Civic Intelligence

Triangle Arts Association Limited

990EZ • Fiscal year 2017 • EIN 13-3209637

Sep 01, 2016 to Aug 31, 2017 • Filed on Feb 14, 2018

20 Jay Street No 318Brooklyn, NY 11201

(718) 858-1260

Siviq Scores

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

Liabilities / Assets

61st percentile

0.03x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.00x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Net Margin

34th percentile

-3.2%

Higher net margin than 34% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Top Officer Pay

95th percentile

$50,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 37.2% of source-year revenue.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Asset Growth

25th percentile

-15%

Faster asset growth than 25% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

7.8%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$21,547

Down $3,765 (-15%) from 2016

Net Assets

Down

$20,966

Down $4,305 (-17%) from 2016

Liabilities

Up

$581

Up $540 (+1317%) from 2016

Revenue

Up

$134,471

Up $9,777 (+7.8%) from 2016

Expenses

Up

$138,776

Up $14,172 (+11%) from 2016

Net Income

Down

-$4,305

Down $4,395 (-4883%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $39,071Liabilities 2011: $02011Assets 2012: $35,972Liabilities 2012: $8,3092012Assets 2013: $21,958Liabilities 2013: $7,2672013Assets 2014: $22,701Liabilities 2014: $0Net Assets 2014: $22,7012014Assets 2015: $26,574Liabilities 2015: $1,393Net Assets 2015: $25,1812015Assets 2016: $25,312Liabilities 2016: $41Net Assets 2016: $25,2712016Assets 2017: $21,547Liabilities 2017: $581Net Assets 2017: $20,9662017Assets 2018: $25,968Liabilities 2018: $422Net Assets 2018: $25,5462018Assets 2019: $62,371Liabilities 2019: $1,369Net Assets 2019: $61,0022019Assets 2020: $123,558Liabilities 2020: $16,346Net Assets 2020: $107,2122020Assets 2021: $223,822Liabilities 2021: $17,843Net Assets 2021: $205,9792021Assets 2022: $249,664Liabilities 2022: $3,951Net Assets 2022: $245,7132022Assets 2023: $235,996Liabilities 2023: $3,199Net Assets 2023: $232,7972023Assets 2024: $237,928Liabilities 2024: $647Net Assets 2024: $237,2812024

Highlighted filing

2017

Assets$21,547
Liabilities$581
Net Assets$20,966

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $110,725Expenses 2011: $108,725Net Income 2011: $2,0002011Revenue 2012: $101,611Expenses 2012: $113,019Net Income 2012: -$11,4082012Revenue 2013: $111,099Expenses 2013: $124,068Net Income 2013: -$12,9692013Revenue 2014: $110,769Expenses 2014: $102,759Net Income 2014: $8,0102014Revenue 2015: $154,538Expenses 2015: $152,058Net Income 2015: $2,4802015Revenue 2016: $124,694Expenses 2016: $124,604Net Income 2016: $902016Revenue 2017: $134,471Expenses 2017: $138,776Net Income 2017: -$4,3052017Revenue 2018: $124,826Expenses 2018: $120,246Net Income 2018: $4,5802018Revenue 2019: $157,333Expenses 2019: $121,877Net Income 2019: $35,4562019Revenue 2020: $178,914Expenses 2020: $132,704Net Income 2020: $46,2102020Revenue 2021: $234,433Expenses 2021: $135,666Net Income 2021: $98,7672021Revenue 2022: $209,354Expenses 2022: $169,620Net Income 2022: $39,7342022Revenue 2023: $180,307Expenses 2023: $193,223Net Income 2023: -$12,9162023Revenue 2024: $201,266Expenses 2024: $196,782Net Income 2024: $4,4842024

Highlighted filing

2017

Revenue$134,471
Expenses$138,776
Net Income-$4,305
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Feb 14, 2018
Return Version
2016v3.0
Gross Receipts
$134,471
Mission and Program Overview

Mission

Supports international and u.s. Visual artists. The organization's core initiatives are: residencies, workshops, and educational and public programs, that are centered on dialogue, experimentation and the creation of community around art.

