Civic Intelligence

Haleakala Inc DBA the Kitchen

990 • Fiscal year 2023 • EIN 13-2829756

Jul 01, 2022 to Jun 30, 2023 • Filed on May 11, 2024

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512 West 19th StreetNew York, NY 10011-2807

(212) 255-5793

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.12x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • NTEE A • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.34x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • NTEE A • $10M-$25M nonprofits • Source year 2023

Net Margin

90th percentile

57%

Higher net margin than 90% of similar nonprofits.

2023 filings • NTEE A • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$189,985

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2023 filings • NTEE A • $10M-$25M nonprofits • Source year 2023

Asset Growth

92nd percentile

52%

Faster asset growth than 92% of similar nonprofits.

2023 filings • NTEE A • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

66%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • NTEE A • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$18,231,252

Up $6,251,702 (+52%) from 2022

Net Assets

Up

$15,957,611

Up $4,216,800 (+36%) from 2022

Liabilities

Up

$2,273,641

Up $2,034,902 (+852%) from 2022

Revenue

Up

$6,742,034

Up $2,683,434 (+66%) from 2022

Expenses

Up

$2,910,677

Up $681,580 (+31%) from 2022

Net Income

Up

$3,831,357

Up $2,001,854 (+109%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $3,640,813Liabilities 2011: $159,478Net Assets 2011: $3,481,3352011Assets 2012: $3,231,558Liabilities 2012: $55,548Net Assets 2012: $3,176,0102012Assets 2013: $3,452,494Liabilities 2013: $166,748Net Assets 2013: $3,285,7462013Assets 2014: $3,966,410Liabilities 2014: $99,269Net Assets 2014: $3,867,1412014Assets 2015: $4,224,319Liabilities 2015: $138,196Net Assets 2015: $4,086,1232015Assets 2016: $5,443,639Liabilities 2016: $64,416Net Assets 2016: $5,379,2232016Assets 2017: $5,368,441Liabilities 2017: $103,481Net Assets 2017: $5,264,9602017Assets 2018: $5,464,016Liabilities 2018: $117,036Net Assets 2018: $5,346,9802018Assets 2019: $6,637,621Liabilities 2019: $157,945Net Assets 2019: $6,479,6762019Assets 2020: $7,516,061Liabilities 2020: $490,478Net Assets 2020: $7,025,5832020Assets 2021: $11,182,217Liabilities 2021: $649,510Net Assets 2021: $10,532,7072021Assets 2022: $11,979,550Liabilities 2022: $238,739Net Assets 2022: $11,740,8112022Assets 2023: $18,231,252Liabilities 2023: $2,273,641Net Assets 2023: $15,957,6112023Assets 2024: $17,824,102Liabilities 2024: $1,181,200Net Assets 2024: $16,642,9022024

Highlighted filing

2023

Assets$18,231,252
Liabilities$2,273,641
Net Assets$15,957,611

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,195,066Expenses 2011: $1,823,293Net Income 2011: $371,7732011Revenue 2012: $1,634,428Expenses 2012: $1,937,560Net Income 2012: -$303,1322012Revenue 2013: $1,954,573Expenses 2013: $1,854,137Net Income 2013: $100,4362013Revenue 2014: $2,608,816Expenses 2014: $2,097,982Net Income 2014: $510,8342014Revenue 2015: $2,328,380Expenses 2015: $2,115,172Net Income 2015: $213,2082015Revenue 2016: $3,477,618Expenses 2016: $2,125,650Net Income 2016: $1,351,9682016Revenue 2017: $2,009,793Expenses 2017: $2,262,508Net Income 2017: -$252,7152017Revenue 2018: $2,061,516Expenses 2018: $2,214,582Net Income 2018: -$153,0662018Revenue 2019: $3,609,571Expenses 2019: $2,504,156Net Income 2019: $1,105,4152019Revenue 2020: $2,495,219Expenses 2020: $2,105,927Net Income 2020: $389,2922020Revenue 2021: $5,093,956Expenses 2021: $2,050,182Net Income 2021: $3,043,7742021Revenue 2022: $4,058,600Expenses 2022: $2,229,097Net Income 2022: $1,829,5032022Revenue 2023: $6,742,034Expenses 2023: $2,910,677Net Income 2023: $3,831,3572023Revenue 2024: $4,323,450Expenses 2024: $3,388,609Net Income 2024: $934,8412024

Highlighted filing

2023

Revenue$6,742,034
Expenses$2,910,677
Net Income$3,831,357
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 11, 2024
Return Version
2022v5.0
Gross Receipts
$9,576,595
Mission and Program Overview

Mission

As one of new york city's oldest nonprofit alternative art centers, the kitchen is dedicated to offering emerging and established artists opportunities to create and present new work within, and across, the disciplines of dance, music, theater, visual art, and literature. Known for its commitment to providing instrumental early support for artists who have progressed to later prominence, the kitchen has been a powerful force in shaping the cultural landscape of this country.

