Performart Inc
Nonprofit profile at a glance
- EIN
- 830745196
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Brooklyn, NY, USA
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $94,641
- Expenses
- $47,996
- Assets
- $123,331
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Sofya Velyaminova (President)
- Vladimir Palma (Vice President)
People named in this filing
- Sofya Velyaminova (President)
- Vladimir Palma (Vice President)
- Olga Tsitron (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Performart Inc. was formed to make the arts accessible to children and families through educational and cultural programs focused on music theater literature and creative expression. The organization exists to provide young people with opportunities to participate in meaningful artistic experiences that build confidence creativity collaboration communication skills and cultural awareness. The organization develops and produces original youth musical theater productions educational literary projects and arts-based community programming that encourage imagination empathy and personal growth. Its activities include theater rehearsals and performances music and vocal instruction creative storytelling projects and the development of educational arts materials for children and families. Performart Inc. especially focuses on serving youth and families in the local community by creating affordable arts opportunities that may otherwise be inaccessible due to financial barriers.
What it reported doing in 2025
Performart Inc. provided educational and cultural programming for children and families through youth musical theater productions music and vocal instruction literary arts development language enrichment and community cultural activities. The organization served local children youth and families by creating accessible opportunities for participation in performing arts and educational cultural programming. During the year the organization conducted regular rehearsals theater instruction music and vocal training and performance preparation for original youth musical theater productions involving approximately 35 children ages 713. Participants engaged in activities including acting singing movement teamwork and stage performance while developing creativity confidence communication skills collaboration and artistic expression. The organization also continued the development of educational literary and arts-based projects designed to introduce children to art music storytelling and cultural history through engaging creative content. Additional programming included Hebrew language instruction serving approximately 40 participants as well as participation in community cultural events and educational fairs intended to promote cultural awareness learning and community engagement among children and families. Program accomplishments included active participation of local youth and families in arts and educational activities the development and presentation of original theatrical programming increased student engagement in collaborative creative work and expanded access to affordable cultural and educational opportunities within the community.
Operating model
- Revenue model
- Donor-supported. 60% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 100
- Sustainability: 64
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50%; rating input score 50
- Program expense ratio: 98.6%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 49.3%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 2.57; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 12.5%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 50% of revenue deployed · 98.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $47K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- High — Sustainability: Officer compensation ratio scored 10/100.