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 | $753K |
|---|---|
| FY2021 | $633K |
| FY2022 | $416K |
| FY2023 | $289K |
| FY2024 | $178K |
| FY2020 | $15K |
|---|---|
| FY2021 | $38K |
| FY2022 | $130K |
| FY2023 | $371K |
| FY2024 | $71K |
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 | 73% | — | — |
| Overhead ratio | 21% | — | — |
| Fundraising cost ratio | 4% | — | — |
| Revenue growth | 402% | — | — |
| Accounting fee ratio | 3% | — | — |
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
Gregory Thornbury’s $198K as Executive Director is at the 100th 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.
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Governance & Policies
- 9Voting board membersPt VI · Ln 1a
- 9Independent 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.
Provides artists with studio space, mentorship, and financial support.
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Where the work happens
Silver art projects program invites 28 artists to occupy approximately 38,000 square feet of lower manhattan office space donated by a sponsor. The space is outfitted to accommodate individual artist studio spaces.
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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 |
|---|---|---|---|---|
| FY2024 Latest Viewing | $823K | $633K | +402% | 990 PDF |
| FY2023 | $164K | $532K | -36% | 990 PDF |
| FY2022 | $256K | $565K | -20% | 990 PDF |
| FY2021 | $321K | $464K | -71% | 990 PDF |
| FY2020 | $1.1M | $370K | 990 PDF |
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Schedules filed Part IV
Full filing: Form 990 for FY2024
Part IX · Statement of functional expenses $633,093 across 12 lines filed
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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