Civic Intelligence

Baryshnikov Arts Center Inc

EIN 13-3031485 • 501(c)3 • New York, NY

Profile

The mission of the center is to foster an interest in the arts; to encourage the development of performers, choreographers, directors, writers, composers, and designers; and to advance their collaboration. In 2005, the organization opened the baryshnikov arts center at 450 west 37th street in new york city. The center serves as a creative laboratory, meeting place and performing space for artists from around the world. Programs include the presentation of performance works, artist residencies, a subsidized rental program and an education program.

450 West 37th StreetNew York, NY 10018

www.bacnyc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

25th percentile

0.07x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

7.6%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

109%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$22,846,043

Up $136,409 (+0.6%) from 2023

Liabilities

Up

$476,226

Up $139,290 (+41%) from 2023

Net Assets

Down

$22,369,817

Down $2,881 (-0.0%) from 2023

Revenue

Down

$3,421,495

Down $1,421,037 (-29%) from 2023

Expenses

Down

$3,653,986

Down $40,454 (-1.1%) from 2023

Net Income

Down

-$232,491

Down $1,380,583 (-120%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2014: $19,115,985Liabilities 2014: $36,148Net Assets 2014: $19,079,8372014Assets 2015: $22,078,597Liabilities 2015: $203,982Net Assets 2015: $21,874,6152015Assets 2016: $21,210,730Liabilities 2016: $78,901Net Assets 2016: $21,131,8292016Assets 2017: $23,319,897Liabilities 2017: $115,718Net Assets 2017: $23,204,1792017Assets 2018: $22,798,958Liabilities 2018: $176,947Net Assets 2018: $22,622,0112018Assets 2019: $22,981,450Liabilities 2019: $144,753Net Assets 2019: $22,836,6972019Assets 2020: $23,345,042Liabilities 2020: $346,004Net Assets 2020: $22,999,0382020Assets 2021: $23,485,089Liabilities 2021: $576,370Net Assets 2021: $22,908,7192021Assets 2022: $21,114,757Liabilities 2022: $390,320Net Assets 2022: $20,724,4372022Assets 2023: $22,709,634Liabilities 2023: $336,936Net Assets 2023: $22,372,6982023Assets 2024: $22,846,043Liabilities 2024: $476,226Net Assets 2024: $22,369,8172024

Highlighted filing

2024

Assets$22,846,043
Liabilities$476,226
Net Assets$22,369,817

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $3,444,872Expenses 2014: $3,174,357Net Income 2014: $270,5152014Revenue 2015: $6,293,536Expenses 2015: $3,498,758Net Income 2015: $2,794,7782015Revenue 2016: $2,788,164Expenses 2016: $3,537,432Net Income 2016: -$749,2682016Revenue 2017: $5,995,298Expenses 2017: $3,678,510Net Income 2017: $2,316,7882017Revenue 2018: $3,328,157Expenses 2018: $3,808,010Net Income 2018: -$479,8532018Revenue 2019: $3,476,139Expenses 2019: $3,841,068Net Income 2019: -$364,9292019Revenue 2020: $2,914,533Expenses 2020: $3,253,493Net Income 2020: -$338,9602020Revenue 2021: $3,282,654Expenses 2021: $3,125,119Net Income 2021: $157,5352021Revenue 2022: $2,317,661Expenses 2022: $3,806,966Net Income 2022: -$1,489,3052022Revenue 2023: $4,842,532Expenses 2023: $3,694,440Net Income 2023: $1,148,0922023Revenue 2024: $3,421,495Expenses 2024: $3,653,986Net Income 2024: -$232,4912024

Highlighted filing

2024

Revenue$3,421,495
Expenses$3,653,986
Net Income-$232,491

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.0
Gross Receipts
$11,666,430
Mission and Program Overview

Mission

The mission of the center is to foster an interest in the arts; toencourage the development of performers, choreographers, directors,writers, composers and designers; and to advance their collaboration. In 2005, the center opened the baryshnikov arts center at 450 west 37thstreet, in new york city. The center serves as a creative laboratory,meeting place and performing space for artists from around the world.programs include the presentation of performance works, artistresidencies, a subsidized rental program and an education program.

