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Nonprofiteer
← CAVE ORGANIZATION INC

Form 990 for tax year 2023

Filed by CAVE ORGANIZATION INC.

Totals

Total revenue
$2,662,216
Total expenses
$404,329
Contributions and grants received
$2,577,906
Grants paid
$0
Program service revenue
$57,290
Investment income
$26,598
Other revenue
$422
Total assets, end of year
$2,577,675
Total liabilities, end of year
$209,874
Net assets or fund balances, end of year
$2,367,801
Program services expenses (Part IX)
$291,350
Management and general expenses
$109,525
Fundraising expenses
$3,454
Program service expenses (Part III)
$291,350

Program services were 72.1% 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.

  • 1b · Membership dues

    $291

  • 1e · Government grants (contributions)

    $154,440

  • 1f · All other contributions, gifts and grants

    $2,423,175

  • 2a · Program service revenue: Performance fees

    total $52,575 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Workshop/Tuition

    total $3,655 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Ticket sales

    total $1,060 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $26,598 · unrelated business $0 · excluded $26,598

  • 10a · Gross sales of inventory

    $422

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $422 · related or exempt $422

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $74,874 · program services $59,689 · management and general $14,244 · fundraising $941

  • 7 · Other salaries and wages

    total $25,833 · program services $16,932 · management and general $8,037 · fundraising $864

  • 9 · Other employee benefits

    total $1,044 · program services $794 · management and general $231 · fundraising $19

  • 10 · Payroll taxes

    total $8,465 · program services $6,440 · management and general $1,873 · fundraising $152

  • 11c · Fees: accounting

    total $10,500 · program services $0 · management and general $10,500 · fundraising $0

  • 11g · Fees: other

    total $118,149 · program services $72,928 · management and general $45,221 · fundraising $0

  • 12 · Advertising and promotion

    total $1,251 · program services $372 · management and general $879 · fundraising $0

  • 13 · Office expenses

    total $20,120 · program services $14,336 · management and general $5,784 · fundraising $0

  • 14 · Information technology

    total $4,002 · program services $3,915 · management and general $87 · fundraising $0

  • 16 · Occupancy

    total $42,000 · program services $35,700 · management and general $5,460 · fundraising $840

  • 17 · Travel

    total $16,523 · program services $12,571 · management and general $3,656 · fundraising $296

  • 20 · Interest

    total $3,814 · program services $0 · management and general $3,814 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,356 · program services $1,153 · management and general $176 · fundraising $27

  • 23 · Insurance

    total $2,773 · program services $2,110 · management and general $613 · fundraising $50

  • 24a · Other expenses: Bank and processing fee

    total $462 · program services $0 · management and general $462 · fundraising $0

  • 24b · Other expenses: Catering and hospitality

    total $19,596 · program services $18,849 · management and general $747 · fundraising $0

  • 24c · Other expenses: Dues, fees and subscription

    total $3,880 · program services $898 · management and general $2,982 · fundraising $0

  • 24d · Other expenses: Event fees

    total $2,082 · program services $2,082 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $47,605 · program services $42,581 · management and general $4,759 · fundraising $265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,788 · end of year $678,823

  • 3 · Pledges and grants receivable

    beginning of year $14,125 · end of year $81,515

  • 4 · Accounts receivable

    beginning of year $425

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,233 · end of year $8,951

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

    $1,809,742

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

    $1,356

  • 10c · Land, buildings and equipment, net

    end of year $1,808,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,920 · end of year $16,587

  • 23 · Secured mortgages and notes payable

    beginning of year $131,417 · end of year $127,967

  • 25 · Other liabilities

    beginning of year $3,320 · end of year $65,320

  • 27 · Net assets without donor restrictions

    beginning of year $99,914 · end of year $1,904,765

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $463,036

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • LEIMAY Fellowships & Resource Share-a platform for local artists to create new work and give opportunities to develop work in different mediums and support creativity at CAVE in Brooklyn and Upstate NY, and at partners venues

    Expenses $108,681 · Revenue $34,343

  • LEIMAY Productions- a platform for producing, presenting, and distributing interdisciplinary work to diverse audiences

    Expenses $170,537 · Revenue $21,062

  • LEIMAY Education- a platform offering training in the arts to the public, including art enthusiasts and professionals alike

    Expenses $12,132 · Revenue $1,885

As filed on the 2023 return.

Listed in Part VII

  • Ximena Garnica

    CO-DIRECTOR

    Total calculated
    $37,800
    From this org
    $37,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Shigekazu Moriya

    CO-DIRECTOR

    Total calculated
    $36,000
    From this org
    $36,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Catalina Santamaria

    TREASURER

    Total calculated
    $1,220
    From this org
    $1,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mar Galeano

    BOARD MEMBER

    Total calculated
    $1,075
    From this org
    $1,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jose Rivera Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Thea Little

    SECRETARY

    Total calculated
    $0
    Hours/week
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202443109349300309

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