Civic Intelligence

The Tank Ltd.

990 • Fiscal year 2014 • EIN 01-0798319

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 15, 2014

Organization ProfileWWW.THETANKNYC.ORG
151 W 46th StreetNew York, NY 10036

(212) 563-6269

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.50x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • NTEE A65 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

77th percentile

0.08x

Higher debt load relative to revenue than 77% of similar nonprofits.

2014 filings • NTEE A65 • <$500k nonprofits • Source year 2014

Net Margin

60th percentile

6.0%

Higher net margin than 60% of similar nonprofits.

2014 filings • NTEE A65 • <$500k nonprofits • Source year 2014

Top Officer Pay

60th percentile

$0

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE A65 • <$500k nonprofits • Source year 2014

Asset Growth

40th percentile

-2.4%

Faster asset growth than 40% of similar nonprofits.

2014 filings • NTEE A65 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

26th percentile

-15%

Faster revenue growth than 26% of similar nonprofits.

2014 filings • NTEE A65 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$35,538

Down $862 (-2.4%) from 2013

Net Assets

Up

$17,685

Up $16,532 (+1434%) from 2013

Liabilities

Down

$17,853

Down $17,394 (-49%) from 2013

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin60th percentile

Revenue

Down

$218,939

Down $38,282 (-15%) from 2013

Expenses

Down

$205,907

Down $54,609 (-21%) from 2013

Net Income

Up

$13,032

Up $16,327 (+496%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $36,400Liabilities 2013: $35,247Net Assets 2013: $1,1532013Assets 2014: $35,538Liabilities 2014: $17,853Net Assets 2014: $17,6852014Assets 2015: $43,851Liabilities 2015: $2,540Net Assets 2015: $41,3112015Assets 2016: $59,902Liabilities 2016: $9,906Net Assets 2016: $49,9962016Assets 2017: $63,165Liabilities 2017: $12,944Net Assets 2017: $50,2212017Assets 2018: $156,552Liabilities 2018: $46,689Net Assets 2018: $109,8632018Assets 2019: $160,844Liabilities 2019: $49,612Net Assets 2019: $111,2322019Assets 2020: $405,601Liabilities 2020: $117,216Net Assets 2020: $288,3852020Assets 2021: $485,523Liabilities 2021: $263,999Net Assets 2021: $221,5242021Assets 2022: $636,537Liabilities 2022: $298,025Net Assets 2022: $338,5122022Assets 2023: $2,273,753Liabilities 2023: $1,619,561Net Assets 2023: $654,1922023Assets 2024: $1,872,843Liabilities 2024: $1,454,611Net Assets 2024: $418,2322024

Highlighted filing

2014

Assets$35,538
Liabilities$17,853
Net Assets$17,685
Open 2014 Filing

Operations Trend

Revenue Growth26th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $257,221Expenses 2013: $260,516Net Income 2013: -$3,2952013Revenue 2014: $218,939Expenses 2014: $205,907Net Income 2014: $13,0322014Revenue 2015: $262,563Expenses 2015: $238,937Net Income 2015: $23,6262015Revenue 2016: $444,974Expenses 2016: $436,289Net Income 2016: $8,6852016Revenue 2017: $417,080Expenses 2017: $416,855Net Income 2017: $2252017Revenue 2018: $728,391Expenses 2018: $668,749Net Income 2018: $59,6422018Revenue 2019: $857,733Expenses 2019: $856,364Net Income 2019: $1,3692019Revenue 2020: $992,372Expenses 2020: $815,219Net Income 2020: $177,1532020Revenue 2021: $763,649Expenses 2021: $830,510Net Income 2021: -$66,8612021Revenue 2022: $1,186,485Expenses 2022: $1,069,498Net Income 2022: $116,9872022Revenue 2023: $1,683,961Expenses 2023: $1,368,281Net Income 2023: $315,6802023Revenue 2024: $1,425,868Expenses 2024: $1,661,828Net Income 2024: -$235,9602024

