Form 990 for tax year 2022

Filed by AS 220.

Totals

Total revenue: $2,090,397
Total expenses: $3,101,274
Contributions and grants received: $833,066
Grants paid: $0
Program service revenue: $1,251,649
Investment income: $5,682
Other revenue: $0
Total assets, end of year: $15,158,776
Total liabilities, end of year: $3,489,700
Net assets or fund balances, end of year: $11,669,076
Program services expenses (Part IX): $2,306,731
Management and general expenses: $595,705
Fundraising expenses: $198,838
Program service expenses (Part III): $2,306,731

Program services were 74.4% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$110,833
1f · All other contributions, gifts and grants

$722,233
1g · Noncash contributions included above

$0
2a · Program service revenue: AS220 Youth & Related

total $522,658 · related or exempt $522,658 · unrelated business $0 · excluded $0
2b · Program service revenue: Live Work & Related

total $335,263 · related or exempt $128,755 · unrelated business $206,508 · excluded $0
2c · Program service revenue: Ticket Sales

total $90,142 · related or exempt $90,142 · unrelated business $0 · excluded $0
2d · Program service revenue: Educational Workshops

total $49,704 · related or exempt $49,704 · unrelated business $0 · excluded $0
2e · Program service revenue: Gallery & Artwork Sales

total $23,843 · related or exempt $23,843 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $230,039 · related or exempt $23,039 · unrelated business $0 · excluded $0
3 · Investment income

total $5,682 · related or exempt $0 · unrelated business $0 · excluded $5,682
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $150,521 · program services $90,166 · management and general $35,503 · fundraising $24,852
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $1,295,811 · program services $1,079,604 · management and general $77,174 · fundraising $139,033
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $197,053 · program services $169,651 · management and general $16,755 · fundraising $10,647
10 · Payroll taxes

total $132,650 · program services $103,151 · management and general $14,595 · fundraising $14,904
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $28,138 · program services $28,083 · management and general $0 · fundraising $55
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $54,061 · program services $47,586 · management and general $3,998 · fundraising $2,477
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $213,448 · program services $162,878 · management and general $48,770 · fundraising $1,800
17 · Travel

total $15,847 · program services $15,847 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $55,216 · program services $22,101 · management and general $33,115 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $251,154 · program services $212,297 · management and general $38,857 · fundraising $0
23 · Insurance

total $41,602 · program services $17,840 · management and general $23,762 · fundraising $0
24a · Other expenses: Artist Fees

total $290,094 · program services $289,844 · management and general $0 · fundraising $250
24b · Other expenses: Investment Losses

total $303,176 · program services $0 · management and general $303,176 · fundraising $0
24c · Other expenses: Program Supplies & Fees

total $72,503 · program services $67,683 · management and general $0 · fundraising $4,820
24d · Other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $160,619 · end of year $79,960
2 · Savings and temporary cash investments

beginning of year $61,208 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $723,851 · end of year $353,562
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $28,009 · end of year $31,162
10a · Land, buildings and equipment: cost or other basis

$6,568,324
10b · Land, buildings and equipment: accumulated depreciation

$2,638,392
10c · Land, buildings and equipment, net

beginning of year $4,064,787 · end of year $3,929,932
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $12,699,050 · end of year $10,757,243
14 · Intangible assets

beginning of year $7,571 · end of year $6,917
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $149,018 · end of year $150,465
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $4,092 · end of year $51,380
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $2,990,521 · end of year $3,028,375
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $272,880 · end of year $259,480
27 · Net assets without donor restrictions

beginning of year $14,004,052 · end of year $11,488,037
28 · Net assets with donor restrictions

beginning of year $324,532 · end of year $181,039

Mission and programs · 2022

Mission

We the people of Rhode Island associate ourselves for the purpose of providing a local forum and home for the arts through the maintenance of residential and work studios galleries performance and educational spaces. Exhibitions and performances in the forum will be unjuried uncensored and open to the general public. Our facilities and services are made available to all artists who need a place to exhibit perform or create their original artwork especially those who cannot obtain space to exhibit or perform from traditional sources because of financial or other limitations.

Activities or mission (Part I)

We envision a just & equitable world where all people can realize their full creative potential.

