Civic Intelligence

Press Street

990 • Fiscal year 2019 • EIN 20-5154240

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

3718 St Claude AveNew Orleans, LA 70117

(504) 298-3161

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

50th percentile

3.1%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

6th percentile

-22%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

90th percentile

64%

Faster revenue growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$403,711

Down $114,856 (-22%) from 2018

Net Assets

Up

$391,566

Up $44,473 (+13%) from 2018

Liabilities

Down

$12,145

Down $159,329 (-93%) from 2018

Revenue

Up

$1,432,121

Up $558,667 (+64%) from 2018

Expenses

Up

$1,387,648

Up $536,832 (+63%) from 2018

Net Income

Up

$44,473

Up $21,835 (+96%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $34,109Liabilities 2011: $0Net Assets 2011: $34,1092011Assets 2012: $26,686Liabilities 2012: $0Net Assets 2012: $26,6862012Assets 2013: $19,159Liabilities 2013: $0Net Assets 2013: $19,1592013Assets 2014: $93,604Liabilities 2014: $65,419Net Assets 2014: $28,1852014Assets 2015: $165,079Liabilities 2015: $74,195Net Assets 2015: $90,8842015Assets 2016: $170,063Liabilities 2016: $82,139Net Assets 2016: $87,9242016Assets 2017: $239,963Liabilities 2017: $82,148Net Assets 2017: $157,8152017Assets 2018: $518,567Liabilities 2018: $171,474Net Assets 2018: $347,0932018Assets 2019: $403,711Liabilities 2019: $12,145Net Assets 2019: $391,5662019Assets 2020: $943,894Liabilities 2020: $73,237Net Assets 2020: $870,6572020Assets 2021: $1,128,807Liabilities 2021: $500,000Net Assets 2021: $628,8072021Assets 2022: $1,237,070Liabilities 2022: $433,559Net Assets 2022: $803,5112022Assets 2023: $1,069,831Liabilities 2023: $889,950Net Assets 2023: $179,8812023

Highlighted filing

2019

Assets$403,711
Liabilities$12,145
Net Assets$391,566

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $115,310Expenses 2011: $90,969Net Income 2011: $24,3412011Revenue 2012: $42,291Expenses 2012: $49,714Net Income 2012: -$7,4232012Revenue 2013: $138,654Expenses 2013: $146,181Net Income 2013: -$7,5272013Revenue 2014: $306,020Expenses 2014: $224,650Net Income 2014: $81,3702014Revenue 2015: $263,603Expenses 2015: $200,904Net Income 2015: $62,6992015Revenue 2016: $272,893Expenses 2016: $277,219Net Income 2016: -$4,3262016Revenue 2017: $526,026Expenses 2017: $456,135Net Income 2017: $69,8912017Revenue 2018: $873,454Expenses 2018: $850,816Net Income 2018: $22,6382018Revenue 2019: $1,432,121Expenses 2019: $1,387,648Net Income 2019: $44,4732019Revenue 2020: $2,054,747Expenses 2020: $1,523,034Net Income 2020: $531,7132020Revenue 2021: $1,206,198Expenses 2021: $1,457,804Net Income 2021: -$251,6062021Revenue 2022: $1,471,249Expenses 2022: $1,669,120Net Income 2022: -$197,8712022Revenue 2023: $473,482Expenses 2023: $583,557Net Income 2023: -$110,0752023

Highlighted filing

2019

Revenue$1,432,121
Expenses$1,387,648
Net Income$44,473
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.0
Gross Receipts
$1,434,304
Mission and Program Overview

Mission

Press Street is committed to being a vital participant in the life of New Orleans by creating and supporting artist and writer driven programs including exhibitions, events, publicaitons, and arts education.

Press Street is committed to being a vital participant in the life of New Orleans by creating and supporting artist- and writer- driven programs- including exhibitions, events, publications, and arts education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$83,643$240,814▲ $157,171
Savings and Temporary Cash Investments$358,751$98,274▼ $260,477
Land, Buildings, and Equipment, Net$47,723$36,173▼ $11,550
Inventories for Sale or Use$13,700$13,700→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$518,567$403,711▼ $114,856
Other Assets Total$14,750$14,750→ $0
Liabilities
Accounts Payable and Accrued Expenses$171,474$12,145▼ $159,329
Total Liabilities$171,474$12,145▼ $159,329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$319,643$391,566▲ $71,923
Net Assets With Donor Restrictions$27,450--
Total Net Assets Fund Balance$347,093$391,566▲ $44,473
Total Liabilities and Net Assets / Fund Balance$518,567$403,711▼ $114,856

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$36,173$43,072-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robin LevyPresident
Wayne AmedeeVice President
Cherie TeamerDirector
Claudia BarkerDirector
Jennie WestDirector
Raine BedsoleDirector
Ron BechetDirector
Stephanie AtkinsDirector
Jessica KinnisonSecretary
Alicia BendanaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,239,303
Program Service Revenue
$170,894
Investment Income
$1,630
Other Revenue
$20,294
All Other Contributions
$1,237,297
Change in Net Assets
$44,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$904,705
Other Expenses$289,464
Salaries, Compensation, and Employee Benefits$193,479
Total Fundraising Expense$7,313
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$904,705--$904,705
Other Salaries and Wages$96,154$63,379-$159,533
Occupancy$45,344$8,502$2,834$56,680
Payroll Taxes$19,777$13,036-$32,813
Depreciation Depletion-$11,550-$11,550
Office Expenses-$3,628-$3,628
Fees for Services Accounting-$3,565-$3,565
All Other Expenses$2,007$1,287-$3,294
Advertising--$2,354$2,354
Other Expenses$2,675$7,259$2,125$2,125
Travel-$2,096-$2,096
Other Employee Benefits$683$450-$1,133
Conferences and Meetings-$95-$95
Total Functional Expenses$1,265,488$114,847$7,313$1,387,648
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,477
Fundraising Direct Expenses$2,183
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
In the Fold$22,477$22,477$2,183$20,294
Total Events$22,477$22,477$2,183$20,294
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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

990 is approved by the board at a regular board meeting.

