Civic Intelligence

Performance Space 122 Inc.

990 • Fiscal year 2015 • EIN 13-3522283

Jul 01, 2014 to Jun 30, 2015 • Filed on May 03, 2016

67 West Street No 315Brooklyn, NY 11222-2098

(212) 477-5829

Siviq Scores

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

Liabilities / Assets

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

32nd percentile

0.04x

Higher debt load relative to revenue than 32% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$87,833

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Asset Growth

97th percentile

227%

Faster asset growth than 97% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

105%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,059,199

Up $1,430,145 (+227%) from 2014

Net Assets

Up

$1,961,211

Up $1,452,469 (+286%) from 2014

Liabilities

Down

$97,988

Down $22,324 (-19%) from 2014

Revenue

Up

$2,618,544

Up $1,339,356 (+105%) from 2014

Expenses

Down

$1,164,908

Down $42,832 (-3.5%) from 2014

Net Income

Up

$1,453,636

Up $1,382,188 (+1935%) from 2014

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 2011: $830,659Liabilities 2011: $124,155Net Assets 2011: $706,5042011Assets 2012: $613,770Liabilities 2012: $59,346Net Assets 2012: $554,4242012Assets 2013: $566,498Liabilities 2013: $139,395Net Assets 2013: $427,1032013Assets 2014: $629,054Liabilities 2014: $120,312Net Assets 2014: $508,7422014Assets 2015: $2,059,199Liabilities 2015: $97,988Net Assets 2015: $1,961,2112015Assets 2016: $2,153,913Liabilities 2016: $104,637Net Assets 2016: $2,049,2762016Assets 2017: $1,808,402Liabilities 2017: $130,758Net Assets 2017: $1,677,6442017Assets 2018: $1,348,590Liabilities 2018: $219,350Net Assets 2018: $1,129,2402018Assets 2019: $1,106,243Liabilities 2019: $127,623Net Assets 2019: $978,6202019Assets 2020: $1,866,108Liabilities 2020: $396,473Net Assets 2020: $1,469,6352020Assets 2021: $1,843,709Liabilities 2021: $366,451Net Assets 2021: $1,477,2582021Assets 2022: $1,473,192Liabilities 2022: $141,044Net Assets 2022: $1,332,1482022Assets 2023: $2,599,538Liabilities 2023: $215,523Net Assets 2023: $2,384,0152023Assets 2024: $1,626,208Liabilities 2024: $168,368Net Assets 2024: $1,457,8402024

Highlighted filing

2015

Assets$2,059,199
Liabilities$97,988
Net Assets$1,961,211

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,900,541Expenses 2011: $1,346,925Net Income 2011: $553,6162011Revenue 2012: $1,397,656Expenses 2012: $1,545,426Net Income 2012: -$147,7702012Revenue 2013: $1,150,719Expenses 2013: $1,287,193Net Income 2013: -$136,4742013Revenue 2014: $1,279,188Expenses 2014: $1,207,740Net Income 2014: $71,4482014Revenue 2015: $2,618,544Expenses 2015: $1,164,908Net Income 2015: $1,453,6362015Revenue 2016: $1,932,630Expenses 2016: $1,836,204Net Income 2016: $96,4262016Revenue 2017: $999,732Expenses 2017: $1,408,090Net Income 2017: -$408,3582017Revenue 2018: $1,184,103Expenses 2018: $1,771,892Net Income 2018: -$587,7892018Revenue 2019: $2,036,999Expenses 2019: $2,094,327Net Income 2019: -$57,3282019Revenue 2020: $2,285,856Expenses 2020: $1,794,088Net Income 2020: $491,7682020Revenue 2021: $1,599,433Expenses 2021: $1,591,935Net Income 2021: $7,4982021Revenue 2022: $1,981,557Expenses 2022: $2,101,811Net Income 2022: -$120,2542022Revenue 2023: $3,607,241Expenses 2023: $2,557,315Net Income 2023: $1,049,9262023Revenue 2024: $1,923,761Expenses 2024: $2,849,936Net Income 2024: -$926,1752024

Highlighted filing

2015

Revenue$2,618,544
Expenses$1,164,908
Net Income$1,453,636
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 3, 2016
Return Version
2014v6.0
Gross Receipts
$2,711,987
Mission and Program Overview

Mission

See schedule o.performance space new york provides incomparable experiences for audiences by presenting and commissioning artists whose work challenge traditional boundaries of performance. Since its inception in 1979, perofrmance space new york has dedicated itself to supporting the creative risks taken by artists from diverse genres, cultures and perspectives. We are an innovative local, national and international leader in the contemporary performance field.

For over 3 decades, performance space 122 has been a hub for contemporary performance and an active member of the cultural community in n.y.c. And across the globe. In the past 7 years, under the curatorial vision of artistic director vallejo gantner, ps122 has developed a set of presenting programs that include commissions and presentations of new york, national and international artists working in contemporary performance, theater, dance, multi-disciplinary, new music, media and installations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$192,759$1,020,623▲ $827,864
Savings and Temporary Cash Investments$173,132$704,010▲ $530,878
Cash and Non-Interest-Bearing Accounts$12,559$160,531▲ $147,972
Investments in Publicly Traded Securities$92,368$101,038▲ $8,670
Prepaid Expenses and Deferred Charges$13,409$31,278▲ $17,869
Accounts Receivable$130,377$29,752▼ $100,625
Land, Buildings, and Equipment, Net$14,450$11,967▼ $2,483
Total Assets$629,054$2,059,199▲ $1,430,145
Liabilities
Unsecured Notes Loans Payable$60,000$60,000→ $0
Accounts Payable and Accrued Expenses$60,312$37,988▼ $22,324
Total Liabilities$120,312$97,988▼ $22,324
Net Assets / Fund Balance
Temporarily Rstr Net Assets$430,695$1,854,352▲ $1,423,657
Permanently Rstr Net Assets$232,500$232,500→ $0
Unrestricted Net Assets$-154,453$-125,641▲ $28,812
Total Net Assets Fund Balance$508,742$1,961,211▲ $1,452,469
Total Liabilities and Net Assets / Fund Balance$629,054$2,059,199▲ $1,430,145

