Chashama INC FY2024 filing

Tax-deductible

New York, NY501(c)(3)Since 1995Arts & CultureEIN 13-3862422Revenue $2.3M in FY2024

On file with the IRSchashama.org1155 Avenue of the Americas 4th FL, 10036-2711 · New York, NYTax-exempt since May 1996Publicly supported charity — 170(b)(1)(A)(vi)

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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.
64¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $52K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
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
$981K
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
15
of 17 voting members
Looks good: 15 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
-22% vs prior year
Spent
$2.9M
To programs
64%
Net assets
$885K
By yearFY2020–FY2025
Revenue
$2.3M
FY2024▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$2.1M
FY2023$3.0M
FY2024$2.3M
FY2025$2.3M
Expenses
$2.9M
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.8M
FY2022$2.0M
FY2023$2.4M
FY2024$2.9M
FY2025$2.4M
Net assets
$885K
FY2024▼ -40%
Tap a bar for its year
Net assets by fiscal year
FY2020$684K
FY2021$770K
FY2022$885K
FY2023$1.5M
FY2024$885K
FY2025$514K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1996.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $1.9M Management & general 21% · $621K Fundraising 15% · $441K

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

20 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Financial Officer
$69,033Pt VII · Sec A
Director
$52,081Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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

NameFY2025FY2024FY2023FY2022FY2021
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.

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Provided by the organization

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3 programs · $1.7M · in their own filed words · FY2023
01

Space to create gives artists affordable studio space. Its one of the largest subsidized studio residency programs in new york, and it includes professional development workshops and annual open studio events. We currently have 135 studios across the city, many of which are located at our hub at the historic brooklyn army terminal.

$755Kprogram expense
02

Space to present provides free presentation spaces to performers, visual artists, and curators, annually giving 231 artists the opportunity to present their work in professional, highly visible venues in a range of locations in new york.

$646Kprogram 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 132 free classes to 2,054 participants.

