Plus 91 Foundation
- Assets
- $595.9k
- Revenue
- $120.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 36-4754074
Organization Overview
Plus 91 Foundation is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plus 91 Foundation 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 12/2022, Plus 91 Foundation generated $120.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $118.4k during the year ending 12/2022. While expenses have increased by 8.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT 2022, PLUS 91 OFFICERS HAVE HAD NUMEROUS MEETINGS AND MANY TALKS AND DISCUSSIONS, WITH MULTIPLE NON- PROFIT DIRECTORS, OFFICERS, CURATORS, AND ARTISTS TO DISCUSS THE ONGOING CHALLENGES, POST PANDEMIC AND WITHIN THE CURRENT CLIMATE, AS WELL AS EXPLORING DIVERSIFIED STRATEGIES TO EXPAND TOPICS OF INTEREST THAT SUPPORT AND POTENTIALLY GROW THE MISSION OF CREATING A UNIQUE SPACE THAT OFFERS PLATFORMS FOR DISCOURSE, SCHOLARSHIP, AND MULTI-DISCIPLINARY PROGRAMS IN THE ARTS AND CULTURAL WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Arani Bose President & Director | 1 | $0 | |
Shumita Bose Treasurer & Director | 1 | $0 | |
Kaushal Majmudar Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,200 |
| Pension plans, employee benefits | $621 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $46,071 |
| Travel, conferences, and meetings | $935 |
| Printing and publications | $0 |
| Other expenses | $18,414 |
| Total operating and administrative expenses | $118,374 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $118,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,923 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $590,000 |
| Total assets | $595,923 |
| Accounts payable and accrued expenses | $6,018 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,018 |