Civic Intelligence

Statement Arts Inc.

990 • Fiscal year 2021 • EIN 20-5198657

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 24, 2022

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

54th percentile

0.00x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.00x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Net Margin

57th percentile

15%

Higher net margin than 57% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$66,008

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Asset Growth

66th percentile

21%

Faster asset growth than 66% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

31%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$250,227

Up $43,221 (+21%) from 2020

Net Assets

Up

$249,140

Up $42,903 (+21%) from 2020

Liabilities

Up

$1,087

Up $318 (+41%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin57th percentile

Revenue

Up

$286,534

Up $67,586 (+31%) from 2020

Expenses

Up

$243,631

Up $76,548 (+46%) from 2020

Net Income

Down

$42,903

Down $8,962 (-17%) from 2020

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

2021

Assets$250,227
Liabilities$1,087
Net Assets$249,140
Open 2021 Filing

Operations Trend

Revenue Growth61st 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

2021

Revenue$286,534
Expenses$243,631
Net Income$42,903
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 24, 2022
Return Version
2021v4.1
Gross Receipts
$356,538
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$188,179$237,468▲ $49,289
Pledges and Grants Receivable$18,230$12,200▼ $6,030
Prepaid Expenses and Deferred Charges$597$559▼ $38
Total Assets$207,006$250,227▲ $43,221
Liabilities
Accounts Payable and Accrued Expenses$769$1,087▲ $318
Total Liabilities$769$1,087▲ $318
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$186,295$232,528▲ $46,233
Net Assets With Donor Restrictions$19,942$16,612▼ $3,330
Total Net Assets Fund Balance$206,237$249,140▲ $42,903
Total Liabilities and Net Assets / Fund Balance$207,006$250,227▲ $43,221
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessie LeeSecretaryPT$66,008$66,008

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$207,503
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$79,031
All Other Contributions
$207,503
Change in Net Assets
$42,903

Audited Revenue Reconciliation

Revenue per Audited Statements
$286,534
Total Revenue per Audited Statements
$286,534
Total Revenue per Form 990
$286,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$153,035
Other Expenses$90,091
Total Fundraising Expense$19,911
Grants and Similar Amounts Paid$505
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,687$11,338$7,558$75,583
Current Officers, Directors, Trustees, and Key Employees$49,506$9,901$6,601$66,008
Occupancy$13,152$6,478$0$19,630
Payroll Taxes$8,583$1,717$1,144$11,444
Office Expenses$5,743$1,149$766$7,658
Other Expenses$4,887$698$1,396$6,981
All Other Expenses$2,130$2,712$27$4,869
Fees for Services Accounting$0$4,775$0$4,775
Travel$3,492$388$0$3,880
Insurance$0$2,437$0$2,437
Advertising$1,925$120$361$2,406
Grants to Domestic Individuals$505--$505
Total Functional Expenses$171,937$51,783$19,911$243,631

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$243,631
Total Expenses per Audited Statements$243,631
Total Expenses per Form 990$243,631
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$149,017
Fundraising Direct Expenses$70,004
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Fundraiser$143,521$143,521-$143,521
Crowdfunding$5,496$5,496-$5,496
Total Events$149,017$149,017$70,004$79,013
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
2022-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Liza Politi
Formed
2006
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
26

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 audit 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.”

Pt XII, Line 2C

“The organization did not change its oversight process from prior year.”

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.”

Raw XML AppendixShowing 400 of 502 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.

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IRS990/Desc0START DREAMING IS A FREE YEARLONG PROGRAM THAT IMMERSES 15 - 20 RISING HIGH SCHOOL SENIORS IN ARTS EDUCATION TO WHICH THEY DO NOT HAVE ACCESS, AND HELPS THEM GET INTO COLLEGE. AFTER A THREE-WEEK SUMMER ARTS INTENSIVE, THE PROGRAM TRACKS STUDENTS THROUGH THEIR SENIOR YEAR OF HIGH SCHOOL, OFFERING THEM ONGOING CULTURAL IMMERSION OPPORTUNITIES AND THE SUPPORT THEY NEED TO GET INTO COLLEGE. THIS PORTION OF THE PROGRAM INCLUDES A PARTNERSHIP WITH MORGAN STANLEY, THROUGH WHICH EACH STUDENT IS PAIRED WITH AN INDIVIDUAL MENTOR WHO HELPS THEM SUBMIT THEIR COLLEGE APPLICATIONS. START DREAMING HAS MAINTAINED A 100% SUCCESS RATE IN COLLEGE ADMISSIONS FOR ALL OF ITS HIGH SCHOOL GRADUATES, AND MOST STUDENTS RECEIVE SUBSTANTIAL SCHOLARSHIPS.
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IRS990/OtherRevenueMiscGrp/Desc0INTEREST FROM SAVINGS ACCT
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011338
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt056687
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0559
IRS990/PrincipalOfficerNm0LIZA POLITI
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IRS990/ProgSrvcAccomActy2Grp/Desc0START YOUNG IS A FREE SUMMER PERFORMING ARTS PROGRAM IN WASHINGTON HEIGHTS. IT CONSISTS OF TWO 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt037660
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt053500
IRS990/ProgSrvcAccomActy3Grp/Desc0THE START DESIGN LAB & STUDIO PROGRAM IS A FREE PROGRAM DESIGNED TO PROVIDE YOUNG ADULTS WITH WORKSHOPS AND OPPORTUNITIES IN ARTISTIC DEVELOPMENT, CAREER MANAGEMENT AND PERFORMANCE PROJECTS. THIS PROGRAM WAS BORN OUT OF ADDRESSING THE NEED TO FILL THE GAP BETWEEN THE ACADEMIC LEARNING EXPERIENCE AND DEVELOPING A CAREER.
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IRS990/PYOtherRevenueAmt029930
IRS990/PYRevenuesLessExpensesAmt051865
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IRS990/PYTotalExpensesAmt0167083
IRS990/PYTotalRevenueAmt0218948
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt0150057
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: INTEREST FROM SAVINGS ACCT 2019: 14. 2020: 12. 2021: 18.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0234643
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0146429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0157036
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0146429
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0157036
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01043560
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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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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CROWDFUNDING
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05496
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0143521
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IRS990/ScheduleJRequiredInd0false
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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 AUDIT 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/ExplanationTxt6THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 2c
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd6CT
IRS990/StatesWhereCopyOfReturnIsFldCd7DC
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IRS990/StatesWhereCopyOfReturnIsFldCd16KS
IRS990/StatesWhereCopyOfReturnIsFldCd17KY
IRS990/StatesWhereCopyOfReturnIsFldCd18LA
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IRS990/StatesWhereCopyOfReturnIsFldCd20MD
IRS990/StatesWhereCopyOfReturnIsFldCd21ME
IRS990/StatesWhereCopyOfReturnIsFldCd22MI
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IRS990/StatesWhereCopyOfReturnIsFldCd24MO
IRS990/StatesWhereCopyOfReturnIsFldCd25MS
IRS990/StatesWhereCopyOfReturnIsFldCd26MT
IRS990/StatesWhereCopyOfReturnIsFldCd27NC
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IRS990/StatesWhereCopyOfReturnIsFldCd29NE
IRS990/StatesWhereCopyOfReturnIsFldCd30NH

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$250,227
Liabilities
$1,087
Net assets
$249,140
Revenue
$286,534
Expenses
$243,631
Net income
$42,903
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