Institute For Releasing Initiative
- Assets
- $16.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1998
- Data as of
- 12/2023
- EIN
- 41-1866168
Organization Overview
Institute For Releasing Initiative is located in Brooklyn, NY. The organization was established in 1998. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Releasing Initiative 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, Institute For Releasing Initiative generated $17.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $6.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO INSPIRE AND PROMOTE PROJECTS THAT COMBINE ART, SCIENCE, AN COMMUNITY INVOLVEMENT TO RESTORE, PRESERVE AND REMEDIATE WATER SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Damon Director | 20 | $0 | |
Lucy Blake-Elahi Vice President | 10 | $0 | |
Lonnie Feather Secretary | 10 | $0 | |
Danielle Milan Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,544 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,544 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,542 |
| Total expenses | $6,542 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,374 |
| Other assets | $0 |
| Total assets | $16,374 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,374 |