Civic Intelligence

The Tank Ltd.

990 • Fiscal year 2021 • EIN 01-0798319

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 22, 2022

Organization ProfileWWW.THETANKNYC.ORG
312 West 36th St 1st FloorNew York, NY 10018

(212) 563-6269

Siviq Scores

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

Liabilities / Assets

91st percentile

0.54x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.35x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Net Margin

20th percentile

-8.8%

Higher net margin than 20% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Asset Growth

57th percentile

20%

Faster asset growth than 57% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-23%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$485,523

Up $79,922 (+20%) from 2020

Net Assets

Down

$221,524

Down $66,861 (-23%) from 2020

Liabilities

Up

$263,999

Up $146,783 (+125%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin20th percentile

Revenue

Down

$763,649

Down $228,723 (-23%) from 2020

Expenses

Up

$830,510

Up $15,291 (+1.9%) from 2020

Net Income

Down

-$66,861

Down $244,014 (-138%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2021

Assets$485,523
Liabilities$263,999
Net Assets$221,524
Open 2021 Filing

Operations Trend

Revenue Growth20th 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

2021

Revenue$763,649
Expenses$830,510
Net Income-$66,861
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 22, 2022
Return Version
2020v4.1
Gross Receipts
$763,649
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$176,713$320,594▲ $143,881
Pledges and Grants Receivable-$59,801-
Prepaid Expenses and Deferred Charges$13,289$16,375▲ $3,086
Accounts Receivable$134,660$10,055▼ $124,605
Land, Buildings, and Equipment, Net$1,561$5,336▲ $3,775
Total Assets$405,601$485,523▲ $79,922
Other Assets Total$79,378$73,362▼ $6,016
Liabilities
Other Liabilities$56,575$133,830▲ $77,255
Accounts Payable and Accrued Expenses$60,641$76,197▲ $15,556
Grants Payable-$53,972-
Total Liabilities$117,216$263,999▲ $146,783
Net Assets / Fund Balance
Net Assets With Donor Restrictions$163,328$168,862▲ $5,534
Net Assets Without Donor Restrictions$125,057$52,662▼ $72,395
Total Net Assets Fund Balance$288,385$221,524▼ $66,861
Total Liabilities and Net Assets / Fund Balance$405,601$485,523▲ $79,922

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,336$1,956-
Other Assets Org$23,862--
Compensation and Service Providers
Top Officer Pay48th percentile

Board Members and Trustees

NameTitle
Justin KrebsPresident
Eric KrebsTrustee
Jenn De La VegaTrustee
Jill RousseauTrustee
Jj LindTrustee
Josh LuxenbergTrustee
Rachel SchweitzerTrustee
Stephane SamuelTrustee
Tiffany Rea FisherTrustee
Mike RosenthalSecretary
Patrick RousseauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$625,997
Program Service Revenue
$136,630
Investment Income
$1,022
Other Revenue
$0
All Other Contributions
$103,173
Change in Net Assets
$-66,861

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$763,649
Total Revenue per Audited Statements
$763,649
Total Revenue per Form 990
$763,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$580,754
Salaries, Compensation, and Employee Benefits$249,756
Total Fundraising Expense$86,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$185,575$33,037$28,642$247,254
Other Salaries and Wages$156,079$27,979$24,256$208,314
Fees for Services Other$40,590$9,128-$49,718
Payroll Taxes$30,715$5,960$4,767$41,442
Other Expenses$6,362$520$27,504$27,504
Insurance$16,201--$16,201
Office Expenses$4,053$706$606$5,365
Advertising$5,299--$5,299
Travel$3,341$86$286$3,713
Interest$2,506$449$390$3,345
Information Technology$1,505$339-$1,844
Total Functional Expenses$662,965$81,094$86,451$830,510

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$830,510
Total Expenses per Audited Statements$830,510
Total Expenses per Form 990$830,510
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable$80,000
Note Payable$36,320
Bank Line of Credit$17,510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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. Additionally, two board members, jill rousseau and patrick rousseau, are married to each other.”

