THE WASSAIC PROJECT INC

EIN: 272691962 501(c)(3) Arts, Culture & Humanities

WASSAIC, NY

Total Revenue
$1,530,234
Total Expenses
$1,324,562
Total Assets
$2,686,533
Net Assets
$1,874,160
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
BOWIE ZUNINO
Phone
8559277242
Tax Period
2023-04-01 to 2024-03-31

THE WASSAIC PROJECT INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 13% surplus.

Mission

THE WASSAIC PROJECT, INC. (WASSAIC PROJECT) IS A CONTEMPORARY ARTS ORGANIZATION THAT USES ART AND ARTS EDUCATION TO FOSTER POSITIVE SOCIAL CHANGE, BUILD LOCAL PRIDE, AND NURTURE PARTNERSHIPS BETWEEN ARTISTS AND OUR COMMUNITY. LOCATED IN THE HISTORIC HAMLET OF WASSAIC, NY, THE WASSAIC PROJECT PRODUCES YEAR-ROUND ARTS EDUCATION PROGRAMMING, EXHIBITIONS, LECTURES, WORKSHOPS, AND PERFORMANCES.

Program Service Accomplishments

Program 1
Expenses: $330,178 Revenue: $115,216

EDUCATIONPRODUCES AND PROVIDES EDUCATIONAL PROGRAMS, INCLUDING TOURS, LESSONS, LECTURES, AND WORKSHOPS TO EDUCATE STUDENTS AND THE GENERAL PUBLIC ABOUT CONTEMPORARY FINE AND PERFORMING ARTS. PROGRAMS...

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EDUCATIONPRODUCES AND PROVIDES EDUCATIONAL PROGRAMS, INCLUDING TOURS, LESSONS, LECTURES, AND WORKSHOPS TO EDUCATE STUDENTS AND THE GENERAL PUBLIC ABOUT CONTEMPORARY FINE AND PERFORMING ARTS. PROGRAMS ARE CONDUCTED ON-SITE IN THE FREE EDUCATION CENTER CALLED THE "ART NEST." PROGRAMS ARE DEVELOPED WITH COMMUNITY AND YOUTH INPUT AND HAVE SERVED OVER 6,000 CHILDREN AND YOUNG ADULTS. TEACHING ARTISTS, IN PARTNERSHIP WITH OUR EDUCATION DIRECTOR, ALSO WORK DIRECTLY WITH STUDENTS FROM THE LOCAL PUBLIC MIDDLE AND HIGH SCHOOLS YEAR-ROUND ON SITE THROUGH OUR JUNIOR AND SENIOR VARSITY AFTERSCHOOL PROGRAM.

Program 2
Expenses: $266,838 Revenue: $184,406

EXHIBITIONSPRODUCES, CURATES, AND HOSTS YEAR-ROUND EXHIBITIONS OF CONTEMPORARY ART. THE ORGANIZATION'S EXHIBITIONS ARE OPEN WEEKENDS, BY APPOINTMENT, AND ARE FREE OF CHARGE TO THE GENERAL PUBLIC IN A...

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EXHIBITIONSPRODUCES, CURATES, AND HOSTS YEAR-ROUND EXHIBITIONS OF CONTEMPORARY ART. THE ORGANIZATION'S EXHIBITIONS ARE OPEN WEEKENDS, BY APPOINTMENT, AND ARE FREE OF CHARGE TO THE GENERAL PUBLIC IN A RURAL COMMUNITY UNDERSERVED BY THE ARTS. THE EXHIBITIONS GENERALLY PRESENT A SURVEY OF EMERGING ARTISTS INTEGRATED INTO THE UNIQUE ARCHITECTURE OF THE MAIN FACILITY, THE MAXON MILLS, A RESTORED AND REPURPOSED GRAIN ELEVATOR. TO DATE, THE WASSAIC PROJECT HAS FEATURED THE WORK OF OVER 3,000 ARTISTS IN OUR 8,000+ SQUARE FOOT GALLERY SPACE. THE ORGANIZATION IS ENTIRELY RESPONSIBLE FOR THE OVERALL MANAGEMENT OF ITS EXHIBITIONS, INCLUDING THE RECRUITMENT OF ARTISTS, THE PREPARATION OF GROUNDS AND FACILITIES, BUSINESS AND RISK MANAGEMENT, PROMOTION, AND EVENT COORDINATION.

