Inheiritance Project Ltd is located in New York, NY. 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, Inheiritance Project Ltd employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inheiritance Project Ltd 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, Inheiritance Project Ltd generated $443.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $385.8k 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
THE IN[HEIR]ITANCE PROJECT CREATES SPACE FOR COMMUNITIES TO NAVIGATE CHALLENGING CIVIC CONVERSATIONS THROUGH COLLABORATIVE THEATER PROJECTS INSPIRED BY INHERITED TEXTS, TRADITIONS, CULTURES, CUSTOMS, AND BELIEFS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INHERITANCE THEATER PROJECT IS A NATIONAL ARTS ORGANIZATION THAT WORKS WITH INTERSECTIONAL, INTERGENERATIONAL, AND INTERFAITH COMMUNITIES TO BUILD RELATIONSHIPS ACROSS SOCIETAL DIVIDES THROUGH COLLABORATIVE THEATER PROJECTS INSPIRED BY SHARED CULTURAL TOUCHSTONES. SINCE ITS FOUNDING IN 2015, THE COMPANY HAS EMPLOYED OVER 240 ARTISTS TO ENGAGE OVER 12,000 PEOPLE IN 16 CITIES IN THE CREATION OF ORIGINAL THEATER PIECES. IN FY 2023, WE UNDERTOOK TWO MAJOR PROJECTS. THEY ARE DESCRIBED BELOW:EXODUS: MEMPHISWE BEGAN WORK ON A PROJECT IN MEMPHIS IN PARTNERSHIP WITH THE NATIONAL CIVIL RIGHTS MUSEUM AT THE LORRAINE MOTEL (A SMITHSONIAN INSTITUTION) TO COMMEMORATE THE 55TH ANNIVERSARY OF DR. MARTIN LUTHER KING, JRS ASSASSINATION IN MEMPHIS ON APRIL 4, 1968. THIS PROJECT CONCLUDED ON APRIL 4, 2023 AFTER A SERIES OF 5 PERFORMANCES OVER 4 DAYS IN 3 DIFFERENT VENUES AROUND MEMPHIS. WHILE THE PROJECT STARTED IN THE FALL OF 2022, WE SPENT SIGNIFICANT TIME ON THE GROUND IN 2023, SPENDING MORE THAN 100 STAFF DAYS IN MEMPHIS.SELECTED HIGHLIGHTS? WE HELD A MATERIAL GENERATION WORKSHOP WITH 30 BLACK ARTISTS FROM AROUND MEMPHIS IN PARTNERSHIP WITH THE BLACK ARTIST ALLIANCE AND A TEXT STUDY WITH INTERFAITH CLERGY IN PARTNERSHIP WITH THE CHURCH HEALTH CENTER? WE HELD A MEMPHIS MUSICIANS MEET AND GREET AT LOCAL COMMUNITY CLIMBING GYM MEMPHIS ROX AND HELD WORKSHOPS WITH PUBLIC AND PRIVATE HIGH SCHOOL STUDENTS IN PARTNERSHIP WITH FACING HISTORY AND OURSELVES? WE FACILITATED A LUNCH THEATER WORKSHOP WITH SENIORS FROM 4 DIFFERENT SENIOR COMMUNITIES FROM AROUND MEMPHIS, HOSTED BY THE MEMPHIS CENTRAL LIBRARY AND THE MEMPHIS LIBRARY FOUNDATION IN PARTNERSHIP WITH CREATIVE AGING OF THE MID SOUTH? WE WORKED WITH THE FOLLOWING COMMUNITY PARTNERS THROUGHOUT THE PROCESS: BETH SHOLOM SYNAGOGUEBICKFORD OASIS SENIOR CENTER BLACK CLERGY COLLABORATIVE BRIDGES USACAZATEATRO CHURCH HEALTH THE COOLERCREATIVE AGING OF THE MID SOUTH CROSSTOWN HIGH SCHOOLFACING HISTORY & OURSELVES HATTILOO THEATREJ.K. LEWIS SENIOR CENTER LIMIT BREAKER CHURCHMEMPHIS JEWISH COMMUNITY CENTER MEMPHIS JEWISH FEDERATIONMEMPHIS LIBRARY FOUNDATION MEMPHIS PUBLIC INTEREST LAW CENTER MEMPHIS PUBLIC LIBRARIESMEMPHIS ROXNATIONAL CIVIL RIGHTS MUSEUM ORPHEUM THEATREPLOUGH TOWERSROCK DEVELOPMENT CORPS SAINT MARY'S EPISCOPAL SCHOOL TEMPLE ISRAELTREZEVANT MANORWHITE STATION HIGH SCHOOLAGAHOZO SHALOM YOUTH VILLAGE IN RWANDAEACH YEAR, THE AGAHOZO-SHALOM YOUTH VILLAGE (ASYV) PROVIDES OVER 500 ORPHANED AND VULNERABLE RWANDAN YOUTH WITH THE SECONDARY SCHOOL EDUCATION, MEDICAL AND MENTAL HEALTH SERVICES, EXTRACURRICULAR ACTIVITIES, AND LOVING FAMILY ENVIRONMENT THEY NEED TO HEAL FROM PAST TRAUMAS, ACCESS HIGHER EDUCATION AND EMPLOYMENT OPPORTUNITIES, AND BUILD A BRIGHTER FUTURE FOR THEMSELVES AND THEIR COMMUNITIES.IN PARTNERSHIP WITH ASYV, ITP EMBARKED ON ITS FIRST INTERNATIONAL PROJECT, COLLABORATING WITH STUDENTS AND STAFF AT THE VILLAGE TO CREATE A BRAND NEW PIECE OF THEATER THAT FOCUSED ON EXPLORING THE WAYS COLLECTIVE CREATIVITY HAS THE POWER TO BUILD RELATIONSHIPS AND COMMUNITY. THE WORKSHOPS MIRRORED THE VALUES OF ASYV BY FOCUSING ON HOW ART CAN BE UTILIZED FOR EQUITY, CONFIDENCE, AND HEALING AND HELPED PARTICIPANTS HONE THEIR PUBLIC SPEAKING AND STORYTELLING SKILLS AND BUILD CONFIDENCE COMMUNICATING IN ENGLISH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jonathan Ross Executive Dir. | Trustee | 40 | $46,875 |
Robert Brown Board Chair | OfficerTrustee | 4 | $0 |
Tamar Newberger Vice-Chair | OfficerTrustee | 2 | $0 |
Aimee Weiss Board Member | Trustee | 2 | $0 |
Megan Whitman Secretary | Trustee | 1 | $0 |
Gavin Berger Board Member | Trustee | 1 | $0 |
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 | $409,556 |
Noncash contributions included in lines 1a–1f | $5,100 |
Total Revenue from Contributions, Gifts, Grants & Similar | $409,556 |
Total Program Service Revenue | $29,436 |
Investment income | $3 |
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 | $443,495 |
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. | $46,875 |
Compensation of current officers, directors, key employees. | $7,031 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $159,090 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,056 |
Payroll taxes | $13,604 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $69,992 |
Advertising and promotion | $459 |
Office expenses | $5,471 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $49,297 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $8,679 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,593 |
All other expenses | $3,623 |
Total functional expenses | $385,784 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $18,615 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $145,288 |
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 | $3,709 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $100 |
Total assets | $167,712 |
Accounts payable and accrued expenses | $15,034 |
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 | $53,196 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $28,125 |
Total liabilities | $96,355 |
Net assets without donor restrictions | -$71,614 |
Net assets with donor restrictions | $142,971 |
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 | $167,712 |