Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $154K |
|---|---|
| FY2021 | $404K |
| FY2022 | $65K |
| FY2023 | $108K |
| FY2024 | $123K |
| FY2025 | $97K |
| FY2020 | $133K |
|---|---|
| FY2021 | $368K |
| FY2022 | $21K |
| FY2023 | $4K |
| FY2024 | $6K |
| FY2025 | $4K |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 68% | — | — |
| Overhead ratio | 32% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 90% | — | — |
| Legal fee ratio | 0.9% | — | — |
| Accounting fee ratio | 0.9% | — | — |
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.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Junho Lee’s $67K as Founding Director is at the 62nd percentile of top reported officer pay among 2215 $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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Junho Lee | $67,346 | $50,004 | $43,002 | $36,000 | $36,000 | $36,000 |
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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Governance & Policies
- 7Voting board membersPt VI · Ln 1a
- 7Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13No
- Document retention policyPt VI · Ln 14No
- Top official’s pay independently reviewedPt VI · Ln 15aNo
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Supports artists and curators globally, while engaging Brooklyn and New York communities with creative services and development.
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Where the work happens
Studio program provides a creative and supportive work environment foremerging and mid-career artists by providing affordable, long-term workspaces that are designed to foster multicultural dialogue and dynamiccross pollination of ideas among the artists in the studio program andwith the professional artist community at large.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $371K | $395K | +4% | 990 PDF |
| FY2024 | $356K | $343K | +0.3% | 990 PDF |
| FY2023 | $355K | $296K | +24% | 990 PDF |
| FY2022 Viewing | $286K | $278K | +90% | 990 PDF |
| FY2021 | $150K | $183K | +31% | 990 PDF |
| FY2020 | $114K | $187K | 990 PDF |
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Schedules filed Part IV
Full filing: Form 990 for FY2022
Part IX · Statement of functional expenses $278,094 across 13 lines filed
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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