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CENTER FOR INITIATIVES IN ART & CULTURE INC

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Public IRS 990 nonprofit record

CENTER FOR INITIATIVES IN ART & CULTURE INC

EIN 20-5113687 · Visual Arts (A40)

What they do

CENTER for INITIATIVES IN ART & CULTURE, INC.(IAC) PROVIDES EDUCATIONAL SERVICES IN THE FINE, DECORATIVE, and VISUAL ARTS AS WELL AS ARCHITECTURE. IACS PRIMARY ACTIVITIES ARE EDUCATIONAL CONFERENCES and SYMPOSIA, PUBLICATIONS, and EXHIBITIONS. THE SERVICES PROVIDED BY IAC ARE INTENDED to ADVANCE and ENHANCE KNOWLEDGE WITHIN THE TARGETED AUDIENCES REGARDING THE ARTS & ARCHITECTURE, BY ADOPTING AN INTERDISCIPLINARY APPROACH THAT INVESTIGATES, AMONG OTHER ISSUES, SOCIAL HISTORY and MATERIAL CULTURE; THE LIFE and WORK of SPECIFIC ARTISTS, ARCHITECTS and CRAFTSPEOPLE WORKING IN A WIDE VARIETY of MEDIA; FABRICATION METHODS, CONSERVATION TECHNIQUES and THE EFFECT of TECHNOLOGY; and CONNOISSEURSHIP. THE LARGER OBJECTIVE is THE PRESERVATION and PROTECTION of CULTURAL RESOURCES & CULTURAL PATRIMONY.THE EDUCATIONAL SERVICES of IAC WILL BENEFIT THE COMMUNITY BY PROVIDING NEW and ENHANCED SKILLS and KNOWLEDGE to THE TARGET AUDIENCES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $77.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

65.36%of revenue went to mission work77.9% of expenses · Program services
$83.89spent for every $100 of revenueRevenue covered expenses this year.
18.54%of revenue went to management and office costs22.1% of expenses
$0.29in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$218,910
Mission workProgram services$143,07465.36% of revenue77.9% of expenses
ManagementOffice and general costs$40,57618.54% of revenue22.1% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$35,26016.11% of revenueShown in gray on the chart
Total expenses$183,65083.89% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 77.9% mission · 22.1% management · 0.0% fundraisingTotal expenses: 83.89% of revenue
2023Expense mix: 86.9% mission · 10.7% management · 2.4% fundraisingTotal expenses: 106.28% of revenue
2022Expense mix: 85.7% mission · 7.3% management · 7.0% fundraisingTotal expenses: 96.16% of revenue
2021Expense mix: 94.4% mission · 5.6% management · 0.0% fundraisingTotal expenses: 115.33% of revenue
2020Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 79.88% of revenue
2019Expense mix: 41.0% mission · 59.0% management · 0.0% fundraisingTotal expenses: 92.44% of revenue
2018Expense mix: 31.1% mission · 68.9% management · 0.0% fundraisingTotal expenses: 96.18% of revenue
2017Expense mix: 46.8% mission · 53.2% management · 0.0% fundraisingTotal expenses: 105.90% of revenue

Money in and money out

Revenue$218,910
Expenses$183,650
Annual surplus $35,260 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$143,074 · 77.9% of expenses
Management and office costs$40,576 · 22.1% of expenses
See all reported dollar amounts
Revenue$218,910
Expenses$183,650
Assets$53,982
Income$218,910
Contributions$218,908
Mission work (program services)$143,074
Management and general$40,576
Accounting fees$7,199
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

CAROL SPEROTREASURER

DAVID L BECKERSECRETARY

LISA KOENIGSBERGPRESIDENT

About this charity

Recognized since
January 2008
Location
333 E 57TH ST APT 13B, NEW YORK, NY 10022-2422
County
New York
In care of
% LISA KOENIGSBERG
Primary officer
LISA KOENIGSBERG, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
SHANDLING & LANDSMAN LLP
NTEE classification
Visual Arts (A40)
IRS tax category
Visual Arts

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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