Art Resources Transfer Inc
- Assets
- $322.1k
- Revenue
- $639.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1988
- Data as of
- 12/2021
- EIN
- 95-4124438
Organization Overview
Art Resources Transfer Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, 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. Art Resources Transfer 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, Art Resources Transfer Inc generated $639.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $514.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PUBLICATIONS TO VARIOUS UNDERSERVED PUBLIC LIBRARIES REQUIRING AND NEEDING BOOKS AND OTHER WRITTEN WORKS RELATED TO THE ARTS. IN 2020, THE DUC RECEIVED 353 ORDERS FROM UNDER-SERVED PUBLIC SCHOOLS AND LIBRARIES IN ALL FIFTY STATES. THE PROGRAM DISTRIBUTED OVER 24,095 BOOKS TOTALLING $323,729.
PUBLICATION OF ART BOOKS AND JOURNALS OF VARIOUS ARTISTS.
PROVIDING PUBLICATIONS TO VARIOUS UNDERSERVED PUBLIC LIBRARIES REQUIRING AND NEEDING BOOKS AND OTHER WRITTEN WORKS RELATED TO THE ARTS. IN 2020, THE DUC RECEIVED 353 ORDERS FROM UNDER-SERVED PUBLIC SCHOOLS AND LIBRARIES IN ALL FIFTY STATES. THE PROGRAM DISTRIBUTED OVER 24,095 BOOKS TOTALLING $323,729.
PUBLICATION OF ART BOOKS AND JOURNALS OF VARIOUS ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandro Cesarco Executive Dir. | 24 | $17,420 | |
Merrill Wagner Director | 1 | $0 | |
Yasmil Raymond Director | 1 | $0 | |
Joseph Miller-Gamble Director | 0 | $0 | |
Gabriel Perez-Barreiro Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $641,893 |
| Interest on Savings | $16 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $165 |
| Capital Gain Net Income | $165 |
| Net ST Capital Gain | $165 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$3,963 |
| Other Income | $934 |
| Total Revenue | $639,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,420 |
| Other employee salaries and wages | $14,846 |
| Pension plans, employee benefits | $3,186 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $7,639 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $464,149 |
| Total operating and administrative expenses | $514,751 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $514,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,169 |
| Savings and temporary cash investments | $140 |
| Net Accounts receivable | $8,872 |
| Net Pledges Receivable | $0 |
| Grants receivable | $35,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $16,404 |
| Prepaid expenses and deferred charges | $524 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,027 |
| Total assets | $322,136 |
| Accounts payable and accrued expenses | $4,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,870 |
| Total liabilities | $5,870 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Art Resources Transfer Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: (EXPENDITURE RESPONSIBILITY GRANT) DISTRIBUTION TO UNDERSERVED COMMUNITIES LIBRARY PROGRAM (OVER 2 YEARS) | $50,000 |
Robert Rauschenberg Foundation New York, NY PURPOSE: ARTIST COUNCIL GRANT IN SUPPORT OF GENERAL OPERATIONS | $20,000 |
Milton And Sally Avery Arts Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Property Management Inc Sidney Blanchard Elizabeth, NJ | $49,398,298 | $6,891,162 |
Culturetrust Greater Philadelphia Philadelphia, PA | $7,739,298 | $9,431,681 |
First Draft News Inc New York, NY | $1,848,129 | $1,946,147 |
Reinstitute Inc Stamford, CT | $1,122,632 | $2,425,415 |
Perkins Center For The Arts Moorestown, NJ | $1,258,666 | $1,432,700 |
House Foundation For The Arts Inc New York, NY | $629,706 | $1,012,293 |
New Jersey Theatre Alliance Allenhurst, NJ | $2,374,928 | $995,314 |
Connecticut Music Educators Assn Inc Cromwell, CT | $684,786 | $660,296 |
Art Resources Transfer Inc New York, NY | $322,136 | $639,045 |
We Have Stories New York, NY | $700 | $383,150 |
Buffalo Hispanic Management Company Inc Buffalo, NY | $4,257,121 | $408,967 |
Main St Pittsburgh, PA | $22,323 | $0 |