Civic Intelligence

Hips Road Inc.

990 • Fiscal year 2013 • EIN 13-3471757

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

C/O S Nole Cpa 347 Fifth AveNew York, NY 10016

(212) 682-0180

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

46th percentile

$40,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

48th percentile

2.7%

Faster revenue growth than 48% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Assets

Up

$1,412,534

Up $188,872 (+15%) from 2012

Net Assets

Up

$1,404,059

Up $194,121 (+16%) from 2012

Liabilities

Down

$8,475

Down $5,249 (-38%) from 2012

Revenue

Up

$1,109,772

Up $29,594 (+2.7%) from 2012

Expenses

Down

$915,651

Down $57,013 (-5.9%) from 2012

Net Income

Up

$194,121

Up $86,607 (+81%) from 2012

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $880,296Liabilities 2010: $7,448Net Assets 2010: $872,8482010Assets 2011: $1,109,151Liabilities 2011: $6,727Net Assets 2011: $1,102,4242011Assets 2012: $1,223,662Liabilities 2012: $13,724Net Assets 2012: $1,209,9382012Assets 2013: $1,412,534Liabilities 2013: $8,475Net Assets 2013: $1,404,0592013Assets 2014: $1,394,170Liabilities 2014: $8,528Net Assets 2014: $1,385,6422014Assets 2015: $1,436,025Liabilities 2015: $9,251Net Assets 2015: $1,426,7742015Assets 2016: $1,475,386Liabilities 2016: $8,160Net Assets 2016: $1,467,2262016Assets 2017: $1,441,489Liabilities 2017: $11,540Net Assets 2017: $1,429,9492017Assets 2018: $1,621,749Liabilities 2018: $23,624Net Assets 2018: $1,598,1252018Assets 2019: $2,051,532Liabilities 2019: $9,994Net Assets 2019: $2,041,5382019Assets 2020: $1,920,040Liabilities 2020: $17,019Net Assets 2020: $1,903,0212020Assets 2021: $2,007,582Liabilities 2021: $11,846Net Assets 2021: $1,995,7362021Assets 2022: $2,158,396Liabilities 2022: $12,954Net Assets 2022: $2,145,4422022Assets 2023: $2,452,264Liabilities 2023: $20,454Net Assets 2023: $2,431,8102023Assets 2024: $2,620,140Liabilities 2024: $529Net Assets 2024: $2,619,6112024

Highlighted filing

2013

Assets$1,412,534
Liabilities$8,475
Net Assets$1,404,059

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,242,747Expenses 2010: $1,116,566Net Income 2010: $126,1812010Revenue 2011: $865,109Expenses 2011: $635,533Net Income 2011: $229,5762011Revenue 2012: $1,080,178Expenses 2012: $972,664Net Income 2012: $107,5142012Revenue 2013: $1,109,772Expenses 2013: $915,651Net Income 2013: $194,1212013Revenue 2014: $851,578Expenses 2014: $869,995Net Income 2014: -$18,4172014Revenue 2015: $985,995Expenses 2015: $944,863Net Income 2015: $41,1322015Revenue 2016: $676,073Expenses 2016: $635,621Net Income 2016: $40,4522016Revenue 2017: $753,499Expenses 2017: $790,776Net Income 2017: -$37,2772017Revenue 2018: $825,664Expenses 2018: $657,488Net Income 2018: $168,1762018Revenue 2019: $1,035,398Expenses 2019: $591,985Net Income 2019: $443,4132019Revenue 2020: $333,747Expenses 2020: $472,264Net Income 2020: -$138,5172020Revenue 2021: $627,605Expenses 2021: $534,890Net Income 2021: $92,7152021Revenue 2022: $755,801Expenses 2022: $606,095Net Income 2022: $149,7062022Revenue 2023: $1,288,236Expenses 2023: $1,001,868Net Income 2023: $286,3682023Revenue 2024: $1,004,573Expenses 2024: $816,772Net Income 2024: $187,8012024

