Russian Children Studio Of Language Arts And Culture Inc
- Assets
- $352.3k
- Revenue
- $622.2k
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-5056736
Organization Overview
Russian Children Studio Of Language Arts And Culture Inc is located in New York, NY. The organization was established in 2017. 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, Russian Children Studio Of Language Arts And Culture Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russian Children Studio Of Language Arts And Culture 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, Russian Children Studio Of Language Arts And Culture Inc generated $622.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $506.1k during the year ending 12/2022. While expenses have increased by 26.1% per year over the past 6 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
PROVIDING CHILDREN, WHO WISH TO LEARN ADN IMMERSE INTO RUSSIAN HERITAGE AND CULTURE, WITH RUSSIAN LANGUAGE,THEATHER,VISUAL ARTS,MATH,ARTS AND MUSIC ENRICHMENT PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF A CULTURAL HERITAGE IN THE FAMILY REQUIRES A LARGE AMOUNT OF TIME, ENERGY AND FINANCES. THE MISSION OF RUSSIAN CHILDREN STUDIO IS AIMED TO CULTIVATE RUSSIAN CULTURE AND LANGUAGE AMONG FAMILIES OF MANHATTAN AND MOST IMPORTANTLY PROVIDE AFFORDABLE ENRICHMENT CLASSES FOR THEIR CHILDREN. ENRICHMENT CLASSES FOR CHILDREN IN MANHATTAN VARY BETWEEN $60 - $100 DOLLARS AN HOUR, WHILE WE OFFER A HIGH-QUALITY EDUCATION CLASSES FOR ONLY $35 AN HOUR. IN ADDITION TO VERY LOW PRICES WE OFFER A SERIES OF DIFFERENT COURSES IN RUSSIAN, SUCH AS MUSIC, ARTS, MATH, THEATER, LITERATURE PROJECTS AND OTHERS. OUR CURRICULUM IS CREATED FOR A VERSATILE CHILDS DEVELOPMENT, AS WE BELIEVE IT IS CRUCIAL FOR A CHILD TO EXPERIENCE CHANGE OF LEARNING ENVIRONMENT AND FIND JOY IN IT. A BIG PART OF OUR STUDENTS LIVES ARE ANNUAL WINTER AND SUMMER THEATER PERFORMANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alla Kovgan Officer | Officer | 7.5 | $0 |
Maria Bernshteyn Officer | Officer | 40 | $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 | $622,191 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $622,191 |
| 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. | $61,668 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,483 |
| Fees for services: Accounting | $4,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,063 |
| Advertising and promotion | $5,094 |
| Office expenses | $3,546 |
| Information technology | $2,445 |
| Royalties | $0 |
| Occupancy | $75,990 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,658 |
| All other expenses | $1,731 |
| Total functional expenses | $506,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,527 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,745 |
| Total assets | $352,272 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,090 |
| Total liabilities | $4,090 |
| 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 | $348,182 |
| Total liabilities and net assets/fund balances | $352,272 |