Civic Intelligence

The Bronx River Art Center Inc.

EIN 13-3261148 • 501(c)3 • Bronx, NY

Pub. 78 EligibleNTEE A400

Profile

The bronx river art center is a culturally diverse, multi-arts, nfp organization that provides a forum for community, artists, and youth to transform creativity into vision. Our education, exhibitions, artist studios, and presenting programs cultivate leadership in an urban environment and stewardship of our natural resource, the bronx river.

1087 E Tremont AveBronx, NY 10460

www.bronxriverart.org

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

20th percentile

-28%

Higher net margin than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

26th percentile

-27%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

43rd percentile

-6.8%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$199,595

Down $151,743 (-43%) from 2023

Liabilities

Down

$6,825

Down $15,981 (-70%) from 2023

Net Assets

Down

$192,770

Down $135,762 (-41%) from 2023

Revenue

Down

$486,519

Down $45,600 (-8.6%) from 2023

Expenses

Up

$622,281

Up $56,623 (+10%) from 2023

Net Income

Down

-$135,762

Down $102,223 (-305%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $284,687Liabilities 2011: $58,333Net Assets 2011: $226,3542011Assets 2012: $348,286Liabilities 2012: $106,322Net Assets 2012: $241,9642012Assets 2013: $338,320Liabilities 2013: $81,358Net Assets 2013: $256,9622013Assets 2014: $278,481Liabilities 2014: $72,366Net Assets 2014: $206,1152014Assets 2015: $393,475Liabilities 2015: $96,431Net Assets 2015: $297,0442015Assets 2016: $187,008Liabilities 2016: $121,320Net Assets 2016: $65,6882016Assets 2017: $309,876Liabilities 2017: $123,447Net Assets 2017: $186,4292017Assets 2018: $277,116Liabilities 2018: $127,572Net Assets 2018: $149,5442018Assets 2019: $298,050Liabilities 2019: $99,284Net Assets 2019: $198,7662019Assets 2020: $461,183Liabilities 2020: $65,716Net Assets 2020: $395,4672020Assets 2021: $624,998Liabilities 2021: $182,889Net Assets 2021: $442,1092021Assets 2022: $377,467Liabilities 2022: $15,396Net Assets 2022: $362,0712022Assets 2023: $351,338Liabilities 2023: $22,806Net Assets 2023: $328,5322023Assets 2024: $199,595Liabilities 2024: $6,825Net Assets 2024: $192,7702024

Highlighted filing

2024

Assets$199,595
Liabilities$6,825
Net Assets$192,770

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $467,043Expenses 2011: $458,305Net Income 2011: $8,7382011Expenses 2012: $460,5282012Revenue 2013: $520,248Expenses 2013: $505,250Net Income 2013: $14,9982013Revenue 2014: $547,100Expenses 2014: $597,947Net Income 2014: -$50,8472014Revenue 2015: $568,558Expenses 2015: $477,629Net Income 2015: $90,9292015Revenue 2016: $286,216Expenses 2016: $357,819Net Income 2016: -$71,6032016Revenue 2017: $404,961Expenses 2017: $284,220Net Income 2017: $120,7412017Revenue 2018: $412,799Expenses 2018: $449,684Net Income 2018: -$36,8852018Revenue 2019: $536,737Expenses 2019: $487,515Net Income 2019: $49,2222019Revenue 2020: $683,579Expenses 2020: $486,878Net Income 2020: $196,7012020Revenue 2021: $509,924Expenses 2021: $463,282Net Income 2021: $46,6422021Revenue 2022: $559,653Expenses 2022: $639,691Net Income 2022: -$80,0382022Revenue 2023: $532,119Expenses 2023: $565,658Net Income 2023: -$33,5392023Revenue 2024: $486,519Expenses 2024: $622,281Net Income 2024: -$135,7622024

Highlighted filing

2024

Revenue$486,519
Expenses$622,281
Net Income-$135,762

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.00$0.07$1.93$4.87$6.22$1.36
2023Detailed filing. Detailed filing data is available for this year.$3.51$0.23$3.29$5.32$5.66$0.34
2022Detailed filing. Detailed filing data is available for this year.$3.77$0.15$3.62$5.60$6.40$0.80
2021Detailed filing. Detailed filing data is available for this year.$6.25$1.83$4.42$5.10$4.63$0.47
2020Detailed filing. Detailed filing data is available for this year.$4.61$0.66$3.95$6.84$4.87$1.97
2019Detailed filing. Detailed filing data is available for this year.$2.98$0.99$1.99$5.37$4.88$0.49
2018Detailed filing. Detailed filing data is available for this year.$2.77$1.28$1.50$4.13$4.50$0.37
2017Detailed filing. Detailed filing data is available for this year.$3.10$1.23$1.86$4.05$2.84$1.21
2016Detailed filing. Detailed filing data is available for this year.$1.87$1.21$0.66$2.86$3.58$0.72
2015Detailed filing. Detailed filing data is available for this year.$3.93$0.96$2.97$5.69$4.78$0.91
2014Detailed filing. Detailed filing data is available for this year.$2.78$0.72$2.06$5.47$5.98$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.81$2.57$5.20$5.05$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$1.06$2.42$4.61
2011Summary only. Only limited summary data is available for this year.$2.85$0.58$2.26$4.67$4.58$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$486,519
Mission and Program Overview

