Statement Arts Inc
- Assets
- $310.3k
- Revenue
- $390.7k
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 20-5198657
Organization Overview
Statement Arts Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Statement Arts Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Statement Arts 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 12/2022, Statement Arts Inc generated $390.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $338.0k during the year ending 12/2022. While expenses have increased by 21.0% per year over the past 8 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
STATEMENT ARTS BELIEVES IN THE POWER OF AN INTEGRATED ARTS EDUCATION TO CULTIVATE THE NEXT GENERATION OF LEADERS WHO CAN INSPIRE SOCIAL AND CULTURAL CHANGE. OUR HOLISTIC APPROACH SUPPORTS YOUNG PEOPLE AND OFFERS THE SPACE FOR THEM TO FIND THEIR VOICES AND ADD THEIR STATEMENTS TO THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
START DREAMING (SD)IS A YEAR-LONG PROGRAM FOR RISING HIGH SCHOOL SENIORS. IT BEGINS WITH A MONTH-LONG ARTS INTENSIVE THAT IMMERSES OUR PARTICIPANTS IN THE PERFORMING ARTS AND CULMINATES IN A FINAL PERFORMANCE. STUDENTS ENJOY MASTERCLASSES AND PRIVATE INSTRUCTION IN VOICE, DANCE AND ACTING, AND ENGAGE IN CREATIVE WRITING ACTIVITIES THAT BECOME THEIR COLLEGE ENTRANCE ESSAYS. IN SEPTEMBER, EACH PARTICIPANT IS ASSIGNED A MENTOR WHO WORKS CLOSELY WITH THE STUDENT AND THEIR FAMILY TO ASSIST WITH THE COMPLETION OF THEIR COLLEGE APPLICATIONS & FAFSA, KEEPS TRACK OF DETAILS, AND ENCOURAGES THEM ALONG THE WAY. WE ARE PROUD TO BOAST A 100% SUCCESS RATE OF GETTING OUR PARTICIPANTS INTO THEIR COLLEGE OF CHOICE, WITH MOST RECEIVING SUBSTANTIAL SCHOLARSHIPS.
START YOUNG (SY)IS A SUMMER CAMP THAT PROVIDES ITS PARTICIPANTS (GRADES 3-6 & 7-11) MUSICAL THEATER TRAINING INCLUDING CHOIR, DANCE/CHOREOGRAPHY, ACTING, AND SCRIPT/CREATIVE WRITING ABOUT ISSUES THAT MATTER TO THEM. WITH THE HELP OF PROFESSIONAL TEACHING ARTISTS, STUDENTS' WORK IS CRAFTED INTO AN ORIGINAL MINI-MUSICAL TO BE PERFORMED AT THE PROGRAM'S END. MANY SY PARTICIPANTS GROW UP WITH US AND ENTER OUR OTHER PROGRAM, SD, AFTER THEIR JUNIOR YEAR.
START DESIGN LAB OR SDL. SDL BEGAN DURING THE PANDEMIC AND PROVIDES START DREAMING ALUMNI WITH CONTINUED EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES INTENDED TO BRIDGE THE GAP BETWEEN COLLEGE EDUCATION AND PROFESSIONAL WORK EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aidan Davis Associate Director | Officer | 30 | $50,592 |
Jessie Lee Secretary | OfficerTrustee | 30 | $31,733 |
Ashley Garrett President | OfficerTrustee | 5 | $0 |
Liza Politi Treasurer | OfficerTrustee | 40 | $0 |
Keith Petrus Director | Trustee | 5 | $0 |
Marcus Richardson Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,138 |
| Total Program Service Revenue | $0 |
| 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 | $158,559 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,020 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,325 |
| Compensation of current officers, directors, key employees. | $12,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,653 |
| Office expenses | $11,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,494 |
| Travel | $5,752 |
| 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 | $2,802 |
| All other expenses | $28,779 |
| Total functional expenses | $337,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,827 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,280 |
| 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 | $1,207 |
| 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 | $310,314 |
| Accounts payable and accrued expenses | $8,425 |
| 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 | $8,425 |
| Net assets without donor restrictions | $253,997 |
| Net assets with donor restrictions | $47,892 |
| 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 | $310,314 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Statement Arts Inc has recieved totaling $47,704.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $26,667 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,832 |
Morgan Stanley Foundation Inc New York, NY PURPOSE: VOLUNTEER INCENTIVE PROGRAM | $5,000 |
Janet And Earl Seekins Family Foundation Bend, OR PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $4,500 |
Linda Sue Pfarrer Nortillo Charitable Foundation Vero Beach, FL PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $2,500 |
Loyce & Annette Turner Foundation Inc Valdosta, GA PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |