Civic Intelligence

Statement Arts Inc.

990 • Fiscal year 2020 • EIN 20-5198657

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 14, 2021

Organization ProfileWWW.STATEMENTARTS.ORG
2 River Terrace Suite 3KNew York, NY 10282

(800) 804-0081

Siviq Scores

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

Liabilities / Assets

50th percentile

0.00x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.00x

Higher debt load relative to revenue than 50% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

24%

Higher net margin than 66% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Top Officer Pay

85th percentile

$16,869

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Asset Growth

66th percentile

35%

Faster asset growth than 66% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

-6.7%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$207,006

Up $53,686 (+35%) from 2019

Net Assets

Up

$206,237

Up $53,364 (+35%) from 2019

Liabilities

Up

$769

Up $322 (+72%) from 2019

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin66th percentile

Revenue

Down

$218,948

Down $15,709 (-6.7%) from 2019

Expenses

Up

$167,083

Up $7,293 (+4.6%) from 2019

Net Income

Down

$51,865

Down $23,002 (-31%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$400K$300K$200K$100K$0-$100KAssets 2012: $4,038Liabilities 2012: -$12,8142012Assets 2013: $12,425Liabilities 2013: $7,8142013Assets 2014: $14,145Liabilities 2014: $02014Assets 2015: $39,500Liabilities 2015: $02015Assets 2016: $45,959Liabilities 2016: $8752016Assets 2017: $76,345Liabilities 2017: $02017Assets 2018: $78,081Liabilities 2018: $02018Assets 2019: $153,320Liabilities 2019: $447Net Assets 2019: $152,8732019Assets 2020: $207,006Liabilities 2020: $769Net Assets 2020: $206,2372020Assets 2021: $250,227Liabilities 2021: $1,087Net Assets 2021: $249,1402021Assets 2022: $310,314Liabilities 2022: $8,425Net Assets 2022: $301,8892022Assets 2023: $292,827Liabilities 2023: $12,760Net Assets 2023: $280,0672023Assets 2024: $291,258Liabilities 2024: $5,325Net Assets 2024: $285,9332024Assets 2025: $314,392Liabilities 2025: $4,562Net Assets 2025: $309,8302025

Highlighted filing

2020

Assets$207,006
Liabilities$769
Net Assets$206,237
Open 2020 Filing

Operations Trend

Revenue Growth60th percentile

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

$600K$400K$200K$0-$200KRevenue 2012: $21,170Expenses 2012: $18,950Net Income 2012: $2,2202012Revenue 2013: $40,826Expenses 2013: $26,661Net Income 2013: $14,1652013Revenue 2014: $44,329Expenses 2014: $34,795Net Income 2014: $9,5342014Revenue 2015: $98,699Expenses 2015: $73,344Net Income 2015: $25,3552015Revenue 2016: $112,787Expenses 2016: $106,529Net Income 2016: $6,2582016Revenue 2017: $157,039Expenses 2017: $125,777Net Income 2017: $31,2622017Revenue 2018: $146,441Expenses 2018: $144,781Net Income 2018: $1,6602018Revenue 2019: $234,657Expenses 2019: $159,790Net Income 2019: $74,8672019Revenue 2020: $218,948Expenses 2020: $167,083Net Income 2020: $51,8652020Revenue 2021: $286,534Expenses 2021: $243,631Net Income 2021: $42,9032021Revenue 2022: $390,714Expenses 2022: $337,965Net Income 2022: $52,7492022Revenue 2023: $357,647Expenses 2023: $379,469Net Income 2023: -$21,8222023Revenue 2024: $379,950Expenses 2024: $374,084Net Income 2024: $5,8662024Revenue 2025: $428,143Expenses 2025: $404,246Net Income 2025: $23,8972025

Highlighted filing

2020

Revenue$218,948
Expenses$167,083
Net Income$51,865
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 14, 2021
Return Version
2020v4.0
Gross Receipts
$220,448
Mission and Program Overview

Mission

Statement Arts believe in the power of an integrated arts education to cultivate the next generation of leaders who can inspire social and cultural change. Our holistic approach supports young people and offers the space for them to find their voices and add their statements to the world.

