Civic Intelligence

Daniel Ferro Vocal Program Inc.

990 • Fiscal year 2016 • EIN 13-3715710

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

575 MADISON AVE Room 1006New York, NY 10022

(212) 605-0594

Siviq Scores

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

Liabilities / Assets

100th percentile

78.30x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.76x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

26th percentile

-7.7%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Revenue Growth

38th percentile

-7.1%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,128

Up $2,585 (+177%) from 2015

Net Assets

Down

-$87,198

Down $8,924 (-11%) from 2015

Liabilities

Up

$88,326

Up $11,509 (+15%) from 2015

Revenue

Down

$116,187

Down $8,831 (-7.1%) from 2015

Expenses

Up

$125,111

Up $2,896 (+2.4%) from 2015

Net Income

Down

-$8,924

Down $11,727 (-418%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2009: $1,158Liabilities 2009: $141,412Net Assets 2009: -$140,2542009Assets 2010: -$63Liabilities 2010: $94,577Net Assets 2010: -$94,6402010Assets 2011: -$765Liabilities 2011: $82,917Net Assets 2011: -$83,6822011Assets 2012: $3,686Liabilities 2012: $70,737Net Assets 2012: -$67,0512012Assets 2013: -$6,890Liabilities 2013: $74,052Net Assets 2013: -$80,9422013Assets 2014: -$2,245Liabilities 2014: $78,832Net Assets 2014: -$81,0772014Assets 2015: -$1,457Liabilities 2015: $76,817Net Assets 2015: -$78,2742015Assets 2016: $1,128Liabilities 2016: $88,326Net Assets 2016: -$87,1982016Assets 2017: $11Liabilities 2017: $61,893Net Assets 2017: -$61,8822017Assets 2018: $5Liabilities 2018: $58,330Net Assets 2018: -$58,3252018Assets 2019: $0Liabilities 2019: $53,511Net Assets 2019: -$53,5112019Assets 2020: $19,835Liabilities 2020: $117,112Net Assets 2020: -$97,2772020Assets 2021: $83,563Liabilities 2021: $159,072Net Assets 2021: -$75,5092021Assets 2022: $2,536Liabilities 2022: $126,159Net Assets 2022: -$123,6232022Assets 2023: $4,285Liabilities 2023: $200,557Net Assets 2023: -$196,2722023Assets 2024: $255Liabilities 2024: $192,952Net Assets 2024: -$192,6972024

Highlighted filing

2016

Assets$1,128
Liabilities$88,326
Net Assets-$87,198

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2009: $174,584Expenses 2009: $151,432Net Income 2009: $23,1522009Revenue 2010: $233,428Expenses 2010: $187,814Net Income 2010: $45,6142010Expenses 2011: $226,7692011Expenses 2012: $196,5632012Revenue 2013: $111,076Expenses 2013: $124,967Net Income 2013: -$13,8912013Revenue 2014: $83,287Expenses 2014: $83,422Net Income 2014: -$1352014Revenue 2015: $125,018Expenses 2015: $122,215Net Income 2015: $2,8032015Revenue 2016: $116,187Expenses 2016: $125,111Net Income 2016: -$8,9242016Revenue 2017: $100,858Expenses 2017: $75,542Net Income 2017: $25,3162017Revenue 2018: $122,409Expenses 2018: $118,852Net Income 2018: $3,5572018Revenue 2019: $113,925Expenses 2019: $109,111Net Income 2019: $4,8142019Revenue 2020: $35,633Expenses 2020: $79,399Net Income 2020: -$43,7662020Revenue 2021: $176,221Expenses 2021: $154,453Net Income 2021: $21,7682021Revenue 2022: $109,540Expenses 2022: $157,654Net Income 2022: -$48,1142022Revenue 2023: $62,749Expenses 2023: $135,398Net Income 2023: -$72,6492023Revenue 2024: $124,417Expenses 2024: $120,842Net Income 2024: $3,5752024

Highlighted filing

2016

Revenue$116,187
Expenses$125,111
Net Income-$8,924
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$116,187
Mission and Program Overview