The kitchen is one of new york city's oldest nonprofit art centers dedicated to supporting artists working within, and across, the fields of music, dance, theater, video and film, art, and literature. Founded in 1971, the kitchen has pioneered genre-defying art and helped launch the careers of many artists who have defined the american avant-garde. Known for its commitment to providing instrumental early support for artists who have progressed to later prominence, the kitchen has been a leading force in shaping the cultural landscape of this country for nearly five decades.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,650,806$5,823,673▼ $1,827,133
Pledges and Grants Receivable$640,788$2,853,005▲ $2,212,217
Cash and Non-Interest-Bearing Accounts$18,122$1,673,042▲ $1,654,920
Land, Buildings, and Equipment, Net$767,672$827,139▲ $59,467
Prepaid Expenses and Deferred Charges$130,140$83,897▼ $46,243
Accounts Receivable-$57,216-
Savings and Temporary Cash Investments$1,022,357$50,834▼ $971,523
Total Assets$11,979,550$18,231,252▲ $6,251,702
Other Assets Total$1,749,665$6,862,446▲ $5,112,781
Liabilities
Accounts Payable and Accrued Expenses$238,739$1,849,360▲ $1,610,621
Other Liabilities$0$424,281▲ $424,281
Total Liabilities$238,739$2,273,641▲ $2,034,902
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,603,757$10,969,650▲ $4,365,893
Net Assets Without Donor Restrictions$5,137,054$4,987,961▼ $149,093
Total Net Assets Fund Balance$11,740,811$15,957,611▲ $4,216,800
Total Liabilities and Net Assets / Fund Balance$11,979,550$18,231,252▲ $6,251,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$462,303$2,084,433$2,546,736
Equipment$13,780$290,467$304,247
Other Land Buildings$135,286$96,001$231,287
Land$215,770-$215,770
Other Assets Org$392,497--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$751,215-▲ $76,538$39,610$788,143
2021$879,673-▼ $89,079$39,379$751,215
2020$745,686-▲ $170,842$36,855$879,673
2019$737,432-▲ $44,302$36,048$745,686
2018$728,187-▲ $43,985$34,740$737,432
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Legacy RussellExecutive Director & Chief CuratorFT$173,465$16,520$189,985
Kerry ScheidtAssociate DirectorFT$123,380$21,882$145,262
Effie Philips StaleyCapital Campaign DirectorFT$110,863$41$110,904

Board Members and Trustees

NameTitle
Robert SorosChairperson
Marla J MayerPresident
Jacqueline HumphriesVice Chairperson
Wade GuytonVice President
Bryce DessnerBoard Member
Charlotte Feng FordBoard Member
Courtney Willis BlairBoard Member
Debra SingerBoard Member
James Von MoltkeBoard Member
Laurance CartyBoard Member
Laurie AndersonBoard Member
Molly DaviesBoard Member
Nora ClancyBoard Member
Oliver NewtonBoard Member
Olivier BerggruenBoard Member
Sarah ArisonBoard Member
Sarah JonesBoard Member
Simone LeighBoard Member
Suzy Coue-wilsonBoard Member
Douglas a HandSecretary
Chris AhearnTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Yorke Construction CorporationConstruction140 WEST 31ST - 4TH FLOOR, New York, NY 10001$3,641,950
Tarter Krinsky & Drogin LLPConstruction1350 BROADWAY, New York, NY 10018$360,609
Rice & Lipika ArchitectConstruction40 WORTH STREET 828, New York, NY 10013$332,430
Paratus GroupConstruction552 BROADWAY - ROOM 6N, New York, NY 10012$235,037
Gustavino INCRestaurant For Formal Gala Fundraising409 E 59TH ST, New York, NY 10022$147,129
Revenue and Support

Revenue Composition

Contributions and Grants
$6,378,084
Program Service Revenue
$133,115
Investment Income
$230,835
Other Revenue
$0
All Other Contributions
$5,653,312
Change in Net Assets
$3,831,357

