Issue Project Room Incorporated

Tax-deductible

Brooklyn, NY501(c)(3)Since 2003Arts & CultureEIN 20-0367608Revenue $1.1M in FY2025

On file with the IRSissueprojectroom.org22 Boerum Pl, 11201-5102 · Brooklyn, NYTax-exempt since Aug 2008Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Run by 2 volunteers and 16 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
5 of 6
filings with a surplus
Average surplus $615K a year · 48% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 18% of spending
Top officer’s pay higher than 50% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$31K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-14% vs prior year
Spent
$687K
To programs
49%
Net assets
$4.8M
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$948K
FY2021$2.7M
FY2022$1.0M
FY2023$659K
FY2024$1.3M
FY2025$1.1M
Expenses
$687K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$616K
FY2021$728K
FY2022$689K
FY2023$669K
FY2024$661K
FY2025$687K
Net assets
$4.8M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$3.4M
FY2022$3.7M
FY2023$3.7M
FY2024$4.4M
FY2025$4.8M

From the FY2025 Form 990 · 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: FY2025. IRS ruling in Aug 2008.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $335K Management & general 33% · $227K Fundraising 18% · $125K

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

9 people listed on the 990; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director & Chief Curator
$124,153Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
President, Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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 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

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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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 15aYes

Programs and updates

Issue Project Room Incorporated is an arts and culture nonprofit based in Brooklyn, NY, formed in 2003.

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Provided by the organization

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1 program · $335K · in their 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

