Civic Intelligence

Triangle Arts Association Limited

990 • Fiscal year 2022 • EIN 13-3209637

Sep 01, 2021 to Aug 31, 2022 • Filed on Mar 13, 2023

Organization Profiletriangleartsnyc.org
20 Jay StreetBrooklyn, 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

0.02x

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

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.02x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Net Margin

68th percentile

19%

Higher net margin than 68% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Top Officer Pay

97th percentile

$65,581

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 31.3% of source-year revenue.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-11%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$249,664

Up $25,842 (+12%) from 2021

Net Assets

Up

$245,713

Up $39,734 (+19%) from 2021

Liabilities

Down

$3,951

Down $13,892 (-78%) from 2021

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin68th percentile

Revenue

Down

$209,354

Down $25,079 (-11%) from 2021

Expenses

Up

$169,620

Up $33,954 (+25%) from 2021

Net Income

Down

$39,734

Down $59,033 (-60%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

2022

Assets$249,664
Liabilities$3,951
Net Assets$245,713
Open 2022 Filing

Operations Trend

Revenue Growth28th percentile

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

2022

Revenue$209,354
Expenses$169,620
Net Income$39,734
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Mar 13, 2023
Return Version
2021v4.1
Gross Receipts
$217,664
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.

Supports international and u.s. Virtual 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$222,822$244,664▲ $21,842
Pledges and Grants Receivable-$2,000-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$223,822$249,664▲ $25,842
Other Assets Total$1,000$3,000▲ $2,000
Liabilities
Unsecured Notes Loans Payable$17,416--
Accounts Payable and Accrued Expenses$427$3,951▲ $3,524
Total Liabilities$17,843$3,951▼ $13,892
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$205,979$245,713▲ $39,734
Total Net Assets Fund Balance$205,979$245,713▲ $39,734
Total Liabilities and Net Assets / Fund Balance$223,822$249,664▲ $25,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$6,365$6,365
Land$0--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nova BenwayExecutive DirectorFT$65,581$65,581

Board Members and Trustees

NameTitle
Jennifer RileyChair
Alun WilliamsVice Chair
Hugh DuthieBoard Member
John BjerklieBoard Member
Kyler RobinsonBoard Member
Scott Matthews-novelliBoard Member
Karen WilkinTREASURER ; SECRETARY
Revenue and Support

Revenue Composition

Contributions and Grants
$203,918
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,436
All Other Contributions
$130,515
Change in Net Assets
$39,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,687
Other Expenses$46,933
Total Fundraising Expense$407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$74,462$0$0$74,462
Other Salaries and Wages$38,696$0$0$38,696
Fees for Services Other$21,958$11,163$0$33,121
Payroll Taxes$9,529$0$0$9,529
Insurance$4,879$662$0$5,541
Occupancy$3,831$882$0$4,713
Other Expenses$0$1,202$0$1,202
Office Expenses$0$634$0$634
Travel$0$262$0$262
All Other Expenses$0$13$0$13
Total Functional Expenses$153,986$15,227$407$169,620
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Triangle Arts Association Limited
EIN
13-3209637
Phone
7188581260
Address
20 Jay Street, BROOKLYN, NY 11201

Signing Officer

Name
Jennifer Riley
Title
Chair
Phone
7188581260
Signed
2023-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Riley
Formed
1982
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
10

Preparer

Firm
Rich and Bander Llp
Address
79 Madison Avenue 2nd Floor, New York, NY 10016
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Pt X

“Triangle fosters artistic experimentation and growth by providing artists and curators with the use of free art studios, as well as professional and artistic development services including visits with curators and critics and material supplies. Triangle organizes regular events introducing the work of artists in residencies to the public, such as open studios, screenings, and performances.”

Pt VI, Line 11B

“A copy of form 990 has been distributed to the board.”

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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/ProgSrvcAccomActy2Grp/Desc0GOVERNORS ISLAND RESIDENCY - Triangle welcomes artists to Governors Island for Spring/Summer residencies. Exclusively offered to alumni of our past residencies, this program reconnects with our community of artists to provide free studio space for 6 months and invite them share their work with visitors to the island from across the city and beyond, including painting, drawing, sculpture, video, and more.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRIANGLE FOSTERS ARTISTIC EXPERIMENTATION AND GROWTH BY PROVIDING ARTISTS AND CURATORS WITH THE USE OF FREE ART STUDIOS, AS WELL AS PROFESSIONAL AND ARTISTIC DEVELOPMENT SERVICES INCLUDING VISITS WITH CURATORS AND CRITICS AND MATERIAL SUPPLIES. TRIANGLE ORGANIZES REGULAR EVENTS INTRODUCING THE WORK OF ARTISTS IN RESIDENCIES TO THE PUBLIC, SUCH AS OPEN STUDIOS, SCREENINGS, AND PERFORMANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 HAS BEEN DISTRIBUTED TO THE BOARD.
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ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER RILEY
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ReturnHeader/Filer/PhoneNum07188581260
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202747426
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICH AND BANDER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt079 Madison Avenue 2nd Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$249,664
Liabilities
$3,951
Net assets
$245,713
Revenue
$209,354
Expenses
$169,620
Net income
$39,734
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