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Nonprofiteer
← RESIDENCY UNLIMITED INC

Form 990 for tax year 2024

Filed by RESIDENCY UNLIMITED INC.

Totals

Total revenue
$957,566
Total expenses
$956,148
Contributions and grants received
$822,794
Grants paid
$149,700
Program service revenue
$0
Investment income
$133,819
Other revenue
$953
Total assets, end of year
$940,171
Total liabilities, end of year
$5,371
Net assets or fund balances, end of year
$934,800
Program services expenses (Part IX)
$731,034
Management and general expenses
$195,350
Fundraising expenses
$29,764
Program service expenses (Part III)
$731,034

Program services were 76.5% 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)

    $218,595

  • 1f · All other contributions, gifts and grants

    $604,199

  • 1g · Noncash contributions included above

    $9,000

  • 3 · Investment income

    total $22,862 · excluded $22,862

  • 7a · Gross sales of assets other than inventory

    securities $331,730

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

    securities $220,773

  • 7c · Gain or loss

    securities $110,957

  • 7d · Net gain or loss

    total $110,957 · excluded $110,957

  • 11a · Other revenue: MISCELLANEOUS

    total $953 · related or exempt $953

  • 11e · Other revenue, total

    $953

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $149,700 · program services $149,700

  • 5 · Compensation of officers, directors and key employees

    total $70,000 · program services $35,000 · management and general $28,000 · fundraising $7,000

  • 7 · Other salaries and wages

    total $156,214 · program services $69,059 · management and general $80,583 · fundraising $6,572

  • 9 · Other employee benefits

    total $26,309 · program services $12,102 · management and general $12,628 · fundraising $1,579

  • 10 · Payroll taxes

    total $17,342 · program services $7,977 · management and general $8,324 · fundraising $1,041

  • 11c · Fees: accounting

    total $39,147 · management and general $39,147

  • 11g · Fees: other

    total $313,615 · program services $299,005 · management and general $4,127 · fundraising $10,483

  • 13 · Office expenses

    total $4,110 · program services $1,850 · management and general $2,054 · fundraising $206

  • 16 · Occupancy

    total $81,690 · program services $69,429 · management and general $11,146 · fundraising $1,115

  • 17 · Travel

    total $43,385 · program services $41,750 · management and general $1,486 · fundraising $149

  • 22 · Depreciation, depletion and amortization

    total $1,362 · program services $627 · management and general $653 · fundraising $82

  • 23 · Insurance

    total $9,834 · program services $7,376 · management and general $1,966 · fundraising $492

  • 24a · Other expenses: PROGRAM EXPENSE

    total $28,565 · program services $28,565

  • 24b · Other expenses: OTHER EXPENSES

    total $13,969 · program services $8,186 · management and general $4,783 · fundraising $1,000

  • 24c · Other expenses: EQUIPMENT R&M

    total $906 · program services $408 · management and general $453 · fundraising $45

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,960 · end of year $112,212

  • 2 · Savings and temporary cash investments

    beginning of year $514,279 · end of year $102,222

  • 3 · Pledges and grants receivable

    beginning of year $135,100 · end of year $51,500

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

    $22,597

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

    $18,332

  • 10c · Land, buildings and equipment, net

    beginning of year $5,627 · end of year $4,265

  • 11 · Investments: publicly traded securities

    beginning of year $266,188 · end of year $630,982

  • 15 · Other assets

    beginning of year $29,990 · end of year $38,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,036 · end of year $5,371

