CONEY ISLAND USA

EIN: 133215645 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$671,816
Total Expenses
$727,054
Total Assets
$5,413,961
Net Assets
$5,413,961
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NY
Principal Officer
James Fitzsimmons
Phone
7188603502
Tax Period
2023-01-01 to 2023-12-31

CONEY ISLAND USA, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $672K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Net assets of $5.4M represent 97 months of operating reserves.

Mission

TO OPERATE A MULTI-ARTS CENTER LEADING A CULTURAL REVIVAL OF A HISTORIC DISTRICT. BY COMBINING PERFORMING/VISUAL ARTS WITH IMAGINATION WE BRING TO THE COMMUNITY AND ARTISTS TO CONEY ISLAND. WE SEEK TO REVITALIZE OUR COMMUNITY ATTRACTING INTERNATIONAL RECOGNITION AND VISITORS WHILE PROVIDING LOW-COST ART TO A MASS, WORKING CLASS, NYC AUDIENCE

Program Service Accomplishments

Program 1
Expenses: $246,730 Revenue: $0

SIDESHOW BY THE SEASHORE: AMERICAS LAST TRADITIONAL STATIONARY 10-IN-1 SIDE SHOW INCLUDES ENDANGERED TRADITIONAL SIDESHOW ACTS SUCH AS SWORD SWALLOWING CONTORTIONISTS BED OF NAILS ETC. THIS PROGRAM...

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SIDESHOW BY THE SEASHORE: AMERICAS LAST TRADITIONAL STATIONARY 10-IN-1 SIDE SHOW INCLUDES ENDANGERED TRADITIONAL SIDESHOW ACTS SUCH AS SWORD SWALLOWING CONTORTIONISTS BED OF NAILS ETC. THIS PROGRAM PRESERVES AN IMPORTANT SET OF AMERICAN TRADITIONAL PERFORMANCE FORMS FOR THE AUDIENCE

Program 2
Expenses: $126,107 Revenue: $0

MERMAID PARADE: ANNUAL ART PARADE THAT BRINGS ARTISTS AND CREATIVE INDIVIDUALS TO THE BEACH IN THE SPIRIT OF CONEY ISLAND'S HISTORIC MARDI GRAS PARADES. OVER 1,500 INDIVIDUALS CREATE THEIR OWN FLOATS...

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MERMAID PARADE: ANNUAL ART PARADE THAT BRINGS ARTISTS AND CREATIVE INDIVIDUALS TO THE BEACH IN THE SPIRIT OF CONEY ISLAND'S HISTORIC MARDI GRAS PARADES. OVER 1,500 INDIVIDUALS CREATE THEIR OWN FLOATS AND COSTUMES AND PARADE THROUGH THE AMUSEMENT AREAS IN FRONT OF AN AUDIENCE OF OVER 750,000 ANNUALLY

Program 3
Expenses: $82,244 Revenue: $0

MUSEUM: THE CONEY ISLAND MUSEUM - THE ONLY MUSEUM IN THE UNITED STATES DEDICATED TO TELLING STORIES ABOUT THE HISTORY OF CONEY ISLAND. ALSO CIUSA.'s VISUAL ART PROGRAM. THE MUSEUM COLLECTION CONTAINS...

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MUSEUM: THE CONEY ISLAND MUSEUM - THE ONLY MUSEUM IN THE UNITED STATES DEDICATED TO TELLING STORIES ABOUT THE HISTORY OF CONEY ISLAND. ALSO CIUSA.'s VISUAL ART PROGRAM. THE MUSEUM COLLECTION CONTAINS ARTIFACTS AND MATERIALS RELATED TO CONEY ISLAND's HISTORY AND TO THE HISTORY OF AMERICAN POPULAR CULTURE. EXHIBITION BRINGS VISUAL ARTISTS TO THE COLLECTION AND ASKS THEM TO TELL UNIQUE AND EXCITING STORIES USING THE OBJECTS IN THE COLLECTION AS A MEDIUM

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $172,216
Program Service Revenue $490,379
Investment Income $95
Other Revenue $9,126
TOTAL REVENUE $671,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $504,788
Fundraising Expenses $63,634
Program Expenses $548,290
Other Expenses $222,266
TOTAL EXPENSES $727,054

Year-over-Year Comparison

2023 2022 Change
Revenue $671,816 $795,730 -0.2%
Expenses $727,054 $877,722 -0.2%
Net Income $-55,238 $-81,992 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
34
Volunteers
5

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$130,787
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Rinn Artistic Director 40
Officer
$72,287 $0 $72,287
James Fitzsimmons Executive Director 40
Officer
$58,500 $0 $58,500
Kate Dale Director 0
Director
$0 $0 $0
RICHARD HIMES Director 0
Director
$0 $0 $0
Lisa Schaefer Director 0
Director
$0 $0 $0
Jeffery Birnbaum Chairman of the Board 0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $671,816 $727,054 $5,413,961 $-55,238
2022 $795,730 $877,722 $5,469,199 $-81,992
2021 $966,468 $866,311 $5,551,191 $100,157
2020 $314,918 $282,800 $5,557,596 $32,118
2019 $944,768 $626,557 $5,525,478 $318,211
2018 $929,618 $836,211 $6,209,257 $93,407
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