Rhizome Communications Inc
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1999
- Data as of
- 06/2022
- EIN
- 13-3995725
Organization Overview
Rhizome Communications Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Rhizome Communications 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 06/2022, Rhizome Communications 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 5.8% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 12.8% 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
TO PRESENT NEW MEDIA ART TO THE PUBLIC, FOSTER COMMUNICATION AND CRITICAL DIALOGUE ABOUT NEW ART, AND TO PRESERVE MEDIA ART FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EXPOSE THE PUBLIC TO WORKS OF BOTH EMERGING AND ESTABLISHED MEDIA ARTISTS, THROUGH A WEBSITE, EMAIL LISTS AND PROGRAM EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Pass President | OfficerTrustee | 1 | $0 |
Fred Benenson Vice Chair | OfficerTrustee | 1 | $0 |
Lisa Roumell Treasurer | OfficerTrustee | 1 | $0 |
Jk Brown Board Member | Trustee | 1 | $0 |
Renny Gleeson Board Member | Trustee | 1 | $0 |
William Palmer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,289 |
| Fundraising events | $90,812 |
| Related organizations | $0 |
| Government grants | $163,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,790,794 |
| Noncash contributions included in lines 1a–1f | $421,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,075,017 |
| Total Program Service Revenue | $65,964 |
| Investment income | $86 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,685 |
| Net Income from Fundraising Events | -$42,947 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,163,941 |
| 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. | $241,690 |
| Compensation of current officers, directors, key employees. | $19,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $267,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,558 |
| Payroll taxes | $40,537 |
| Fees for services: Management | $45,708 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,593 |
| Advertising and promotion | $5,420 |
| Office expenses | $2,254 |
| Information technology | $48,642 |
| Royalties | $0 |
| Occupancy | $4,717 |
| Travel | $29,665 |
| 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 | $2,452 |
| Insurance | $4,512 |
| All other expenses | $20,218 |
| Total functional expenses | $1,149,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,198 |
| Savings and temporary cash investments | $429,167 |
| Pledges and grants receivable | $620,108 |
| 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 | $4,735 |
| Net Land, buildings, and equipment | $9,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $46,078 |
| Other assets | $0 |
| Total assets | $1,209,872 |
| Accounts payable and accrued expenses | $19,041 |
| 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 | $85,673 |
| Total liabilities | $104,714 |
| Net assets without donor restrictions | $196,354 |
| Net assets with donor restrictions | $908,804 |
| 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 | $1,209,872 |