Civic Intelligence

World Studio Foundation Inc

990 • Fiscal year 2017 • EIN 13-3776523

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

Organization ProfileWWW.WORLDSTUDIO.ORG
1239 BroadwayNew York, NY 10001

(212) 366-1317

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.18x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

0.23x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Net Margin

9th percentile

-128%

Higher net margin than 9% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Asset Growth

3rd percentile

-51%

Faster asset growth than 3% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-80%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$56,783

Down $59,079 (-51%) from 2016

Net Assets

Down

$46,366

Down $59,137 (-56%) from 2016

Liabilities

Up

$10,417

Up $58 (+0.6%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin9th percentile

Revenue

Down

$46,238

Down $185,989 (-80%) from 2016

Expenses

Down

$105,375

Down $79,205 (-43%) from 2016

Net Income

Down

-$59,137

Down $106,784 (-224%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$200K$150K$100K$50K$0Assets 2011: $114,991Liabilities 2011: $5,675Net Assets 2011: $109,3162011Assets 2012: $153,021Liabilities 2012: $0Net Assets 2012: $153,0212012Assets 2013: $183,580Liabilities 2013: $10,061Net Assets 2013: $173,5192013Assets 2014: $115,403Liabilities 2014: $88Net Assets 2014: $115,3152014Assets 2015: $128,043Liabilities 2015: $5,069Net Assets 2015: $122,9742015Assets 2016: $115,862Liabilities 2016: $10,359Net Assets 2016: $105,5032016Assets 2017: $56,783Liabilities 2017: $10,417Net Assets 2017: $46,3662017Assets 2018: $47,901Liabilities 2018: $11,626Net Assets 2018: $36,2752018Assets 2019: $38,685Liabilities 2019: $0Net Assets 2019: $38,6852019Assets 2020: $39,352Liabilities 2020: $0Net Assets 2020: $39,3522020Assets 2021: $43,801Liabilities 2021: $0Net Assets 2021: $43,8012021

Highlighted filing

2017

Assets$56,783
Liabilities$10,417
Net Assets$46,366
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $132,424Expenses 2011: $201,839Net Income 2011: -$69,4152011Revenue 2012: $171,679Expenses 2012: $127,974Net Income 2012: $43,7052012Revenue 2013: $153,636Expenses 2013: $133,138Net Income 2013: $20,4982013Revenue 2014: $96,718Expenses 2014: $159,946Net Income 2014: -$63,2282014Revenue 2015: $140,500Expenses 2015: $132,841Net Income 2015: $7,6592015Revenue 2016: $232,227Expenses 2016: $184,580Net Income 2016: $47,6472016Revenue 2017: $46,238Expenses 2017: $105,375Net Income 2017: -$59,1372017Revenue 2018: $120,697Expenses 2018: $130,788Net Income 2018: -$10,0912018Revenue 2019: $112,925Expenses 2019: $110,515Net Income 2019: $2,4102019Revenue 2020: $2,947Expenses 2020: $2,280Net Income 2020: $6672020Revenue 2021: $5,717Expenses 2021: $1,030Net Income 2021: $4,6872021

Highlighted filing

2017

Revenue$46,238
Expenses$105,375
Net Income-$59,137
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.2
Gross Receipts
$55,838
Mission and Program Overview

Mission

To increase diversity in design profession.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$105,503$46,366▼ $59,137
Investments in Publicly Traded Securities$50,568$44,639▼ $5,929
Cash and Non-Interest-Bearing Accounts$64,071$10,991▼ $53,080
Land, Buildings, and Equipment, Net$1,223$1,153▼ $70
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$115,862$56,783▼ $59,079
Other Assets Total-$0-
Liabilities
Other Liabilities$10,359$10,417▲ $58
Total Liabilities$10,359$10,417▲ $58
Net Assets / Fund Balance
Total Net Assets Fund Balance$105,503$46,366▼ $59,137
Total Liabilities and Net Assets / Fund Balance$115,862$56,783▼ $59,079

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,153$7,382$8,535
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Mark RandallPresident
Tom KokenVice President
Francesca CambareriTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,643
Program Service Revenue
$34,438
Investment Income
$4,157
Other Revenue
$0
All Other Contributions
$5,143
Change in Net Assets
$-59,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,175
Grants and Similar Amounts Paid$25,200
Total Fundraising Expense$5,010
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$21,800--$21,800
Grants to Domestic Orgs$3,400--$3,400
All Other Expenses$198$205$200$603
Other Expenses$135$140$135$410
Advertising$56$58$56$170
Fees for Service Investment Mgmnt Fees$25$25$25$75
Depreciation Depletion$23$24$23$70
Insurance$20$20$20$60
Office Expenses$19$20$19$58
Total Functional Expenses$30,209$70,156$5,010$105,375
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans and exchanges$10,329
Credit Cards Payable$87
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Worldstudio Foundation Inc
EIN
13-3776523
Phone
2123661317
Address
1239 BROADWAY, NEW YORK, NY 10001

Signing Officer

Name
Mark Randall
Title
President
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Randall
Formed
1994
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Kirshenbaum & Urban Llp
Address
10 Bank Street STE 580, White Plains, NY 10606
Preparer
Adam A Urban CPA
Phone
9146860400
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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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Loans and exchanges
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01153
IRS990ScheduleD/TotalLiabilityAmt010417
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt021800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SCHOLARSHIPS - SEE ATTACHED
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0115862
IRS990/TotalAssetsEOYAmt056783
IRS990/TotalAssetsGrp/BOYAmt0115862
IRS990/TotalAssetsGrp/EOYAmt056783
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07643
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05010
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt070156
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030209
IRS990/TotalFunctionalExpensesGrp/TotalAmt0105375
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010359
IRS990/TotalLiabilitiesEOYAmt010417
IRS990/TotalLiabilitiesGrp/BOYAmt010359
IRS990/TotalLiabilitiesGrp/EOYAmt010417
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0105503
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt046366
IRS990/TotalProgramServiceExpensesAmt030209
IRS990/TotalProgramServiceRevenueAmt034438
IRS990/TotalRevenueGrp/ExclusionAmt01109
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt037486
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt046238
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0115862
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056783
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01239 BROADWAY PH
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010001
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.WORLDSTUDIO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK RANDALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLDSTUDIO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0133776523
ReturnHeader/Filer/PhoneNum02123661317
ReturnHeader/Filer/USAddress/AddressLine1Txt01239 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814682803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KIRSHENBAUM & URBAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 Bank Street STE 580
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0White Plains
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010606
ReturnHeader/PreparerPersonGrp/PhoneNum09146860400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Adam A Urban CPA
ReturnHeader/ReturnTs02018-05-10T11:00:36-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,783
Liabilities
$10,417
Net assets
$46,366
Revenue
$46,238
Expenses
$105,375
Net income
-$59,137
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.06$0.01$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.00$0.39$0.03$0.02$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.00$0.39$1.13$1.11$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.12$0.36$1.21$1.31$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.10$0.46$0.46$1.05$0.59
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.10$1.06$2.32$1.85$0.48
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.05$1.23$1.41$1.33$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.97$1.60$0.63
2013Detailed filing. Detailed filing data is available for this year.$1.84$0.10$1.74$1.54$1.33$0.20
2012Summary only. Only limited summary data is available for this year.$1.53$0.00$1.53$1.72$1.28$0.44
2011Summary only. Only limited summary data is available for this year.$1.15$0.06$1.09$1.32$2.02$0.69