Civic Intelligence

Queens Council on the Arts Inc

EIN 11-2219193 • 501(c)3 • Astoria, NY

Profile

Promotion of arts and arts

28-18 Steinway StreetAstoria, NY 11103

www.queenscouncilarts.org

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.48x

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.57x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

52nd percentile

5.4%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$84,319

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

40th percentile

0.1%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

25th percentile

-7.8%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,513,697

Up $1,728 (+0.1%) from 2021

Liabilities

Down

$727,080

Down $67,524 (-8.5%) from 2021

Net Assets

Up

$786,617

Up $69,252 (+9.7%) from 2021

Revenue

Down

$1,277,341

Down $108,318 (-7.8%) from 2021

Expenses

Down

$1,208,089

Down $80,518 (-6.2%) from 2021

Net Income

Down

$69,252

Down $27,800 (-29%) from 2021

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $617,303Liabilities 2011: $94,090Net Assets 2011: $523,2132011Assets 2012: $743,704Liabilities 2012: $168,361Net Assets 2012: $575,3432012Assets 2013: $696,555Liabilities 2013: $104,566Net Assets 2013: $591,9892013Assets 2014: $660,877Liabilities 2014: $67,191Net Assets 2014: $593,6862014Assets 2015: $614,038Liabilities 2015: $91,891Net Assets 2015: $522,1472015Assets 2016: $488,193Liabilities 2016: $28,944Net Assets 2016: $459,2492016Assets 2017: $477,458Liabilities 2017: $69,811Net Assets 2017: $407,6472017Assets 2018: $730,992Liabilities 2018: $263,755Net Assets 2018: $467,2372018Assets 2019: $980,799Liabilities 2019: $350,983Net Assets 2019: $629,8162019Assets 2020: $946,534Liabilities 2020: $326,221Net Assets 2020: $620,3132020Assets 2021: $1,511,969Liabilities 2021: $794,604Net Assets 2021: $717,3652021Assets 2022: $1,513,697Liabilities 2022: $727,080Net Assets 2022: $786,6172022

Highlighted filing

2022

Assets$1,513,697
Liabilities$727,080
Net Assets$786,617

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $926,607Expenses 2011: $946,440Net Income 2011: -$19,8332011Expenses 2012: $983,5662012Revenue 2013: $948,638Expenses 2013: $931,992Net Income 2013: $16,6462013Revenue 2014: $883,678Expenses 2014: $881,981Net Income 2014: $1,6972014Revenue 2015: $773,330Expenses 2015: $844,870Net Income 2015: -$71,5402015Revenue 2016: $942,439Expenses 2016: $1,005,336Net Income 2016: -$62,8972016Revenue 2017: $998,411Expenses 2017: $1,050,013Net Income 2017: -$51,6022017Revenue 2018: $1,460,992Expenses 2018: $1,400,961Net Income 2018: $60,0312018Revenue 2019: $2,197,923Expenses 2019: $2,034,504Net Income 2019: $163,4192019Revenue 2020: $1,804,463Expenses 2020: $1,814,805Net Income 2020: -$10,3422020Revenue 2021: $1,385,659Expenses 2021: $1,288,607Net Income 2021: $97,0522021Revenue 2022: $1,277,341Expenses 2022: $1,208,089Net Income 2022: $69,2522022

Highlighted filing

2022

Revenue$1,277,341
Expenses$1,208,089
Net Income$69,252

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.73$0.79$1.28$1.21$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.79$0.72$1.39$1.29$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.33$0.62$1.80$1.81$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.35$0.63$2.20$2.03$0.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.26$0.47$1.46$1.40$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.07$0.41$1.00$1.05$0.05
2016Summary only. Only limited summary data is available for this year.$0.49$0.03$0.46$0.94$1.01$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.09$0.52$0.77$0.84$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.07$0.59$0.88$0.88$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.10$0.59$0.95$0.93$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.17$0.58$0.98
2011Summary only. Only limited summary data is available for this year.$0.62$0.09$0.52$0.93$0.95$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$1,277,341
Mission and Program Overview

Mission

Promotion of arts and arts organizations in queens, ny.

