Civic Intelligence

Shostakovich Music Art & Sport School

EIN 11-2857556 • 501(c)3 • Brooklyn, NY

Profile

A school to provide students

297 Avenue XBrooklyn, NY 11223
Siviq Scores

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

Liabilities / Assets

54th percentile

0.03x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

48th percentile

3.6%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$170,772

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 34.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

6th percentile

-54%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

74th percentile

31%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$138,760

Down $160,940 (-54%) from 2015

Liabilities

Down

$3,477

Down $34,701 (-91%) from 2015

Net Assets

Down

$135,283

Down $126,239 (-48%) from 2015

Revenue

Up

$501,718

Up $117,573 (+31%) from 2015

Expenses

Up

$483,888

Up $35,107 (+7.8%) from 2015

Net Income

Up

$17,830

Up $82,466 (+128%) from 2015

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2009: $287,269Liabilities 2009: $7,0372009Assets 2010: $352,550Liabilities 2010: $3,0982010Assets 2011: $453,724Liabilities 2011: $5,292Net Assets 2011: $448,4322011Assets 2012: $413,037Liabilities 2012: $9,513Net Assets 2012: $403,5242012Assets 2013: $396,340Liabilities 2013: $500Net Assets 2013: $395,8402013Assets 2014: $359,272Liabilities 2014: $36,111Net Assets 2014: $323,1612014Assets 2015: $299,700Liabilities 2015: $38,178Net Assets 2015: $261,5222015Assets 2016: $138,760Liabilities 2016: $3,477Net Assets 2016: $135,2832016

Highlighted filing

2016

Assets$138,760
Liabilities$3,477
Net Assets$135,283

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2009: $525,722Expenses 2009: $536,190Net Income 2009: -$10,4682009Revenue 2010: $496,199Expenses 2010: $426,979Net Income 2010: $69,2202010Revenue 2011: $556,193Expenses 2011: $457,213Net Income 2011: $98,9802011Revenue 2012: $477,827Expenses 2012: $505,662Net Income 2012: -$27,8352012Revenue 2013: $501,968Expenses 2013: $509,652Net Income 2013: -$7,6842013Revenue 2014: $456,533Expenses 2014: $529,212Net Income 2014: -$72,6792014Revenue 2015: $384,145Expenses 2015: $448,781Net Income 2015: -$64,6362015Revenue 2016: $501,718Expenses 2016: $483,888Net Income 2016: $17,8302016

Highlighted filing

2016

Revenue$501,718
Expenses$483,888
Net Income$17,830

Filings

Latest Detailed Filing

The latest 2016 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 11, 2015
Return Version
2014v5.0
Gross Receipts
$384,145
Mission and Program Overview

Mission

A school to provide students

A school to provide students with a means to appreciate the arts including a study of dance, art music and sports

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$261,167$263,664▲ $2,497
Rtn Earn Endowment Incm Other Fnds$323,161$261,522▼ $61,639
Cash and Non-Interest-Bearing Accounts$98,105$36,036▼ $62,069
Total Assets$359,272$299,700▼ $59,572
Liabilities
Other Liabilities$36,111$38,178▲ $2,067
Total Liabilities$36,111$38,178▲ $2,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$323,161$261,522▼ $61,639
Total Liabilities and Net Assets / Fund Balance$359,272$299,700▼ $59,572

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$102,664$18,719-
Leasehold Improvements$161,000$89,000-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diana TrostExecutive DirectorFT$46,281$46,281$92,562

Board Members and Trustees

NameTitle
Tulya TrostChairman
Anthony GuilianoDirector
Svetlana DubovaDirector
Vadim LempertDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$114,862
Program Service Revenue
$269,214
Investment Income
$69
Other Revenue
$0
All Other Contributions
$114,862
Change in Net Assets
$-64,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$245,214
Salaries, Compensation, and Employee Benefits$203,137
Grants and Similar Amounts Paid$430
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,674$0$0$138,674
Occupancy$0$66,200$0$66,200
All Other Expenses$25,206$22,679$0$47,885
Current Officers, Directors, Trustees, and Key Employees$46,281$0$0$46,281
Advertising$0$32,218$0$32,218
Depreciation Depletion$0$22,196$0$22,196
Payroll Taxes$18,182$0$0$18,182
Insurance$0$10,473$0$10,473
Fees for Services Accounting$0$6,010$0$6,010
Office Expenses$0$1,768$0$1,768
Grants to Domestic Orgs$430--$430
Other Expenses$243$0$0$243
Fees for Services Legal$0$125$0$125
Total Functional Expenses$286,705$162,076$0$448,781
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liability$38,178
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Filer Name
Shostakovich Music Art & Sport School
EIN
11-2857556
Phone
7188378056
Address
297 AVENUE X, BROOKLYN, NY 11223

