Artshack Brooklyn
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 25
- Location
- Brooklyn, NY
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-1692702
Organization Overview
Artshack Brooklyn is located in Brooklyn, NY. The organization was established in 2016. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Artshack Brooklyn employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artshack Brooklyn 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, Artshack Brooklyn generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 41.1% 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
THE ORGANIZATION'S PURPOSE IS TO FOSTER CREATIVITY, SELF-RESPECT, AND EMPOWER CHILDREN, ADULTS, AND FAMILIES THROUGH THE USE OF CERAMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DERIVES THE MAJORITY OF ITS REVENUE BY OFFERING A LA CARTE CERAMICS CLASSES AS WELL AS MEMBERSHIPS TO THE GENERAL PUBLIC. MEMBERS PAY A MONTHLY FEE AND ARE GRANTED 24 HOUR ACCESS TO THE COMMUNAL STUDIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverley Watson Director | Trustee | 1 | $0 |
Helen Warwick Director | Trustee | 1 | $0 |
Cynthia Robinson-Bioh Director | Trustee | 1 | $0 |
Shaun Leonardo Director | Trustee | 1 | $0 |
Seanna Brown Director | Trustee | 1 | $0 |
Maya Feller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,016 |
| Related organizations | $0 |
| Government grants | $91,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,400 |
| Total Program Service Revenue | $1,359,237 |
| 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 | -$2,950 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,528,687 |
| 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. | $100,204 |
| Compensation of current officers, directors, key employees. | $15,031 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $498,219 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,267 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,050 |
| Fees for services: Accounting | $52,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,209 |
| Advertising and promotion | $2,931 |
| Office expenses | $35,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $313,272 |
| Travel | $2,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,499 |
| Insurance | $17,132 |
| All other expenses | $10,073 |
| Total functional expenses | $1,624,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,690 |
| Accounts receivable, net | $9,558 |
| 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 | $21,785 |
| Net Land, buildings, and equipment | $186,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,310,625 |
| Total assets | $1,837,951 |
| Accounts payable and accrued expenses | $98,617 |
| Grants payable | $0 |
| Deferred revenue | $230,890 |
| 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 | $1,296,836 |
| Total liabilities | $1,626,343 |
| Net assets without donor restrictions | $208,918 |
| Net assets with donor restrictions | $2,690 |
| 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 | $1,837,951 |