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

All policies, governing documents, and financial records are provided to board members, employees, and volunteers in the form of an organization handbook, which is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Press Street dba Antenna
EIN
20-5154240
Phone
5042983161
Address
3718 St Claude Ave, New Orleans, LA 70117

Signing Officer

Name
Robert Snead
Title
Executive Director
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
La
Voting Board Members
10
Independent Board Members
0
Employees
0

Preparer

Firm
Hymel & Ready apac
Address
900 Camp St Suite 452, New Orleans, LA 70130
Preparer
Aaron Ready
Phone
5045985245
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Antenna's Paper Machine is a 5000 sq ft print facility that houses Antenna's press, producing artist- and writer-driven publications, with a focus on projects relevant to New Orleans. OTHER PROGRAM SERVICES 5: Fossil Free Festival was launched in April 2018 as a weeklong program of art, films, food, music, and conversations about the ethics and complexities of funding public cultural, educational, and scientific institutions with fossil fuel philanthropy. The event initiated a rich conversation among artists, activists, tribal leaders, scientists, educators, administrators, and the general public. OTHER PROGRAM SERVICES 6: Antenna?s Room 220 online publication, started in 2011, has been called ?the only place to find serious (and irreverent) discussion of literature in New Orleans? by the New York Review of Books. Growing from modest convenings in the former Colton School to a virtual clearinghouse for literary culture in New Orleans, Room 220 hosts workshops and literary events, including evening salon reading series. OTHER PROGRAM SERVICES 7: Signals is a variety show-styled event with each ?issue? featuring a cross discipline spread of 6-8 local artists, writers, musicians, scientists, activists and scholars whose practices relate thematically. The live magazine drops 4 times each year, accompanied by the release of two-dimensional print zines and now an online documentary series. OTHER PROGRAM SERVICES 8: The Spillways residency is a way of providing the meaningful dispersion of outside thought and practice into the city through the development of creative feats. Spillways hosts national and international artists, writers, and cultural organizers that are interested in developing projects within the greater New Orleans region, and whose efforts question, transform, or expand the vibrant visual and literary culture of the area. At least four residents are chosen each year to develop ambitious projects that aim for thoughtful public impact and engagement within the greater New Orleans region.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Antenna's Platforms Fund is a re-granting program operated in conjunction with the Warhol Foundation for the Visual Arts's regional re-granting network initiative. It presents the opportunity for local artists, collectives, and cultural organizers to apply for up to $5,000 in funding for support of independent artistic initiatives in and around New Orleans. Program benefits approximately 50 artists each years as well as the audiences they serve.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Antenna Gallery: A community arts space that hosts free art exhibitions, film screenings, workshops, artist talks, readings, performances, artist residencies, and provides artist grants. Benefits over 5000 annually.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Antenna's Paper Machine is a 5000 sq ft print facility that houses Antenna's press, producing artist- and writer-driven publications, with a focus on projects relevant to New Orleans. OTHER PROGRAM SERVICES 5: Fossil Free Festival was launched in April 2018 as a weeklong program of art, films, food, music, and conversations about the ethics and complexities of funding public cultural, educational, and scientific institutions with fossil fuel philanthropy. The event initiated a rich conversation among artists, activists, tribal leaders, scientists, educators, administrators, and the general public. OTHER PROGRAM SERVICES 6: Antenna?s Room 220 online publication, started in 2011, has been called ?the only place to find serious (and irreverent) discussion of literature in New Orleans? by the New York Review of Books. Growing from modest convenings in the former Colton School to a virtual clearinghouse for literary culture in New Orleans, Room 220 hosts workshops and literary events, including evening salon reading series. OTHER PROGRAM SERVICES 7: Signals is a variety show-styled event with each ?issue? featuring a cross discipline spread of 6-8 local artists, writers, musicians, scientists, activists and scholars whose practices relate thematically. The live magazine drops 4 times each year, accompanied by the release of two-dimensional print zines and now an online documentary series. OTHER PROGRAM SERVICES 8: The Spillways residency is a way of providing the meaningful dispersion of outside thought and practice into the city through the development of creative feats. Spillways hosts national and international artists, writers, and cultural organizers that are interested in developing projects within the greater New Orleans region, and whose efforts question, transform, or expand the vibrant visual and literary culture of the area. At least four residents are chosen each year to develop ambitious projects that aim for thoughtful public impact and engagement within the greater New Orleans region.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 is approved by the board at a regular board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All policies, governing documents, and financial records are provided to board members, employees, and volunteers in the form of an organization handbook, which is made available to the public upon request.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.89$0.18$0.47$0.58$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.43$0.80$1.47$1.67$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.13$0.50$0.63$1.21$1.46$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.07$0.87$2.05$1.52$0.53
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.39$1.43$1.39$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.17$0.35$0.87$0.85$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.08$0.16$0.53$0.46$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.08$0.09$0.27$0.28$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.07$0.09$0.26$0.20$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.07$0.03$0.31$0.22$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.14$0.15$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.04$0.05$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.12$0.09$0.02