Signing Officer

Name
Diana Trost
Title
Vice President
Phone
7188378056
Signed
2015-09-11
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
0
Employees
30
Volunteers
0

Preparer

Firm
Julie Vaiman Esq CPA
Address
162 Avenue U Second Floor, Brooklyn, NY 11223
Preparer
Julie Vaiman Esq CPA
Phone
7183365636
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

The organization does not contain a committee that has authority to act on behalf of the governing body

Pt VI, Line 11B

The organization provides a copy of the form 990 to the sole member in teh governing body before filing this return

Pt VI, Line 19

Upon request the organization will make its governing documents, conflict of interest and financial statements available to the public

Pt VI, Line 8A

The organization did not hold the meetings, thus there is no documentation

Pt VI, Line 10B

The organization does not have local chapters, branches or affiliates

Pt VI, Line 8B

not applicable

Pt VI, Line 6

The organization has members of the board and one voting member, as specified in this form

Pt VI, Line 7A

Ms. Diana Trost has the opwer to appoint or elect one or more members of the governing body

Form 990, Part IX, Line 24F

Concert expense 291. 291. 0. 0. Gabage expense 307. 307. 0. 0. Independent contractors 3360. 3360. 0. 0. Printing expense 1945. 1945. 0. 0. Other school expenses 18366. 18366. 0. 0. Transportation 937. 937. 0. 0. Telephone 6606. 0. 6606. 0. Utilities 16073. 0. 16073. 0.

Raw XML Appendix382 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SCHOOL IS A UNIVERSAL PRE-K PROGRAM UNDER SUPERVISION OF NYC BOARD OF EDUCATION THE ORGANIZATION IS A UNIVERSAL PRE- K PROGRAM UNDER SUPERVISION OF NYC BOARD OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT SOLICIT CONTRIBUTUIONS THE SCHOOL DOES NOT SOLICIT CONTRIBUTIONS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2EXPLANATION OF GOVERNMENT FINANCIAL AID: THE ORGANIZATION RECEIVES FUNDS FROM THE NYC DEPARTMENT OF HEALTH USDA FOOD PROGRAM
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request the organization will make its governing documents, conflict of interest and financial statements available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization did not hold the meetings, thus there is no documentation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization does not have local chapters, branches or affiliates
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5not applicable
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization has members of the board and one voting member, as specified in this form
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Ms. Diana Trost has the opwer to appoint or elect one or more members of the governing body
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONCERT EXPENSE 291. 291. 0. 0. GABAGE EXPENSE 307. 307. 0. 0. INDEPENDENT CONTRACTORS 3360. 3360. 0. 0. PRINTING EXPENSE 1945. 1945. 0. 0. OTHER SCHOOL EXPENSES 18366. 18366. 0. 0. TRANSPORTATION 937. 937. 0. 0. TELEPHONE 6606. 0. 6606. 0. UTILITIES 16073. 0. 16073. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 10b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0359272
IRS990/TotalAssetsEOYAmt0299700
IRS990/TotalAssetsGrp/BOYAmt0359272
IRS990/TotalAssetsGrp/EOYAmt0299700
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0114862
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0162076
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0286705
IRS990/TotalFunctionalExpensesGrp/TotalAmt0448781
IRS990/TotalGrossUBIAmt069
IRS990/TotalLiabilitiesBOYAmt036111
IRS990/TotalLiabilitiesEOYAmt038178
IRS990/TotalLiabilitiesGrp/BOYAmt036111
IRS990/TotalLiabilitiesGrp/EOYAmt038178
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0323161
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0261522
IRS990/TotalProgramServiceExpensesAmt0286705
IRS990/TotalProgramServiceRevenueAmt0269214
IRS990/TotalReportableCompFromOrgAmt046281
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0269214
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0384145
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt069
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0359272
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0299700
IRS990/TotReportableCompRltdOrgAmt046281
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0297 AVENUE X
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011223
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANA TROST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07188378056
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHOSTAKOVICH MUSIC ART & SPORT SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0SHOS
ReturnHeader/Filer/EIN0112857556
ReturnHeader/Filer/PhoneNum07188378056
ReturnHeader/Filer/USAddress/AddressLine1Txt0297 AVENUE X
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011223
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JULIE VAIMAN ESQ CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0162 Avenue U Second Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brooklyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011223
ReturnHeader/PreparerPersonGrp/PhoneNum07183365636
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE VAIMAN ESQ CPA
ReturnHeader/ReturnTs02015-09-15T07:17:59-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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