$258Kprogram expense

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$821K
Fees for servicesLn 2g$224K
Money outPt IX
$2.9M
Ln 25
Programscol B$1.9M
Managementcol C$621K
Fundraisingcol D$441K
Owns and owesPt X
$885K
net assets · Ln 32
Cash and savingsLn 1–2$383K
Total assetsLn 16$1.3M
LiabilitiesLn 26$981K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$585K
Fundraising eventsLn 1c$464K
Fees for servicesLn 2g$224K
Investment incomeLn 3$12K
Other incomeLn 4–11$821K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$383K
Cash and savings togetherLn 1–2$383K
InvestmentsLn 11–13$111K
Land, buildings, equipmentLn 10c$74K
Other assetsLn 15$225K
Total assetsLn 16$1.3M
LiabilitiesLn 26$981K
Net assetsLn 32$885K
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 FY24End FY24
Cash and savingsLn 1–2$828K$383K
InvestmentsLn 11–13$111K
Land, buildings, equipmentLn 10c$68K$74K
Total assetsLn 16$1.8M$1.6M
LiabilitiesLn 26$280K$981K
Net assetsLn 32$1.5M$576K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$244K$244K
Pay of current officers, directors and key staffLn 5$121K$35K$87K$0
Other salaries and wagesLn 7$1.2M$613K$315K$261K
Other employee benefitsLn 9$120K$59K$37K$24K
Payroll taxesLn 10$115K$57K$35K$23K
Other fees for servicesLn 11g$261K$188K$53K$20K
Advertising and promotionLn 12$6K$142$6K$76
Office expensesLn 13$212K$46K$63K$103K
OccupancyLn 16$66K$66K$0$0
TravelLn 17$82K$67K$13K$3K
Depreciation, depletion and amortizationLn 22$33K$33K$0$0
InsuranceLn 23$79K$59K$12K$8K
Other expenses (24a–d)Ln 24$387K$387K$304$0
Total functional expensesLn 25$2.9M$1.9M$621K$441K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$2.4M−$63K$514K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $2,018,665 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,303,940$1,271,617
I-9 Program service revenuePrior year $142,912$223,864
I-10 Investment incomePrior year $43,994$11,730
I-11 Other revenuePrior year $484,650$511,454
I-12 Total revenuePrior year $2,975,496$2,018,665
I-13 Grants and similar amounts paidPrior year $79,780$244,100
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,280,874$1,545,292
I-16a Professional fundraising feesPrior year $87,004$0
I-17 Other expensesPrior year $941,147$1,126,322
I-18 Total expensesPrior year $2,388,805$2,915,714
I-19 Revenue less expensesPrior year $586,691−$897,049
Part VI · Governance 15 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members15
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $2,018,665 across 10 lines filed
VIII-1c Fundraising events$464,388
VIII-1e Government grants$585,445
VIII-1f All other contributions, gifts and grants$221,784
VIII-1h Total contributions, gifts and grants$1,271,617
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$223,864
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $11,730$11,730
VIII-6 Net rental income or lossRelated to mission $701,400$701,400
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$196,147−$196,147
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $6,201$6,201
VIII-12 Total revenueRelated to mission $925,264 · Unrelated business $0 · Excluded from tax −$178,216$2,018,665
Part IX · Statement of functional expenses $2,915,714 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $244,100$244,100
IX-5 Pay of current officers, directors and key staffPrograms $34,517 · Management $86,598 · Fundraising $0$121,115
IX-7 Other salaries and wagesPrograms $613,216 · Management $315,376 · Fundraising $260,519$1,189,111
IX-9 Other employee benefitsPrograms $59,316 · Management $36,811 · Fundraising $23,857$119,984
IX-10 Payroll taxesPrograms $56,893 · Management $35,307 · Fundraising $22,882$115,082
IX-11g Other fees for servicesPrograms $188,216 · Management $52,942 · Fundraising $20,333$261,491
IX-12 Advertising and promotionPrograms $142 · Management $6,000 · Fundraising $76$6,218
IX-13 Office expensesPrograms $45,720 · Management $63,239 · Fundraising $103,044$212,003
IX-16 OccupancyPrograms $65,659 · Management $0 · Fundraising $0$65,659
IX-17 TravelPrograms $67,016 · Management $12,575 · Fundraising $2,545$82,136
IX-22 Depreciation, depletion and amortizationPrograms $33,189 · Management $0 · Fundraising $0$33,189
IX-23 InsurancePrograms $58,611 · Management $12,160 · Fundraising $7,882$78,653
IX-24 Other expenses (24a–d)Programs $386,669 · Management $304 · Fundraising $0$386,973
IX-25 Total functional expensesPrograms $1,853,264 · Management $621,312 · Fundraising $441,138$2,915,714
Part X · Balance sheet $1,556,913 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $828,452$382,866
X-3 Pledges and grants receivableStart of year $722,964$635,866
X-4 Accounts receivableStart of year $58,173$93,344
X-9 Prepaid expenses and deferred chargesStart of year $74,258$35,030
X-10c Land, buildings and equipment, netStart of year $67,632$73,758
X-11 Publicly traded securities$111,417
X-15 Other assets$224,632
X-16 Total assetsStart of year $1,751,479$1,556,913
X-17 Accounts payable and accrued expensesStart of year $160,373$639,351
X-19 Deferred revenueStart of year $37,865$27,722
X-25 Other liabilitiesStart of year $81,860$314,215
X-26 Total liabilitiesStart of year $280,098$981,288
X-27 Net assets without donor restrictionsStart of year $571,808$207,283
X-28 Net assets with donor restrictionsStart of year $899,573$368,342
X-32 Total net assets or fund balancesStart of year $1,471,381$575,625
X-33 Total liabilities and net assetsStart of year $1,751,479$1,556,913
Part XI · Reconciliation of net assets $575,625 net assets at year end
XI-1 Total revenue$2,018,665
XI-2 Total expenses$2,915,714
XI-3 Revenue less expenses−$897,049
XI-4 Net assets at start of year$1,471,381
XI-5 Net unrealized gains (losses) on investments$1,293
XI-10 Net assets at end of year$575,625

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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