Skip to content
Nonprofiteer
← RESIDENCY UNLIMITED INC

Form 990 for tax year 2023

Filed by RESIDENCY UNLIMITED INC.

Totals

Total revenue
$914,459
Total expenses
$799,881
Contributions and grants received
$898,897
Grants paid
$130,750
Program service revenue
$4,593
Investment income
$3,002
Other revenue
$7,967
Total assets, end of year
$1,004,144
Total liabilities, end of year
$17,036
Net assets or fund balances, end of year
$987,108
Program services expenses (Part IX)
$664,171
Management and general expenses
$103,962
Fundraising expenses
$31,748
Program service expenses (Part III)
$664,171

Program services were 83.0% 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.

  • 1e · Government grants (contributions)

    $172,500

  • 1f · All other contributions, gifts and grants

    $726,397

  • 2a · Program service revenue: PROGRAM FEE INCOME

    total $4,593 · related or exempt $4,593

  • 3 · Investment income

    total $3,002 · excluded $3,002

  • 11a · Other revenue: MISCELLANEOUS

    total $7,967 · related or exempt $7,967

  • 11e · Other revenue, total

    $7,967

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $130,750 · program services $130,750

  • 5 · Compensation of officers, directors and key employees

    total $65,000 · program services $32,500 · management and general $19,500 · fundraising $13,000

  • 7 · Other salaries and wages

    total $81,174 · program services $45,962 · management and general $30,777 · fundraising $4,435

  • 9 · Other employee benefits

    total $8,684 · program services $4,661 · management and general $2,987 · fundraising $1,036

  • 10 · Payroll taxes

    total $11,335 · program services $6,084 · management and general $3,899 · fundraising $1,352

  • 11c · Fees: accounting

    total $33,000 · management and general $33,000

  • 11g · Fees: other

    total $295,905 · program services $280,763 · management and general $4,858 · fundraising $10,284

  • 13 · Office expenses

    total $4,047 · program services $1,821 · management and general $2,023 · fundraising $203

  • 16 · Occupancy

    total $77,540 · program services $77,540

  • 17 · Travel

    total $47,885 · program services $45,899 · management and general $1,805 · fundraising $181

  • 22 · Depreciation, depletion and amortization

    total $581 · program services $314 · management and general $197 · fundraising $70

  • 23 · Insurance

    total $6,075 · program services $4,556 · management and general $1,215 · fundraising $304

  • 24a · Other expenses: PROGRAM EXPENSE

    total $25,334 · program services $25,334

  • 24b · Other expenses: OTHER EXPENSES

    total $11,842 · program services $7,771 · management and general $3,462 · fundraising $609

  • 24c · Other expenses: EQUIPMENT R&M

    total $479 · program services $216 · management and general $239 · fundraising $24

  • 24d · Other expenses: BENEFIT EVENT EXPENSE

    total $250 · fundraising $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,681 · end of year $52,960

