Civic Intelligence

Solo Foundation

990 • Fiscal year 2013 • EIN 11-2547289

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

230 West 38th StreetNew York, NY 10018

(212) 643-2036

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

56th percentile

0.00x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

25th percentile

-8.9%

Higher net margin than 25% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

23rd percentile

-16%

Faster asset growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

79th percentile

33%

Faster revenue growth than 79% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2013

Assets

Down

$144,618

Down $27,000 (-16%) from 2012

Net Assets

Down

$144,618

Down $27,000 (-16%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$303,495

No earlier filing loaded for comparison.

Expenses

Up

$330,495

Up $65,808 (+25%) from 2012

Net Income

-$27,000

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $244,140Liabilities 2010: $30,000Net Assets 2010: $214,1402010Assets 2011: $261,570Liabilities 2011: $45,000Net Assets 2011: $216,5702011Assets 2012: $171,618Liabilities 2012: $0Net Assets 2012: $171,6182012Assets 2013: $144,618Liabilities 2013: $0Net Assets 2013: $144,6182013Assets 2014: $156,454Liabilities 2014: $0Net Assets 2014: $156,4542014Assets 2015: $167,513Liabilities 2015: $30,000Net Assets 2015: $137,5132015Assets 2018: $93,585Liabilities 2018: $21,000Net Assets 2018: $72,5852018Assets 2019: $126,507Liabilities 2019: $21,000Net Assets 2019: $105,5072019Assets 2020: $151,846Liabilities 2020: $31,000Net Assets 2020: $120,8462020Assets 2021: $117,786Liabilities 2021: $15,000Net Assets 2021: $102,7862021Assets 2022: $269,333Liabilities 2022: $117,500Net Assets 2022: $151,8332022Assets 2023: $153,913Liabilities 2023: $6,700Net Assets 2023: $147,2132023

Highlighted filing

2013

Assets$144,618
Liabilities$0
Net Assets$144,618

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $158,379Expenses 2010: $92,643Net Income 2010: $65,7362010Revenue 2011: $172,377Expenses 2011: $169,947Net Income 2011: $2,4302011Expenses 2012: $264,6872012Revenue 2013: $303,495Expenses 2013: $330,495Net Income 2013: -$27,0002013Revenue 2014: $161,925Expenses 2014: $150,089Net Income 2014: $11,8362014Revenue 2015: $66,757Expenses 2015: $55,698Net Income 2015: $11,0592015Revenue 2018: $131,352Expenses 2018: $139,222Net Income 2018: -$7,8702018Revenue 2019: $124,599Expenses 2019: $91,677Net Income 2019: $32,9222019Revenue 2020: $244,635Expenses 2020: $229,296Net Income 2020: $15,3392020Revenue 2021: $84,021Expenses 2021: $102,081Net Income 2021: -$18,0602021Revenue 2022: $125,433Expenses 2022: $76,386Net Income 2022: $49,0472022Revenue 2023: $155,400Expenses 2023: $160,020Net Income 2023: -$4,6202023

Highlighted filing

2013

Revenue$303,495
Expenses$330,495
Net Income-$27,000
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$303,495
Mission and Program Overview

Mission

To encourage and promote public interest in the visual and performing arts

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$131,695$134,645▲ $2,950
Cash and Non-Interest-Bearing Accounts$39,923$9,973▼ $29,950
Total Assets$171,618$144,618▼ $27,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$171,618$144,618▼ $27,000
Total Net Assets Fund Balance$171,618$144,618▼ $27,000
Total Liabilities and Net Assets / Fund Balance$171,618$144,618▼ $27,000

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$4,800--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Howard F SeligmanPresident
Joseph H Lilly EsqSecretary
Dmitriy GoykhmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$278,495
Program Service Revenue
$25,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$278,495
Change in Net Assets
$-27,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$263,900
Other Expenses$66,595
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$263,900--$263,900
Fees for Services Legal$0$4,236$0$4,236
Conferences and Meetings$3,000$0$0$3,000
Occupancy$2,840$0$0$2,840
Insurance$0$1,354$0$1,354
Other Expenses$0$285$0$285
Total Functional Expenses$324,620$5,875$0$330,495
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
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
11-2547289
Phone
2126432036

Signing Officer

Name
Howard Seligman
Title
President
Phone
2126432036
Signed
2014-05-13

Organization Details

Principal Officer
Howard Seligman
Formed
1980
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
30

Preparer

Preparer
Howard Seligman
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy has been sent to all of the Officers

Form 990EZ, Part I, Line 16

Office assistance insurance state fee

Form 990EZ, Part II, Line 24

Artworks purchased (foundation collection) loans to artists (art battles program) 30000. Loans to artists (various individuals) 3000. Loans (advances) to daylight magazine 9000. Loans to market hotel projects (related nonprofit) 28200. Investment in camayak (related for profit) 20000.

Form 990EZ, Part II, Line 26

Loans from officer (howard f. Seligman) 0.

Raw XML Appendix339 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/GamingActivitiesInd0false
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IRS990/GrantsToIndividualsInd0true
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IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/NondeductibleContributionsInd0false
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc2Motion Pictures
IRS990/OtherExpensesGrp/Desc3Bank Service Charges
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IRS990/ProgSrvcAccomActy2Grp/Desc0OUR PERFORMING ARTS EVENTS ARE THE LARGEST SOURCE OF EARNED REVENUE. THESE PROGRAMS TIE INTO OUR VISUAL ARTS PROGRAM AND RELATED ACTIVITIES.
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt49000
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Collection of Artworks (at cost)
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Investment in Market Hotel Projects
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Investment in Camayak (Related)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4Loans to Daylight Magazine Program
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5Loans to Individual Artists (various)
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy has been sent to all of the Officers
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICE ASSISTANCE INSURANCE STATE FEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ARTWORKS PURCHASED (FOUNDATION COLLECTION) LOANS TO ARTISTS (ART BATTLES PROGRAM) 30000. LOANS TO ARTISTS (VARIOUS INDIVIDUALS) 3000. LOANS (ADVANCES) TO DAYLIGHT MAGAZINE 9000. LOANS TO MARKET HOTEL PROJECTS (RELATED NONPROFIT) 28200. INVESTMENT IN CAMAYAK (RELATED FOR PROFIT) 20000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOANS FROM OFFICER (HOWARD F. SELIGMAN) 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
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IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0171618
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0144618
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0171618
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0144618
IRS990/USAddress/AddressLine10230 West 38th Street 9th Fl
IRS990/USAddress/City0New York
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010018
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD SELIGMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02126432036
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10The Solo Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0SOLO
ReturnHeader/Filer/EIN0112547289
ReturnHeader/Filer/PhoneNum02126432036
ReturnHeader/Filer/USAddress/AddressLine10230 West 38th Street
ReturnHeader/Filer/USAddress/City0New York
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010018
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HOWARD SELIGMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10230 West 38th Street 9th Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode010018
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD SELIGMAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-11-10T08:59:07-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.54$0.07$1.47$1.55$1.60$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.69$1.18$1.52$1.25$0.76$0.49
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.15$1.03$0.84$1.02$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.31$1.21$2.45$2.29$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.21$1.06$1.25$0.92$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.21$0.73$1.31$1.39$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.30$1.38$0.67$0.56$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$1.62$1.50$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$3.03$3.30$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.00$1.72$2.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.45$2.17$1.72$1.70$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.30$2.14$1.58$0.93$0.66