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded280$30,698Fair Market Value
Total Noncash Contributions280$30,698-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,706,685
Revenue Not Reported on Financial Statements
$35,349
Revenue Not Reported on Form 990
$876,752
Total Revenue per Audited Statements
$7,583,437
Total Revenue per Form 990
$6,742,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,499,412
Other Expenses$1,411,265
Total Fundraising Expense$613,911
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$678,718$218,469$153,532$1,050,719
Fees for Services Other$87,275$146,457-$233,732
Occupancy$150,995$44,135$35,641$230,771
Current Officers, Directors, Trustees, and Key Employees$147,902$21,129$42,258$211,289
All Other Expenses$174,600$7,175$5,794$187,569
Other Employee Benefits$79,770$25,334$18,159$123,263
Payroll Taxes$74,683$21,829$17,629$114,141
Other Expenses$103,563$105,564$86,657$86,657
Insurance$55,534$16,232$13,108$84,874
Depreciation Depletion$49,309$14,413$11,639$75,361
Fees for Service Investment Mgmnt Fees-$35,349-$35,349
Fees for Services Accounting-$25,000-$25,000
Office Expenses$4,745$1,387$1,120$7,252
Travel$5,825--$5,825
Advertising$1,374--$1,374
Total Functional Expenses$1,614,293$682,473$613,911$2,910,677

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,366,637
Total Expenses per Form 990$2,910,677
Expenses per Audited Statements$2,875,328
Expenses Not Reported on Form 990$491,309
Expenses Not Reported on Financial Statements$35,349
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$107,116
Fundraising Gross Income$107,116
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$460,828$107,116$24,916$82,200
Total Events$460,828$107,116$107,116$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$424,281
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Marla mayer and chris ahearn, board members - family relationship.

Form 990, Part VI, Section B, Line 11B

Prior to filing, the board officers signing the document are given the 990 to review and approve. The 990 is distributed to the audit committee, along with the financial statements for review and approval. Additionally, the audit committee meets with the cpas who conducted the audit and prepared the 990.

Form 990, Part VI, Section B, Line 12C

1. Duty to disclose: in connection with any present or proposed transaction or arrangement, an interested person must disclose the existence of any financial interest and all material facts to the persons in the organization with responsibility for, or who are considering, the transaction or arrangement. These persons may include staff, officers, directors or a member of a committee with board delegated powers. 2. Determining whether a conflict of interest exists: a. After the interested person discloses the financial interest and all material facts, and after any discussion with the interested person, the responsible persons shall evaluate whether the financial interest presents a conflict of interest. If the financial interest was disclosed to an individual member of the staff, officer or director, such person shall present the matter to the board or responsible committee of the organization. B. An interested person may make a presentation at the board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, whether the transaction or arrangement presents a possible conflict of interest. 3. Procedures for addressing the conflict of interest: a. If the financial interest has been disclosed to the board or a committee, and if it is determined that a conflict of interest exists, the chairperson thereof shall, if appropriate, appoint a disinterested person or committee to investigate options, including, if appropriate, alternatives to the existing or proposed transaction or arrangement. B. After exercising due diligence (taking into account, without limitation, the unique qualifications of the person or entity providing the goods or services involved in the transaction or arrangement, and the amount of consideration, monetary or otherwise, involved in the transaction or arrangement), the board or committee shall determine whether the organization can obtain, with reasonable efforts, a demonstrably more advantageous transaction or arrangement from a person or entity that would not present a conflict of interest. C. If a demonstrably more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine whether the existing or proposed transaction or arrangement is in the organization's best interest, for its own benefit, whether it is fair and reasonable and whether to maintain or enter into the transaction or arrangement. 4. Violations of the conflicts of interest policy: a. If the board or committee has reasonable cause to believe that a person has failed to disclose a financial interest in violation of this policy, it shall inform the person of the basis for such belief, and afford such person an opportunity to explain the alleged failure to disclose. B. If, after hearing the person's response and after making further investigation as warranted by the circumstances, the board or committee determines the person has failed to disclose a financial interest as required by this policy, it shall take appropriate action.

Form 990, Part VI, Section B, Line 15

The organization's board of directors receive no compensation. The executive director's salary is approved by the board of directors. In determining the salary, the board considers overall performance, the position and health of the organization in relation to other similar organizations. A written employment contract, approved by the board of directors, is issued to the executive director, which details compensation. A compensation survey is made available to the board to help determine appropriate salaries for the executive director and key employees.

Form 990, Part VI, Section C, Line 19

The financial statements are available upon request. Other written policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Haleakala Inc
EIN
13-2829756
Phone
2122555793
Address
512 WEST 19TH STREET, NEW YORK, NY 10011-2807

Signing Officer

Name
Legacy Russell
Title
Executive Director
Phone
2122555793
Signed
2024-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Legacy Russell
Formed
1971
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
21
Employees
88
Volunteers
23

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

General endowment fund each year a maximum of 5% of the three-year rolling average of the year end value or fund balance may be drawn down if needed. The draw or withdrawal will be recommended by the executive director and must be approved by the finance committee. Program endowment funds each year a maximum of 5% of the three-year rolling average of the year-end value or fund balance may be drawn down and used for designated program costs. The executive director will execute the withdrawal and report to the finance committee.

