Nonprofit · EIN 11-3071458
BROOKLYN ARTS EXCHANGE INC
Tax-exempt · BROOKLYN, NY 11215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,908,426 | $2,150,347 | -$241,921 | $4,746,891 | $3,477,724 | $1,269,167 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,054,239
- of which government grants
- $246,905
- Program service revenue
- $583,133
- Investment income
- $15,729
- Net rental income
- $254,442
- Net income from fundraising events
- -$5,214
- Other revenue
- $255,325
Expenses
- Grants and similar amounts paid
- $78,292
- Compensation of officers, directors and key employees
- $305,262
- Other salaries and wages
- $730,328
- Salaries, compensation and benefits (total)
- $1,177,405
- Professional fundraising fees
- $0
- Accounting fees
- $14,159
- Occupancy
- $425,495
- Travel
- $7,843
- Depreciation
- $34,501
- Program services (functional)
- $1,855,951
- Management and general (functional)
- $223,857
- Fundraising (functional)
- $70,539
Balance sheet and other
- Total assets, start of year
- $4,416,041
- Total assets, end of year
- $4,746,891
- Total liabilities, end of year
- $3,477,724
- Net assets, end of year
- $1,269,167
- Land, buildings and equipment
- $657,025
- Net assets without donor restrictions
- $841,167
- Net assets with donor restrictions
- $428,000
- Gross receipts
- $1,916,265
- Employees
- 62
- Volunteers
- 8
- Year formed
- 1991
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VANESSA ADATO | CO-EXECUTIVE DIRECTOR, FINANCE & OPERATIONS (SINCE 10/1/2024) Officer | 40 | $91,749 | $15,550 |
| LUCIA SCHECKNER | CO-EXECUTIVE DIRECTOR, EDUCATION Officer | 40 | $100,754 | $0 |
| MARLENE RAMIREZ-CANCIO | CO-EXECUTIVE DIRECTOR/ARTISTIC DIRECTOR (SINCE 10/1/2024) Officer | 40 | $95,816 | $3,200 |
| GEORGE EMILIO SANCHEZ | BOARD MEMBER (EX-OFFICIO) Trustee or director | 1 | $12,000 | $0 |
| RAINE MARTIN | CO-CHAIR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LESLIE WEBER | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMY SUMNER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REBECCA CARDWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JANE HOLZKA PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VICTOR M BROWN | BOARD MEMBER (RESIGNED JUNE 2025) Trustee or director | 1 | $0 | $0 |
| OLIVER FEIN MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIMENA MARTINEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARA PALMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARIANA VALENCIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZOHREH AHMAD AIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAIA WECHSLER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 421 5TH AVE, BROOKLYN, NY 11215-3315
- Principal officer (990 for 2024)
- VANESSA ADATO, SAME AS C ABOVE, BROOKLYN, NY 11215
- Signed the 990
- VANESSA ADATO, CO-EXECUTIVE DIRECTOR, FINANCE & OP
- Phone
- (718) 832-0018
- Return prepared by
- RICH AND BANDER LLP
Mission
BAX/BROOKLYN ARTS EXCHANGE IS A MULTIGENERATIONAL ARTS ORGANIZATION NURTURING CREATIVE EXPRESSION AND ARTISTIC PROCESS THROUGH EDUCATION, RESIDENCIES, AND PERFORMANCE AT THE INTERSECTION OF ARTS AND SOCIAL JUSTICE.
Program accomplishments
- BAX SUPPORTS THE CREATION OF NEW WORK BY EMERGING ARTISTS, CULTIVATES MULTI-GENERATIONAL AUDIENCES, AND PROVIDES ACCESSIBLE, INTERACTIVE ARTS PROGRAMMING AND PUBLIC SCHOOL RESIDENCIES TO SERVE NEARLY 10,000 NEW YORK CITY COMMUNITY MEMBERS ANNUALLY.Expenses $1,855,951 · grants $78,292 · revenue $583,133
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3071458
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60Z)
- Assets (IRS master file)
- $4,746,891
- Income (IRS master file)
- $1,916,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $2,741,188 | $1,847,712 | $4,495,296 | IRS |
| 990 | June 2022 | $2,331,086 | $1,682,182 | $1,051,450 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about BROOKLYN ARTS EXCHANGE INC
- What is the EIN of BROOKLYN ARTS EXCHANGE INC?
- The employer identification number (EIN) of BROOKLYN ARTS EXCHANGE INC is 11-3071458.
- Is BROOKLYN ARTS EXCHANGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to BROOKLYN ARTS EXCHANGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROOKLYN ARTS EXCHANGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BROOKLYN ARTS EXCHANGE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BROOKLYN ARTS EXCHANGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BROOKLYN ARTS EXCHANGE INC?
- The 990 for the year ended June 30, 2025 names VANESSA ADATO.
- Who are the officers and directors of BROOKLYN ARTS EXCHANGE INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 4 received compensation from the organization, the highest $91,749 (VANESSA ADATO, CO-EXECUTIVE DIRECTOR, FINANCE & OPERATIONS (SINCE 10/1/2024)).
- How much revenue does BROOKLYN ARTS EXCHANGE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,908,426, expenses of $2,150,347 and total assets of $4,746,891 at year end.
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All nonprofits in BROOKLYN · New York · Arts, culture and humanities