Mission

The bronx river art center is a culturally diverse, multi-arts, nfp organization that provides a forum for community, artists, and youth to transform creativity into vision. Our education, exhibitions, artist studios, and presenting programs cultivate leadership in an urban environment and stewardship of our natural resource, the bronx river.

Bronx river art center brac is a culturally diverse, multi-arts, non-profit organization that provides a forum for community, artists, and youth to transform creativity into vision, and vision into action.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$105,876$71,145▼ $34,731
Cash and Non-Interest-Bearing Accounts$152,803$64,132▼ $88,671
Land, Buildings, and Equipment, Net$82,803$62,413▼ $20,390
Prepaid Expenses and Deferred Charges$3,708$755▼ $2,953
Total Assets$351,338$199,595▼ $151,743
Other Assets Total$6,148$1,150▼ $4,998
Liabilities
Other Liabilities$2,825$3,825▲ $1,000
Accounts Payable and Accrued Expenses$19,981$3,000▼ $16,981
Total Liabilities$22,806$6,825▼ $15,981
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$297,049$192,770▼ $104,279
Net Assets With Donor Restrictions$31,483--
Total Net Assets Fund Balance$328,532$192,770▼ $135,762
Total Liabilities and Net Assets / Fund Balance$351,338$199,595▼ $151,743

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,068$153,595$171,663
Leasehold Improvements$44,345$67,976$112,321
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gail NathanExecutive DirectorFT$84,729$84,729
Maggie Scott GreenfieldInterim Executive DirectorFT$8,910$8,910

Board Members and Trustees

NameTitle
Liliana CandelarioChair
Eduardo DuarteVice Chair
Franchesca DiazBoard Member
Katie GiacconeBoard Member
Michael WheelerBoard Member
Danielle CorbinSecretary
Anthony BaileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$374,989
Program Service Revenue
$111,530
Investment Income
$0
Other Revenue
$0
All Other Contributions
$66,027
Change in Net Assets
$-135,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$519,099
Salaries, Compensation, and Employee Benefits$103,182
Total Fundraising Expense$12,881
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$290,292$13,262$6,217$309,771
Current Officers, Directors, Trustees, and Key Employees$58,599$26,344$1,236$86,179
Occupancy$36,624$17,764$888$55,276
Fees for Services Accounting$413$37,612$1,238$39,263
Office Expenses$34,958--$34,958
Insurance$15,902$5,301-$21,203
Depreciation Depletion$10,806$6,525$3,059$20,390
Other Employee Benefits$6,742$3,031$142$9,915
Payroll Taxes$4,820$2,167$101$7,088
Travel$3,189--$3,189
Total Functional Expenses$497,394$112,006$12,881$622,281
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$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
Federal income taxes$3,825
Studio Security Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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 B, Line 11B

The prepared form 990 is reviewed by the executive director and then presented to the chairperson and tresurer of the governing body for review and approval before the return is filed with the irs.

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

Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing bodys deliberations and decisions in the transaction.

Form 990, Part VI, Section B, Line 15A

The members of the governing body determine the executive directors compensation using data on compensation paid by comparable organizations for similar services.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Bronx River Art Center Inc
EIN
13-3261148
Phone
7185895819
Address
1087 E TREMONT AVE, Bronx, NY 10460

Signing Officer

Name
Akia Squitieri
Title
Executive Director
Phone
7185895819
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Akia Squitieri
Formed
1987
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Stephen Franciosa CPA
Address
213 FORDHAM STREET, BRONX, NY 10464
Preparer
Stephen Franciosa CPA
Phone
7188859191
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Brac interdisciplinary programming is curated by local creative professionals and artists, and incorporates contemporary art, environmental and social issues impacting our bronx community - including health and nutrition, our local natural environment, and the built environment - to inspire our participants, especially youth and teens, to positively impact their communities. We are committed to providing access to affordable art education for people of all ages and experience levels, including professional development opportunities for career-level artists of all backgrounds. In fy24, brac directly served 2,150 participants and indirectly served an additional 6,000 people through virtual programs and digital communications. A top organizational priority is to grow our education programs for adults and youth, artist residency programs, and outreach programs to reach more bronxites in need of a vibrant and welcoming hub for creative expression. In fy24, 875 registered students attended 3,656 classes in three 10-week semesters and one 5-week intensive summer series. Brac is committed to fostering interdisciplinary arts programming augments academic studies in young people, improving both academic performance and quality of life. Brac has recently expanded our free after-school program for young artists ages 12 - 18, adding a middle school after-school program to its suite of services. In april 2025, brac welcomed a new executive director, akia squitieri, and is looking to expand its performing arts offerings, special events, and our annual performing arts festival. New program offerings will include theatre, dance, and spoken word presentations, along with performing arts residencies in our facility.

