Residency Unlimited Inc
- Assets
- $853.7k
- Revenue
- $511.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 27-0353666
Organization Overview
Residency Unlimited Inc is located in Brooklyn, NY. The organization was established in 2011. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Residency Unlimited Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residency Unlimited 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 12/2021, Residency Unlimited Inc generated $511.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $518.3k during the year ending 12/2021. While expenses have increased by 5.6% 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
TO PROVIDE CUSTOMIZED SUPPORT TO ARTISTS AND CURATORS IN RESIDENCE AND WORKING COLLABORATIVELY WITH LOCAL ORGANIZATIONS TO CREATE SUCCESSFUL RESIDENCY ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, RU HOSTED RESIDENCIES FOR 36 ARTISTS, 5 CURATORS AND 6 GUEST CURATORS. RESIDENTS CAME FROM 21 COUNTRIES INCLUDING CUBA, SWITZERLAND, SPAIN, SLOVENIA, JAPAN, GERMANY, MEXICO, MONTENEGRO, BRAZIL, CROATIA, SLOVAKIA, ALBANIA, FRANCE, HUNGARY, NORWAY, ISRAEL, DOMINICAN REPUBLIC, GEORGIA, AUSTRIA. 11 ARTISTS WERE US BASED: KENTUCKY (3) AND NEW YORK (8). THERE WERE 5 BLACK ARTISTS, AND ONE LATINX ARTIST.WE ORGANIZED 12 IN-PERSON EXHIBITIONS AT RU AND PARTNERING ORGANIZATIONS (MOST RECENTLY THE ACE HOTEL GALLERY) AND 5 IN-PERSON TALKS. 17 VIRTUAL PUBLIC PROGRAMS. 7 VIRTUAL WORKSHOPS, INCLUDING FREE YOGA CLASSES ONLINE TO ADDRESS MENTAL HEALTH ISSUES FOR ARTISTS AND THEIR WELL-BEING. WE ALSO INVITED 74 CURATORS AND ART PROFESSIONALS WHO MET WITH RU ARTISTS IN RESIDENCE INDIVIDUALLY, PROVIDING THEM WITH CRITICAL FEEDBACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathalie Angles Secretary & Executive Director | OfficerTrustee | 40 | $50,000 |
Pamela Auchincloss Chair | OfficerTrustee | 1 | $0 |
Serge Marquie Treasurer | OfficerTrustee | 1 | $0 |
Abshishek Basu Board Member | Trustee | 1 | $0 |
Sharon Phair Fortenbaugh Board Member | Trustee | 1 | $0 |
Onyedika Chuke Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $151,106 |
| All other contributions, gifts, grants, and similar amounts not included above | $359,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,463 |
| Total Program Service Revenue | $378 |
| Investment income | $846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,869 |
| 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 | $116,550 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $17,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,246 |
| Payroll taxes | $4,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,892 |
| Advertising and promotion | $0 |
| Office expenses | $2,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,720 |
| Travel | $29,004 |
| 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 | $511 |
| Insurance | $393 |
| All other expenses | $0 |
| Total functional expenses | $518,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,882 |
| Savings and temporary cash investments | $523,769 |
| Pledges and grants receivable | $33,100 |
| 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 | $740 |
| Investments—publicly traded securities | $193,670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,490 |
| Total assets | $853,651 |
| Accounts payable and accrued expenses | $8,173 |
| 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 | $8,173 |
| Net assets without donor restrictions | $491,774 |
| Net assets with donor restrictions | $353,704 |
| 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 | $853,651 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Residency Unlimited Inc has recieved totaling $56,930.
| Awarding Organization | Amount |
|---|---|
Great Meadows Foundation Inc Louisville, KY PURPOSE: GRANT AWARD TO LOCAL ARTIST | $14,925 |
Donald A Pels Charitable Tr 081892 Harrison, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Donald A Pels Charitable Tr 081892 Harrison, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
The Tianaderrah Foundation C/O Robert L Gipson New York, NY PURPOSE: GENERAL FUNDS | $10,000 |
Y & S Nazarian Family Foundation Beverly Hills, CA PURPOSE: GENERAL SUPPORT | $9,000 |
Brownstone Family Foundation New York, NY PURPOSE: SUPPORT FOR THE ARTS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
The American Ireland Fund Boston, MA | $28,715,910 | $22,675,949 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |