Innovative Arts Inc

990EZ • Fiscal year 2014 • EIN 20-4913283

May 01, 2013 to Apr 30, 2014 • Filed on Aug 18, 2014

Organization Profile N/A

250 West 54th Street10019

(212) 765-2300

Siviq Scores

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

0.75x

Higher debt load relative to assets than 92% of similar nonprofits.

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

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

-16%

Higher net margin than 18% of similar nonprofits.

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

Higher top officer pay than 74% of similar nonprofits.

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

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

-16%

Faster asset growth than 23% of similar nonprofits.

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

57%

Faster revenue growth than 87% of similar nonprofits.

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

Balance Sheet

Liabilities / Assets92nd percentile

Assets

Down

$3,100

Down $602 (-16%) from 2013

Net Assets

Down

$776

Down $1,570 (-67%) from 2013

Liabilities

$2,324

Up $968 (+71%) from 2013

Revenue And Expenses

Liabilities / Revenue88th percentile Net Margin18th percentile

Revenue

$9,625

Up $3,497 (+57%) from 2013

Expenses

$11,195

Up $4,576 (+69%) from 2013

Net Income

Down

-$1,570

Down $1,079 (-220%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

Highlighted filing

2014

Assets$3,100

Liabilities$2,324

Net Assets$776

Open 2014 Filing

Operations Trend

Revenue Growth87th percentile

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

Highlighted filing

2014

Revenue$9,625

Expenses$11,195

Net Income-$1,570

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: May 1, 2013 to Apr 30, 2014
Signed: Aug 18, 2014
Return Version: 2013v3.0
Gross Receipts: $9,625

Mission and Program Overview

Mission

To promote theatrical arts

Program Services

Description	Grants	Expenses
PROMOTION OF THEATRICAL ARTS	$0	$0

Compensation and Service Providers

Top Officer Pay74th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
MICHAEL CARSON	Executive Director	PT	$0	-	-

Filing and Contact Details

Filer

EIN: 20-4913283
Phone: 2127652300

Signing Officer

Name: Michael Carson
Title: Executive Director
Phone: 2127652300
Signed: 2014-08-18
Discuss with paid preparer: Yes

Preparer

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: 9,928. Description: office supplies. Amount: 414. Description: advertising. Amount: 339. Description: travel. Amount: 218. Total to form 990-ez, line 16: 10,899.”

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

“Description: other depreciable assets. Beg. Of year amount: 2,565. End of year amount: 2,269.”

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

“Description: due to/from innovative arts. Beg. Of year amount: 1,356. End of year amount: 2,324.”

Raw XML Appendix124 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/ActivitiesNotPreviouslyRptInd	0	0
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1	0	TAXPAYER
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2127652300
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	250 WEST 54TH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	10019
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	1137
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	831
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	9625
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/EngagedInExcessBenefitTransInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	-1570
IRS990EZ/FiledScheduleAInd	0	1
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	3702
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	3100
IRS990EZ/GrossReceiptsAmt	0	9625
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	2346
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	776
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	2346
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	776
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	296
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	MICHAEL CARSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	2565
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	2269
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	10899
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	TO PROMOTE THEATRICAL ARTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	PROMOTION OF THEATRICAL ARTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	0
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	0
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	NY
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	1356
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	2324
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	11195
IRS990EZ/TotalRevenueAmt	0	9625
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	9625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	6128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	4196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	7073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	27022
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	27022
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	9625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	6128
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	4196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	7073
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	27022
IRS990ScheduleA/TotalSupportAmt	0	27022
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 296.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: EVENT COSTS. AMOUNT: 9,928. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 414. DESCRIPTION: ADVERTISING. AMOUNT: 339. DESCRIPTION: TRAVEL. AMOUNT: 218. TOTAL TO FORM 990-EZ, LINE 16: 10,899.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 2,565. END OF YEAR AMOUNT: 2,269.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	DESCRIPTION: DUE TO/FROM INNOVATIVE ARTS. BEG. OF YEAR AMOUNT: 1,356. END OF YEAR AMOUNT: 2,324.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE 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/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	MICHAEL CARSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2127652300
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	INNOVATIVE ARTS INC CO MICHAEL CARSON
ReturnHeader/Filer/BusinessNameControlTxt	0	INNO
ReturnHeader/Filer/EIN	0	204913283
ReturnHeader/Filer/PhoneNum	0	2127652300
ReturnHeader/Filer/USAddress/AddressLine1	0	250 WEST 54TH STREET
ReturnHeader/Filer/USAddress/City	0	NEW YORK
ReturnHeader/Filer/USAddress/State	0	NY
ReturnHeader/Filer/USAddress/ZIPCode	0	10019
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	132623070
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	CEASAR & SMILOW LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	60 CUTTER MILL ROAD SUITE 512
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	GREAT NECK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	11021
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5164665280
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	LAWRENCE G CEASAR
ReturnHeader/ReturnTs	0	2014-08-15T09:17:56-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-05-01
ReturnHeader/TaxPeriodEndDt	0	2014-04-30
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $3,100
Liabilities: $2,324
Net assets: $776
Revenue: $9,625
Expenses: $11,195
Net income: -$1,570

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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