Civic Intelligence

Topaz Arts Inc.

990EZ • Fiscal year 2020 • EIN 13-4137551

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 30, 2021

PO Box 770150Woodside, NY 11377-0150

(718) 505-0440

Siviq Scores

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

Liabilities / Assets

95th percentile

3.14x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

7.31x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Net Margin

49th percentile

6.7%

Higher net margin than 49% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$17,845

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Asset Growth

39th percentile

0.6%

Faster asset growth than 39% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-17%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$278,849

Up $1,678 (+0.6%) from 2019

Net Assets

Up

-$597,607

Up $8,019 (+1.3%) from 2019

Liabilities

Down

$876,456

Down $6,341 (-0.7%) from 2019

Revenue

Down

$119,943

Down $23,794 (-17%) from 2019

Expenses

Down

$111,924

Down $17,352 (-13%) from 2019

Net Income

Down

$8,019

Down $6,442 (-45%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2011: $281,003Liabilities 2011: $564,7532011Assets 2012: $402,672Liabilities 2012: $579,862Net Assets 2012: -$177,1902012Assets 2013: $339,771Liabilities 2013: $659,205Net Assets 2013: -$319,4342013Assets 2014: $297,729Liabilities 2014: $720,0082014Assets 2015: $369,969Liabilities 2015: $780,718Net Assets 2015: -$410,7492015Assets 2016: $337,829Liabilities 2016: $898,297Net Assets 2016: -$560,4682016Assets 2017: $251,413Liabilities 2017: $882,882Net Assets 2017: -$631,4692017Assets 2018: $258,837Liabilities 2018: $878,924Net Assets 2018: -$620,0872018Assets 2019: $277,171Liabilities 2019: $882,797Net Assets 2019: -$605,6262019Assets 2020: $278,849Liabilities 2020: $876,456Net Assets 2020: -$597,6072020Assets 2021: $278,071Liabilities 2021: $875,935Net Assets 2021: -$597,8642021Assets 2022: $513,195Liabilities 2022: $871,029Net Assets 2022: -$357,8342022Assets 2023: $560,107Liabilities 2023: $877,187Net Assets 2023: -$317,0802023Assets 2024: $502,318Liabilities 2024: $878,453Net Assets 2024: -$376,1352024

Highlighted filing

2020

Assets$278,849
Liabilities$876,456
Net Assets-$597,607

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $145,116Expenses 2011: $685,198Net Income 2011: -$540,0822011Revenue 2012: $244,293Expenses 2012: $137,733Net Income 2012: $106,5602012Expenses 2013: $239,0182013Revenue 2014: $97,089Expenses 2014: $199,934Net Income 2014: -$102,8452014Revenue 2015: $222,119Expenses 2015: $210,589Net Income 2015: $11,5302015Revenue 2016: $108,898Expenses 2016: $258,617Net Income 2016: -$149,7192016Revenue 2017: $86,623Expenses 2017: $157,624Net Income 2017: -$71,0012017Revenue 2018: $123,528Expenses 2018: $112,146Net Income 2018: $11,3822018Revenue 2019: $143,737Expenses 2019: $129,276Net Income 2019: $14,4612019Revenue 2020: $119,943Expenses 2020: $111,924Net Income 2020: $8,0192020Revenue 2021: $117,239Expenses 2021: $117,496Net Income 2021: -$2572021Revenue 2022: $389,946Expenses 2022: $149,916Net Income 2022: $240,0302022Revenue 2023: $259,923Expenses 2023: $219,169Net Income 2023: $40,7542023Revenue 2024: $209,737Expenses 2024: $268,792Net Income 2024: -$59,0552024

Highlighted filing

2020

Revenue$119,943
Expenses$111,924
Net Income$8,019
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 30, 2021
Return Version
2019v5.2
Gross Receipts
$119,943
Mission and Program Overview

Mission

Topaz arts fosters the creative process, encouraging new works of diverse artists and provides public programs for contemporary performing and visual arts. Maintaining a 2,500 sq. Fe. Multidisciplinary arts center in woodside, queens which includes a dance rehearsal studio and gallery, topaz arts provides affordable space, technical support, residencies and presentation opportunities, enabling artists to realize their projects and the process shared with audiences.

