Arteeast INC EIN 91-2187887 Form 990 (PDF) Claim this org

Arteeast INC

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Supports Middle Eastern artists and their diasporas, showcasing their work through events and a website. For fiscal year 2024 it reported $347K in revenue, $287K in expenses, and $133K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Brooklyn, NY
Website
www.arteeast.org
Filings
5 on file (2020–2024)
Revenue
$347KFY2024
Expenses
$287K
Net assets
$133K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-2187887 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports Middle Eastern artists and their diasporas, showcasing their work through events and a website.
Leadership
Ginou Choueiri · Executive Director · $70K
Money in and out
$347K revenue, $287K expenses
Bottom line
84% program efficiency
Where the money goes · FY2024
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$133K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.12 Fundraising $0.04
Program efficiency
84%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate▲ +63% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▲ ×15 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$347K
FY2024▲ +41%
Expenses
$287K
FY2024▲ +15%
Total assets
$140K
FY2024▲ +76%
Total liabilities
$7K
FY20240%
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$133K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$140K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArteeast INC
EINHdr · item D91-2187887
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.arteeast.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A23)
Ruling yearIRS BMFMay 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$70,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ginou Choueiri’s $70K as Executive Director is at the 64th percentile of top reported officer pay among 2213 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Beth Stryker$64,350$46,328$75,000$70,000
Ginou Choueiri$70,000$61,375

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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Mission & Programs · Part III

Where the work happens

1 program service account for $242K of program spending, described in the organization's own filed words · FY2024.
01

Since its founding in 2003 as a NY-based cultural institution specializing in Middle Eastern film programming, ArteEast has become a leading organization advocating for and supporting Middle Eastern artists and arts organizations engagement with U.S.-based arts communities and audiences.

$242Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$330K · 95%
Other revenue$12K · 3%
Program service revenue$5K · 1%
Contributions & grants95%$330K
Other revenue3%$12K
Program service revenue1%$5K
Investment income$466
Total revenueLn 12$347K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.12 Fundraising $0.04
Program services84%$242K
Management & general12%$35K
Fundraising4%$10K
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$140K
Total assetsLn 16$140K
Total liabilitiesLn 26$7K
Total net assetsLn 32$133K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $140K · Operating expenses (Pt IX) $287K · Less non-cash grants $17K · Cash operating expenses/yr $270K
6.2 months
Where the money goes
Program services
Program services $242K · Total expenses $287K
84%
Management & General
Management & general $35K · Total expenses $287K
12%
Fundraising
Fundraising $10K · Total expenses $287K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $228K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $330K · Total revenue $347K
95%
Government reliance
Government grants — · Total revenue $347K
Earned-income share
Program service revenue $5K · Total revenue $347K
1%
Investment reliance
Investment income $466 · Total revenue $347K
+0.1%
Program self-sufficiency
Program service revenue $5K · Total expenses $287K
2%
Growth & trend
Revenue growth (YoY)
This year $347K · Prior year $247K
+41%
Revenue CAGR
FY2020 $556K · FY2024 $347K
-11%
Net-asset trend (YoY)
End of year $133K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $347K · Expenses $287K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $140K
Net-asset ratio
Net assets $133K · Total assets $140K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $140K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ginou Choueiri · Reported title Executive Director · Highest reported compensation $70K · Total expenses $287K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $118K · Total expenses $287K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 12%
Fundraising cost ratio 3%
Revenue growth 41%
Accounting fee ratio 2%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 2 grants · $94K · 2023–2024
AfikraFY2024$65,230
AfikraFY2023$29,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$347K revenue · viewing · ⤓ 990 PDF
FY2023$247K revenue · ⤓ 990 PDF
FY2022$276K revenue · ⤓ 990 PDF
FY2021$382K revenue · ⤓ 990 PDF
FY2020$556K revenue · ⤓ 990 PDF

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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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