Nycsalt Inc
- Assets
- $1.2m
- Revenue
- $469.1k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 10/2009
- Data as of
- 06/2023
- EIN
- 26-2502577
Organization Overview
Nycsalt Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Nycsalt Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nycsalt 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 06/2023, Nycsalt Inc generated $469.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $682.7k during the year ending 06/2023. While expenses have increased by 7.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NYC SALT, INC. IS A NY NON-PROFIT ORGANIZATION WORKING TO ENGAGE, INSPIRE, AND EMPOWER YOUTH FROM LOW-INCOME, PREDOMINANTLY IMMIGRANT COMMUNITIES IN NYC TO REACH THEIR FULL POTENTIAL THROUGH PHOTOGRAPHY. THE PROGRAM PROVIDES INDIVIDUALIZED MENTORING, COLLEGE PREPARATION, CAREER EXPLORATION, PLACEMENT IN INTERNSHIPS, AND JOB READINESS TRAINING IN ORDER TO PROVIDE STUDENTS WITH THE NECESSARY SKILLS AND TOOLS TO PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCY & SPECIAL PROJECTS - THE NYC SALT RESIDENCY PROGRAM IS A MULTI-YEAR DIGITAL PHOTOGRAPHY, COLLEGE PREP AND CAREER READINESS PROGRAM FOR HIGH SCHOOL STUDENTS IN NYC INTERESTED IN PURSUING CAREERS AND MAJORS IN COLLEGE FOCUSED ON THE CREATIVE INDUSTRY. STUDENTS RECEIVE INDIVIDUALIZED COLLEGE HELP, MENTORING FROM AN INDUSTRY PROFESSIONAL AND DEVELOP PORTFOLIOS FOR COLLEGE.
WORKSHOPS & CAMP - NYC SALT UTILIZES PROFESSIONAL PHOTOGRAPHERS AND EDITORS AS TEACHING ARTISTS TO TEACH SCHOOL YEAR AND SUMMER WORKSHOPS IN THE BASICS FOR DIGITAL PHOTOGRAPHY AND SOCIAL MEDIA. THE PROGRAM GIVES STUDENTS A KNOWLEDGE OF VISUAL STORY TELLING WHILE ALSO EXPOSING STUDENTS TO CAREER OPTIONS IN THE CREATIVE INDUSTRY THROUGH FIELD TRIPS.
COLLEGE PREP - NYC SALT PROVIDES COLLEGE PREP WORKSHOPS AND GUIDANCE THROUGH A COLLEGE GUIDANCE COUNSELOR TO OUR RESIDENCY STUDENTS. THE STUDENTS ARE GIVEN WORKSHOPS ON ALL ASPECTS OF PREPARING FOR COLLEGE, SIX MONTHS OF ACT PREP CLASSES, AND A COLLEGE BOOTCAMP THE SUMMER PRIOR TO THEIR SENIOR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Allen Chair | OfficerTrustee | 1 | $0 |
Marc Asnin Secretary | OfficerTrustee | 1 | $0 |
Tigre Mcmullan Treasurer | OfficerTrustee | 1 | $0 |
Adam Chinitz Board Member | Trustee | 1 | $0 |
Gregg Lhotsky Board Member | Trustee | 1 | $0 |
Michael Grohman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,578 |
| Related organizations | $0 |
| Government grants | $64,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,932 |
| Noncash contributions included in lines 1a–1f | $37,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,860 |
| Total Program Service Revenue | $38,251 |
| Investment income | $0 |
| 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 | $469,111 |
| 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. | $166,240 |
| Compensation of current officers, directors, key employees. | $9,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,931 |
| Payroll taxes | $18,476 |
| 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 | $123,329 |
| Advertising and promotion | $2,695 |
| Office expenses | $59,422 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,406 |
| Travel | $14,669 |
| 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 | $293 |
| Insurance | $8,582 |
| All other expenses | $3,012 |
| Total functional expenses | $682,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,890 |
| Savings and temporary cash investments | $250,043 |
| Pledges and grants receivable | $45,870 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,001 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $715,080 |
| Total assets | $1,162,884 |
| Accounts payable and accrued expenses | $34,711 |
| 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 | $153,886 |
| Other liabilities | $727,840 |
| Total liabilities | $916,437 |
| Net assets without donor restrictions | $156,447 |
| Net assets with donor restrictions | $90,000 |
| 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 | $1,162,884 |