Artistic Freedom Initiative Inc
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Brooklyn, NY
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 83-3289658
Organization Overview
Artistic Freedom Initiative Inc is located in Brooklyn, NY. The organization was established in 2019. 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 12/2023, Artistic Freedom Initiative Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artistic Freedom Initiative 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 12/2023, Artistic Freedom Initiative Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 59.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 49.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARTISTIC FREEDOM INITIATIVE IS AN ORGANIZATION FORMED TO DIRECTLY ASSIST ARTISTS WHOSE FREEDOM OF EXPRESSION HAS BEEN RESTRICTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTISTIC FREEDOM INITIATIVE IS AN ORGANIZATION FORMED TO DIRECTLY ASSIST ARTISTS WHOSE FREEDOM OF EXPRESSION HAS BEEN RESTRICTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Tucker Executive Director | OfficerTrustee | 50 | $123,959 |
Dinesh Khosla Board Chair | OfficerTrustee | 4 | $0 |
Sanjay Sethi Board Treasurer | OfficerTrustee | 35 | $0 |
Keith Harper Board Member | Trustee | 2.5 | $0 |
Daniela Kaisth Board Memeber | Trustee | 2.5 | $0 |
Divya Khosla Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,107,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,179,305 |
| Total Program Service Revenue | $0 |
| Investment income | $659 |
| 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 | $2,179,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,500 |
| 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. | $123,959 |
| Compensation of current officers, directors, key employees. | $20,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $444,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,249 |
| Payroll taxes | $46,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,845 |
| Fees for services: Accounting | $17,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,308 |
| Advertising and promotion | $0 |
| Office expenses | $9,185 |
| Information technology | $5,902 |
| Royalties | $0 |
| Occupancy | $14,777 |
| Travel | $21,575 |
| 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 | $280 |
| Insurance | $565 |
| All other expenses | $0 |
| Total functional expenses | $1,372,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $655,902 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $516,166 |
| 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 | $3,629 |
| Net Land, buildings, and equipment | $3,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,952 |
| Total assets | $1,231,850 |
| Accounts payable and accrued expenses | $50,965 |
| 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 | $49,804 |
| Total liabilities | $100,769 |
| Net assets without donor restrictions | $204,021 |
| Net assets with donor restrictions | $927,060 |
| 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 | $1,231,850 |