Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
7 people listed on the 990; $50K paid to officers and key staff.
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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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
Supports artists and curators globally, while engaging Brooklyn and New York communities with creative services and development.
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Studio program provides a creative and supportive work environment for emerging and mid-career artists by providing affordable, long-term work spaces that are designed to foster multicultural dialogue and dynamic cross pollination of ideas among the artists in the studio program and with 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
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $84K | $99K |
| Total assetsLn 16 | $108K | $123K |
| LiabilitiesLn 26 | $4K | $6K |
| Net assetsLn 32 | $104K | $117K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $113K | $79K | $34K | |
| Payroll taxesLn 10 | $12K | $8K | $4K | |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $5K | $5K | ||
| Other fees for servicesLn 11g | $80K | $80K | ||
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $6K | $5K | $198 | |
| Information technologyLn 14 | $758 | $758 | ||
| OccupancyLn 16 | $115K | $81K | $35K | |
| TravelLn 17 | $4K | $4K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $3K | $3K | ||
| Total functional expensesLn 25 | $343K | $260K | $83K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $371K | $395K | −$24K | $93K | 990 PDF |
| FY2024 Viewing | $356K | $343K | $13K | $117K | 990 PDF |
| FY2023 | $355K | $296K | $60K | $104K | 990 PDF |
| FY2022 | $286K | $278K | $8K | $44K | 990 PDF |
| FY2021 | $150K | $183K | −$33K | $36K | 990 PDF |
| FY2020 | $114K | $187K | −$72K | $21K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $356,367 across 6 lines filed
Part IX · Statement of functional expenses $342,945 across 12 lines filed
Part X · Balance sheet $122,812 assets, 9 lines filed
Part XI · Reconciliation of net assets $117,045 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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