Totals
- Total revenue
- $259,923
- Total expenses
- $219,169
- Contributions and grants received
- $248,678
- Grants paid
- $0
- Program service revenue
- $11,014
- Investment income
- $231
- Other revenue
- $0
- Total assets, end of year
- $560,107
- Total liabilities, end of year
- $877,187
- Net assets or fund balances, end of year
- -$317,080
- Program services expenses (Part IX)
- $178,443
- Management and general expenses
- $28,631
- Fundraising expenses
- $12,095
- Program service expenses (Part III)
- $178,443
Program services were 81.4% 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.
-
1e · Government grants (contributions)
$172,540
-
1f · All other contributions, gifts and grants
$76,138
-
2a · Program service revenue: SPACE RENTAL
total $7,614 · related or exempt $7,614
-
2b · Program service revenue: HONORARIUM
total $3,400 · related or exempt $3,400
-
3 · Investment income
total $231 · excluded $231
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $126,324 · program services $107,500 · management and general $9,412 · fundraising $9,412
-
10 · Payroll taxes
total $8,339 · program services $7,097 · management and general $621 · fundraising $621
-
11c · Fees: accounting
total $12,550 · management and general $12,550
-
12 · Advertising and promotion
total $239 · program services $239
-
13 · Office expenses
total $3,929 · program services $3,343 · management and general $293 · fundraising $293
-
17 · Travel
total $6,363 · program services $6,363
-
19 · Conferences, conventions and meetings
total $2,712 · program services $2,712
-
22 · Depreciation, depletion and amortization
total $6,084 · program services $5,177 · management and general $454 · fundraising $453
-
23 · Insurance
total $7,439 · program services $6,331 · management and general $554 · fundraising $554
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $16,363 · program services $15,817 · management and general $273 · fundraising $273
-
24b · Other expenses: ARTIST FEES
total $12,793 · program services $12,793
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $9,752 · program services $5,543 · management and general $4,097 · fundraising $112
-
24d · Other expenses: UTILITIES
total $3,484 · program services $2,964 · management and general $260 · fundraising $260
-
24e · All other expenses
total $2,798 · program services $2,564 · management and general $117 · fundraising $117
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $60,316 · end of year $130,223
-
2 · Savings and temporary cash investments
beginning of year $187,665 · end of year $218,897
-
3 · Pledges and grants receivable
beginning of year $89,473 · end of year $41,330
-
10a · Land, buildings and equipment: cost or other basis
$374,813
-
10b · Land, buildings and equipment: accumulated depreciation
$205,306
-
10c · Land, buildings and equipment, net
beginning of year $175,591 · end of year $169,507
-
15 · Other assets
beginning of year $150 · end of year $150
-
17 · Accounts payable and accrued expenses
beginning of year $5,802 · end of year $11,960
-
25 · Other liabilities
beginning of year $865,227 · end of year $865,227
-
27 · Net assets without donor restrictions
beginning of year -$456,864 · end of year -$364,112
-
28 · Net assets with donor restrictions
beginning of year $99,030 · end of year $47,032
Mission and programs · 2022
Mission
TOPAZ ARTS FOSTERS THE CREATIVE PROCESS, ENCOURAGING NEW WORKS OF DIVERSE ARTISTS AND PROVIDES PUBLIC PROGRAMS FOR CONTEMPORARY PERFORMING AND VISUAL ARTS. MAINTAINING A 2,500 SQ. FE. MULTIDISCIPLINARY ARTS CENTER IN WOODSIDE, QUEENS WHICH INCLUDES A DANCE REHEARSAL STUDIO AND GALLERY, TOPAZ ARTS PROVIDES AFFORDABLE SPACE, TECHNICAL SUPPORT, RESIDENCIES AND PRESENTATION OPPORTUNITIES, ENABLING ARTISTS TO REALIZE THEIR PROJECTS AND THE PROCESS SHARED WITH AUDIENCES.
-
TOPAZ ARTS: ARTIST SERVICES IS AN ONGOING PROGRAM WHICH SERVES THE NYC ARTIST COMMUNITY WITH AFFORDABLE SPACE FOR DANCE REHEARSALS, TECHNICAL SUPPORT, AND SHOWINGS - ENABLING ARTISTS TO REALIZE THEIR PROJECTS FOR PUBLIC PRESENTATIONS.TOPAZ ARTS' VISUAL ARTS PROGRAM HOSTS EXHIBITIONS FOCUSING ON NEW WORK BY PROFESSIONAL ARTISTS, FROM THE ESTABLISHED TO THE UNDER-RECOGNIZED, OUR PROGRAM ALLOWS FOR EXPERIMENTATION, VISIBILITY AND ACCESS TO DIVERSE AUDIENCES.TOPAZ ARTS PARTNERSHIPS PROGRAM IS A SERIES OF RESIDENCIES & PERFORMANCES ORGANIZED IN PARTNERSHIP WITH OTHER LEADING ARTS INSTITUTIONS AND ARTISTS IN PRESENTING CONTEMPORARY WORKS AND CULTIVATING INNOVATIVE NEW WORKS IN DANCE, VISUAL ARTS, LITERARY AND COLLABORATIVE ARTS.TOPAZ ARTS PRODUCTIONS EXPLORES THE COLLABORATIONS OF FOUNDING ARTISTS IN MULTIDISCIPLINARY WORKS WITH CHOREOGRAPHY AND PERFORMANCE BY PAZ TANJUAQUIO, WITH VISUAL WORKS AND MUSIC BY TODD RICHMOND.
Expenses $178,443 · Revenue $11,014
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
TODD B RICHMOND
PRESIDENT
- Total calculated
- $56,995
- From this org
- $48,333
- From related orgs
- $0
- Other
- $8,662
- Hours/week
- 40
-
PAZ TANJUAQUIO
VICE PRESIDENT/TREASURER
- Total calculated
- $56,995
- From this org
- $48,333
- From related orgs
- $0
- Other
- $8,662
- Hours/week
- 40
-
MICHELE C QUINN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
LUIS H FRANCIA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
NATALIE D STANFORD
BOARD MEMBER
- 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
- 2022
- Filed
- 1 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431229349301948
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