The Tank Ltd
- Assets
- $485.5k
- Revenue
- $763.6k
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 03/2005
- Data as of
- 06/2021
- EIN
- 01-0798319
Organization Overview
The Tank Ltd is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Tank Ltd employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tank Ltd 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 06/2021, Tank Ltd generated $763.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $830.5k during the year ending 06/2021. While expenses have increased by 11.3% per year over the past 6 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED OVER 2,074 EMERGING ARTISTS IN 12 PERFORMANCES TO 14,370 AUDIENCE MEMBERS. PERFORMANCES WERE HELD VIRTUALLY VIA OUR ONLINE PLATFORM CYBERTANK WITH IN-PERSON PERFORMANCES RESUMING IN MAY 2021 WITH OPENAIRTANK, OUR OUTDOOR PERFORMANCE PROGRAM, AND AT THE TANKS SPACE ON 36TH STREET ON JUNE 15, 2021.
SUPPORTED OVER 2,074 EMERGING ARTISTS IN 12 PERFORMANCES TO 14,370 AUDIENCE MEMBERS. PERFORMANCES WERE HELD VIRTUALLY VIA OUR ONLINE PLATFORM CYBERTANK WITH IN-PERSON PERFORMANCES RESUMING IN MAY 2021 WITH OPENAIRTANK, OUR OUTDOOR PERFORMANCE PROGRAM, AND AT THE TANKS SPACE ON 36TH STREET ON JUNE 15, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Krebs President | OfficerTrustee | 3 | $0 |
Mike Rosenthal Secretary | OfficerTrustee | 3 | $0 |
Patrick Rousseau Treasurer | OfficerTrustee | 3 | $0 |
Jill Rousseau Trustee | Trustee | 3 | $0 |
Stephane Samuel Trustee | Trustee | 3 | $0 |
Jj Lind Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $522,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,173 |
| Noncash contributions included in lines 1a–1f | $73,173 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $625,997 |
| Total Program Service Revenue | $136,630 |
| Investment income | $1,022 |
| 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 | $763,649 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,718 |
| Advertising and promotion | $5,299 |
| Office expenses | $5,365 |
| Information technology | $1,844 |
| Royalties | $0 |
| Occupancy | $247,254 |
| Travel | $3,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,201 |
| All other expenses | $0 |
| Total functional expenses | $830,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,801 |
| Accounts receivable, net | $10,055 |
| 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 | $16,375 |
| Net Land, buildings, and equipment | $5,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,362 |
| Total assets | $485,523 |
| Accounts payable and accrued expenses | $76,197 |
| Grants payable | $53,972 |
| 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 | $133,830 |
| Total liabilities | $263,999 |
| Net assets without donor restrictions | $52,662 |
| Net assets with donor restrictions | $168,862 |
| 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 | $485,523 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that The Tank Ltd has recieved totaling $1,383,239.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE COMPLETION, PRODUCTION, AND TOURING OF "IPHIGENIA" A NEW OPERA BY WAYNE SHORTER AND ESPERANZA SPALDING | $350,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT ANTHONY ROTH COSTANZO'S CREATIVE ARC, A PROJECT DESIGNED TO SUPPORT HIS CREATIVE PRACTICE AS WELL AS A MENTORSHIP PROGRAM FOR EMERGING ARTISTS BUILDING PRACTICES THAT TRANSCEND INSTITUTIONAL WALLS | $150,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT PROGRAMMING FOR THE SOAPBOX PRESENTS PROJECT | $150,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT DEVELOPMENT OF VIDEO PORTALS ALONG WITH RELATED PUBLIC EVENTS AND COMMUNITY DIALOGUES FOR THE ZENZILE PROJECT | $150,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - CONSULTANTS | $115,000 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |