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Issue Project Room Incorporated EIN 20-0367608

Issue Project Room Incorporated

EIN  20-0367608 Public charity (501(c)(3)) Brooklyn, NY Founded 2003
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Size
$1–10M
What they do
an arts and culture nonprofit
Leadership
Zev Greenfield · Executive Director & Chief Curator · $124K
Money in and out
$1.1M revenue, $687K expenses
Bottom line
49% program efficiency

Issue Project Room Incorporated is an arts and culture nonprofit based in Brooklyn, NY, formed in 2003. For fiscal year 2025 it reported $1.1M in revenue, $687K in expenses, and $4.8M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$687K
Pt IX · Ln 25
Net assets
$4.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $444K
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.33 Fundraising $0.18
Program efficiency
49%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+39%
revenue over expenses, this year▼ -21% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.1M
FY2025▼ -14%
Expenses
$687K
FY2025▲ +4%
Total assets
$4.9M
FY2025▲ +9%
Total liabilities
$31K
FY2025▼ -58%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$687K
Pt IX · Ln 25
Net assets
$4.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$444K
Total assetsPt X · Ln 16$4.9M
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $335K of program spending, described in the organization's own filed words · FY2025.
01

Issue project room presents projects by interdisciplinary artists that expand the boundaries of artistic practice and stimulate critical dialogue in the broader community. Issue serves as a leading cultural incubator, facilitating the commission and premiere of innovative new works spanning genres of music, dance, literature and film.

$335Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIssue Project Room Incorporated
EINHdr · item D20-0367608
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jissueprojectroom.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A61)
Ruling yearIRS BMFAug 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Zev Greenfield
Executive Director & Chief Curator
$124,153Pt VII · Sec A
Toni Dove
Vice Chair
$0Pt VII · Sec A
Roger Luke Dubois
President, Board Chair
$0Pt VII · Sec A
Marcus Brauer
Treasurer
$0Pt VII · Sec A
Robert Longo
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
John Vlahoplus
Board Member
$0Pt VII · Sec A
Steve Buscemi
Board Member
$0Pt VII · Sec A

Zev Greenfield’s $124K as Executive Director & Chief Curator is at the 50th percentile of top reported officer pay among 3916 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Zev Greenfield$124,153$110,612$123,385$142,006$147,651$117,526
Toni Dove—$85,500————

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$973K · 86%
Other revenue$100K · 9%
Program service revenue$58K · 5%
Contributions & grants86%$973K
Other revenue9%$100K
Program service revenue5%$58K
— government grantsLn 1e$417K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.33 Fundraising $0.18
Program services49%$335K
Management & general33%$227K
Fundraising18%$125K
Total functional expensesLn 25$687K

Balance Sheet

Part X · end of year
CashLn 1$58K
Total assetsLn 16$4.9M
Total liabilitiesLn 26$31K
Total net assetsLn 32$4.8M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $58K · Operating expenses (Pt IX) $687K · Less non-cash grants $228K · Cash operating expenses/yr $459K
1.5 months
Where the money goes
Program services
Program services $335K · Total expenses $687K
49%
Management & General
Management & general $227K · Total expenses $687K
33%
Fundraising
Fundraising $125K · Total expenses $687K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $122K · Solicited contributions (3-yr avg) $442K
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $973K · Total revenue $1.1M
86%
Government reliance
Government grants $417K · Total revenue $1.1M
37%
Earned-income share
Program service revenue $58K · Total revenue $1.1M
5%
Investment reliance
Investment income $0 · Total revenue $1.1M
0%
Program self-sufficiency
Program service revenue $58K · Total expenses $687K
8%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.3M
-14%
Revenue CAGR
FY2020 $948K · FY2025 $1.1M
+4%
Net-asset trend (YoY)
End of year $4.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $687K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $4.9M
—
Net-asset ratio
Net assets $4.8M · Total assets $4.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Zev Greenfield · Reported title EXECUTIVE DIRECTOR & CHIEF CURATOR · Highest reported compensation $124K · Total expenses $687K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $444K · Total expenses $687K
65%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 49%——
Overhead ratio 33%——
Fundraising cost ratio 13%——
Revenue growth -14%——

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 · FY2025
Driver Family FoundationFY2025$2K
Total grants receivedfrom 1 funder$2K

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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
FY2025 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$659K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$2.7M revenue · ⤓ 990 PDF
FY2020$948K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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