The center was established to foster an interest in the arts, encourage the development of artists, and advance the artistic collaboration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,320,900$10,845,238▼ $475,662
Investments in Publicly Traded Securities$5,911,408$7,031,429▲ $1,120,021
Cash and Non-Interest-Bearing Accounts$333,691$2,106,021▲ $1,772,330
Savings and Temporary Cash Investments$104,641$190,486▲ $85,845
Pledges and Grants Receivable$2,695,000$185,000▼ $2,510,000
Accounts Receivable$33,459$143,211▲ $109,752
Prepaid Expenses and Deferred Charges$4,006$38,129▲ $34,123
Total Assets$22,709,634$22,846,043▲ $136,409
Other Assets Total$2,306,529$2,306,529→ $0
Liabilities
Deferred Revenue$117,615$262,403▲ $144,788
Unsecured Notes Loans Payable$146,716$145,759▼ $957
Accounts Payable and Accrued Expenses$72,605$68,064▼ $4,541
Total Liabilities$336,936$476,226▲ $139,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,851,858$16,832,377▲ $980,519
Net Assets With Donor Restrictions$6,520,840$5,537,440▼ $983,400
Total Net Assets Fund Balance$22,372,698$22,369,817▼ $2,881
Total Liabilities and Net Assets / Fund Balance$22,709,634$22,846,043▲ $136,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,799,152$6,942,057$17,741,209
Equipment$17,950$1,187,912$1,205,862
Other Land Buildings$28,136$223,058$251,194
Other Assets Org$2,306,529--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,921,876$68,659▲ $209,588-$4,200,123
2023$3,641,279-▲ $340,720$60,123$3,921,876
2022$4,519,035-▼ $677,756$200,000$3,641,279
2021$4,190,516-▲ $328,519-$4,519,035
2020$3,822,477-▲ $368,039-$4,190,516
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sonja KostichExecutive DiFT$186,702$13,665$200,367
Sonja KostichExecutive Director-$186,702$13,665$200,367
Mikhail BaryshnikovChair EmeritFT$53,496$2,711$56,207

Board Members and Trustees

NameTitle
Dave S HattemChair
Darryl PinckneyBoard Member
Frank Cordasco MdBoard Member
Jamie BishtonBoard Member
Jennifer FrautschiBoard Member
Rebecca GoldringBoard Member
Sandra FoschiBoard Member
Sandy ChoiBoard Member
Shelley WashingtonBoard Member
Slavka B GlaserBoard Member
William James EarleBoard Member
Richard DeschererDeceased
Millicent PowersResigned 1/1
Steven PesnerResigned 11/
Andrew ZoblerResigned 8/1
Steven DupreSecretary
R Jarrett LilienTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,207,320
Program Service Revenue
$1,086,368
Investment Income
$329,239
Other Revenue
$-201,432
All Other Contributions
$1,550,375
Change in Net Assets
$-232,491

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
Other Non Cash Contri Table4$177,828Cost
Total Noncash Contributions4$177,828-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,374,146
Revenue Not Reported on Financial Statements
$47,349
Revenue Not Reported on Form 990
$292,810
Total Revenue per Audited Statements
$3,666,956
Total Revenue per Form 990
$3,421,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,349,883
Salaries, Compensation, and Employee Benefits$1,304,103
Total Fundraising Expense$314,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$510,386$212,661$127,596$850,643
Occupancy$419,555$79,124$25,765$524,444
Depreciation Depletion$382,103$71,647$23,881$477,631
Fees for Services Other$180,506$25,787$51,573$257,866
Current Officers, Directors, Trustees, and Key Employees$153,944$64,144$38,486$256,574
Other Employee Benefits$66,739$27,808$16,685$111,232
Payroll Taxes$51,392$21,414$12,848$85,654
Office Expenses$57,555$19,222$4,807$81,584
Insurance$37,806$12,962$3,241$54,009
Fees for Service Investment Mgmnt Fees-$47,350-$47,350
Information Technology$17,045-$4,262$21,307
Fees for Services Accounting$8,061$1,152$2,303$11,516
Other Expenses$1,960$7,845$3,142$9,805
All Other Expenses$4,983--$4,983
Interest-$3,001-$3,001
Advertising$2,240--$2,240
Travel$671--$671
Total Functional Expenses$2,745,280$594,117$314,589$3,653,986

