Works And Process Inc
- Assets
- $3.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 13-3592291
Organization Overview
Works And Process Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Works And Process Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Works And Process 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, Works And Process Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 1.4% 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 PROVIDE THE OPPORTUNITY FOR THE PUBLIC TO LEARN ABOUT THE CREATIVE PROCESS INVOLVED IN THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN WORKS AND PROCESS' SPRING 2021 SEASON, IT COMMISSIONED AND PRESENTED 14 LIVE, IN-PERSON EVENING PERFORMANCES IN THE ROTUNDA AT THE GUGGENHEIM MUSEUM FOR A TOTAL OF 1,400+ LIVE AUDIENCES, PLUS 34 POP-UP PERFORMANCES THROUGHOUT NYC FOR AN ESTIMATED 2,600 LIVE AUDIENCES. FROM JANUARY TO MARCH 2021, NINE NEW WORKS AND PROCESS ARTISTS VIRTUAL COMMISSIONS WITH 74 PERFORMING ARTISTS RECEIVED OVER 10,000 DIGITAL VIDEO VIEWS TO DATE ON WORKS AND PROCESSES' YOUTUBE CHANNEL. WORKS AND PROCESS' INDUSTRY-LEADING BUBBLE RESIDENCY PROGRAM BROUGHT TOGETHER SIX RESIDENCY CENTERS IN THE HUDSON VALLEY RESULTING IN 25 BUBBLE RESIDENCIES SUPPORTING 210 PERFORMING ARTISTS FROM AUGUST 2020 - JUNE 2021. IN FALL 2021, WORKS AND PROCESS LIVE PERFORMANCES OFFICIALLY RESUMED IN THE PETER B. LEWIS THEATRE AT THE GUGGENHEIM. THIS "RETURN TO REGULAR PROGRAMMING" LIVE SEASON INCLUDED A MIX OF NEW WORK PREVIEWS PRIOR TO THEIR PREMIERES FOR AN ESTIMATED 3,143 LIVE AUDIENCES. IN LATE FALL 2021, WORKS AND PROCESS KICKED OFF ITS NEXT PANDEMIC RECOVERY INITIATIVE WITH THE PILOT OF THE NEW PROGRAM, LAUNCHPAD "PROCESS AS DESTINATION", WHICH WILL SUPPORT PERFORMING ARTISTS THROUGH THEIR UNIQUE CREATIVE PROCESS BY KNITTING TOGETHER A REGION-WIDE NETWORK OF SEQUENCED AND MADE-TO-MEASURE FULLY FUNDED RESIDENCIES AND PUBLIC SHOWINGS OVER THE NEXT TWO YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duke Dang Executive Director | Officer | 40 | $142,500 |
Robert Mayer CFO | Officer | 10 | $12,000 |
Stuart Coleman Treasurer | OfficerTrustee | 1 | $0 |
Bart Friedman Chair | OfficerTrustee | 4 | $0 |
Caroline Cronson Secretary | OfficerTrustee | 40 | $0 |
Richard Armstrong Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $532,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,444,642 |
| Noncash contributions included in lines 1a–1f | $12,565 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,976,935 |
| Total Program Service Revenue | $157,228 |
| Investment income | $43,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,214,959 |
| 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. | $154,971 |
| Compensation of current officers, directors, key employees. | $7,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,030 |
| Payroll taxes | $14,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,000 |
| Fees for services: Other | $745,996 |
| Advertising and promotion | $23,395 |
| Office expenses | $5,756 |
| Information technology | $5,481 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $61,602 |
| 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 | $0 |
| Insurance | $9,439 |
| All other expenses | $21,379 |
| Total functional expenses | $1,414,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,200 |
| Savings and temporary cash investments | $1,269,677 |
| Pledges and grants receivable | $237,225 |
| Accounts receivable, net | $1,256 |
| 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 | $21,684 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,190,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,110,352 |
| Accounts payable and accrued expenses | $32,817 |
| 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 | $32,817 |
| Net assets without donor restrictions | $2,485,960 |
| Net assets with donor restrictions | $591,575 |
| 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 | $3,110,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Works And Process Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Charles And Joan Gross Family Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSES | $10,000 |
Endowment Analysis
| Beg. Balance | $336,424 |
| Earnings | $47,635 |
| Net Contributions | $806,250 |
| Ending Balance | $1,190,310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |