Civic Intelligence

Tenet Nyc Inc.

990 • Fiscal year 2018 • EIN 20-0636695

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 07, 2018

262 West 107th Street No 3BNew York, NY 10025

(646) 470-5809

Siviq Scores

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

Liabilities / Assets

69th percentile

0.05x

Higher debt load relative to assets than 69% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Net Margin

42nd percentile

0.7%

Higher net margin than 42% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

2018 filings • NTEE A68 • <$500k nonprofits • Source year 2018

Asset Growth

57th percentile

13%

Faster asset growth than 57% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • NTEE A68 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$31,586

Up $3,634 (+13%) from 2017

Net Assets

Up

$29,936

Up $1,984 (+7.1%) from 2017

Liabilities

Up

$1,650

Up $1,650 from 2017

Revenue

Up

$273,258

Up $49,682 (+22%) from 2017

Expenses

Up

$271,274

Up $26,344 (+11%) from 2017

Net Income

Up

$1,984

Up $23,338 (+109%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $17,327Net Assets 2012: $17,3272012Assets 2013: $26,177Liabilities 2013: $0Net Assets 2013: $26,1772013Assets 2014: $21,552Liabilities 2014: $0Net Assets 2014: $21,5522014Assets 2015: $47,319Liabilities 2015: $0Net Assets 2015: $47,3192015Assets 2016: $49,306Liabilities 2016: $0Net Assets 2016: $49,3062016Assets 2017: $27,952Liabilities 2017: $0Net Assets 2017: $27,9522017Assets 2018: $31,586Liabilities 2018: $1,650Net Assets 2018: $29,9362018Assets 2019: $37,380Liabilities 2019: $0Net Assets 2019: $37,3802019Assets 2020: $58,387Liabilities 2020: $0Net Assets 2020: $58,3872020Assets 2021: $119,426Liabilities 2021: $5,500Net Assets 2021: $113,9262021Assets 2022: $50,068Liabilities 2022: $5,900Net Assets 2022: $44,1682022Assets 2023: $40,471Liabilities 2023: $5,900Net Assets 2023: $34,5712023Assets 2024: $44,460Liabilities 2024: $9,200Net Assets 2024: $35,2602024Assets 2025: $213,492Liabilities 2025: $6,300Net Assets 2025: $207,1922025

Highlighted filing

2018

Assets$31,586
Liabilities$1,650
Net Assets$29,936

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $156,318Expenses 2012: $151,159Net Income 2012: $5,1592012Expenses 2013: $208,7172013Revenue 2014: $232,193Expenses 2014: $236,818Net Income 2014: -$4,6252014Revenue 2015: $276,476Expenses 2015: $250,709Net Income 2015: $25,7672015Revenue 2016: $213,690Expenses 2016: $211,703Net Income 2016: $1,9872016Revenue 2017: $223,576Expenses 2017: $244,930Net Income 2017: -$21,3542017Revenue 2018: $273,258Expenses 2018: $271,274Net Income 2018: $1,9842018Revenue 2019: $334,852Expenses 2019: $327,407Net Income 2019: $7,4452019Revenue 2020: $472,034Expenses 2020: $451,027Net Income 2020: $21,0072020Revenue 2021: $300,742Expenses 2021: $245,203Net Income 2021: $55,5392021Revenue 2022: $393,609Expenses 2022: $463,367Net Income 2022: -$69,7582022Revenue 2023: $307,282Expenses 2023: $316,879Net Income 2023: -$9,5972023Revenue 2024: $338,812Expenses 2024: $338,123Net Income 2024: $6892024Revenue 2025: $517,744Expenses 2025: $345,681Net Income 2025: $172,0632025

Highlighted filing

2018

Revenue$273,258
Expenses$271,274
Net Income$1,984
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$273,738
Mission and Program Overview

Mission

To provide opportunity for the public to hear early music repertoire tenet performs 4-5 public concerts a season in new york city

Tenet entertains, informs, and inspires with public performances of early music repertoire.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,952$31,586▲ $3,634
Total Assets$27,952$31,586▲ $3,634
Liabilities
Accounts Payable and Accrued Expenses-$1,650-
Total Liabilities$0$1,650▲ $1,650
Net Assets / Fund Balance
Unrestricted Net Assets$27,952$29,936▲ $1,984
Total Net Assets Fund Balance$27,952$29,936▲ $1,984
Total Liabilities and Net Assets / Fund Balance$27,952$31,586▲ $3,634
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$128,703
Program Service Revenue
$143,101
Investment Income
$0
Other Revenue
$1,454
All Other Contributions
$93,643
Change in Net Assets
$1,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,091
Professional Fundraising Fees$4,183
Total Fundraising Expense$4,183
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$202,177$13,048-$215,225
Travel$17,988--$17,988
Fees for Services Accounting-$4,578-$4,578
Occupancy$4,400--$4,400
Fees for Services Professional Fundraising--$4,183$4,183
Advertising$4,034--$4,034
All Other Expenses$2,085$1,266-$3,351
Other Expenses$3,320$2,255-$2,255
Insurance-$2,200-$2,200
Office Expenses-$1,510-$1,510
Information Technology$433--$433
Total Functional Expenses$239,228$27,863$4,183$271,274
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$4,183
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Section B, Line 11B

