Nonprofit · EIN 75-3192120
ARTS GOWANUS INC
Tax-exempt · BROOKLYN, NY 11215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $276,709 | $254,138 | $22,571 | $316,212 | $20,771 | $295,441 |
| December 31, 2023 | 990 | $500,192 | $347,638 | $152,554 | $291,090 | $18,220 | $272,870 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $216,882
- of which government grants
- $40,000
- Program service revenue
- $50,959
- Investment income
- $7,370
- Net income from fundraising events
- -$748
- Net income from sales of inventory
- $2,246
- Other revenue
- $1,498
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $109,928
- Other salaries and wages
- $67,929
- Salaries, compensation and benefits (total)
- $192,881
- Professional fundraising fees
- $0
- Accounting fees
- $16,425
- Occupancy
- $3,306
- Travel
- $140
- Depreciation
- $500
- Program services (functional)
- $131,658
- Management and general (functional)
- $101,093
- Fundraising (functional)
- $21,387
Balance sheet and other
- Total assets, start of year
- $291,090
- Total assets, end of year
- $316,212
- Total liabilities, end of year
- $20,771
- Net assets, end of year
- $295,441
- Land, buildings and equipment
- $1,795
- Net assets without donor restrictions
- $295,441
- Gross receipts
- $286,417
- Employees
- 3
- Volunteers
- 40
- Year formed
- 2006
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Johnny Thornton | Executive Director Officer | 40 | $109,928 |
| David Kutz | Board President Trustee or director, Officer | 2 | $0 |
| Tracy Penn | Board Chair Trustee or director, Officer | 2 | $0 |
| Karen Mainenti | Secretary Trustee or director, Officer | 1.25 | $0 |
| Julie Mashack | Secretary (Resigned on Nov. 25, 2024) Trustee or director, Officer | 1.25 | $0 |
| Behzad Amiri | Treasurer Trustee or director, Officer | 1.25 | $0 |
| Brendan Aguayo | Director Trustee or director | 1 | $0 |
| Sally N Davis | Director Trustee or director | 1 | $0 |
| Gayah Imani Gillson | Director Trustee or director | 1 | $0 |
| Claire Laporte | Director Trustee or director | 1 | $0 |
| JoAnne McFarland | Director (Resigned on Feb. 20, 2024) Trustee or director | 1 | $0 |
| Valerie Ferrier | Director (Resigned on Feb. 25, 2024) Trustee or director | 1 | $0 |
| Demarcus McGaughey | Director (Resigned on Dec. 3, 2024) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Johnny Thornton | Executive Director Officer | 40 | $110,838 |
| Demarcus McGaughey | Director Officer | 1 | $3,330 |
| Tracy Penn | Board Chair Trustee or director, Officer | 2 | $0 |
| David Kutz | Board President Trustee or director, Officer | 2 | $0 |
| Behzad Amiri | Treasurer Trustee or director, Officer | 1.25 | $0 |
| Julie Mashack | Secretary Trustee or director, Officer | 1.25 | $0 |
| Laporte Claire | Director Trustee or director | 1 | $0 |
| Sally N Davis | Director Trustee or director | 1 | $0 |
| Karen Mainenti | Director Trustee or director | 1 | $0 |
| Brendan Aguayo | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 543 UNION ST STE 2B, BROOKLYN, NY 11215-1074
- Mailing address (990-N for 2016)
- 540 President Street, Brooklyn NY 11215
- Principal officer (990 for 2024)
- JOHNNY THORNTON, 540 President Street, Brooklyn, NY 11215
- Principal officer (990-N for 2016)
- Abigail G Subak, 535 Dean Street, Brooklyn NY 11217
- Signed the 990
- DAVID KUTZ, PRESIDENT
- Phone
- (347) 446-8254
- Website
- www.artsgowanus.org
- Return prepared by
- RICH AND BANDER LLP
Mission
Arts Gowanus is a not-for-profit organization working to support, promote, and advocate for local artists and a sustainable arts community in Brooklyn
Program accomplishments
- To support, promote, and advocate for local artists and a sustainable arts community in Brooklyn.Expenses $131,658 · revenue $50,959
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-3192120
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $316,212
- Income (IRS master file)
- $286,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $500,192 | $347,638 | $291,090 | IRS |
| 990 | December 2022 | $234,602 | $173,396 | $123,087 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Abigail G Subak | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 ARTS GOWANUS INC
- What is the EIN of ARTS GOWANUS INC?
- The employer identification number (EIN) of ARTS GOWANUS INC is 75-3192120.
- Is ARTS GOWANUS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to ARTS GOWANUS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARTS GOWANUS 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 ARTS GOWANUS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARTS GOWANUS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ARTS GOWANUS INC?
- The 990 for the year ended December 31, 2024 names JOHNNY THORNTON.
- Who are the officers and directors of ARTS GOWANUS INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $109,928 (Johnny Thornton, Executive Director).
- How much revenue does ARTS GOWANUS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $276,709, expenses of $254,138 and total assets of $316,212 at year end.
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