RHIZOME COMMUNICATIONS INC co NEW MUSEUM OF CONTEMPORARY ART

EIN: 133995725 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,422,746
Total Expenses
$1,156,656
Total Assets
$716,915
Net Assets
$527,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
MICHAEL CONNOR
Phone
2122191288
Tax Period
2024-07-01 to 2025-06-30

RHIZOME COMMUNICATIONS INC co NEW MUSEUM OF CONTEMPORARY ART, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 19% operating margin.

Mission

TO CHAMPION BORN-DIGITAL ART AND CULTURE THROUGH COMMISSIONS, EXHIBITION, CRITICAL PUBLISHING, AND PRESERVATION PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $1,000,702 Revenue: $105,352

TO EXPOSE THE PUBLIC TO WORKS OF BOTH EMERGING AND ESTABLISHED MEDIA ARTISTS, THROUGH A WEBSITE, EMAIL LISTS AND PROGRAM EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,299,109
Program Service Revenue $99,986
Investment Income $110
Other Revenue $23,541
TOTAL REVENUE $1,422,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $512,584
Fundraising Expenses $57,601
Program Expenses $1,000,702
Other Expenses $644,072
TOTAL EXPENSES $1,156,656

Year-over-Year Comparison

2024 2023 Change
Revenue $1,422,746 $821,964 +0.7%
Expenses $1,156,656 $1,210,294 0.0%
Net Income $266,090 $-388,330 -1.7%
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
16
Independent Members
16
Employees
5
Volunteers
6

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
$249,210
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CONNOR CO-EXECUTIVE DIRECTOR 40.00
Officer
$117,746 $12,894 $130,640
MAKAYLA BAILEY CO-EXECUTIVE DIRECTOR 40.00
Officer
$102,737 $15,833 $118,570
LINDSAY HOWARD BOARD CHAIR 1.00
Officer Director
$0 $0 $0
GREG PASS BOARD CHAIR (LEFT 11/7/2024) 1.00
Officer Director
$0 $0 $0
FRED BENENSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
LISA ROUMELL TREASURER 1.00
Officer Director
$0 $0 $0
JK BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM PALMER BOARD MEMBER 1.00
Director
$0 $0 $0
LISA PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK TRIBE BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN WONG BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WOTOWICZ BOARD MEMBER 1.00
Director
$0 $0 $0
TRACY CHOU BOARD MEMBER 1.00
Director
$0 $0 $0
HILARY NEVE BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH OBADIKE BOARD MEMBER 1.00
Director
$0 $0 $0
MENDI OBADIKE BOARD MEMBER 1.00
Director
$0 $0 $0
TREVOR MCFEDRIES BOARD MEMBER (LEFT 9/18/2024) 1.00
Director
$0 $0 $0
RON ROSENZWEIG BOARD MEMBER 1.00
Director
$0 $0 $0
SKAWENNATI BOARD MEMBER 1.00
Director
$0 $0 $0
GABRIEL WHALEY BOARD MEMBER 1.00
Director
$0 $0 $0
DOROTHY CHOU BOARD MEMBER 1.00
Director
$0 $0 $0
RENNY GLEESON BOARD MEMBER 1.00
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
2025 $1,419,490 $1,157,400 $672,915 $262,090
2025 $1,422,746 $1,156,656 $716,915 $266,090
2024 $821,964 $1,210,294 $363,096 $-388,330
2024 No data No data No data No data
2023 $882,002 $1,312,087 $1,147,646 $-430,085
2023 $756,974 $1,211,908 $1,122,646 $-454,934
2022 $2,163,941 $1,149,266 $1,209,872 $1,014,675
2021 $785,362 $935,315 $259,839 $-149,953
2020 $818,729 $1,150,667 $529,820 $-331,938
2019 $690,011 $1,345,447 $621,724 $-655,436
2018 $1,702,771 $1,235,650 $1,281,770 $467,121
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