NO LONGER EMPTY INC

EIN: 273160427 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$172,435
Total Expenses
$247,006
Total Assets
$119,897
Net Assets
$116,940
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Principal Officer
CHRISTINE LICATA
Phone
9174262666
Tax Period
2020-01-01 to 2020-12-31

NO LONGER EMPTY INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $172K in total revenue in fiscal year 2020. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $247K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO WIDEN THE PUBLIC ENGAGEMENT FOR CONTEMPORARY ART, TO PROMOTE THE WORK OF ARTISTS, AND TO DEMONSTRATE THE CAPACITY OF ART TO REVITALIZE COMMUNITIES. NO LONGER EMPTY CURATES EXHIBITIONS AS WELL AS COLLABORATES AND HOSTS CULTURUAL AND EDUCATONAL PROGRAMMING.

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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 (2020)

Revenue Breakdown

Contributions & Grants $172,309
Program Service Revenue $126
Investment Income $0
Other Revenue $0
TOTAL REVENUE $172,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,118
Fundraising Expenses $30,289
Program Expenses $169,517
Other Expenses $125,888
TOTAL EXPENSES $247,006

Year-over-Year Comparison

2020 2019 Change
Revenue $172,435 $216,447 -0.2%
Expenses $247,006 $384,002 -0.4%
Net Income $-74,571 $-167,555 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
2
Volunteers
N/A

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
5
$68,539
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE LICATA EXECUTIVE DI 40.00
Officer
$68,539 $0 $68,539
FRANCES BEINECKE BOARD MEMBER N/A
Director
$0 $0 $0
JULIA DRAGANOVIC BOARD MEMBER N/A
Director
$0 $0 $0
NAOMI HERSSON-RINGSKOG BOARD MEMBER N/A
Director
$0 $0 $0
AMY KAUFMAN SECRETARY N/A
Officer Director
$0 $0 $0
JON KIRKLAND BOARD MEMBER N/A
Director
$0 $0 $0
DARA METZ BOARD MEMBER N/A
Director
$0 $0 $0
DANNI PASCUMAI BOARD MEMBER N/A
Director
$0 $0 $0
RIVKA SAKER BOARD MEMBER N/A
Director
$0 $0 $0
ISABEL SHEINMAN BOARD MEMBER N/A
Director
$0 $0 $0
APRIL DE SIMONE BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL STEINBERG CO-CHAIR N/A
Officer Director
$0 $0 $0
NANCY SCHWARTZ WEINSTOCK CO-CHAIR N/A
Officer Director
$0 $0 $0
JOANNA WU TREASURER N/A
Officer Director
$0 $0 $0
BRETT ZACCARDI BOARD MEMBER N/A
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
2020 $172,435 $247,006 $119,897 $-74,571
2019 $216,447 $384,002 $195,812 $-167,555
2018 $628,500 $854,219 $389,759 $-225,719
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