Creates art exhibitions and programs fostering dialogue, education, and change for cultural tolerance.
For fiscal year 2023 it reported $1.0M in revenue, $1.7M in expenses, and $373K in net assets.Pt I
Where the money goes · FY2023
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$373K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$704K
Where spending went · Part IX cols B–D
64%
26%
13%
Program services $0.64 Management & general $0.26 Fundraising $0.13
Program efficiency
62%
of spending reaches programs
Operating runway
15.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-69%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2023 · Form 990
Revenue
$1.0M
FY2023▲ +3%
$1.7M$841K$0
FY2020FY2024
Expenses
$1.7M
FY2023▲ +52%
$2.0M$985K$0
FY2020FY2024
Total assets
$1.9M
FY2023▲ +60%
$2.7M$1.3M$0
FY2020FY2024
Total liabilities
$481K
FY2023▼ -8%
$2.6M$1.3M$0
FY2020FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$373K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$704K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III
Where the work happens
3 program services account for $2.2M of program spending, described in the organization's own filed words · FY2023.
01
Hosted numerous exhibitions in addition to promoting the galeerys mission throughtout the newark community. Organization received grant income during the year from the nea and the warhol foundation and has begun to develop its grant-writing prowess with the expectation of obtaining further grants in future years.
$1.1Mprogram expense
02
Hosted numerous exhibitions in addition to promoting the gallery's mission throughout the newark community. Organization received grant income during the year from the nea and the warhol foundation and has begun to develop its grant-writing prowess with the expectation of obtaining further grants in future years.
$881Kprogram expense
03
Organization displays and sells art to the public, in addition to providing artist residency studios on a regular basis.
Jasmine Wahi’s $145K as Co-Director/President
is at the 64th percentile of top reported officer pay among 3916 $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 · 3 named individuals · Part VII
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.
Individual Jasmine Wahi · Reported title PRESIDENT · Highest reported compensation $151K · Total expenses $1.7M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $890K · Total expenses $1.7M
52%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
64%
—
—
Overhead ratio
26%
—
—
Fundraising cost ratio
5%
—
—
Revenue growth
3%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
1%
—
—
Accounting fee ratio
1%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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