Civic Intelligence

Audio Publishers Association

990 • Fiscal year 2016 • EIN 13-3614862

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

333 Hudson StreetNew York, NY 10013

(215) 564-3484

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.27x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.40x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

49th percentile

3.5%

Higher net margin than 49% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$51,629

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

55th percentile

5.5%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

1.4%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$796,550

Up $41,438 (+5.5%) from 2015

Net Assets

Up

$581,642

Up $18,636 (+3.3%) from 2015

Liabilities

Up

$214,908

Up $22,802 (+12%) from 2015

Revenue

Up

$535,647

Up $7,339 (+1.4%) from 2015

Expenses

Up

$517,011

Up $47,210 (+10%) from 2015

Net Income

Down

$18,636

Down $39,871 (-68%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $376,354Liabilities 2010: $101,490Net Assets 2010: $274,8642010Assets 2011: $467,668Liabilities 2011: $129,850Net Assets 2011: $337,8182011Assets 2012: $527,432Liabilities 2012: $118,425Net Assets 2012: $409,0072012Assets 2013: $631,818Liabilities 2013: $107,059Net Assets 2013: $524,7592013Assets 2014: $618,124Liabilities 2014: $113,625Net Assets 2014: $504,4992014Assets 2015: $755,112Liabilities 2015: $192,106Net Assets 2015: $563,0062015Assets 2016: $796,550Liabilities 2016: $214,908Net Assets 2016: $581,6422016Assets 2017: $939,952Liabilities 2017: $261,210Net Assets 2017: $678,7422017Assets 2018: $941,512Liabilities 2018: $263,792Net Assets 2018: $677,7202018Assets 2019: $1,063,878Liabilities 2019: $342,715Net Assets 2019: $721,1632019Assets 2020: $1,167,799Liabilities 2020: $389,339Net Assets 2020: $778,4602020Assets 2021: $1,273,582Liabilities 2021: $366,216Net Assets 2021: $907,3662021Assets 2022: $1,413,411Liabilities 2022: $435,656Net Assets 2022: $977,7552022Assets 2023: $1,439,528Liabilities 2023: $446,765Net Assets 2023: $992,7632023Assets 2024: $1,574,463Liabilities 2024: $507,697Net Assets 2024: $1,066,7662024

Highlighted filing

2016

Assets$796,550
Liabilities$214,908
Net Assets$581,642

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $422,3802010Expenses 2011: $328,3022011Expenses 2012: $380,9042012Revenue 2013: $510,910Expenses 2013: $395,158Net Income 2013: $115,7522013Revenue 2014: $499,057Expenses 2014: $519,317Net Income 2014: -$20,2602014Revenue 2015: $528,308Expenses 2015: $469,801Net Income 2015: $58,5072015Revenue 2016: $535,647Expenses 2016: $517,011Net Income 2016: $18,6362016Revenue 2017: $637,673Expenses 2017: $540,573Net Income 2017: $97,1002017Revenue 2018: $711,980Expenses 2018: $713,002Net Income 2018: -$1,0222018Revenue 2019: $682,721Expenses 2019: $639,278Net Income 2019: $43,4432019Revenue 2020: $603,098Expenses 2020: $545,801Net Income 2020: $57,2972020Revenue 2021: $699,462Expenses 2021: $570,556Net Income 2021: $128,9062021Revenue 2022: $706,460Expenses 2022: $636,071Net Income 2022: $70,3892022Revenue 2023: $1,196,281Expenses 2023: $1,181,273Net Income 2023: $15,0082023Revenue 2024: $949,090Expenses 2024: $875,087Net Income 2024: $74,0032024

Highlighted filing

2016

Revenue$535,647
Expenses$517,011
Net Income$18,636
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$535,647
Mission and Program Overview

Mission

To advance the profession of audio publishing by means of monthly e-newsletter and trade shows to heighten awareness of spoken word audio.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$368,106$562,036▲ $193,930
Cash and Non-Interest-Bearing Accounts$321,603$182,114▼ $139,489
Prepaid Expenses and Deferred Charges$56,828$43,595▼ $13,233
Accounts Receivable$8,575$8,805▲ $230
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$755,112$796,550▲ $41,438
Other Assets Total-$0-
Liabilities
Deferred Revenue$182,200$214,908▲ $32,708
Accounts Payable and Accrued Expenses$9,906--
Total Liabilities$192,106$214,908▲ $22,802
Net Assets / Fund Balance
Unrestricted Net Assets$563,006$581,642▲ $18,636
Total Net Assets Fund Balance$563,006$581,642▲ $18,636
Total Liabilities and Net Assets / Fund Balance$755,112$796,550▲ $41,438
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michele CobbExecutive DirectorPT$51,629$51,629

Board Members and Trustees

NameTitle
Linda LeePresident
Anthony GoffVice President
Beth AndersonDirector
Heather DaltonDirector
Jessica KayeDirector
Mary Beth RocheDirector
Patrick DeeringDirector
Robin WhittenDirector
Stefan RudnickiDirector
Steve RutbergDirector
Tavia GilbertDirector
Ana Maria AllessiAssistant VP
Janet BensonSecretary
Sean McmanusTreasurer
Suzanne GalvezVP Member Comm
Revenue and Support

