Canvas Institute

EIN: 824902021 501(c)(3) Arts, Culture & Humanities

Staten Island, NY

Total Revenue
$395,542
Total Expenses
$406,861
Total Assets
$108,390
Net Assets
$108,390
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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
2018
Legal Domicile
NY
Principal Officer
Bobby Digi Olisa
Phone
7182736160
Tax Period
2025-01-01 to 2025-12-31

Canvas Institute, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $396K in total revenue in fiscal year 2025.

Mission

The first multidisciplinary arts and culture space in downtown Staten Island, anvas Institute strives to amplify the positive impact of community-driven artists, scholars, and civic leaders. Canvas Institute attracts both local and visiting audiences with its public programs, discussions, and quarterly art exhibits, promoting open dialogue, creativity, and intentional action.

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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 (2025)

Revenue Breakdown

Contributions & Grants $395,441
Program Service Revenue $0
Investment Income $101
Other Revenue $0
TOTAL REVENUE $395,542

Expense Breakdown

Grants Paid $7,131
Salaries & Benefits $234,884
Fundraising Expenses $16,000
Program Expenses $164,443
Other Expenses $148,846
TOTAL EXPENSES $406,861

Year-over-Year Comparison

2025 2024 Change
Revenue $395,542 N/A N/A
Expenses $406,861 N/A N/A
Net Income $-11,319 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
4

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
0
$0
Total Directors
1
$99,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bobby Digi Olisa 40.00
Director
$99,500 $0 $99,500
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 $395,542 $406,861 $108,390 $-11,319
2024 No data No data No data No data
2023 $244,903 $202,593 No data $42,310
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