Civic Intelligence

The Tara Circle Inc

990 • Fiscal year 2021 • EIN 13-3700821

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

CO Glc 100 Summit Lake Dr Ste 120Valhalla, NY 10595

(914) 964-8272

Siviq Scores

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

Liabilities / Assets

56th percentile

0.06x

Higher debt load relative to assets than 56% of similar nonprofits.

2021 filings • NTEE A • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.56x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • NTEE A • $5M-$10M nonprofits • Source year 2021

Net Margin

6th percentile

-36%

Higher net margin than 6% of similar nonprofits.

2021 filings • NTEE A • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE A • $5M-$10M nonprofits • Source year 2021

Asset Growth

28th percentile

4.3%

Faster asset growth than 28% of similar nonprofits.

2021 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

56th percentile

24%

Faster revenue growth than 56% of similar nonprofits.

2021 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$5,032,825

Up $208,073 (+4.3%) from 2020

Net Assets

Up

$4,752,760

Up $199,573 (+4.4%) from 2020

Liabilities

Up

$280,065

Up $8,500 (+3.1%) from 2020

Revenue

Up

$503,977

Up $96,381 (+24%) from 2020

Expenses

Up

$686,689

Up $446,844 (+186%) from 2020

Net Income

Down

-$182,712

Down $350,463 (-209%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $885,039Liabilities 2011: $722,225Net Assets 2011: $162,8142011Assets 2012: $1,117,208Liabilities 2012: $688,372Net Assets 2012: $428,8362012Assets 2013: $1,206,490Liabilities 2013: $705,421Net Assets 2013: $501,0692013Assets 2014: $4,256,904Liabilities 2014: $629,065Net Assets 2014: $3,627,8392014Assets 2015: $3,806,046Liabilities 2015: $316,565Net Assets 2015: $3,489,4812015Assets 2016: $3,943,474Liabilities 2016: $291,565Net Assets 2016: $3,651,9092016Assets 2017: $4,221,246Liabilities 2017: $298,929Net Assets 2017: $3,922,3172017Assets 2018: $3,861,255Liabilities 2018: $276,565Net Assets 2018: $3,584,6902018Assets 2019: $4,541,390Liabilities 2019: $303,452Net Assets 2019: $4,237,9382019Assets 2020: $4,824,752Liabilities 2020: $271,565Net Assets 2020: $4,553,1872020Assets 2021: $5,032,825Liabilities 2021: $280,065Net Assets 2021: $4,752,7602021Assets 2022: $4,012,327Liabilities 2022: $571,565Net Assets 2022: $3,440,7622022Assets 2023: $4,000,525Liabilities 2023: $403,240Net Assets 2023: $3,597,2852023

Highlighted filing

2021

Assets$5,032,825
Liabilities$280,065
Net Assets$4,752,760

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $241,391Expenses 2011: $334,234Net Income 2011: -$92,8432011Revenue 2012: $664,215Expenses 2012: $398,491Net Income 2012: $265,7242012Revenue 2013: $470,871Expenses 2013: $398,638Net Income 2013: $72,2332013Revenue 2014: $4,634,625Expenses 2014: $355,790Net Income 2014: $4,278,8352014Revenue 2015: $46,157Expenses 2015: $68,431Net Income 2015: -$22,2742015Revenue 2016: $46,299Expenses 2016: $92,915Net Income 2016: -$46,6162016Revenue 2017: $131,636Expenses 2017: $187,870Net Income 2017: -$56,2342017Revenue 2018: $249,014Expenses 2018: $177,900Net Income 2018: $71,1142018Revenue 2019: $171,233Expenses 2019: $203,529Net Income 2019: -$32,2962019Revenue 2020: $407,596Expenses 2020: $239,845Net Income 2020: $167,7512020Revenue 2021: $503,977Expenses 2021: $686,689Net Income 2021: -$182,7122021Revenue 2022: $230,419Expenses 2022: $577,444Net Income 2022: -$347,0252022Revenue 2023: $240,575Expenses 2023: $466,145Net Income 2023: -$225,5702023

Highlighted filing

2021

Revenue$503,977
Expenses$686,689
Net Income-$182,712
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$1,194,997
Mission and Program Overview

Mission

Foster the interest and awareness of irish - american culture by sponsoring classes in irish music, dance, history, language, art and literature.