Revenue Composition

Contributions and Grants
$163,436
Program Service Revenue
$371,298
Investment Income
$913
Other Revenue
$0
Change in Net Assets
$18,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$465,382
Salaries, Compensation, and Employee Benefits$51,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$140,382--$140,382
Fees for Services Management-$79,004-$79,004
Current Officers, Directors, Trustees, and Key Employees-$51,629-$51,629
Advertising$39,121--$39,121
Information Technology$22,733--$22,733
Fees for Services Legal-$17,225-$17,225
Travel$6,566--$6,566
Fees for Services Accounting-$3,334-$3,334
Insurance-$1,496-$1,496
Office Expenses-$912-$912
Other Expenses$7,232$199-$199
All Other Expenses-$75-$75
Total Functional Expenses$348,077$168,934$0$517,011
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Electronic draft copies are sent to the executive director of the association for dissemination to the board of directors with written instructions to review and approve the form in accordance with irs regulations. Written comments and questions by the board, if any, are sent to the accountant for responses. Otherwise, each board member signs off on the written instruction sheet that they approve of form 990 as prepared.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board are required to sign a document stating that they have no conflicts of interest between them and any outside parties that would diminish their capacity to serve; this procedure is done on an yearly basis.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Any member of the general public may appear at the management offices of the association and request to inspect copies of:- association governing documents- conflict of interest policy- financial statements- form 990

FORM 990, PART VI, SECTION A, LINE 3:

The organization has engaged the services of black spot, llc to manage its affairs.

FORM 990, PART VI, SECTION A, LINE 6:

The organization has members.the organization's bylaws provide that only the board of directors shall have the right to vote on any matter under the bylaws, including but not limited to, the right to vote for the election of a director or directors, or on the disposition of all or substantially all of the assets, or on a dissolution, or on any changes to the articles of incorporation or the bylaws.

FORM 990, PART VI, SECTION A, LINE 7A:

The board of directors establishes the policies governing the counduct of elections. At the annual meetings a majority of the voting members present and voting shall elect such number of directors as necessary to fill vacancies of directors whose terms expired as of such meeting.

Filing and Contact Details

Filer

Filer Name
Audio Publishers Association
EIN
13-3614862
Phone
2155643484
Address
333 HUDSON STREET, NEW YORK, NY 10013

Signing Officer

Name
Michele Cobb
Title
Executive Director
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Cobb
Formed
1987
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Anthony J Cassar CPA Pc
Address
150 Broadhollow Rd Suite PH 11, Melville, NY 11747
Preparer
Laura Marques
Phone
5167717900
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP MEMBER COMM
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT VP
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Executive Dir.
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IRS990/MissionDesc0TO ADVANCE THE PROFESSION OF AUDIO PUBLISHING BY MEANS OF MONTHLY E-NEWSLETTER AND TRADE SHOWS TO HEIGHTEN AWARENESS OF SPOKEN WORD AUDIO.
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IRS990/OtherExpensesGrp/Desc1BANK/CC FEES
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043595
IRS990/PrincipalOfficerNm0MICHELE COBB
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELECTRONIC DRAFT COPIES ARE SENT TO THE EXECUTIVE DIRECTOR OF THE ASSOCIATION FOR DISSEMINATION TO THE BOARD OF DIRECTORS WITH WRITTEN INSTRUCTIONS TO REVIEW AND APPROVE THE FORM IN ACCORDANCE WITH IRS REGULATIONS. WRITTEN COMMENTS AND QUESTIONS BY THE BOARD, IF ANY, ARE SENT TO THE ACCOUNTANT FOR RESPONSES. OTHERWISE, EACH BOARD MEMBER SIGNS OFF ON THE WRITTEN INSTRUCTION SHEET THAT THEY APPROVE OF FORM 990 AS PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD ARE REQUIRED TO SIGN A DOCUMENT STATING THAT THEY HAVE NO CONFLICTS OF INTEREST BETWEEN THEM AND ANY OUTSIDE PARTIES THAT WOULD DIMINISH THEIR CAPACITY TO SERVE; THIS PROCEDURE IS DONE ON AN YEARLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MEMBER OF THE GENERAL PUBLIC MAY APPEAR AT THE MANAGEMENT OFFICES OF THE ASSOCIATION AND REQUEST TO INSPECT COPIES OF:- ASSOCIATION GOVERNING DOCUMENTS- CONFLICT OF INTEREST POLICY- FINANCIAL STATEMENTS- FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS ENGAGED THE SERVICES OF BLACK SPOT, LLC TO MANAGE ITS AFFAIRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS MEMBERS.THE ORGANIZATION'S BYLAWS PROVIDE THAT ONLY THE BOARD OF DIRECTORS SHALL HAVE THE RIGHT TO VOTE ON ANY MATTER UNDER THE BYLAWS, INCLUDING BUT NOT LIMITED TO, THE RIGHT TO VOTE FOR THE ELECTION OF A DIRECTOR OR DIRECTORS, OR ON THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, OR ON A DISSOLUTION, OR ON ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ESTABLISHES THE POLICIES GOVERNING THE COUNDUCT OF ELECTIONS. AT THE ANNUAL MEETINGS A MAJORITY OF THE VOTING MEMBERS PRESENT AND VOTING SHALL ELECT SUCH NUMBER OF DIRECTORS AS NECESSARY TO FILL VACANCIES OF DIRECTORS WHOSE TERMS EXPIRED AS OF SUCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 7A:
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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.$1.57$0.51$1.07$0.95$0.88$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.45$0.99$1.20$1.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.44$0.98$0.71$0.64$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.37$0.91$0.70$0.57$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.39$0.78$0.60$0.55$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.34$0.72$0.68$0.64$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.26$0.68$0.71$0.71$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.26$0.68$0.64$0.54$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.21$0.58$0.54$0.52$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.19$0.56$0.53$0.47$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.11$0.50$0.50$0.52$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.11$0.52$0.51$0.40$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.12$0.41$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.13$0.34$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.10$0.27$0.42