Highlighted filing

2013

Revenue$1,109,772
Expenses$915,651
Net Income$194,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$1,109,772
Mission and Program Overview

Mission

To fund recording artists and

To fund recording artists and composers to promote artistic development and cultural exchanges

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$271,323$758,725▲ $487,402
Land, Buildings, and Equipment, Net$4,295$315,112▲ $310,817
Savings and Temporary Cash Investments$879,550$251,167▼ $628,383
Other Notes and Loans Receivable, Net$39,225$48,425▲ $9,200
Prepaid Expenses and Deferred Charges$3,608$13,444▲ $9,836
Accounts Receivable$10,361$10,361→ $0
Total Assets$1,223,662$1,412,534▲ $188,872
Other Assets Total$15,300$15,300→ $0
Liabilities
Accounts Payable and Accrued Expenses$13,724$8,475▼ $5,249
Total Liabilities$13,724$8,475▼ $5,249
Net Assets / Fund Balance
Unrestricted Net Assets$1,209,938$1,404,059▲ $194,121
Total Net Assets Fund Balance$1,209,938$1,404,059▲ $194,121
Total Liabilities and Net Assets / Fund Balance$1,223,662$1,412,534▲ $188,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$304,465-$304,465
Equipment$10,647$78,103$88,750
Leasehold Improvements-$28,661$28,661
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John ZornArtistic DrFT$40,000$40,000
Heung Heung ChinSecretary-$13,550$13,550
Ikue MoriDirectorFT$9,000$9,000

Board Members and Trustees

NameTitle
Kazunori SugiyamaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$19,653
Program Service Revenue
$1,088,459
Investment Income
$1,660
Other Revenue
$0
All Other Contributions
$19,653
Change in Net Assets
$194,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$850,628
Salaries, Compensation, and Employee Benefits$65,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$823,668$4,209$0$827,877
Current Officers, Directors, Trustees, and Key Employees$13,550$49,000$0$62,550
Conferences and Meetings$0$15,993$0$15,993
Fees for Services Accounting$0$2,700$0$2,700
Payroll Taxes$0$2,473$0$2,473
Depreciation Depletion$0$1,494$0$1,494
Office Expenses$0$482$0$482
Other Expenses$0$275$0$275
Total Functional Expenses$837,218$78,433$0$915,651
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
13-3471757
Phone
2126820180

Signing Officer

Name
John Zorn
Title
President
Phone
2126820180
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Zorn
Formed
1988
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
18

Preparer

Preparer
Sam J Nole CPA
Phone
2126820180
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

At annual meeting and at special meeting earlier this year

Pt VI, Line 19

Upon request, as well as in organization documents

Pt VI, Line 8A

The governing body meets annually and as needed with written actions noted

Pt VI, Line 8B

Written documents kept for each committee to report to governing body

Form 990, Part III, Line 4D

The stone live music space: to support the performance 53851. 0. 42185.

Form 990, Part IX, Line 24F

Program svcs: tzadik label 506142. 506142. 0. 0. Program svcs: arcana/avant/et al 29702. 29702. 0. 0. Program svcs: stone benefit 53851. 53851. 0. 0. Perforamce expenses 219892. 219892. 0. 0. Recording expenses 2850. 2850. 0. 0. Program svcs:library/other 5231. 5231. 0. 0. Teaching 6000. 6000. 0. 0. Utilities 4209. 0. 4209. 0.

