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Nonprofiteer
← BARYSHNIKOV ARTS CENTER INC

Form 990 for tax year 2024

Filed by BARYSHNIKOV ARTS CENTER INC.

Totals

Total revenue
$3,421,495
Total expenses
$3,653,986
Contributions and grants received
$2,207,320
Grants paid
$0
Program service revenue
$1,086,368
Investment income
$329,239
Other revenue
-$201,432
Total assets, end of year
$22,846,043
Total liabilities, end of year
$476,226
Net assets or fund balances, end of year
$22,369,817
Program services expenses (Part IX)
$2,745,280
Management and general expenses
$594,117
Fundraising expenses
$314,589
Program service expenses (Part III)
$2,745,280

Program services were 75.1% 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.

  • 1c · Fundraising events

    $546,945

  • 1e · Government grants (contributions)

    $110,000

  • 1f · All other contributions, gifts and grants

    $1,550,375

  • 1g · Noncash contributions included above

    $177,828

  • 2a · Program service revenue: RENTAL INCOME

    total $956,068 · related or exempt $956,068

  • 2b · Program service revenue: BOX OFFICE INCOME

    total $130,300 · related or exempt $130,300

  • 3 · Investment income

    total $212,863 · excluded $212,863

  • 7a · Gross sales of assets other than inventory

    securities $8,111,629

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

    securities $7,995,253

  • 7c · Gain or loss

    securities $116,376

  • 7d · Net gain or loss

    total $116,376 · excluded $116,376

  • 8a · Fundraising events: gross income

    $48,250

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

    $546,945

  • 8b · Fundraising events: direct expenses

    $249,682

  • 8c · Net income from fundraising events

    total -$201,432 · excluded -$201,432

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $256,574 · program services $153,944 · management and general $64,144 · fundraising $38,486

  • 7 · Other salaries and wages

    total $850,643 · program services $510,386 · management and general $212,661 · fundraising $127,596

  • 9 · Other employee benefits

    total $111,232 · program services $66,739 · management and general $27,808 · fundraising $16,685

  • 10 · Payroll taxes

    total $85,654 · program services $51,392 · management and general $21,414 · fundraising $12,848

  • 11c · Fees: accounting

    total $11,516 · program services $8,061 · management and general $1,152 · fundraising $2,303

  • 11f · Fees: investment management

    total $47,350 · management and general $47,350

  • 11g · Fees: other

    total $257,866 · program services $180,506 · management and general $25,787 · fundraising $51,573

  • 12 · Advertising and promotion

    total $2,240 · program services $2,240

  • 13 · Office expenses

    total $81,584 · program services $57,555 · management and general $19,222 · fundraising $4,807

  • 14 · Information technology

    total $21,307 · program services $17,045 · fundraising $4,262

  • 16 · Occupancy

    total $524,444 · program services $419,555 · management and general $79,124 · fundraising $25,765

  • 17 · Travel

    total $671 · program services $671

  • 20 · Interest

    total $3,001 · management and general $3,001

  • 22 · Depreciation, depletion and amortization

    total $477,631 · program services $382,103 · management and general $71,647 · fundraising $23,881

  • 23 · Insurance

    total $54,009 · program services $37,806 · management and general $12,962 · fundraising $3,241

  • 24a · Other expenses: PRODUCTIONS & RESIDENCIES

    total $621,763 · program services $621,763

  • 24b · Other expenses: ARTIST FEES

    total $216,003 · program services $216,003

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $15,710 · program services $12,568 · fundraising $3,142

  • 24d · Other expenses: STORAGE

    total $9,805 · program services $1,960 · management and general $7,845

  • 24e · All other expenses

    total $4,983 · program services $4,983

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,691 · end of year $2,106,021

  • 2 · Savings and temporary cash investments

    beginning of year $104,641 · end of year $190,486

  • 3 · Pledges and grants receivable

    beginning of year $2,695,000 · end of year $185,000

  • 4 · Accounts receivable

    beginning of year $33,459 · end of year $143,211

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,006 · end of year $38,129

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

    $19,198,265

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

    $8,353,027

  • 10c · Land, buildings and equipment, net

    beginning of year $11,320,900 · end of year $10,845,238

  • 11 · Investments: publicly traded securities

    beginning of year $5,911,408 · end of year $7,031,429

  • 15 · Other assets

    beginning of year $2,306,529 · end of year $2,306,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,605 · end of year $68,064

  • 19 · Deferred revenue

    beginning of year $117,615 · end of year $262,403

  • 24 · Unsecured notes and loans payable

    beginning of year $146,716 · end of year $145,759

  • 27 · Net assets without donor restrictions

    beginning of year $15,851,858 · end of year $16,832,377

  • 28 · Net assets with donor restrictions

    beginning of year $6,520,840 · end of year $5,537,440

Mission and programs · 2024

Mission

THE MISSION OF THE CENTER IS TO FOSTER AN INTEREST IN THE ARTS; TO ENCOURAGE THE DEVELOPMENT OF PERFORMERS, CHOREOGRAPHERS, DIRECTORS, WRITERS, COMPOSERS, AND DESIGNERS; AND TO ADVANCE THEIR COLLABORATION. IN 2005, THE ORGANIZATION OPENED THE BARYSHNIKOV ARTS CENTER AT 450 WEST 37TH STREET IN NEW YORK CITY. THE CENTER SERVES AS A CREATIVE LABORATORY, MEETING PLACE AND PERFORMING SPACE FOR ARTISTS FROM AROUND THE WORLD. PROGRAMS INCLUDE THE PRESENTATION OF PERFORMANCE WORKS, ARTIST RESIDENCIES, A SUBSIDIZED RENTAL PROGRAM AND AN EDUCATION PROGRAM.