Mission

Provide singers with a professional vocal program

To provide singers with a professional vocal training program

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$76,817$63,326▼ $13,491
Cash and Non-Interest-Bearing Accounts$-1,457$1,128▲ $2,585
Total Assets$-1,457$1,128▲ $2,585
Liabilities
Deferred Revenue-$25,000-
Total Liabilities$76,817$88,326▲ $11,509
Net Assets / Fund Balance
Unrestricted Net Assets$-78,274$-87,198▼ $8,924
Total Net Assets Fund Balance$-78,274$-87,198▼ $8,924
Total Liabilities and Net Assets / Fund Balance$-1,457$1,128▲ $2,585
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joy FerroPresident/ Trasurer
Dina J PriscoSecy
Revenue and Support

Revenue Composition

Contributions and Grants
$72,691
Program Service Revenue
$43,496
Investment Income
$0
Other Revenue
$0
All Other Contributions
$72,691
Change in Net Assets
$-8,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,841
Salaries, Compensation, and Employee Benefits$15,270
Total Fundraising Expense$4,867
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$53,883$3,500-$57,383
Other Salaries and Wages$15,270--$15,270
Travel$11,700--$11,700
All Other Expenses-$4,328-$4,328
Fees for Services Accounting-$2,750-$2,750
Advertising$1,532--$1,532
Information Technology$1,305--$1,305
Other Expenses$992$5,519$4,867$992
Total Functional Expenses$102,982$17,262$4,867$125,111
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$76,817$63,326▼ $13,491
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
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

Governance Explanations

Form 990, Part VI, Section B, Line 11

Prior to filing the 990 is discussed at a board meeting

Form 990, Part VI, Section B, Line 12

Each year the board members sign a conflict of interest statement

Form 990, Part VI, Section C, Line 19

Upon request organization documents are made available in the office.

Filing and Contact Details

Filer

Filer Name
Daniel Ferro Vocal Program Inc
EIN
13-3715710
Phone
2126050594
Address
575 MADISON AVE Room 1006, NEW YORK, NY 10022

Signing Officer

Name
jOY fERRO
Title
pRESIDENT
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Ferro
Formed
2000
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Barry Popick CPA
Address
2048 Williamsbridge Road, Bronx, NY 10461
Preparer
Barry Popick
Phone
7325478437
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0102982
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076817
IRS990/TotalLiabilitiesEOYAmt088326
IRS990/TotalLiabilitiesGrp/BOYAmt076817
IRS990/TotalLiabilitiesGrp/EOYAmt088326
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-78274
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-87198
IRS990/TotalProgramServiceExpensesAmt0102982
IRS990/TotalProgramServiceRevenueAmt043496
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116187
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0-1457
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01128
IRS990/TravelGrp/ProgramServicesAmt011700
IRS990/TravelGrp/TotalAmt011700
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-78274
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-87198
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0575 MADISON AVE
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010022
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.FERROVOCALPROGRAM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0jOY fERRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0pRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DANIEL FERRO VOCAL PROGRAM INC
ReturnHeader/Filer/BusinessNameControlTxt0DANI
ReturnHeader/Filer/EIN0133715710
ReturnHeader/Filer/PhoneNum02126050594
ReturnHeader/Filer/USAddress/AddressLine1Txt0575 MADISON AVE Room 1006
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010022
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0152CB96F77FFF36A717BE6034DD1BD298869907B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0152CB96F77FFF36A717BE6034DD1BD298869907B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.190.69.31
ReturnHeader/FilingSecurityInformation/IPDt02017-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm022:38:09
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barry Popick CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02048 Williamsbridge Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bronx
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010461
ReturnHeader/PreparerPersonGrp/PhoneNum07325478437
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barry Popick
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-14T05:39:06-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$1.93$1.93$1.24$1.21$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.04$2.01$1.96$0.63$1.35$0.73
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$1.26$1.24$1.10$1.58$0.48
2021Detailed filing. Detailed filing data is available for this year.$0.84$1.59$0.76$1.76$1.54$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$1.17$0.97$0.36$0.79$0.44
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.54$0.54$1.14$1.09$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.58$0.58$1.22$1.19$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.62$0.62$1.01$0.76$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.88$0.87$1.16$1.25$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.77$0.78$1.25$1.22$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.79$0.81$0.83$0.83$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.07$0.74$0.81$1.11$1.25$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.71$0.67$1.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.83$0.84$2.27
2010Summary only. Only limited summary data is available for this year.$0.00$0.95$0.95$2.33$1.88$0.46
2009Summary only. Only limited summary data is available for this year.$0.01$1.41$1.40$1.75$1.51$0.23