The Laundromat Project Inc is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Laundromat Project Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laundromat Project 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, Laundromat Project Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 23.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LAUNDROMAT PROJECT ADVANCES ARTISTS AND NEIGHBORS AS CHANGE AGENTS IN THEIR OWN COMMUNITIES THROUGH ARTIST RESIDENCIES, FELLOWSHIPS, AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANCHOR NEIGHBORHOOD - THE ORGANIZATION OPERATES A THRIVING COMMUNITY HUB WITH WORKSHOPS, PUBLIC PROGRAMS, AND OTHER ARTS PROGRAMMING FOR ARTISTS, NEIGHBORS, AND COMMUNITY PARTNERS IN THE HEART OF CENTRAL BROOKLYN.
CREATE CHANGE ARTIST DEVELOPMENT - INCLUDES AN ARTIST RESIDENCY THAT COMMISSIONS 3-5 ARTISTS A YEAR TO CREATE PUBLIC ART PROJECTS IN LOCAL COMMUNITY SPACES ACROSS NEW YORK CITY. IT ALSO INCLUDES A PROFESSIONAL DEVELOPMENT PROGRAM THAT SUPPORTS UP TO 15 ARTISTS A YEAR IN DEEPENING THEIR SOCIALLY-ENGAGED CREATIVE PRACTIVE.
OTHER PROGRAM SERVICES: THESE EXPENSES RELATED TO THE GENERAL PROGRAMMING EXPENSES THAT HELP SUPPLEMENT THE ORGANIZATION'S KEY PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Olukemi Ilesanmi Executive Director | Officer | 40 | $107,970 |
Rasu Jilani Board Member | Trustee | 1 | $0 |
Naomi Beckwith Board Member | Trustee | 1 | $0 |
Susan Delvalle Board Member | Trustee | 1 | $0 |
Ashima Aggarwal Board Member | Trustee | 1 | $0 |
Kevin Rabsatt Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $227,362 |
All other contributions, gifts, grants, and similar amounts not included above | $4,918,217 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,145,579 |
Total Program Service Revenue | $12,525 |
Investment income | $3,544 |
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 | $1,953 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,175,800 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $231,500 |
Grants and other assistance to domestic individuals. | $104,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $199,089 |
Compensation of current officers, directors, key employees. | $20,155 |
Compensation to disqualified persons | $614,933 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $97,592 |
Payroll taxes | $61,138 |
Fees for services: Management | $199,017 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $86,021 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,067 |
Office expenses | $32,197 |
Information technology | $12,892 |
Royalties | $0 |
Occupancy | $77,670 |
Travel | $0 |
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 | $16,129 |
Insurance | $6,390 |
All other expenses | $158,908 |
Total functional expenses | $1,954,593 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $49,037 |
Savings and temporary cash investments | $4,674,508 |
Pledges and grants receivable | $1,779,505 |
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 | $18,587 |
Prepaid expenses and deferred charges | $15,334 |
Net Land, buildings, and equipment | $168,172 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $36,000 |
Total assets | $6,741,143 |
Accounts payable and accrued expenses | $83,423 |
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 | $5,979 |
Total liabilities | $89,402 |
Net assets without donor restrictions | $4,072,324 |
Net assets with donor restrictions | $2,579,417 |
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 | $6,741,143 |
Over the last fiscal year, The Laundromat Project Inc has awarded $215,000 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: See Part IV | $105,000 |
STEPHANIE JOHNSON LLC PURPOSE: See Part IV | $70,000 |
LITERARY FREEDOM PROJECT PURPOSE: See Part IV | $10,000 |
Brooklyn, NY PURPOSE: See Part IV | $10,000 |
New York, NY PURPOSE: See Part IV | $10,000 |
Brooklyn, NY PURPOSE: See Part IV | $10,000 |
Over the last fiscal year, we have identified 3 grants that The Laundromat Project Inc has recieved totaling $128,832.
Awarding Organization | Amount |
---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT MAPPING OF NEW YORK CITY'S BLACK, INDIGENOUS, PEOPLE OF COLOR LED AND SERVING CULTURAL ENTITIES, A COLLABORATION WITH HESTER STREET AND MUSEUM HUE | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,832 |
Robert Rauschenberg Foundation New York, NY PURPOSE: 2-YEAR GRANT FOR CAPITAL PROJECT TO COMPLETE FIRST SEMI-PERMANENT SPACE FOR STAFF AND COMMUNITY | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |