Five Myles Inc
- Assets
- $128.7k
- Revenue
- $201.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 13-4078810
Organization Overview
Five Myles Inc is located in New York, NY. The organization was established in 2000. 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 06/2022, Five Myles Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Five Myles 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, Five Myles Inc generated $201.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $214.1k during the year ending 06/2022. While expenses have increased by 9.6% 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
PROMOTE INTEREST IN INNOVATIVE ARTWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY22 FIVEMYLES ORGANIZED 19 SOLO AND GROUP EXHIBITIONS OF CONTEMPORARY ART IN THE 1,500 SQ. FT. MAIN GALLERY SPACE AND IN THE ADJACENT 120 SQ. FT. PLUS/SPACE. WE PRESENTED THE WORK OF 56 VISUAL ARTISTS, WHILE TAKING NECESSARY MEASURES TO KEEP BOTH THE PUBLIC AND OUR STAFF SAFE. FOR SIX DIFFERENT EXHIBITIONS, WE ORGANIZED ONLINE CONVERSATIONS WITH SPEAKERS FROM DIFFERENT FIELDS IN THE HUMANITIES, OFFERING THE PUBLIC A DIFFERENT LENSE TO CONNECT WITH THE WORK ON DISPLAY.WE ALSO RAN OUR SPACEPROGRAM, WHICH OFFERS OUR SPACE, FREE OF CHARGE, FOR LIVE PERFORMANCES IN A WIDE ARRAY OF DISCIPLINES. THE 37 SPACEPROGRAM EVENTS IN FY22 TOOK PLACE INSIDE THE GALLERY AND ON OUR WIDE SIDEWALK. THANKS TO THIS FLEXIBLE SETUP WE WERE ABLE TO PRESENT LIVE MUSIC, POETRY, SPOKEN WORD, AND DANCE PERFORMANCES BY 81 ARTISTS. IN TOTAL, A PHYSICAL AUDIENCE OF APPROXIMATELY 4580 PEOPLE ATTENDED FIVEMYLES PROGRAMS. ALL EVENTS AND EXHIBITIONS ARE FREE OF CHARGE FOR THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hanne Tierney Founder | OfficerTrustee | 36 | $39,288 |
Nicholas Constantakis Treasurer | Trustee | 2 | $0 |
Carl E Hazlewood Board Member | Trustee | 2 | $0 |
Allyson Spellacy Board Member | Trustee | 2 | $0 |
Kim Whitener President | Trustee | 2 | $0 |
Manuel Fernandez-Casteleiro Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,139 |
| Total Program Service Revenue | $3,550 |
| Investment income | $0 |
| 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 | $201,689 |
| 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. | $39,288 |
| Compensation of current officers, directors, key employees. | $1,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $723 |
| Payroll taxes | $9,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,612 |
| Office expenses | $0 |
| Information technology | $1,641 |
| Royalties | $0 |
| Occupancy | $18,903 |
| Travel | $0 |
| 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 | $2,980 |
| All other expenses | $20,943 |
| Total functional expenses | $214,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,660 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,740 |
| Accounts payable and accrued expenses | $7,260 |
| 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 | $1,403 |
| Total liabilities | $8,663 |
| Net assets without donor restrictions | $107,577 |
| Net assets with donor restrictions | $12,500 |
| 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 | $128,740 |