Civic Intelligence

International Foundation for Art Research Inc.

990 • Fiscal year 2014 • EIN 13-2623376

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 29, 2015

500 Fifth Avenue Suite 935New York, NY 10110

(212) 391-6234

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

17th percentile

-9.5%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$642,576

Down $67,123 (-9.5%) from 2013

Net Assets

Down

$639,576

Down $64,323 (-9.1%) from 2013

Liabilities

Down

$3,000

Down $2,800 (-48%) from 2013

Revenue

Down

$683,318

Down $189,874 (-22%) from 2013

Expenses

Down

$752,718

Down $36,488 (-4.6%) from 2013

Net Income

Down

-$69,400

Down $153,386 (-183%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $375,142Liabilities 2010: $3,000Net Assets 2010: $372,1422010Assets 2011: $531,878Liabilities 2011: $3,000Net Assets 2011: $528,8782011Assets 2012: $657,731Liabilities 2012: $22,000Net Assets 2012: $635,7312012Assets 2013: $709,699Liabilities 2013: $5,800Net Assets 2013: $703,8992013Assets 2014: $642,576Liabilities 2014: $3,000Net Assets 2014: $639,5762014Assets 2015: $696,783Liabilities 2015: $3,000Net Assets 2015: $693,7832015Assets 2016: $711,354Liabilities 2016: $35,971Net Assets 2016: $675,3832016Assets 2017: $612,055Liabilities 2017: $63,450Net Assets 2017: $548,6052017Assets 2018: $584,838Liabilities 2018: $38,466Net Assets 2018: $546,3722018Assets 2019: $738,135Liabilities 2019: $33,990Net Assets 2019: $704,1452019Assets 2020: $738,190Liabilities 2020: $38,179Net Assets 2020: $700,0112020Assets 2021: $1,137,288Liabilities 2021: $30,016Net Assets 2021: $1,107,2722021Assets 2022: $1,821,252Liabilities 2022: $848,788Net Assets 2022: $972,4642022Assets 2023: $1,934,706Liabilities 2023: $768,349Net Assets 2023: $1,166,3572023Assets 2024: $853,709Liabilities 2024: $13,550Net Assets 2024: $840,1592024

Highlighted filing

2014

Assets$642,576
Liabilities$3,000
Net Assets$639,576

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $630,8462010Expenses 2011: $694,9812011Expenses 2012: $719,4352012Revenue 2013: $873,192Expenses 2013: $789,206Net Income 2013: $83,9862013Revenue 2014: $683,318Expenses 2014: $752,718Net Income 2014: -$69,4002014Revenue 2015: $837,964Expenses 2015: $815,220Net Income 2015: $22,7442015Revenue 2016: $789,897Expenses 2016: $786,068Net Income 2016: $3,8292016Revenue 2017: $660,251Expenses 2017: $808,242Net Income 2017: -$147,9912017Revenue 2018: $799,551Expenses 2018: $768,659Net Income 2018: $30,8922018Revenue 2019: $928,204Expenses 2019: $826,444Net Income 2019: $101,7602019Revenue 2020: $743,504Expenses 2020: $789,717Net Income 2020: -$46,2132020Revenue 2021: $1,210,814Expenses 2021: $822,275Net Income 2021: $388,5392021Revenue 2022: $967,193Expenses 2022: $924,876Net Income 2022: $42,3172022Revenue 2023: $1,126,756Expenses 2023: $1,013,136Net Income 2023: $113,6202023Revenue 2024: $409,622Expenses 2024: $775,602Net Income 2024: -$365,9802024

Highlighted filing

2014

Revenue$683,318
Expenses$752,718
Net Income-$69,400
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 29, 2015
Return Version
2014v5.0
Gross Receipts
$683,318
Mission and Program Overview

Mission

Educational and research organization dedicated to integrity in the visual arts. Ifar is concerned with issues of attribution/authenticity, provenance, theft, ownership, and other scholarly, legal and ethical issues involving art objects.

Educational organization concerning art objects

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$429,399$493,215▲ $63,816
Cash and Non-Interest-Bearing Accounts$229,660$99,352▼ $130,308
Accounts Receivable$35,080$26,783▼ $8,297
Prepaid Expenses and Deferred Charges-$6,000-
Land, Buildings, and Equipment, Net$397$2,190▲ $1,793
Intangible Assets$1,541$1,414▼ $127
Total Assets$709,699$642,576▼ $67,123
Other Assets Total$13,622$13,622→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,800$3,000▼ $2,800
Total Liabilities$5,800$3,000▼ $2,800
Net Assets / Fund Balance
Unrestricted Net Assets$683,899$629,576▼ $54,323
Temporarily Rstr Net Assets$20,000$10,000▼ $10,000
Total Net Assets Fund Balance$703,899$639,576▼ $64,323
Total Liabilities and Net Assets / Fund Balance$709,699$642,576▼ $67,123

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,190$51,146$53,336
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$535,945
Program Service Revenue
$129,140
Investment Income
$18,233
Other Revenue
$0
All Other Contributions
$535,945
Change in Net Assets
$-69,400

