Civic Intelligence

Art Sweats Inc.

990 • Fiscal year 2014 • EIN 13-3812712

Jul 01, 2013 to Jun 30, 2014 • Filed on Aug 31, 2015

140 Second AvenueNew York, NY 10003

(212) 677-2503

Siviq Scores

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

Liabilities / Assets

96th percentile

2.68x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

0.29x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Net Margin

31st percentile

-4.7%

Higher net margin than 31% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Top Officer Pay

87th percentile

$27,600

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Asset Growth

66th percentile

15%

Faster asset growth than 66% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

82nd percentile

47%

Faster revenue growth than 82% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$41,584

Up $5,355 (+15%) from 2013

Net Assets

Down

-$69,662

Down $17,888 (-35%) from 2013

Liabilities

Up

$111,246

Up $23,243 (+26%) from 2013

Revenue

Up

$380,401

Up $121,527 (+47%) from 2013

Expenses

Up

$398,289

Up $131,544 (+49%) from 2013

Net Income

Down

-$17,888

Down $10,017 (-127%) from 2013

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $30,450Liabilities 2010: $3,758Net Assets 2010: $26,6922010Assets 2011: $34,967Liabilities 2011: $92,096Net Assets 2011: -$57,1292011Assets 2013: $36,229Liabilities 2013: $88,003Net Assets 2013: -$51,7742013Assets 2014: $41,584Liabilities 2014: $111,246Net Assets 2014: -$69,6622014Assets 2015: $24,081Liabilities 2015: $125,223Net Assets 2015: -$101,1422015Assets 2016: $68,915Liabilities 2016: $114,924Net Assets 2016: -$46,0092016Assets 2017: $57,351Liabilities 2017: $98,009Net Assets 2017: -$40,6582017Assets 2018: $77,413Liabilities 2018: $92,057Net Assets 2018: -$14,6442018Assets 2019: $173,975Liabilities 2019: $72,075Net Assets 2019: $101,9002019Assets 2020: $130,370Liabilities 2020: $88,928Net Assets 2020: $41,4422020Assets 2021: $214,585Liabilities 2021: $59,126Net Assets 2021: $155,4592021Assets 2022: $425,876Liabilities 2022: $22,794Net Assets 2022: $403,0822022Assets 2023: $360,711Liabilities 2023: $8,791Net Assets 2023: $351,9202023Assets 2024: $329,492Liabilities 2024: $17,561Net Assets 2024: $311,9312024

Highlighted filing

2014

Assets$41,584
Liabilities$111,246
Net Assets-$69,662

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $251,573Expenses 2010: $233,298Net Income 2010: $18,2752010Revenue 2011: $200,882Expenses 2011: $289,039Net Income 2011: -$88,1572011Revenue 2013: $258,874Expenses 2013: $266,745Net Income 2013: -$7,8712013Revenue 2014: $380,401Expenses 2014: $398,289Net Income 2014: -$17,8882014Revenue 2015: $258,815Expenses 2015: $290,295Net Income 2015: -$31,4802015Revenue 2016: $249,859Expenses 2016: $194,726Net Income 2016: $55,1332016Revenue 2017: $245,098Expenses 2017: $239,747Net Income 2017: $5,3512017Revenue 2018: $291,893Expenses 2018: $265,879Net Income 2018: $26,0142018Revenue 2019: $437,080Expenses 2019: $320,536Net Income 2019: $116,5442019Revenue 2020: $230,917Expenses 2020: $291,375Net Income 2020: -$60,4582020Revenue 2021: $289,931Expenses 2021: $175,914Net Income 2021: $114,0172021Revenue 2022: $649,129Expenses 2022: $401,506Net Income 2022: $247,6232022Revenue 2023: $379,913Expenses 2023: $431,075Net Income 2023: -$51,1622023Revenue 2024: $403,455Expenses 2024: $445,923Net Income 2024: -$42,4682024

Highlighted filing

2014

Revenue$380,401
Expenses$398,289
Net Income-$17,888
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Aug 31, 2015
Return Version
2013v4.0
Gross Receipts
$380,401
Mission and Program Overview

Mission

The organization was formed to provide

The organization was formed to provide the necessary resources for the creation, performance and preservation of original dance works by david dorfman. The organization performs original works of dance nationally and internationally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$34,847$33,229▼ $1,618
Pledges and Grants Receivable$22,925$23,460▲ $535
Prepaid Expenses and Deferred Charges$2,018$5,000▲ $2,982
Cash and Non-Interest-Bearing Accounts$4,277$4,337▲ $60
Accounts Receivable$4,038$4,122▲ $84
Receivables From Officers Etc$1,971$3,665▲ $1,694
Total Assets$36,229$41,584▲ $5,355
Other Assets Total$1,000$1,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$53,156$78,017▲ $24,861
Total Liabilities$88,003$111,246▲ $23,243
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,000$15,000▲ $5,000
Unrestricted Net Assets$-61,774$-84,662▼ $22,888
Total Net Assets Fund Balance$-51,774$-69,662▼ $17,888
Total Liabilities and Net Assets / Fund Balance$36,229$41,584▲ $5,355

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Larry HenryFormer Executive DirectorFT$27,600$27,600
Larry Henry--$27,600$27,600