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$973K
Other incomeLn 4–11$100K
Fees for servicesLn 2g$58K
Money outPt IX
$687K
Ln 25
Programscol B$335K
Managementcol C$227K
Fundraisingcol D$125K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$4.9M
LiabilitiesLn 26$31K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$973K
Government grantsLn 1e$417K
Noncash giftsLn 1g$228K
Fundraising eventsLn 1c$100K
Fees for servicesLn 2g$58K
Other incomeLn 4–11$100K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$58K
Cash and savings togetherLn 1–2$58K
Land, buildings, equipmentLn 10c$4.6M
Total assetsLn 16$4.9M
LiabilitiesLn 26$31K
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 516
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2K$58K
Land, buildings, equipmentLn 10c$4.3M$4.6M
Total assetsLn 16$4.5M$4.9M
LiabilitiesLn 26$75K$31K
Net assetsLn 32$4.4M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$150K$60K$45K$45K
Other salaries and wagesLn 7$246K$140K$49K$57K
Other employee benefitsLn 9$12K$6K$3K$3K
Payroll taxesLn 10$36K$18K$9K$9K
Accounting feesLn 11c$32K$0$32K$0
Other fees for servicesLn 11g$76K$72K$2K$2K
Advertising and promotionLn 12$16K$726$15K$0
Office expensesLn 13$2K$0$2K$0
RoyaltiesLn 15$2K$2K$0$0
OccupancyLn 16$11K$5K$3K$3K
TravelLn 17$18K$18K$0$0
InterestLn 20$1K$0$1K$0
Depreciation, depletion and amortizationLn 22$17K$0$17K$0
InsuranceLn 23$13K$0$13K$0
Other expenses (24a–d)Ln 24$15K$1K$8K$6K
All other expensesLn 24e$41K$11K$29K$847
Total functional expensesLn 25$687K$335K$227K$125K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$687K$444K$4.8M 990 PDF
FY2024 $1.3M$661K$652K$4.4M 990 PDF
FY2023 $659K$669K−$11K$3.7M 990 PDF
FY2022 $1.0M$689K$319K$3.7M 990 PDF
FY2021 $2.7M$728K$2.0M$3.4M 990 PDF
FY2020 $948K$616K$332K$1.5M 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 FY2025 990 (6 parts)
Part I · Summary $1,131,852 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,233,941$973,230
I-9 Program service revenuePrior year $51,685$58,253
I-10 Investment income$0
I-11 Other revenuePrior year $27,199$100,369
I-12 Total revenuePrior year $1,312,825$1,131,852
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $447,299$444,244
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $213,336$243,224
I-18 Total expensesPrior year $660,635$687,468
I-19 Revenue less expensesPrior year $652,190$444,384
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,131,852 across 11 lines filed
VIII-1b Membership dues$6,046
VIII-1c Fundraising events$99,950
VIII-1e Government grants$417,474
VIII-1f All other contributions, gifts and grants$449,760
VIII-1g Noncash contributions (included above)$228,329
VIII-1h Total contributions, gifts and grants$973,230
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$58,253
VIII-6 Net rental income or lossExcluded from tax $75,889$75,889
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $2,103$2,103
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $22,377$22,377
VIII-12 Total revenueRelated to mission $58,253 · Unrelated business $0 · Excluded from tax $100,369$1,131,852
Part IX · Statement of functional expenses $687,468 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $60,122 · Management $45,092 · Fundraising $45,092$150,306
IX-7 Other salaries and wagesPrograms $139,961 · Management $49,042 · Fundraising $56,608$245,611
IX-9 Other employee benefitsPrograms $6,154 · Management $2,896 · Fundraising $3,128$12,178
IX-10 Payroll taxesPrograms $18,268 · Management $8,595 · Fundraising $9,286$36,149
IX-11c Accounting feesPrograms $0 · Management $31,592 · Fundraising $0$31,592
IX-11g Other fees for servicesPrograms $72,216 · Management $1,843 · Fundraising $1,991$76,050
IX-12 Advertising and promotionPrograms $726 · Management $15,362 · Fundraising $0$16,088
IX-13 Office expensesPrograms $0 · Management $1,582 · Fundraising $0$1,582
IX-15 RoyaltiesPrograms $1,590 · Management $0 · Fundraising $0$1,590
IX-16 OccupancyPrograms $5,407 · Management $2,544 · Fundraising $2,748$10,699
IX-17 TravelPrograms $18,440 · Management $0 · Fundraising $0$18,440
IX-20 InterestPrograms $0 · Management $1,155 · Fundraising $0$1,155
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $17,274 · Fundraising $0$17,274
IX-23 InsurancePrograms $0 · Management $12,981 · Fundraising $0$12,981
IX-24 Other expenses (24a–d)Programs $1,138 · Management $7,738 · Fundraising $5,795$14,671
IX-24e All other expensesPrograms $11,410 · Management $28,845 · Fundraising $847$41,102
IX-25 Total functional expensesPrograms $335,432 · Management $226,541 · Fundraising $125,495$687,468
Part X · Balance sheet $4,866,420 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,920$57,539
X-3 Pledges and grants receivableStart of year $108,000$244,745
X-9 Prepaid expenses and deferred chargesStart of year $7,988$6,688
X-10c Land, buildings and equipment, netStart of year $4,338,568$4,551,485
X-14 Intangible assetsStart of year $9,450$5,963
X-16 Total assetsStart of year $4,465,926$4,866,420
X-17 Accounts payable and accrued expensesStart of year $19,001$28,418
X-19 Deferred revenueStart of year $11,083$2,776
X-26 Total liabilitiesStart of year $75,084$31,194
X-27 Net assets without donor restrictionsStart of year $422$96,488
X-28 Net assets with donor restrictionsStart of year $4,390,420$4,738,738
X-32 Total net assets or fund balancesStart of year $4,390,842$4,835,226
X-33 Total liabilities and net assetsStart of year $4,465,926$4,866,420
Part XI · Reconciliation of net assets $4,835,226 net assets at year end
XI-1 Total revenue$1,131,852
XI-2 Total expenses$687,468
XI-3 Revenue less expenses$444,384
XI-4 Net assets at start of year$4,390,842
XI-10 Net assets at end of year$4,835,226

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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