Promotion of arts and arts organizations in queens, ny

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$677,083$663,291▼ $13,792
Land, Buildings, and Equipment, Net$546,615$523,585▼ $23,030
Pledges and Grants Receivable$282,910$319,869▲ $36,959
Prepaid Expenses and Deferred Charges$5,361$6,952▲ $1,591
Total Assets$1,511,969$1,513,697▲ $1,728
Liabilities
Accounts Payable and Accrued Expenses$734,258$668,331▼ $65,927
Unsecured Notes Loans Payable$60,346$58,749▼ $1,597
Total Liabilities$794,604$727,080▼ $67,524
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$502,365$606,617▲ $104,252
Net Assets With Donor Restrictions$215,000$180,000▼ $35,000
Total Net Assets Fund Balance$717,365$786,617▲ $69,252
Total Liabilities and Net Assets / Fund Balance$1,511,969$1,513,697▲ $1,728

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,108$64,015-
Leasehold Improvements$512,477$100,325-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hoong Yee KrakauerFormer DirectorFT$84,319$84,319

Board Members and Trustees

NameTitle
Frank RaffaelePresident
Aki TodicTrustee
Ed MartinTrustee
Joe LobelloTrustee
Kathy CostasTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,218,719
Program Service Revenue
$58,622
Investment Income
$0
Other Revenue
$0
All Other Contributions
$165,519
Change in Net Assets
$69,252

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,277,341
Total Revenue per Audited Statements
$1,277,341
Total Revenue per Form 990
$1,277,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$458,200
Salaries, Compensation, and Employee Benefits$430,537
Other Expenses$319,352
Total Fundraising Expense$14,256
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$458,200--$458,200
Other Salaries and Wages$251,081$9,277$2,349$262,707
Fees for Services Accounting-$92,537-$92,537
Current Officers, Directors, Trustees, and Key Employees$80,588$2,977$754$84,319
Fees for Services Other$73,905-$10,000$83,905
Other Employee Benefits$52,615$6,594$472$59,681
Depreciation Depletion-$45,056-$45,056
Occupancy$17,028$8,877$139$26,044
Payroll Taxes$22,724$896$210$23,830
Insurance$17,604$651$176$18,431
Information Technology$14,222$1,163$120$15,505
All Other Expenses$6,985$5,651-$12,636
Travel$8,045$313-$8,358
Office Expenses$6,837$36$3$6,876
Advertising$1,591$113$11$1,715
Other Expenses$30$210$22$240
Total Functional Expenses$1,015,585$178,248$14,256$1,208,089

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,208,089
Total Expenses per Audited Statements$1,208,089
Total Expenses per Form 990$1,208,089
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Form 990 governing body review Part VI line 11

Discussed before annual review

Conflict of interest policy compliance Part VI line 12C

Discussed before annual review

CEO executive director top management comp Part VI line 15A

Discussed before annual review

Other officer or key employee compensation Part VI line 15B

Discussed before annual review

Governing documents etc available to public Part VI line 19

Discussed before annual review

Filing and Contact Details

Filer

Filer Name
Queens Council on the Arts Inc
EIN
11-2219193
Address
28-18 STEINWAY STREET, Astoria, NY 11103

Signing Officer

Name
Frank Raffaele
Title
President
Phone
5162094001
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
Andrew Pieri CPA Pc
Address
86-119 MARENGO STREET, Hollis, NY 11423
Preparer
Andrew Pieri
Phone
5162094001
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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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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130000
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0272943
IRS990/ProgSrvcAccomActy3Grp/Desc0ARTISTS COMMISSIONING PROGRAM - JUDGES ARE SELECTED TO AWARD COMMISIONS TO CHOREOGRAPHERS, PLAYWRIGHT, AND COMPOSERS
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0127733
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ART SERVICESCAPITAL SU CASA
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01380022
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt064015
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0100325
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISCUSSED BEFORE ANNUAL REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSED BEFORE ANNUAL REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCUSSED BEFORE ANNUAL REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCUSSED BEFORE ANNUAL REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISCUSSED BEFORE ANNUAL REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01511969
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IRS990/UponRequestInd0X
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