Residency Unlimited Inc
- Assets
- $1.0m
- Revenue
- $914.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- 09/2011
- Data as of
- 12/2023
- 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 12/2023, Residency Unlimited Inc employed 3 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 12/2023, Residency Unlimited Inc generated $914.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $799.9k during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 9 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 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 2023, RU HOSTED RESIDENCIES FOR 59 ARTISTS (41 INTERNATIONAL + 18 NY/US-BASED) AND 10 CURATORS FROM 32 COUNTRIES INCLUDING ALBANIA, AUSTRIA GERMANY, BELGIUM, BOSNIA AND HERZEGOVINA, BULGARIA, CHINA, CROATIA, CUBA, CZECH REPUBLIC, FRANCE, FINLAND, GERMANY, HUNGARY, ISRAEL, ITALY, JAPAN, KOSOVO, LITHUANIA, NICARAGUA, NORTH MACEDONIA, MONTENEGRO, PORTUGAL, SLOVENIA, SLOVAKIA, SERBIA, SPAIN, SWITZERLAND, TAIWAN, TURKEY, UNITED KINGDOM, AND THE UNITED STATES.SUPPORTING LOCAL ARTISTS FROM UNDERSERVED COMMUNITIES ACROSS THE FIVE BOROUGHS IS ALSO A PRIORITY FOR RU. IN 2023, 4 LOCAL ARTISTS WERE SELECTED THROUGH OPEN CALL AND A JURY FOR THE 2023 NYC ARTIST RESIDENCY PROGRAM AND 4 LOCAL ARTISTS WERE SELECTED FOR THE 2023 VOICES OF MULTIPLICITY (VOM) II PROGRAM. THE NYC ARTISTS HAD A CULMINATING EXHIBITION AT PS122 GALLERY AND THE VOM ARTISTS HAD WORKSHOPS WITH THE ARTMOBILE VAN IN COLLABORATION WITH THE BROOKLYN PUBLIC LIBRARY AND A CULMINATING EXHIBITION AT RU/KODA HOUSE ON GOVERNORS ISLAND.IN 2023 RU ORGANIZED 600 STUDIO VISITS/MEETINGS FOR CRITICAL FEEDBACK BETWEEN RESIDENT ARTISTS AND THE BROADER ARTS PROFESSIONAL COMMUNITY IN NYC. THIS IS A REMUNERATED SERVICE. WE HIRED 4 GUEST CURATORS TO ASSIST THE RU TEAM AND PROVIDE AN ADDED LEVEL OF CUSTOMIZED SUPPORT FOR STUDIO VISITS AND PROGRAMMING.IN 2023 WE ORGANIZED 59 PUBLIC PROGRAMS (23 EXHIBITIONS, 21 TALKS/PRESENTATIONS, 7 PERFORMANCES, 8 WORKSHOPS) AT OUR HEADQUARTERS IN CARROLL GARDENS AND RU/KODA HOUSE AT GOVERNORS ISLAND, AND PARTNERING VENUES INCLUDING PS122 GALLERY, SAPAR CONTEMPORARY GALLERY IN TRIBECA, TROTTER & SHOLER GALLERY IN LES, KI SMITH GALLERY AND CHASHAMA MIDTOWN.IN 2023 RU WAS PROUD TO CONTINUE INVOLVEMENT WITH THE COMMUNITY MURAL PROJECT LED BY THE ARTS DEPARTMENT AT NYC HEALTH + HOSPITALS. RU MANAGED THE OPEN CALL TO SELECT 10 LOCAL ARTISTS OUT OF 145 APPLICATIONS WHO WERE COMMISSIONED TO CREATE 10 MURALS FOR HOSPITALS THROUGHOUT THE FIVE BOROUGHS. RU COMMUNITY BUILDING ACTIVITIES FOR THE RESIDENTS INCLUDE 24 FIELD TRIPS AND 12 WELCOME GATHERINGS IN 2023. THEY VISITED THE CENTER FOR THE HUMANITIES, JAMES GALLERY, INTERNATIONAL CENTER FOR PHOTOGRAPHY, SWISS INSTITUTE, ANOTHER SPACE, WESTBETH STUDIOS, THE CLEMENTE, ELIZABETH FOUNDATION FOR THE ARTS, A.I.R. GALLERY IN DUMBO, THE MUSEUM OF MOVING IMAGE, BRONX MUSEUM, DIEU DONN, WAVEHILL, DIA BEACON, FAURSCHOU MUSEUM, STORM KING, QUEENS MUSEUM, 601 ARTSPACE, SMACK MELLON, AMERICAS SOCIETY, APEXART, MISHKIN GALLERY AT BARUCH COLLEGE, POSTERHOUSE, THE ART STUDENTS LEAGUE OF NEW YORK AND THE SHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Auchincloss Chair | OfficerTrustee | 1 | $0 |
Serge Marquie Treasurer | OfficerTrustee | 1 | $0 |
Sharon Phair Fortenbaugh Secretary | OfficerTrustee | 1 | $0 |
Nathalie Angles Executive Director | OfficerTrustee | 40 | $65,000 |
Abshishek Basu 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 | $172,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $726,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,897 |
| Total Program Service Revenue | $4,593 |
| Investment income | $3,002 |
| 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 | $914,459 |
| 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 | $130,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $19,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,684 |
| Payroll taxes | $11,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,905 |
| Advertising and promotion | $0 |
| Office expenses | $4,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,540 |
| Travel | $47,885 |
| 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 | $581 |
| Insurance | $6,075 |
| All other expenses | $0 |
| Total functional expenses | $799,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,960 |
| Savings and temporary cash investments | $514,279 |
| Pledges and grants receivable | $135,100 |
| 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 | $5,627 |
| Investments—publicly traded securities | $266,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,990 |
| Total assets | $1,004,144 |
| Accounts payable and accrued expenses | $17,036 |
| 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 | $17,036 |
| Net assets without donor restrictions | $690,665 |
| Net assets with donor restrictions | $296,443 |
| 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 | $1,004,144 |