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Filing year 2024

THE CHELSEA FACTORY INC

New York, New York·EIN 86-2026695·NTEE A20 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$1.6M
Total assets
$242k
Total expenses
$3.8M
Reported officers
6
Mission

TO PROVIDE STRONG SUPPORT, RESPONSIVE PARTNERSHIP, AND TRANSFORMATIVE EXPERIENCES FOR NEW YORK CITY ARTISTS, ORGANIZATIONS, AND AUDIENCES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in New York.

Executive Director/treasurer
Officer (Unspecified)
$357k
$386k
Base
$315k
Bonus
Other
Benefits
$42k
Managing Director
Key Employee
25th percentile to median
$194k
$210k
Base
$180k
Bonus
Other
Benefits
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE CHELSEA FACTORY INC equaled 9% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2024)
9%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held roughly steady
over 2 years

From $355k in 2022 to $357k in 2024.

$355k
2022
$356k
2023
$357k
2024
In today's dollarsEst.
Down 7% in real terms$414k to $386k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 1% from 2022 to 2024, while revenue fell 53%.

$193k in 2022 to $194k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE CHELSEA FACTORY INC

What does the Key Employee of THE CHELSEA FACTORY INC earn?

In 2024, the Key Employee of THE CHELSEA FACTORY INC received $194,188 in total compensation. This pay is below the median (the midpoint) for Key Employee roles among Arts, Culture & Humanities organizations in New York, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at THE CHELSEA FACTORY INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in New York, the 2024 pay of the Key Employee at THE CHELSEA FACTORY INC falls between the 25th percentile and the median. In 2024, the highest total compensation at THE CHELSEA FACTORY INC equaled 9% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are THE CHELSEA FACTORY INC's revenue and expenses?

In 2024, THE CHELSEA FACTORY INC reported $1.6M in total revenue and $3.8M in total expenses on its IRS Form 990.

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