Civic Intelligence

Red Hook Art Project Inc.

990 • Fiscal year 2021 • EIN 26-6658925

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

291 Van Brunt StreetBrooklyn, NY 11231

(347) 889-4098

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Net Margin

44th percentile

14%

Higher net margin than 44% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$61,050

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Asset Growth

78th percentile

48%

Faster asset growth than 78% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

15%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$188,417

Up $61,403 (+48%) from 2020

Net Assets

Up

$187,989

Up $91,551 (+95%) from 2020

Liabilities

Down

$428

Down $30,148 (-99%) from 2020

Revenue

Up

$672,920

Up $89,637 (+15%) from 2020

Expenses

Up

$581,369

Up $27,097 (+4.9%) from 2020

Net Income

Up

$91,551

Up $62,540 (+216%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $14,861Liabilities 2014: $0Net Assets 2014: $14,8612014Assets 2015: $7,590Liabilities 2015: $0Net Assets 2015: $7,5902015Assets 2016: $30,057Liabilities 2016: $4,254Net Assets 2016: $25,8032016Assets 2017: $15,745Liabilities 2017: $0Net Assets 2017: $15,7452017Assets 2018: $167,461Liabilities 2018: $5,500Net Assets 2018: $161,9612018Assets 2019: $67,427Liabilities 2019: $0Net Assets 2019: $67,4272019Assets 2020: $127,014Liabilities 2020: $30,576Net Assets 2020: $96,4382020Assets 2021: $188,417Liabilities 2021: $428Net Assets 2021: $187,9892021Assets 2022: $340,259Liabilities 2022: $3,000Net Assets 2022: $337,2592022Assets 2023: $236,200Liabilities 2023: $3,455Net Assets 2023: $232,7452023Assets 2024: $296,396Liabilities 2024: $0Net Assets 2024: $296,3962024

Highlighted filing

2021

Assets$188,417
Liabilities$428
Net Assets$187,989

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $78,881Expenses 2014: $65,026Net Income 2014: $13,8552014Revenue 2015: $84,377Expenses 2015: $91,648Net Income 2015: -$7,2712015Revenue 2016: $110,601Expenses 2016: $92,388Net Income 2016: $18,2132016Revenue 2017: $88,837Expenses 2017: $98,895Net Income 2017: -$10,0582017Revenue 2018: $316,790Expenses 2018: $170,574Net Income 2018: $146,2162018Revenue 2019: $148,656Expenses 2019: $243,190Net Income 2019: -$94,5342019Revenue 2020: $583,283Expenses 2020: $554,272Net Income 2020: $29,0112020Revenue 2021: $672,920Expenses 2021: $581,369Net Income 2021: $91,5512021Revenue 2022: $779,480Expenses 2022: $630,210Net Income 2022: $149,2702022Revenue 2023: $506,207Expenses 2023: $610,721Net Income 2023: -$104,5142023Revenue 2024: $819,125Expenses 2024: $755,474Net Income 2024: $63,6512024

Highlighted filing

2021

Revenue$672,920
Expenses$581,369
Net Income$91,551
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.1
Gross Receipts
$672,920
Mission and Program Overview

Mission

Red hook art project, inc. ("rhap") is a mentoring and tutoring project for high-risk children and youth in or near red hook, brooklyn.

Mentoring and tutoring for high-risk children and youth in or near red hook, brooklyn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,933$185,540▲ $62,607
Accounts Receivable$4,081$2,877▼ $1,204
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$127,014$188,417▲ $61,403
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$30,576$428▼ $30,148
Total Liabilities$30,576$428▼ $30,148
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$78,938$187,989▲ $109,051
Net Assets With Donor Restrictions$17,500--
Total Net Assets Fund Balance$96,438$187,989▲ $91,551
Total Liabilities and Net Assets / Fund Balance$127,014$188,417▲ $61,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tiffiney DavisExecutive DirectorFT$61,050$61,050

Board Members and Trustees

NameTitle
Dr Natasha CampbellChair & Presdnt
Heather CorbettCo-Chairperson
Carol BoveTrustee
Christina DanielsTrustee
Negin HajizadehTrustee
Robin ChamberlainTrustee
Rachel SchapiraSecretary
Crystal HarperTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$672,920
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$672,920
Change in Net Assets
$91,551

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$428,614
Salaries, Compensation, and Employee Benefits$152,755
Total Fundraising Expense$17,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$62,613$11,740$3,913$78,266
Current Officers, Directors, Trustees, and Key Employees$48,840$9,158$3,053$61,051
Fees for Services Other$26,296$3,757$7,513$37,566
Insurance$17,287$7,409-$24,696
Payroll Taxes$10,750$2,016$672$13,438
Occupancy-$5,507-$5,507
Office Expenses$1,158$1,303$434$2,895
Information Technology$592$254-$846
Travel$575$144-$719
Other Expenses$353,140$300$1,451$300
Total Functional Expenses$521,251$43,082$17,036$581,369
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Red Hook Art Project Inc
EIN
26-6658925
Phone
3478894098
Address
291 VAN BRUNT STREET, BROOKLYN, NY 11231

Signing Officer

Name
Dr Natasha Campbell
Title
President
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Natasha Campbell
Formed
2014
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
8
Employees
4
Volunteers
30

Preparer

Firm
Morse and Company Cpas
Address
88 MORGAN ST APT 5503, JERSEY CITY, NJ 07302
Preparer
Dexter A Morse CPA
Phone
2127652200
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dr Natasha Campbell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RED HOOK ART PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0REDH

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