Program Services

DescriptionGrantsExpenses
TOPAZ ARTS: ARTIST SERVICES IS AN ONGOING PROGRAM WHICH SERVES THE NYC ARTIST COMMUNITY IN SPACE RENTAL, TECHNICAL SUPPORT, AND SHOWINGS - ENABLING ARTISTS TO REALIZE THEIR PROJECTS FOR PUBLIC PRESENTATIONS.TOPAZ ARTS' VISUAL ARTS PROGRAM HOSTS FOUR EXHIBITIONS ANNUALLY, FOCUSING ON PROFESSIONAL ARTISTS, FROM THE ESTABLISHED TO THE UNDER-RECOGNIZED, OUR PROGRAM ALLOWS FOR EXPERIMENTATION, VISIBILITY AND ACCESS TO DIVERSE AUDIENCES.TOPAZ ARTS PARTNERSHIPS PROGRAM IS A SERIES OF RESIDENCIES & PERFORMANCES ORGANIZED IN PARTNERSHIP WITH OTHER LEADING ARTS INSTITUTIONS IN PRESENTING CONTEMPORARY WORKS AND CULTIVATING INNOVATIVE NEW WORKS IN DANCE, VISUAL ARTS, LITERARY AND COLLABORATIVE ARTS.TOPAZ ARTS DANCE PRODUCTIONS EXPLORES THE COLLABORATIONS OF FOUNDING ARTISTS IN MULTIDISCIPLINARY WORKS CHOREOGRAPHED BY PAZ TANJUAQUIO, WITH MUSIC AND VISUALS BY TODD RICHMOND.$0$93,060
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TODD RICHMONDPresidentFT$16,256$1,589$17,845
PAZ TANJUAQUIOVice President/TreasurerFT$16,256$1,589$17,845
MICHELE C QUINNChairperson-$0--
NATALIE D STANFORDBoard Member-$0--
LUIS H FRANCIASecretary-$0--
Filing and Contact Details

Filer

Filer Name
Topaz Arts Inc
EIN
13-4137551
Phone
7185050440
Address
PO BOX 770150, WOODSIDE, NY 11377-0150

Signing Officer

Name
Paz Tanjuaquio
Title
Vice President
Phone
7185050440
Signed
2021-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Michael Wallace
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Rental Income

Kind and location of property: space rental. Amount: 6,697.

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 653.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 6,084. Description: other expenses. Amount: 10,768. Total to form 990-ez, line 14: 16,852.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: miscellaneous expense. Amount: 14,853. Description: artist fees. Amount: 3,279. Description: repairs and maintenance. Amount: 9,469. Description: exhibition. Amount: 1,439. Description: utilities. Amount: 3,618. Description: payroll taxes. Amount: 2,488. Description: office expenses. Amount: 5,441. Description: travel. Amount: 8,375. Description: conferences, conventions, meetings. Amount: 3,876. Description: insurance. Amount: 5,696. Total to form 990-ez, line 16: 58,534.

Form 990-ez, Part II, Line 24 - Other Assets

Description: security deposit. Beg. Of year amount: 150. End of year amount: 150. Description: pledges and grants receivable. Beg. Of year amount: 8,068. End of year amount: 31,035. Description: other depreciable assets. Beg. Of year amount: 3. End of year amount: 3.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accrued salary compensation. Beg. Of year amount: 865,227. End of year amount: 865,227. Description: accounts payable and accrued expenses. Beg. Of year amount: 17,570. End of year amount: 11,229.

