Civic Intelligence

Literary & Arts Foundation

990 • Fiscal year 2014 • EIN 20-5180551

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization ProfileWWW.LITERARYANDARTSFOUNDATION.COM
186 Mohonk RoadHigh Falls, NY 12440

(845) 646-7186

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

1st percentile

-5523%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

74th percentile

$0

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

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

7th percentile

-56%

Faster revenue growth than 7% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$271,530

Down $40,977 (-13%) from 2013

Net Assets

Down

$271,530

Down $40,977 (-13%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin1st percentile

Revenue

Down

$742

Down $937 (-56%) from 2013

Expenses

Up

$41,719

Up $21,109 (+102%) from 2013

Net Income

Down

-$40,977

Down $22,046 (-116%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$400K$300K$200K$100K$0Assets 2010: $291,784Liabilities 2010: $3,997Net Assets 2010: $287,7872010Assets 2011: $334,875Liabilities 2011: $3,997Net Assets 2011: $330,8782011Assets 2012: $331,438Liabilities 2012: $0Net Assets 2012: $331,4382012Assets 2013: $312,507Liabilities 2013: $0Net Assets 2013: $312,5072013Assets 2014: $271,530Liabilities 2014: $0Net Assets 2014: $271,5302014Assets 2015: $269,130Liabilities 2015: $0Net Assets 2015: $269,1302015Assets 2016: $269,130Liabilities 2016: $0Net Assets 2016: $269,1302016

Highlighted filing

2014

Assets$271,530
Liabilities$0
Net Assets$271,530
Open 2014 Filing

Operations Trend

Revenue Growth7th percentile

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

$100K$50K$0-$50KExpenses 2010: $44,0142010Expenses 2011: $69,8182011Expenses 2012: $21,1302012Revenue 2013: $1,679Expenses 2013: $20,610Net Income 2013: -$18,9312013Revenue 2014: $742Expenses 2014: $41,719Net Income 2014: -$40,9772014Revenue 2015: $0Expenses 2015: $2,400Net Income 2015: -$2,4002015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016

Highlighted filing

2014

Revenue$742
Expenses$41,719
Net Income-$40,977
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$742
Mission and Program Overview

Mission

collects donated books and distributes them free of charge to libraries, schools, hospitals, and similar institutions in the United States. The foundation only distributes books to organizations that are exempt from tax under IRC 501(c)(3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$312,507$271,530▼ $40,977
Cash and Non-Interest-Bearing Accounts$114,767$1,789▼ $112,978
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$312,507$271,530▼ $40,977
Other Assets Total$197,740$269,741▲ $72,001
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$312,507$271,530▼ $40,977
Total Liabilities and Net Assets / Fund Balance$312,507$271,530▼ $40,977

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$219,741--
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Brenda ReissDirector
Sidney ReissDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$742
Other Revenue
$0
Change in Net Assets
$-40,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$12,000--$12,000
Fees for Services Accounting$850--$850
Office Expenses-$318-$318
Other Expenses$10,000$100-$100
All Other Expenses-$80-$80
Total Functional Expenses$40,850$869$0$41,719
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
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
No
Annual disclosure for covered persons
No
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
Literary & Arts Foundation
EIN
20-5180551
Address
186 MOHONK ROAD, HIGH FALLS, NY 12440

Signing Officer

Name
Sidney Reiss
Title
Director
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Zapken & Loeb LLP
Address
3 Crossways Park Dr West, Woodbury, NY 11797-2010
Preparer
Walter Henning
Phone
5168225000
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LITERARY & ARTS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LITE
ReturnHeader/Filer/EIN0205180551
ReturnHeader/Filer/USAddress/AddressLine1Txt0186 MOHONK ROAD
ReturnHeader/Filer/USAddress/CityNm0HIGH FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012440
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Zapken & Loeb LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 Crossways Park Dr West
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Woodbury
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0117972010
ReturnHeader/PreparerPersonGrp/PhoneNum05168225000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WALTER HENNING
ReturnHeader/ReturnTs02015-11-13T06:02:06-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$271,530
Liabilities
$0
Net assets
$271,530
Revenue
$742
Expenses
$41,719
Net income
-$40,977
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.00$0.02$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.01$0.42$0.41
2013Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.02$0.21$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$0.00$3.31$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.04$3.31$0.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.04$2.88$0.44