GRAND CENTRAL ATELIER INC

EIN: 463993047 501(c)(3) Arts, Culture & Humanities

RIDGEWOOD, NY

Total Revenue
$1,889,172
Total Expenses
$1,942,848
Total Assets
$2,378,396
Net Assets
$121,680
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
JUSTINE KALB
Phone
7183616357
Tax Period
2023-09-01 to 2024-08-31

GRAND CENTRAL ATELIER INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023.

Mission

TO EDUCATE THE PUBLIC ABOUT CLASSICALLY INSPIRED ART, THE GCA SPONSORS LECTURES, ARTISTIC COMPETITIONS AND EXHIBITIONS. THE GOAL IS TO PROMOTE AND CELEBRATE THE BEST CONTEMPORARY TALENTS WORKING IN CLASSICALLY INSPIRED REPRESENTATIONAL MODE.

Program Service Accomplishments

Program 1
Expenses: $1,567,407 Revenue: $1,473,166

ACADEMIC PROGRAMS:ACADEMIC PROGRAMS ARE COMPRISED OF A FULL TIME, FOUR YEAR UNACCREDITED ACADEMIC PROGRAMS: PROGRAM OF TRAINING CLASSICAL DRAWING, PAINTING AND SCULPTURE. INTERNATIONAL STUDENTS ON...

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ACADEMIC PROGRAMS:ACADEMIC PROGRAMS ARE COMPRISED OF A FULL TIME, FOUR YEAR UNACCREDITED ACADEMIC PROGRAMS: PROGRAM OF TRAINING CLASSICAL DRAWING, PAINTING AND SCULPTURE. INTERNATIONAL STUDENTS ON M-1 VISAS MAY ENROLL FOR THREE YEARS. CONTINUING EDUCATION INCLUDES YEAR-ROUND MONTHLY EVENING AND WEEKEND CLASSES. IN RESPONSE TO COVID-19 CONDITIONS, THESE CLASSES MOVED ONLINE. A PROGRAM OF SUMMER WORKSHOPS LASTING 3 - 20 DAYS TAKES PLACE EVERY SUMMER. A HANDFUL OF SUMMER WORKSHOPS IN LANDSCAPE PAINTING ARE HELD OUTDOORS. FINALLY, WE OFFER A PROGRAM OF SHARED STUDIOS AND RESOURCES TO GRADUATES OF OUR PROGRAM WHO ARE GETTING THEIR PROFESSIONAL FOOTING.

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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 $416,006
Program Service Revenue $1,473,166
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,889,172

Expense Breakdown

Grants Paid $121,750
Salaries & Benefits $968,950
Fundraising Expenses $87,841
Program Expenses $1,567,407
Other Expenses $852,148
TOTAL EXPENSES $1,942,848

Year-over-Year Comparison

2023 2022 Change
Revenue $1,889,172 $1,777,749 +0.1%
Expenses $1,942,848 $2,036,092 0.0%
Net Income $-53,676 $-258,343 -0.8%
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

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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
6
Independent Members
6
Employees
27
Volunteers
7

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
3
$130,855
Total Directors
8
$130,855
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACOB COLLINS CHAIRMAN / TREASURER 1.00
Officer Director
$0 $0 $0
EDWARD MINOFF SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT SIMON DIRECTOR 1.00
Director
$0 $0 $0
JAY NEWMAN DIRECTOR 1.00
Director
$0 $0 $0
RICHARD CAMERON DIRECTOR 1.00
Director
$0 $0 $0
JOHN BRITTON DIRECTOR 1.00
Director
$0 $0 $0
KATIE WHIPPLE DIRECTOR 1.00
Director
$0 $0 $0
JUSTINE KALB EXECUTIVE DIRECTOR 40.00
Officer Director
$104,883 $25,972 $130,855
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
2025 No data No data No data No data
2024 $1,889,172 $1,942,848 $2,378,396 $-53,676
2023 $1,777,749 $2,036,092 $2,609,700 $-258,343
2022 $1,436,942 $1,757,671 $1,022,176 $-320,729
2021 $1,820,651 $1,619,023 $1,260,161 $201,628
2020 $1,835,087 $1,409,613 $835,976 $425,474
2019 $1,495,854 $1,405,548 $574,706 $90,306
2018 $1,153,181 $1,233,807 $474,997 $-80,626
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