Tsetse Gallery Inc

990EZ • Fiscal year 2011 • EIN 05-0501547

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 12, 2012

Organization Profile WWW.TSETSEINITIATIVE.ORG

51 Empire Street02903

Siviq Scores

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

10.81x

Higher debt load relative to assets than 99% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

0.23x

Higher debt load relative to revenue than 87% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

6.4%

Higher net margin than 59% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

No value available

This filing does not contain officer compensation rows.

Source year 2011

454%

Faster asset growth than 98% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

26%

Faster revenue growth than 76% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Balance Sheet

Liabilities / Assets99th percentile

Assets

$1,706

Up $1,398 (+454%) from 2010

Net Assets

-$16,744

No earlier filing loaded for comparison.

Liabilities

Down

$18,450

Down $3,688 (-17%) from 2010

Revenue And Expenses

Liabilities / Revenue87th percentile Net Margin59th percentile

Revenue

$79,182

Up $16,397 (+26%) from 2010

Expenses

Down

$74,096

Down $2,249 (-2.9%) from 2010

Net Income

$5,086

Up $18,646 (+138%) from 2010

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

Highlighted filing

2011

Assets$1,706

Liabilities$18,450

Net Assets-$16,744

Open 2011 Filing

Operations Trend

Revenue Growth76th percentile

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

Highlighted filing

2011

Revenue$79,182

Expenses$74,096

Net Income$5,086

Open 2011 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2011 to Dec 31, 2011
Signed: Nov 12, 2012
Return Version: 2011v1.2