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,669,837
Total Expenses per Form 990$3,653,986
Expenses per Audited Statements$3,606,637
Expenses Not Reported on Form 990$63,200
Expenses Not Reported on Financial Statements$47,349
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$249,682
Fundraising Gross Income$48,250
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Gala$595,195$48,250$249,682$-201,432
Total Events$595,195$48,250$249,682$-201,432
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Page 6, Part VI, Line 11B

The draft tax return is provided to the board of directors for review and approval prior to filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

If a director or officer of the corporation has a conflicting interest respecting a transaction effected or proposed to be effected by the corporation (or by an entity in which the corporation has a controlling interest), such director or officer shall promptly disclose to the board of directors the existence and nature of the conflicting interest and all facts known to such director or officer respecting the subject matter of the transaction that an ordinarily prudent person would reasonably believe to be material to a judgment about whether or not to proceed with the transaction. After disclosure by a director or officer of a conflicting interest respecting such transaction, those directors who do not have either (a) a conflicting interest respecting the transaction or (b) a familial, financial, professional or employment relationship with a director or officer who does have a conflicting interest respecting the transaction shall explore whether the corporation could obtain with reasonable effort a more advantageous transaction from a person or entity that would not give rise to a conflicting interest, and determine whether the transaction is in the corporation's best interest and for its own benefit and whether it is fair and reasonable. In conformity with the above determination, such directors shall vote on the transaction. If the transaction receives the affirmative vote of a majority of such participating directors, their action shall be effective as the action of the board, provided that the number of such participating directors is at least two.

Form 990, Page 6, Part VI, Line 15A

The compensation of the executive director and other top management officials were determined and approved by the board of directors.

Form 990, Page 6, Part VI, Line 15B

The compensation of the artistic director and other key members of management were determined and approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

The aforementioned documents are available on request.

Filing and Contact Details

Filer

Filer Name
Baryshnikov Arts Center Inc
EIN
13-3031485
Phone
6467313200
Address
450 WEST 37TH STREET, NEW YORK, NY 10018

Signing Officer

Name
Sonja Kostich
Title
Executive Director
Phone
6467313226
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sonja Kostich
Formed
1979
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
14
Employees
66

Preparer

Firm
Rbt Cpas Llp
Address
11 RACQUET RD, NEWBURGH, NY 12550
Preparer
Dale M Hlavacek CPA
Phone
8455679000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the center is to foster an interest in the arts; to encourage the development of performers, choreographers, directors, writers, composers, and designers; and to advance their collaboration. In 2005, the organization opened the baryshnikov arts center at 450 west 37th street in new york city. The center serves as a creative laboratory, meeting place and performing space for artists from around the world. Programs include the presentation of performance works, artist residencies, a subsidized rental program and an education program.

Form 990, Page 2, Part III, Line 4A

Bac presents: the annual public performance series, bac presents, provides an artistically, culturally, and geographically diverse group of dance, theater, music, and multimedia artists with the opportunity to perform new work and reach new audiences. Bac presents has given many emerging artists their world or new york premiers, as well as presenting established artists already renowned in their disciplines. All events are open to the general public,with an average ticket price of 35. In 2024, bac held 1 digital and 10 in-person presentations (37 live performances). Viewership was up to 3,070. Bac residencies: bac residencies provide artists with the space and resources needed to facilitate the development of new projects and collaborations. Bac residencies provide artists with studio space for a three to six week period and a stipend (artist fee). Resident artists may present a work-in- progress showing, but are not required to do so. Bac provides technical, administrative and marketing support, as well as inviting arts professionals, journalists, and peers to residency showings. Bac provides up to 20 residencies annually. Bac rentals: bac provides affordable rehearsal space to individual artists and companies through its subsidized rental program. Bac's subsidized rates start at 10 per hour. Bac also provides reduced rate rentals to non-profit dance, music, theater, and multi-media artists and companies. Bac also offers market rate rentals to commercial arts groups, who rehearse and present their work in our spaces. In 2024, over 50 individual artists and companies rented space in our studios and theaters. Bac education: in 2024, bac started an education pilot program with just one event.

