Black Artists & Designers Guild Inc
- Assets
- $317.3k
- Revenue
- $540.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Brooklyn, NY
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 83-3767873
Organization Overview
Black Artists & Designers Guild Inc is located in Brooklyn, NY. The organization was established in 2020. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., 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. Black Artists & Designers Guild 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 12/2021, Black Artists & Designers Guild Inc generated $540.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $593.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A GLOBAL PLATFORM SHOWCASING THE WORKS OF BLACK ARTISTS AND DESIGNERS OF THE AFRICAN DIASPORA WHO ARE PASSIONATE ABOUT CREATING ART, HOME FURNISHING, INTERIOR AND EXTERIOR SPACES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY HAS DEVELOPED A VAST DIRECTORY OF BLACK ARTISTS AND DESIGNERS FROM ACROSS THE COUNTRY SERVING AS A RESOURCE FOR THOSE LOOKING TO PARTNER WITH ARTISTS WITHIN THE DIASPORA.
THE COMPANY HAS DEVELOPED A VAST DIRECTORY OF BLACK ARTISTS AND DESIGNERS FROM ACROSS THE COUNTRY SERVING AS A RESOURCE FOR THOSE LOOKING TO PARTNER WITH ARTISTS WITHIN THE DIASPORA.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $514,618 |
| 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 | $540,588 |
| 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. | $36,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,754 |
| Fees for services: Management | $72,700 |
| Fees for services: Legal | $29,190 |
| Fees for services: Accounting | $4,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,357 |
| Advertising and promotion | $37,415 |
| Office expenses | $1,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,146 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $199,116 |
| Total functional expenses | $593,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,589 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,589 |
| Total assets | $317,338 |
| Accounts payable and accrued expenses | $22,843 |
| 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 | $9,122 |
| Total liabilities | $31,965 |
| Net assets without donor restrictions | $285,373 |
| 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 | $317,338 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Black Artists & Designers Guild Inc has recieved totaling $7,286.
| Awarding Organization | Amount |
|---|---|
Granite Foundation Mendota Heights, MN PURPOSE: FUNDRAISER DONATION | $4,761 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $2,500 |
Lazard Foundation New York, NY PURPOSE: UNRESTRICTED | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
American Friends Of Yagdil Torah Inc Lakewood, NJ | $434,654 | $3,850,627 |
International Society Of Aesthetic Plastic Surgery Mount Royal, NJ | $7,345,668 | $3,633,051 |