Filing and Contact Details

Filer

EIN: 05-0501547

Raw XML Appendix141 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRpt	0	false
IRS990EZ/CashSavingsAndInvestments/BOY	0	308
IRS990EZ/CashSavingsAndInvestments/EOY	0	1706
IRS990EZ/ContributionsGiftsGrantsEtc	0	246
IRS990EZ/CostOfGoodsSold	0	0
IRS990EZ/CostOtherBasisAndSalesExpenses	0	0
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagedInExcessBenefitTrans	0	false
IRS990EZ/EngageInLobbyingActivities	0	false
IRS990EZ/EngagePoliticalCmpgnActivities	0	false
IRS990EZ/ExcessOrDeficitForYear	0	5086
IRS990EZ/FeesAndOthPymtToIndContractors	0	12590
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/FundraisingGrossIncome	0	0
IRS990EZ/GainOrLossFromSaleOfAssets	0	0
IRS990EZ/GamingGrossIncome	0	0
IRS990EZ/GroProfitLossSalesOfInventory	0	0
IRS990EZ/GrossReceipts	0	79182
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InvestmentIncome	0	0
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	false
IRS990EZ/MadeLoansToFromOfficers	0	false
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	false
IRS990EZ/MembershipDues	0	0
IRS990EZ/MethodOfAccountingCash	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	-21830
IRS990EZ/NetAssetsOrFundBalancesBOY	0	-21830
IRS990EZ/NetAssetsOrFundBalances/EOY	0	-16744
IRS990EZ/NetAssetsOrFundBalancesEOY	0	-16744
IRS990EZ/OccupancyRentUtilitiesAndMaint	0	32304
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	0	51 EMPIRE ST
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	0	PROVIDENCE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	0	RI
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	0	02903
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	20.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	THERESE M LAVALLEE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	Executive
IRS990EZ/OperatingSchool	0	false
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherExpensesTotal	0	27048
IRS990EZ/OtherRevenueTotal	0	8899
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	Art instruction & space to exhibit art
IRS990EZ/PrintingPublicationsPostage	0	2154
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	Provided art instruction through educational programs for the underprivileged children of Rhode Island & provided space to emerging artists
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	74096
IRS990EZ/ProgramServiceRevenue	0	70037
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SpecialEventsDirectExpenses	0	0
IRS990EZ/SpecialEventsNetIncomeLoss	0	0
IRS990EZ/SubjectToProxyTax	0	false
IRS990EZ/SumOfTotalLiabilities/BOY	0	22138
IRS990EZ/SumOfTotalLiabilities/EOY	0	18450
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	51 EMPIRE ST
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	PROVIDENCE
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	RI
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	02903
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	THERESE M LAVALLEE
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	4014533337
IRS990EZ/TotalAssets/BOY	0	308
IRS990EZ/TotalAssets/EOY	0	1706
IRS990EZ/TotalExpenses	0	74096
IRS990EZ/TotalProgramServiceExpenses	0	74096
IRS990EZ/TotalRevenue	0	79182
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	false
IRS990EZ/WebSite	0	www.tsetsegallery.org
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear	0	246
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus1Year	0	852
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus2Years	0	6873
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years	0	153512
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus4Years	0	76760
IRS990ScheduleA/GiftsGrantsContribReceived509/Total	0	238243
IRS990ScheduleA/GrossInvestmentIncome170/Total	0	0
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear	0	70037
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus1Year	0	57492
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus2Years	0	63816
IRS990ScheduleA/GrossReceiptsFromAdmissions/Total	0	191345
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYear	0	8899
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus1Year	0	4441
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus2Years	0	1362
IRS990ScheduleA/GrossReceiptsFromNonUBI/Total	0	14702
IRS990ScheduleA/InvestmentIncomePercentage	0	0
IRS990ScheduleA/PriorYearSupportPercentage	0	1.00000
IRS990ScheduleA/PriorYrInvestIncomePercentage	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2	0	X
IRS990ScheduleA/PublicSupportPercentage509	0	1.00000
IRS990ScheduleA/PublicSupportPertcentage170	0	0
IRS990ScheduleA/PublicSupportTotal170	0	0
IRS990ScheduleA/PublicSupportTotal509	0	444290
IRS990ScheduleA/ThirtyThreePercntTestsCY509	0	X
IRS990ScheduleA/Total509/CurrentTaxYear	0	79182
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year	0	62785
IRS990ScheduleA/Total509/CurrentTaxYearMinus2Years	0	72051
IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years	0	153512
IRS990ScheduleA/Total509/CurrentTaxYearMinus4Years	0	76760
IRS990ScheduleA/Total509/Total	0	444290
IRS990ScheduleA/TotalSupportTotal/Total	0	444290
IRS990ScheduleO/GeneralExplanation/Explanation	0	GALLERY RENTAL 342. MISC. PROGRAMMING 8557.
IRS990ScheduleO/GeneralExplanation/Explanation	1	ADVERTISING 225. ART SUPPLIES 3990. AUTOMOBILE EXPENSE 1700. BANK SERVICE CHARGES 916. BUSINESS REGISTRATION FEE 142. GALLERY RENTAL EXPENSE 1274. INSURANCE 968. MISCELLANEOUS 2847. OFFICE SUPPLIES 1577. PROGRAM EXPENSE 9099. TELEPHONE 3403. TRAVEL & ENTERTAINMENT 907.
IRS990ScheduleO/GeneralExplanation/Explanation	2	ACCRUED SALES TAXES 902. 952. BANK LINE OF CREDIT 857. 0. LOANS PAYABLE 20379. 17498.
IRS990ScheduleO/GeneralExplanation/Identifier	0	Form 990EZ, Part I, Line 8
IRS990ScheduleO/GeneralExplanation/Identifier	1	Form 990EZ, Part I, Line 16
IRS990ScheduleO/GeneralExplanation/Identifier	2	Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS	0	2016-02-24 21:20:13Z
ReturnHeader/Filer/EIN	0	050501547
ReturnHeader/Filer/Name/BusinessNameLine1	0	TSETSE GALLERY INC
ReturnHeader/Filer/NameControl	0	TSET
ReturnHeader/Filer/Phone	0	4014533337
ReturnHeader/Filer/USAddress/AddressLine1	0	51 EMPIRE STREET
ReturnHeader/Filer/USAddress/City	0	PROVIDENCE
ReturnHeader/Filer/USAddress/State	0	RI
ReturnHeader/Filer/USAddress/ZIPCode	0	02903
ReturnHeader/Officer/AuthorizeThirdParty	0	true
ReturnHeader/Officer/DateSigned	0	2012-11-12
ReturnHeader/Officer/Name	0	THERESE M LAVALLEE
ReturnHeader/Officer/Phone	0	4014533337
ReturnHeader/Officer/Title	0	EXCUTIVE DIRECTOR
ReturnHeader/Preparer/DatePrepared	0	2012-11-13
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	CARLUCCI AND DUGAN CPAS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	1525 OLD LOUISQUISSET PIKE STE B201
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	LINCOLN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	RI
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	02865
ReturnHeader/Preparer/Name	0	MARIO P CARLUCCI CPA
ReturnHeader/Preparer/Phone	0	4017263355
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2011-01-01
ReturnHeader/TaxPeriodEndDate	0	2011-12-31
ReturnHeader/TaxYear	0	2011
ReturnHeader/Timestamp	0	2012-11-13T06:38:42-08:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $1,706
Liabilities: $18,450
Net assets: -$16,744
Revenue: $79,182
Expenses: $74,096
Net income: $5,086

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2016Summary only. Only limited summary data is available for this year.	$1.56	$3.60		$20.9	$21.4	$0.48
2015Summary only. Only limited summary data is available for this year.	$2.04	$0.00		$22.6	$25.9	$3.22
2014Summary only. Only limited summary data is available for this year.	$5.62	$3.60		$22.3	$17.4	$4.88
2013Summary only. Only limited summary data is available for this year.	$0.28	$4.56		$55.3	$36.7	$18.6
2012Summary only. Only limited summary data is available for this year.	$0.10	$7.68		$66.7	$57.5	$9.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.71	$18.5	$16.7	$79.2	$74.1	$5.09
2010Summary only. Only limited summary data is available for this year.	$0.31	$22.1		$62.8	$76.3	$13.6