Flux Factory Inc
- Assets
- $4.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Long Island City, NY
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 11-3506262
Organization Overview
Flux Factory Inc is located in Long Island City, NY. The organization was established in 1999. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Flux Factory Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flux Factory 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, Flux Factory Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $514.3k during the year ending 12/2021. While expenses have increased by 6.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE EMERGING ARTISTS THROUGH EXHIBITIONS, COMMISSIONS, RESIDENCIES, AND COLLABORATIVE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF EMERGING ARTISTS THROUGH EXHIBITIONS, COMMISSIONS AND COLLABORATIVE OPPORTUNITIES.
ARTIST RESIDENCY PROGRAM THAT PROVIDES WORKSPACE FOR ARTISTS WITHIN A SOCIALLY ENGAGING AND COLLABORATIVE ENVIRONMENT. APPROXIMATELY 40 ARTISTS ARE SERVED ANNUALLY WITH BOTH PRIVATE AND SHARED WORKSPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haiba Hamilton Treasurer | OfficerTrustee | $0 | |
Natalia Nakazawa Secretary | OfficerTrustee | $0 | |
Sarah Weitlauf Chair | OfficerTrustee | $0 | |
Jean Barberis Director | Trustee | $0 | |
Scott Hirst Director | Trustee | $0 | |
Mike Lawrence Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,146,890 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,429,080 |
| Total Program Service Revenue | $84,692 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,550,264 |
| 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 | $137,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,273 |
| 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 | $12,713 |
| Advertising and promotion | $8,714 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,507 |
| Travel | $16,379 |
| 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 | $14,984 |
| Insurance | $42,523 |
| All other expenses | $0 |
| Total functional expenses | $514,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,243 |
| Savings and temporary cash investments | $572,946 |
| Pledges and grants receivable | $100,950 |
| Accounts receivable, net | $18,187 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,035,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20 |
| Total assets | $4,783,619 |
| Accounts payable and accrued expenses | $0 |
| 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 | $527,115 |
| Total liabilities | $527,115 |
| Net assets without donor restrictions | $115,564 |
| Net assets with donor restrictions | $4,140,940 |
| 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 | $4,783,619 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Flux Factory Inc has recieved totaling $15,200.
| Awarding Organization | Amount |
|---|---|
Hyde And Watson Foundation Warren Township, NJ PURPOSE: HARD COSTS RELATED TO FACILITY RENOVATIONS AND PURCHASE OF EQUIPMENT. | $15,000 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD PURPOSE: MATCHING GIFT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |