Nycsalt INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Youth DevelopmentEIN 26-2502577Revenue $820K in FY2021

On file with the IRSnycsalt.org127 W 26th St Rm 1201, 10001-6868 · New York, NYTax-exempt since Oct 2009Publicly supported — 509(a)(2)

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Dedicated to engage, inspire and empower underserved youth in new york city to reach their full potential through photography, video and an understanding of the visual industry.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$137K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
3 of 6
filings with a surplus
Average surplus $21K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$137K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $252K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$218K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$820K
+26% vs prior year
Spent
$660K
To programs
81%
Net assets
$352K
By yearFY2020–FY2025
Revenue
$820K
FY2021▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$649K
FY2021$820K
FY2022$1.1M
FY2023$469K
FY2024$527K
FY2025$908K
Expenses
$660K
FY2021▼ -0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$666K
FY2021$660K
FY2022$956K
FY2023$683K
FY2024$625K
FY2025$722K
Net assets
$352K
FY2021▲ +82%
Tap a bar for its year
Net assets by fiscal year
FY2020$193K
FY2021$352K
FY2022$460K
FY2023$246K
FY2024$149K
FY2025$334K

From the FY2021 Form 990 (year ending June 2021) · 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 Oct 2009.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $532K Management & general 8% · $52K Fundraising 12% · $76K

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

13 people listed on the 990; $137K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Founder & CEO
$137,498Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Boardchair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Alicia Hansen’s $163K as Founder and Chief Executive Officer is at the 99th percentile of top reported officer pay among 1992 $100K–1M youth development 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
Alicia Hansen$162,739$154,682$147,609$140,580$137,498$130,000
Adam Chinitz$38,040$38,050—$22,560——

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers underserved NYC youth through photography and video, fostering potential and industry understanding.

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Provided by the organization

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3 programs · $532K · in their own filed words · FY2020
01

Residency & Special Projects

The nyc salt residency program is a multi-year digital photography, college prep and career readiness program for high school students in nyc interested in pursuing careers and majors in college focused on the creative industry.

$406Kprogram expense
02

College Prep

Nyc salt provides college prep workshops and guidance through a college guidance counselor to our residency students. The students are given workshops on all aspects of preparing for college, six months of act prep classes, and a college bootcamp the summer prior to their senior year.

$112Kprogram expense
03

Workshops & Camp

Nyc salt utilizes professional photographers and editors as teaching artists to teach school year and summer workshops in the basics for digital photography and social media. The program gives students a knowledge of visual story telling while also exposing students to career options in the creative industry through field trips.

