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Nonprofiteer
← RESIDENCY UNLIMITED INC

Form 990 for tax year 2022

Filed by RESIDENCY UNLIMITED INC.

Totals

Total revenue
$530,945
Total expenses
$525,293
Contributions and grants received
$522,659
Grants paid
$20,200
Program service revenue
$5,947
Investment income
$2,202
Other revenue
$137
Total assets, end of year
$835,284
Total liabilities, end of year
$18,780
Net assets or fund balances, end of year
$816,504
Program services expenses (Part IX)
$402,125
Management and general expenses
$95,335
Fundraising expenses
$27,833
Program service expenses (Part III)
$402,125

Program services were 76.6% 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)

    $86,740

  • 1f · All other contributions, gifts and grants

    $435,919

  • 2a · Program service revenue: PROGRAM FEE INCOME

    total $5,947 · related or exempt $5,947

  • 3 · Investment income

    total $2,143 · excluded $2,143

  • 7a · Gross sales of assets other than inventory

    securities $42,977

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

    securities $42,918

  • 7c · Gain or loss

    securities $59

  • 7d · Net gain or loss

    total $59 · excluded $59

  • 11a · Other revenue: MISCELLANEOUS

    total $137 · related or exempt $137

  • 11e · Other revenue, total

    $137

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $20,200 · program services $20,200

  • 5 · Compensation of officers, directors and key employees

    total $60,000 · program services $24,000 · management and general $24,000 · fundraising $12,000

  • 6 · Compensation of disqualified persons

    total $62,469 · program services $36,720 · management and general $25,605 · fundraising $144

  • 9 · Other employee benefits

    total $3,961 · program services $1,964 · management and general $1,604 · fundraising $393

  • 10 · Payroll taxes

    total $9,380 · program services $4,651 · management and general $3,799 · fundraising $930

  • 11c · Fees: accounting

    total $30,099 · management and general $30,099

  • 11g · Fees: other

    total $181,407 · program services $166,440 · management and general $2,100 · fundraising $12,867

  • 13 · Office expenses

    total $4,856 · program services $2,176 · management and general $2,418 · fundraising $262

  • 16 · Occupancy

    total $64,554 · program services $64,554

  • 17 · Travel

    total $54,342 · program services $51,810 · management and general $2,302 · fundraising $230

  • 22 · Depreciation, depletion and amortization

    total $581 · program services $291 · management and general $232 · fundraising $58

  • 23 · Insurance

    total $394 · program services $177 · management and general $197 · fundraising $20

  • 24a · Other expenses: PROGRAM EXPENSE

    total $22,385 · program services $22,385

  • 24b · Other expenses: OTHER EXPENSES

    total $10,637 · program services $6,757 · management and general $2,979 · fundraising $901

  • 24c · Other expenses: BENEFIT EVENT EXPENSE

    total $28 · fundraising $28

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,882 · end of year $57,681

  • 2 · Savings and temporary cash investments

    beginning of year $523,769 · end of year $370,222

  • 3 · Pledges and grants receivable

    beginning of year $33,100 · end of year $165,810

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

    $17,883

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

    $16,389

  • 10c · Land, buildings and equipment, net

    beginning of year $740 · end of year $1,494

  • 11 · Investments: publicly traded securities

    beginning of year $193,670 · end of year $210,087

  • 15 · Other assets

    beginning of year $30,490 · end of year $29,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,173 · end of year $18,780

  • 27 · Net assets without donor restrictions

    beginning of year $491,774 · end of year $522,484

  • 28 · Net assets with donor restrictions

    beginning of year $353,704 · end of year $294,020

Mission and programs · 2022

Mission

TO PROVIDE CUSTOMIZED SUPPORT TO ARTISTS AND CURATORS IN RESIDENCE AND WORKING COLLABORATIVELY WITH LOCAL ORGANIZATIONS TO CREATE SUCCESSFUL RESIDENCY ENVIRONMENTS.

