Innervision Theatre Arts Center Inc
- Assets
- $51.0k
- Revenue
- $216.9k
- Investments
- $0.0
- Employees
- 18
- Location
- Brooklyn, NY
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 26-3251674
Organization Overview
Innervision Theatre Arts Center Inc is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Innervision Theatre Arts Center Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innervision Theatre Arts Center 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 12/2023, Innervision Theatre Arts Center Inc generated $216.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $255.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE FACILITY AND LOGISTICAL COORDINATION THAT WOULD ALLOW FOR LOCAL DANCE INSTRUCTORS TO PROVIDE AFFORDABLE DANCE INSTRUCTION IN THE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ABLE TO SUCCESSFULLY PROVIDE THE PROMISED VENUE TO THE COMMUNITY THAT ENABLED AREA RESIDENTS OF ALL AGES TO GAIN EXPOSURE TO THE ARTS IN A VERY AFFORDABLE PRICE RANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nailah Flake-Brown Director | Trustee | 5 | $0 |
Margarette Flake Director | Trustee | 3 | $0 |
Andrea Blackwell Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $158,176 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,224 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,945 |
| 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. | $7,380 |
| Compensation of current officers, directors, key employees. | $7,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,637 |
| Advertising and promotion | $2,322 |
| Office expenses | $13,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,529 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,187 |
| Insurance | $9,050 |
| All other expenses | $0 |
| Total functional expenses | $255,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $41,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,028 |
| Accounts payable and accrued expenses | $35,140 |
| 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 | $615,691 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $650,831 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$599,803 |
| Total liabilities and net assets/fund balances | $51,028 |