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

Filer Name
The Tank Ltd
EIN
01-0798319
Address
312 WEST 36TH ST 1ST FLOOR, NEW YORK, NY 10018

Signing Officer

Name
Justin Krebs
Title
President
Phone
2125636269
Signed
2022-02-22
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
7
Employees
7
Volunteers
100

Preparer

Firm
Egan Tax and Books Ltd
Address
505 8th Ave Ste 600, New York, NY 10018-6560
Preparer
Rebecca N Egan CPA
Phone
2122442720
Supplemental Narrative

Additional Explanations

General explanation attachment

“Part iii.1: the tank is a manhattan-based non-profit arts presenter. We serve emerging artists engaged in the pursuit of new ideas and forms of expression. Our goal is to foster an environment of inclusiveness and remove the economic barriers 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 our 2-theater home on 36th street in midtown manhattan, and we also offer a suite of other resources such as free rehearsal space, promotional support, and artist fees. Our programming is multi-disciplinary, representing disciplines including theater, music, dance, comedy, film, and storytelling. We keep ticket prices affordable and view our work as democratic, opening up both the creation and attendance of the arts to all and positioning the arts within civic and socio-political discourse.”

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1520
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016375
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0136630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0136630
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYProgramServiceRevenueAmt0369699
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IRS990/PYTotalRevenueAmt0992372
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IRS990/ReconcilationRevenueExpnssAmt0-66861
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0521682
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0622673
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0145121
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0378992
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0238941
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt096968
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0349399
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0179139
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01558092
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0992372
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0418080
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03465501
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05336
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01956
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07292
IRS990ScheduleD/ExpensesSubtotalAmt0830510
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt123862
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT TO USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt280000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BANK LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LOAN PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0763649
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05336
IRS990ScheduleD/TotalBookValueOtherAssetsAmt073362
IRS990ScheduleD/TotalExpensesPerForm990Amt0830510
IRS990ScheduleD/TotalLiabilityAmt0133830
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JUSTIN KREBS, BOARD MEMBER, IS THE SON OF ERIC KREBS, ALSO A BOARD MEMBER. ADDITIONALLY, TWO BOARD MEMBERS, JILL ROUSSEAU AND PATRICK ROUSSEAU, ARE MARRIED TO EACH OTHER.
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/ExplanationTxt6PART III.1: THE TANK IS A MANHATTAN-BASED NON-PROFIT ARTS PRESENTER. WE SERVE EMERGING ARTISTS ENGAGED IN THE PURSUIT OF NEW IDEAS AND FORMS OF EXPRESSION. OUR GOAL IS TO FOSTER AN ENVIRONMENT OF INCLUSIVENESS AND REMOVE THE ECONOMIC BARRIERS 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 OUR 2-THEATER HOME ON 36TH STREET IN MIDTOWN MANHATTAN, AND WE ALSO OFFER A SUITE OF OTHER RESOURCES SUCH AS FREE REHEARSAL SPACE, PROMOTIONAL SUPPORT, AND ARTIST FEES. OUR PROGRAMMING IS MULTI-DISCIPLINARY, REPRESENTING DISCIPLINES INCLUDING THEATER, MUSIC, DANCE, COMEDY, FILM, AND STORYTELLING. WE KEEP TICKET PRICES AFFORDABLE AND VIEW OUR WORK AS DEMOCRATIC, OPENING UP BOTH THE CREATION AND ATTENDANCE OF THE ARTS TO ALL AND POSITIONING THE ARTS WITHIN CIVIC AND SOCIO-POLITICAL DISCOURSE.
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/FormAndLineReferenceDesc6General explanation attachment
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalAssetsGrp/BOYAmt0405601
IRS990/TotalAssetsGrp/EOYAmt0485523
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0625997
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt086451

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$485,523
Liabilities
$263,999
Net assets
$221,524
Revenue
$763,649
Expenses
$830,510
Net income
-$66,861
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
Peer Organizations

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