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

During 2013, bac received the majority of its artwork from one donated collection. If a decision to sell the collection is made by bac's board of directors, all proceeds from such sale are to be used to fund bac's artistic residency programs and performance programs. In addition, bac may lend individual pieces on a temporary basis for third party exhibition.

Schedule D, Page 2, Part V, Line 4

The center's endowment funds are used to support the center's programs, dance performances, and dance-related activities.

Schedule D, Page 3, Part X

The center files an annual form 990 as a tax exempt organization under section 501(c)(3) of the internal revenue code. As such, no federal or new york state taxes are paid by the center. The center has been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170 (b)(1)(a)(vi). The center adopted the provisions of accounting principles generally accepted in the united states of america regarding accounting for uncertain tax positions. Management evaluated the center's tax positions and concluded that the center had taken no uncertain tax positions that would require adjustment to the financial statements in order to comply with the provisions of this guidance. With few exceptions, the center is not subject to income tax examinations by the u.s. Federal, state or local tax authorities for fiscal years prior to 2021.

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IRS990/Desc0BAC PRESENTS: THE ANNUAL PUBLIC PERFORMANCE SERIES, BAC PRESENTS, PROVIDES AN ARTISTICALLY, CULTURALLY, AND GEOGRAPHICALLY DIVERSE GROUP OF DANCE, THEATER, MUSIC, AND MULTIMEDIA ARTISTS WITH THE OPPORTUNITY TO PERFORM NEW WORK AND REACH NEW AUDIENCES. BAC PRESENTS HAS GIVEN MANY EMERGING ARTISTS THEIR WORLD OR NEW YORK PREMIERS, AS WELL AS PRESENTING ESTABLISHED ARTISTS ALREADY RENOWNED IN THEIR DISCIPLINES. ALL EVENTS ARE OPEN TO THE GENERAL PUBLIC,WITH AN AVERAGE TICKET PRICE OF 35. IN 2024, BAC HELD 1 DIGITAL AND 10 IN-PERSON PRESENTATIONS (37 LIVE PERFORMANCES). VIEWERSHIP WAS UP TO 3,070. BAC RESIDENCIES: BAC RESIDENCIES PROVIDE ARTISTS WITH THE SPACE AND RESOURCES NEEDED TO FACILITATE THE DEVELOPMENT OF NEW PROJECTS AND COLLABORATIONS. BAC RESIDENCIES PROVIDE ARTISTS WITH STUDIO SPACE FOR A THREE TO SIX WEEK PERIOD AND A STIPEND (ARTIST FEE). RESIDENT ARTISTS MAY PRESENT A WORK-IN- PROGRESS SHOWING, BUT ARE NOT REQUIRED TO DO SO. BAC PROVIDES TECHNICAL, ADMINISTRATIVE AND MARKETING SUPPORT, AS WELL AS INVITING ARTS PROFESSIONALS, JOURNALISTS, AND PEERS TO RESIDENCY SHOWINGS. BAC PROVIDES UP TO 20 RESIDENCIES ANNUALLY. BAC RENTALS: BAC PROVIDES AFFORDABLE REHEARSAL SPACE TO INDIVIDUAL ARTISTS AND COMPANIES THROUGH ITS SUBSIDIZED RENTAL PROGRAM. BAC'S SUBSIDIZED RATES START AT 10 PER HOUR. BAC ALSO PROVIDES REDUCED RATE RENTALS TO NON-PROFIT DANCE, MUSIC, THEATER, AND MULTI-MEDIA ARTISTS AND COMPANIES. BAC ALSO OFFERS MARKET RATE RENTALS TO COMMERCIAL ARTS GROUPS, WHO REHEARSE AND PRESENT THEIR WORK IN OUR SPACES. IN 2024, OVER 50 INDIVIDUAL ARTISTS AND COMPANIES RENTED SPACE IN OUR STUDIOS AND THEATERS. BAC EDUCATION: IN 2024, BAC STARTED AN EDUCATION PILOT PROGRAM WITH JUST ONE EVENT.
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