Financial Statement Notes

X 2

The organization recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition or disclosure. The organization did not conduct unrelated business activities during the years ended june 30, 2024 or june 30, 2023. As a result, no provision for income taxes has been made in these financial statements.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STUDIO SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION DID NOT CONDUCT UNRELATED BUSINESS ACTIVITIES DURING THE YEARS ENDED JUNE 30, 2024 OR JUNE 30, 2023. AS A RESULT, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARED FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN PRESENTED TO THE CHAIRPERSON AND TRESURER OF THE GOVERNING BODY FOR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODYS DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE GOVERNING BODY DETERMINE THE EXECUTIVE DIRECTORS COMPENSATION USING DATA ON COMPENSATION PAID BY COMPARABLE ORGANIZATIONS FOR SIMILAR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BRAC INTERDISCIPLINARY PROGRAMMING IS CURATED BY LOCAL CREATIVE PROFESSIONALS AND ARTISTS, AND INCORPORATES CONTEMPORARY ART, ENVIRONMENTAL AND SOCIAL ISSUES IMPACTING OUR BRONX COMMUNITY - INCLUDING HEALTH AND NUTRITION, OUR LOCAL NATURAL ENVIRONMENT, AND THE BUILT ENVIRONMENT - TO INSPIRE OUR PARTICIPANTS, ESPECIALLY YOUTH AND TEENS, TO POSITIVELY IMPACT THEIR COMMUNITIES. WE ARE COMMITTED TO PROVIDING ACCESS TO AFFORDABLE ART EDUCATION FOR PEOPLE OF ALL AGES AND EXPERIENCE LEVELS, INCLUDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR CAREER-LEVEL ARTISTS OF ALL BACKGROUNDS. IN FY24, BRAC DIRECTLY SERVED 2,150 PARTICIPANTS AND INDIRECTLY SERVED AN ADDITIONAL 6,000 PEOPLE THROUGH VIRTUAL PROGRAMS AND DIGITAL COMMUNICATIONS. A TOP ORGANIZATIONAL PRIORITY IS TO GROW OUR EDUCATION PROGRAMS FOR ADULTS AND YOUTH, ARTIST RESIDENCY PROGRAMS, AND OUTREACH PROGRAMS TO REACH MORE BRONXITES IN NEED OF A VIBRANT AND WELCOMING HUB FOR CREATIVE EXPRESSION. IN FY24, 875 REGISTERED STUDENTS ATTENDED 3,656 CLASSES IN THREE 10-WEEK SEMESTERS AND ONE 5-WEEK INTENSIVE SUMMER SERIES. BRAC IS COMMITTED TO FOSTERING INTERDISCIPLINARY ARTS PROGRAMMING AUGMENTS ACADEMIC STUDIES IN YOUNG PEOPLE, IMPROVING BOTH ACADEMIC PERFORMANCE AND QUALITY OF LIFE. BRAC HAS RECENTLY EXPANDED OUR FREE AFTER-SCHOOL PROGRAM FOR YOUNG ARTISTS AGES 12 - 18, ADDING A MIDDLE SCHOOL AFTER-SCHOOL PROGRAM TO ITS SUITE OF SERVICES. IN APRIL 2025, BRAC WELCOMED A NEW EXECUTIVE DIRECTOR, AKIA SQUITIERI, AND IS LOOKING TO EXPAND ITS PERFORMING ARTS OFFERINGS, SPECIAL EVENTS, AND OUR ANNUAL PERFORMING ARTS FESTIVAL. NEW PROGRAM OFFERINGS WILL INCLUDE THEATRE, DANCE, AND SPOKEN WORD PRESENTATIONS, ALONG WITH PERFORMING ARTS RESIDENCIES IN OUR FACILITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4A
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01087 E TREMONT AVE
IRS990/USAddress/CityNm0BRONX
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AKIA SQUITIERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07185895819
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BRONX RIVER ART CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0BRON
ReturnHeader/Filer/EIN0133261148

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