AS220 YOUTH works with young people aged 14-21 through 5 crews: fashion media arts music dance and visuals. AS220 Youth operates out of 3 primary locations: the Downtown Youth Studio in our Empire Street Complex; Nowell Academy a charter school focusing on pregnant and parenting teens; and the Rhode Island Training School the state's juvenile detention center where we have been working for over 25 years. This exposure to the arts taps into often-overlooked creative potential offering a powerful learning experience for young people. In FY2023 AS220 Youth fully returned to in-person programming running 53 ongoing classes and serving 303 young people including 73 Youth apprentices.

Expenses $764,537 · Revenue $512,781
LIVE ARTS & GALLERIES: We provide an unjuried uncensored all ages forum for the arts; every artist residing in Rhode Island has the opportunity to exhibit or perform their original work in our venues. AS220 presents an extraordinary range of activities and our unjuried and uncensored booking policy ensures that a limitless variety appears on our stages and on our walls. Live Arts venues include the Main Stage the Black Box and Psychic Readings and these venues host live music theater dance performance art poetry slams film screenings late night programming fashion shows workshops festivals and more. While still recovering from the COVID-19 pandemic in fiscal year 2023 Live Arts presented over 250 performances with over 2,000 artists and attendance of over 10,000. The AS220 Galleries include the Main Gallery the Project Space the Reading Room the Resident Gallery and the Aborn Gallery and feature visual artists working in various mediums on a monthly rotating schedule. In fiscal year 2023 the galleries curated exhibitions featuring 220 visual artists including 116 first-time exhibitors with attendance of approximately 3,500. In the Aborn Gallery we also continued to intentionally curate timely exhibitions. This model is now being used to support artists and curators who otherwise would not have an opportunity to show work with a focus on projects that: engage with critical social issues relevant to and urgent in our community; present projects that bring new voices to the gallery and AS220 community; uplift artists at critical junctions in their career; and might be outside the traditional parameters of a gallery exhibition and or push against boundaries of the mainstream.

Expenses $381,834 · Revenue $136,026
LIVE WORK: AS220 owns and manages three mixed-use buildings in downtown Providence Rhode Island totaling approximately 100,000 sq. ft. We offer affordable housing and studio space for over 60 artists on the upper floors of each of our three downtown buildings including 47 live work studios and 8 work-only studios. Each of our buildings includes a mix of affordable residences artist studios and public AS220 programming. We also provide offices space for three other non-profit organizations and have 6 commercial tenants all of which are local one-of-a-kind businesses. Permanent affordable artist housing has been key to transforming downtown providence into a vibrant place to live and work over the past 30 years. Our tenants are also a core foundation of the AS220 community and have access to AS220 resources. They also help support the community through volunteer work.

Expenses $418,569 · Revenue $99,585

As filed on the 2022 return.

Listed in Part VII

Ashley Newmann

Co-Executive Director

Total calculated

$64,642

From this org

$42,800

From related orgs

$0

Other

$21,842

Hours/week

40
Shauna Duffy

Co-Executive Director

Total calculated

$57,185

From this org

$43,585

From related orgs

$0

Other

$13,600

Hours/week

40
Janella Watson

Chair

Total calculated

$0

Hours/week

2
Aarin Clemons

Vice Chair

Total calculated

$0

Hours/week

1
Michael Dupuis

Treasurer

Total calculated

$0

Hours/week

1
Caroline Mailloux

Secretary

Total calculated

$0

Hours/week

1
Savannah DaCruz

Director

Total calculated

$0

Hours/week

0.5
Becci Davis

Director till 1 23

Total calculated

$0

Hours/week

0.5
Lauren Faria

Director

Total calculated

$0

Hours/week

0.5
Felicia Megginson

Director

Total calculated

$0

Hours/week

0.5
Ashley Paniagua

Director

Total calculated

$0

Hours/week

0.5
Joshua Wynn

Director

Total calculated

$0

Hours/week

0.5

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Mercantile Block LLC

Investment · Real estate investment · RI · 0% owned · share of income -$75,033 · share of assets $5,311,144

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

AS220 GP Inc

C-Corporation · Property Management · RI · 100% owned · share of income -$141,460 · share of assets $4,148,920

Directly controlled by AS220
Mercantile Block Manager Inc

C-Corporation · Property Management · RI · 100% owned · share of income -$131,128 · share of assets $1,323,633

Directly controlled by AS220
AS220 Food & Drink LLC

C-Corporation · Bar & Restaurant · RI · 100% owned · share of income $44,445 · share of assets -$26,454

Directly controlled by AS220

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 May 2024
IRS schema version: 2022v5.0
Source object: 202441369349317629

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