  • IN 2022 WE HAD 57 ARTISTS-IN RESIDENCE (49 INTERNATIONAL + 8 US AND NEW YORK BASED) AND 4 CURATORS IN RESIDENCE. RESIDENTS CAME FROM 21 COUNTRIES INCLUDING USA, HUNGARY, CUBA, ITALY, SPAIN, TURKEY, MACEDONIA, KOSOVO, ALBANIA, AUSTRALIA, NICARAGUA, BRAZIL, PORTUGAL, GUATEMALA, GERMANY, ISRAEL, FRANCE, SWITZERLAND, SLOVAKIA, BELGIUM, HAVANA, BOSNIA AND HERZEGOVINA, CHILE, FINLAND, POLAND, DENMARK, UKRAINE, NEW ZEALAND, LATVIA, MAURITIUS ISLAND (INDIAN OCEAN), JAPAN, IRAN, PHILIPPINES, MONTENEGRO, CZECH REPUBLIC.WE ORGANIZED 556 STUDIO VISITS FOR THE RESIDENT ARTISTS, EACH ARTIST MET AN ART PROFESSIONAL EACH WEEK. THIS IS A REMUNERATED SERVICE. WE HIRED 5 GUEST CURATORS TO ASSIST THE RU TEAM AND PROVIDE AN ADDED LEVEL OF CUSTOMIZED SUPPORT FOR STUDIO VISITS AND PROGRAMMING. WE HAD 19 EXHIBITIONS AND 31 PUBLIC PROGRAMS INCLUDING TALKS, SCREENINGS, READINGS. AS PART OF RU'S PARTNERING STRATEGY, OUR PUBLIC PROGRAMS WERE HOSTED BY RU AND PARTNERING VENUES : 11 AT RU. 14 AT GOVERNORS ISLAND/ KODA HOUSE (9 EXHIBITIONS, 4 PERFORMANCES, OPEN STUDIOS). 2 LOCAL BIPOC ARTISTS BENEFITED FROM FREE STUDIO SPACE FOR 6 MONTHS EACH AND THE WORK THEY REALIZED WAS EXHIBITED AT ACE HOTEL IN BROOKLYN. 3 EXHIBITIONS AT ACE HOTEL BROOKLYN DURING THE FALL / WINTER IN THE HOTEL GALLERY SPACE. 1 EXHIBITION AT CUCHIFRITOS GALLERY AND PROJECT SPACE, ESSEX MARKET LOWER EAST SIDE IN AUGUST. 1 EXHIBITION AT CHASHAMA GALLERY UPTOWN IN MAY (WE REAPPLIED FOR A GALLERY SPACE IN APRIL 2023). 1 EXHIBITION AT CHASHAMA STUDIO MIDTOWN, 1 EXHIBITION AT COMPRE COLLECTIVE, 1 EXHIBITION AT THE BRIDGE AND TUNNEL, 1 EXHIBITION AT THE BRAZILIAN CONSULATE IN NEW YORK, 1 TALK AT THE AMERICAN HUNGARIAN LIBRARY AND HISTORICAL SOCIETY, 1 EXHIBITION/PANEL AT COLUMBIA UNIVERSITY/TEACHERS COLLEGE.RU COMMUNITY BUILDING ACTIVITIES INCLUDE: 27 FIELD TRIPS AND 20 WELCOME GATHERINGS FOR INCOMING ARTISTS EACH MONTH. CURATED FIELD TRIPS TOOK PLACE AT THE NEW MUSEUM, URBANGLASS, JAMES COHAN GALLERY, L 601ARTSPACE, SWISS INSTITUTE, NOGUCHI MUSEUM, DIEU DONN, PACE GALLERY, MUSEUM OF ARTS AND DESIGN, FRIEDMAN GALLERY, DONALD JUDD FOUNDATION, ICP, SCULPTURE CENTER, DIA BEACON, JEWISH MUSEUM, LOUISE BOURGEOIS HOUSE, BRONX MUSEUM.

    Expenses $402,125 · Grants $20,200 · Revenue $6,084

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pamela Auchincloss

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Serge Marquie

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nathalie Angles

    SECRETARY & EXECUTIVE DIRECTOR

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Abshishek Basu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Onyedika Chuke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharon Phair Fortenbaugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caroline Lang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larisa Leventon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Victoire Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Rom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerome Sans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Taittinger

    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
8 November 2023
IRS schema version
2022v5.0
Source object
202333129349302133

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