Ps 21 Inc
- Assets
- $11.0m
- Revenue
- $918.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Chatham, NY
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 14-1818409
Organization Overview
Ps 21 Inc is located in Chatham, NY. The organization was established in 2016. 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, Ps 21 Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ps 21 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, Ps 21 Inc generated $918.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 14.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATING AND ADMINISTRATIVE EXPENSES ON PART 1, LINE 24(D)INCLUDE FUNDS SPENT ON OFFERING PROFESSIONAL, AMATEUR AND STUDENT MUSIC AND DANCE PERFORMANCES, PROVIDING A UNIQUE OPPORTUNITY FOR THE COMMUITY TO HAVE INCREASED ACCESS TO THE ARTS. EFFECTIVE JANUARY 1, 2021 PS21 TERMINATED ITS PRIVATE FOUNDATION STATUS AND REQUESTED AN ADVANCE RULING PERIOD FROM THE INTERNAL REVENUE SERVICE THROUGH DECEMBER 31, 2025. WITH THE STATUS OF THE ADVANCE RULING PERIOD, PS21 IS QUALIFIED TO SOLICIT AND RECEIVE DONATIONS FROM PRIVATE FOUNDATIONS.
THE OPERATING AND ADMINISTRATIVE EXPENSES ON PART 1, LINE 24(D) INCLUDE FUNDS SPENT ON OPERATING A RESALE CLOTHING OUTLET, SELLING DONATED ITEMS TO GENERATE ADDITIONAL INCOME WHILE PROVIDING THE COMMUNITY WITH A CONVENIENT SITE AT WHICH TO VIEW PROGRAM INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Siyanko Executive Director | 40 | $87,370 | |
Kelly Mackerer Operations Director | 40 | $64,778 | |
Marcia Fardella Co-President | 5 | $0 | |
Marian Krauskopf Co-President | 5 | $0 | |
Deborah Lans Interim Treasurer | 5 | $0 | |
Susan Kramer Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arcon Construction & Management | 12/30/17 | $4,446,270 |
Evan Stoller Architecture | 12/30/17 | $159,041 |
Crawford & Associates | 12/30/17 | $88,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $603,672 |
| Interest on Savings | $146 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $99,206 |
| Other Income | $215,899 |
| Total Revenue | $918,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $291,775 |
| Pension plans, employee benefits | $33,742 |
| Interest | $0 |
| Taxes | $23,867 |
| Depreciation | $300,477 |
| Occupancy | $47,396 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $244,972 |
| Total operating and administrative expenses | $1,087,456 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,087,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,011 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $29,146 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,428 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $10,583,159 |
| Other assets | $83,398 |
| Total assets | $11,001,142 |
| Accounts payable and accrued expenses | $25,314 |
| Grants payable | $0 |
| Deferred revenue | $66,750 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,212,343 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,304,407 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Ps 21 Inc has recieved totaling $64,064.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,950 |
The Diamonstein Spielvogel Foundation Inc New York, NY PURPOSE: CHARITABLE | $10,000 |
Richenthal Foundation New York, NY PURPOSE: TO SUPPORT THE PRODUCTION OF SHE/HER | $10,000 |
Veillette-Nifosi Foundation Inc East Chatham, NY PURPOSE: ARTS | $10,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR VIRTUAL THEATRE ARTS | $7,614 |
Face Foundation New York, NY PURPOSE: ARTISTIC PROGRAM | $6,000 |
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 |