Civic Intelligence

Inner Life Studies Inc

990EZ • Fiscal year 2019 • EIN 06-1613670

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 31, 2020

52 Weston RoadWestport, CT 06880

(203) 226-9462

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.07x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

7th percentile

-58%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

35th percentile

-5.3%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-90%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$425,100

Down $23,963 (-5.3%) from 2018

Net Assets

Down

$421,596

Down $27,467 (-6.1%) from 2018

Liabilities

Up

$3,504

Up $3,504 from 2018

Revenue

Down

$47,110

Down $436,127 (-90%) from 2018

Expenses

Up

$74,577

Up $22,620 (+44%) from 2018

Net Income

Down

-$27,467

Down $458,747 (-106%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $54,726Liabilities 2012: $1,6732012Assets 2013: $45,472Liabilities 2013: $1,722Net Assets 2013: $43,7502013Assets 2014: $21,476Liabilities 2014: $225Net Assets 2014: $21,2512014Assets 2015: $45,790Liabilities 2015: $1,500Net Assets 2015: $44,2902015Assets 2016: $40,316Liabilities 2016: $1,649Net Assets 2016: $38,6672016Assets 2017: $17,783Liabilities 2017: $0Net Assets 2017: $17,7832017Assets 2018: $449,063Liabilities 2018: $0Net Assets 2018: $449,0632018Assets 2019: $425,100Liabilities 2019: $3,504Net Assets 2019: $421,5962019Assets 2020: $425,847Liabilities 2020: $8,129Net Assets 2020: $417,7182020Assets 2021: $396,363Liabilities 2021: $8,749Net Assets 2021: $387,6142021Assets 2022: $210,382Liabilities 2022: $9,121Net Assets 2022: $201,2612022Assets 2023: $227,441Liabilities 2023: $912Net Assets 2023: $226,5292023Assets 2024: $238,063Liabilities 2024: $629Net Assets 2024: $237,4342024

Highlighted filing

2019

Assets$425,100
Liabilities$3,504
Net Assets$421,596

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $54,192Expenses 2012: $25,724Net Income 2012: $28,4682012Revenue 2013: $24,767Expenses 2013: $34,070Net Income 2013: -$9,3032013Revenue 2014: $10,393Expenses 2014: $32,892Net Income 2014: -$22,4992014Revenue 2015: $86,306Expenses 2015: $63,267Net Income 2015: $23,0392015Revenue 2016: $102,160Expenses 2016: $107,783Net Income 2016: -$5,6232016Revenue 2017: $65,568Expenses 2017: $86,452Net Income 2017: -$20,8842017Revenue 2018: $483,237Expenses 2018: $51,957Net Income 2018: $431,2802018Revenue 2019: $47,110Expenses 2019: $74,577Net Income 2019: -$27,4672019Revenue 2020: $73,475Expenses 2020: $99,790Net Income 2020: -$26,3152020Revenue 2021: $69,364Expenses 2021: $97,459Net Income 2021: -$28,0952021Revenue 2022: $92,945Expenses 2022: $242,819Net Income 2022: -$149,8742022Revenue 2023: $37,521Expenses 2023: $35,397Net Income 2023: $2,1242023Revenue 2024: $19,168Expenses 2024: $38,479Net Income 2024: -$19,3112024

Highlighted filing

2019

Revenue$47,110
Expenses$74,577
Net Income-$27,467
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 31, 2020
Return Version
2019v5.1
Gross Receipts
$47,110
Mission and Program Overview

Mission

To change the way the arts are created and experienced by fostering collaberative innovation accross artistic genres and generations, promoting immersive multi-genre arts events,and encouraging experimental methods and ideas that can expand the idea of what the arts can be.

Program Services

DescriptionGrantsExpenses
Arts Immersion Salons - Based on Salons of old with a contemporary edge, each salon is a mix of art, music, film, performance, food & wine and include collaberation between arts genres and between established and new artists.Summary of programs at Beechwood Arts & Innovation, FY19EventsEleven events included - 3 Arts Immersion Salons - "Journeys," "The Beechwood Open 2019," "Secrets"- 2 Art Open Houses- 3 BFD (Benjamin Franklin Dinner)- 2 workshops in Tecate, Mexico and Westport, CT# of unique audience members - 213# of total attendees - 299# of artists exhibiting - 74# of performing artists - 32Open HouseArt Open Houses following the Arts Immersion Salons brought in 110 people, to see the work of 34 artists ProjectsWestport Library Grand Re-opening: Presented "Make Connections" giving more than 300 people the opportunity to create necklaces and offer them to strangers as gifts. Presented the Resilience Project workshop at Rancho La Puerta in Tecate, Mexico, creating a semi-permanent Art Installation on the grounds with the contributions of workshop participants.Presented Suzanne Benton and commissioned a special Secrets of Beechwood sculpture, with a performance aspect to it to take place in 2021.$0$70,241
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frederic ChiuPresidentPT$0--
Jeanine EspositoVice PresidentPT$0--
Loretta Shih ChiuSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Beechwood Arts Inc
EIN
06-1613670
Phone
2032269462
Address
52 Weston Road, Westport, CT 06880

Signing Officer

Name
Frederic Chiu
Title
President
Phone
2032269462
Signed
2020-07-31
Discuss with paid preparer
Yes

Preparer

Firm
Capossela Cohen LLC
Address
368 Center Street, Southport, CT 06890
Preparer
Nathaniel S Yordon CPA
Phone
2032547000
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

Description: Interest income. Amount: 4,816.

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

Description: Rental income. Amount: 26,444. Description: Art and product sales. Amount: 349. Total to Form 990-EZ, line 8: 26,793.