The organization dedicated to bringing the creative visual & performing arts to underserved and/or low-income individuals. It channels creativity to educate, to enhance intellectual performane, to empower and guide, and to build self-esteem. Statement arts is commited to giving their students an intercultural and interdisciplinary arts experience to which they do not have access.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$135,897$188,179▲ $52,282
Pledges and Grants Receivable$16,660$18,230▲ $1,570
Prepaid Expenses and Deferred Charges$763$597▼ $166
Total Assets$153,320$207,006▲ $53,686
Liabilities
Accounts Payable and Accrued Expenses$447$769▲ $322
Total Liabilities$447$769▲ $322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$136,213$186,295▲ $50,082
Net Assets With Donor Restrictions$16,660$19,942▲ $3,282
Total Net Assets Fund Balance$152,873$206,237▲ $53,364
Total Liabilities and Net Assets / Fund Balance$153,320$207,006▲ $53,686
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Zahaira CurielSecretaryPT$16,869$16,869
Ashley GarrettPresidentPT$1,000$1,000

Board Members and Trustees

NameTitle
Alexis Tener PetrusDirector
Keith PetrusDirector
Marcus RichardsonDirector
Matt DecrostaDirector
Minelly De COODirector
Liza PolitiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$189,018
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$29,930
All Other Contributions
$189,018
Change in Net Assets
$51,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,129
Salaries, Compensation, and Employee Benefits$79,993
Total Fundraising Expense$11,547
Grants and Similar Amounts Paid$2,961
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,127$8,425$5,617$56,169
Current Officers, Directors, Trustees, and Key Employees$13,332$2,800$1,737$17,869
Travel$6,299$700$0$6,999
Occupancy$4,213$2,075$0$6,288
Payroll Taxes$4,466$893$596$5,955
Office Expenses$3,427$685$457$4,569
Fees for Services Accounting$0$4,500$0$4,500
All Other Expenses$1,450$1,806$0$3,256
Grants to Domestic Individuals$2,961--$2,961
Insurance$0$2,629$0$2,629
Advertising$958$60$180$1,198
Other Expenses$326$47$93$466
Total Functional Expenses$116,312$39,224$11,547$167,083
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,418
Fundraising Direct Expenses$1,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Fundraiser$17,496$17,496-$17,496
Crowdfunding$13,922$13,922-$13,922
Total Events$31,418$31,418$1,500$29,918
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Statement Arts Inc
EIN
20-5198657
Phone
8008040081
Address
2 RIVER TERRACE SUITE 3K, NEW YORK, NY 10282

Signing Officer

Name
Liza Politi
Title
Treasurer
Phone
8008040081
Signed
2021-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Liza Politi
Formed
2006
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
25

Preparer

Firm
Nataliya Lindvor CPA PC
Address
1189 Olympia Blvd, Staten Island, NY 10306
Preparer
Nataliya Lindvor
Phone
3479938544
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is reviewed by the organization's treasurer and president prior to the filing of the return”

Pt VI, Line 12C

“On an annual basis, all board members sign a conflict of interest statement. The ceo ensures that all signed forms are received from the board and made available to the accountant during the review process.”

Pt VI, Line 15A

“The board of directors uses compensation data from similar organizations when determining the compensation of the administrative coordinator.”

Pt VI, Line 15B

“The board of directors uses compensation data from similar organizations when determining the compensation of the administrative coordinator.”

Pt VI, Line 19

“All policies/documents that are required to be provided to the public are available upon request.”

Pt VI, Line 2

“Members of the board of directors - alexis tener petrus and keith petrus are married.”

Financial Statement Notes

Other

“PART IV, LINE 11f: STATEMENT ARTS, INC. HAS ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ASC TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX PROVISIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.”

