NEW YORK SCHOOL OF THE ARTS INC

EIN: 822273536 501(c)(3) Education

NEW YORK, NY

Total Revenue
$2,239,901
Total Expenses
$2,207,163
Total Assets
$1,857,592
Net Assets
$686,086
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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
2017
Legal Domicile
NY
Principal Officer
ELIZABETH LAWRENCE
Phone
6468809050
Tax Period
2023-07-01 to 2024-06-30

NEW YORK SCHOOL OF THE ARTS INC, founded in 2017, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023.

Mission

NEW YORK SCHOOL OF THE ARTS, INC. IS A SCHOOL OFFERING COURSES AND SPECIALIZED WORKSHOPS IN PAINTING, DRAWING, SCULPTURE, PRINTMAKING,ART THEORY AND OTHER SUBJECTS.

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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 $1,420,100
Program Service Revenue $785,540
Investment Income $0
Other Revenue $34,261
TOTAL REVENUE $2,239,901

Expense Breakdown

Grants Paid $0
Salaries & Benefits $834,169
Fundraising Expenses $155,909
Program Expenses $1,550,029
Other Expenses $1,372,994
TOTAL EXPENSES $2,207,163

Year-over-Year Comparison

2023 2022 Change
Revenue $2,239,901 $2,170,692 +0.0%
Expenses $2,207,163 $2,171,908 +0.0%
Net Income $32,738 $-1,216 -27.9%
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
5
Independent Members
5
Employees
27
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
3
$228,472
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAURIZIO PELLEGRIN EXECUTIVE DIRECTOR 40.00
Officer
$180,000 $48,472 $228,472
ELIZABETH LAWRENCE PRESIDENT 1.00
Officer Director
$0 $0 $0
DIANE SCHOTTENSTEIN SECRETARY 1.00
Officer Director
$0 $0 $0
ERIC J GRANNIS TREASURER 1.00
Director
$0 $0 $0
JOSEPH STOPPER BOARD MEMBER 1.00
Director
$0 $0 $0
MEREDITH BURNS BOARD MEMBER (RESIGNED JUNE 2024) 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
2025 No data No data No data No data
2024 $2,239,901 $2,207,163 $1,857,592 $32,738
2023 $2,170,692 $2,171,908 $1,824,854 $-1,216
2022 $2,025,168 $1,989,408 $1,826,070 $35,760
2021 $1,661,792 $1,943,016 $1,790,310 $-281,224
2021 $1,644,331 $1,732,390 $1,861,318 $-88,059
2020 $1,924,498 $1,795,711 $1,966,912 $128,787
2020 $1,857,013 $1,963,510 $1,999,083 $-106,497
2019 $1,667,272 $1,840,770 $1,786,688 $-173,498
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