Form 990-EZ, Part I, Line 14

Description: Depreciation. Amount: 321. Description: Other Expenses. Amount: 24,368. Total to Form 990-EZ, line 14: 24,689.

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

Description: Food and Drinks. Amount: 6,635. Description: Travel & Meetings. Amount: 264. Description: Development. Amount: 2,323. Description: Setup Expenses. Amount: 977. Description: Materials and Supplies. Amount: 5,446. Description: Bank Charges. Amount: 741. Description: Registration Fees & Dues & Taxes. Amount: 863. Description: Advertising. Amount: 123. Description: Computer. Amount: 230. Description: Art and product payout. Amount: 900. Total to Form 990-EZ, line 16: 18,502.

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

Description: Prepaid expenses. Beg. of Year Amount: 979. End of Year Amount: 0. Description: Deposits. Beg. of Year Amount: 975. End of Year Amount: 975. Description: Other Depreciable Assets. Beg. of Year Amount: 1,445. End of Year Amount: 1,124.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Credit card payable. Beg. of Year Amount: 0. End of Year Amount: 3,504.

Raw XML Appendix188 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum02032269462
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Westport
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006880
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0421596
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Frederic Chiu
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jeanine Esposito
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Loretta Shih Chiu
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt03399
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02099
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt018502
IRS990EZ/OtherRevenueTotalAmt026793
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To change the way the arts are created and experienced by fostering collaberative innovation accross artistic genres and generations, promoting immersive multi-genre arts events,and encouraging experimental methods and ideas that can expand the idea of what the arts can be.
IRS990EZ/PrintingPublicationsPostageAmt01725
IRS990EZ/ProgramServiceRevenueAmt013353
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Arts Immersion Salons - Based on Salons of old with a contemporary edge, each salon is a mix of art, music, film, performance, food & wine and include collaberation between arts genres and between established and new artists.Summary of programs at Beechwood Arts & Innovation, FY19EventsEleven events included - 3 Arts Immersion Salons - "Journeys," "The Beechwood Open 2019," "Secrets"- 2 Art Open Houses- 3 BFD (Benjamin Franklin Dinner)- 2 workshops in Tecate, Mexico and Westport, CT# of unique audience members - 213# of total attendees - 299# of artists exhibiting - 74# of performing artists - 32Open HouseArt Open Houses following the Arts Immersion Salons brought in 110 people, to see the work of 34 artists ProjectsWestport Library Grand Re-opening: Presented "Make Connections" giving more than 300 people the opportunity to create necklaces and offer them to strangers as gifts. Presented the Resilience Project workshop at Rancho La Puerta in Tecate, Mexico, creating a semi-permanent Art Installation on the grounds with the contributions of workshop participants.Presented Suzanne Benton and commissioned a special Secrets of Beechwood sculpture, with a performance aspect to it to take place in 2021.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt070241
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CT
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03504
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt074577
IRS990EZ/TotalProgramServiceExpensesAmt070241
IRS990EZ/TotalRevenueAmt047110
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0beechwoodarts.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt031000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt031000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02143
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0436331
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05473
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt056607
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt046038
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0546592
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04816
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02003
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06838
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt044613
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt044099
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt060088
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt041228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt025139
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0215167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04816
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02003
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06838
IRS990ScheduleA/InvestmentIncomeCYPct00.00890
IRS990ScheduleA/InvestmentIncomePYPct00.00280
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95080
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt031000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt046756
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0480430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt065561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt097835
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt071177
IRS990ScheduleA/Total509Grp/TotalAmt0761759
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt051572
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0482433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt065568
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt097844
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0768597
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest income. Amount: 4,816.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Rental income. Amount: 26,444. Description: Art and product sales. Amount: 349. Total to Form 990-EZ, line 8: 26,793.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Depreciation. Amount: 321. Description: Other Expenses. Amount: 24,368. Total to Form 990-EZ, line 14: 24,689.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: Food and Drinks. Amount: 6,635. Description: Travel & Meetings. Amount: 264. Description: Development. Amount: 2,323. Description: Setup Expenses. Amount: 977. Description: Materials and Supplies. Amount: 5,446. Description: Bank Charges. Amount: 741. Description: Registration Fees & Dues & Taxes. Amount: 863. Description: Advertising. Amount: 123. Description: Computer. Amount: 230. Description: Art and product payout. Amount: 900. Total to Form 990-EZ, line 16: 18,502.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: Prepaid expenses. Beg. of Year Amount: 979. End of Year Amount: 0. Description: Deposits. Beg. of Year Amount: 975. End of Year Amount: 975. Description: Other Depreciable Assets. Beg. of Year Amount: 1,445. End of Year Amount: 1,124.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description: Credit card payable. Beg. of Year Amount: 0. End of Year Amount: 3,504.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 8 - Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 26 - Other Liabilities
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/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Frederic Chiu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02032269462
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Beechwood Arts Inc
ReturnHeader/Filer/BusinessNameControlTxt0BEEC
ReturnHeader/Filer/EIN0061613670
ReturnHeader/Filer/PhoneNum02032269462
ReturnHeader/Filer/USAddress/AddressLine1Txt052 Weston Road
ReturnHeader/Filer/USAddress/CityNm0Westport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006880
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D8DDB8944FA0731FF5762AF612202D7DA3C8934C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D8DDB8944FA0731FF5762AF612202D7DA3C8934C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.89.170.50
ReturnHeader/FilingSecurityInformation/IPDt02020-07-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:41:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061415579
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Capossela Cohen LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0368 Center Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Southport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006890
ReturnHeader/PreparerPersonGrp/PhoneNum02032547000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nathaniel S Yordon CPA
ReturnHeader/ReturnTs02020-08-01T15:22:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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