THE ANIMATION PROJECT INC

EIN: 262318845 501(c)(3) Education

NEW YORK, NY

Total Revenue
$1,657,301
Total Expenses
$1,822,029
Total Assets
$452,223
Net Assets
$430,368
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
BRIAN AUSTIN
Phone
6462466195
Tax Period
2023-01-01 to 2023-12-31

THE ANIMATION PROJECT INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

The Animation Project (TAP) believes that in order to effect change in the lives of youth, we must first build the emotional coping skills, especially impulse control, necessary to ensure that they make good choices. Secondly, we must improve their interpersonal skills by promoting collaboration, healthy self-esteem and self-governance, enabling the autonomy needed to fulfill adult roles and responsibilities. Thirdly, by capitalizing on the emotional and social growth of our initial steps, we are able to create an environment whereby youth are able to effectively learn and make use of practical technical skills (in our case, digital art technology).

Program Service Accomplishments

Program 1
Expenses: $1,544,655 Revenue: $1,519,051

The Made in New York Animation Project (TAP) offered high quality virtual programming in New York City this year, serving over 1,500 New Yorkers and providing them with the emotional, social and...

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The Made in New York Animation Project (TAP) offered high quality virtual programming in New York City this year, serving over 1,500 New Yorkers and providing them with the emotional, social and technical support they need to thrive now and well into their bright futures. In the midst of increasingly turbulent times and unprecedented need, we have been able to continue to offer young people safe, creative and aspirational spaces to tell their stories, explore their potential and successfully work through some of the personal and professional obstacles that the pandemic only amplified.TAP also returned to in-person work at 7 NeON sites. Our accessible digital learning platform is designed to engage students across all levels of programming, providing them with continuity in skill-building, creative and imaginative thinking and professional development. TAP Animators and Licenced Creative Arts Therapists led the curriculum via Zoom.Our virtual training program (formerly known as the TAP Internship Program) remains highly successful and impactful. This year, TAP graduated 14 aspiring animators from an introductory Level I Training Program and 9 from an advanced Level II Training Program. 10 of this years graduates have acquired placements, either at TAP STUDIO, externally within the industry or further educational opportunities in animation. Post-graduate placements include the NYC Parks Dept, Mighty Oak Studio, The Mod Mentor, Paramount and advanced study at FITs Communication Design department and The New Schools Design and Technology department.

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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 $138,250
Program Service Revenue $1,519,051
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,657,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,098,501
Fundraising Expenses $121,303
Program Expenses $1,544,655
Other Expenses $723,528
TOTAL EXPENSES $1,822,029

Year-over-Year Comparison

2023 2022 Change
Revenue $1,657,301 $2,218,035 -0.3%
Expenses $1,822,029 $1,972,320 -0.1%
Net Income $-164,728 $245,715 -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
8
Independent Members
7
Employees
18
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
6
$359,664
Total Directors
8
$112,259
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEREDITH DEAN ASST. ED 40.00
Officer
$130,376 $17,029 $147,405
BRIAN AUSTIN Executive Dir. 40.00
Officer Director
$102,242 $10,017 $112,259
LAURIE PARISE MANAGING DIRECT 40.00
Officer
$100,000 $0 $100,000
LAURENCE AUSTIN Director 1.00
Director
$0 $0 $0
MATTHEW MUNN Director 1.00
Director
$0 $0 $0
LAUREN MACKSOUD Director 1.00
Director
$0 $0 $0
ROSE POLIDORO Director 1.00
Director
$0 $0 $0
RAMONA ROOPNARINE Chairman 1.00
Officer Director
$0 $0 $0
FRANK MAISELLO Treasurer 1.00
Officer Director
$0 $0 $0
JOSE GOMEZ Secretary 1.00
Officer 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 $1,657,301 $1,822,029 $452,223 $-164,728
2022 $2,218,035 $1,972,320 $623,081 $245,715
2022 $2,218,035 $1,972,320 $623,081 $245,715
2021 $2,016,660 $1,875,185 $370,768 $141,475
2021 $2,016,796 $1,885,455 $361,514 $131,341
2020 $2,220,786 $2,375,414 $241,476 $-154,628
2019 $1,835,685 $1,886,595 $382,683 $-50,910
2018 $1,448,091 $1,531,931 $453,056 $-83,840
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