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← ISSUE PROJECT ROOM INCORPORATED

Form 990 for tax year 2024

Filed by ISSUE PROJECT ROOM INCORPORATED.

Totals

Total revenue
$1,312,825
Total expenses
$660,635
Contributions and grants received
$1,233,941
Grants paid
$0
Program service revenue
$51,685
Investment income
$0
Other revenue
$27,199
Total assets, end of year
$4,465,926
Total liabilities, end of year
$75,084
Net assets or fund balances, end of year
$4,390,842
Program services expenses (Part IX)
$341,532
Management and general expenses
$198,845
Fundraising expenses
$120,258
Program service expenses (Part III)
$341,532

Program services were 51.7% 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

    $7,442

  • 1c · Fundraising events

    $104,186

  • 1e · Government grants (contributions)

    $881,570

  • 1f · All other contributions, gifts and grants

    $240,743

  • 1g · Noncash contributions included above

    $746,398

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $46,995 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MEMBERSHIP INCOME

    total $4,690 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $12,313

  • 6c · Rental income or loss

    real property $12,313

  • 6d · Net rental income or loss

    total $12,313 · excluded $12,313

  • 8a · Fundraising events: gross income

    $9,425

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

    $104,186

  • 8b · Fundraising events: direct expenses

    $9,057

  • 8c · Net income from fundraising events

    total $368 · unrelated business $0 · excluded $368

  • 11a · Other revenue: MISCELLANEOUS

    total $10,018 · related or exempt $10,018 · unrelated business $0 · excluded $0

  • 11b · Other revenue: FISCAL SPONSORSHIP FEES

    total $4,500 · related or exempt $4,500 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $14,518

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $135,337 · program services $54,135 · management and general $40,601 · fundraising $40,601

  • 7 · Other salaries and wages

    total $257,740 · program services $155,365 · management and general $48,201 · fundraising $54,174

  • 9 · Other employee benefits

    total $42,612 · program services $22,711 · management and general $9,627 · fundraising $10,274

  • 10 · Payroll taxes

    total $11,610 · program services $6,188 · management and general $2,623 · fundraising $2,799

  • 11c · Fees: accounting

    total $10,665 · program services $0 · management and general $10,665 · fundraising $0

  • 11g · Fees: other

    total $90,428 · program services $67,816 · management and general $21,528 · fundraising $1,084

  • 12 · Advertising and promotion

    total $12,460 · program services $1,367 · management and general $11,093 · fundraising $0

  • 13 · Office expenses

    total $4,252 · program services $0 · management and general $4,252 · fundraising $0

  • 15 · Royalties

    total $1,689 · program services $1,689 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $12,045 · program services $6,420 · management and general $2,721 · fundraising $2,904

  • 17 · Travel

    total $10,793 · program services $10,793 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,264 · program services $1,132 · management and general $566 · fundraising $566

  • 20 · Interest

    total $2,707 · program services $0 · management and general $2,707 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $16,729 · program services $0 · management and general $16,729 · fundraising $0

  • 23 · Insurance

    total $10,034 · program services $0 · management and general $10,034 · fundraising $0

  • 24a · Other expenses: EVENT AND OTHER FUNDRAISING EXPENSES

    total $7,406 · program services $0 · management and general $0 · fundraising $7,406

  • 24b · Other expenses: SUPPLIES

    total $574 · program services $523 · management and general $25 · fundraising $26

  • 24c · Other expenses: BANK AND MERCHANT PROCESSING FEES

    total $9,856 · program services $0 · management and general $9,856 · fundraising $0

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $2,241 · program services $2,241 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $19,193 · program services $11,152 · management and general $7,617 · fundraising $424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,556 · end of year $1,920

  • 3 · Pledges and grants receivable

    beginning of year $165,585 · end of year $108,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,291 · end of year $7,988

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

    $4,411,481

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

    $72,913

  • 10c · Land, buildings and equipment, net

    beginning of year $3,602,605 · end of year $4,338,568

  • 14 · Intangible assets

    beginning of year $14,175 · end of year $9,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,110 · end of year $19,001

  • 23 · Secured mortgages and notes payable

    end of year $45,000

  • 25 · Other liabilities

    beginning of year $7,450 · end of year $11,083

  • 27 · Net assets without donor restrictions

    beginning of year $5,720 · end of year $422

  • 28 · Net assets with donor restrictions

    beginning of year $3,732,932 · end of year $4,390,420

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • ISSUE PROJECT ROOM PRESENTS PROJECTS BY INTERDISCIPLINARY ARTISTS THAT EXPAND THE BOUNDARIES OF ARTISTIC PRACTICE AND STIMULATE CRITICAL DIALOGUE IN THE BROADER COMMUNITY. ISSUE SERVES AS A LEADING CULTURAL INCUBATOR, FACILITATING THE COMMISSION AND PREMIERE OF INNOVATIVE NEW WORKS SPANNING GENRES OF MUSIC, DANCE, LITERATURE AND FILM. DURING 2024, ISSUE COMMISSIONED MULTIPLE WORKS AND PRESENTED NUMEROUS EVENTS BRINGING RECOGNITION TO CREATIVE PRACTITIONERS WHOSE IMPORTANT CONTRIBUTIONS TO THE ARTISTIC FIELD ARE UNDERREPRESENTED.

    Expenses $341,532 · Revenue $51,685

As filed on the 2024 return.

Listed in Part VII

  • Zev Greenfield

    EXECUTIVE DIRECTOR & CHIEF CURATOR

    Total calculated
    $110,612
    From this org
    $110,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Toni Dove

    SECRETARY

    Total calculated
    $85,500
    From this org
    $85,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Roger Luke Dubois

    PRESIDENT, BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Hardy - Resigned May 15 2024

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Marcus Brauer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert Longo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Kamerman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charmaine Lee - Resigned Nov 1 2024

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Vlahoplus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Buscemi

    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
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202511289349302921

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