Wassaic Project Inc
- Assets
- $2.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Wassaic, NY
- Founding
- 06/2012
- Data as of
- 03/2023
- EIN
- 27-2691962
Organization Overview
Wassaic Project Inc is located in Wassaic, NY. The organization was established in 2012. 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 03/2023, Wassaic Project Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wassaic Project 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 03/2023, Wassaic Project Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $1.0m during the year ending 03/2023. While expenses have increased by 12.2% 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
A CONTEMPORARY ARTS ORGANIZATION THAT USES ART AND ARTS EDUCATION TO FOSTER POSITIVE SOCIAL CHANGE, BUILD LOCAL PRIDE, AND NURTURE PARTNERSHIPS BETWEEN ARTISTS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - PRODUCES, CURATES AND HOSTS A YEAR ROUND EXHIBITIONS OF CONTEMPORARY ART. THE ORGANIZATION'S SUMMER EXHIBITION IS OPEN FROM MAY TO SEPTEMBER, FREE-OF-CHARGE TO THE GENERAL PUBLIC IN A RURAL COMMUNITY UNDERSERVED BY THE ARTS. THE SUMMER EXHIBITION PRESENTS A SURVEY OF EMERGING ARTISTS INTEGRATED INTO THE UNIQUE ARCHITECTURE OF THE MAIN FACILITY, THE MAXON MILLS, A RESTORED AND REPURPOSED GRAIN ELEVATOR. TO DATE THE WASSAIC PROJECT HAS FEATURED THE WORK OF OVER 1500 ARTISTS IN OUR 8,000+ SQUARE FOOT GALLERY SPACE. THE ORGANIZATION IS ENTIRELY RESPONSIBLE FOR OVERALL MANAGEMENT OF ITS EXHIBITIONS, INCLUDING THE RECURITMENT OF ARTISTS, THE PREPARATION OF GROUNDS AND FACILITIES, BUSINESS AND RISK MANAGEMENT, PROMOTION AND EVENT COORDINATION.
ARTIST RESIDENCY.
PUBLIC PROGRAMS - PRODUCES AND HOSTS COMMUNITY PROGRAMS AND SEASONAL EVENTS OF CONTEMPORARY ART AND PERFORMANCE IN THE HAMLET OF WASSAIC. THE PROGRAMS AND EVENTS ARE FREE OF CHARGE AND OPEN TO THE GENERAL PUBLIC IN A RURAL COMMUNITY UNDERSERVED BY THE ARTS. THROUGH THIRTEEN SEASONS, THE PROGRAMS HAVE SERVED OVER 40,000 ATTENDEES AND FEATURED 400+ ARTISTS, DANCERS, MUSICANS, AND FILM-MAKERS. THE WASSAIC PROJECT IS ENTIRELY RESPONSIBLE FOR OVERALL MANAGEMENT OF THE EVENTS, INCLUDING THE RECRUITMENT OF ARTISTS AND PERFORMERS, THE PREPARATION OF GROUNDS AND FACILITIES, BUSINESS AND RISK MANAGEMENT, AND PROMOTION AND EVENTS COORDINATION.
EDUCATION - PRODUCES AND PROVIDES EDUCATIONAL PROGRAMS, INCLUDING TOURS, LESSONS, LECTURES AND WORKSHOPS TO EDUCATE STUDENTS AND THE GENERAL PUBLIC ABOUT CONTEMPORARY FINE AND PERFORMING ARTS. PROGRAMS ARE CONDUCTED ON SITE IN THE FREE EDUCATION CENTER CALLED THE "ART NEST". PROGRAMS ARE DEVELOPED WITH COMMUNITY AND YOUTH INPUT AND HAVE SERVED OVER 6,000 CHILDREN AND YOUNG ADULTS. TEACHING ARTISTS, IN PARTNERSHIP WITH OUR EDUCATION DIRECTOR, ALSO WORK DIRECTLY WITH STUDENTS IN THE LOCAL PUBLIC MIDDLE AND HIGH SCHOOLS YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Barnett-Winsby Co-Executive | Officer | 40 | $66,000 |
Bowen Barnett-Zunino Co-Executive | Officer | 40 | $66,000 |
Eve Biddle Co-Executive | Officer | 40 | $66,000 |
Munawar Ahmed Director | Trustee | 2 | $0 |
Genevieve Christy Treasurer | OfficerTrustee | 2 | $0 |
Lucy Commoner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $192,363 |
| Related organizations | $0 |
| Government grants | $272,405 |
| All other contributions, gifts, grants, and similar amounts not included above | $806,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,271,241 |
| Total Program Service Revenue | $231,456 |
| Investment income | $6,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,340 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,537,971 |
| 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. | $198,000 |
| Compensation of current officers, directors, key employees. | $25,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,915 |
| Payroll taxes | $36,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,260 |
| Advertising and promotion | $0 |
| Office expenses | $14,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,793 |
| Travel | $14,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,027 |
| Insurance | $44,860 |
| All other expenses | $17,431 |
| Total functional expenses | $1,013,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $834,451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $152,633 |
| 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 | $1,276,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,263,729 |
| Accounts payable and accrued expenses | $34,887 |
| 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 | $544,950 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $15,404 |
| Total liabilities | $795,241 |
| Net assets without donor restrictions | $1,116,998 |
| Net assets with donor restrictions | $351,490 |
| 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 | $2,263,729 |