Audited Revenue Reconciliation

Revenue per Audited Statements
$683,318
Revenue Not Reported on Form 990
$15,077
Total Revenue per Audited Statements
$698,395
Total Revenue per Form 990
$683,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$367,536
Other Expenses$344,496
Professional Fundraising Fees$40,686
Total Fundraising Expense$40,686
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$252,335$70,915-$323,250
Occupancy$96,824$27,620-$124,444
Fees for Services Professional Fundraising--$40,686$40,686
All Other Expenses$3,783$23,047-$26,830
Conferences and Meetings$13,473$8,886-$22,359
Payroll Taxes$17,499$4,756-$22,255
Insurance-$15,438-$15,438
Other Employee Benefits$8,765$3,623-$12,388
Fees for Services Accounting-$12,000-$12,000
Office Expenses$10,116$113-$10,229
Pension Plan Contributions$7,535$2,108-$9,643
Advertising$6,500--$6,500
Other Expenses$22,999$4,624-$4,624
Depreciation Depletion-$3,142-$3,142
Total Functional Expenses$535,703$176,329$40,686$752,718

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$752,718
Total Expenses per Audited Statements$752,718
Total Expenses per Form 990$752,718
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$40,686
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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, Page 6, Part VI, Line 11B

Form 990 is reviewed by the executive director, board chairman and/or treasurer prior to filing. It is provided to other board members upon request.

Form 990, Page 6, Part VI, Line 15A

The executive director's salary is approved by the board annually.

Form 990, Page 6, Part VI, Line 19

Form 990 is available upon request.

Filing and Contact Details

Filer

Filer Name
International Foundation for Art
EIN
13-2623376
Phone
2123916234
Address
500 FIFTH AVENUE SUITE 935, NEW YORK, NY 10110

Signing Officer

Name
Sharon Flescher
Title
Executive Director
Phone
2123916234
Signed
2015-10-29
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
5

Preparer

Firm
Carter CPA LLC
Address
197 ROUTE 18 S STE 260-S, EAST BRUNSWICK, NJ 08816
Preparer
Jodi Carter
Phone
7322467447
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Net assets released from restricted contributions 10,000

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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/RelatedOrExemptFuncIncomeAmt072608
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt131528
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219074
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34219
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41111
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt072608
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131528
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34219
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41111
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0600
IRS990/ProgSrvcAccomActy2Grp/Desc0LECTURES, PANELS, AND CONFERENCES: EXPENSE INCURRED IN THE DELIVERY OF LECTURES, PANELS, AND CONFERENCES FOR MEMBERS AND THE PUBLIC.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt051881
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt04219
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0710024
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015296
IRS990/PYOtherExpensesAmt0399810
IRS990/PYProgramServiceRevenueAmt0147872
IRS990/PYRevenuesLessExpensesAmt083986
IRS990/PYSalariesCompEmpBnftPaidAmt0347467
IRS990/PYTotalExpensesAmt0789206
IRS990/PYTotalProfFndrsngExpnsAmt041929
IRS990/PYTotalRevenueAmt0873192
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-69400
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt092999
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0429399
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0493215
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0372,563
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0535945
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0710024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0720741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0752779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0537372
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03256861
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018233
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015296
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012924
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010287
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010145
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt066885
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0146773
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt067069
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt084249
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt073285
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt088642
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt059318
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0372563
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47870
IRS990ScheduleA/PublicSupportPY170Pct00.46850
IRS990ScheduleA/PublicSupportTotal170Amt01769537
IRS990ScheduleA/SubstantialContributorsTotAmt01487324
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0535945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0710024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0720741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0752779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0537372
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03256861
IRS990ScheduleA/TotalSupportAmt03696309
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02190
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051146
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053336
IRS990ScheduleD/ExpensesSubtotalAmt0752718
IRS990ScheduleD/NetUnrealizedGainsInvstAmt015077
IRS990ScheduleD/RevenueNotReportedAmt015077
IRS990ScheduleD/RevenueSubtotalAmt0683318
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02190
IRS990ScheduleD/TotalExpensesPerForm990Amt0752718
IRS990ScheduleD/TotalRevenuePerForm990Amt0683318
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0698395
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0752718
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, BOARD CHAIRMAN AND/OR TREASURER PRIOR TO FILING. IT IS PROVIDED TO OTHER BOARD MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NET ASSETS RELEASED FROM RESTRICTED CONTRIBUTIONS 10,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt020000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt010000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0709699
IRS990/TotalAssetsEOYAmt0642576
IRS990/TotalAssetsGrp/BOYAmt0709699
IRS990/TotalAssetsGrp/EOYAmt0642576
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0535945
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040686
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0176329
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0535703
IRS990/TotalFunctionalExpensesGrp/TotalAmt0752718
IRS990/TotalGrossUBIAmt0600
IRS990/TotalLiabilitiesBOYAmt05800
IRS990/TotalLiabilitiesEOYAmt03000
IRS990/TotalLiabilitiesGrp/BOYAmt05800
IRS990/TotalLiabilitiesGrp/EOYAmt03000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0703899
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0639576
IRS990/TotalProgramServiceExpensesAmt0535703

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.01$0.84$0.41$0.78$0.37
2023Detailed filing. Detailed filing data is available for this year.$1.93$0.77$1.17$1.13$1.01$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.85$0.97$0.97$0.92$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.03$1.11$1.21$0.82$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.04$0.70$0.74$0.79$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.03$0.70$0.93$0.83$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.04$0.55$0.80$0.77$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.06$0.55$0.66$0.81$0.15
2016Summary only. Only limited summary data is available for this year.$0.71$0.04$0.68$0.79$0.79$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.69$0.84$0.82$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.68$0.75$0.07
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.71$0.01$0.70$0.87$0.79$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.02$0.64$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.37$0.63