Skip to content
Nonprofiteer
← ISSUE PROJECT ROOM INCORPORATED

Form 990 for tax year 2022

Filed by ISSUE PROJECT ROOM INCORPORATED.

Totals

Total revenue
$1,008,264
Total expenses
$689,399
Contributions and grants received
$912,140
Grants paid
$0
Program service revenue
$79,142
Investment income
$23
Other revenue
$16,959
Total assets, end of year
$3,810,612
Total liabilities, end of year
$62,036
Net assets or fund balances, end of year
$3,748,576
Program services expenses (Part IX)
$372,433
Management and general expenses
$200,360
Fundraising expenses
$116,606
Program service expenses (Part III)
$372,433

Program services were 54.0% 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

    $11,801

  • 1c · Fundraising events

    $79,273

  • 1e · Government grants (contributions)

    $508,777

  • 1f · All other contributions, gifts and grants

    $312,289

  • 1g · Noncash contributions included above

    $247,950

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $69,941 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MEMBERSHIP INCOME

    total $9,201 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $23 · unrelated business $0 · excluded $23

  • 8a · Fundraising events: gross income

    $22,870

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

    $79,273

  • 8b · Fundraising events: direct expenses

    $8,854

  • 8c · Net income from fundraising events

    total $14,016 · unrelated business $0 · excluded $14,016

  • 11a · Other revenue: MISCELLANEOUS

    total $2,943 · related or exempt $0 · unrelated business $0 · excluded $2,943

  • 11e · Other revenue, total

    $2,943

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $123,267 · program services $49,307 · management and general $36,980 · fundraising $36,980

  • 7 · Other salaries and wages

    total $119,304 · program services $72,021 · management and general $25,132 · fundraising $22,151

  • 9 · Other employee benefits

    total $152,411 · program services $85,998 · management and general $28,472 · fundraising $37,941

  • 10 · Payroll taxes

    total $36,775 · program services $19,336 · management and general $8,418 · fundraising $9,021

  • 11c · Fees: accounting

    total $8,889 · program services $0 · management and general $8,889 · fundraising $0

  • 11g · Fees: other

    total $119,930 · program services $82,576 · management and general $37,354 · fundraising $0

  • 12 · Advertising and promotion

    total $14,196 · program services $3,908 · management and general $10,288 · fundraising $0

  • 13 · Office expenses

    total $4,395 · program services $0 · management and general $4,395 · fundraising $0

  • 15 · Royalties

    total $2,117 · program services $2,117 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $37,337 · program services $24,964 · management and general $6,979 · fundraising $5,394

  • 17 · Travel

    total $13,804 · program services $13,804 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,379 · program services $689 · management and general $345 · fundraising $345

  • 20 · Interest

    total $250 · program services $0 · management and general $250 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,067 · program services $0 · management and general $6,067 · fundraising $0

  • 23 · Insurance

    total $14,112 · program services $0 · management and general $14,112 · fundraising $0

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

    total $3,796 · program services $0 · management and general $0 · fundraising $3,796

  • 24b · Other expenses: SUPPLIES

    total $1,334 · program services $1,090 · management and general $118 · fundraising $126

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

    total $9,477 · program services $0 · management and general $9,477 · fundraising $0

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $2,392 · program services $2,392 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $18,167 · program services $14,231 · management and general $3,084 · fundraising $852

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,286 · end of year $11,211

  • 2 · Savings and temporary cash investments

    beginning of year $100,007 · end of year $5,002

  • 3 · Pledges and grants receivable

    beginning of year $151,200 · end of year $189,680

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,202 · end of year $8,695

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

    $3,674,008

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

    $96,884

  • 10c · Land, buildings and equipment, net

    beginning of year $3,308,939 · end of year $3,577,124

  • 14 · Intangible assets

    end of year $18,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,516 · end of year $49,379

  • 19 · Deferred revenue

    beginning of year $6,510

  • 25 · Other liabilities

    beginning of year $74,897 · end of year $12,657

  • 27 · Net assets without donor restrictions

    beginning of year $22,491 · end of year $23,318

  • 28 · Net assets with donor restrictions

    beginning of year $3,407,220 · end of year $3,725,258

Mission and programs · 2022

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 2021, ISSUE COMMISSIONED MULTIPLE WORKS AND PRESENTED NUMEROUS EVENTS BRINGING RECOGNITION TO CREATIVE PRACTITIONERS WHOSE IMPORTANT CONTRIBUTIONS TO THE ARTISTIC FIELD ARE UNDERREPRESENTED. LIVE EVENTS WERE PRESENTED THROUGHOUT THE FIRST QUARTER OF 2020 AT ISSUE'S 22 BOERUM THEATER. DUE TO THE COVID-19 PANDEMIC, ISSUE'S FINAL IN-PERSON EVENT WITH AUDIENCE IN ATTENDANCE OCCURRED ON MARCH 12, 2020. ALL SCHEDULED EVENTS AFTER THIS DATE WERE CANCELED OR POSTPONED. SINCE THAT TIME, ISSUE HAS COORDINATED ALL PROGRAMS AS FREE ONLINE STREAMS. BETWEEN APRIL 1, 2020 AND DECEMBER 2021, 2020 ISSUE PRESENTED 45 EVENTS ONLINE. OF THESE, A A SMALL NUMBER WERE RECORDED IN-PERSON WITH ONLY ARTISTS AND TECHNICAL STAFF PRESENT WITH A HANDFUL LIVE STREAMED, BUT MOST BEING PRE-RECORDED AND EDITED PRIOR TO PRESENTATION. IN AUGUST 2020, ISSUE HOSTED INSTALLATION OF A WORK BY ARTIST LAURIE SPIEGEL, COORDINATED BY SETH CLUETT. THE DESIGN OF THE INSTALLATION WAS CRAFTED CAREFULLY WITHIN THE SCOPE OF OUR APPROVED COVID SAFETY PLAN. A SELECTION OF ISSUE'S AUDIENCE (MEMBERS AND TICKET BUYERS FROM THE ORIGINAL EVENT, SLATED FOR LATE-MARCH 2020) WERE INVITED TO RSVP TO EXPERIENCE THE INSTALLATION. A MAXIMUM OF FIVE PRE-REGISTERED GUESTS COULD VISIT AT A TIME WITH STRICT SOCIAL DISTANCING IN PLACE, AND THE VISITOR TIME SLOTS WERE SPACED OUT SUCH THAT THERE WAS AMPLE TIME FOR CLEANING BETWEEN EACH INTERVAL. NO OTHER EVENTS INVOLVED IN-PERSON ATTENDANCE.

    Expenses $372,433 · Revenue $49,491

As filed on the 2022 return.

Listed in Part VII

  • Roger Luke Dubois

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Hardy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marcus Brauer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Toni Dove

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Buscemi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Longo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Howard Huang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dustin Dis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Vlahoplus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Zev Greenfield

    EXECUTIVE DIRECTOR AND CHIEF CURATOR

    Total calculated
    $147,548
    From this org
    $142,006
    From related orgs
    $0
    Other
    $5,542
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,006
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,542
    Filer's total
    $147,548

  • Richard Kemerman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charmaine Lee

    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. 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

None.

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
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202331389349300543

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.