Civic Intelligence

Downtown Arts Development Inc

990 • Fiscal year 2014 • EIN 20-0721610

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

155 Varick St10013

(212) 608-0555

Siviq Scores

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

Liabilities / Assets

98th percentile

3.85x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

8th percentile

-52%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Assets

Down

$8,874

Down $9,528 (-52%) from 2013

Net Assets

Flat

-$25,258

Flat from 2013

Liabilities

Down

$34,132

Down $9,528 (-22%) from 2013

Revenue

Flat

$0

Flat from 2013

Expenses

Down

$0

Down $900 (-100%) from 2013

Net Income

Up

$0

Up $900 (+100%) from 2013

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2011: $26,327Liabilities 2011: $43,660Net Assets 2011: -$17,3332011Assets 2012: $19,302Liabilities 2012: $43,660Net Assets 2012: -$24,3582012Assets 2013: $18,402Liabilities 2013: $43,660Net Assets 2013: -$25,2582013Assets 2014: $8,874Liabilities 2014: $34,132Net Assets 2014: -$25,2582014Assets 2015: $57,210Liabilities 2015: $6,693Net Assets 2015: $50,5172015Assets 2016: $17,490Liabilities 2016: $6,693Net Assets 2016: $10,7972016Assets 2017: $7,268Liabilities 2017: $6,693Net Assets 2017: $5752017Assets 2018: $389Liabilities 2018: $0Net Assets 2018: $3892018

Highlighted filing

2014

Assets$8,874
Liabilities$34,132
Net Assets-$25,258

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $19,677Expenses 2011: $19,460Net Income 2011: $2172011Expenses 2012: $7,4612012Revenue 2013: $0Expenses 2013: $900Net Income 2013: -$9002013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $102,396Expenses 2015: $26,620Net Income 2015: $75,7762015Revenue 2016: $5,367Expenses 2016: $45,087Net Income 2016: -$39,7202016Revenue 2017: $7Expenses 2017: $10,229Net Income 2017: -$10,2222017Revenue 2018: $8,559Expenses 2018: $8,170Net Income 2018: $3892018

Highlighted filing

2014

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

The promotion of the performing and visual arts

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$40,110$34,132▼ $5,978
Cash and Non-Interest-Bearing Accounts$8,874$8,874→ $0
Pledges and Grants Receivable$6,139--
Prepaid Expenses and Deferred Charges$3,389--
Total Assets$18,402$8,874▼ $9,528
Liabilities
Accounts Payable and Accrued Expenses$3,550--
Total Liabilities$43,660$34,132▼ $9,528
Net Assets / Fund Balance
Unrestricted Net Assets$-25,258$-25,258→ $0
Total Net Assets Fund Balance$-25,258$-25,258→ $0
Total Liabilities and Net Assets / Fund Balance$18,402$8,874▼ $9,528
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael DorfChairman
Basya SchecterDirector
David KaufthalDirector
Nina AledortSecretary
Josh LeitnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
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$40,110$34,132▼ $5,978
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

EIN
20-0721610
Phone
2126080555

Signing Officer

Name
Michael Dorf
Title
Executive Director
Phone
2126080555
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Dorf
Formed
2004
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
12

Preparer

Preparer
Douglas G Sipe CPA LLC
Phone
9086875558
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 reviewed by the executive director

Raw XML Appendix267 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/FormationYr02004
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ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/Filer/USAddress/State0NY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Douglas G Sipe CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10235 US Highway 22 Suite 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Green Brook
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode008812
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-05-15T11:16:38-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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