Art Council Inc
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Brooklyn, NY
- Founding
- 09/1998
- Data as of
- 09/2023
- EIN
- 91-1877238
Organization Overview
Art Council Inc is located in Brooklyn, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Art Council Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Council 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 09/2023, Art Council Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 16.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARTADIA IS A NATIONAL NON-PROFIT ORGANIZATION THAT SUPPORTS VISUAL ARTISTS WITHUNRESTRICTED, MERIT-BASED AWARDS AND FOSTERS CONNECTIONS TO A NETWORK OFOPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1997, ARTADIA IS A NONPROFIT GRANTMAKER AND NATIONWIDE COMMUNITY OF VISUAL ARTISTS, CURATORS, AND PATRONS. THE ORGANIZATION ANNUALLY IDENTIFIES ARTISTS WHOSE MERITSDEFINED AS A HIGH-LEVEL OF ARTISTIC EXCELLENCE, RIGOROUS PRACTICE, AND CLEAR ARTISTIC VOICE DEMONSTRATE THEYVE REACHED A PIVOTAL MOMENT IN THEIR PRACTICE. ARTADIA ELEVATES THE CAREERS OF THESE ARTISTS THROUGH A PROVEN COMBINATION OF RECOGNITION, GRANTMAKING, COMMUNITY SUPPORT, AND ADVOCACY. ARTADIA HAS TWO MAIN PROGRAMS:ARTADIA AWARDS:THE ARTADIA AWARD PROGRAM ENCOMPASSES SEVEN MAJOR U.S. CITIES: ATLANTA, BOSTON, CHICAGO, HOUSTON, LOS ANGELES, NEW YORK CITY, AND THE SAN FRANCISCO BAY AREA. THE AWARDS PROGRAM IDENTIFIES CULTURALLY UNDERREPRESENTED ARTISTS THROUGH A COMPETITIVE PROCESS THAT CONVENES A ROTATING COMMITTEE OF CURATORS AS JURORS, AND ANNUALLY SUPPORTS AT LEAST 22 VISUAL ARTISTS WITH $15,000 EACH IN UNRESTRICTED FUNDS. ARTADIA AWARDS SERVE VISUAL ARTISTS, WITH CONSIDERATION FOR THE SUPPORT THESE ARTISTS NEED TO THRIVE AND SUCCEED REGARDLESS OF BACKGROUNDIN A MORE JUST ARTS ECONOMY.ARTADIA NETWORK:LAUNCHED IN JANUARY 2021, THE ARTADIA NETWORK CONNECTS ARTISTS WITH ARTS PROFESSIONALS SO THEY CAN SUSTAIN THEIR THRIVING PRACTICES. THROUGH ONE-ON-ONEMEETINGS AND WORKSHOPS, THE NETWORK SUPPORTS ARTADIA AWARDEES BEYOND THE FINANCIAL,THROUGH DISCOURSE, CONNECTIVITY, AND RESOURCE-SHARING AROUND ARTISTIC PRACTICE,WAGE-EARNING SOLUTIONS, AND OTHER OPPORTUNITIES.ARTADIA ALSO ACTS AS A FISCAL SPONSOR GRANT-MAKING AGENT FOR A HOST OF ARTISTPROJECTS AND SPONSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Ramo Executive Director | 40 | $130,385 | |
Ian Alteveer Director | Trustee | 1 | $0 |
Susan Bridges Director | Trustee | 1 | $0 |
Nick Cave Director | Trustee | 1 | $0 |
Joelle Connolly Director | Trustee | 1 | $0 |
Aurele Danoff Pelaia Co-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,909 |
| Related organizations | $0 |
| Government grants | $162,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $868,927 |
| Noncash contributions included in lines 1a–1f | $2,762 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,729 |
| Total Program Service Revenue | $540,765 |
| Investment income | $17,200 |
| 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 | $1,740,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,383 |
| Grants and other assistance to domestic individuals. | $427,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,353 |
| Compensation of current officers, directors, key employees. | $21,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,335 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,919 |
| Payroll taxes | $31,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,401 |
| Advertising and promotion | $8,700 |
| Office expenses | $6,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,247 |
| Travel | $39,314 |
| 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 | $149 |
| Insurance | $5,832 |
| All other expenses | $49,435 |
| Total functional expenses | $1,488,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,837 |
| Savings and temporary cash investments | $884 |
| Pledges and grants receivable | $188,526 |
| 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 | $45,988 |
| Prepaid expenses and deferred charges | $16,937 |
| Net Land, buildings, and equipment | $2,539 |
| Investments—publicly traded securities | $1,005,085 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,080 |
| Total assets | $1,760,876 |
| Accounts payable and accrued expenses | $58,143 |
| 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 | $21,581 |
| Total liabilities | $79,724 |
| Net assets without donor restrictions | $1,403,063 |
| Net assets with donor restrictions | $278,089 |
| 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 | $1,760,876 |
Grants Awarded
Over the last fiscal year, Art Council Inc has awarded $282,294 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOR FREEDOMS FOUNDATION LLC PURPOSE: Educational Programs | $87,426 |
SKIN IN THE GAME PURPOSE: MUSEUM-STYLE EXHIBITION | $194,868 |