Nonprofit · EIN 84-3881363
SILVER ART PROJECTS INC
Tax-exempt · NEW YORK, NY 10007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $822,756 | $633,093 | $189,663 | $178,266 | $70,706 | $107,560 |
| December 31, 2023 | 990 | $163,886 | $532,163 | -$368,277 | $289,273 | $371,376 | -$82,103 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $928,397
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$105,641
- Other revenue
- -$105,641
Expenses
- Grants and similar amounts paid
- $1,200
- Compensation of officers, directors and key employees
- $214,557
- Other salaries and wages
- $113,877
- Salaries, compensation and benefits (total)
- $361,908
- Professional fundraising fees
- $0
- Accounting fees
- $16,755
- Depreciation
- $138,673
- Program services (functional)
- $459,944
- Management and general (functional)
- $135,500
- Fundraising (functional)
- $37,649
Balance sheet and other
- Total assets, start of year
- $289,273
- Total assets, end of year
- $178,266
- Total liabilities, end of year
- $70,706
- Net assets, end of year
- $107,560
- Land, buildings and equipment
- $26,962
- Net assets without donor restrictions
- $107,560
- Gross receipts
- $952,397
- Employees
- 4
- Volunteers
- 32
- Year formed
- 2019
- 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 | Other / benefits |
|---|---|---|---|---|
| GREGORY THORNBURY | EXECUTIVE DIRECTOR Trustee or director | 38.5 | $198,462 | $16,095 |
| CORY SILVERSTEIN | PRESIDENT - OFF 04/2024 Trustee or director, Officer | 5 | $0 | $0 |
| ERIC WIDING | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| REGINALD BROWNE | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| RANA FLORIDA | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| DINO FUSCO | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| TAL KERRET | BOARD MEMBER Trustee or director, Officer | 5 | $0 | $0 |
| GINA LOVE | BOARD MEMBER - ON 06/2024 Trustee or director | 5 | $0 | $0 |
| DONAHUE PEEBLES III | BOARD MEMBER - ON 06/2024 Trustee or director | 5 | $0 | $0 |
| ROBERT J PILON JR | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JEFFREY SCOTT | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAL KERRET | BOARD MEMBER Trustee or director, Officer | 2 | $0 |
| CORY SILVERSTEIN | PRESIDENT Trustee or director, Officer | 15 | $0 |
| JEFFREY SCOTT | SECRETARY, TREASURER Trustee or director, Officer | 2 | $0 |
| REGINALD BROWNE | DIRECTOR Trustee or director | 2 | $0 |
| RANA FLORIDA | DIRECTOR Trustee or director | 2 | $0 |
| DINO FUSCO | DIRECTOR Trustee or director | 4 | $0 |
| ERIC WIDING | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT J PILON JR | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7 WTC 250 GREENWICH, NEW YORK, NY 10007-0000
- In care of
- % GENERAL COUNSEL
- Principal officer (990 for 2024)
- DINO FUSCO, 7 WORLD TRADE CENTER, NEW YORK, NY 10007
- Signed the 990
- DINO FUSCO, DIRECTOR
- Phone
- (212) 551-7324
- Website
- SILVERART.COM
- Return prepared by
- CBIZ ADVISORS LLC
Mission
SILVER ART PROJECTS (SAP) IS DEDICATED TO SUPPORTING EMERGING ARTISTS IN NEW YORK CITY BY PROVIDING A YEAR-LONG RESIDENCY TO A COHORT OF 28 ARTISTS THAT RECEIVE SPONSORED STUDIO SPACE, MENTORSHIP, AND STIPENDS.
Program accomplishments
- 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. SILVER ART PROJECTS PROVIDES THE SPACE FREE FOR 10 MONTHS TO ARTISTS, AS WELL AS PROFESSIONAL DEVELOPMENT PROGRAMMING, MENTORSHIP AND SERVICES TO ACCELERATE ARTISTS CAREERS THROUGH NETWORKING OPPORTUNITIES WITH ARTS PROFESSIONALS.Expenses $459,944 · grants $1,200
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
- 84-3881363
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $178,266
- Income (IRS master file)
- $952,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $822,756 | $633,093 | $178,266 | IRS |
| 990 | December 2023 | $163,886 | $532,163 | $289,273 | XML |
| 990 | December 2022 | $256,000 | $564,683 | $416,057 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 84-3881363).
Questions about SILVER ART PROJECTS INC
- What is the EIN of SILVER ART PROJECTS INC?
- The employer identification number (EIN) of SILVER ART PROJECTS INC is 84-3881363.
- Is SILVER ART PROJECTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SILVER ART PROJECTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SILVER ART PROJECTS 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 SILVER ART PROJECTS 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 SILVER ART PROJECTS 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 SILVER ART PROJECTS INC?
- The 990 for the year ended December 31, 2024 names DINO FUSCO.
- Who are the officers and directors of SILVER ART PROJECTS INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $198,462 (GREGORY THORNBURY, EXECUTIVE DIRECTOR).
- How much revenue does SILVER ART PROJECTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $822,756, expenses of $633,093 and total assets of $178,266 at year end.
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