Copies of form 990 are distributed to each board members for their review and authorization before filing with the irs.

Form 990, Part VI, Section B, Line 12C

Policy was adopted at the board meeting. Every year board members are encouraged to disclose any conflict of interest and reminded that the policy is in effect.

Form 990, Part VI, Section C, Line 19

The documents are available at the corporate office upon request.

Filing and Contact Details

Filer

Filer Name
Tenet Nyc Inc
EIN
20-0636695
Phone
6464705809
Address
262 WEST 107TH STREET NO 3B, NEW YORK, NY 10025

Signing Officer

Name
Maura Fitzpatrick
Title
Treasurer
Phone
2122224066
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maura Fitzpatrick
Formed
2004
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Firm
Ncheng Llp
Address
40 WALL STREET 32ND FLOOR, NEW YORK, NY 10005
Preparer
Alwayne Burke CPA
Phone
2127850100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Artists and performers: program service expenses 192,349. Management and general expenses 0. Fundraising expenses 0. Total expenses 192,349. Photographers: program service expenses 1,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,774. Website designer: program service expenses 2,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,010. Videographers: program service expenses 4,061. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,061. Other professional services: program service expenses 1,983. Management and general expenses 13,048. Fundraising expenses 0. Total expenses 15,031.

Raw XML Appendix341 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF FORM 990 ARE DISTRIBUTED TO EACH BOARD MEMBERS FOR THEIR REVIEW AND AUTHORIZATION BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICY WAS ADOPTED AT THE BOARD MEETING. EVERY YEAR BOARD MEMBERS ARE ENCOURAGED TO DISCLOSE ANY CONFLICT OF INTEREST AND REMINDED THAT THE POLICY IS IN EFFECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE AVAILABLE AT THE CORPORATE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARTISTS AND PERFORMERS: PROGRAM SERVICE EXPENSES 192,349. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 192,349. PHOTOGRAPHERS: PROGRAM SERVICE EXPENSES 1,774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,774. WEBSITE DESIGNER: PROGRAM SERVICE EXPENSES 2,010. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,010. VIDEOGRAPHERS: PROGRAM SERVICE EXPENSES 4,061. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,061. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,983. MANAGEMENT AND GENERAL EXPENSES 13,048. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,031.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0144555
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0273258
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt031586
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt017988
IRS990/TravelGrp/TotalAmt017988
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt027952
IRS990/UnrestrictedNetAssetsGrp/EOYAmt029936
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0262 WEST 107TH STREET NO 3B
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010025
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.TENET.NYC
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MAURA FITZPATRICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02122224066
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TENET NYC INC
ReturnHeader/Filer/BusinessNameControlTxt0TENE
ReturnHeader/Filer/EIN0200636695
ReturnHeader/Filer/PhoneNum06464705809
ReturnHeader/Filer/USAddress/AddressLine1Txt0262 WEST 107TH STREET NO 3B
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010025
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId086F676558C5ABFCC0DF21F11DDCFA29576EADB98
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B6C24598BE07356EEEB63AE8359C3E3CDE1CF70E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.206.80.74
ReturnHeader/FilingSecurityInformation/IPDt02018-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:55:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810926770
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NCHENG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 WALL STREET 32ND FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010005
ReturnHeader/PreparerPersonGrp/PhoneNum02127850100
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALWAYNE BURKE CPA
ReturnHeader/ReturnTs02018-11-07T10:37:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.06$2.07$5.18$3.46$1.72
2024Detailed filing. Detailed filing data is available for this year.$0.44$0.09$0.35$3.39$3.38$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.40$0.06$0.35$3.07$3.17$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.06$0.44$3.94$4.63$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.06$1.14$3.01$2.45$0.56
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$4.72$4.51$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$3.35$3.27$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.02$0.30$2.73$2.71$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$2.24$2.45$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$2.14$2.12$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$2.76$2.51$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$2.32$2.37$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$2.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.17$1.56$1.51$0.05