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Nonprofiteer
← INTERNATIONAL STUDIO & CURATORIALPROGRAM INC

Form 990 for tax year 2023

Filed by INTERNATIONAL STUDIO & CURATORIALPROGRAM INC.

Totals

Total revenue
$1,720,971
Total expenses
$1,698,887
Contributions and grants received
$1,453,635
Grants paid
$0
Program service revenue
$0
Investment income
$7,417
Other revenue
$259,919
Total assets, end of year
$3,138,845
Total liabilities, end of year
$1,502,281
Net assets or fund balances, end of year
$1,636,564
Program services expenses (Part IX)
$1,194,174
Management and general expenses
$282,097
Fundraising expenses
$222,616
Program service expenses (Part III)
$1,194,174

Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $231,570

  • 1f · All other contributions, gifts and grants

    $1,222,065

  • 1g · Noncash contributions included above

    $3,940

  • 3 · Investment income

    total $7,417 · related or exempt $1,587 · excluded $5,830

  • 8a · Fundraising events: gross income

    $278,459

  • 8b · Fundraising events: direct expenses

    $59,149

  • 8c · Net income from fundraising events

    total $219,310

  • 11a · Other revenue: RENTAL INCOME

    total $39,767 · related or exempt $39,767

  • 11b · Other revenue: OTHER INCOME

    total $842 · related or exempt $842

  • 11e · Other revenue, total

    $40,609

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $122,532 · program services $55,532 · management and general $37,568 · fundraising $29,432

  • 7 · Other salaries and wages

    total $390,225 · program services $176,848 · management and general $119,644 · fundraising $93,733

  • 9 · Other employee benefits

    total $44,284 · program services $20,070 · management and general $13,577 · fundraising $10,637

  • 10 · Payroll taxes

    total $45,978 · program services $20,838 · management and general $14,097 · fundraising $11,043

  • 11c · Fees: accounting

    total $11,990 · program services $5,995 · management and general $3,597 · fundraising $2,398

  • 11d · Fees: lobbying

    total $60,000 · program services $30,000 · management and general $18,000 · fundraising $12,000

  • 11e · Fees: professional fundraising services

    total $34,000 · fundraising $34,000

  • 11g · Fees: other

    total $50,732 · program services $40,864 · management and general $5,921 · fundraising $3,947

  • 12 · Advertising and promotion

    total $9,667 · program services $9,047 · management and general $403 · fundraising $217

  • 13 · Office expenses

    total $20,598 · management and general $20,598

  • 14 · Information technology

    total $29,203 · program services $17,522 · management and general $7,593 · fundraising $4,088

  • 16 · Occupancy

    total $457,362 · program services $420,773 · management and general $23,783 · fundraising $12,806

  • 22 · Depreciation, depletion and amortization

    total $14,891 · program services $13,702 · management and general $775 · fundraising $414

  • 23 · Insurance

    total $27,069 · program services $16,617 · management and general $5,226 · fundraising $5,226

  • 24a · Other expenses: ARTISTS SUPPORT EXPENSES

    total $251,950 · program services $251,950

  • 24b · Other expenses: EXHIBITIONS & PUBLIC PROG

    total $65,052 · program services $65,052

  • 24c · Other expenses: UTILITIES

    total $44,672 · program services $41,098 · management and general $2,323 · fundraising $1,251

  • 24d · Other expenses: TELEPHONE

    total $8,408 · program services $4,339 · management and general $2,645 · fundraising $1,424

  • 24e · All other expenses

    total $10,274 · program services $3,927 · management and general $6,347

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,550 · end of year $108,717

  • 2 · Savings and temporary cash investments

    beginning of year $599,539 · end of year $287,211

  • 3 · Pledges and grants receivable

    beginning of year $598,683 · end of year $980,382

  • 4 · Accounts receivable

    beginning of year $3,379 · end of year $12,415

  • 8 · Inventories for sale or use

    beginning of year $188,503 · end of year $183,103

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,691 · end of year $8,144

  • 10a · Land, buildings and equipment: cost or other basis

    $724,719

  • 10b · Land, buildings and equipment: accumulated depreciation

    $622,253

  • 10c · Land, buildings and equipment, net

    beginning of year $75,651 · end of year $102,466

  • 11 · Investments: publicly traded securities

    beginning of year $2,991 · end of year $33,929

  • 15 · Other assets

    beginning of year $1,819,946 · end of year $1,422,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,852 · end of year $44,104

  • 25 · Other liabilities

    beginning of year $1,845,523 · end of year $1,458,177

  • 27 · Net assets without donor restrictions

    beginning of year $1,545,558 · end of year $1,636,564

Mission and programs · 2023

Mission

TO PROVIDE GRANTS AND STIPENDS TO AID AND ASSIST INDIVIDUAL, VISUAL AND OTHER ARTISTS AND CURATORS, BASED DOMESTICALLY AND INTERNATIONALLY, WHO ARE IN NEED, IN ORDER TO ENABLE THEM TO PURSUE AND ENHANCE THEIR ARTISTIC AND CURATORIAL WORK AND DEVELOPMENT.

  • TO PROVIDE GRANTS AND STIPENDS TO AID AND ASSIST INDIVIDUAL, VISUAL AND OTHER ARTISTS AND CURATORS, BASED DOMESTICALLY AND INTERNATIONALLY, WHO ARE IN NEED, IN ORDER TO ENABLE THEM TO PURSUE AND ENHANCE THEIR ARTISTIC AND CURATORIAL WORK AND DEVELOPMENT.

  • TO PROVIDE GRANTS AND STIPENDS TO AID AND ASSIST INDIVIDUAL, VISUAL AND OTHER ARTISTS AND CURATORS, BASED DOMESTICALLY AND INTERNATIONALLY, WHO ARE IN NEED, IN ORDER TO ENABLE THEM TO PURSUE AND ENHANCE THEIR ARTISTIC AND CURATORIAL WORK AND DEVELOPMENT.

    Expenses $1,194,174

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Hapgood

    EXECUTIVE DI

    Total calculated
    $122,532
    From this org
    $122,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Danny Baez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Courtney Willis Blair

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia L Brundage

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Yng-Ru Chen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dennis Elliott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Monica Espinel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karyn Issa Ginsberg Greenwald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Harrison

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Karp

    VP

    Total calculated
    $0
    Hours/week
    1

  • Manu Mohan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samar Maziad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sophie O Riese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lena Saltos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marjorie Welish

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Arthur Zegelbone

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 June 2024
IRS schema version
2023v6.0
Source object
202511619349300336

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