Civic Intelligence

Finland Center Foundation

EIN 02-0581476 • 501(c)3 • New York, NY

Profile

To promote finnish culture and community center in new york city.

47 Fifth AvenueNew York, NY 10003

www.finlandcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A20 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A20 • <$500k nonprofits • Source year 2013

Net Margin

14th percentile

-28%

Higher net margin than 14% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2013

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE A20 • <$500k nonprofits • Source year 2013

Asset Growth

32nd percentile

-17%

Faster asset growth than 32% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

23rd percentile

-38%

Faster revenue growth than 23% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$33,444

Down $6,612 (-17%) from 2012

Liabilities

Flat

$0

Flat from 2012

Net Assets

$33,444

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue60th percentileNet Margin14th percentile

Revenue

Down

$34,506

Down $20,875 (-38%) from 2012

Expenses

Up

$44,004

Up $16,940 (+63%) from 2012

Net Income

Down

-$9,498

Down $37,815 (-134%) from 2012

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2011: $10,399Liabilities 2011: $02011Assets 2012: $40,056Liabilities 2012: $02012Assets 2013: $33,444Liabilities 2013: $0Net Assets 2013: $33,4442013

Highlighted filing

2013

Assets$33,444
Liabilities$0
Net Assets$33,444
Open 2013 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2011: $35,670Expenses 2011: $36,310Net Income 2011: -$6402011Revenue 2012: $55,381Expenses 2012: $27,064Net Income 2012: $28,3172012Revenue 2013: $34,506Expenses 2013: $44,004Net Income 2013: -$9,4982013

Highlighted filing

2013

Revenue$34,506
Expenses$44,004
Net Income-$9,498
Open 2013 Filing

Filings

Most recent year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,444
Liabilities
$0
Net assets
$33,444
Revenue
$34,506
Expenses
$44,004
Net income
-$9,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$33.4$0.00$33.4$34.5$44.0$9.50
2012Summary only. Only limited summary data is available for this year.$40.1$0.00$55.4$27.1$28.3
2011Summary only. Only limited summary data is available for this year.$10.4$0.00$35.7$36.3$0.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 8, 2014
Return Version
2013v3.0
Gross Receipts
$42,368
Mission and Program Overview

Mission

To promote finnish culture and community center in new york city.

Program Services

DescriptionGrantsExpenses
FINLAND CENTER FOUNDATION PRESENTED CULTURAL EVENTS ONCE A MONTH OR MORE OFTEN, WHICH WERE OPEN AND AVAILABLE TO THE GENERAL PUBLIC AND CONSISTED OF TWO CLASSICAL MUSIC CONCERTS, ONE CHOIR PERFORMANCE, TWO JAZZ CONCERTS, TWO FILM SCREENINGS FOR SCHOOL CHILDREN, A FASHION SHOW/STORE PROMOTION, A BOOK READING/AUTHOR INTERVIEW, A CHARITABLE FUNDRAISER AND ONE ATHLETIC EVENT: A 5K RUN ALSO FOR A CHARITABLE CAUSE; AS WELL AS FIVE NETWORKING EVENTS.APPROXIMATELY 20-100 PEOPLE ATTENDED EACH EVENT. WE ALSO INITIATED A PROJECT TO COLLABORATE WITH WOMEN'S EMPOWERMENT ORGANIZATIONS TO ESTABLISH A PERMANENT PHYSICAL SPACE IN NEW YORK CITY, PRODUCING A WEBSITE AND VIDEO. INTERESTED MEMBERS OF THE GENERAL PUBLIC CONTINUED TO RECEIVE INFORMATION ABOUT PROGRAMS OF THESE EVENTS AND THOSE OF OTHER FINNISH-AMERICAN ORGANIZATIONS IN THE AREA THROUGH MOSTLY ELECTRONIC NEWSLETTERS, WHICH REACHES APPROXIMATELY 2,000 ADDRESSES. SINCE THE MIDDLE OF 2010, WE HAVE ALSO RAN A PROGRAM TO HELP PLACE INTERNS FROM FINLAND WITH OUR HOST ORGANIZATION, THE SALMAGUNDI CENTER FOR AMERICAN ART, FOR AN EDUCATIONAL EXCHANGE BENEFITING BOTH ORGANIZATIONS AS WELL AS THE STUDENTS THEMSELVES.$0$21,669
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAANA REHNSTROMPresidentPT$0--
SUSKA KARJALAINENVice President-$0--
MELTON SPIVAKTreasurer-$0--
KATARIINA FORSBERGSecretary-$0--
CERIDWEN KOSKIBoard Member-$0--
JARNO VANTOBoard Member-$0--
LAURA PALOTIEBoard Member-$0--
Filing and Contact Details

Filer

EIN
02-0581476
Phone
6467048000

Signing Officer

Name
Jaana Rehnstrom
Title
President
Phone
6467048000
Signed
2014-05-08
Discuss with paid preparer
Yes

Preparer

Preparer
Masotti Masotti
Phone
2033231191
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest income. Amount: 9. Description: miscellaneous income. Amount: 500. Total to form 990-ez, line 8: 509.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: dues and subscriptions. Amount: 70. Description: office supplies. Amount: 1,318. Description: other expenses. Amount: 3,926. Description: advertising & marketing. Amount: 2,395. Description: artists & performers. Amount: 3,310. Description: cultural support. Amount: 14,000. Description: education. Amount: 3,646. Description: production & exhibition costs. Amount: 2,993. Description: contributions. Amount: 2,045. Total to form 990-ez, line 16: 33,703.”

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

“Description: unrealized gain on investments. Amount: 2,886.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: miscellaneous receivables. Beg. Of year amount: 0. End of year amount: 685.”

Raw XML Appendix192 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 9. DESCRIPTION: MISCELLANEOUS INCOME. AMOUNT: 500. TOTAL TO FORM 990-EZ, LINE 8: 509.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 70. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 1,318. DESCRIPTION: OTHER EXPENSES. AMOUNT: 3,926. DESCRIPTION: ADVERTISING & MARKETING. AMOUNT: 2,395. DESCRIPTION: ARTISTS & PERFORMERS. AMOUNT: 3,310. DESCRIPTION: CULTURAL SUPPORT. AMOUNT: 14,000. DESCRIPTION: EDUCATION. AMOUNT: 3,646. DESCRIPTION: PRODUCTION & EXHIBITION COSTS. AMOUNT: 2,993. DESCRIPTION: CONTRIBUTIONS. AMOUNT: 2,045. TOTAL TO FORM 990-EZ, LINE 16: 33,703.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: MISCELLANEOUS RECEIVABLES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 685.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02015-11-30 17:44:51Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JAANA REHNSTROM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06467048000
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine10FINLAND CENTER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FINL
ReturnHeader/Filer/EIN0020581476
ReturnHeader/Filer/PhoneNum06467048000
ReturnHeader/Filer/USAddress/AddressLine1047 FIFTH AVENUE
ReturnHeader/Filer/USAddress/City0NEW YORK
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060769038
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MASOTTI & MASOTTI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101100 SUMMER STREET SUITE 401
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0STAMFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode006905
ReturnHeader/PreparerPersonGrp/PhoneNum02033231191
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MASOTTI MASOTTI
ReturnHeader/ReturnTs02014-05-12T12:45:19-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. NTEE A20 • <$500k nonprofits