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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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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02113
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01481
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01892
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03124
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010270
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01011186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01003152
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0801018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01065514
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01133555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05014425
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01660
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01481
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01892
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010270
IRS990ScheduleA/InvestmentIncomeCYPct00.00190
IRS990ScheduleA/InvestmentIncomePYPct00.00310
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99810
IRS990ScheduleA/PublicSupportPY509Pct00.99690
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt05484635
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01108112
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01078065
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0863628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01240855
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01193975
IRS990ScheduleA/Total509Grp/TotalAmt05484635
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05494905
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0304465
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0304465
IRS990ScheduleD/EquipmentGrp/BookValueAmt010647
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078103
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088750
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028661
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt028661
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0315112
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AT ANNUAL MEETING AND AT SPECIAL MEETING EARLIER THIS YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST, AS WELL AS IN ORGANIZATION DOCUMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY MEETS ANNUALLY AND AS NEEDED WITH WRITTEN ACTIONS NOTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WRITTEN DOCUMENTS KEPT FOR EACH COMMITTEE TO REPORT TO GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE STONE LIVE MUSIC SPACE: TO SUPPORT THE PERFORMANCE 53851. 0. 42185.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROGRAM SVCS: TZADIK LABEL 506142. 506142. 0. 0. PROGRAM SVCS: ARCANA/AVANT/ET AL 29702. 29702. 0. 0. PROGRAM SVCS: STONE BENEFIT 53851. 53851. 0. 0. PERFORAMCE EXPENSES 219892. 219892. 0. 0. RECORDING EXPENSES 2850. 2850. 0. 0. PROGRAM SVCS:LIBRARY/OTHER 5231. 5231. 0. 0. TEACHING 6000. 6000. 0. 0. UTILITIES 4209. 0. 4209. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01223662
IRS990/TotalAssetsEOYAmt01412534
IRS990/TotalAssetsGrp/BOYAmt01223662
IRS990/TotalAssetsGrp/EOYAmt01412534
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt019653
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078433
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0837218
IRS990/TotalFunctionalExpensesGrp/TotalAmt0915651
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013724
IRS990/TotalLiabilitiesEOYAmt08475
IRS990/TotalLiabilitiesGrp/BOYAmt013724
IRS990/TotalLiabilitiesGrp/EOYAmt08475
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01209938
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01404059
IRS990/TotalOtherProgSrvcExpenseAmt053851
IRS990/TotalOtherProgSrvcRevenueAmt042185
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt011678
IRS990/TotalProgramServiceExpensesAmt0837218
IRS990/TotalProgramServiceRevenueAmt01088459
IRS990/TotalReportableCompFromOrgAmt062550
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01090119
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01109772
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01223662
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01412534
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01209938
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01404059
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10206 EAST 7TH ST
IRS990/USAddress/City0NEW YORK
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010009
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN ZORN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02126820180
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10HIPS ROAD INC
ReturnHeader/Filer/BusinessNameControlTxt0HIPS
ReturnHeader/Filer/EIN0133471757
ReturnHeader/Filer/PhoneNum02126820180
ReturnHeader/Filer/USAddress/AddressLine10C/O S NOLE CPA 347 FIFTH AVE
ReturnHeader/Filer/USAddress/City0New York
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010016
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10SAM J NOLE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10350 FIFTH AVE SUITE 7412
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0101187412
ReturnHeader/PreparerPersonGrp/PhoneNum02126820180
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-17

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.00$2.62$1.00$0.82$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.45$0.02$2.43$1.29$1.00$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.01$2.15$0.76$0.61$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.01$2.00$0.63$0.53$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.92$0.02$1.90$0.33$0.47$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.01$2.04$1.04$0.59$0.44
2018Detailed filing. Detailed filing data is available for this year.$1.62$0.02$1.60$0.83$0.66$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.43$0.75$0.79$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.48$0.01$1.47$0.68$0.64$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.01$1.43$0.99$0.94$0.04
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.39$0.01$1.39$0.85$0.87$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.41$0.01$1.40$1.11$0.92$0.19
2012Summary only. Only limited summary data is available for this year.$1.22$0.01$1.21$1.08$0.97$0.11
2011Summary only. Only limited summary data is available for this year.$1.11$0.01$1.10$0.87$0.64$0.23
2010Summary only. Only limited summary data is available for this year.$0.88$0.01$0.87$1.24$1.12$0.13