$14Kprogram 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 13 funders →
Grants paid · 1 grant · $10K · 2023–2023
Unitemized GrantFY2023$10,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$820K
Ln 12
Gifts and grantsLn 1h$759K
Fees for servicesLn 2g$62K
Money outPt IX
$660K
Ln 25
Programscol B$532K
Managementcol C$52K
Fundraisingcol D$76K
Owns and owesPt X
$352K
net assets · Ln 32
Cash and savingsLn 1–2$367K
Total assetsLn 16$570K
LiabilitiesLn 26$218K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$759K
Government grantsLn 1e$107K
Noncash giftsLn 1g$82K
Fees for servicesLn 2g$62K
Gains on assetsLn 7−$906
Total revenueLn 12$820K
Assets in detailPt X, end of year
CashLn 1$367K
Cash and savings togetherLn 1–2$367K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$36K
Total assetsLn 16$570K
LiabilitiesLn 26$218K
Net assetsLn 32$352K
OperationsPt I, VI
EmployeesI 56
VolunteersI 630
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 FY21End FY21
Cash and savingsLn 1–2$322K$367K
Land, buildings, equipmentLn 10c$31K$9K
Total assetsLn 16$475K$570K
LiabilitiesLn 26$282K$218K
Net assetsLn 32$193K$352K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$161K$129K$8K$24K
Other salaries and wagesLn 7$92K$73K$9K$9K
Other employee benefitsLn 9$22K$18K$2K$2K
Payroll taxesLn 10$20K$16K$1K$3K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$85K$75K$6K$4K
Advertising and promotionLn 12$839$403$2$434
Office expensesLn 13$41K$31K$169$10K
Information technologyLn 14$41K$40K$455$922
OccupancyLn 16$115K$92K$8K$15K
TravelLn 17$525$471$54
Depreciation, depletion and amortizationLn 22$18K$14K$1K$2K
InsuranceLn 23$6K$5K$412$763
Other expenses (24a–d)Ln 24$42K$37K$1K$5K
All other expensesLn 24e$2K$2K$150$279
Total functional expensesLn 25$660K$532K$52K$76K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $908K$722K$186K$334K 990 PDF
FY2024 $527K$625K−$98K$149K 990 PDF
FY2023 $469K$683K−$214K$246K 990 PDF
FY2022 $1.1M$956K$108K$460K 990 PDF
FY2021 Viewing $820K$660K$159K$352K 990 PDF
FY2020 $649K$666K−$17K$193K 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 FY2021 990 (6 parts)
Part I · Summary $819,666 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $593,900$758,851
I-9 Program service revenuePrior year $86,887$61,721
I-10 Investment incomePrior year −$31,840−$906
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $648,947$819,666
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $321,559$295,210
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $344,114$365,175
I-18 Total expensesPrior year $665,673$660,385
I-19 Revenue less expensesPrior year −$16,726$159,281
Part VI · Governance 10 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $819,666 across 7 lines filed
VIII-1e Government grants$106,700
VIII-1f All other contributions, gifts and grants$652,151
VIII-1g Noncash contributions (included above)$81,725
VIII-1h Total contributions, gifts and grants$758,851
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,721$61,721
VIII-7 Net gain or loss on sales of assetsRelated to mission −$906−$906
VIII-12 Total revenueRelated to mission $60,815 · Unrelated business $0 · Excluded from tax $0$819,666
Part IX · Statement of functional expenses $660,385 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $128,841 · Management $8,052 · Fundraising $24,157$161,050
IX-7 Other salaries and wagesPrograms $73,203 · Management $9,127 · Fundraising $9,174$91,504
IX-9 Other employee benefitsPrograms $17,805 · Management $2,058 · Fundraising $2,394$22,257
IX-10 Payroll taxesPrograms $16,319 · Management $1,428 · Fundraising $2,652$20,399
IX-11c Accounting feesManagement $13,548$13,548
IX-11g Other fees for servicesPrograms $74,983 · Management $6,220 · Fundraising $3,726$84,929
IX-12 Advertising and promotionPrograms $403 · Management $2 · Fundraising $434$839
IX-13 Office expensesPrograms $30,782 · Management $169 · Fundraising $9,899$40,850
IX-14 Information technologyPrograms $39,995 · Management $455 · Fundraising $922$41,372
IX-16 OccupancyPrograms $91,655 · Management $8,019 · Fundraising $14,894$114,568
IX-17 TravelPrograms $471 · Fundraising $54$525
IX-22 Depreciation, depletion and amortizationPrograms $14,423 · Management $1,262 · Fundraising $2,344$18,029
IX-23 InsurancePrograms $4,698 · Management $412 · Fundraising $763$5,873
IX-24 Other expenses (24a–d)Programs $36,613 · Management $1,142 · Fundraising $4,742$42,497
IX-24e All other expensesPrograms $1,716 · Management $150 · Fundraising $279$2,145
IX-25 Total functional expensesPrograms $531,907 · Management $52,044 · Fundraising $76,434$660,385
Part X · Balance sheet $569,954 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $322,119$367,493
X-3 Pledges and grants receivableStart of year $89,450$156,500
X-9 Prepaid expenses and deferred chargesStart of year $5,915$766
X-10c Land, buildings and equipment, netStart of year $30,739$8,879
X-15 Other assetsStart of year $26,449$36,316
X-16 Total assetsStart of year $474,672$569,954
X-17 Accounts payable and accrued expensesStart of year $8,464$3,832
X-24 Unsecured notes and loans payableStart of year $213,700$213,702
X-25 Other liabilitiesStart of year $59,369$0
X-26 Total liabilitiesStart of year $281,533$217,534
X-27 Net assets without donor restrictionsStart of year $72,139$159,420
X-28 Net assets with donor restrictionsStart of year $121,000$193,000
X-32 Total net assets or fund balancesStart of year $193,139$352,420
X-33 Total liabilities and net assetsStart of year $474,672$569,954
Part XI · Reconciliation of net assets $352,420 net assets at year end
XI-1 Total revenue$819,666
XI-2 Total expenses$660,385
XI-3 Revenue less expenses$159,281
XI-4 Net assets at start of year$193,139
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$352,420

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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