Artists In Residence Inc
- Assets
- $238.2k
- Revenue
- $463.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Brooklyn, NY
- Founding
- 08/1973
- Data as of
- 08/2023
- EIN
- 23-7343096
Organization Overview
Artists In Residence Inc is located in Brooklyn, NY. The organization was established in 1973. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Artists In Residence Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artists In Residence Inc 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 08/2023, Artists In Residence Inc generated $463.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $460.6k during the year ending 08/2023. While expenses have increased by 11.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AN OPEN EXCHANGE OF IDEAS AND RISK-TAKING BY WOMEN ARTISTS IN ORDER TO PROVIDE SUPPORT AND VISIBILITY. AS AN ARTIST-RUN ORGANIZATION, A.I.R. FOSTERS INVOLVEMENT THROUGH MULTIPLE TIERS OF REPRESENTATION: NEW YORK, NATIONAL, ADJUNCT, AND ALUMNAE ARTISTS. A SELF-DIRECTED GOVERNING BODY, THE ORGANIZATION IS ALTERNATIVE TO MAINSTREAM INSTITUTIONS AND THRIVES ON THE NETWORK OF ACTIVE PARTICIPANTS. COLLABORATIONS AND PARTNERSHIPS WITH OUTSIDE ORGANIZATIONS AND INDIVIDUALS ENSURE A PLATFORM INFORMED BY A DIVERSE COMMUNITY AND REPRESENTATIVE OF BROAD VIEWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A.I.R. FELLOWSHIP PROGRAM FOR EMERGING ARTISTS: ANNUALLY PROVIDES 6 EMERGING AND UNDERREPRESENTED WOMEN AND NON-BINARY ARTISTS IN NEW YORK CITY WITH 12 MONTHS OF PROFESSIONAL DEVELOPMENT, MENTORSHIP, AND CURATORIAL SUPPORT, CULMINATING IN THEIR FIRST SOLO EXHIBITION IN NEW YORK CITY.
A.I.R. EXHIBITIONS PROGRAM: ANNUALLY PRESENTS 20 TO 25 SOLO AND CURATED GROUP EXHIBITIONS BY WOMEN AND NON-BINARY CONTEMPORARY ARTISTS, WHICH ARE FREE AND OPEN TO THE PUBLIC YEAR-ROUND.
SPECIAL PROJECTS: INCLUDING THE A.I.R. BIENNIAL OPEN CALL EXHIBITION, ANNUAL POSTCARD SHOW, ART MAKING WORKSHOPS AT LOCAL DOMESTIC VIOLENCE SHELTERS, AND FISCAL SPONSORSHIP OF MISSION-ALIGNED, ARTIST-DRIVEN PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomoko Abe President | OfficerTrustee | 10 | $0 |
Susan Bee Board Member | Trustee | 10 | $0 |
Lizania Cruz Board Member | Trustee | 10 | $0 |
Daria Dorosh Board Member | Trustee | 10 | $0 |
Yvette Drury Dubinsky Treasurer | OfficerTrustee | 10 | $0 |
Maxine Henryson Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,975 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,307 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,347 |
| Total Program Service Revenue | $60,050 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,407 |
| 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. | $72,874 |
| Compensation of current officers, directors, key employees. | $14,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,591 |
| Payroll taxes | $14,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,456 |
| Office expenses | $18,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,671 |
| All other expenses | $14,158 |
| Total functional expenses | $460,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,357 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,170 |
| 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 | $1,313 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,875 |
| Total assets | $238,173 |
| Accounts payable and accrued expenses | $38,787 |
| Grants payable | $0 |
| Deferred revenue | $43,786 |
| 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 | $29,296 |
| Total liabilities | $111,869 |
| Net assets without donor restrictions | $126,304 |
| Net assets with donor restrictions | $0 |
| 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 | $238,173 |