  • 2 · Savings and temporary cash investments

    beginning of year $370,222 · end of year $514,279

  • 3 · Pledges and grants receivable

    beginning of year $165,810 · end of year $135,100

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

    $22,597

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

    $16,970

  • 10c · Land, buildings and equipment, net

    beginning of year $1,494 · end of year $5,627

  • 11 · Investments: publicly traded securities

    beginning of year $210,087 · end of year $266,188

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,780 · end of year $17,036

  • 27 · Net assets without donor restrictions

    beginning of year $522,484 · end of year $690,665

  • 28 · Net assets with donor restrictions

    beginning of year $294,020 · end of year $296,443

Mission and programs · 2023

Mission

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

  • IN 2023, RU HOSTED RESIDENCIES FOR 59 ARTISTS (41 INTERNATIONAL + 18 NY/US-BASED) AND 10 CURATORS FROM 32 COUNTRIES INCLUDING ALBANIA, AUSTRIA GERMANY, BELGIUM, BOSNIA AND HERZEGOVINA, BULGARIA, CHINA, CROATIA, CUBA, CZECH REPUBLIC, FRANCE, FINLAND, GERMANY, HUNGARY, ISRAEL, ITALY, JAPAN, KOSOVO, LITHUANIA, NICARAGUA, NORTH MACEDONIA, MONTENEGRO, PORTUGAL, SLOVENIA, SLOVAKIA, SERBIA, SPAIN, SWITZERLAND, TAIWAN, TURKEY, UNITED KINGDOM, AND THE UNITED STATES.SUPPORTING LOCAL ARTISTS FROM UNDERSERVED COMMUNITIES ACROSS THE FIVE BOROUGHS IS ALSO A PRIORITY FOR RU. IN 2023, 4 LOCAL ARTISTS WERE SELECTED THROUGH OPEN CALL AND A JURY FOR THE 2023 NYC ARTIST RESIDENCY PROGRAM AND 4 LOCAL ARTISTS WERE SELECTED FOR THE 2023 VOICES OF MULTIPLICITY (VOM) II PROGRAM. THE NYC ARTISTS HAD A CULMINATING EXHIBITION AT PS122 GALLERY AND THE VOM ARTISTS HAD WORKSHOPS WITH THE ARTMOBILE VAN IN COLLABORATION WITH THE BROOKLYN PUBLIC LIBRARY AND A CULMINATING EXHIBITION AT RU/KODA HOUSE ON GOVERNORS ISLAND.IN 2023 RU ORGANIZED 600 STUDIO VISITS/MEETINGS FOR CRITICAL FEEDBACK BETWEEN RESIDENT ARTISTS AND THE BROADER ARTS PROFESSIONAL COMMUNITY IN NYC. THIS IS A REMUNERATED SERVICE. WE HIRED 4 GUEST CURATORS TO ASSIST THE RU TEAM AND PROVIDE AN ADDED LEVEL OF CUSTOMIZED SUPPORT FOR STUDIO VISITS AND PROGRAMMING.IN 2023 WE ORGANIZED 59 PUBLIC PROGRAMS (23 EXHIBITIONS, 21 TALKS/PRESENTATIONS, 7 PERFORMANCES, 8 WORKSHOPS) AT OUR HEADQUARTERS IN CARROLL GARDENS AND RU/KODA HOUSE AT GOVERNORS ISLAND, AND PARTNERING VENUES INCLUDING PS122 GALLERY, SAPAR CONTEMPORARY GALLERY IN TRIBECA, TROTTER & SHOLER GALLERY IN LES, KI SMITH GALLERY AND CHASHAMA MIDTOWN.IN 2023 RU WAS PROUD TO CONTINUE INVOLVEMENT WITH THE COMMUNITY MURAL PROJECT LED BY THE ARTS DEPARTMENT AT NYC HEALTH + HOSPITALS. RU MANAGED THE OPEN CALL TO SELECT 10 LOCAL ARTISTS OUT OF 145 APPLICATIONS WHO WERE COMMISSIONED TO CREATE 10 MURALS FOR HOSPITALS THROUGHOUT THE FIVE BOROUGHS. RU COMMUNITY BUILDING ACTIVITIES FOR THE RESIDENTS INCLUDE 24 FIELD TRIPS AND 12 WELCOME GATHERINGS IN 2023. THEY VISITED THE CENTER FOR THE HUMANITIES, JAMES GALLERY, INTERNATIONAL CENTER FOR PHOTOGRAPHY, SWISS INSTITUTE, ANOTHER SPACE, WESTBETH STUDIOS, THE CLEMENTE, ELIZABETH FOUNDATION FOR THE ARTS, A.I.R. GALLERY IN DUMBO, THE MUSEUM OF MOVING IMAGE, BRONX MUSEUM, DIEU DONN, WAVEHILL, DIA BEACON, FAURSCHOU MUSEUM, STORM KING, QUEENS MUSEUM, 601 ARTSPACE, SMACK MELLON, AMERICAS SOCIETY, APEXART, MISHKIN GALLERY AT BARUCH COLLEGE, POSTERHOUSE, THE ART STUDENTS LEAGUE OF NEW YORK AND THE SHED.

    Expenses $664,171 · Grants $130,750 · Revenue $12,560

As filed on the 2023 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
    $65,000
    From this org
    $65,000
    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

  • 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

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
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202442959349300229

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.