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,644$181,758$193,402
Leasehold Improvements$323$121,548$121,871
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vallejo GantnerArtistic DirectorFT$72,108$15,725$87,833

Board Members and Trustees

NameTitle
Ivan MartinezPresident
Charles KerrVice President
Adam NicholsBoard Member
Ain GordonBoard Member
Alina TroyanoBoard Member
Anne DenninBoard Member
Eliot ScheierBoard Member
Frank SpelmanBoard Member
Jesse HernreichBoard Member
Justin Vivian BondBoard Member
Kambiz ShekdarBoard Member
Ken DaleBoard Member
Lionel OhayanBoard Member
Michael RichBoard Member
Suzanne GeissBoard Member
Enrico CiottiSecretary
Jason TsouTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,490,402
Program Service Revenue
$119,680
Investment Income
$7,111
Other Revenue
$1,351
All Other Contributions
$1,966,561
Change in Net Assets
$1,453,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,618,544
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$203,242
Total Revenue per Audited Statements
$2,821,786
Total Revenue per Form 990
$2,618,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$633,326
Other Expenses$531,582
Total Fundraising Expense$184,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$233,956$107,210$90,799$431,965
Fees for Services Other$236,266$1,694$35,400$273,360
Current Officers, Directors, Trustees, and Key Employees$64,489$15,685$11,233$91,407
Other Employee Benefits$40,537$15,822$13,130$69,489
Occupancy$38,543$10,635$4,963$54,141
Payroll Taxes$23,137$9,468$7,860$40,465
Office Expenses$26,847$4,229$7,599$38,675
Advertising$34,207--$34,207
Fees for Services Accounting-$21,295-$21,295
Insurance$11,272$3,757$2,941$17,970
Travel$15,456$2,165-$17,621
Depreciation Depletion$3,199$1,066$835$5,100
Interest-$2,974-$2,974
Other Expenses$32$1,516$1,007$1,039
Total Functional Expenses$783,197$197,516$184,195$1,164,908

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,369,317
Expenses per Audited Statements$1,164,908
Total Expenses per Form 990$1,164,908
Expenses Not Reported on Form 990$204,409
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificFundraising - Australia-00-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$93,443
Fundraising Gross Income$93,443
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$341,846$93,443$12,498$80,945
Total Events$341,846$93,443$93,443$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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The managing director and finance committee review and approve a draft of form 990 prior to filing.

Form 990, Part VI, Section B, Line 12

At the october annual meeting of the board of trustees the secretary reviews the policy and each board member is asked to sign an annual disclosure form. Procedures for the dealing with conflicts when they are determined, are detailed in the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

Each year salaries are approved by the board as part of the annual budget approval process. In addition, at the beginning of each fiscal year the board president signs off on the artistic director and managing director's employment letters stating their salary and benefit received. Research on salary levels for peer organization is shared with the board.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Performance Space 122 Inc
EIN
13-3522283
Phone
2124775829
Address
67 WEST STREET NO 315, BROOKLYN, NY 11222-2098

Signing Officer

Name
Ivan Martinez
Title
President
Phone
2124775829
Signed
2016-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ivan Martinez
Formed
1979
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
44
Volunteers
50

Preparer

Firm
Lutz and Carr Cpas Llp
Address
300 EAST 42ND STREET, NEW YORK, NY 10017
Preparer
Frederick Martens
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Event consultant: program service expenses 0. Management and general expenses 0. Fundraising expenses 33,400. Total expenses 33,400. Artistic fees/per diems: program service expenses 186,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 186,167. Press representative: program service expenses 24,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,000. Graphic design: program service expenses 21,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,700. Other fees: program service expenses 4,399. Management and general expenses 1,694. Fundraising expenses 2,000. Total expenses 8,093.

Financial Statement Notes

PART X, LINE 2:

Management has evaluated all income tax positions and concluded that no disclosures relating to uncertain positions are required in the financial statements.

Raw XML AppendixShowing 400 of 561 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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IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.17$1.46$1.92$2.85$0.93
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.22$2.38$3.61$2.56$1.05
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.14$1.33$1.98$2.10$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.84$0.37$1.48$1.60$1.59$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.87$0.40$1.47$2.29$1.79$0.49
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.13$0.98$2.04$2.09$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.35$0.22$1.13$1.18$1.77$0.59
2017Detailed filing. Detailed filing data is available for this year.$1.81$0.13$1.68$1.00$1.41$0.41
2016Detailed filing. Detailed filing data is available for this year.$2.15$0.10$2.05$1.93$1.84$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.10$1.96$2.62$1.16$1.45
2014Summary only. Only limited summary data is available for this year.$0.63$0.12$0.51$1.28$1.21$0.07
2013Summary only. Only limited summary data is available for this year.$0.57$0.14$0.43$1.15$1.29$0.14
2012Summary only. Only limited summary data is available for this year.$0.61$0.06$0.55$1.40$1.55$0.15
2011Summary only. Only limited summary data is available for this year.$0.83$0.12$0.71$1.90$1.35$0.55
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits