THE INHEIRITANCE PROJECT LTD

EIN: 320592479 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$466,527
Total Expenses
$458,539
Total Assets
$163,371
Net Assets
$79,345
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
Jonathan Adam Ross
Phone
3476452789
Tax Period
2024-01-01 to 2024-12-31

THE INHEIRITANCE PROJECT LTD, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $467K in total revenue in fiscal year 2024.

Mission

The In[HEIR]itance Project creates space for communities to navigate challenging civic conversations through collaborative theater projects inspired by inherited texts, traditions, cultures, customs, and beliefs.

Program Service Accomplishments

Program 1
Expenses: $326,637 Revenue: $4,729

The Inheritance Theater Project is a national arts organization that works with intersectional, intergenerational, and interfaith communities to build relationships across societal divides through...

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The Inheritance Theater Project is a national arts organization that works with intersectional, intergenerational, and interfaith communities to build relationships across societal divides through collaborative theater projects inspired by shared cultural touchstones. Since its founding in 2015, the company has employed over 240 artists to engage over 12,000 people in 17 cities in the creation of original theater pieces. In FY 2024, we undertook four major projects. They are described below:Juneteenth Seder: Los AngelesIn LA, we completed our sixth project in our Exodus in America Series. Working with over two dozen community partners including the Skirball Center, the Motion Picture Television Fund, the CAA Foundation, KIPP Philosphers Academy in Watts, the Black Jewish Entertainment Alliance, LA Jewish Federation, LAUSD, Grand Arts High School, and the LA Board of Supervisors, we engaged over a 1500 Angelenos to create and perform an original community-devised performance/eating experience called Guess Whos Coming to the Juneteenth Seder.Water Series: HobokenHoboken floods. Often. And the impact of that flooding is disproportionally felt in lower income areas of the city. Our artist team began a project in the fall of 2024 to navigating the tensions around this issue, working with the City of Hoboken Depts of Constituency Services and Cultural Affairs, Fund for a Better Waterfront, Mile Square Theater, Hoboken High School, All Saints Episcopal Parish, and other community partners. The final performance will premiere in early summer 2025.Civic Series: ChicagoIn a project funded, in part, by a new grant from the National Endowment for the Arts, our team began working with siloed communities on the South and West Sides of Chicago to explore the First Amendment of the US Constitution and the relationship these communities have to each other and to the freedoms guaranteed by that sacred civic text. Were partnering with some incredible local organizations including the Mikva Challenge, the Simple Good, First Presbyterian Church, the Civic Actors Studio at the University of Chicago, Congregation Rodfei Zedek, and the Free Street Theater for a devised theater project that will culminate in September of 2025.NYC Salon SeriesThroughout 2024, thanks to a Signature Grant from the Covenant Foundation, ITP has been incubating our model of engaging with religion, tradition, and text through a tremendously exciting series of salons in NYC engaging Black, Jewish, and Black-Jewish artists, clergy and civic leaders. These salons have taken place in private homes, a soul food restaurant, an art gallery, and at St James Presbyterian Church in Harlem. We know our model has the potential for maturation, and we are iterating and honing our methodology with an eye towards implementation and training for artists and educators nationwide.

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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 $461,797
Program Service Revenue $4,729
Investment Income $1
Other Revenue $0
TOTAL REVENUE $466,527

Expense Breakdown

Grants Paid $0
Salaries & Benefits $256,554
Fundraising Expenses $36,050
Program Expenses $326,637
Other Expenses $201,985
TOTAL EXPENSES $458,539

Year-over-Year Comparison

2024 2023 Change
Revenue $466,527 $443,495 +0.1%
Expenses $458,539 $385,784 +0.2%
Net Income $7,988 $57,711 -0.9%
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
10
Independent Members
10
Employees
5
Volunteers
750

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
$74,750
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jonathan Ross Executive Dir. 40.00
Officer
$74,750 $0 $74,750
Robert Brown Board Chair 4.00
Officer Director
$0 $0 $0
Tamar Newberger Vice-Chair 2.00
Officer Director
$0 $0 $0
Aimee Weiss Board member 2.00
Director
$0 $0 $0
Megan Whitman Secretary 1.00
Officer Director
$0 $0 $0
Gavin Berger Board member 1.00
Director
$0 $0 $0
Erika Atkins Treasurer 1.00
Officer Director
$0 $0 $0
Stephanie Dauman Board member 1.00
Director
$0 $0 $0
Jonah Platt Board member 1.00
Director
$0 $0 $0
Joy Vandervort-Cobb Board member 1.00
Director
$0 $0 $0
Jeff Gordman 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
2024 $466,527 $458,539 $163,371 $7,988
2023 $443,495 $385,784 $167,712 $57,711
2022 $250,680 $426,328 $84,766 $-175,648
2021 $453,606 $350,518 $203,632 $103,088
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