Nonprofit · EIN 87-0753479
THE LAUNDROMAT PROJECT INC
Also known as WILSON RISE CHAIRMAN
Tax-exempt · BROOKLYN, NY 11247
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,424,145 | $2,877,587 | -$453,442 | $9,191,092 | $76,186 | $9,114,906 |
| December 31, 2023 | 990 | $5,734,078 | $2,676,945 | $3,057,133 | $9,703,556 | $151,160 | $9,552,396 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,062,727
- of which government grants
- $290,655
- Program service revenue
- $10,550
- Investment income
- $347,618
- Net gain from sales of assets
- $1,479
- Other revenue
- $3,250
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $475,836
- Other salaries and wages
- $714,038
- Salaries, compensation and benefits (total)
- $1,471,111
- Professional fundraising fees
- $0
- Occupancy
- $137,492
- Depreciation
- $125,167
- Program services (functional)
- $1,965,007
- Management and general (functional)
- $596,276
- Fundraising (functional)
- $316,304
Balance sheet and other
- Total assets, start of year
- $9,703,556
- Total assets, end of year
- $9,191,092
- Total liabilities, end of year
- $76,186
- Net assets, end of year
- $9,114,906
- Land, buildings and equipment
- $157,887
- Publicly traded securities
- $4,244,093
- Net assets without donor restrictions
- $5,582,986
- Net assets with donor restrictions
- $3,531,920
- Gross receipts
- $6,442,419
- Employees
- 16
- Volunteers
- 0
- Year formed
- 2005
- 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 |
|---|---|---|---|---|
| Ayesha Williams | Executive Director Officer | 40 | $155,433 | $14,418 |
| Ashima Aggarwal | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Alison Cuzzolino | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Kevin Rabsatt | Vice Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jessica Lee | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Naomi Beckwith | Board Member Trustee or director | 1 | $0 | $0 |
| George Suttles | Board Member Trustee or director | 1 | $0 | $0 |
| Patton Hindle | Board Member Trustee or director | 1 | $0 | $0 |
| Susan Delvalle | Board Member Trustee or director | 1 | $0 | $0 |
| Rasu Jilani | Board Member Trustee or director | 1 | $0 | $0 |
| Salvador Muoz | Board Member Trustee or director | 1 | $0 | $0 |
| Diya Vij | Board Member Trustee or director | 1 | $0 | $0 |
| Kevin Harry | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Olukemi Ilesanmi | Executive Director until 12/31/22 Officer, Former | 40 | $164,308 |
| Ayesha Williams | Executive Director as of 1/1/23 Officer | 40 | $149,923 |
| George Suttles | Board Chair Trustee or director, Officer | 1 | $0 |
| Susan Delvalle | Treasurer Trustee or director, Officer | 1 | $0 |
| Ashima Aggarwal | Secretary Trustee or director, Officer | 1 | $0 |
| Rasu Jilani | Board Member Trustee or director | 1 | $0 |
| Naomi Beckwith | Board Member Trustee or director | 1 | $0 |
| Kevin Rabsatt | Board Member Trustee or director | 1 | $0 |
| Patton Hindle | Board Member Trustee or director | 1 | $0 |
| Alison Cuzzolino | Board Member Trustee or director | 1 | $0 |
| Panthea Lee | Board Member Trustee or director | 1 | $0 |
| Jessica Lee | Board Member Trustee or director | 1 | $0 |
| Salvador Muoz | Board Member Trustee or director | 1 | $0 |
| Diya Vij | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 472917, BROOKLYN, NY 11247-2917
- In care of
- % AYESHA WILLIAMS
- Mailing address (990-N for 2009)
- 275 MACDONOUGH STREET, BROOKLYN NY 11233
- Principal officer (990 for 2024)
- Ayesha Williams, Same as C above, Brooklyn, NY 11216
- Principal officer (990-N for 2009)
- RISE WILSON, 275 MACDONOUGH STREET, BROOKLYN NY 11233
- Signed the 990
- Ayesha Williams, Executive Director
- Phone
- (718) 574-0798
- Website
- WWW.LAUNDROMATPROJECT.ORG
- Return prepared by
- RICH AND BANDER LLP
Mission
The Laundromat Project advances artists and neighbors as change agents in their own communities. and community engagement.
Program accomplishments
- Community Engagement - The Organization operates a thriving community hub with workshops, public programs, and other arts programming for artists, neighbors, and community partners in the heart of Central Brooklyn.Expenses $898,990
- Create Change Artist Development - Includes an artist residency that commissions 3-5 artists a year to create public art projects in local community spaces across New York City. It also includes a professional development program that supports up to 15 artists a year in deepening their socially-engaged creative practive.Expenses $990,177
- Special Projects: These expenses related to the general programming expenses that help supplement the Organizations key programs, in service of the organizational goals and Strategic Plan.Expenses $75,840 · revenue $10,550
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
- 87-0753479
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A40)
- Assets (IRS master file)
- $9,191,092
- Income (IRS master file)
- $6,442,419
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,424,145 | $2,877,587 | $9,191,092 | XML |
| 990 | December 2023 | $5,734,078 | $2,676,945 | $9,703,556 | XML |
| 990 | December 2022 | $1,824,950 | $2,033,921 | $6,598,573 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2009 Officer: RISE WILSON | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-0753479).
Questions about THE LAUNDROMAT PROJECT INC
- What is the EIN of THE LAUNDROMAT PROJECT INC?
- The employer identification number (EIN) of THE LAUNDROMAT PROJECT INC is 87-0753479.
- Is THE LAUNDROMAT PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to THE LAUNDROMAT PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LAUNDROMAT PROJECT 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 THE LAUNDROMAT PROJECT 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 THE LAUNDROMAT PROJECT 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 THE LAUNDROMAT PROJECT INC?
- The 990 for the year ended December 31, 2024 names Ayesha Williams.
- Who are the officers and directors of THE LAUNDROMAT PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $155,433 (Ayesha Williams, Executive Director).
- How much revenue does THE LAUNDROMAT PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,424,145, expenses of $2,877,587 and total assets of $9,191,092 at year end.
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