55 Mercer Street Artists Inc is located in Brooklyn, NY. The organization was established in 1989. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 55 Mercer Street Artists 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 05/2024, 55 Mercer Street Artists Inc generated $76.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $97.2k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ART SHOWS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Morriss President | 0 | $0 | |
Ed Rath Treasurer | 0 | $0 | |
Karen Gentile Vice President | 0 | $0 | |
Emily Stedman Secretary | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $76,894 |
| Investment income | $27 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11 |
| Total Revenue | $76,932 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $20,245 |
| Occupancy, rent, utilities, and maintenance | $75,839 |
| Printing, publications, postage, and shipping | $164 |
| Other expenses | $920 |
| Total expenses | $97,168 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,584 |
| Other assets | $0 |
| Total assets | $34,537 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,537 |