Activities or mission (Part I)

THE CENTER WAS ESTABLISHED TO FOSTER AN INTEREST IN THE ARTS, ENCOURAGE THE DEVELOPMENT OF ARTISTS, AND ADVANCE THE ARTISTIC COLLABORATION.

  • BAC PRESENTS: THE ANNUAL PUBLIC PERFORMANCE SERIES, BAC PRESENTS, PROVIDES AN ARTISTICALLY, CULTURALLY, AND GEOGRAPHICALLY DIVERSE GROUP OF DANCE, THEATER, MUSIC, AND MULTIMEDIA ARTISTS WITH THE OPPORTUNITY TO PERFORM NEW WORK AND REACH NEW AUDIENCES. BAC PRESENTS HAS GIVEN MANY EMERGING ARTISTS THEIR WORLD OR NEW YORK PREMIERS, AS WELL AS PRESENTING ESTABLISHED ARTISTS ALREADY RENOWNED IN THEIR DISCIPLINES. ALL EVENTS ARE OPEN TO THE GENERAL PUBLIC,WITH AN AVERAGE TICKET PRICE OF 35. IN 2024, BAC HELD 1 DIGITAL AND 10 IN-PERSON PRESENTATIONS (37 LIVE PERFORMANCES). VIEWERSHIP WAS UP TO 3,070. BAC RESIDENCIES: BAC RESIDENCIES PROVIDE ARTISTS WITH THE SPACE AND RESOURCES NEEDED TO FACILITATE THE DEVELOPMENT OF NEW PROJECTS AND COLLABORATIONS. BAC RESIDENCIES PROVIDE ARTISTS WITH STUDIO SPACE FOR A THREE TO SIX WEEK PERIOD AND A STIPEND (ARTIST FEE). RESIDENT ARTISTS MAY PRESENT A WORK-IN- PROGRESS SHOWING, BUT ARE NOT REQUIRED TO DO SO. BAC PROVIDES TECHNICAL, ADMINISTRATIVE AND MARKETING SUPPORT, AS WELL AS INVITING ARTS PROFESSIONALS, JOURNALISTS, AND PEERS TO RESIDENCY SHOWINGS. BAC PROVIDES UP TO 20 RESIDENCIES ANNUALLY. BAC RENTALS: BAC PROVIDES AFFORDABLE REHEARSAL SPACE TO INDIVIDUAL ARTISTS AND COMPANIES THROUGH ITS SUBSIDIZED RENTAL PROGRAM. BAC'S SUBSIDIZED RATES START AT 10 PER HOUR. BAC ALSO PROVIDES REDUCED RATE RENTALS TO NON-PROFIT DANCE, MUSIC, THEATER, AND MULTI-MEDIA ARTISTS AND COMPANIES. BAC ALSO OFFERS MARKET RATE RENTALS TO COMMERCIAL ARTS GROUPS, WHO REHEARSE AND PRESENT THEIR WORK IN OUR SPACES. IN 2024, OVER 50 INDIVIDUAL ARTISTS AND COMPANIES RENTED SPACE IN OUR STUDIOS AND THEATERS. BAC EDUCATION: IN 2024, BAC STARTED AN EDUCATION PILOT PROGRAM WITH JUST ONE EVENT.

    Expenses $2,745,280 · Revenue $1,086,368

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dave S Hattem

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5
  • R Jarrett Lilien

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Steven Dupre

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5
  • Jamie Bishton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Frank Cordasco MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • William James Earle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Sandra Foschi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Jennifer Frautschi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Slavka B Glaser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Darryl Pinckney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Shelley Washington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Rebecca Goldring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Sandy Choi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5
  • Mikhail Baryshnikov

    CHAIR EMERIT

    Total calculated
    $56,207
    From this org
    $53,496
    From related orgs
    $0
    Other
    $2,711
    Hours/week
    40
  • Sonja Kostich

    EXECUTIVE DI

    Total calculated
    $200,367
    From this org
    $186,702
    From related orgs
    $0
    Other
    $13,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,702
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,665
    Nontaxable benefits
    not reported
    Filer's total
    $200,367
  • Richard Descherer

    DECEASED

    Total calculated
    $0
    Hours/week
    1.5
  • Steven Pesner

    RESIGNED 11/

    Total calculated
    $0
    Hours/week
    1.5
  • Millicent Powers

    RESIGNED 1/1

    Total calculated
    $0
    Hours/week
    1.5
  • Andrew Zobler

    RESIGNED 8/1

    Total calculated
    $0
    Hours/week
    1.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
28 April 2025
IRS schema version
2024v5.0
Source object
202501339349305640

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