JACK ARTS INC

EIN: 455346846 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$329,150
Total Expenses
$623,223
Total Assets
$1,104,775
Net Assets
$570,846
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
SKYE KOWALESKI
Phone
3477254856
Tax Period
2023-01-01 to 2023-12-31

JACK ARTS INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $329K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $623K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO OFFER PERFORMING ARTISTS A SPACE TO CREATE WORK, AND TO SHARE THAT WORK WITH OUR SURROUNDING COMMUNITY, MOSTLY THROUGH OUR FIFTY-SEAT PERFORMANCE VENUE, JACK. WE ALSO OFFER SPACE FOR CONVERSATIONS ON TOPICS OF IMPORTANCE TO OUR NEIGHBORHOOD.

Program Service Accomplishments

Program 1
Expenses: $481,090 Revenue: $39,454

WE ARE DEDICATED TO TWO PRIMARY AIMS AT JACK. THE FIRST IS TO SUPPORT EARLY CAREER ARTISTS BY OFFERING THEM SPACE AND GUIDANCE AT A CRUCIAL STAGE OF THEIR DEVELOPMENT. THIS INCLUDES PROVIDING...

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WE ARE DEDICATED TO TWO PRIMARY AIMS AT JACK. THE FIRST IS TO SUPPORT EARLY CAREER ARTISTS BY OFFERING THEM SPACE AND GUIDANCE AT A CRUCIAL STAGE OF THEIR DEVELOPMENT. THIS INCLUDES PROVIDING REHEARSAL SPACE, MARKETING SUPPORT, TECHNICAL SUPPORT AND ARTISTIC FEEDBACK FROM JACKS CO-DIRECTORS AND STAFF. WE GIVE ARTISTS FULL CREATIVE AUTONOMY OVER THEIR WORK AND VISION, AIMING TO GIVE ARTISTS A SPACE TO DEVELOP THE WORK, CREATIVE VISIONS AND IDEAS FREELY. IN 2023, WE PRESENTED NEARLY 80 THEATER, MUSIC, AND DANCE PERFORMANCES. OUR SECOND AIM IS TO HOLD SPACE FOR DIALOGUE AND COMMUNITY BUILDING AMONGST OUR NEIGHBORS BY FACILITATING SOCIAL GATHERINGS, PUBLIC FORUMS, TOWN HALLS, ENGAGEMENT ACTIVITIES WITH ARTISTS.

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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 $260,904
Program Service Revenue $39,454
Investment Income $6,543
Other Revenue $22,249
TOTAL REVENUE $329,150

Expense Breakdown

Grants Paid $3,414
Salaries & Benefits $258,288
Fundraising Expenses $33,404
Program Expenses $481,090
Other Expenses $361,521
TOTAL EXPENSES $623,223

Year-over-Year Comparison

2023 2022 Change
Revenue $329,150 $685,250 -0.5%
Expenses $623,223 $574,033 +0.1%
Net Income $-294,073 $111,217 -3.6%
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
16
Independent Members
14
Employees
7
Volunteers
3

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
$134,160
Total Directors
16
$134,160
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SKYE KOWALESKI CO-DIRECTOR 40.00
Officer Director
$68,896 $0 $68,896
JORDANA DE LA CRUZ CO-DIRECTOR 40.00
Officer Director
$65,264 $0 $65,264
DEEARAH WRIGHT CO-CHAIR 1.00
Officer Director
$0 $0 $0
SAMANTHA JOHNSON CO-CHAIR 1.00
Officer Director
$0 $0 $0
ALEC DUFFY TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN LAPIN SECRETARY 1.00
Officer Director
$0 $0 $0
MIMI LIEN BOARD MEMBER 1.00
Director
$0 $0 $0
MEREDITH PHILLIPS-ALMEIDA BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTANY WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
AZURE D OSBORNE-LEE BOARD MEMBER 1.00
Director
$0 $0 $0
NIKAURY RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
DRAE CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
JENNI BOWMAN BOARD MEMBER 1.00
Director
$0 $0 $0
TAAHIRA MAYNARD BOARD MEMBER 1.00
Director
$0 $0 $0
MEROPI PEPONIDES BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS O KRIEGSMANN 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 No data No data No data No data
2023 $329,150 $623,223 $1,104,775 $-294,073
2022 $685,250 $574,033 $1,449,776 $111,217
2021 $530,454 $398,299 $858,552 $132,155
2020 $471,803 $285,483 $561,596 $186,320
2019 $408,846 $245,405 $353,124 $163,441
2018 $266,022 $262,086 $115,839 $3,936
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