New Urban Arts
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Providence, RI
- Founding
- 10/1998
- Data as of
- 06/2021
- EIN
- 05-0498654
Organization Overview
New Urban Arts is located in Providence, RI. The organization was established in 1998. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, New Urban Arts employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Urban Arts 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, New Urban Arts generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $901.9k during the year ending 06/2021. While expenses have increased by 9.1% 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
EDUCATIONAL ARTS RELATED PROGRAMS FOR TEENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE DEVELOPMENT OF LOW-INCOME PROVIDENCE TEENAGERS THROUGH FREE AFTERSCHOOL AND SUMMER PROGRAMS, INCLUDING ARTS EDUCATION, MENTORING, LEADERSHIP TRAINING, POSTSECONDARY ADVISING, AND UNJUDGED ART SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Laurenzo Secretary | OfficerTrustee | 1 | $0 |
Lois Harada Chair | OfficerTrustee | 1 | $0 |
Corey Fontes Treasurer | OfficerTrustee | 1 | $0 |
Marcela Betancur Vice Chair | OfficerTrustee | 1 | $0 |
Daniel F Schleifer Executive Director | Officer | 40 | $0 |
Rodney Eric Lopez Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $396,827 |
| All other contributions, gifts, grants, and similar amounts not included above | $740,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,137,018 |
| Total Program Service Revenue | $23,522 |
| Investment income | $12,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,170,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,333 |
| 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 | $536,328 |
| Pension plan accruals and contributions | $19,844 |
| Other employee benefits | $47,128 |
| Payroll taxes | $46,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,298 |
| Advertising and promotion | $2,714 |
| Office expenses | $15,855 |
| Information technology | $6,656 |
| Royalties | $0 |
| Occupancy | $16,083 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,527 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,169 |
| Insurance | $20,201 |
| All other expenses | $0 |
| Total functional expenses | $901,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,299 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $12,616 |
| Net Land, buildings, and equipment | $1,147,875 |
| Investments—publicly traded securities | $382,800 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,061,442 |
| Accounts payable and accrued expenses | $69,380 |
| 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 | $99,102 |
| Other liabilities | $0 |
| Total liabilities | $168,482 |
| Net assets without donor restrictions | $1,563,970 |
| Net assets with donor restrictions | $328,990 |
| 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 | $2,061,442 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Urban Arts has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
H T Ewald Foundation West Bloomfield, MI PURPOSE: CHARITABLE | $8,000 |
Endowment Analysis
| Beg. Balance | $25,700 |
| Ending Balance | $25,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Stadium Theatre Foundation Woonsocket, RI | $8,192,971 | $3,878,181 |
As 220 Providence, RI | $18,007,342 | $2,188,031 |
Boston Childrens Chorus Inc Boston, MA | $1,453,896 | $2,102,653 |
Payomet Truro, MA | $1,243,227 | $1,608,583 |
Center For Arts In Natick Natick, MA | $3,038,106 | $1,772,213 |
Express Yourself Inc Beverly, MA | $613,404 | $966,516 |
New Urban Arts Providence, RI | $2,061,442 | $1,170,839 |
Arts Foundation Of Cape Cod Hyannis, MA | $1,128,124 | $830,455 |
Broadway Method Academy Corporation Fairfield, CT | $143,495 | $636,269 |
M M A S Inc Mansfield, MA | $3,885,707 | $887,053 |
410 South Main Street Title Holding Company Inc Providence, RI | $2,483,731 | $386,403 |