Nxthvn Inc
- Assets
- $17.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 5
- Location
- New Haven, CT
- Founding
- 07/2019
- Data as of
- 06/2021
- EIN
- 83-0601747
Organization Overview
Nxthvn Inc is located in New Haven, CT. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Nxthvn Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nxthvn 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 06/2021, Nxthvn Inc generated $3.7m in total revenue. All expenses for the organization totaled $1.7m during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF A SUSTAINABLE ART COMMUNITY IN NEW HAVEN, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN MAY, 2021, NXTHVN'S SECOND COHORT OF FELLOWS COMPLETED THEIR FELLOWSHIPS, WHICH BEGAN IN DECEMBER 2019 AND EXTENDED DUE TO THE CORONAVIRUS PANDEMIC. COHORT 2 FELLOWS STUDIO FELLOWS ENGAGED IN A COMPREHENSIVE YEAR-LONG FELLOWSHIP DESIGNED TO ACCELERATE THEIR CAREER BY PROVIDING DEDICATED STUDIO SPACE, STIPEND, RIGOROUS PROFESSIONAL LEARNING SESSIONS, AND AN EXPANDED NETWORK OF COLLECTORS, GALLERIES, AND INSTITUTIONS. THROUGHOUT THE YEAR, STUDIO FELLOWS PARTICIPATED IN WORKSHOPS AND SEMINARS THAT FOCUS ON PRACTICAL COMPONENTS OF SETTING UP AND MANAGING A SUSTAINABLE ART PRACTICE. STUDIO FELLOWS CULMINATED THEIR FELLOWSHIP WITH AN ACCLAIMED GROUP EXHIBITION AT THE COHAN GALLERY IN NEW YORK CITY IN JUNE 2021.CURATORIAL FELLOWS RECEIVE CO-WORKING SPACE AND A STIPEND THROUGHOUT THE FELLOWSHIP YEAR. IN ADDITION TO CO-CURATING AN EXHIBITION, THE CURATORIAL FELLOWS DEVELOPED ADVANCED SKILLS IN THE LOGISTICS AND CONCEPTS OF EXHIBITION-MAKING, ENHANCED PROFESSIONAL DEVELOPMENT AND MENTORSHIP SKILLS, AND FORMED NEW CREATIVE PARTNERSHIPS WITHIN THE ART COMMUNITIES AT YALE UNIVERSITY, AS WELL AS, IN NEW HAVEN AND NEW YORK CITY AT LARGE. CURATORIAL FELLOWS CONDUCTED RESEARCH AND WORKED CLOSELY WITH THE CURATORIAL ADVISOR AND ENGAGED IN A SERIES OF GROUP CRITIQUES, STUDIO VISITS AND WORKSHOPS WITH ART WORLD PROFESSIONALS AND PRODUCED AN EXHIBITION AT NXTHVN IN OCTOBER 2020. IN MARCH 2021, NXTHVN ANNOUNCED ITS THIRD COHORT OF FELLOWS, INCLUDING 7 STUDIO FELLOWS AND 2 CURATORIAL FELLOWS, SELECTED FROM OVER 325 INTERNATIONAL APPLICANTS. THROUGH NXTHVN'S CREATIVE YOUTH DEVELOPMENT INITIATIVE THE APPRENTICESHIP PROGRAM, ALL FELLOWS ENGAGED IN INTER-GENERATIONAL MENTORSHIP WITH NINE LOCAL, TALENTED HIGH SCHOOL STUDENTS. ALL FOUR GRADUATING APPRENTICES WENT ON TO FOUR-YEAR UNIVERSITIES. IN MARCH AND APRIL 2021, NXTHVN PARTNERED WITH COMMUNITY HEALTH CENTER AND PRODUCED COVID VACCINE CLINICS AT NXTHVN VACCINATING NEARLY 500 PEOPLE, INCLUDING ITS LOCAL NEIGHBORS.
