Polish Institute Of Arts & Sciences In America Inc
- Assets
- $2.5m
- Revenue
- $284.8k
- Investments
- $1.5m
- Employees
- 2
- Location
- New York, NY
- Founding
- 09/1949
- Data as of
- 12/2022
- EIN
- 13-1524778
Organization Overview
Polish Institute Of Arts & Sciences In America Inc is located in New York, NY. The organization was established in 1949. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Polish Institute Of Arts & Sciences In America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polish Institute Of Arts & Sciences In America 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 12/2022, Polish Institute Of Arts & Sciences In America Inc generated $284.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $306.8k during the year ending 12/2022. 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
PROVIDE EDUCATION ABOUT POLAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISH POLISH QUARTERLY REVIEW
LECTURES AND OTHER SCHOLARLY EVENTS
LIBRARY AND ARCHIVE SERVICES
ANNUAL MEETING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bozena Leven Executive Director | OfficerTrustee | 30 | $3,600 |
Krzysztof Bledowski Treasurer | OfficerTrustee | 5 | $0 |
Neal Pease Vice President | OfficerTrustee | 5 | $0 |
Renata C Vicrey Secretary | OfficerTrustee | 5 | $0 |
Robert Blobaum President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,687 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,532 |
| Total Program Service Revenue | $206,258 |
| Investment income | $42,036 |
| 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 | $284,826 |
| 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. | $3,600 |
| Compensation of current officers, directors, key employees. | $600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $517 |
| Fees for services: Other | $1,325 |
| Advertising and promotion | $36 |
| Office expenses | $3,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,463 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,371 |
| Insurance | $7,695 |
| All other expenses | $27,323 |
| Total functional expenses | $306,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,378 |
| Savings and temporary cash investments | $43,086 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $845,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,519,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $777 |
| Total assets | $2,464,779 |
| 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 | $105 |
| Total liabilities | $105 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,464,674 |
| Total liabilities and net assets/fund balances | $2,464,779 |