Civic Intelligence

Ardea Arts Inc

990 • Fiscal year 2016 • EIN 20-4937547

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

463 Broome StreetNew York, NY 10013

(212) 431-7039

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.17x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Net Margin

30th percentile

-3.6%

Higher net margin than 30% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$10,400

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Asset Growth

15th percentile

-35%

Faster asset growth than 15% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

94%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$69,835

Down $38,016 (-35%) from 2015

Net Assets

Down

$96

Down $14,638 (-99%) from 2015

Liabilities

Down

$69,739

Down $23,378 (-25%) from 2015

Revenue

Up

$407,966

Up $198,095 (+94%) from 2015

Expenses

Up

$422,604

Up $270,325 (+178%) from 2015

Net Income

Down

-$14,638

Down $72,230 (-125%) from 2015

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50K-$100KAssets 2011: $9,268Liabilities 2011: $53,5472011Assets 2012: $68,402Liabilities 2012: $72,5302012Assets 2013: $13,059Liabilities 2013: $25,903Net Assets 2013: -$12,8442013Assets 2014: $7,490Liabilities 2014: $43,5582014Assets 2015: $107,851Liabilities 2015: $93,117Net Assets 2015: $14,7342015Assets 2016: $69,835Liabilities 2016: $69,739Net Assets 2016: $962016Assets 2017: $25,020Liabilities 2017: $56,361Net Assets 2017: -$31,3412017Assets 2018: $25,212Liabilities 2018: $55,803Net Assets 2018: -$30,5912018Assets 2019: $29,456Liabilities 2019: $62,516Net Assets 2019: -$33,0602019Assets 2020: $15,495Liabilities 2020: $69,265Net Assets 2020: -$53,7702020Assets 2021: $10,334Liabilities 2021: $63,5472021Assets 2022: $7,423Liabilities 2022: $45,0662022Assets 2023: $3,675Liabilities 2023: $56,0532023Assets 2024: $131Liabilities 2024: $60,735Net Assets 2024: -$60,6042024

Highlighted filing

2016

Assets$69,835
Liabilities$69,739
Net Assets$96

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $34,459Expenses 2011: $42,245Net Income 2011: -$7,7862011Revenue 2012: $100,091Expenses 2012: $66,940Net Income 2012: $33,1512012Revenue 2013: $98,600Expenses 2013: $107,329Net Income 2013: -$8,7292013Revenue 2014: $101,977Expenses 2014: $125,201Net Income 2014: -$23,2242014Revenue 2015: $209,871Expenses 2015: $152,279Net Income 2015: $57,5922015Revenue 2016: $407,966Expenses 2016: $422,604Net Income 2016: -$14,6382016Revenue 2017: $289,944Expenses 2017: $321,381Net Income 2017: -$31,4372017Revenue 2018: $368,631Expenses 2018: $367,881Net Income 2018: $7502018Revenue 2019: $267,546Expenses 2019: $270,015Net Income 2019: -$2,4692019Revenue 2020: $317,905Expenses 2020: $338,615Net Income 2020: -$20,7102020Revenue 2021: $195,461Expenses 2021: $193,343Net Income 2021: $2,1182021Revenue 2022: $193,308Expenses 2022: $177,738Net Income 2022: $15,5702022Revenue 2023: $111,599Expenses 2023: $126,334Net Income 2023: -$14,7352023Revenue 2024: $89,602Expenses 2024: $97,828Net Income 2024: -$8,2262024

Highlighted filing

2016

Revenue$407,966
Expenses$422,604
Net Income-$14,638
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$407,966
Mission and Program Overview

Mission

Ardea Arts (New Opera for New Audiences)is a non-for-profit development and production company dedicated to creating and performing new opera and music theatre works of the highest professional quality, which challenge as well as entertain, speak to our diverse global community and champion the human spirit. Our committment extends to global audiences of all ages and all walks of life. We bring together unexpected artisits to redefine and revitalize opera for the 21st century. Our goal is to create work that brings new audiences and new generations to opera, and that travels into diverse communities to engage people and their communities both within and far outside the walls of the opera house.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$107,823$55,835▼ $51,988
Loans From Officers Directors$39,830$39,830→ $0
Pledges and Grants Receivable-$14,000-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$107,823$69,835▼ $37,988
Other Assets Total-$0-
Liabilities
Deferred Revenue$50,000--
Accounts Payable and Accrued Expenses-$19,967-
Other Liabilities$3,259$9,942▲ $6,683
Total Liabilities$93,089$69,739▼ $23,350
Net Assets / Fund Balance
Unrestricted Net Assets$14,734$96▼ $14,638
Total Net Assets Fund Balance$14,734$96▼ $14,638
Total Liabilities and Net Assets / Fund Balance$107,823$69,835▼ $37,988
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Grethe Barrett HolbyExecutive DirectorFT$10,400$10,400

Board Members and Trustees

NameTitle
Amy BevacquaDirector
Everett MccorveyDirector
J Speed CarrollDirector
Len ElmoreDirector
Raymond WetmoreDirector
Ibiayi BriggsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$406,892
Program Service Revenue
$604
Investment Income
$470
Other Revenue
$0
All Other Contributions
$406,892
Change in Net Assets
$-14,638

