Black Rock Arts Foundation Inc
- Assets
- $20.3k
- Revenue
- $967.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-3261699
Organization Overview
Black Rock Arts Foundation Inc is located in Brooklyn, NY. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Black Rock Arts Foundation 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, Black Rock Arts Foundation Inc generated $967.8k 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 (7.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
THE FOUNDATION SEEKS TO SUPPORT EMERGING ARTISTS AND DEVELOP AND SUPPORT INITIATIVES THAT CONNECT ARTISTS AND CREATIVE THINKERS THROUGHOUT THE WORLD WITH OPPORTUNITIES TO COLLABORATE, CREATE, AND LIVE IN LOCATIONS OF CULTURAL SIGNIFICANCE ON THE AFRICAN CONTINENT AND THROUGHOUT THE AFRICAN DIASPORA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID TO BLACK ROCK SENEGAL (BRS), A SENEGALESE ASSOCIATION (A FOREIGN CHARITABLE EQUIVALENT) BASED IN DAKAR SENEGAL. BRS IS A MULTIDISCIPLINARY ARTISTS-IN-RESIDENCE PROGRAM THAT BRINGS TOGETHER INTERNATIONAL ARTISTS TO LIVE AND WORK IN DAKAR, SENEGAL FOR ONE TO THREE MONTH STAYS. THE PROGRAM INVITES ARTISTS TO BUILD A NEW GLOBAL DISCOURSE ABOUT AFRICA THROUGH COLLABORATIONS WITH LOCAL ARTISTS AND ARTISANS AND HOSTING OPEN STUDIOS. DURING THEIR TIME IN RESIDENCE, ARTISTS TAKE LANGUAGE LESSONS IN FRENCH AND WOLOF, LEARN CONTEMPORARY AND ANCIENT TECHNIQUES ROOTED IN SENEGALESE TRADITIONS, AND TRAVEL WITHIN SENEGAL TO ATTEND EVENTS OF CULTURAL SIGNIFICANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kehinde Wiley President | OfficerTrustee | 20 | $0 |
Brian Jackson Secretary | OfficerTrustee | 3 | $0 |
Scott Andresen Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $447,986 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $524,783 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,769 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $967,769 |
| 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 | $907,938 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,780 |
| Fees for services: Accounting | $13,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,127 |
| Advertising and promotion | $5,704 |
| Office expenses | $2,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,518 |
| Total functional expenses | $1,094,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,318 |
| 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 | $0 |
| Total assets | $20,318 |
| 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 | $143,409 |
| Total liabilities | $143,409 |
| 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 | -$123,091 |
| Total liabilities and net assets/fund balances | $20,318 |