Foster the interest and awareness of irish - american culture

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,551,849$4,836,451▲ $284,602
Savings and Temporary Cash Investments$125,241$79,663▼ $45,578
Cash and Non-Interest-Bearing Accounts$39,219$11,007▼ $28,212
Land, Buildings, and Equipment, Net$7,052$5,213▼ $1,839
Prepaid Expenses and Deferred Charges$900--
Total Assets$4,824,752$5,032,825▲ $208,073
Other Assets Total$100,491$100,491→ $0
Liabilities
Other Liabilities$271,565$271,565→ $0
Accounts Payable and Accrued Expenses$4,000$8,500▲ $4,500
Total Liabilities$275,565$280,065▲ $4,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,549,187$4,752,760▲ $203,573
Total Net Assets Fund Balance$4,549,187$4,752,760▲ $203,573
Total Liabilities and Net Assets / Fund Balance$4,824,752$5,032,825▲ $208,073

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,213$3,986$9,199
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cyril J HughesChairman
James RiceChairman Emeritus
James McquaidVice-president
Catherine MarshallDirector
Eileen a CareyDirector
Kevin HartnettDirector
Michael MorleyDirector
Robert G StaufDirector
Thomas GormleyDirector
Tom BradyDirector
Maeve GriffinFinancial Secretary
Catherine T HoganSecretary
Thomas P HincheyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$503,977
Other Revenue
$0
Change in Net Assets
$-182,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$547,000
Other Expenses$139,689
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$547,000--$547,000
Fees for Service Investment Mgmnt Fees-$56,237-$56,237
Fees for Services Other$36,080$4,920-$41,000
Other Expenses$9,940--$9,940
Fees for Services Accounting-$4,500-$4,500
Office Expenses$1,638$2,199-$3,837
Advertising$3,030--$3,030
Conferences and Meetings$933$932-$1,865
Depreciation Depletion$1,840--$1,840
Occupancy$669$669-$1,338
Insurance-$1,102-$1,102
Total Functional Expenses$616,130$70,559$0$686,689
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aisling CenterYonkers, NY501(c)(3)Building Fund and Ceili Band$530,000
Solace HouseYonkers, NY501(c)(3)General Assistance$10,000
Tunnel to TowersStaten Island, NY501(c)(3)General Assistance$5,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Subvention Certificates Payable$271,565
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members consisting of organizations and individuals

Form 990, Part VI, Section A, Line 7A

The members of the organization have the power to vote and elect the officers and directors.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an outside accounting firm and the treasurer is charged with the review of form 990 before filing.

Form 990, Part VI, Section C, Line 18

The organization provides a hard copy of the documents upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Tara Circle Inc
EIN
13-3700821
Phone
9149648272
Address
CO GLC 100 SUMMIT LAKE DR STE 120, VALHALLA, NY 10595

Signing Officer

Name
Thomas Hinchey
Title
Treasurer
Phone
9147479000
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Hinchey
Formed
1994
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Goldstein Lieberman & Co LLC
Address
100 SUMMIT LAKE DRIVE SUITE 120, VALHALLA, NY 10595
Preparer
Rebecca Drechsel
Phone
9147479000
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IRS990/PYRevenuesLessExpensesAmt0167751
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0239845
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0407596
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-182712
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0125241
IRS990/SavingsAndTempCashInvstGrp/EOYAmt079663
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04600
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt073088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt072296
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt076287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt070878
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt069512
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0362061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt073088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt072296
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt076287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt070878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt069512
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0362061
IRS990ScheduleA/InvestmentIncomeCYPct00.98750
IRS990ScheduleA/PrivateFoundation509Ind0X
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.01250
IRS990ScheduleA/PublicSupportPY509Pct00.03060
IRS990ScheduleA/PublicSupportTotal509Amt04600
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0600
IRS990ScheduleA/Total509Grp/TotalAmt04600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt073088
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt072296
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt080287
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt070878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt070112
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0366661
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05213
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03986
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0271565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUBVENTION CERTIFICATES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05213
IRS990ScheduleD/TotalLiabilityAmt0271565
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/CashGrantAmt2530000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2BUILDING FUND AND CEILI BAND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SOLACE HOUSE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TUNNEL TO TOWERS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2AISLING CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0472629761
IRS990ScheduleI/RecipientTable/RecipientEIN1020554654
IRS990ScheduleI/RecipientTable/RecipientEIN2133919126
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0303 MCLAIN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12361 HYLAN BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2990 MCLEAN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0YONKERS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1STATEN ISLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm2YONKERS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010705
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110306
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd210704
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ON THE GRANT TO AISLING CENTER, THE BOARD REVIEWS INVOICES AND COMPARES TO PROGRESS REPORTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS CONSISTING OF ORGANIZATIONS AND INDIVIDUALS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ORGANIZATION HAVE THE POWER TO VOTE AND ELECT THE OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND THE TREASURER IS CHARGED WITH THE REVIEW OF FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES A HARD COPY OF THE DOCUMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04824752
IRS990/TotalAssetsEOYAmt05032825
IRS990/TotalAssetsGrp/BOYAmt04824752
IRS990/TotalAssetsGrp/EOYAmt05032825
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt070559
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0616130
IRS990/TotalFunctionalExpensesGrp/TotalAmt0686689
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0275565
IRS990/TotalLiabilitiesEOYAmt0280065
IRS990/TotalLiabilitiesGrp/BOYAmt0275565
IRS990/TotalLiabilitiesGrp/EOYAmt0280065
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04549187
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04752760
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0616130
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0503977
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0503977
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04824752
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05032825

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