Program Services

DescriptionGrantsExpenses
PROVIDE A BI-ANNUAL TRIANGLE ARTIST WORKSHOP IN UPSTATE NY. THIS WORKSHOP SPONSORS ARTISTS TO FOSTER ARTISTIC EXPERIMENTATION AND GROWTH.$0$66,120
PROVIDE ARTISTS WITH THE USE OF ART STUDIOS AND RESIDENCES AS WELL AS NEED BASED EXPENSES INCLUDING TRANSPORTATION AND ART SUPPLIES.$4,000$61,780
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAUREL PTAKExec Director 2016FT$50,000-$50,000
ALUN WILLIAMSBoard Member-$0--
JOHN BJERKLIEBoard Member-$0--
JENNIFER RILEYChairPT$0--
JERRY WEINSTEINBoard Member-$0--
KAREN WILKINBoard Member-$0--
NOVA BENWAYExec Director - 2017FT$0--
Filing and Contact Details

Filer

Filer Name
Triangle Arts Association Limited
EIN
13-3209637
Phone
7188581260
Address
20 JAY STREET NO 318, BROOKLYN, NY 11201

Signing Officer

Name
Jennifer Riley
Title
Chair
Phone
7188581260
Signed
2018-02-14
Discuss with paid preparer
Yes

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 320. Description: other expenses. Amount: 23,182. Total to form 990-ez, line 14: 23,502.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: residency programs. Amount: 44,139. Description: education & public programs. Amount: 3,239. Description: insurance. Amount: 2,004. Description: office supplies and expense. Amount: 1,978. Description: bank service charges & dues & subscriptions. Amount: 681. Total to form 990-ez, line 16: 52,041.

Form 990-ez, Part II, Line 24 - Other Assets

Description: artwork. Beg. Of year amount: 1,356. End of year amount: 0. Description: other depreciable assets. Beg. Of year amount: 1,252. End of year amount: 932.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 41. End of year amount: 581.

Raw XML Appendix189 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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IRS990EZ/PrimaryExemptPurposeTxt0SUPPORTS INTERNATIONAL AND U.S. VISUAL ARTISTS. THE ORGANIZATION'S CORE INITIATIVES ARE: RESIDENCIES, WORKSHOPS, AND EDUCATIONAL AND PUBLIC PROGRAMS, THAT ARE CENTERED ON DIALOGUE, EXPERIMENTATION AND THE CREATION OF COMMUNITY AROUND ART.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDE A BI-ANNUAL TRIANGLE ARTIST WORKSHOP IN UPSTATE NY. THIS WORKSHOP SPONSORS ARTISTS TO FOSTER ARTISTIC EXPERIMENTATION AND GROWTH.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION. AMOUNT: 320. DESCRIPTION: OTHER EXPENSES. AMOUNT: 23,182. TOTAL TO FORM 990-EZ, LINE 14: 23,502.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: RESIDENCY PROGRAMS. AMOUNT: 44,139. DESCRIPTION: EDUCATION & PUBLIC PROGRAMS. AMOUNT: 3,239. DESCRIPTION: INSURANCE. AMOUNT: 2,004. DESCRIPTION: OFFICE SUPPLIES AND EXPENSE. AMOUNT: 1,978. DESCRIPTION: BANK SERVICE CHARGES & DUES & SUBSCRIPTIONS. AMOUNT: 681. TOTAL TO FORM 990-EZ, LINE 16: 52,041.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ARTWORK. BEG. OF YEAR AMOUNT: 1,356. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 1,252. END OF YEAR AMOUNT: 932.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 41. END OF YEAR AMOUNT: 581.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BusinessOfficerGrp/PhoneNum07188581260
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-14
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ReturnHeader/Filer/BusinessNameControlTxt0TRIA
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ReturnHeader/Filer/PhoneNum07188581260
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ReturnHeader/FilingSecurityInformation/IPTm015:07:43
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02018-02-14T14:07:49-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.38$0.01$2.37$2.01$1.97$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.36$0.03$2.33$1.80$1.93$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.50$0.04$2.46$2.09$1.70$0.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.18$2.06$2.34$1.36$0.99
2020Detailed filing. Detailed filing data is available for this year.$1.24$0.16$1.07$1.79$1.33$0.46
2019Detailed filing. Detailed filing data is available for this year.$0.62$0.01$0.61$1.57$1.22$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$1.25$1.20$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.01$0.21$1.34$1.39$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.25$1.25$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.25$1.55$1.52$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$1.11$1.03$0.08
2013Summary only. Only limited summary data is available for this year.$0.22$0.07$1.11$1.24$0.13
2012Summary only. Only limited summary data is available for this year.$0.36$0.08$1.02$1.13$0.11
2011Summary only. Only limited summary data is available for this year.$0.39$0.00$1.11$1.09$0.02