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IRS990/ActivityOrMissionDesc0THE KITCHEN IS ONE OF NEW YORK CITY'S OLDEST NONPROFIT ART CENTERS DEDICATED TO SUPPORTING ARTISTS WORKING WITHIN, AND ACROSS, THE FIELDS OF MUSIC, DANCE, THEATER, VIDEO AND FILM, ART, AND LITERATURE. FOUNDED IN 1971, THE KITCHEN HAS PIONEERED GENRE-DEFYING ART AND HELPED LAUNCH THE CAREERS OF MANY ARTISTS WHO HAVE DEFINED THE AMERICAN AVANT-GARDE. KNOWN FOR ITS COMMITMENT TO PROVIDING INSTRUMENTAL EARLY SUPPORT FOR ARTISTS WHO HAVE PROGRESSED TO LATER PROMINENCE, THE KITCHEN HAS BEEN A LEADING FORCE IN SHAPING THE CULTURAL LANDSCAPE OF THIS COUNTRY FOR NEARLY FIVE DECADES.
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IRS990/Desc0PERFORMANCE & EXHIBITIONRECOGNIZING ITS LONGSTANDING LEGACY OF EXPERIMENTATION, THE KITCHEN REMAINS DEVOTED TO NURTURING A COMMUNITY OF ARTISTS AND AUDIENCES, PROVIDING ARTISTS THE OPPORTUNITY TO MAKE--AND FOR AUDIENCES TO ENGAGE WITH--WORK THAT TAKES RISKS NOT AVAILABLE ELSEWHERE. THE KITCHEN ANNUALLY PRODUCES ABOUT 90 PROGRAMS IN ITS GROUND-FLOOR, BLACK-BOX THEATER AND SEVEN TO EIGHT MULTIDISCIPLINARY EXHIBITIONS IN THE SECOND-FLOOR GALLERY. IN KEEPING WITH ITS MISSION TO PROVIDE AN ACCESSIBLE SPACE FOR ARTISTS AND THE PUBLIC, TICKET PRICES FOR PERFORMANCES ARE AFFORDABLE, WHILE ADMISSION TO ARTIST'S TALKS, LITERARY READINGS, AND GALLERY EXHIBITIONS IS FREE OF CHARGE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt22ASSOCIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CAPITAL CAMPAIGN DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
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IRS990/MissionDesc0AS ONE OF NEW YORK CITY'S OLDEST NONPROFIT ALTERNATIVE ART CENTERS, THE KITCHEN IS DEDICATED TO OFFERING EMERGING AND ESTABLISHED ARTISTS OPPORTUNITIES TO CREATE AND PRESENT NEW WORK WITHIN, AND ACROSS, THE DISCIPLINES OF DANCE, MUSIC, THEATER, VISUAL ART, AND LITERATURE. KNOWN FOR ITS COMMITMENT TO PROVIDING INSTRUMENTAL EARLY SUPPORT FOR ARTISTS WHO HAVE PROGRESSED TO LATER PROMINENCE, THE KITCHEN HAS BEEN A POWERFUL FORCE IN SHAPING THE CULTURAL LANDSCAPE OF THIS COUNTRY.
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IRS990/OtherExpensesGrp/Desc2PRESENTING FEES
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IRS990/OtherExpensesGrp/TotalAmt1112953
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0218469
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0678718
IRS990/OtherSalariesAndWagesGrp/TotalAmt01050719

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.8$1.18$16.6$4.32$3.39$0.93
2023Detailed filing. Detailed filing data is available for this year.$18.2$2.27$16.0$6.74$2.91$3.83
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$0.24$11.7$4.06$2.23$1.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$0.65$10.5$5.09$2.05$3.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.52$0.49$7.03$2.50$2.11$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.64$0.16$6.48$3.61$2.50$1.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.46$0.12$5.35$2.06$2.21$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.10$5.26$2.01$2.26$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.44$0.06$5.38$3.48$2.13$1.35
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.22$0.14$4.09$2.33$2.12$0.21
2014Detailed filing. Detailed filing data is available for this year.$3.97$0.10$3.87$2.61$2.10$0.51
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.45$0.17$3.29$1.95$1.85$0.10
2012Summary only. Only limited summary data is available for this year.$3.23$0.06$3.18$1.63$1.94$0.30
2011Summary only. Only limited summary data is available for this year.$3.64$0.16$3.48$2.20$1.82$0.37
Peer Organizations

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