Wr Arts INC

Tax-deductible

Brooklyn, NY501(c)(3)Arts & CultureEIN 46-2663098

501(c)3 WR Arts is here to provide an open, supportive artistic environment to those looking to cultivate a lasting relationship with Dance and the Performing Arts. We strive to find ways to blend North Brooklyn's culturally diverse neighborhoods together under one roof to build a stronger community together through the arts. With our "In School" on-site after school enrichment programing and our 6 days a week "Home Base" General Children's and Pre-Professional training at 573 Metropolitan Avenue, we connect ALL to the arts experience. Through our "In School" program WR brings a professional studio atmosphere into classroom spaces at an introductory level. To further the interest and training of those looking for more, WR has a "Home Base", with reduced rate community classes and scholarship opportunities for participation in our General and Pre-Professional programing. Through workshops and community classes for every age and experience level, we welcome artists of all races, sizes, a

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$66K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 4
years in the black
Pt I · Ln 19 · 4 filings
How much reaches the programs?
65%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$66K
to officers and key staff · 11% of spending
Pt VII · Sec A
Do they have reserves?
4 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $16
Funders’ Sch. I, 990-PF
Do they carry debt?
$261K
liabilities
Pt X · Ln 26
Who oversees it?
2
independent of 3 voting board members
Pt VI · Ln 1a–1b
Revenue
$492K
+5% vs prior year
Spent
$583K
To programs
65%
Net assets
$58K
By yearFY2020–FY2024
Revenue
$492K
FY2024▲ +5%
Revenue by fiscal year
FY2020$130K
FY2021$215K
FY2022$318K
FY2023$470K
FY2024$492K
Expenses
$583K
FY2024▲ +48%
Expenses by fiscal year
FY2020Not on file
FY2021$181K
FY2022$265K
FY2023$395K
FY2024$583K
Net assets
$58K
FY2024▼ -61%
Net assets by fiscal year
FY2020−$13K
FY2021$22K
FY2022$75K
FY2023$149K
FY2024$58K

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CWr Arts INC
EINHdr · item D46-2663098
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBrooklyn, NY
NTEE classificationIRS BMFArts & Culture (A60)
WebsiteHdr · item Jwww.wrarts.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.34 Fundraising $0.00
Program services65%$382K
Management & general34%$199K
Fundraising$3K
Total functional expensesLn 25$583K

Financial health

Is it on solid ground?

Program efficiency
65%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate▼ -36% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year▼ -216% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$320K
FY2024▼ -20%
Total assets by fiscal year
FY2020Not on file
FY2021$56K
FY2022$240K
FY2023$402K
FY2024$320K
Total liabilities
$261K
FY2024▲ +3%
Total liabilities by fiscal year
FY2020Not on file
FY2021$34K
FY2022$166K
FY2023$253K
FY2024$261K
Revenue less expensesPt I · Ln 19−$91K
Total assetsPt X · Ln 16$320K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$205K
Total assetsLn 16$320K
Total liabilitiesLn 26$261K
Total net assetsLn 32$58K
Months of cash on handcomputed4.2

Statement of Revenue

Part VIII
Program service revenue$488K · 99%
Contributions & grants$3K · 1%
Program service revenue99%$488K
Contributions & grants1%$3K
Other revenue$1K
Total revenueLn 12$492K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $205K · Operating expenses/yr $583K
4.2 months
Where the money goes
Program services
Program services $382K · Total expenses $583K
65%
Management & General
Management & general $199K · Total expenses $583K
34%
Fundraising
Fundraising $3K · Total expenses $583K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $492K
0.7%
Government reliance
Government grants — · Total revenue $492K
—
Earned-income share
Program service revenue $488K · Total revenue $492K
99%
Investment reliance
Investment income $0 · Total revenue $492K
0%
Program self-sufficiency
Program service revenue $488K · Total expenses $583K
84%
Growth & trend
Revenue growth (YoY)
This year $492K · Prior year $470K
+5%
Revenue CAGR
FY2020 $130K · FY2024 $492K
+39%
Net-asset trend (YoY)
End of year $58K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $492K · Expenses $583K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $320K
—
Net-asset ratio
Net assets $58K · Total assets $320K
18%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $320K
0%
People & payroll
Highest Reported Total Compensation
Individual Nicole Guiland · Reported title President · Highest reported compensation $66K · Total expenses $583K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $189K · Total expenses $583K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%——
Overhead ratio 34%——
Fundraising cost ratio 77%——
Revenue growth 5%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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

Part VII, Section A · reportable compensation
$66,245Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Nicole Guiland’s $66K as President is at the 61st percentile of top reported officer pay among 2216 $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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nicole Guiland$66,245$56,267$46,625$34,450$45,375
Lakey Evans Pea————$8,470
Cristina Gustaitis—$3,402$313——

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

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Cultivates lasting relationships with dance and performing arts through supportive, inclusive environments.

Provided by the organization

This section is blank until Wr Arts INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $382K of program spending, described in the organization's own filed words · FY2024.
01

In-School Accomplishments

WR Arts maintained programming in 4 local schools: PS 31, PS 34, and PS 110, and PS 157 providing performing arts enrichment to Pre-K through 5th grade aged students 3 - 5 days a week. Overall enrollment in our In School program grew with our average number of unique enrollments growing to 163 students; 2023 average number of unique…

$382Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$16

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $492K$583K+5% 990 PDF
FY2023 $470K$395K+48% 990 PDF
FY2022 $318K$265K+48% 990 PDF
FY2021 $215K$181K+65% 990 PDF
FY2020 $130K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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