Fourth Arts Block INC EIN 04-3767933

Fourth Arts Block INC

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Preserves, sustains, and grows the cultural vibrancy of the Lower East Side. For fiscal year 2024 it reported $558K in revenue, $486K in expenses, and $359K in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
www.fabnyc.org
Filings
5 on file (2020–2024)
Revenue
$558KFY2024
Expenses
$486K
Net assets
$359K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3767933 Public charity (501(c)(3)) New York, NY Founded 2003
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves, sustains, and grows the cultural vibrancy of the Lower East Side.
Leadership
Ryan Gilliam · Executive Director · $66K
Money in and out
$558K revenue, $486K expenses
Bottom line
77% program efficiency
Where the money goes · FY2024
Total revenue
$558K
Pt VIII · Ln 12
Total expenses
$486K
Pt IX · Ln 25
Net assets
$359K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.20 Fundraising $0.04
Program efficiency
77%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate▲ +121% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +130% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$558K
FY2024▲ +51%
Expenses
$486K
FY2024▼ -8%
Total assets
$442K
FY2024▲ +32%
Total liabilities
$84K
FY2024▲ +72%
Total revenue
$558K
Pt VIII · Ln 12
Total expenses
$486K
Pt IX · Ln 25
Net assets
$359K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$442K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $373K of program spending, described in the organization's own filed words · FY2024.
01

Fourth arts blocks programs produce public art projects, provide support services to local cultural organizations, provide affordable workspace for artists, and share educational resources and information on the history, culture, and community of the lower east side.

$373Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFourth Arts Block INC
EINHdr · item D04-3767933
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.fabnyc.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFFeb 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$66,402Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ryan Gilliam’s $66K as Executive Director is at the 61st percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Ryan Gilliam$66,402$68,904$52,432$37,773$26,325$26,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$511K · 92%
Other revenue$31K · 6%
Program service revenue$16K · 3%
Contributions & grants92%$511K
Other revenue6%$31K
Program service revenue3%$16K
— government grantsLn 1e$366K
Total revenueLn 12$558K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.20 Fundraising $0.04
Program services77%$373K
Management & general20%$95K
Fundraising4%$18K
Total functional expensesLn 25$486K

Balance Sheet

Part X · end of year
CashLn 1$251K
Total assetsLn 16$442K
Total liabilitiesLn 26$84K
Total net assetsLn 32$359K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $251K · Operating expenses/yr $486K
6.2 months
Where the money goes
Program services
Program services $373K · Total expenses $486K
77%
Management & General
Management & general $95K · Total expenses $486K
20%
Fundraising
Fundraising $18K · Total expenses $486K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $231K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $511K · Total revenue $558K
92%
Government reliance
Government grants $366K · Total revenue $558K
66%
Earned-income share
Program service revenue $16K · Total revenue $558K
3%
Investment reliance
Investment income $0 · Total revenue $558K
0%
Program self-sufficiency
Program service revenue $16K · Total expenses $486K
3%
Growth & trend
Revenue growth (YoY)
This year $558K · Prior year $370K
+51%
Revenue CAGR
FY2019 $245K · FY2024 $558K
+18%
Net-asset trend (YoY)
End of year $359K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $558K · Expenses $486K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $442K
Net-asset ratio
Net assets $359K · Total assets $442K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $442K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ryan Gilliam · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $66K · Total expenses $486K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $240K · Total expenses $486K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 20%
Fundraising cost ratio 3%
Revenue growth 51%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
South Arts INCFY2024$84K
Total grants receivedfrom 3 funders$124K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$370K revenue · ⤓ 990 PDF
FY2023$536K revenue · ⤓ 990 PDF
FY2022$478K revenue · ⤓ 990 PDF
FY2021$310K revenue · ⤓ 990 PDF
FY2020$245K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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