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EIN 83-4240559

Worthless Studios

IRS 501(c) type
501(c)(3)
Num. employees
10
City
Brooklyn
State
New York
Year formed
2019
Most recent tax filings
2022-12-01
NTEE code, primary
A40: Visual Art Organizations, Services
Description
Worthless Studios promotes the arts and provides support to new, aspiring, or emerging artists. It encourages economic development in the sector of art and other creative endeavors, including sculpture, painting, photography, and performance. The studio supports artists of all backgrounds by providing space, materials, technical assistance, and resources for them to realize their creative visions.
Also known as...
Worthless Foundation
Total revenues
$662,563
2022
Total expenses
$1,741,558
2022
Total assets
$9,141,108
2022
Num. employees
10
2022

Program areas at Worthless Studios

Providing space, materials, technical assistance, and resources for aspiring artists of all backgrounds to realized their creative visions

Who funds Worthless Studios

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Rockefeller Brothers Fund (RBF)For Artist Residencies$100,000
National Philanthropic TrustCulture & Arts$15,000
Goldman Sachs GivesCommunity Outreach & Enrichment Programs$7,000
...and 5 more grants received

Personnel at Worthless Studios

NameTitleCompensation
Katherine CooperManaging Director$89,118
Neil HamamotoFounder , President and Creative Director$0
David HamamotoBoard Member$0

Financials for Worthless Studios

RevenuesFYE 12/2022
Total grants, contributions, etc.$541,123
Program services$52,309
Investment income and dividends$69,131
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$662,563

Form 990s for Worthless Studios

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-08990View PDF
2019-122021-03-31990View PDF

Organizations like Worthless Studios

OrganizationLocationRevenue
International Print Center New YorkNew York, NY$1,790,107
Los Angeles Center of PhotographyLos Angeles, CA$790,166
Northwind ArtsPort Townsend, WA$816,468
Kentler International Drawing SpaceBrooklyn, NY$172,825
Aka Artspace at UntitledOklahoma City, OK$249,824
Public Space OneIowa City, IA$168,007
ArtCentre of PlanoPlano, TX$426,575
InliquidcomPhiladelphia, PA$966,550
Bainbridge Artisan Resource NetworkBainbridge Island, WA$2,081,207
Grand Marais ArtsGrand Marais, MN$396,328
Data update history
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from Rockefeller Brothers Fund (RBF)
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $3,000 from Mary and Kathleen Harriman Foundation
July 26, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Received grants
Identified 3 new grant, including a grant for $5,000,000 from Dechomai Foundation
Nonprofit Types
Arts, culture, and humanities nonprofitsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donations
General information
Address
7 Knickerbocker Ave
Brooklyn, NY 11237
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Kings County, NY
Website URL
worthlessstudios.org/ 
Phone
(917) 576-3999
IRS details
EIN
83-4240559
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A40: Visual Art Organizations, Services
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Independent
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