Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Black & White Project Space Inc.
990 • Fiscal year 2021 • EIN 26-1718104
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
49th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Down$0
Down $212 (-100%) from 2020
Net Assets
Down$0
Down $212 (-100%) from 2020
Liabilities
Flat$0
Flat from 2020
Revenue And Expenses
Revenue
Up$29,865
Up $29,865 from 2020
Expenses
Up$38,329
Up $38,329 from 2020
Net Income
Down-$8,464
Down $8,464 from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Mar 16, 2021
- Return Version
- 2021v4.0
- Gross Receipts
- $29,865
Mission and Program Overview
Mission
Black & White Project Space is an art space dedicated to providing artists the freedom to experiment with new ideas and mediums without commercial pressures. By supporting experimentation and project-based exhibitions & performances, artists are encouraged to cross over diverse art mediums and create site-specific installations and performances as an extension of their representative work.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $0 | $0 | → $0 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Accounts Receivable | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Investments in Publicly Traded Securities | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | - | - |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Other Assets Total | $0 | $0 | → $0 |
| Total Assets | $0 | $0 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $0 | $0 | → $0 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Other Liabilities | $0 | - | - |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $0 | $0 | → $0 |
| Total Liabilities and Net Assets / Fund Balance | $0 | $0 | → $0 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Tatyana Okshteyn | President |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $29,865
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $-8,464
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $38,329 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $22,056 | $0 | $0 | $22,056 |
| All Other Expenses | $13,700 | $0 | $0 | $13,700 |
| Office Expenses | $1,213 | - | - | $1,213 |
| Information Technology | $560 | - | - | $560 |
| Insurance | $544 | $0 | $0 | $544 |
| Travel | $256 | - | - | $256 |
| Total Functional Expenses | $38,329 | $0 | $0 | $38,329 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Black and White Project Space Inc | Brooklyn, NY | - | To support Beachsessions Dance Series in Rockaway Beach, Queens, NY August, 2021 program | $20,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- 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
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- 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
“All data is downloaded from Black & White Project Space Inc. bank account at Chase Manhattan Bank into the company's account maintained in Quickbooks.”
Form 990, Part VI, Section C, Line 19
“Upon request”
Filing and Contact Details
Filer
- Filer Name
- Black & White Project Space Inc
- EIN
- 26-1718104
- Phone
- 9178487261
- Address
- 967 Greene Avenue, Brooklyn, NY 11221
Signing Officer
- Name
- Tatyana Okshteyn
- Title
- director
- Phone
- 9178487261
- Signed
- 2021-03-16
Organization Details
- Principal Officer
- Tatyana Okshteyn
- Formed
- 2009
- Legal Domicile
- Ny
- Voting Board Members
- 2
- Independent Board Members
- 2
- Employees
- 0
- Volunteers
- 2
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 2
“Became fiscal sponsor for Beachsessions - http://www.beachsessionsdanceseries.com/who-we-are Beach Sessions Dance Series is a pioneering performance series in Rockaway Beach, Queens, NYC. Our mission is to commission, produce, and present site-responsive choreographic work on New York's shoreline, creating ambitious new work that expands the boundaries of contemporary dance. Beach Sessions utilizes Rockaway's untapped creative resources to inspire sustained investment in our beaches. The series was established in 2015 by Rockaway Beach resident and performance producer Sasha Okshteyn to support a unique vision for the presentation of dance works in public spaces, and bring the popular outdoor dance festival model to New York City's public beach. Since its inaugural season, Beach Sessions has presented more than 60 established to emerging artists to an audience of more than 5,000 people. It has built a reputation for bringing New York audiences non-traditional and multi-sensory live performance programming. And has introduced the Rockaways as a promising place for artmaking and cultural events.”
Form 990, Part IX, Line 24E
“Payment to performers 1099 forms”
Financial Statement Notes
Schedule D, Part III, Line 1
“BLACK & WHITE ART FUND The Fund was established in the summer of 2013. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program. Acquisition funding will be achieved through grants, direct donations and Charitable Sales campaigns conducted by Black & White Gallery/Project Space at art fairs and its new location to be announced soon. It is NOT an investment fund. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program.”
Schedule D, Part III, Line 4
“BLACK & WHITE ART FUND The Fund was established in the summer of 2013. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program. Acquisition funding will be achieved through grants, direct donations and Charitable Sales campaigns conducted by Black & White Gallery/Project Space at art fairs and its new location to be announced soon. It is NOT an investment fund. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program.”
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| IRS990/Desc | 0 | Beachsession (fiscally sponsored by Black & White Project Space Inc) produced a powerful performance on the Rockaway Beach in Queens, NY. The performance included 20 performers who could not work anywhere else because of the Covid-19 lockdown. |
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| IRS990/MissionDesc | 0 | Black & White Project Space is an art space dedicated to providing artists the freedom to experiment with new ideas and mediums without commercial pressures. By supporting experimentation and project-based exhibitions & performances, artists are encouraged to cross over diverse art mediums and create site-specific installations and performances as an extension of their representative work. |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Black & White Project Space produced the art show "Green Fuse" addressing the beauty of of nature and preservation of the environment. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | BLACK & WHITE ART FUND The Fund was established in the summer of 2013. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program. Acquisition funding will be achieved through grants, direct donations and Charitable Sales campaigns conducted by Black & White Gallery/Project Space at art fairs and its new location to be announced soon. It is NOT an investment fund. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | BLACK & WHITE ART FUND The Fund was established in the summer of 2013. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program. Acquisition funding will be achieved through grants, direct donations and Charitable Sales campaigns conducted by Black & White Gallery/Project Space at art fairs and its new location to be announced soon. It is NOT an investment fund. The purpose of the Fund is two-fold: to support living, practicing artists by acquiring their work through the Fund's Acquisition Program, and to encourage museums and other public collecting institutions across the globe to accept the acquired works as gifts through the Fund's Museum Gift Program. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule D, Part III, Line 1 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule D, Part III, Line 4 |
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| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | To support Beachsessions Dance Series in Rockaway Beach, Queens, NY August, 2021 program |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | Black and White Project Space Inc |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 261718104 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 967 Greene Ave |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | Brooklyn |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 11221 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | For Black & White Project Space fiscally sponsored entities, Black & White Project Space distributes the funds received itself. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule I, Part I, Line 2 |
Document Assets
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Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $29,865
- Expenses
- $38,329
- Net income
- -$8,464