Chashama INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1995Arts & CultureEIN 13-3862422

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Since 1995, Chashama has revitalized over 90 properties, providing invaluable opportunities to more than 12,000 artists. Chashama empowers artists at any stage of their career with affordable space to create and present. Chashama also brings vibrant, artistic programming to audiences of all ages and backgrounds by annually presenting over 130 free, public events to diverse neighborhoods throughout new york city. Chashamas workspace program provides low-cost artist studios in a professionally, supportive, creative environment. Our presentation program helps artists fully realize their creative visions through exhibition and performance space. With professional development workshops, visiting curator opportunities, and financial, logistical and marketing support, we invest in artists, increasing their prospects for success.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $75K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $218K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$289K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.5M
To programs
66%
Net assets
$684K
By yearFY2020–FY2024
Revenue
$1.7M
FY2020
Revenue by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$2.1M
FY2023$3.0M
FY2024$2.3M
FY2024$2.3M
Expenses
$1.5M
FY2020
Expenses by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.0M
FY2023$2.4M
FY2024$2.9M
FY2024$2.4M
Net assets
$684K
FY2020
Net assets by fiscal year
FY2020$684K
FY2021$770K
FY2022$885K
FY2023$1.5M
FY2024$885K
FY2024$514K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $983K Management & general 20% · $303K Fundraising 13% · $195K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Marc Dale’s $54K as Director is at the 5th percentile of top reported officer pay among 3924 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Alison Bellucci—$69,033———
Marc Dale$53,927$52,081$46,654$36,119$8,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects artists with property owners for affordable living, working, and exhibition spaces.

Provided by the organization

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3 program services account for $895K of program spending, described in the organization's own filed words · FY2019.
01

Space to create gives artists affordable studio space. It's one of the largest subsidized studio residency programs in new york, and it includes professional development workshops and annual open studio evebts. We currently have 137 studios across the city, many of which are located at our hub at the historic brooklyn army terminal.

$506Kprogram expense
02

Space to present provides free presentation spaces to performers, visual artists, and curators, annually giving 300 artists the opportunity to present their work in professional, highly visible venues in a range of locations in new york.

$241Kprogram expense
03

Space to connect collaborates with social service organizations to create high quality free arts programming for under-resourced communities in the bronx, washington heights, and queens. Last year we provided 212 free classes to 3,540 participants.

$148Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 17 grants · $376K · 2019–2023
Unitemized GrantFY2023$221,100
Unitemized GrantFY2023$13,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$5,000
Oneofus Co Julie Atlas MuzFY2022$20,000
Unitemized GrantFY2022$17,280
Lesley WareFY2022$12,000
Unitemized GrantFY2022$9,000
Unitemized GrantFY2022$7,800
Unitemized GrantFY2022$1,800
The Love ShowFY2021$7,000
The Love ShowFY2021$7,000
Lesley WareFY2021$5,394
Lesley WareFY2021$5,394
Unitemized GrantFY2020$17,000
Unitemized GrantFY2019$16,100

