Civic Intelligence

Innovative Arts Inc Co Michael Carson

EIN 20-4913283 • 501(c)3 • New York, NY

Profile

To promote theatrical arts

115 West 73 Street No 6CNew York, NY 10023

n/A

Siviq Scores

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

Liabilities / Assets

99th percentile

18.10x

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

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

21.23x

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

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

3rd percentile

-788%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-93%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$3,388

Up $337 (+11%) from 2019

Liabilities

Up

$61,313

Up $23,105 (+60%) from 2019

Net Assets

Down

-$57,925

Down $22,768 (-65%) from 2019

Operations
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Down

$2,888

Down $38,659 (-93%) from 2019

Expenses

Down

$25,656

Down $25,153 (-50%) from 2019

Net Income

Down

-$22,768

Down $13,506 (-146%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$100K$50K$0-$50K-$100KAssets 2011: $3,892Liabilities 2011: $02011Assets 2012: $3,294Liabilities 2012: $4572012Assets 2013: $3,702Liabilities 2013: $1,356Net Assets 2013: $2,3462013Assets 2014: $3,100Liabilities 2014: $2,324Net Assets 2014: $7762014Assets 2015: $3,481Liabilities 2015: $2,324Net Assets 2015: $1,1572015Assets 2016: $3,718Liabilities 2016: $19,609Net Assets 2016: -$15,8912016Assets 2017: $1,496Liabilities 2017: $29,084Net Assets 2017: -$27,5882017Assets 2019: $3,051Liabilities 2019: $38,208Net Assets 2019: -$35,1572019Assets 2020: $3,388Liabilities 2020: $61,313Net Assets 2020: -$57,9252020

Highlighted filing

2020

Assets$3,388
Liabilities$61,313
Net Assets-$57,925
Open 2020 Filing

Operations Trend

Revenue Growth6th percentile

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

$60K$40K$20K$0-$20K-$40KRevenue 2011: $7,073Expenses 2011: $6,633Net Income 2011: $4402011Revenue 2012: $4,196Expenses 2012: $5,251Net Income 2012: -$1,0552012Revenue 2013: $6,128Expenses 2013: $6,619Net Income 2013: -$4912013Revenue 2014: $9,625Expenses 2014: $11,195Net Income 2014: -$1,5702014Revenue 2015: $9,956Expenses 2015: $9,575Net Income 2015: $3812015Revenue 2016: $3,818Expenses 2016: $20,866Net Income 2016: -$17,0482016Revenue 2017: $5,483Expenses 2017: $17,180Net Income 2017: -$11,6972017Revenue 2019: $41,547Expenses 2019: $50,809Net Income 2019: -$9,2622019Revenue 2020: $2,888Expenses 2020: $25,656Net Income 2020: -$22,7682020

Highlighted filing

2020

Revenue$2,888
Expenses$25,656
Net Income-$22,768
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,388
Liabilities
$61,313
Net assets
-$57,925
Revenue
$2,888
Expenses
$25,656
Net income
-$22,768
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$3.39$61.3$57.9$2.89$25.7$22.8
2019Detailed filing. Detailed filing data is available for this year.$3.05$38.2$35.2$41.5$50.8$9.26
2017Detailed filing. Detailed filing data is available for this year.$1.50$29.1$27.6$5.48$17.2$11.7
2016Detailed filing. Detailed filing data is available for this year.$3.72$19.6$15.9$3.82$20.9$17.0
2015Detailed filing. Detailed filing data is available for this year.$3.48$2.32$1.16$9.96$9.58$0.38
2014Detailed filing. Detailed filing data is available for this year.$3.10$2.32$0.78$9.63$11.2$1.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$1.36$2.35$6.13$6.62$0.49
2012Summary only. Only limited summary data is available for this year.$3.29$0.46$4.20$5.25$1.06
2011Summary only. Only limited summary data is available for this year.$3.89$0.00$7.07$6.63$0.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Mar 22, 2021
Return Version
2019v5.2
Gross Receipts
$2,888
Mission and Program Overview

Mission

To promote theatrical arts

Program Services

DescriptionGrantsExpenses
PROMOTION OF THEATRICAL ARTS$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL CARSONExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Innovative Arts Inc
EIN
20-4913283
Phone
2127652300
Address
115 WEST 73 STREET NO 6C, NEW YORK, NY 10023

Signing Officer

Name
Michael Carson
Title
Executive Director
Phone
2127652300
Signed
2021-03-22
Discuss with paid preparer
Yes

Preparer

Firm
Ceasar & Smilow Llp
Address
60 CUTTER MILL ROAD SUITE 512, GREAT NECK, NY 11021
Preparer
Lawrence G Ceasar
Phone
5164665280
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

“Description: depreciation/amortization. Amount: 296.”

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

“Description: event costs. Amount: 18,480. Description: contest and miscellaneous. Amount: 1,455. Total to form 990-ez, line 16: 19,935.”

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

“Description: other depreciable assets. Beg. Of year amount: 789. End of year amount: 493.”

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

“Description: due to/from michael carson productions. Beg. Of year amount: 38,208. End of year amount: 61,313.”

Raw XML Appendix128 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TAXPAYER
IRS990EZ/BooksInCareOfDetail/PhoneNum02127652300
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0115 WEST 73 STREET APT 6C
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010023
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02262
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02895
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt02888
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-22768
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05425
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt03051
IRS990EZ/Form990TotalAssetsGrp/EOYAmt03388
IRS990EZ/GrossReceiptsAmt02888
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-35157
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-57925
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-35157
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-57925
IRS990EZ/OccupancyRentUtltsAndMaintAmt0296
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL CARSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0789
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0493
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt019935
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE THEATRICAL ARTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTION OF THEATRICAL ARTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt038208
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt061313
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt025656
IRS990EZ/TotalRevenueAmt02888
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt040578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011599
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt062478
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt062478
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt040578
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011599
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03818
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt062478
IRS990ScheduleA/TotalSupportAmt062478
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 296.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: EVENT COSTS. AMOUNT: 18,480. DESCRIPTION: CONTEST AND MISCELLANEOUS. AMOUNT: 1,455. TOTAL TO FORM 990-EZ, LINE 16: 19,935.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 789. END OF YEAR AMOUNT: 493.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO/FROM MICHAEL CARSON PRODUCTIONS. BEG. OF YEAR AMOUNT: 38,208. END OF YEAR AMOUNT: 61,313.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/PersonNm0MICHAEL CARSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02127652300
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATIVE ARTS INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O MICHAEL CARSON
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0204913283
ReturnHeader/Filer/PhoneNum02127652300
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 WEST 73 STREET NO 6C
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010023
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132623070
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CEASAR & SMILOW LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt060 CUTTER MILL ROAD SUITE 512
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREAT NECK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011021
ReturnHeader/PreparerPersonGrp/PhoneNum05164665280
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE G CEASAR
ReturnHeader/ReturnTs02021-03-22T12:23:51-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-05-01
ReturnHeader/TaxPeriodEndDt02020-04-30
ReturnHeader/TaxYr02019

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