Performance Space 122 Inc
- Assets
- $1.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 59
- Location
- New York, NY
- Founding
- 10/1993
- Data as of
- 06/2022
- EIN
- 13-3522283
Organization Overview
Performance Space 122 Inc, operating under the name Performance Space New York, is located in New York, NY. The organization was established in 1993. As of 06/2022, Performance Space New York employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performance Space New York 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, Performance Space New York generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 1.9% 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
FOR OVER FOUR DECADES, PERFORMANCE SPACE NEW YORK HAS BEEN A HUB FOR CONTEMPORARY PERFORMANCE AND AN ACTIVE MEMBER OF THE CULTURAL COMMUNITY IN NEW YORK CITY AND THROUGHOUT THE WORLD. NURTURING AND ENCOURAGING CREATIVE RISK-TAKING IN THE PRESENTATON OF LIVE PERFORMANCE IS A HALLMARK OF PERFORMANCE SPACE NEW YORK'S ARTISTIC VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMISSIONING AND DEVELOPMENT:PERFORMANCE SPACE NEW YORK IS AN ARTIST-CENTRIC INSTITIUTION. OUR WORK STARTS WITH THE ARTIST, NOT THE PROJECT, ENSURING THE FREEDOM AND SECURITY NECESSARY FOR CREATIVE RISK-TAKING. ARTISTS ARE PROVIDED WITH MONETARY SUPPORT AND THE FULL RESOURCES OF THE ADMINISTRATIVE, MARKETING, FUNDRAISING, PRODUCTION AND PROGRAMMING STAFF.ARTIST RESIDENCIES:PERFORMANCE SPACE NEW YORK PROVIDES FREE REHEARSAL SPACE TO ARTISTS EACH SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxane Gay President | OfficerTrustee | 1 | $0 |
Suzanne Geiss Vice President | OfficerTrustee | 1 | $0 |
Kenneth Dale Treasurer | OfficerTrustee | 1 | $0 |
Debbie Millman Secretary | OfficerTrustee | 1 | $0 |
Kerstin Bratsch Board Member | Trustee | 1 | $0 |
Nicole Eisenman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,821 |
| Related organizations | $0 |
| Government grants | $394,823 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,247,560 |
| Noncash contributions included in lines 1a–1f | $20,118 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,858,204 |
| Total Program Service Revenue | $118,134 |
| Investment income | $2,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,981,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $170,754 |
| Compensation of current officers, directors, key employees. | $25,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $718,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,258 |
| Payroll taxes | $75,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $257,900 |
| Advertising and promotion | $114,106 |
| Office expenses | $20,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,463 |
| Travel | $52,352 |
| 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 | $63,026 |
| Insurance | $7,754 |
| All other expenses | $0 |
| Total functional expenses | $2,101,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,606 |
| Savings and temporary cash investments | $49,342 |
| Pledges and grants receivable | $687,954 |
| Accounts receivable, net | $493 |
| 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 | $23,436 |
| Net Land, buildings, and equipment | $87,939 |
| Investments—publicly traded securities | $283,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,473,192 |
| Accounts payable and accrued expenses | $141,044 |
| 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 | $0 |
| Total liabilities | $141,044 |
| Net assets without donor restrictions | $219,298 |
| Net assets with donor restrictions | $1,112,850 |
| 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 | $1,473,192 |