Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,777,712

• 1e · Government grants (contributions)

  $1,863,847

• 1f · All other contributions, gifts and grants

  $524,345

• 1g · Noncash contributions included above

  $653,771

• 2a · Program service revenue: TUITION

  total $5,420,070 · related or exempt $5,420,070

• 2b · Program service revenue: EVENT RENTAL

  total $1,294,132 · related or exempt $1,294,132

• 2c · Program service revenue: MEMBERSHIP FEES

  total $203,724 · related or exempt $203,724

• 2d · Program service revenue: TICKET SALES

  total $167,115 · related or exempt $167,115

• 3 · Investment income

  total $234,422 · excluded $234,422

• 6a · Gross rents

  real property $1,212,338

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,212,338

• 6d · Net rental income or loss

  total $1,212,338 · excluded $1,212,338

• 7a · Gross sales of assets other than inventory

  securities $7,345,415

• 7b · Less cost or other basis and sales expenses

  securities $7,345,415

• 7c · Gain or loss

  securities $0

• 8a · Fundraising events: gross income

  $172,080

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

  $1,777,712

• 8b · Fundraising events: direct expenses

  $172,080

• 8c · Net income from fundraising events

  total $0

• 10a · Gross sales of inventory

  $81,789

• 10b · Cost of goods sold

  $46,642

• 10c · Net income from sales of inventory

  total $35,147 · excluded $35,147

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $155,872 · excluded $155,872

• 11b · Other revenue: CURRENCY GAIN

  total $690 · excluded $690

• 11e · Other revenue, total

  $156,562

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $578,040 · program services $486,417 · management and general $35,201 · fundraising $56,422

• 7 · Other salaries and wages

  total $5,257,600 · program services $4,525,669 · management and general $162,977 · fundraising $568,954

• 8 · Pension plan contributions

  total $70,292 · program services $54,996 · management and general $9,602 · fundraising $5,694

• 9 · Other employee benefits

  total $621,733 · program services $486,443 · management and general $84,926 · fundraising $50,364

• 10 · Payroll taxes

  total $395,614 · program services $309,528 · management and general $54,039 · fundraising $32,047

• 11b · Fees: legal

  total $28,504 · program services $21,245 · management and general $3,113 · fundraising $4,146

• 11c · Fees: accounting

  total $65,022 · program services $48,463 · management and general $7,101 · fundraising $9,458

• 11f · Fees: investment management

  total $552 · management and general $552

• 11g · Fees: other

  total $526,773 · program services $392,615 · management and general $57,531 · fundraising $76,627

• 12 · Advertising and promotion

  total $210,442 · program services $206,423 · management and general $1,247 · fundraising $2,772

• 13 · Office expenses

  total $699,690 · program services $582,573 · management and general $33,174 · fundraising $83,943

• 14 · Information technology

  total $210,310 · program services $184,954 · management and general $14,067 · fundraising $11,289

• 16 · Occupancy

  total $104,528 · program services $104,528

• 17 · Travel

  total $395,342 · program services $355,009 · management and general $5,604 · fundraising $34,729

• 20 · Interest

  total $812,677 · management and general $812,677

• 22 · Depreciation, depletion and amortization

  total $1,245,484 · program services $728,607 · management and general $498,194 · fundraising $18,683

• 23 · Insurance

  total $236,135 · program services $205,422 · management and general $16,543 · fundraising $14,170

• 24a · Other expenses: EQUIPMENT RENTAL AND MA

  total $746,089 · program services $665,831 · management and general $36,622 · fundraising $43,636

• 24b · Other expenses: RECEPTION AND CATERING

  total $569,375 · program services $226,393 · management and general $7,326 · fundraising $335,656

• 24c · Other expenses: PRODUCTION AND ATTRACTI

  total $248,336 · program services $157,130 · management and general $869 · fundraising $90,337

• 24d · Other expenses: ARTISTIC FEES

  total $243,821 · program services $233,756 · management and general $6 · fundraising $10,059

• 24e · All other expenses

  total $165,548 · program services $145,348 · management and general $7,620 · fundraising $12,580

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,561,220 · end of year $1,076,427

• 2 · Savings and temporary cash investments

  beginning of year $218,941 · end of year $3,953

• 3 · Pledges and grants receivable

  beginning of year $5,400,000 · end of year $1,033,771

• 4 · Accounts receivable

  beginning of year $436,165 · end of year $243,213

• 8 · Inventories for sale or use

  beginning of year $47,019 · end of year $47,691

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,811,971 · end of year $1,857,136

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

  $35,968,671

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

  $25,377,872

• 10c · Land, buildings and equipment, net

  beginning of year $11,647,143 · end of year $10,590,799

• 11 · Investments: publicly traded securities

  beginning of year $5,334,759 · end of year $10,757,865

• 12 · Investments: other securities

  end of year $2,055,715

• 15 · Other assets

  beginning of year $156,351 · end of year $902,090

• 17 · Accounts payable and accrued expenses

  beginning of year $1,523,089 · end of year $1,165,626

• 19 · Deferred revenue

  beginning of year $1,570,408 · end of year $1,549,192

• 23 · Secured mortgages and notes payable

  beginning of year $15,857,857 · end of year $15,952,620

• 25 · Other liabilities

  beginning of year $0 · end of year $786,383

• 27 · Net assets without donor restrictions

  beginning of year $136,449 · end of year $1,147,925

• 28 · Net assets with donor restrictions

  beginning of year $9,525,766 · end of year $7,966,914

The filer's explanations (Part III)

PART I, LINE 6

FIAF'S PRESIDENT IS ELIGIBLE TO RECEIVE EACH CALENDAR YEAR A PERFORMANCE-BASED BONUS AS DETERMINED BY THE BOARD BASED ON THE ACHIEVEMENT OF ESTABLISHED GOALS OF THE ORGANIZATION. EACH YEAR, THE PRESIDENT HAS CHOSEN TO DEFER HER BONUS.

PART I, LINE 7

FIAF PAYS DISCRETIONARY BONUSES TO CERTAIN EMPLOYEES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 22 EAST 60 LLC

  REAL ESTATE · DE · income $4,384,405 · assets $29,907,814

  Directly controlled by FIAF