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08425
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IRS990/ProgSrvcAccomActy2Grp/Desc0START YOUNG SUMMER ARTS PROGRAM IS A FREE SUMMER PERFORMING ARTS PROGRAM IN WASHINGTON HEIGHTS. IT CONSISTS OF 2 TWO-WEEK SESSIONS, ONE FOR 25 STUDENTS IN GRADES 3 - 6 AND ONE FOR 25 STUDENTS IN GRADES 7 - 11. STUDENTS LEARN HOW TO SING, DANCE, AND ACT UNDER THE GUIDANCE OF TRAINED TEACHING ARTISTS, AND ARE GIVEN THE OPPORTUNITY TO DEVELOP THEIR OWN SCRIPTS AROUND ISSUES THAT MATTER TO THEM. PAST SCRIPT TOPICS INCLUDE FAMILY INCARCERATION, COMING OUT, AND IMMIGRATION. EACH SESSION CULMINATES IN A FINAL PERFORMANCE, DESIGNED ENTIRELY BY THE STUDENTS, THAT IS FREE AND OPEN TO THE PUBLIC. WHEN THEY GRADUATE FROM START YOUNG, MANY STUDENTS GO ON TO PARTICIPATE IN START DREAMING. DUE TO COVID -19 RESTRICTIONS WE REFORMATTED THIS PROGRAM TO A VIRTUAL PLATFORM.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: INTEREST FROM SAVINGS ACCT 2019: 14. 2020: 12.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART IV, LINE 11f: STATEMENT ARTS, INC. HAS ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ASC TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX PROVISIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE ORGANIZATION'S TREASURER AND PRESIDENT PRIOR TO THE FILING OF THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT. THE CEO ENSURES THAT ALL SIGNED FORMS ARE RECEIVED FROM THE BOARD AND MADE AVAILABLE TO THE ACCOUNTANT DURING THE REVIEW PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS USES COMPENSATION DATA FROM SIMILAR ORGANIZATIONS WHEN DETERMINING THE COMPENSATION OF THE ADMINISTRATIVE COORDINATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS USES COMPENSATION DATA FROM SIMILAR ORGANIZATIONS WHEN DETERMINING THE COMPENSATION OF THE ADMINISTRATIVE COORDINATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL POLICIES/DOCUMENTS THAT ARE REQUIRED TO BE PROVIDED TO THE PUBLIC ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERS OF THE BOARD OF DIRECTORS - ALEXIS TENER PETRUS AND KEITH PETRUS ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
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IRS990/SignificantNewProgramSrvcInd0false
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$207,006
Liabilities
$769
Net assets
$206,237
Revenue
$218,948
Expenses
$167,083
Net income
$51,865
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.14$0.05$3.10$4.28$4.04$0.24
2024Detailed filing. Detailed filing data is available for this year.$2.91$0.05$2.86$3.80$3.74$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.13$2.80$3.58$3.79$0.22
2022Detailed filing. Detailed filing data is available for this year.$3.10$0.08$3.02$3.91$3.38$0.53
2021Detailed filing. Detailed filing data is available for this year.$2.50$0.01$2.49$2.87$2.44$0.43
2020Detailed filing. Detailed filing data is available for this year.$2.07$0.01$2.06$2.19$1.67$0.52
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$2.35$1.60$0.75
2018Summary only. Only limited summary data is available for this year.$0.78$0.00$1.46$1.45$0.02
2017Summary only. Only limited summary data is available for this year.$0.76$0.00$1.57$1.26$0.31
2016Summary only. Only limited summary data is available for this year.$0.46$0.01$1.13$1.07$0.06
2015Summary only. Only limited summary data is available for this year.$0.40$0.00$0.99$0.73$0.25
2014Summary only. Only limited summary data is available for this year.$0.14$0.00$0.44$0.35$0.10
2013Summary only. Only limited summary data is available for this year.$0.12$0.08$0.41$0.27$0.14
2012Summary only. Only limited summary data is available for this year.$0.04$0.13$0.21$0.19$0.02