PERFORMANCE SPACE 122 INC

EIN: 133522283 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,923,761
Total Expenses
$2,849,936
Total Assets
$1,626,208
Net Assets
$1,457,840
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
PATI HERTLING
Phone
2124775829
Tax Period
2023-07-01 to 2024-06-30

PERFORMANCE SPACE 122 INC, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 48% operating deficit.

Mission

FOR OVER FOUR DECADES, PERFORMANCE SPACE NEW YORK HAS BEEN A HUB FOR CONTEMPORARY PERFORMANCE AND AN ACTIVE MEMBER OF THE CULTURAL COMMUNITY IN NEW YORK CITY AND THROUGHOUT THE WORLD. NURTURING AND ENCOURAGING CREATIVE RISK-TAKING IN THE PRESENTATON OF LIVE PERFORMANCE IS A HALLMARK OF PERFORMANCE SPACE NEW YORK'S ARTISTIC VISION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,672,479
Program Service Revenue $169,209
Investment Income $72,162
Other Revenue $9,911
TOTAL REVENUE $1,923,761

Expense Breakdown

Grants Paid $16,108
Salaries & Benefits $1,412,688
Fundraising Expenses $381,689
Program Expenses $2,181,676
Other Expenses $1,421,140
TOTAL EXPENSES $2,849,936

Year-over-Year Comparison

2023 2022 Change
Revenue $1,923,761 $3,607,241 -0.5%
Expenses $2,849,936 $2,557,315 +0.1%
Net Income $-926,175 $1,049,926 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
92
Volunteers
18

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
6
$153,034
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROXANE GAY PRESIDENT (THROUGH 2/2024) 1.00
Officer Director
$0 $0 $0
THOMAS ROM BOARD CHAIR (SINCE 3/2024) 1.00
Officer Director
$0 $0 $0
TED OBERWAGER TREASURER 1.00
Officer Director
$0 $0 $0
DEBBIE MILLMAN SECRETARY (THROUGH 2/2024) 1.00
Officer Director
$0 $0 $0
MEAGHAN GRAGG SECRETARY AND VP (SINCE 3/2024) 1.00
Officer Director
$0 $0 $0
KERSTIN BRATSCH BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE EISENMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN GONZALEZ BOARD MEMBER 1.00
Director
$0 $0 $0
AUTUMN KNIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY LEE BOARD MEMBER 1.00
Director
$0 $0 $0
SOPHIE MORNER BOARD MEMBER 1.00
Director
$0 $0 $0
JACKSON POLYS BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS ROM BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK SPELMAN BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA HERTLING SENIOR DIRECTOR 40.00
Officer
$125,591 $27,443 $153,034
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
2025 No data No data No data No data
2024 $1,923,761 $2,849,936 $1,626,208 $-926,175
2023 $3,607,241 $2,557,315 $2,599,538 $1,049,926
2022 $1,981,557 $2,101,811 $1,473,192 $-120,254
2021 $1,599,433 $1,591,935 $1,843,709 $7,498
2020 $2,285,856 $1,794,088 $1,866,108 $491,768
2019 $2,036,999 $2,094,327 $1,106,243 $-57,328
2018 $1,184,103 $1,771,892 $1,348,590 $-587,789
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