Wr Arts Inc
- Assets
- $240.1k
- Revenue
- $318.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Brooklyn, NY
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-2663098
Organization Overview
Wr Arts Inc is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Wr Arts Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wr 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 12/2022, Wr Arts Inc generated $318.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $265.2k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 5 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
501(C)3 WR ARTS IS HERE TO PROVIDE AN OPEN, SUPPORTIVE ARTISTIC ENVIRONMENT TO THOSE LOOKING TO CULTIVATE A LASTING RELATIONSHIP WITH DANCE AND THE PERFORMING ARTS. WE STRIVE TO FIND WAYS TO BLEND NORTH BROOKLYN'S CULTURALLY DIVERSE NEIGHBORHOODS TOGETHER UNDER ONE ROOF TO BUILD A STRONGER COMMUNITY TOGETHER THROUGH THE ARTS. WITH OUR "IN SCHOOL" ON-SITE AFTER SCHOOL ENRICHMENT PROGRAMING AND OUR 6 DAYS A WEEK "HOME BASE" GENERAL CHILDREN'S AND PRE-PROFESSIONAL TRAINING AT 573 METROPOLITAN AVENUE, WE CONNECT ALL TO THE ARTS EXPERIENCE. THROUGH OUR "IN SCHOOL" PROGRAM WR BRINGS A PROFESSIONAL STUDIO ATMOSPHERE INTO CLASSROOM SPACES AT AN INTRODUCTORY LEVEL. TO FURTHER THE INTEREST AND TRAINING OF THOSE LOOKING FOR MORE, WR HAS A "HOME BASE", WITH REDUCED RATE COMMUNITY CLASSES AND SCHOLARSHIP OPPORTUNITIES FOR PARTICIPATION IN OUR GENERAL AND PRE-PROFESSIONAL PROGRAMING. THROUGH WORKSHOPS AND COMMUNITY CLASSES FOR EVERY AGE AND EXPERIENCE LEVEL, WE WELCOME ARTISTS OF ALL RACES, SIZES, A
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN-SCHOOL ACCOMPLISHMENTS: SEPTEMBER - DECEMBER 2022, WR ARTS EXPANDS IN-SCHOOL PROGRAMMING TO 4 LOCAL SCHOOLS, PREVIOUSLY 2 FROM EARLIER IN 2022: PS 31, PS 34, AND PS 110, AND PS 157 PROVIDING PERFORMING ARTS ENRICHMENT TO PRE-K THROUGH 5TH GRADE AGED STUDENTS 3 - 5 DAYS A WEEK. STUDIO ACCOMPLISHMENTS: WR ARTS CONTINUED IN-STUDIO PROGRAMING WITH OUR WINTER/ SPRING 2022 SESSION, RUNNING JANUARY THROUGH JUNE 2022. IN MAY 2022, WR ARTS HOSTED OUR END OF YEAR PERFORMANCES AT THE BRICK THEATER, WELCOMING 150 GUESTS. WR ARTS ENDED 2022 WITH A STAGED PRESENTATION OF HANSEL & GRETEL PERFORMED BY OUR FRIDAY PERFORMING GROUP- STUDENTS AGED 5 - 10. PARTNERED PROGRAMING: WR ARTS PARTNERED WITH WILLIAMSBURG NORTHSIDE SCHOOL TO PROVIDE AFTERNOON DANCE PROGRAMING 1 -2 DAYS A WEEK, JANUARY THROUGH MAY/ JUNE OF 2022WR ARTS PARTNERED WITH CITY KIDS TO PROVIDE AFTERNOON DANCE AND THEATER ARTS PROGRAMING 1 -2 DAYS A WEEK, JANUARY THROUGH AUGUST OF 2022WR ARTS PAYCHECK PROTECTION LOAN OF $31,200.00, RECEIVED IN FEBRUARY 2021 WAS FULLY FORGIVEN AS A GOVERNMENTAL GRANT IN 2022. DECEMBER OF 2022 CRISTINA GUSTAITIS VOLUNTEERED AND WAS VOTED IN TO REPLACE EUGENIA VELEZ AS SECRETARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Guiland President | OfficerTrustee | 35 | $46,625 |
Cristina Gustaitis Secretary | OfficerTrustee | 1 | $313 |
Frank Rupp Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,141 |
| Total Program Service Revenue | $284,388 |
| 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 | $318,124 |
| 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. | $46,938 |
| Compensation of current officers, directors, key employees. | $46,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,260 |
| Advertising and promotion | $820 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,923 |
| Travel | $0 |
| 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 | $1,066 |
| Insurance | $2,295 |
| All other expenses | $9,656 |
| Total functional expenses | $265,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,391 |
| Total assets | $240,123 |
| Accounts payable and accrued expenses | $0 |
| 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 | $165,606 |
| Total liabilities | $165,606 |
| Net assets without donor restrictions | $74,517 |
| 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 | $240,123 |