  • 27 · Net assets without donor restrictions

    beginning of year $690,665 · end of year $809,661

  • 28 · Net assets with donor restrictions

    beginning of year $296,443 · end of year $125,139

Mission and programs · 2024

Mission

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

  • IN 2024 RU HOSTED RESIDENCIES FOR 62 ARTISTS (52 INTERNATIONAL + 10 NY/US-BASED) AND 15 CURATORS FROM 39 COUNTRIES INCLUDING ALBANIA, AUSTRALIA, AUSTRIA, BELGIUM, BOSNIA AND HERZEGOVINA, BRAZIL, BULGARIA, CANADA, CROATIA, CUBA, CZECH REPUBLIC, FRANCE, FINLAND, GEORGIA, GERMANY, HUNGARY, INDIA, IRAN, IRELAND, ISRAEL, JAPAN, KOSOVO, KYRGYZSTAN, LITHUANIA, MEXICO, MONTENEGRO, NORTH MACEDONIA, PALESTINE, POLAND, PORTUGAL, SLOVENIA, SLOVAKIA, SERBIA, SPAIN, SWITZERLAND, TURKEY, UNITED ARAB EMIRATES, UNITED KINGDOM AND THE USA. SUPPORTING LOCAL ARTISTS FROM UNDERSERVED COMMUNITIES ACROSS THE FIVE BOROUGHS IS A PRIORITY FOR RU. IN 2024, 4 LOCAL ARTISTS WERE SELECTED THROUGH OPEN CALL AND A JURY FOR THE 2024 NEW YORK CITY-BASED ARTIST RESIDENCY (NYCBAR) PROGRAM AND 4 LOCAL ARTISTS WERE SELECTED FOR THE 2024 VOICES OF MULTIPLICITY (VOM) III PROGRAM. THE NYC ARTISTS HAD A CULMINATING EXHIBITION AT ALL STREET GALLERY AND THE VOM ARTISTS HAD WORKSHOPS WITH THE ARTMOBILE VAN IN COLLABORATION WITH THE BROOKLYN PUBLIC LIBRARY AND A CULMINATING EXHIBITION AT THE RU HOUSE ON GOVERNORS ISLAND. IN 2024 RU ORGANIZED 630 STUDIO VISITS/MEETINGS FOR CRITICAL FEEDBACK BETWEEN RESIDENT ARTISTS AND THE BROADER ARTS PROFESSIONAL COMMUNITY IN NYC BY INVITING 108 GUEST VISITORS. THIS IS A REMUNERATED SERVICE. WE WORKED WITH 4 GUEST CURATORS THROUGHOUT THE YEAR WHO MET WITH RU ARTISTS AND CURATED AN EXHIBITION, ADDING A LEVEL OF CUSTOMIZED SUPPORT FOR RU'S PUBLIC PROGRAMMING. IN 2024 WE ORGANIZED 52 PUBLIC PROGRAMS (16 EXHIBITIONS, 21 TALKS, 5 PERFORMANCES, 10 WORKSHOPS) AT OUR HEADQUARTERS IN CARROLL GARDENS, THE RU HOUSE ON GOVERNORS ISLAND AND PARTNERING VENUES INCLUDING ALL STREET GALLERY, 1014 SPACE FOR IDEAS, CUBAN ARTISTS FUND STUDIO, THE CLEMENTE SOTO VELEZ CULTURAL & EDUCATIONAL CENTER AND 20 JAY STREET STUDIOS.IN 2024, RU CONTINUED ITS COLLABORATION WITH THE ARTS DEPARTMENT AT NYC HEALTH + HOSPITALS FOR THE COMMUNITY MURAL PROJECT (CMP)--A PROJECT FUNDED BY THE ILLUMINATION FUND--TO SELECT 6 ARTISTS COMMISSIONED TO CREATE MURALS IN HOSPITALS ACROSS THE FIVE BOROUGHS. RU COMMUNITY BUILDING ACTIVITIES FOR THE RESIDENTS INCLUDE 26 FIELD TRIPS AND 12 WELCOME GATHERINGS IN 2024. THEY VISITED THE CHINESE AMERICAN ARTS COUNCIL / GALLERY 456, ANDREW EDLIN GALLERY, FRIDMAN GALLERY, MIGUEL ABREU GALLERY, ELIZABETH FOUNDATION FOR THE ARTS (EFA), ROCKEFELLER FOUNDATION PERMANENT COLLECTION, FORD FOUNDATION PERMANENT COLLECTION, AIM BIENNIAL AT THE BRONX MUSEUM, BARD COLLEGE HESSEL MUSEUM, OPEN SOURCE GALLERY, WAVE HILL, DIA BEACON, MISHKIN GALLERY, MUSEUM OF ARTS AND DESIGN (MAD), PS122 GALLERY, KEVORK MOURAD STUDIO, ALL STREET GALLERY, GALLERIES IN THE BOWERY (IRL GALLERY, 56 HENRY, KAPOW GALLERY, BLADE STUDY, NO GALLERY, MIGUEL ABREU AND OLYMPIA GALLERY), NATIONAL ACADEMY OF DESIGN, NEW YORK LATIN AMERICAN TRIENNIAL ON GOVERNORS ISLAND, APEXART, SMACK MELLON, THE JAMES GALLERY, THE BRANT MANSION, DIEU DONN AND THE QUEENS MUSEUM.

    Expenses $731,034 · Grants $149,700

As filed on the 2024 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

  • Sharon Phair Fortenbaugh

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nathalie Angles

    EXECUTIVE DIRECTOR

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brian Carlton Byrd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joanna Gong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caroline Lang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peggy Leboeuf

    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

  • Kuldeep Singh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ibtisam Tasnim Zaman

    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
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349314712

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