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$897K
Fees for servicesLn 2g$759K
Money outPt IX
$1.5M
Ln 25
Programscol B$983K
Managementcol C$303K
Fundraisingcol D$195K
Owns and owesPt X
$684K
net assets · Ln 32
Cash and savingsLn 1–2$602K
Total assetsLn 16$974K
LiabilitiesLn 26$289K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$897K
Government grantsLn 1e$257K
Fees for servicesLn 2g$759K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$602K
Cash and savings togetherLn 1–2$602K
Land, buildings, equipmentLn 10c$66K
Total assetsLn 16$974K
LiabilitiesLn 26$289K
Net assetsLn 32$684K
OperationsPt I, VI
EmployeesI 59
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$194K$602K
Land, buildings, equipmentLn 10c$90K$66K
Total assetsLn 16$624K$974K
LiabilitiesLn 26$116K$289K
Net assetsLn 32$508K$684K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Grants to domestic individualsLn 2$6K$6K
Other salaries and wagesLn 7$765K$430K$187K$148K
Other employee benefitsLn 9$76K$50K$11K$15K
Payroll taxesLn 10$60K$34K$14K$12K
Accounting feesLn 11c$23K$0$23K$0
Other fees for servicesLn 11g$113K$80K$23K$10K
Advertising and promotionLn 12$7K$4K$484$3K
Office expensesLn 13$33K$14K$12K$6K
Information technologyLn 14$16K$6K$9K$937
OccupancyLn 16$139K$139K$22$0
TravelLn 17$27K$25K$2K$496
Depreciation, depletion and amortizationLn 22$28K$21K$7K$0
InsuranceLn 23$33K$29K$3K$0
Other expenses (24a–d)Ln 24$138K$128K$9K$107
Total functional expensesLn 25$1.5M$983K$303K$195K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.3M$2.9M−$586K$885K 990 PDF
FY2023 $3.0M$2.4M$587K$1.5M 990 PDF
FY2022 $2.1M$2.0M$114K$885K 990 PDF
FY2021 $1.9M$1.8M$86K$770K 990 PDF
FY2020 Viewing $1.7M$1.5M$176K$684K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,656,232 across 5 lines filed
VIII-1e Government grants$256,550
VIII-1f All other contributions, gifts and grants$640,186
VIII-1h Total contributions, gifts and grants$896,736
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$759,496
VIII-12 Total revenueRelated to mission $759,496 · Unrelated business $0 · Excluded from tax $0$1,656,232
Part IX · Statement of functional expenses $1,480,034 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $16,100$16,100
IX-2 Grants to domestic individualsPrograms $5,900$5,900
IX-7 Other salaries and wagesPrograms $430,423 · Management $187,466 · Fundraising $147,503$765,392
IX-9 Other employee benefitsPrograms $49,516 · Management $11,333 · Fundraising $15,285$76,134
IX-10 Payroll taxesPrograms $34,317 · Management $14,215 · Fundraising $11,640$60,172
IX-11c Accounting feesPrograms $0 · Management $23,120 · Fundraising $0$23,120
IX-11g Other fees for servicesPrograms $79,635 · Management $23,165 · Fundraising $9,950$112,750
IX-12 Advertising and promotionPrograms $3,912 · Management $484 · Fundraising $2,624$7,020
IX-13 Office expensesPrograms $14,254 · Management $12,453 · Fundraising $6,033$32,740
IX-14 Information technologyPrograms $5,976 · Management $9,397 · Fundraising $937$16,310
IX-16 OccupancyPrograms $139,263 · Management $22 · Fundraising $0$139,285
IX-17 TravelPrograms $24,587 · Management $1,628 · Fundraising $496$26,711
IX-22 Depreciation, depletion and amortizationPrograms $21,108 · Management $6,969 · Fundraising $0$28,077
IX-23 InsurancePrograms $29,434 · Management $3,168 · Fundraising $0$32,602
IX-24 Other expenses (24a–d)Programs $128,406 · Management $9,208 · Fundraising $107$137,721
IX-25 Total functional expensesPrograms $982,831 · Management $302,628 · Fundraising $194,575$1,480,034
Part X · Balance sheet $973,710 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $194,420$601,704
X-3 Pledges and grants receivableStart of year $189,009$145,160
X-4 Accounts receivableStart of year $104,879$97,042
X-9 Prepaid expenses and deferred chargesStart of year $36,854$64,235
X-10c Land, buildings and equipment, netStart of year $89,585$65,569
X-16 Total assetsStart of year $624,422$973,710
X-17 Accounts payable and accrued expensesStart of year $33,271$9,950
X-18 Grants payable$34,400
X-19 Deferred revenueStart of year $27,245$21,363
X-24 Unsecured notes and loans payable$165,588
X-25 Other liabilitiesStart of year $55,685$57,990
X-26 Total liabilitiesStart of year $116,201$289,291
X-27 Net assets without donor restrictionsStart of year $356,345$455,242
X-28 Net assets with donor restrictionsStart of year $151,876$229,177
X-32 Total net assets or fund balancesStart of year $508,221$684,419
X-33 Total liabilities and net assetsStart of year $624,422$973,710
Part XI · Reconciliation of net assets $684,419 net assets at year end
XI-1 Total revenue$1,656,232
XI-2 Total expenses$1,480,034
XI-3 Revenue less expenses$176,198
XI-4 Net assets at start of year$508,221
XI-10 Net assets at end of year$684,419

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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