Raw XML Appendix179 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIRPERSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt08221
IRS990EZ/OtherAssetsTotalDetail/EOYAmt031188
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt058534
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TOPAZ ARTS FOSTERS THE CREATIVE PROCESS, ENCOURAGING NEW WORKS OF DIVERSE ARTISTS AND PROVIDES PUBLIC PROGRAMS FOR CONTEMPORARY PERFORMING AND VISUAL ARTS. MAINTAINING A 2,500 SQ. FE. MULTIDISCIPLINARY ARTS CENTER IN WOODSIDE, QUEENS WHICH INCLUDES A DANCE REHEARSAL STUDIO AND GALLERY, TOPAZ ARTS PROVIDES AFFORDABLE SPACE, TECHNICAL SUPPORT, RESIDENCIES AND PRESENTATION OPPORTUNITIES, ENABLING ARTISTS TO REALIZE THEIR PROJECTS AND THE PROCESS SHARED WITH AUDIENCES.
IRS990EZ/PrintingPublicationsPostageAmt0848
IRS990EZ/ProgramServiceRevenueAmt0825
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TOPAZ ARTS: ARTIST SERVICES IS AN ONGOING PROGRAM WHICH SERVES THE NYC ARTIST COMMUNITY IN SPACE RENTAL, TECHNICAL SUPPORT, AND SHOWINGS - ENABLING ARTISTS TO REALIZE THEIR PROJECTS FOR PUBLIC PRESENTATIONS.TOPAZ ARTS' VISUAL ARTS PROGRAM HOSTS FOUR EXHIBITIONS ANNUALLY, FOCUSING ON PROFESSIONAL ARTISTS, FROM THE ESTABLISHED TO THE UNDER-RECOGNIZED, OUR PROGRAM ALLOWS FOR EXPERIMENTATION, VISIBILITY AND ACCESS TO DIVERSE AUDIENCES.TOPAZ ARTS PARTNERSHIPS PROGRAM IS A SERIES OF RESIDENCIES & PERFORMANCES ORGANIZED IN PARTNERSHIP WITH OTHER LEADING ARTS INSTITUTIONS IN PRESENTING CONTEMPORARY WORKS AND CULTIVATING INNOVATIVE NEW WORKS IN DANCE, VISUAL ARTS, LITERARY AND COLLABORATIVE ARTS.TOPAZ ARTS DANCE PRODUCTIONS EXPLORES THE COLLABORATIONS OF FOUNDING ARTISTS IN MULTIDISCIPLINARY WORKS CHOREOGRAPHED BY PAZ TANJUAQUIO, WITH MUSIC AND VISUALS BY TODD RICHMOND.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/WebsiteAddressTxt0WWW.TOPAZARTS.ORG
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0103050
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KIND AND LOCATION OF PROPERTY: SPACE RENTAL. AMOUNT: 6,697.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INTEREST INCOME. AMOUNT: 653.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPRECIATION. AMOUNT: 6,084. DESCRIPTION: OTHER EXPENSES. AMOUNT: 10,768. TOTAL TO FORM 990-EZ, LINE 14: 16,852.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 14,853. DESCRIPTION: ARTIST FEES. AMOUNT: 3,279. DESCRIPTION: REPAIRS AND MAINTENANCE. AMOUNT: 9,469. DESCRIPTION: EXHIBITION. AMOUNT: 1,439. DESCRIPTION: UTILITIES. AMOUNT: 3,618. DESCRIPTION: PAYROLL TAXES. AMOUNT: 2,488. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 5,441. DESCRIPTION: TRAVEL. AMOUNT: 8,375. DESCRIPTION: CONFERENCES, CONVENTIONS, MEETINGS. AMOUNT: 3,876. DESCRIPTION: INSURANCE. AMOUNT: 5,696. TOTAL TO FORM 990-EZ, LINE 16: 58,534.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 150. END OF YEAR AMOUNT: 150. DESCRIPTION: PLEDGES AND GRANTS RECEIVABLE. BEG. OF YEAR AMOUNT: 8,068. END OF YEAR AMOUNT: 31,035. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 3. END OF YEAR AMOUNT: 3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ACCRUED SALARY COMPENSATION. BEG. OF YEAR AMOUNT: 865,227. END OF YEAR AMOUNT: 865,227. DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 17,570. END OF YEAR AMOUNT: 11,229.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - RENTAL INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAZ TANJUAQUIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07185050440
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOPAZ ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0TOPA
ReturnHeader/Filer/EIN0134137551
ReturnHeader/Filer/PhoneNum07185050440
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 770150
ReturnHeader/Filer/USAddress/CityNm0WOODSIDE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0113770150
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131655065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND CARR CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0551 FIFTH AVENUE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010176
ReturnHeader/PreparerPersonGrp/PhoneNum02126972299
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL WALLACE
ReturnHeader/ReturnTs02021-05-03T11:21:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.02$8.78$3.76$2.10$2.69$0.59
2023Detailed filing. Detailed filing data is available for this year.$5.60$8.77$3.17$2.60$2.19$0.41
2022Detailed filing. Detailed filing data is available for this year.$5.13$8.71$3.58$3.90$1.50$2.40
2021Detailed filing. Detailed filing data is available for this year.$2.78$8.76$5.98$1.17$1.17$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.79$8.76$5.98$1.20$1.12$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.77$8.83$6.06$1.44$1.29$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.59$8.79$6.20$1.24$1.12$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.51$8.83$6.31$0.87$1.58$0.71
2016Detailed filing. Detailed filing data is available for this year.$3.38$8.98$5.60$1.09$2.59$1.50
2015Detailed filing. Detailed filing data is available for this year.$3.70$7.81$4.11$2.22$2.11$0.12
2014Summary only. Only limited summary data is available for this year.$2.98$7.20$0.97$2.00$1.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$6.59$3.19$2.39
2012Summary only. Only limited summary data is available for this year.$4.03$5.80$1.77$2.44$1.38$1.07
2011Summary only. Only limited summary data is available for this year.$2.81$5.65$1.45$6.85$5.40