Civic Intelligence

Asian American Arts Centre Inc

EIN 13-2841149 • 501(c)3 • New York, NY

RevokedPub. 78 Eligible990-N CoverageNTEE A23

Profile

Promote asian american cultural arts

Revocation date: Jan 15, 2015

111 Norfolk StreetNew York, NY 10002

www.artspiral.org

Siviq Scores

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

Liabilities / Assets

98th percentile

7.42x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

15.17x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

3rd percentile

-1223%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-84%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-32%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,579

Down $18,685 (-84%) from 2017

Liabilities

Up

$26,553

Up $2,715 (+11%) from 2017

Net Assets

Down

-$22,974

Down $21,400 (-1360%) from 2017

Operations
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Down

$1,750

Down $835 (-32%) from 2017

Expenses

Down

$23,150

Down $16,344 (-41%) from 2017

Net Income

Up

-$21,400

Up $15,509 (+42%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

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

$150K$100K$50K$0-$50KAssets 2011: $1,060Liabilities 2011: $136,7912011Assets 2015: $112,751Liabilities 2015: $41,813Net Assets 2015: $70,9382015Assets 2016: $50,918Liabilities 2016: $15,5832016Assets 2017: $22,264Liabilities 2017: $23,838Net Assets 2017: -$1,5742017Assets 2018: $3,579Liabilities 2018: $26,553Net Assets 2018: -$22,9742018

Highlighted filing

2018

Assets$3,579
Liabilities$26,553
Net Assets-$22,974
Open 2018 Filing

Operations Trend

Revenue Growth24th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $32,094Expenses 2011: $38,622Net Income 2011: -$6,5282011Revenue 2015: $239,022Expenses 2015: $32,840Net Income 2015: $206,1822015Revenue 2016: $11,198Expenses 2016: $46,801Net Income 2016: -$35,6032016Revenue 2017: $2,585Expenses 2017: $39,494Net Income 2017: -$36,9092017Revenue 2018: $1,750Expenses 2018: $23,150Net Income 2018: -$21,4002018

Highlighted filing

2018

Revenue$1,750
Expenses$23,150
Net Income-$21,400
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,579
Liabilities
$26,553
Net assets
-$22,974
Revenue
$1,750
Expenses
$23,150
Net income
-$21,400
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.27$0.23$0.02$0.23$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.24$0.02$0.03$0.39$0.37
2016Summary only. Only limited summary data is available for this year.$0.51$0.16$0.11$0.47$0.36
2015Summary only. Only limited summary data is available for this year.$1.13$0.42$0.71$2.39$0.33$2.06
2011Summary only. Only limited summary data is available for this year.$0.01$1.37$0.32$0.39$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 15, 2019
Return Version
2017v2.2
Gross Receipts
$1,750
Mission and Program Overview

Mission

Promote asian american cultural arts

Program Services

DescriptionGrantsExpenses
PROMOTE THE PRESERVATION AND CREATIVE VITALITY OF ASIAN AMERICAN CULTURAL GROWTH THROUGH THE ARTS AND ITS HISTORICAL AND AESTHETIC LINKAGE TO OTHER COMMUNITIES--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT LEEExecutive DirectorFT$0--
MICHAEL CHISOLMCo Chair-$0--
ELEANOR S YUNGCo Chair-$0--
BROOKS WILLIAMSTreasurer-$0--
JUDY COLLISHANDirector-$0--
JOEL KUPFERMANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Asian American Arts Centre Inc
EIN
13-2841149
Address
111 NORFOLK STREET, New York, NY 10002

Signing Officer

Name
Robert Lee
Title
Executive Direc
Phone
2122332154
Signed
2019-07-15
Discuss with paid preparer
Yes

Preparer

Firm
Magzarila Inc
Address
8017 BELL BLVD, Queens Village, NY 11427
Preparer
Margaret Chen
Phone
1234567890
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountMEETING 30SUPPLIES 1,737”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearACCOUNTS PAYABLE 1,285 0OTHER LIABILITY 22,553 26,553”

Raw XML Appendix166 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/PhoneNum02122332154
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0111 NORFOLK STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010002
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt022264
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03579
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01750
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-21400
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07865
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt022264
IRS990EZ/Form990TotalAssetsGrp/EOYAmt03579
IRS990EZ/GrossReceiptsAmt01750
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LoansToFromOfficersAmt026553
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-1574
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-22974
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-1574
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-22974
IRS990EZ/OccupancyRentUtltsAndMaintAmt013007
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERT LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MICHAEL CHISOLM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ELEANOR S YUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BROOKS WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JUDY COLLISHAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JOEL KUPFERMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CO CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CO CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt01767
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE ASIAN AMERICAN CULTURAL ARTS
IRS990EZ/PrintingPublicationsPostageAmt0511
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTE THE PRESERVATION AND CREATIVE VITALITY OF ASIAN AMERICAN CULTURAL GROWTH THROUGH THE ARTS AND ITS HISTORICAL AND AESTHETIC LINKAGE TO OTHER COMMUNITIES
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt023838
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt026553
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt023150
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt01750
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.ARTSPIRAL.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02585
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011198
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0239022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0272547
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99360
IRS990ScheduleA/PublicSupportPY170Pct00.99400
IRS990ScheduleA/PublicSupportTotal170Amt0270798
IRS990ScheduleA/SubstantialContributorsTotAmt01749
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02585
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011198
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0239022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt017992
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0272547
IRS990ScheduleA/TotalSupportAmt0272547
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt026553
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt031803
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ROBERT LEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt026553
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountMEETING 30SUPPLIES 1,737
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearACCOUNTS PAYABLE 1,285 0OTHER LIABILITY 22,553 26,553
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum02122332154
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASIAN AMERICAN ARTS CENTRE INC
ReturnHeader/Filer/BusinessNameControlTxt0ASIA
ReturnHeader/Filer/EIN0132841149
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 NORFOLK STREET
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010002
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04E504286882B4F5403A0377102FA525640A7F4D8
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01256202019196bct4sxg
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-07-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.114.96.69
ReturnHeader/FilingSecurityInformation/IPDt02019-07-15
ReturnHeader/FilingSecurityInformation/IPTm021:21:03
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452112998
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAGZARILA INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08017 BELL BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Queens Village
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011427
ReturnHeader/PreparerPersonGrp/PhoneNum01234567890
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARGARET CHEN
ReturnHeader/ReturnTs02019-07-15T21:19:49-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

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