The@residency is located in Kirkland, WA. 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 06/2022, The@residency employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. The@residency 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 06/2022, The@residency generated $584.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $447.2k during the year ending 06/2022. 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 RESIDENCY SEEKS TO BUILD A POWERFUL COMMUNITY OF YOUNG HIP-HOP ARTISTS EQUIPPED WITH THE ARTISTIC AND LEADERSHIP SKILLS, BUSINESS ACUMEN, AND MENTORSHIP NECESSARY TO BECOME PROFESSIONAL ARTISTS AND CULTURAL CHANGE MAKERS. THROUGH THEIR PARTICIPATION IN THE RESIDENCY, YOUNG ARTISTS FROM LOW-INCOME FAMILIES IN THE SEATTLE AREA ACQUIRE TANGIBLE ARTISTIC AND PROFESSIONAL SKILLS WHILE ALSO GAINING CONFIDENCE, TEAMWORK, AND A DEEPENED UNDERSTANDING OF THEIR OWN IDENTITY AND POWER.THE YEAR-ROUND PROGRAM INCLUDES A MONTH LONG INTENSIVE WORKSHOP WHERE UP TO 45 YOUNG PEOPLE PARTICIPATE IN EITHER A VOCAL OR PRODUCTION TRACK. DURING THE INTENSIVE, YOUTH WRITE ORIGINAL SONGS, RECORD IN A PROFESSIONAL STUDIO AND PERFORM IN FRONT OF HUNDREDS OF PEOPLE AT A PREMIERE SEATTLE VENUE. IN ADDITION TO MAKING, RECORDING AND PERFORMING THEIR MUSIC, THE YOUTH PARTICIPATE IN A NUMBER OF ENGAGING PANEL DISCUSSIONS WITH LEADERS IN THE NORTHWEST CREATIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTH LONG INTENSIVE WORKSHOP WHERE UP TO 45 YOUNG PEOPLE (AGES 16-24) PARTICIPATE IN EITHER A VOCAL OR PRODUCTION TRACK. DURING THE INTENSIVE, YOUTH WRITE ORIGINAL SONGS, RECORD IN A PROFESSIONAL STUDIO AND PERFORM IN FRONT OF HUNDREDS OF PEOPLE AT A PREMIERE SEATTLE VENUE. IN ADDITION TO MAKING, RECORDING AND PERFORMING THEIR MUSIC, THE YOUTH PARTICIPATE IN A NUMBER OF ENGAGING PANEL DISCUSSIONS WITH LEADERS IN THE NORTHWEST CREATIVE COMMUNITY. THE RESIDENCY EXISTS TO BREAK DOWN BARRIERS TO EQUITABLE ARTS LEARNING. WE CONTINUE TO CENTER BLACK, INDIGENOUS, & P.O.C IDENTIFYING YOUNG ARTISTS FROM LOW-INCOME FAMILIES TO HELP ACQUIRE TANGIBLE ARTISTIC AND PROFESSIONAL SKILLS WHILE ALSO GAINING CONFIDENCE, TEAMWORK, AND A DEEPENED UNDERSTANDING OF THEIR OWN IDENTITY AND POWER. IN AN EFFORT TO ADDRESS FINANCIAL DIFFICULTIES AND TO HONOR THEIR WORK AS ARTISTS, YOUTH PARTICIPANTS RECEIVE STIPENDS AT THE COMPLETION OF THE RESIDENCY. FURTHER, PARTICIPANTS RECEIVE SUBSIDIZED TRANSPORTATION AND MEALS THROUGHOUT THE RESIDENCY TO MINIMIZE POTENTIAL CHALLENGES TO FULL PARTICIPATION IN THE PROGRAM.
THE YEAR-ROUND PROGRAM INCLUDES PARTICIPATING IN PERFORMANCES IN FRONT OF HUNDREDS OF PEOPLE AT A PREMIERE SEATTLE VENUEA AND A NUMBER OF ENGAGING PANEL DISCUSSIONS WITH LEADERS IN THE NORTHWEST CREATIVE COMMUNITY.
IN RECENT YEARS, THE RESIDENCY HAS BUILT A REPUTATION FOR BEING AMONG THE NATION'S FINEST HIP-HOP MUSIC INSTITUTIONS. TO CONTINUE STRENGTHENING OUR COMMUNITY, WE BELIEVE IN PROVIDING OUR PARTICIPANTS WITH ACCESS TO HIGHER EDUCATION OPPORTUNITIES. FOR MANY OF THESE STUDENTS, HIGHER EDUCATION WOULD NOT BE POSSIBLE WITHOUT CONSIDERABLE FINANCIAL SUPPORT. IT IS THROUGH SCHOLARSHIPS THAT STUDENTS FROM FINANCIALLY DISADVANTAGED BACKGROUNDS ARE GIVEN THE CHANCE TO DEVELOP AS ARTISTS AND GAIN A SUPERIOR EDUCATION. THE GOAL OF THIS SCHOLARSHIP FUND IS TO CREATE A PIPELINE TO HIGHER EDUCATION FOR OUR ALUMNI AND BREAK DOWN THE BARRIERS THAT DENY THEM ACCESS TO BECOMING THE FUTURE LEADERS OF TOMORROW.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jonathan Cunningham President, Treasurer, Dire | OfficerTrustee | 5 | $0 |
Ben Secord Secretary, Director | OfficerTrustee | 40 | $0 |
Ben Haggerty Vice President, Director | OfficerTrustee | 1 | $0 |
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 | $358,685 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $358,685 |
Total Program Service Revenue | $226,560 |
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 | -$1,217 |
Miscellaneous Revenue | $0 |
Total Revenue | $584,028 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $9,238 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $230,844 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $6,296 |
Payroll taxes | $21,377 |
Fees for services: Management | $0 |
Fees for services: Legal | $822 |
Fees for services: Accounting | $26,984 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $20,478 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $29,976 |
Advertising and promotion | $3,059 |
Office expenses | $2,638 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $23,142 |
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 | $1,536 |
All other expenses | $11,712 |
Total functional expenses | $447,175 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $305,301 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $4,900 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $218 |
Inventories for sale or use | $4,620 |
Prepaid expenses and deferred charges | $8,738 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $323,777 |
Accounts payable and accrued expenses | $25,444 |
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 | $0 |
Total liabilities | $25,444 |
Net assets without donor restrictions | $282,225 |
Net assets with donor restrictions | $16,108 |
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 | $323,777 |