Performance Space 122 Inc
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 54
- Location
- New York, NY
- Founding
- 10/1993
- Data as of
- 06/2021
- 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 06/2021, Performance Space New York employed 54 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 06/2021, Performance Space New York generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. 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
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 RESIDENCY FEES AND SPACE FOR SEVERAL ARTISTS THROUGHOUT THE YEAR. RESIDENCIES INCLUDE BOTH TECHNICAL AND ADMINISTRATIVE SUPPORT FOR ARTISTS' GOALS FOR THE CREATION OF THEIR WORK. RESIDENCIES OFTEN CONCLUDE WITH A PUBLIC SHOWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Schlenzka Zanardi Executive Artistic Director | Officer | 40 | $153,780 |
Patricia Hertling Deputy Director | 40 | $103,567 | |
Suzanne Geiss President | OfficerTrustee | 1 | $0 |
Kaneza Schaal Vice President | OfficerTrustee | 1 | $0 |
Kenneth Dale Treasurer | OfficerTrustee | 1 | $0 |
Debbie Millman Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,276 |
| Related organizations | $0 |
| Government grants | $616,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $852,972 |
| Noncash contributions included in lines 1a–1f | $58,014 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,593,726 |
| Total Program Service Revenue | $3,099 |
| Investment income | $552 |
| 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 | $1,599,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $170,004 |
| Compensation of current officers, directors, key employees. | $25,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,819 |
| Payroll taxes | $49,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $102,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,913 |
| Advertising and promotion | $21,641 |
| Office expenses | $17,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,954 |
| Travel | $42,267 |
| 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 | $57,913 |
| Insurance | $7,767 |
| All other expenses | $7,500 |
| Total functional expenses | $1,591,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,846 |
| Savings and temporary cash investments | $151,290 |
| Pledges and grants receivable | $760,345 |
| Accounts receivable, net | $193,869 |
| 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 | $40,085 |
| Net Land, buildings, and equipment | $138,620 |
| Investments—publicly traded securities | $160,654 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,843,709 |
| Accounts payable and accrued expenses | $169,528 |
| Grants payable | $0 |
| Deferred revenue | $21,796 |
| 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 | $175,127 |
| Other liabilities | $0 |
| Total liabilities | $366,451 |
| Net assets without donor restrictions | $223,187 |
| Net assets with donor restrictions | $1,254,071 |
| 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 | $1,843,709 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Performance Space 122 Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Jill And William Steinberg Family Foundation Wilmington, DE PURPOSE: DEREK LLOYD PRODUCTION FELLOWSHIP SCHOLARSHIP FUND | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New 42nd Street Inc New York, NY | $46,201,671 | $18,353,998 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Toledo Museum Of Art Toledo, OH | $363,312,718 | $18,709,059 |
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Us India Friendship Alliance Inc New York, NY | $3,250,782 | $21,813,031 |
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
Editorial Projects In Education Inc Bethesda, MD | $35,486,255 | $21,641,400 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |