Civic Intelligence

Nars Foundation Inc.

990 • Fiscal year 2018 • EIN 20-5292405

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization ProfileNARSFOUNDATION.ORG
201 46th St No 4flBrooklyn, NY 11220-1035

(718) 768-2765

Siviq Scores

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

Liabilities / Assets

84th percentile

0.50x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

0.21x

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

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Asset Growth

81st percentile

63%

Faster asset growth than 81% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

76th percentile

31%

Faster revenue growth than 76% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$100,895

Up $39,013 (+63%) from 2017

Net Assets

Up

$50,333

Up $38,571 (+328%) from 2017

Liabilities

Up

$50,562

Up $442 (+0.9%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin75th percentile

Revenue

Up

$240,724

Up $57,359 (+31%) from 2017

Expenses

Up

$202,153

Up $41,606 (+26%) from 2017

Net Income

Up

$38,571

Up $15,753 (+69%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2018

Assets$100,895
Liabilities$50,562
Net Assets$50,333
Open 2018 Filing

Operations Trend

Revenue Growth76th percentile

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

2018

Revenue$240,724
Expenses$202,153
Net Income$38,571
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$240,724
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.

Supporting artists and curators on an international level as well engaging the local community in brooklyn and the greater new york area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$70,694-
Cash and Non-Interest-Bearing Accounts$43,327$21,056▼ $22,271
Land, Buildings, and Equipment, Net$8,400$0▼ $8,400
Accounts Receivable$1,010--
Total Assets$61,882$100,895▲ $39,013
Other Assets Total$9,145$9,145→ $0
Liabilities
Accounts Payable and Accrued Expenses$50,120$32,682▼ $17,438
Unsecured Notes Loans Payable-$17,180-
Other Liabilities$0$700▲ $700
Total Liabilities$50,120$50,562▲ $442
Net Assets / Fund Balance
Unrestricted Net Assets$11,762$50,333▲ $38,571
Total Net Assets Fund Balance$11,762$50,333▲ $38,571
Total Liabilities and Net Assets / Fund Balance$61,882$100,895▲ $39,013

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$128,184$128,184
Other Assets Org$9,145--
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Thomas ArnoldChair
Chonghyn Daniel SongDirector
Ed RubinDirector
Hyewon YiDirector
Junho LeeFounding Director
Nicolas TouronSecretary
Sylvia Soyeon KimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,254
Program Service Revenue
$230,443
Investment Income
$27
Other Revenue
$0
All Other Contributions
$10,254
Change in Net Assets
$38,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,808
Salaries, Compensation, and Employee Benefits$61,845
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$56,522$24,224-$80,746
Other Salaries and Wages$40,572$17,388-$57,960
Fees for Services Other$25,783--$25,783
Depreciation Depletion-$8,400-$8,400
Information Technology$2,378$2,027-$4,405
Payroll Taxes$2,720$1,165-$3,885
Advertising$3,596--$3,596
Fees for Services Accounting-$3,079-$3,079
Office Expenses$2,138$410-$2,548
Insurance-$2,171-$2,171
Grants to Domestic Individuals$500--$500
Other Expenses$307$915-$307
All Other Expenses-$153-$153
Total Functional Expenses$140,222$61,931$0$202,153
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended form 990 will be filed.”

Form 990, Part VI, Section B, Line 12C

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Nars Foundation Inc
EIN
20-5292405
Phone
7187682765
Address
201 46TH ST NO 4FL, BROOKLYN, NY 11220-1035

Signing Officer

Name
Junho Lee
Title
Founding Director
Phone
7187682765
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Junho Lee
Formed
2006
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants: program service expenses 25,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,783.”

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IRS990/Desc0STUDIO PROGRAM PROVIDES A CREATIVE AND SUPPORTIVE WORK ENVIRONMENT FOR EMERGING AND MID-CAREER ARTISTS BY PROVIDING AFFORDABLE, LONG-TERM WORK SPACES THAT ARE DESIGNED TO FOSTER MULTICULTURAL DIALOGUE AND DYNAMIC CROSS POLLINATION OF IDEAS AMONG THE ARTISTS IN THE STUDIO PROGRAM AND WITH THE PROFESSIONAL ARTIST COMMUNITY AT LARGE. THE PROGRAM PROVIDES A PLATFORM FOR DEVELOPING, CREATING, AND SHARING CUTTING- EDGE CONTEMPORARY ARTWORKS IN A SUPPORTIVE AND STABLE COMMUNITY.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.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.
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IRS990/MissionDesc0SUPPORTING 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.
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IRS990/PYContributionsGrantsAmt013469
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01500
IRS990/PYInvestmentIncomeAmt06
IRS990/PYOtherExpensesAmt0106977
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0169890
IRS990/PYRevenuesLessExpensesAmt022818
IRS990/PYSalariesCompEmpBnftPaidAmt052070
IRS990/PYTotalExpensesAmt0160547
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0183365
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt038571
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0230443
IRS990/SavingsAndTempCashInvstGrp/EOYAmt070694
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt013469
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022726
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt020004
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014766
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt081219
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt033
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0230443
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0169890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0126801
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0152501
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0281808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0961443
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt033
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94020
IRS990ScheduleA/PublicSupportPY509Pct00.97660
IRS990ScheduleA/PublicSupportTotal509Amt0980312
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt038005
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt024345
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt062350
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt038005
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt024345
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt062350
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0240697
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0183359
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0149527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0172505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0296574
IRS990ScheduleA/Total509Grp/TotalAmt01042662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0240724
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0183365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0149527
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0172505
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0296574
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01042695
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0128184
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0128184
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09145
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09145
IRS990ScheduleD/TotalLiabilityAmt0700
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS: PROGRAM SERVICE EXPENSES 25,783. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,783.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt061882
IRS990/TotalAssetsEOYAmt0100895
IRS990/TotalAssetsGrp/BOYAmt061882
IRS990/TotalAssetsGrp/EOYAmt0100895
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010254
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061931
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0140222
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202153
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050120
IRS990/TotalLiabilitiesEOYAmt050562
IRS990/TotalLiabilitiesGrp/BOYAmt050120
IRS990/TotalLiabilitiesGrp/EOYAmt050562
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011762
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050333
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0140222
IRS990/TotalProgramServiceRevenueAmt0230443
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt027
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230443
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0240724
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061882
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0100895
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt011762
IRS990/UnrestrictedNetAssetsGrp/EOYAmt050333
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt017180
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0112201035
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0NARSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUNHO LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07187682765
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
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ReturnHeader/Filer/PhoneNum07187682765
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ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
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ReturnHeader/FilingSecurityInformation/IPTm008:10:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,895
Liabilities
$50,562
Net assets
$50,333
Revenue
$240,724
Expenses
$202,153
Net income
$38,571
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
2018Detailed filing. Detailed filing data is available for this year.$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