Brooklyn Arts Exchange Inc
- Assets
- $1.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 50
- Location
- Brooklyn, NY
- Founding
- 09/1991
- Data as of
- 06/2022
- EIN
- 11-3071458
Organization Overview
Brooklyn Arts Exchange Inc is located in Brooklyn, NY. The organization was established in 1991. 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 06/2022, Brooklyn Arts Exchange Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Arts Exchange 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 06/2022, Brooklyn Arts Exchange Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BAX/BROOKLYN ARTS EXCHANGE IS A MULTIGENERATIONAL ARTS ORGANIZATION NURTURING CREATIVE EXPRESSION AND ARTISTIC PROCESS THROUGH EDUCATION, RESIDENCIES, AND PERFORMANCE AT THE INTERSECTION OF ARTS AND SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAX SUPPORTS THE CREATION OF NEW WORK BY EMERGING ARTISTS, CULTIVATE DIVERSE AUDIENCES, AND PROVIDES ACCESIBLE, INTERACTIVE PROGRAMMING AND PUBLIC SCHOOL RESIDENCIES TO SERVE NEARLY 10,000 NEW YORK CITY COMMUNITY MEMBERS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Gilmour Executive Director | Officer | 40 | $98,323 |
Vanessa Adato Senior Director Of Finance & Administration | Officer | 40 | $78,753 |
George Emilio Sanchez Chair | OfficerTrustee | 1 | $5,000 |
Leslie Weber Treasurer | OfficerTrustee | 1 | $0 |
Amy Sumner Secretary | OfficerTrustee | 1 | $0 |
Jane Holzka PHD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,278 |
| Related organizations | $0 |
| Government grants | $1,089,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $574,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,666,951 |
| Total Program Service Revenue | $460,098 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $175,966 |
| 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 | $2,331,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $41,401 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,914 |
| Compensation of current officers, directors, key employees. | $77,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $734,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,396 |
| Payroll taxes | $71,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,529 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,626 |
| Advertising and promotion | $8,728 |
| Office expenses | $19,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $333,581 |
| Travel | $237 |
| 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 | $5,140 |
| Insurance | $9,144 |
| All other expenses | $43,787 |
| Total functional expenses | $1,682,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,690 |
| Savings and temporary cash investments | $224,983 |
| Pledges and grants receivable | $246,615 |
| Accounts receivable, net | $8,891 |
| 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 | $3,281 |
| Net Land, buildings, and equipment | $39,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,000 |
| Total assets | $1,051,450 |
| Accounts payable and accrued expenses | $64,510 |
| Grants payable | $0 |
| Deferred revenue | $57,239 |
| 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 | $279,432 |
| Total liabilities | $401,181 |
| Net assets without donor restrictions | $416,269 |
| Net assets with donor restrictions | $234,000 |
| 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 | $1,051,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brooklyn Arts Exchange Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $500 |
Endowment Analysis
| Beg. Balance | $17,324 |
| Earnings | $323 |
| Other Expense | $17,647 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |