Issue Project Room Incorporated
- Assets
- $3.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 20-0367608
Organization Overview
Issue Project Room Incorporated is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Issue Project Room Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Issue Project Room Incorporated generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $728.5k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUE PROJECT ROOM PRESENTS PROJECTS BY INTERDISCIPLINARY ARTISTS THAT EXPAND THE BOUNDARIES OF ARTISTIC PRACTICE AND STIMULATE CRITICAL DIALOGUE IN THE BROADER COMMUNITY. ISSUE SERVES AS A LEADING CULTURAL INCUBATOR, FACILITATING THE COMMISSION AND PREMIERE OF INNOVATIVE NEW WORKS SPANNING GENRES OF MUSIC, DANCE, LITERATURE AND FILM. DURING 2021, ISSUE COMMISSIONED MULTIPLE WORKS AND PRESENTED NUMEROUS EVENTS BRINGING RECOGNITION TO CREATIVE PRACTITIONERS WHOSE IMPORTANT CONTRIBUTIONS TO THE ARTISTIC FIELD ARE UNDERREPRESENTED. LIVE EVENTS WERE PRESENTED THROUGHOUT THE FIRST QUARTER OF 2020 AT ISSUE'S 22 BOERUM THEATER. DUE TO THE COVID-19 PANDEMIC, ISSUE'S FINAL IN-PERSON EVENT WITH AUDIENCE IN ATTENDANCE OCCURRED ON MARCH 12, 2020. ALL SCHEDULED EVENTS AFTER THIS DATE WERE CANCELED OR POSTPONED. SINCE THAT TIME, ISSUE HAS COORDINATED ALL PROGRAMS AS FREE ONLINE STREAMS. BETWEEN APRIL 1, 2020 AND DECEMBER 2021, 2020 ISSUE PRESENTED 45 EVENTS ONLINE. OF THESE, A A SMALL NUMBER WERE RECORDED IN-PERSON WITH ONLY ARTISTS AND TECHNICAL STAFF PRESENT WITH A HANDFUL LIVE STREAMED, BUT MOST BEING PRE-RECORDED AND EDITED PRIOR TO PRESENTATION. IN AUGUST 2020, ISSUE HOSTED INSTALLATION OF A WORK BY ARTIST LAURIE SPIEGEL, COORDINATED BY SETH CLUETT. THE DESIGN OF THE INSTALLATION WAS CRAFTED CAREFULLY WITHIN THE SCOPE OF OUR APPROVED COVID SAFETY PLAN. A SELECTION OF ISSUE'S AUDIENCE (MEMBERS AND TICKET BUYERS FROM THE ORIGINAL EVENT, SLATED FOR LATE-MARCH 2020) WERE INVITED TO RSVP TO EXPERIENCE THE INSTALLATION. A MAXIMUM OF FIVE PRE-REGISTERED GUESTS COULD VISIT AT A TIME WITH STRICT SOCIAL DISTANCING IN PLACE, AND THE VISITOR TIME SLOTS WERE SPACED OUT SUCH THAT THERE WAS AMPLE TIME FOR CLEANING BETWEEN EACH INTERVAL. NO OTHER EVENTS INVOLVED IN-PERSON ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zev Greenfield Executive Director | Officer | 40 | $147,651 |
Roger Luke Dubois President | OfficerTrustee | 1 | $0 |
Jeanne Hardy Vice President | OfficerTrustee | 1 | $0 |
Marcus Brauer Treasurer | OfficerTrustee | 1 | $0 |
Toni Dove Secretary | OfficerTrustee | 1 | $0 |
Steve Buscemi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,863 |
| Fundraising events | $26,653 |
| Related organizations | $0 |
| Government grants | $1,016,034 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,576,314 |
| Noncash contributions included in lines 1a–1f | $1,938,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,632,864 |
| Total Program Service Revenue | $49,491 |
| Investment income | $190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,683,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,651 |
| Compensation of current officers, directors, key employees. | $44,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,420 |
| Payroll taxes | $37,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,376 |
| Advertising and promotion | $9,505 |
| Office expenses | $6,295 |
| Information technology | $0 |
| Royalties | $1,173 |
| Occupancy | $80,836 |
| Travel | $6,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,296 |
| Interest | $8,548 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,619 |
| Insurance | $250 |
| All other expenses | $27,248 |
| Total functional expenses | $728,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,286 |
| Savings and temporary cash investments | $100,007 |
| Pledges and grants receivable | $151,200 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,202 |
| Net Land, buildings, and equipment | $3,308,939 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,580,634 |
| Accounts payable and accrued expenses | $69,516 |
| Grants payable | $0 |
| Deferred revenue | $6,510 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,897 |
| Total liabilities | $150,923 |
| Net assets without donor restrictions | $22,491 |
| Net assets with donor restrictions | $3,407,220 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,580,634 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Issue Project Room Incorporated has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
The Annenberg Foundation Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
National Independent Venue Foundation New York, NY PURPOSE: EMERGENCY RELIEF FUND | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New Jersey Performing Arts Center Corporation Newark, NJ | $266,001,987 | $34,288,526 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
Horace Bushnell Memorial Hall Corporation Hartford, CT | $69,994,331 | $15,110,595 |
Mccarter Theatre Company Princeton, NJ | $28,336,036 | $11,621,825 |
Count Basie Theatre Inc Red Bank, NJ | $61,930,466 | $14,783,970 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |