Us Biennial Inc
- Assets
- $1.3m
- Revenue
- $876.5k
- Investments
- $0.0
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-8374608
Organization Overview
Us Biennial Inc, operating under the name Prospect New Orleans, is located in New Orleans, LA. The organization was established in 2007. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Prospect New Orleans employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect New Orleans 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 12/2022, Prospect New Orleans generated $876.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROSPECT NEW ORLEANS IS A CITYWIDE CONTEMPORARY ART TRIENNIAL. EVERY THREE YEARS, WE BRING NEW ART TO AN OLD CITY BY INVITING ARTISTS FROM ALL OVER THE WORLD TO CREATE PROJECTS IN A WIDE VARIETY OF VENUES SPREAD THROUGHOUT NEW ORLEANS. EACH ITERATION OF PROSPECT IS ORGANIZED BY A LEADING VOICE IN THE CURATORIAL FIELD. FOR RESIDENTS AND VISITORS ALIKE, PROSPECT IS AN INVITATION TO EXPERIENCE THE CITY THROUGH THE EYES OF ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSPECT.5: YESTERDAY WE SAID TOMORROW IS THE FIFTH EDITION OF PROSPECT NEW ORLEANS, A CITYWIDE ART EXHIBITION. INSPIRED BY NEW ORLEANS JAZZ MUSICIAN CHRISTIAN SCOTT ATUNDE ADJUAHS 2010 ALBUM YESTERDAY YOU SAID TOMORROW, THE TITLE OF THE EXHIBITION CENTERS THE UNSPOKEN PRESENT, THE PLACE WHERE PAST AND FUTURE COME TOGETHER, AND WHERE OTHER COURSES OF ACTION BECOME POSSIBLE. THE EXHIBITION TITLE ALSO IMPLIES THE DEFERRAL OF MEANINGFUL CHANGE, WHICH OFTEN COMES SLOWLY OR NOT AT ALL. THE ARTISTS AND IDEAS THAT DEFINE THIS EXHIBITION CONFRONT THIS TRUTH, AND THE STARK REALITIES OF HISTORY, BUT ALSO SUGGEST THAT WE MIGHT YET PLOT A DIFFERENT FUTURE.
ARTISTS OF PUBLIC MEMORY: ARTISTS OF PUBLIC MEMORY IS A NEW PUBLIC ART COMMISSION THAT INVITES LOUISIANA ARTISTS TO SHARE THEIR VISIONS OF HOW MONUMENTS AND COLLECTIVE MEMORIES CAN APPEAR AND FUNCTION IN OUR LANDSCAPE, SOCIETY, AND PUBLIC SPACE. THIS INITIATIVE MARKS THE FIRST TIME PROSPECT HAS INVITED LOUISIANA-BASED CURATORS AND CULTURAL ORGANIZATIONS TO NOMINATE ARTISTS FOR A PUBLIC ART COMMISSION. DISTINCT FROM PROSPECT.6, WHICH IS SCHEDULED TO OPEN IN FALL 2024, ARTISTS OF PUBLIC MEMORY REPRESENTS A KEY PART OF PROSPECTS COMMITMENT TO HAVING A BROADER PRESENCE IN NEW ORLEANS THAT EXTENDS BEYOND THE PARAMETERS OF THE TRIENNIAL EXHIBITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher J Alfieri President | OfficerTrustee | 5 | $0 |
Michael Wilkinson Vice President | OfficerTrustee | 5 | $0 |
Allison Kendrick Treasurer | OfficerTrustee | 5 | $0 |
Staci Rosenberg Secretary | OfficerTrustee | 5 | $0 |
Susan Gore Brennan Director | Trustee | 5 | $0 |
Shawn M Barney Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,650 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $905,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $980,177 |
| Total Program Service Revenue | $25,000 |
| Investment income | $8,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$166,234 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $952 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $876,498 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,859 |
| Pension plan accruals and contributions | $2,894 |
| Other employee benefits | $19,747 |
| Payroll taxes | $22,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,079 |
| Advertising and promotion | $26,853 |
| Office expenses | $3,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,694 |
| Travel | $129,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,462 |
| All other expenses | $0 |
| Total functional expenses | $1,377,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $124,456 |
| 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 | $225,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,614 |
| Investments—publicly traded securities | $758,480 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,038 |
| Total assets | $1,331,511 |
| Accounts payable and accrued expenses | $46,101 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $46,101 |
| Net assets without donor restrictions | $430,410 |
| Net assets with donor restrictions | $855,000 |
| 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 | $1,331,511 |