Purple Swans Corporation
- Assets
- $80.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 11/2014
- Data as of
- 12/2019
- EIN
- 47-2167871
Organization Overview
Purple Swans Corporation is located in Morristown, NJ. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Purple Swans Corporation 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 12/2019, Purple Swans Corporation generated $71.7k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $71.6k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Chu Managing Directors & Trustee | 12 | $9,320 | |
Lei Chen Managing Directors & Trustee | 4 | $0 | |
Maria Wu Managing Directors & Trustee | 6 | $0 | |
Hong Mao Directors | 2 | $0 | |
Wenning Feng Directors & Trustee | 6 | $0 | |
Jing Feng Directors | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,921 |
| Total Program Service Revenue | $23,788 |
| Membership dues | $25,014 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,723 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,119 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,038 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,319 |
| Total expenses | $71,565 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,731 |
| Other assets | $0 |
| Total assets | $79,959 |
| Total liabilities | $5,696 |
| Net assets or fund balances | $74,263 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Purple Swans Corporation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Anthony Sun Foundation Inc Morristown, NJ PURPOSE: CHARITY FOR NJ MENTAL HEALTH TRAINING DANCE PERFORMANCE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
Seward Johnson Atelier Inc Hamilton, NJ | $66,063,145 | $5,452,215 |
Boris Lurie Art Foundation Wilmington, DE | $0 | $786,286 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
Restart Factory Inc New York, NY | $6,049,280 | $3,828,840 |