Civic Intelligence

T AI Chi Foundation Inc.

990 • Fiscal year 2019 • EIN 13-3016452

Jan 01, 2019 to Dec 31, 2019 • Filed on May 07, 2020

Organization ProfileTAICHIFOUNDATION.ORG
PO Box 575 Midtown StationNew York, NY 10018

(212) 645-7010

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.16x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.13x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

61st percentile

8.6%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

87th percentile

$30,500

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

76th percentile

26%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$187,380

Up $38,992 (+26%) from 2018

Net Assets

Up

$156,981

Up $11,437 (+7.9%) from 2018

Liabilities

Up

$30,399

Up $27,555 (+969%) from 2018

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin61st percentile

Revenue

Up

$237,893

Up $50,899 (+27%) from 2018

Expenses

Up

$217,378

Up $56,371 (+35%) from 2018

Net Income

Down

$20,515

Down $5,472 (-21%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$300K$200K$100K$0-$100KAssets 2011: $239,145Liabilities 2011: $266Net Assets 2011: $238,8792011Assets 2012: $208,660Liabilities 2012: $93Net Assets 2012: $208,5672012Assets 2013: $229,521Liabilities 2013: $672Net Assets 2013: $228,8492013Assets 2014: $248,848Liabilities 2014: $46,901Net Assets 2014: $201,9472014Assets 2015: $168,619Liabilities 2015: -$2,438Net Assets 2015: $171,0572015Assets 2016: $123,782Liabilities 2016: $2,986Net Assets 2016: $120,7962016Assets 2017: $140,437Liabilities 2017: $20,881Net Assets 2017: $119,5562017Assets 2018: $148,388Liabilities 2018: $2,844Net Assets 2018: $145,5442018Assets 2019: $187,380Liabilities 2019: $30,399Net Assets 2019: $156,9812019Assets 2020: $226,826Liabilities 2020: $23,671Net Assets 2020: $203,1552020Assets 2021: $241,609Liabilities 2021: $10,984Net Assets 2021: $230,6252021Assets 2022: $216,396Liabilities 2022: $23,313Net Assets 2022: $193,0832022Assets 2023: $218,116Liabilities 2023: $48,887Net Assets 2023: $169,2292023Assets 2024: $226,860Liabilities 2024: $51,179Net Assets 2024: $175,6812024

Highlighted filing

2019

Assets$187,380
Liabilities$30,399
Net Assets$156,981
Open 2019 Filing

Operations Trend

Revenue Growth77th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $165,836Expenses 2011: $97,451Net Income 2011: $68,3852011Revenue 2012: $100,296Expenses 2012: $130,608Net Income 2012: -$30,3122012Revenue 2013: $166,229Expenses 2013: $145,947Net Income 2013: $20,2822013Revenue 2014: $160,145Expenses 2014: $187,047Net Income 2014: -$26,9022014Revenue 2015: $169,534Expenses 2015: $200,424Net Income 2015: -$30,8902015Revenue 2016: $156,101Expenses 2016: $205,962Net Income 2016: -$49,8612016Revenue 2017: $115,526Expenses 2017: $137,669Net Income 2017: -$22,1432017Revenue 2018: $186,994Expenses 2018: $161,007Net Income 2018: $25,9872018Revenue 2019: $237,893Expenses 2019: $217,378Net Income 2019: $20,5152019Revenue 2020: $193,392Expenses 2020: $147,220Net Income 2020: $46,1722020Revenue 2021: $145,880Expenses 2021: $119,460Net Income 2021: $26,4202021Revenue 2022: $164,798Expenses 2022: $202,741Net Income 2022: -$37,9432022Revenue 2023: $209,048Expenses 2023: $233,384Net Income 2023: -$24,3362023Revenue 2024: $224,594Expenses 2024: $218,142Net Income 2024: $6,4522024

Highlighted filing

2019

Revenue$237,893
Expenses$217,378
Net Income$20,515
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 7, 2020
Return Version
2019v5.1
Gross Receipts
$238,249
Mission and Program Overview

Mission

Provide training and instruction for students and teachers and to set up and maintain a program for licensing of tai chi instructors

Provide training and instruction for students and teachers and to set up and maintain a program for licensing of T'ai Chi instructors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$56,063$96,128▲ $40,065
Cash and Non-Interest-Bearing Accounts$52,822$41,028▼ $11,794
Prepaid Expenses and Deferred Charges$34,832$8,021▼ $26,811
Accounts Receivable$1,196$3,653▲ $2,457
Inventories for Sale or Use$617$353▼ $264
Total Assets$183,727$187,380▲ $3,653
Other Assets Total$38,197$38,197→ $0
Liabilities
Deferred Revenue$19,365$25,920▲ $6,555
Accounts Payable and Accrued Expenses$27,894$4,479▼ $23,415
Total Liabilities$47,259$30,399▼ $16,860
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$136,468$156,981▲ $20,513
Total Net Assets Fund Balance$136,468$156,981▲ $20,513
Total Liabilities and Net Assets / Fund Balance$183,727$187,380▲ $3,653

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$38,197--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Penny HarrisonFoundation AdministratorPT$30,500$30,500
Steve ShulmanTreasurer-$4,900$4,900
Margaret OlmsteadLh-$3,988$3,988