Board Members and Trustees

NameTitle
Michael HowettPresident
David Kyuman KimBoard Member
PAUL O'NEILBoard Member
David DorfmanBoard Member/artistic Director
Amy HandelsmanExecutive Director
Chloe CarlsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$49,957
Program Service Revenue
$327,089
Investment Income
$0
Other Revenue
$3,355
All Other Contributions
$14,197
Change in Net Assets
$-17,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,108
Salaries, Compensation, and Employee Benefits$197,181
Total Fundraising Expense$7,445
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$155,837$5,328$5,328$166,493
Other Expenses$41,469$0$0$41,469
All Other Expenses$15,529$12,933$417$28,879
Current Officers, Directors, Trustees, and Key Employees$15,800$540$540$16,880
Insurance$14,515$0$0$14,515
Payroll Taxes$12,924$442$442$13,808
Occupancy$6,783$798$399$7,980
Office Expenses$5,419$638$319$6,376
Fees for Services Accounting$0$2,965$0$2,965
Total Functional Expenses$367,200$23,644$7,445$398,289
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$34,847$33,229▼ $1,618
Receivables from Officers, Directors, Trustees, and Key Employees$1,971$3,665▲ $1,694
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
13-3812712
Phone
2126772503

Signing Officer

Name
David Dorfman
Title
Artistic Director
Phone
2126772503
Signed
2015-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Dorfman
Formed
1994
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
4
Employees
17
Volunteers
0

Preparer

Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

990 is reviewed by all board members and approved prior to filing.

Pt VI, Line 15A

The managing director's salary is determined based on a comparability study.

Pt VI, Line 12C

All employees must annually disclose potential conflicts of interest.

Form 990, Part IX, Line 24F

Bank charges and interest 10339. 0. 10339. 0. Postage and messenger 760. 646. 76. 38. Hospitality 4901. 4166. 490. 245. Miscellaneous 1758. 0. 1758. 0. Marketing and advertising 2665. 2665. 0. 0. Studio and theater rent 5760. 5760. 0. 0. Telecommunications 2696. 2292. 270. 134.

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IRS990ScheduleA/PublicSupportCY509Pct00.73110
IRS990ScheduleA/PublicSupportPY509Pct00.70560
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01087674
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0225973
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0101245
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt013495
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt08308
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt050953
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0399974
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0225973
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0101245
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt013495
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt08308
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt050953
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0399974
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0377046
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0255895
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0395504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0199763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0259440
IRS990ScheduleA/Total509Grp/TotalAmt01487648
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01487648
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01000
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt027600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LARRY HENRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt027600
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt03665
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt123229
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TELEPHONE REIMBURSEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CASH FLOW LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt03665
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAVID DORFMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1DAVID DORFMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0ARTISTIC DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1ARTISTIC DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt026894
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 IS REVIEWED BY ALL BOARD MEMBERS AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGING DIRECTOR'S SALARY IS DETERMINED BASED ON A COMPARABILITY STUDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL EMPLOYEES MUST ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK CHARGES AND INTEREST 10339. 0. 10339. 0. POSTAGE AND MESSENGER 760. 646. 76. 38. HOSPITALITY 4901. 4166. 490. 245. MISCELLANEOUS 1758. 0. 1758. 0. MARKETING AND ADVERTISING 2665. 2665. 0. 0. STUDIO AND THEATER RENT 5760. 5760. 0. 0. TELECOMMUNICATIONS 2696. 2292. 270. 134.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt010000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt015000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt036229
IRS990/TotalAssetsEOYAmt041584
IRS990/TotalAssetsGrp/BOYAmt036229
IRS990/TotalAssetsGrp/EOYAmt041584
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt049957
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07445
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023644
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0367200
IRS990/TotalFunctionalExpensesGrp/TotalAmt0398289
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt088003
IRS990/TotalLiabilitiesEOYAmt0111246
IRS990/TotalLiabilitiesGrp/BOYAmt088003
IRS990/TotalLiabilitiesGrp/EOYAmt0111246
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-51774
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-69662
IRS990/TotalProgramServiceExpensesAmt0367200
IRS990/TotalProgramServiceRevenueAmt0327089
IRS990/TotalReportableCompFromOrgAmt027600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0330444
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0380401
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041584
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-61774
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-84662
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10140 SECOND AVENUE 503
IRS990/USAddress/City0NEW YORK
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010003
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.DAVIDDORFMANDANCE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.29$0.18$3.12$4.03$4.46$0.42
2023Detailed filing. Detailed filing data is available for this year.$3.61$0.09$3.52$3.80$4.31$0.51
2022Detailed filing. Detailed filing data is available for this year.$4.26$0.23$4.03$6.49$4.02$2.48
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.59$1.55$2.90$1.76$1.14
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.89$0.41$2.31$2.91$0.60
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.72$1.02$4.37$3.21$1.17
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.92$0.15$2.92$2.66$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.98$0.41$2.45$2.40$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.69$1.15$0.46$2.50$1.95$0.55
2015Detailed filing. Detailed filing data is available for this year.$0.24$1.25$1.01$2.59$2.90$0.31
2014Detailed filing. Detailed filing data is available for this year.$0.42$1.11$0.70$3.80$3.98$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.88$0.52$2.59$2.67$0.08
2011Summary only. Only limited summary data is available for this year.$0.35$0.92$0.57$2.01$2.89$0.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.04$0.27$2.52$2.33$0.18