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$78,000Fair Market Value (FMV)
Total Noncash Contributions1$78,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,685
Salaries, Compensation, and Employee Benefits$207,919
Total Fundraising Expense$13,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$178,992-$178,992
Occupancy-$78,000-$78,000
Travel$6,667$612$13,662$20,941
Payroll Taxes-$18,527-$18,527
Current Officers, Directors, Trustees, and Key Employees-$10,400-$10,400
Office Expenses$5,048$4,441-$9,489
Advertising$5,000--$5,000
Other Expenses$1,983$3,714-$3,714
Information Technology-$3,499-$3,499
All Other Expenses$3,097$290-$3,387
Total Functional Expenses$47,649$361,293$13,662$422,604
Fundraising, Events, and Gaming
Fundraising activities
No
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$39,830$39,830→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card(s) Payable$9,942
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Ardea Arts Inc
EIN
20-4937547
Phone
2124317039
Address
463 BROOME STREET, NEW YORK, NY 10013

Signing Officer

Name
Grethe Barrett Holby
Title
Executive Director
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grethe Barrett Holby
Formed
2006
Legal Domicile
De
Voting Board Members
7
Independent Board Members
6
Employees
31
Volunteers
9

Preparer

Firm
Pellegrino Saccomani & Wells LLP
Address
722 Commerce Street, Thornwood, NY 10594
Preparer
Frank Pellegrino
Phone
9143455888
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt093
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0511
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt193
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0511
IRS990/ProgSrvcAccomActy2Grp/Desc0Musical production of a miracle on Christmas night.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08620
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt07000
IRS990/ProgSrvcAccomActy3Grp/Desc0Ardea Art Salon Series builds bridges between artists and audiences through the sharing of creative processes and fostering discussion. The quarterly program introduces new audiences to the art of making opera.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt030
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0206343
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0153
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt057360
IRS990/PYProgramServiceRevenueAmt03375
IRS990/PYRevenuesLessExpensesAmt057592
IRS990/PYSalariesCompEmpBnftPaidAmt066717
IRS990/PYTotalExpensesAmt0152279
IRS990/PYTotalProfFndrsngExpnsAmt028202
IRS990/PYTotalRevenueAmt0209871
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-14638
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt053415
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0406799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0206343
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt095631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt090275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0103550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0902598
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0470
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0153
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0346
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt056
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01226
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02251
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0604
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03375
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08269
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02315
IRS990ScheduleA/OtherIncome170Grp/TotalAmt020563
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97530
IRS990ScheduleA/PublicSupportPY170Pct00.94200
IRS990ScheduleA/PublicSupportTotal170Amt0902598
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0406799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0206343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt095631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt090275
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0103550
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0902598
IRS990ScheduleA/TotalSupportAmt0925412
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card(s) Payable
IRS990ScheduleD/TotalLiabilityAmt09942
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt039830
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0GRETHE BHOLBY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FOUNDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt039830
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt078000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0107823
IRS990/TotalAssetsEOYAmt069835
IRS990/TotalAssetsGrp/BOYAmt0107823
IRS990/TotalAssetsGrp/EOYAmt069835
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0406892
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013662
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0361293
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt047649
IRS990/TotalFunctionalExpensesGrp/TotalAmt0422604
IRS990/TotalGrossUBIAmt0511
IRS990/TotalLiabilitiesBOYAmt093089
IRS990/TotalLiabilitiesEOYAmt069739
IRS990/TotalLiabilitiesGrp/BOYAmt093089
IRS990/TotalLiabilitiesGrp/EOYAmt069739
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014734
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096
IRS990/TotalProgramServiceExpensesAmt047649
IRS990/TotalProgramServiceRevenueAmt0604
IRS990/TotalReportableCompFromOrgAmt010400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0563
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0407966

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.61$0.61$0.90$0.98$0.08
2023Summary only. Only limited summary data is available for this year.$0.04$0.56$1.12$1.26$0.15
2022Summary only. Only limited summary data is available for this year.$0.07$0.45$1.93$1.78$0.16
2021Summary only. Only limited summary data is available for this year.$0.10$0.64$1.95$1.93$0.02
2020Summary only. Only limited summary data is available for this year.$0.15$0.69$0.54$3.18$3.39$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.63$0.33$2.68$2.70$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.56$0.31$3.69$3.68$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.56$0.31$2.90$3.21$0.31
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.70$0.00$4.08$4.23$0.15
2015Summary only. Only limited summary data is available for this year.$1.08$0.93$0.15$2.10$1.52$0.58
2014Summary only. Only limited summary data is available for this year.$0.07$0.44$1.02$1.25$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.26$0.13$0.99$1.07$0.09
2012Summary only. Only limited summary data is available for this year.$0.68$0.73$1.00$0.67$0.33
2011Summary only. Only limited summary data is available for this year.$0.09$0.54$0.34$0.42$0.08