Overview
What is The Tank Ltd?
The Tank Ltd, based in Manhattan, New York, is a nonprofit organization dedicated to supporting emerging artists. Established in 2003, it aims to eliminate economic barriers in the creation of new work for artists at the beginning of their careers or experimenting within their art form. The organization operates a two-theater home on 36th Street, providing free performance space, rehearsal space, promotional support, and artist fees to over 2,500 artists annually. With an inclusive and accessible approach, The Tank ensures affordable ticket prices, fostering a broad and diverse community engaged in various arts disciplines, including theater, comedy, dance, film, music, puppetry, and storytelling. Their programming, which includes over 1,000 performances each year, welcomes 36,000 audience members annually. The Tank's mission is to champion new ideas and forms of expression, serving as a platform for artists to launch their careers and experiment within their respective art forms.
Official website here: www.thetanknyc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67%, Two-Star out of Four Star rating.
The Tank Ltd has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are notable areas for improvement. The charity has a strong independent board, with 100% of its members being independent and a robust financial audit process in place. Furthermore, it allocates a significant portion of its budget to program expenses, showcasing a commitment to its mission.
However, the organization scores poorly in several areas related to accountability and transparency. The absence of a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes raises concerns about governance practices. Additionally, the lack of a posted tax form on its website could hinder public trust and accountability.
Overall, while The Tank Ltd shows promise through its governance structure and program expense ratio, significant gaps in policy and documentation may affect its credibility and operational effectiveness, warranting attention from both leadership and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Tank Ltd legitimate?
The Tank Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tank Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,302
For more financial information, click here
Official website here: www.thetanknyc.org
What is the mission statement of The Tank Ltd?
The Tank Ltd, a non-profit arts presenter, aims to support emerging artists by fostering an inclusive environment and eliminating economic barriers in the creation of new work. They provide free performance space, rehearsal spaces, promotional support, and artist fees to artists launching their careers or exploring new forms of expression across various disciplines such as theater, music, dance, comedy, film, and storytelling. The organization keeps ticket prices affordable, making the arts accessible to a broad and diverse community, positioning the arts within civic and socio-political discourse. The Tank serves over 2,500 artists annually, presents over 1,000 performances, and welcomes 36,000 audience members annually.
Official website here: www.thetanknyc.org
Who is the CEO of The Tank Ltd?
Justin Krebs is the President of The Tank Ltd.
Official website here: www.thetanknyc.org
What is the revenue of The Tank Ltd?
The Tank Ltd's revenue in 2022 was $1,186,485.
Official website here: www.thetanknyc.org
Who are the executives of The Tank Ltd and what are their salaries?
The average compensation at The Tank Ltd during 2022 was $12,221. There are 24 employees and 100 volunteers at The Tank Ltd.
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Official website here: www.thetanknyc.org
Where can I find the form 990 for The Tank Ltd?
The Tank Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thetanknyc.org
Learn more at the official website: www.thetanknyc.org
Mission Statement of The Tank Ltd
The Tank Ltd, a non-profit arts presenter, aims to foster an inclusive environment for emerging artists pursuing new ideas and forms of expression. Their mission is to eliminate economic barriers in the creation of new work for artists launching their careers or experimenting within their art form. The company offers free performance space, rehearsal space, promotional support, and artist fees at their two-theater home in Midtown Manhattan. The Tank serves over 2,500 artists annually, presenting over 1,000 performances and welcoming 36,000 audience members each year. They champion emerging artists engaged in the pursuit of new ideas and forms of expression, working across various disciplines such as theater, comedy, dance, film, music, puppetry, and storytelling. The organization keeps ticket prices affordable, aiming to make the arts accessible to a broad and diverse community, positioning itself within civic and sociopolitical discourse.
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Impact
July, 2024
The Tank Ltd has had a significant impact on the arts community in New York and beyond. By supporting over 3,045 emerging artists and hosting 517 performances that attracted over 10,372 audience members, The Tank Ltd has provided a platform for artists to showcase their work and reach a wider audience. They have also made the arts more accessible by offering affordable ticket prices and providing free performance and rehearsal space, promotional support, and artist fees. Through their inclusive and diverse programming in disciplines such as theater, music, dance, comedy, film, and storytelling, The Tank Ltd has played a crucial role in fostering a vibrant arts scene and encouraging artistic experimentation.
This information is meant to be a general summary of The Tank Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $209
- Program Service Revenue: $269,921
- Gross Receipts: $1,198,629
Assets and Liabilities:
- Total Assets: $636,537
- Total Liabilities: $298,025
- Net Assets: $338,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE INCOME
Revenue
$213,979
CO-PRODUCTION INCOME
Revenue
$29,633
FISCAL SPONSORSHIP FEE
Revenue
$26,309
Organization Details
Founding Year
2003
Phone
(212) 563-6269Principal Officer
Justin Krebs
Main Address
312 WEST 36TH ST 1ST FLOOR, NEW YORK, NY, 10018
Website
www.thetanknyc.orgNTEE Category
Code: A65 - Arts
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