Civic Intelligence

Nars Foundation Inc.

990 • Fiscal year 2012 • EIN 20-5292405

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 15, 2013

Organization ProfileNARSFOUNDATION.ORG
88 35th St 3fl11232
Siviq Scores

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

Liabilities / Assets

90th percentile

1.14x

Higher debt load relative to assets than 90% of similar nonprofits.

2012 filings • NTEE A20 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

25th percentile

-15%

Faster asset growth than 25% of similar nonprofits.

2012 filings • NTEE A20 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$57,343

Down $10,142 (-15%) from 2011

Net Assets

Down

-$8,224

Down $26,100 (-146%) from 2011

Liabilities

Up

$65,567

Up $15,958 (+32%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$385,472

Up $1,908 (+0.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$600K$400K$200K$0-$200KAssets 2011: $67,485Liabilities 2011: $49,609Net Assets 2011: $17,8762011Assets 2012: $57,343Liabilities 2012: $65,567Net Assets 2012: -$8,2242012Assets 2013: $75,892Liabilities 2013: $81,529Net Assets 2013: -$5,6372013Assets 2014: $91,955Liabilities 2014: $61,034Net Assets 2014: $30,9212014Assets 2015: $74,831Liabilities 2015: $48,491Net Assets 2015: $26,3402015Assets 2016: $37,838Liabilities 2016: $48,894Net Assets 2016: -$11,0562016Assets 2017: $61,882Liabilities 2017: $50,120Net Assets 2017: $11,7622017Assets 2018: $100,895Liabilities 2018: $50,562Net Assets 2018: $50,3332018Assets 2019: $111,040Liabilities 2019: $17,680Net Assets 2019: $93,3602019Assets 2020: $154,395Liabilities 2020: $133,497Net Assets 2020: $20,8982020Assets 2021: $403,596Liabilities 2021: $367,648Net Assets 2021: $35,9482021Assets 2022: $65,078Liabilities 2022: $21,181Net Assets 2022: $43,8972022Assets 2023: $107,768Liabilities 2023: $4,145Net Assets 2023: $103,6232023Assets 2024: $122,812Liabilities 2024: $5,767Net Assets 2024: $117,0452024

Highlighted filing

2012

Assets$57,343
Liabilities$65,567
Net Assets-$8,224
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KExpenses 2011: $383,5642011Expenses 2012: $385,4722012Revenue 2013: $238,502Expenses 2013: $235,915Net Income 2013: $2,5872013Revenue 2014: $296,574Expenses 2014: $260,016Net Income 2014: $36,5582014Revenue 2015: $172,505Expenses 2015: $177,086Net Income 2015: -$4,5812015Revenue 2016: $149,527Expenses 2016: $186,923Net Income 2016: -$37,3962016Revenue 2017: $183,365Expenses 2017: $160,547Net Income 2017: $22,8182017Revenue 2018: $240,724Expenses 2018: $202,153Net Income 2018: $38,5712018Revenue 2019: $230,655Expenses 2019: $187,628Net Income 2019: $43,0272019Revenue 2020: $114,306Expenses 2020: $186,768Net Income 2020: -$72,4622020Revenue 2021: $150,209Expenses 2021: $183,366Net Income 2021: -$33,1572021Revenue 2022: $286,043Expenses 2022: $278,094Net Income 2022: $7,9492022Revenue 2023: $355,287Expenses 2023: $295,561Net Income 2023: $59,7262023Revenue 2024: $356,367Expenses 2024: $342,945Net Income 2024: $13,4222024

Highlighted filing

2012

Revenue-
Expenses$385,472
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 15, 2013
Return Version
2012v2.1
Gross Receipts
$359,372
Mission and Program Overview

Mission

Supporting artists and curators on an international level as well engaging the local community in brooklyn and the greater new york area. Nars provides an array of creative support services and professional development opportunities for emerging and mid-career artists through short-term integrated residency programs, affordable long-term studio spaces, progressive exhibition programs, international exchanges, and engaging public programs that foster global understanding and dynamic cross-cultural dialogues. These services operate in conjunction with our community outreach initiatives to promote greater accessibility to contemporary art for the under-served local community in south brooklyn. Our mission is to present diverse platforms on which to nurture creative inspiration and innovative cross-pollination of ideas.

