BROOKLYN ART INCUBATOR INC

EIN: 300156146 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$710
Total Expenses
$1,157
Total Assets
$344
Net Assets
$-33,226
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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
2003
Legal Domicile
NY
Tax Period
2023-01-01 to 2023-12-31

BROOKLYN ART INCUBATOR INC, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $710 in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 63% operating deficit.

Mission

SUPPORT YOUTH AND FAMILIES THROUGH ARTS

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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 $710
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63
Fundraising Expenses $0
Program Expenses $1,157
Other Expenses $1,094
TOTAL EXPENSES $1,157

Year-over-Year Comparison

2023 2022 Change
Revenue $710 $11,005 -0.9%
Expenses $1,157 $55,947 -1.0%
Net Income $-447 $-44,942 -1.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDITH LANGFORD SECRETARYTREASURER 30.00
Officer
$0 $0 $0
CARL HIXSON CHAIRPERSON 30.00
Officer
$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 $710 $1,157 $344 $-447
2022 $11,005 $55,947 $791 $-44,942
2021 $19,935 $21,153 $14,043 $-1,218
2020 $7,977 $40,556 $18,631 $-32,579
2018 $178,600 $158,590 $36,577 $20,010
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