Highlighted filing

2014

Revenue$218,939
Expenses$205,907
Net Income$13,032
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 15, 2014
Return Version
2013v3.1
Gross Receipts
$218,939
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,037$24,023▲ $9,986
Accounts Receivable$22,363$11,515▼ $10,848
Total Assets$36,400$35,538▼ $862
Liabilities
Accounts Payable and Accrued Expenses$35,247$17,853▼ $17,394
Total Liabilities$35,247$17,853▼ $17,394
Net Assets / Fund Balance
Unrestricted Net Assets$1,153$14,185▲ $13,032
Temporarily Rstr Net Assets-$3,500-
Total Net Assets Fund Balance$1,153$17,685▲ $16,532
Total Liabilities and Net Assets / Fund Balance$36,400$35,538▼ $862
Compensation and Service Providers
Top Officer Pay60th percentile

Board Members and Trustees

NameTitle
Justin KrebsPresident
Claire SilbermanTrustee
Eric KrebsTrustee
Gloria PitagorskyTrustee
Greg RaeTrustee
Jillian Gordon HershckowitzTrustee
Stephane SamuelTrustee
Mike RosenthalSecretary
Wes ChowTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$143,610
Program Service Revenue
$75,329
Investment Income
$0
Other Revenue
$0
All Other Contributions
$79,095
Change in Net Assets
$13,032

Audited Revenue Reconciliation

Revenue per Audited Statements
$215,439
Revenue Not Reported on Form 990
$3,500
Total Revenue per Audited Statements
$218,939
Total Revenue per Form 990
$215,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,191
Salaries, Compensation, and Employee Benefits$69,735
Total Fundraising Expense$8,901
Grants and Similar Amounts Paid$4,981
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$65,294--$65,294
Other Salaries and Wages$61,053--$61,053
Fees for Services Other$23,971-$8,901$32,872
Other Expenses$12,441--$12,441
Payroll Taxes$7,668--$7,668
Insurance$7,191--$7,191
Office Expenses$6,107--$6,107
Grants to Domestic Orgs$4,981--$4,981
Fees for Services Accounting$1,805--$1,805
Advertising$1,446--$1,446
Other Employee Benefits$1,014--$1,014
Interest$655--$655
Travel$581--$581
Information Technology$300--$300
Fees for Services Management$200--$200
Total Functional Expenses$197,006$0$8,901$205,907

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$209,407
Total Expenses per Audited Statements$209,407
Total Expenses per Form 990$209,407
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Eric KrebsBoard MemberOrg Paid Rent to Theater Ek OwnsNo$65,294
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Justin krebs, board member, is the son of eric krebs, also a board member.”

Form 990 governing body review Part VI line 11

“Board reviews 990 and financials before submitting.”

Conflict of interest policy compliance Part VI line 12C

“Board rewiews conflict of interest policy regularly.”

CEO executive director top management comp Part VI line 15A

“Compensation is set by board.”

Other officer or key employee compensation Part VI line 15B

“Compensation is set by board.”

Governing documents etc available to public Part VI line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

EIN
01-0798319

Signing Officer

Name
Justin Krebs
Title
President
Phone
2125636269
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
5
Employees
5
Volunteers
4

Preparer

Preparer
Rebecca N Egan CPA
Phone
2122442720
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“$3500 was released from restrictions”

List of other fees for services expenses Part IX line 11G

“Form 990, part ix, line 11g - fees for services = $23,971 - this is for revenue share with the artists that put on shows”

General explanation attachment

“Part iii.1: the tank is a manhattan-based non-profit arts presenter. We serve emerging and established artists engaged in the pursuit of new ideas and forms of expression. Our goal is to foster an environment of inclusiveness and remove the burden of cost from the creation of new work for artists launching their careers and experimenting within their art form. The heart of our services is providing free performance space in the 62-seat blackbox that we operate in manhattan, and we also offer a suite of other resources such as free rehearsal space and promotional support. We present performances across a range of disciplines: theater, music, dance, comedy, film, and storytelling.”