IN MAY, 2021, NXTHVN'S SECOND COHORT OF FELLOWS COMPLETED THEIR FELLOWSHIPS, WHICH BEGAN IN DECEMBER 2019 AND EXTENDED DUE TO THE CORONAVIRUS PANDEMIC. COHORT 2 FELLOWS STUDIO FELLOWS ENGAGED IN A COMPREHENSIVE YEAR-LONG FELLOWSHIP DESIGNED TO ACCELERATE THEIR CAREER BY PROVIDING DEDICATED STUDIO SPACE, STIPEND, RIGOROUS PROFESSIONAL LEARNING SESSIONS, AND AN EXPANDED NETWORK OF COLLECTORS, GALLERIES, AND INSTITUTIONS. THROUGHOUT THE YEAR, STUDIO FELLOWS PARTICIPATED IN WORKSHOPS AND SEMINARS THAT FOCUS ON PRACTICAL COMPONENTS OF SETTING UP AND MANAGING A SUSTAINABLE ART PRACTICE. STUDIO FELLOWS CULMINATED THEIR FELLOWSHIP WITH AN ACCLAIMED GROUP EXHIBITION AT THE COHAN GALLERY IN NEW YORK CITY IN JUNE 2021.CURATORIAL FELLOWS RECEIVE CO-WORKING SPACE AND A STIPEND THROUGHOUT THE FELLOWSHIP YEAR. IN ADDITION TO CO-CURATING AN EXHIBITION, THE CURATORIAL FELLOWS DEVELOPED ADVANCED SKILLS IN THE LOGISTICS AND CONCEPTS OF EXHIBITION-MAKING, ENHANCED PROFESSIONAL DEVELOPMENT AND MENTORSHIP SKILLS, AND FORMED NEW CREATIVE PARTNERSHIPS WITHIN THE ART COMMUNITIES AT YALE UNIVERSITY, AS WELL AS, IN NEW HAVEN AND NEW YORK CITY AT LARGE. CURATORIAL FELLOWS CONDUCTED RESEARCH AND WORKED CLOSELY WITH THE CURATORIAL ADVISOR AND ENGAGED IN A SERIES OF GROUP CRITIQUES, STUDIO VISITS AND WORKSHOPS WITH ART WORLD PROFESSIONALS AND PRODUCED AN EXHIBITION AT NXTHVN IN OCTOBER 2020. IN MARCH 2021, NXTHVN ANNOUNCED ITS THIRD COHORT OF FELLOWS, INCLUDING 7 STUDIO FELLOWS AND 2 CURATORIAL FELLOWS, SELECTED FROM OVER 325 INTERNATIONAL APPLICANTS. THROUGH NXTHVN'S CREATIVE YOUTH DEVELOPMENT INITIATIVE THE APPRENTICESHIP PROGRAM, ALL FELLOWS ENGAGED IN INTER-GENERATIONAL MENTORSHIP WITH NINE LOCAL, TALENTED HIGH SCHOOL STUDENTS. ALL FOUR GRADUATING APPRENTICES WENT ON TO FOUR-YEAR UNIVERSITIES. IN MARCH AND APRIL 2021, NXTHVN PARTNERED WITH COMMUNITY HEALTH CENTER AND PRODUCED COVID VACCINE CLINICS AT NXTHVN VACCINATING NEARLY 500 PEOPLE, INCLUDING ITS LOCAL NEIGHBORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nico Wheadon Executive Director | Officer | 40 | $131,784 |
Titus Kaphar President | OfficerTrustee | 2 | $0 |
Bennet H Grutman Treasurer | OfficerTrustee | 1 | $0 |
Jason Price Chairman Of The Board | OfficerTrustee | 2 | $0 |
Jock Reynolds Director | Trustee | 1 | $0 |
Pamela Franks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,733,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,733,872 |
| Total Program Service Revenue | $4,228 |
| 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 | $3,738,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $194,638 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,119 |
| Compensation of current officers, directors, key employees. | $24,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,086 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,642 |
| Payroll taxes | $21,170 |
| Fees for services: Management | $227,195 |
| Fees for services: Legal | $25,876 |
| Fees for services: Accounting | $50,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,812 |
| Advertising and promotion | $51,699 |
| Office expenses | $80,119 |
| Information technology | $30,673 |
| Royalties | $0 |
| Occupancy | $116,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,972 |
| Interest | $162,057 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,216 |
| Insurance | $4,611 |
| All other expenses | $53,064 |
| Total functional expenses | $1,731,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,234,270 |
| Accounts receivable, net | $550 |
| 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 | $53,737 |
| Net Land, buildings, and equipment | $13,824,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,957 |
| Other assets | $2,080,643 |
| Total assets | $17,933,474 |
| Accounts payable and accrued expenses | $861,340 |
| 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 | $12,385,033 |
| Unsecured mortgages and notes payable | $28,797 |
| Other liabilities | $0 |
| Total liabilities | $13,275,170 |
| Net assets without donor restrictions | $2,914,546 |
| Net assets with donor restrictions | $1,743,758 |
| 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 | $17,933,474 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nxthvn Inc has recieved totaling $617,300.
| Awarding Organization | Amount |
|---|---|
Arison Arts Foundation Coral Gables, FL PURPOSE: GENERAL SUPPORT | $350,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $267,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |
The Katharine Hepburn Cultural Arts Center Inc Old Saybrook, CT | $3,859,540 | $4,355,262 |