Civic Intelligence

The Culture Project Inc

EIN 13-3898892 • 501(c)3 • New York, NY

Profile

The culture project views creativity, imagination, and the urge toward artistic expression as a vital natural resource as an arts organization that seeks to harvest such resources, our purpose is to support work that addresses social injustice and embraces diversity.

49 Bleecker StreetNew York, NY 10012

www.cultureproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

5.06x

Higher debt load relative to assets than 99% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

1.14x

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

NTEE P20 • $1M-$5M nonprofits • Source year 2015

Net Margin

15th percentile

-14%

Higher net margin than 15% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

59th percentile

$52,560

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

NTEE P20 • $1M-$5M nonprofits • Source year 2015

Asset Growth

74th percentile

39%

Faster asset growth than 74% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

61st percentile

25%

Faster revenue growth than 61% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$300,951

Up $84,975 (+39%) from 2014

Liabilities

Up

$1,523,480

Up $268,843 (+21%) from 2014

Net Assets

Down

-$1,222,529

Down $183,868 (-18%) from 2014

Revenue

Up

$1,340,592

Up $265,326 (+25%) from 2014

Expenses

Up

$1,524,460

Up $69,175 (+4.8%) from 2014

Net Income

Up

-$183,868

Up $196,151 (+52%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $617,613Liabilities 2010: $581,103Net Assets 2010: $36,5102010Assets 2011: $363,656Liabilities 2011: $682,436Net Assets 2011: -$318,7802011Assets 2012: $902,670Liabilities 2012: $702,614Net Assets 2012: $200,0562012Assets 2013: $578,175Liabilities 2013: $1,164,692Net Assets 2013: -$586,5172013Assets 2014: $215,976Liabilities 2014: $1,254,637Net Assets 2014: -$1,038,6612014Assets 2015: $300,951Liabilities 2015: $1,523,480Net Assets 2015: -$1,222,5292015

Highlighted filing

2015

Assets$300,951
Liabilities$1,523,480
Net Assets-$1,222,529

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,127,1032010Revenue 2011: $1,094,577Expenses 2011: $1,449,867Net Income 2011: -$355,2902011Expenses 2012: $1,666,3562012Expenses 2013: $2,191,2782013Revenue 2014: $1,075,266Expenses 2014: $1,455,285Net Income 2014: -$380,0192014Revenue 2015: $1,340,592Expenses 2015: $1,524,460Net Income 2015: -$183,8682015

Highlighted filing

2015

Revenue$1,340,592
Expenses$1,524,460
Net Income-$183,868

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jul 20, 2016
Return Version
2014v6.0
Gross Receipts
$1,340,592
Mission and Program Overview

Mission

The culture project views creativity, imagination, and the urge toward artistic expression as a vital natural resource as an arts organization that seeks to harvest such resources, our purpose is to support work that addresses social injustice and embraces diversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$129,294$152,000▲ $22,706
Cash and Non-Interest-Bearing Accounts$-4,118$138,028▲ $142,146
Accounts Receivable$66,491$63,247▼ $3,244
Land, Buildings, and Equipment, Net$55,813$45,731▼ $10,082
Pledges and Grants Receivable$5,000--
Prepaid Expenses and Deferred Charges$4,002$1,610▼ $2,392
Total Assets$215,976$300,951▲ $84,975
Other Assets Total$88,788$52,335▼ $36,453
Liabilities
Accounts Payable and Accrued Expenses$612,140$604,322▼ $7,818
Other Liabilities$116,893$420,341▲ $303,448
Mortgage Notes Payable Secured by Investment Property$346,310$328,556▼ $17,754
Unsecured Notes Loans Payable$50,000$18,261▼ $31,739
Total Liabilities$1,254,637$1,523,480▲ $268,843
Net Assets / Fund Balance
Temporarily Rstr Net Assets$177,726$49,381▼ $128,345
Unrestricted Net Assets$-1,216,387$-1,271,910▼ $55,523
Total Net Assets Fund Balance$-1,038,661$-1,222,529▼ $183,868
Total Liabilities and Net Assets / Fund Balance$215,976$300,951▲ $84,975

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,731$89,682$135,413
Other Assets Org$52,335--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Allan BuchmanPresidentdirectorFT$52,560$52,560
Revenue and Support

Revenue Composition

Contributions and Grants
$425,571
Program Service Revenue
$914,686
Investment Income
$0
Other Revenue
$335
All Other Contributions
$404,771
Change in Net Assets
$-183,868

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,340,592
Total Revenue per Audited Statements
$1,340,592
Total Revenue per Form 990
$1,340,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,098,186
Salaries, Compensation, and Employee Benefits$426,274
Total Fundraising Expense$114,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$522,115$95,604$30,211$647,930
Other Salaries and Wages$215,341$76,210$55,774$347,325
All Other Expenses$63,361$137,019$401$200,781
Current Officers, Directors, Trustees, and Key Employees-$52,560-$52,560
Travel$16,211$8,123$10,000$34,334
Advertising$22,172--$22,172
Royalties$21,376--$21,376
Fees for Services Legal-$20,908-$20,908
Payroll Taxes$4,990$9,965$4,990$19,945
Interest$361$18,194$361$18,916
Insurance$3,688$6,425-$10,113
Depreciation Depletion$6,857$3,225-$10,082
Fees for Services Accounting--$9,740$9,740
Office Expenses$2,593$5,249$773$8,615
Other Expenses$7,565$173$2,151$7,565
Other Employee Benefits$-3,268$9,712-$6,444
Total Functional Expenses$962,019$448,040$114,401$1,524,460

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,524,460
Total Expenses per Audited Statements$1,524,460
Total Expenses per Form 990$1,524,460
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$129,294$152,000▲ $22,706
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Payable$317,873
Refuncable Advance Exchange$73,792
Security Deposits Held$26,667
Payroll Liabilities$2,009
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 governing body review Part VI line 11

The president and treasurer reviewed the form 990 with management and present such at a board meeting

Form 990 availability to public Part VI line 18

The organizations governing documents are made available by request

Governing documents etc available to public Part VI line 19

The organizations financial statements are available by request and, as required by rules and regulations of the new york state attorney general, made available for public access through the annual filing with that office

Filing and Contact Details

Filer

Filer Name
The Culture Project Inc
EIN
13-3898892
Address
49 BLEECKER STREET, NEW YORK, NY 10012

Signing Officer

Name
Robert Dragotta
Title
Executive Direc
Phone
2129251806
Signed
2016-07-20
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
19
Employees
10

Preparer

Firm
Mei CPA Pc
Address
1714 86TH STREET 2ND FL, BROOKLYN, NY 11214
Preparer
P Han Mei CPA
Phone
7189753363
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Technical theatre and related fees program service expenses 157,590 management and general expenses 0 fundraising expenses 0 total expenses 157,590 managerial and consulting fees program service expenses 0 management and general expenses 7,975 fundraising expenses 26,551 total expense 34,526

List of other expenses Part IX line 24E

Provision for uncollectable ucptg $288098all other expense $71588

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