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

“$3500 of net assets were released from restrictions”

Raw XML Appendix385 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0310877
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0547174
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0209407
IRS990ScheduleD/OtherRevenueAmt03500
IRS990ScheduleD/RevenueNotReportedAmt03500
IRS990ScheduleD/RevenueSubtotalAmt0215439
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0$3500 OF NET ASSETS WERE RELEASED FROM RESTRICTIONS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/TotalExpensesPerForm990Amt0209407
IRS990ScheduleD/TotalRevenuePerForm990Amt0215439
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0218939
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0209407
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ERIC KREBS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt065294
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ORG PAID RENT TO THEATER EK OWNS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JUSTIN KREBS, BOARD MEMBER, IS THE SON OF ERIC KREBS, ALSO A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS 990 AND FINANCIALS BEFORE SUBMITTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REWIEWS CONFLICT OF INTEREST POLICY REGULARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS SET BY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS SET BY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6$3500 WAS RELEASED FROM RESTRICTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PART IX, LINE 11G - FEES FOR SERVICES = $23,971 - THIS IS FOR REVENUE SHARE WITH THE ARTISTS THAT PUT ON SHOWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PART III.1: THE TANK IS A MANHATTAN-BASED NON-PROFIT ARTS PRESENTER. WE SERVE EMERGING AND ESTABLISHED ARTISTS ENGAGED IN THE PURSUIT OF NEW IDEAS AND FORMS OF EXPRESSION. OUR GOAL IS TO FOSTER AN ENVIRONMENT OF INCLUSIVENESS AND REMOVE THE BURDEN OF COST FROM THE CREATION OF NEW WORK FOR ARTISTS LAUNCHING THEIR CAREERS AND EXPERIMENTING WITHIN THEIR ART FORM. THE HEART OF OUR SERVICES IS PROVIDING FREE PERFORMANCE SPACE IN THE 62-SEAT BLACKBOX THAT WE OPERATE IN MANHATTAN, AND WE ALSO OFFER A SUITE OF OTHER RESOURCES SUCH AS FREE REHEARSAL SPACE AND PROMOTIONAL SUPPORT. WE PRESENT PERFORMANCES ACROSS A RANGE OF DISCIPLINES: THEATER, MUSIC, DANCE, COMEDY, FILM, AND STORYTELLING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8General explanation attachment
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03500
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt036400
IRS990/TotalAssetsEOYAmt035538
IRS990/TotalAssetsGrp/BOYAmt036400
IRS990/TotalAssetsGrp/EOYAmt035538
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0143610
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08901
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0197006
IRS990/TotalFunctionalExpensesGrp/TotalAmt0205907
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035247
IRS990/TotalLiabilitiesEOYAmt017853
IRS990/TotalLiabilitiesGrp/BOYAmt035247
IRS990/TotalLiabilitiesGrp/EOYAmt017853
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01153
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017685
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0197006
IRS990/TotalProgramServiceRevenueAmt075329
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075329
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0218939
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036400
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt035538
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0581
IRS990/TravelGrp/TotalAmt0581
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01153
IRS990/UnrestrictedNetAssetsGrp/EOYAmt014185
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THETANKNYC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN KREBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125636269
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE TANK LTD
ReturnHeader/Filer/BusinessNameControlTxt0TANK
ReturnHeader/Filer/EIN0010798319
ReturnHeader/Filer/USAddress/AddressLine10151 W 46TH STREET
ReturnHeader/Filer/USAddress/City0NEW YORK
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010036
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262858646
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Egan Tax and Books Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10505 8th Ave Ste 1201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0100184660
ReturnHeader/PreparerPersonGrp/PhoneNum02122442720
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebecca N Egan CPA
ReturnHeader/ReturnTs02014-11-17T09:49:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,538
Liabilities
$17,853
Net assets
$17,685
Revenue
$218,939
Expenses
$205,907
Net income
$13,032
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$1.45$0.42$1.43$1.66$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.27$1.62$0.65$1.68$1.37$0.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.30$0.34$1.19$1.07$0.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.26$0.22$0.76$0.83$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.12$0.29$0.99$0.82$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.05$0.11$0.86$0.86$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.05$0.11$0.73$0.67$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.05$0.42$0.42$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.01$0.05$0.44$0.44$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.00$0.04$0.26$0.24$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.02$0.02$0.22$0.21$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.04$0.00$0.26$0.26$0.00