Overview
What is Building For The Arts Ny Inc?
Building for the Arts Ny Inc, located in New York City's Theatre District at 412 West 42nd Street, serves as an affordable and vibrant hub for various not-for-profit performing arts organizations. This nonprofit's primary mission is to expand access to the performing arts by offering creative spaces, educational opportunities, and platforms for artistic collaboration. By providing a multi-theatre complex known as Theatre Row, Building for the Arts Ny Inc supports diverse audiences and nurtures the growth of aspiring artists. With a team of 26 dedicated individuals, this organization plays a significant role in enriching the cultural landscape of New York City.
Official website here: www.bfany.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Building For The Arts NY Inc has earned a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score reflects the organization's strong performance in various governance and financial metrics, primarily focusing on its accountability & finance score, which is an impressive 96%.
The nonprofit boasts a fully independent board, with 92% of its members being independent and a total of 12 independent members contributing to its governance. Additionally, it has established comprehensive policies for audit oversight, conflict of interest, and whistleblower protections, all of which enhance its operational integrity. The organization manages its finances responsibly, as evidenced by a low liabilities to assets ratio of 5.07% and a program expense ratio of 82.97%, indicating that a significant portion of its expenditures is directed toward its mission.
Despite these strengths, the review does not highlight any specific limitations or areas needing improvement. Overall, Building For The Arts NY Inc demonstrates a solid commitment to transparency and responsible management, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Building For The Arts Ny Inc legitimate?
Building For The Arts Ny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building For The Arts Ny Inc 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: $608,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,744,366
For more financial information, click here
Official website here: www.bfany.org
What is the mission statement of Building For The Arts Ny Inc?
Building for the Arts Ny Inc's mission is centered around expanding access to the performing arts. They achieve this by offering creative spaces, learning opportunities, and serving as a hub for artistic connections. The organization operates Theatre Row, a multi-theatre complex in an unspecified city, providing an affordable home for not-for-profit performing arts organizations and catering to diverse audiences.
Official website here: www.bfany.org
Who is the CEO of Building For The Arts Ny Inc?
Ken Shillingford is the Chair of Building For The Arts Ny Inc.
Official website here: www.bfany.org
What is the revenue of Building For The Arts Ny Inc?
Building For The Arts Ny Inc's revenue in 2022 was $3,122,225.
Official website here: www.bfany.org
Who are the executives of Building For The Arts Ny Inc and what are their salaries?
The average compensation at Building For The Arts Ny Inc during 2022 was $90,500. There are 26 employees and 12 volunteers at Building For The Arts Ny Inc.
Here are 14 key members and their salaries:
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- Compensation: $167,407
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- Other: $52,304
- Compensation: $132,025
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- Other: $28,865
Official website here: www.bfany.org
Where can I find the form 990 for Building For The Arts Ny Inc?
Building For The Arts Ny Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bfany.org
Learn more at the official website: www.bfany.org
Mission Statement of Building For The Arts Ny Inc
Building for the Arts Ny Inc is committed to expanding access to the performing arts for a diverse audience. To achieve this, the organization provides creative space, learning opportunities, and serves as a hub for artistic connections. By operating Theatre Row, an off-Broadway multi-theatre complex in the heart of the theatre district in New York City, Building for the Arts Ny Inc offers an affordable home for not-for-profit performing arts organizations. This not only supports these organizations but also ensures that diverse audiences have access to a variety of performances. In doing so, Building for the Arts Ny Inc plays a crucial role in fostering artistic growth and connecting artists with their audiences.
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Impact
August, 2024
Building For The Arts NY Inc expands access to the performing arts by providing creative space, learning opportunities, and hubs for artistic connection. One significant way it accomplishes this mission is through operating Theatre Row, an off-Broadway multi-theatre complex in the heart of the theatre district in New York City. By offering affordable homes for not-for-profit performing arts organizations and serving as a lively, accessible venue for diverse audiences, Building For The Arts NY Inc contributes to community improvement by fostering cultural enrichment and theatrical engagement.
This information is meant to be a general summary of Building For The Arts Ny Inc. 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: -$710,278
- Program Service Revenue: $3,013,370
- Gross Receipts: $11,564,962
Assets and Liabilities:
- Total Assets: $27,835,368
- Total Liabilities: $1,413,145
- Net Assets: $26,422,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - PROP. MGMT
Revenue
$1,158,115
RENTAL INCOME - T-ROW
Revenue
$1,275,496
OTHER PROGRAM INCOME
Revenue
$579,759
Organization Details
Founding Year
1977
Phone
(212) 695-4242Principal Officer
Ken Shillingford
Main Address
412 WEST 42ND STREET, NEW YORK, NY, 10036
Website
www.bfany.orgNTEE Category
Code: S20 - Community improvement
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