Freaks Action Network Inc
- Assets
- $58.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Valley Stream, NY
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-2460369
Organization Overview
Freaks Action Network Inc is located in Valley Stream, NY. The organization was established in 2019. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Freaks Action Network 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 12/2021, Freaks Action Network Inc generated $67.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $64.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATIONS PURPOSE IS TO PROVIDE SUPPORT TO PUBLICLY ORGANIZED AND REGISTERED 501(C)(3) CHARITIES,
Describe the Organization's Program Activity:
Part 3
ORGANIZATION SUPPORTS REGISTERED AND ORGANIZED 501(C)3 CHARITIES.
ORGANIZATION RAISED CONTRIBUTIONS TO SUPPORT MUSICIANS AND THE MUSIC INDUSTRY DURING THE FEDERALLY DECLARED COVID DISASTER. THE PROGRAM WAS PUBLICLY ADVERTISTED AND ALL GRANTS WERE REVIEWED BY THE BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kerstein Officer | 5 | $0 | |
Aaron Stein Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,207 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,251 |
| 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 | $225 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $132 |
| Other expenses | $7,372 |
| Total expenses | $64,554 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,742 |
| Other assets | $0 |
| Total assets | $58,742 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,742 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Freaks Action Network Inc has recieved totaling $21,377.
| Awarding Organization | Amount |
|---|---|
Gerald L Lennard Foundation Inc Wilmington, DE PURPOSE: LIVE MUSIC PRODUCTION SUPPORT FUND | $10,000 |
Gerald L Lennard Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Platt Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |
Slomo And Cindy Silvian Foundation Inc Melville, NY | $39,807,745 | $2,244,473 |
American Theatre Wing Inc New York, NY | $14,927,414 | $2,894,134 |