Program 3
Expenses: $204,403

PUBLIC PROGRAMMINGPRODUCES AND HOSTS COMMUNITY PROGRAMS AND SEASONAL EVENTS OF CONTEMPORARY ART AND PERFORMANCE IN THE HAMLET OF WASSAIC. THE PROGRAMS AND EVENTS ARE MOSTLY FREE OF CHARGE AND OPEN TO...

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PUBLIC PROGRAMMINGPRODUCES AND HOSTS COMMUNITY PROGRAMS AND SEASONAL EVENTS OF CONTEMPORARY ART AND PERFORMANCE IN THE HAMLET OF WASSAIC. THE PROGRAMS AND EVENTS ARE MOSTLY FREE OF CHARGE AND OPEN TO THE GENERAL PUBLIC IN A RURAL COMMUNITY UNDERSERVED BY THE ARTS. THROUGH SIXTEEN SEASONS, THE PROGRAMS HAVE SERVED OVER 90,000 ATTENDEES AND FEATURED 1000+ ARTISTS, DANCERS, MUSICIANS, AND FILMMAKERS. THE WASSAIC PROJECT IS ENTIRELY RESPONSIBLE FOR OVERALL MANAGEMENT OF THE EVENTS, INCLUDING THE RECRUITMENT OF ARTISTS AND PERFORMERS, THE PREPARATION OF GROUNDS AND FACILITIES, BUSINESS AND RISK MANAGEMENT, AND PROMOTION AND EVENTS COORDINATION.

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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 $1,187,485
Program Service Revenue $330,240
Investment Income $6,721
Other Revenue $5,788
TOTAL REVENUE $1,530,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $599,176
Fundraising Expenses $141,792
Program Expenses $935,664
Other Expenses $725,386
TOTAL EXPENSES $1,324,562

Year-over-Year Comparison

2023 2022 Change
Revenue $1,530,234 $1,537,971 0.0%
Expenses $1,324,562 $1,013,881 +0.3%
Net Income $205,672 $524,090 -0.6%
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
14
Independent Members
14
Employees
9
Volunteers
17

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
7
$247,200
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA W KIVITZ CHAIR/PRESIDENT 8.00
Officer Director
$0 $0 $0
GENEVIEVE CHRISTY TO JAN 2024 TREASURER 2.00
Officer Director
$0 $0 $0
SUZANNE HADER AS OF JAN 2024 TREASURER 2.00
Officer Director
$0 $0 $0
JEANNE GUTIERREZ SECRETARY 2.00
Officer Director
$0 $0 $0
CHARMAINE WARREN DIRECTOR 2.00
Director
$0 $0 $0
DAN STERNBERG DIRECTOR 2.00
Director
$0 $0 $0
DELANO DUNN DIRECTOR 2.00
Director
$0 $0 $0
JACK GAERY AS OF JAN 2024 DIRECTOR 2.00
Director
$0 $0 $0
JASON KLEIN DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER DOWLEY TO JAN 2024 DIRECTOR 2.00
Director
$0 $0 $0
JESSICA HOLSEY AS OF JAN 2024 DIRECTOR 2.00
Director
$0 $0 $0
JILLIAN DUNHAM DIRECTOR 2.00
Director
$0 $0 $0
KAREN ZUKOWSKI DIRECTOR 2.00
Director
$0 $0 $0
LUCY COMMONER DIRECTOR 2.00
Director
$0 $0 $0
MOLLY GOCHMAN DIRECTOR 2.00
Director
$0 $0 $0
MUNAWAR AHMED TO JAN 2024 DIRECTOR 2.00
Director
$0 $0 $0
NICK MERRILL DIRECTOR 2.00
Director
$0 $0 $0
BOWEN BARNETT-ZUNINO CO-DIRECTOR 40.00
Officer
$73,167 $10,433 $83,600
JEFF BARNETT-WINSBY CO-DIRECTOR 40.00
Officer
$73,167 $10,433 $83,600
EVE BIDDLE CO-DIRECTOR 40.00
Officer
$73,167 $6,833 $80,000
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 $1,530,234 $1,324,562 $2,686,533 $205,672
2023 $1,537,971 $1,013,881 $2,263,729 $524,090
2022 $1,201,950 $1,072,015 $1,672,624 $129,935
2021 $1,384,091 $679,114 $1,583,770 $704,977
2020 $729,172 $761,343 $722,892 $-32,171
2020 $733,895 $761,343 $722,892 $-27,448
2019 $639,336 $651,160 $135,765 $-11,824
2018 $617,477 $641,010 $133,687 $-23,533
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