Colab Arts Inc
- Assets
- $299.5k
- Revenue
- $358.7k
- Investments
- $0.0
- Employees
- 11
- Location
- New Brunswick, NJ
- Founding
- 11/2010
- Data as of
- 06/2022
- EIN
- 27-2611798
Organization Overview
Colab Arts Inc is located in New Brunswick, NJ. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Colab Arts Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colab Arts 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 06/2022, Colab Arts Inc generated $358.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $403.4k during the year ending 06/2022. While expenses have increased by 29.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLAB ARTS ENGAGES ARTISTS, SOCIAL ADVOCATES, AND COMMUNITIES TO CREATE TRANSFORMATIVE NEW WORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLAB ARTS GENERATES COMMUNITY-POWERED PROJECTS AND SEEKS TO CREATE AN ART SCENE USING NEW AND ESTABLISHED SPACES. ITS WORK TAKES PLACE IN COMMUNITY ROOMS, HOUSES OF WORSHIP, PARKING LOTS, SCHOOLS, BARS, AND BACKYARDS. A LETS GET IT DONE WORK ETHIC AND FLAIR FOR MISCHIEF COLORS COLAB ARTS AESTHETIC AND AN EMPHASIS ON COMMUNITY ENGAGEMENT AND PROFESSIONAL DEVELOPMENT DEFINES ITS COMMITMENT TO THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Veloso Treasurer | OfficerTrustee | 2 | $0 |
Nicole Brownstein Vice Preside | OfficerTrustee | 2 | $0 |
David Rogoff Secretary | OfficerTrustee | 2 | $0 |
Elise Brancheau President | OfficerTrustee | 2 | $0 |
Dan Swern Producing Di | Trustee | 40 | $0 |
Maevonia Caldwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,600 |
| Total Program Service Revenue | $91,113 |
| 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 | $358,713 |
| 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 | $147,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,589 |
| Advertising and promotion | $11,454 |
| Office expenses | $34,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,500 |
| Travel | $785 |
| 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 | $4,451 |
| All other expenses | $2,523 |
| Total functional expenses | $403,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,350 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $299,528 |
| Accounts payable and accrued expenses | $136,093 |
| 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 | $136,093 |
| Net assets without donor restrictions | $163,435 |
| 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 | $299,528 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Colab Arts Inc has recieved totaling $83,187.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: New Jersey Arts and Culture Recovery Fund Grant Ap | $28,125 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: ASPHALT ART INITIATIVE FOR THE CITY OF NEW BRUNSWICK, NJ | $25,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: CONTINUED PROJECT SUPPORT | $15,000 |
Geraldine R Dodge Foundation Incorporated Morristown, NJ PURPOSE: CONTINUED PROJECT SUPPORT | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |