Civic Intelligence

Figment Project Inc.

990 • Fiscal year 2017 • EIN 20-4582464

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 06, 2017

111 East 14th Street 369New York, NY 10003

(646) 391-4729

Siviq Scores

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

Liabilities / Assets

66th percentile

0.04x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Net Margin

60th percentile

11%

Higher net margin than 60% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Asset Growth

74th percentile

36%

Faster asset growth than 74% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

21%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Flat

$117,997

Flat from 2017

Net Assets

Flat

$112,689

Flat from 2017

Liabilities

Flat

$5,308

Flat from 2017

Revenue

Flat

$270,953

Flat from 2017

Expenses

Flat

$241,378

Flat from 2017

Net Income

Flat

$29,575

Flat 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 2010: $32,900Liabilities 2010: $5,362Net Assets 2010: $27,5382010Assets 2011: $37,668Liabilities 2011: $27,985Net Assets 2011: $9,6832011Assets 2012: $90,353Liabilities 2012: $12,205Net Assets 2012: $78,1482012Assets 2013: $66,924Liabilities 2013: $7,958Net Assets 2013: $58,9662013Assets 2014: $170,288Liabilities 2014: $39,944Net Assets 2014: $130,3442014Assets 2015: $157,163Liabilities 2015: $6,626Net Assets 2015: $150,5372015Assets 2016: $86,957Liabilities 2016: $3,843Net Assets 2016: $83,1142016Assets 2017: $117,997Liabilities 2017: $5,308Net Assets 2017: $112,6892017Assets 2017: $117,997Liabilities 2017: $5,308Net Assets 2017: $112,6892017Assets 2018: $77,257Liabilities 2018: $10,474Net Assets 2018: $66,7832018Assets 2019: $123,872Liabilities 2019: $5,936Net Assets 2019: $117,9362019Assets 2020: $162,845Liabilities 2020: $12,522Net Assets 2020: $150,3232020Assets 2021: $171,994Liabilities 2021: $9,1532021Assets 2022: $125,462Liabilities 2022: $7,486Net Assets 2022: $117,9762022Assets 2023: $154,943Liabilities 2023: $72,302Net Assets 2023: $82,6412023Assets 2024: $256,717Liabilities 2024: $189,0472024Assets 2025: $175,208Liabilities 2025: $0Net Assets 2025: $175,2082025

Highlighted filing

2017

Assets$117,997
Liabilities$5,308
Net Assets$112,689

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $139,610Expenses 2010: $126,967Net Income 2010: $12,6432010Revenue 2011: $92,202Expenses 2011: $110,057Net Income 2011: -$17,8552011Revenue 2012: $162,068Expenses 2012: $93,603Net Income 2012: $68,4652012Revenue 2013: $156,674Expenses 2013: $175,855Net Income 2013: -$19,1812013Revenue 2014: $259,912Expenses 2014: $222,834Net Income 2014: $37,0782014Revenue 2015: $259,473Expenses 2015: $239,280Net Income 2015: $20,1932015Revenue 2016: $224,731Expenses 2016: $292,154Net Income 2016: -$67,4232016Revenue 2017: $270,953Expenses 2017: $241,378Net Income 2017: $29,5752017Revenue 2017: $270,953Expenses 2017: $241,378Net Income 2017: $29,5752017Revenue 2018: $205,778Expenses 2018: $251,684Net Income 2018: -$45,9062018Revenue 2019: $217,158Expenses 2019: $181,005Net Income 2019: $36,1532019Revenue 2020: $167,835Expenses 2020: $137,831Net Income 2020: $30,0042020Revenue 2021: $86,281Expenses 2021: $73,763Net Income 2021: $12,5182021Revenue 2022: $117,383Expenses 2022: $166,862Net Income 2022: -$49,4792022Revenue 2023: $97,213Expenses 2023: $112,346Net Income 2023: -$15,1332023Revenue 2024: $80,162Expenses 2024: $95,134Net Income 2024: -$14,9722024Revenue 2025: $153,917Expenses 2025: $231,519Net Income 2025: -$77,6022025

Highlighted filing

2017

Revenue$270,953
Expenses$241,378
Net Income$29,575
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 6, 2017
Return Version
2016v3.0
Gross Receipts
$279,439
Mission and Program Overview

Mission

The mission of figment project, inc. Is to build community through the participatory arts, inspiring personal and social transformation by creating cultural events and experiences in a spirit of particpation and inclusion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,023$82,325▲ $33,302
Prepaid Expenses and Deferred Charges$11,670$22,123▲ $10,453
Intangible Assets$24,264$13,549▼ $10,715
Pledges and Grants Receivable$2,000--
Total Assets$86,957$117,997▲ $31,040
Liabilities
Accounts Payable and Accrued Expenses$3,843$4,308▲ $465
Deferred Revenue-$1,000-
Total Liabilities$3,843$5,308▲ $1,465
Net Assets / Fund Balance
Unrestricted Net Assets$72,899$112,689▲ $39,790
Temporarily Rstr Net Assets$10,215--
Total Net Assets Fund Balance$83,114$112,689▲ $29,575
Total Liabilities and Net Assets / Fund Balance$86,957$117,997▲ $31,040
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$253,588
Program Service Revenue
$18,298
Investment Income
$15
Other Revenue
$-948
All Other Contributions
$234,299
Change in Net Assets
$29,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,274
Salaries, Compensation, and Employee Benefits$92,104
Total Fundraising Expense$31,918
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$56,608$24,261$80,869
Insurance$17,113$15,259-$32,372
All Other Expenses$10,861$3,531$4,286$18,678
Depreciation Depletion$10,715--$10,715
Other Expenses$8,577--$8,577
Office Expenses$2,580$4,124-$6,704
Payroll Taxes-$4,411$1,891$6,302
Travel$2,747$3,480-$6,227
Other Employee Benefits-$3,453$1,480$4,933
Fees for Services Accounting-$4,352-$4,352
Advertising$592--$592
Total Functional Expenses$114,242$95,218$31,918$241,378
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,486
Fundraising Gross Income$6,102
Professional Fundraising Fees$0
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
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
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, Page 6, Part VI, Line 11B

The accounting firm prepares a draft of the form 990 and submits it to the treausurer. The treasurer reviews the draft with the exeuctive director. The tax return is reviewed for accruacy. The questions are thoroughly reviewed, and compared to prior year. The role of the board member is to ensure that the bookkeeping is done correctly,timely, internal financial statements are prepared, and that assistance is provided during the review and tax return preparation.

Form 990, Page 6, Part VI, Line 19

Made available to the public on the guidestar website which reports on not for profit organizations.

Filing and Contact Details

Filer

Filer Name
Figment Project Inc
EIN
20-4582464
Phone
6463914729
Address
111 EAST 14TH STREET 369, NEW YORK, NY 10003

Signing Officer

Name
Rachel Klein
Title
Treasurer
Phone
6464714251
Signed
2017-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Klein
Formed
2007
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
1,000

Preparer

Firm
Mayne Blumstein & Fingold Cpas Llp
Address
1991 SMITH STREET SUITE 100, MERRICK, NY 11566
Preparer
Wade H Blumstein
Phone
5168682400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of figment project, inc. Is to build community through the participatory arts, inspiring personal and social transformation by creating cultural events and experiences in a spirit of particpation and inclusion.

Raw XML Appendix393 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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IRS990ScheduleA/PublicSupportTotal509Amt0790553
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt089150
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt077500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt093633
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0124505
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt040165
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0424953
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt089150
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt077500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt093633
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0124505
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt040165
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0424953
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0279439
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0235347
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0271040
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0259912
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0169768
IRS990ScheduleA/Total509Grp/TotalAmt01215506
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0279439
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0235347
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0271040
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0259912
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0169768
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01215506
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF FIGMENT PROJECT, INC. IS TO BUILD COMMUNITY THROUGH THE PARTICIPATORY ARTS, INSPIRING PERSONAL AND SOCIAL TRANSFORMATION BY CREATING CULTURAL EVENTS AND EXPERIENCES IN A SPIRIT OF PARTICPATION AND INCLUSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ACCOUNTING FIRM PREPARES A DRAFT OF THE FORM 990 AND SUBMITS IT TO THE TREAUSURER. THE TREASURER REVIEWS THE DRAFT WITH THE EXEUCTIVE DIRECTOR. THE TAX RETURN IS REVIEWED FOR ACCRUACY. THE QUESTIONS ARE THOROUGHLY REVIEWED, AND COMPARED TO PRIOR YEAR. THE ROLE OF THE BOARD MEMBER IS TO ENSURE THAT THE BOOKKEEPING IS DONE CORRECTLY,TIMELY, INTERNAL FINANCIAL STATEMENTS ARE PREPARED, AND THAT ASSISTANCE IS PROVIDED DURING THE REVIEW AND TAX RETURN PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MADE AVAILABLE TO THE PUBLIC ON THE GUIDESTAR WEBSITE WHICH REPORTS ON NOT FOR PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt010215
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt086957
IRS990/TotalAssetsEOYAmt0117997
IRS990/TotalAssetsGrp/BOYAmt086957
IRS990/TotalAssetsGrp/EOYAmt0117997
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0253588
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031918
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095218
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114242
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03843
IRS990/TotalLiabilitiesEOYAmt05308
IRS990/TotalLiabilitiesGrp/BOYAmt03843
IRS990/TotalLiabilitiesGrp/EOYAmt05308
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt083114
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0112689
IRS990/TotalProgramServiceExpensesAmt0114242
IRS990/TotalProgramServiceRevenueAmt018298
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019749
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270953
IRS990/TotalVolunteersCnt01000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0117997
IRS990/TravelGrp/ManagementAndGeneralAmt03480
IRS990/TravelGrp/ProgramServicesAmt02747
IRS990/TravelGrp/TotalAmt06227
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt072899
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0112689
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0148 WEST 23RD ST 12J
IRS990/USAddress/AddressLine2Txt0148 WEST 23RD ST 12J
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010011
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.FIGMENTPROJECT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RACHEL KLEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06464714251
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIGMENT PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0FIGM
ReturnHeader/Filer/EIN0204582464
ReturnHeader/Filer/PhoneNum06463914729
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 EAST 14TH STREET 369
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010003
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId053D458C82320E5CA4BCA37F288A6CEEB15A0A3C7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId054043A608B15D9709ECFD4C1C4EF8B0683683D57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461949828
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAYNE BLUMSTEIN & FINGOLD CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01991 SMITH STREET SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERRICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011566
ReturnHeader/PreparerPersonGrp/PhoneNum05168682400
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE H BLUMSTEIN
ReturnHeader/ReturnTs02017-09-12T09:19:39-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.00$1.75$1.54$2.32$0.78
2024Summary only. Only limited summary data is available for this year.$2.57$1.89$0.80$0.95$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.55$0.72$0.83$0.97$1.12$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.07$1.18$1.17$1.67$0.49
2021Summary only. Only limited summary data is available for this year.$1.72$0.09$0.86$0.74$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.13$1.50$1.68$1.38$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.06$1.18$2.17$1.81$0.36
2018Summary only. Only limited summary data is available for this year.$0.77$0.10$0.67$2.06$2.52$0.46
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.05$1.13$2.71$2.41$0.30
2017Summary only. Only limited summary data is available for this year.$1.18$0.05$1.13$2.71$2.41$0.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.04$0.83$2.25$2.92$0.67
2015Detailed filing. Detailed filing data is available for this year.$1.57$0.07$1.51$2.59$2.39$0.20
2014Detailed filing. Detailed filing data is available for this year.$1.70$0.40$1.30$2.60$2.23$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.08$0.59$1.57$1.76$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.12$0.78$1.62$0.94$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.28$0.10$0.92$1.10$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.05$0.28$1.40$1.27$0.13