Board Members and Trustees

NameTitle
Robert EtheringtonPresident
Dick WilkinsonDirector
Ed SheffnerDirector
Julie InnisDirector
Peter KennedyDirector
Roger NoonDirector
John SzostekCommittee Member
Vanessa CostiganSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$36,056
Program Service Revenue
$177,471
Investment Income
$65
Other Revenue
$24,301
All Other Contributions
$16,036
Change in Net Assets
$20,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,370
Salaries, Compensation, and Employee Benefits$39,388
Grants and Similar Amounts Paid$3,620
Total Fundraising Expense$1,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$78,910$525$0$79,435
Fees for Services Other$16,700$24,028$750$41,478
Current Officers, Directors, Trustees, and Key Employees$1,130$37,508$750$39,388
Travel$14,804$0$0$14,804
Information Technology$6,442$6,442$0$12,884
All Other Expenses$7,520$130$0$7,650
Fees for Services Accounting$0$5,650$0$5,650
Advertising$5,617$0$0$5,617
Grants to Domestic Individuals$3,620--$3,620
Insurance$614$0$0$614
Other Expenses$0$368$0$368
Total Functional Expenses$135,522$80,356$1,500$217,378
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
Backup withholding compliance
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
No
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
Filing and Contact Details

Filer

Filer Name
T'ai Chi Foundation
EIN
13-3016452
Phone
2126457010
Address
PO Box 575 Midtown Station, New York, NY 10018

Signing Officer

Name
Steve Shulman
Title
Treasurer
Phone
2126457010
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Shulman
Formed
1979
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Andrew Landau CPA
Address
7 HALIFAX DR, MORGANVILLE, NJ 07751
Preparer
Andrew Landau
Phone
9084155297
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Organization. These members are not stockholders.”

Pt VI, Line 7A

“Members elect the board of directors on an annual basis.”

Pt VI, Line 11B

“Provided to the treasurer and made available for board members to review before and after filing.”

Pt VI, Line 12C

“The board review conflict of interest issues at board meetings and the policy on a regular basis as issues arise.”

Pt VI, Line 19

“Information is made available to interested parties when it is requested.”

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IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0177271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3200
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt016501
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01200
IRS990/PYInvestmentIncomeAmt08
IRS990/PYOtherExpensesAmt016619
IRS990/PYOtherRevenueAmt02340
IRS990/PYProgramServiceRevenueAmt01946
IRS990/PYRevenuesLessExpensesAmt0-9075
IRS990/PYSalariesCompEmpBnftPaidAmt012051
IRS990/PYTotalExpensesAmt029870
IRS990/PYTotalRevenueAmt020795
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt020515
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt021654
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt021654
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt056063
IRS990/SavingsAndTempCashInvstGrp/EOYAmt096128
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt036056
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016501
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt027934
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt029246
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035219
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0144956
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt012275
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05239
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0177471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0151411
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt070479
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0111958
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0511319
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012275
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05239
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017625
IRS990ScheduleA/InvestmentIncomeCYPct00.02620
IRS990ScheduleA/InvestmentIncomePYPct00.04040
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.97380
IRS990ScheduleA/PublicSupportPY509Pct00.93970
IRS990ScheduleA/PublicSupportTotal509Amt0656275
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0213527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt016501
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0179345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt099725
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0147177
IRS990ScheduleA/Total509Grp/TotalAmt0656275
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0673900
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt038197
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Intellectual Property
IRS990ScheduleD/TotalBookValueOtherAssetsAmt038197
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization. These members are not stockholders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members elect the board of directors on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Provided to the treasurer and made available for board members to review before and after filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board review conflict of interest issues at board meetings and the policy on a regular basis as issues arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Information is made available to interested parties when it is requested.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0183727
IRS990/TotalAssetsEOYAmt0187380
IRS990/TotalAssetsGrp/BOYAmt0183727
IRS990/TotalAssetsGrp/EOYAmt0187380
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt036056
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01500
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080356
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135522
IRS990/TotalFunctionalExpensesGrp/TotalAmt0217378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt047259
IRS990/TotalLiabilitiesEOYAmt030399
IRS990/TotalLiabilitiesGrp/BOYAmt047259
IRS990/TotalLiabilitiesGrp/EOYAmt030399
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0136468
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0156981
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0135522

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$187,380
Liabilities
$30,399
Net assets
$156,981
Revenue
$237,893
Expenses
$217,378
Net income
$20,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.51$1.76$2.25$2.18$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.18$0.49$1.69$2.09$2.33$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.23$1.93$1.65$2.03$0.38
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.11$2.31$1.46$1.19$0.26
2020Detailed filing. Detailed filing data is available for this year.$2.27$0.24$2.03$1.93$1.47$0.46
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.30$1.57$2.38$2.17$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.03$1.46$1.87$1.61$0.26
2017Summary only. Only limited summary data is available for this year.$1.40$0.21$1.20$1.16$1.38$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.03$1.21$1.56$2.06$0.50
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.02$1.71$1.70$2.00$0.31
2014Summary only. Only limited summary data is available for this year.$2.49$0.47$2.02$1.60$1.87$0.27
2013Summary only. Only limited summary data is available for this year.$2.30$0.01$2.29$1.66$1.46$0.20
2012Summary only. Only limited summary data is available for this year.$2.09$0.00$2.09$1.00$1.31$0.30
2011Summary only. Only limited summary data is available for this year.$2.39$0.00$2.39$1.66$0.97$0.68