Major Activities

Activity 2
The nars foundation provided professional development programs for emerging and underrepresented artists from around the world through its international artists residency program, artists salons, and exhibition programs. The various programs are designed to encourage greater exposure for the participating artists while provided supportive professional development services such as studio visits from prominent curators, art critics, gallerist, and art historians; open studio events; artist talks; curator talks; panel discussions; workshops & seminars; teaching opportunities; collaborations with international organizations; and various exhibition opportunities. It also provides the the greater new york community with access to the highest caliber of international artists.
Activity 3
The educational community outreach programs provide greater access to contemporary arts for the working class community in brooklyn through free saturday family workshops and in-school programming at local k-12 public schools. The educational mission is to impart creative problem solving skills through hand-on and object based visual arts workshops to economically disadvantages and underserved children and their families while providing an alternative creative outlet for at-risk youths. Participants come away from the program with a greater sense of self-confidence, exposure to different perspectives from around the globe, and a meaningful experience in essential skill sets such as examination, evaluation, and creatively problem solving that are key to their future success.
Filing and Contact Details

Filer

EIN
20-5292405
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IRS990/Activity2/Description0THE NARS FOUNDATION PROVIDED PROFESSIONAL DEVELOPMENT PROGRAMS FOR EMERGING AND UNDERREPRESENTED ARTISTS FROM AROUND THE WORLD THROUGH ITS INTERNATIONAL ARTISTS RESIDENCY PROGRAM, ARTISTS SALONS, AND EXHIBITION PROGRAMS. THE VARIOUS PROGRAMS ARE DESIGNED TO ENCOURAGE GREATER EXPOSURE FOR THE PARTICIPATING ARTISTS WHILE PROVIDED SUPPORTIVE PROFESSIONAL DEVELOPMENT SERVICES SUCH AS STUDIO VISITS FROM PROMINENT CURATORS, ART CRITICS, GALLERIST, AND ART HISTORIANS; OPEN STUDIO EVENTS; ARTIST TALKS; CURATOR TALKS; PANEL DISCUSSIONS; WORKSHOPS & SEMINARS; TEACHING OPPORTUNITIES; COLLABORATIONS WITH INTERNATIONAL ORGANIZATIONS; AND VARIOUS EXHIBITION OPPORTUNITIES. IT ALSO PROVIDES THE THE GREATER NEW YORK COMMUNITY WITH ACCESS TO THE HIGHEST CALIBER OF INTERNATIONAL ARTISTS.
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IRS990ScheduleO/GeneralExplanation/Explanation0NARS REPRESENTS NEW YORK ART RESIDENCY AND STUDIOS. NARS FOUNDATION, INC. IS A NON-PROFIT ART CENTER INTERESTED IN ALL GENRES AND CONTEMPORARY APPROACHED TO ART MAKING BY SINGLE ARTISTS, COLLABORATIVE GROUPS, CURATORS AND PEOPLE.
IRS990ScheduleO/GeneralExplanation/Explanation1THEIR FUTURE SUCCESS.
IRS990ScheduleO/GeneralExplanation/Explanation2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/GeneralExplanation/Explanation3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/Filer/USAddress/ZIPCode011232
ReturnHeader/Officer/DateSigned02013-08-15
ReturnHeader/Officer/Name0CHONG HUN SONG
ReturnHeader/Officer/Phone07187153044
ReturnHeader/Officer/Title0DIRECTOR
ReturnHeader/Preparer/DatePrepared02013-08-15
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10SUNGDOH ACCOUNTING & CONSULTING
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10254-10 NORTHERN BLVD 201A
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0LITTLE NECK
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0NY
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode011362
ReturnHeader/Preparer/Name0SUNGDOH KIM
ReturnHeader/Preparer/Phone07182243399
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-08-15T17:14:45-05:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$57,343
Liabilities
$65,567
Net assets
-$8,224
Revenue
-
Expenses
$385,472
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.06$1.17$3.56$3.43$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.04$1.04$3.55$2.96$0.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.21$0.44$2.86$2.78$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$3.68$0.36$1.50$1.83$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$1.33$0.21$1.14$1.87$0.72
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.18$0.93$2.31$1.88$0.43
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.51$0.50$2.41$2.02$0.39
2017Detailed filing. Detailed filing data is available for this year.$0.62$0.50$0.12$1.83$1.61$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.49$0.11$1.50$1.87$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.48$0.26$1.73$1.77$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.61$0.31$2.97$2.60$0.37
2013Detailed filing. Detailed filing data is available for this year.$0.76$0.82$0.06$2.39$2.36$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.66$0.08$3.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.50$0.18$3.84