Civic Intelligence

T AI Chi Foundation Inc.

990 • Fiscal year 2016 • EIN 13-3016452

Oct 01, 2015 to Sep 30, 2016 • Filed on Jun 28, 2017

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

(888) 432-8187

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

11th percentile

-32%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

17th percentile

-27%

Faster asset growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-7.9%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$123,782

Down $44,837 (-27%) from 2015

Net Assets

Down

$120,796

Down $50,261 (-29%) from 2015

Liabilities

Up

$2,986

Up $5,424 (+222%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin11th percentile

Revenue

Down

$156,101

Down $13,433 (-7.9%) from 2015

Expenses

Up

$205,962

Up $5,538 (+2.8%) from 2015

Net Income

Down

-$49,861

Down $18,971 (-61%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2016

Assets$123,782
Liabilities$2,986
Net Assets$120,796
Open 2016 Filing

Operations Trend

Revenue Growth37th 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

2016

Revenue$156,101
Expenses$205,962
Net Income-$49,861
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jun 28, 2017
Return Version
2015v3.0
Gross Receipts
$156,423
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$92,904$55,962▼ $36,942
Cash and Non-Interest-Bearing Accounts$25,542$25,503▼ $39
Inventories for Sale or Use$3,937$3,615▼ $322
Accounts Receivable$7,551$489▼ $7,062
Pledges and Grants Receivable$88$16▼ $72
Total Assets$168,219$123,782▼ $44,437
Other Assets Total$38,197$38,197→ $0
Liabilities
Accounts Payable and Accrued Expenses$-2,438$2,986▲ $5,424
Total Liabilities$-2,438$2,986▲ $5,424
Net Assets / Fund Balance
Unrestricted Net Assets$170,657$120,796▼ $49,861
Total Net Assets Fund Balance$170,657$120,796▼ $49,861
Total Liabilities and Net Assets / Fund Balance$168,219$123,782▼ $44,437

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$38,197--
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
John SzostekPresident
Robert EtheringtonVice-president
Andrew DellolioDirector
Birgitt KrauseDirector
Margaret MatsumotoDirector
Penny Harrison LathamFoundation Administrator
Danyal SattarSecretary
Steve ShulmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,219
Program Service Revenue
$111,958
Investment Income
$58
Other Revenue
$8,866
All Other Contributions
$22,589
Change in Net Assets
$-49,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,996
Salaries, Compensation, and Employee Benefits$75,707
Total Fundraising Expense$17,578
Grants and Similar Amounts Paid$8,259
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,587$44,120$6,000$75,707
Conferences and Meetings$57,977--$57,977
Information Technology$11,488-$11,488$22,976
Travel$15,754--$15,754
All Other Expenses$9,371--$9,371
Grants to Domestic Individuals$8,259--$8,259
Fees for Services Accounting-$4,300-$4,300
Office Expenses-$2,870-$2,870
Occupancy$426--$426
Other Expenses$2,777$311-$311
Advertising--$90$90
Total Functional Expenses$131,639$56,745$17,578$205,962
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 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

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Explanation: organization. These members are not stockholders.”

Member election for additional members Part VI line 7A

“Explanation: members elect the board of directors on an annual basis.”

Form 990 governing body review Part VI line 11

“Explanation: provided to the treasurer ans to and made available for board members to review it before and after filing.”

Conflict of interest policy compliance Part VI line 12C

“Explanation: the board reviews conflict of interest issues at board meetings and the policy on a regular basis as issues arise.”

Governing documents etc available to public Part VI line 19

“Explanation: information is made available to interested parties when it is requested.”

Filing and Contact Details

Filer

Filer Name
Tai Chi Foundation
EIN
13-3016452
Address
PO BOX 575 MIDTOWN STATION, New York, NY 10018

Signing Officer

Name
Steve Shulman
Title
Treasurer
Phone
2126457010
Signed
2017-06-28
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Moshe Klein & Associates Ltd
Address
8745 W Higgins Suite 110, Chicago, IL 60631
Preparer
Laurence S Appleton
Phone
8884328187
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: ORGANIZATION. THESE MEMBERS ARE NOT STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: MEMBERS ELECT THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLANATION: PROVIDED TO THE TREASURER ANS TO AND MADE AVAILABLE FOR BOARD MEMBERS TO REVIEW IT BEFORE AND AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: THE BOARD REVIEWS CONFLICT OF INTEREST ISSUES AT BOARD MEETINGS AND THE POLICY ON A REGULAR BASIS AS ISSUES ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXPLANATION: INFORMATION IS MADE AVAILABLE TO INTERESTED PARTIES WHEN IT IS REQUESTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
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ReturnHeader/Filer/EIN0133016452

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$123,782
Liabilities
$2,986
Net assets
$120,796
Revenue
$156,101
Expenses
$205,962
Net income
-$49,861
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
2016Detailed filing. Detailed filing data is available for this year.$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