Civic Intelligence

Us Biennial Inc.

990 • Fiscal year 2018 • EIN 20-8374608

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

PO Box 58800New Orleans, LA 70158

(917) 803-0096

Siviq Scores

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

Liabilities / Assets

79th percentile

0.33x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.16x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

27th percentile

-5.5%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

5th percentile

-35%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-54%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$353,634

Down $188,832 (-35%) from 2017

Net Assets

Down

$235,630

Down $40,393 (-15%) from 2017

Liabilities

Down

$118,004

Down $148,439 (-56%) from 2017

Revenue

Down

$739,299

Down $860,429 (-54%) from 2017

Expenses

Down

$779,692

Down $1,463,731 (-65%) from 2017

Net Income

Up

-$40,393

Up $603,302 (+94%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $290,017Liabilities 2010: $351,427Net Assets 2010: -$61,4102010Assets 2011: $253,829Liabilities 2011: $99,044Net Assets 2011: $154,7852011Assets 2012: $490,499Liabilities 2012: $155,402Net Assets 2012: $335,0972012Assets 2013: $612,143Liabilities 2013: $218,741Net Assets 2013: $393,4022013Assets 2014: $827,489Liabilities 2014: $202,771Net Assets 2014: $624,7182014Assets 2015: $421,804Liabilities 2015: $41,269Net Assets 2015: $380,5352015Assets 2016: $959,719Liabilities 2016: $40,001Net Assets 2016: $919,7182016Assets 2017: $542,466Liabilities 2017: $266,443Net Assets 2017: $276,0232017Assets 2018: $353,634Liabilities 2018: $118,004Net Assets 2018: $235,6302018Assets 2019: $795,016Liabilities 2019: $50,996Net Assets 2019: $744,0202019Assets 2020: $2,096,506Liabilities 2020: $1,570Net Assets 2020: $2,094,9362020Assets 2021: $1,914,538Liabilities 2021: $149,237Net Assets 2021: $1,765,3012021Assets 2022: $1,331,511Liabilities 2022: $46,101Net Assets 2022: $1,285,4102022Assets 2023: $909,799Liabilities 2023: $23,739Net Assets 2023: $886,0602023Assets 2024: $498,528Liabilities 2024: $327,306Net Assets 2024: $171,2222024

Highlighted filing

2018

Assets$353,634
Liabilities$118,004
Net Assets$235,630

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $876,805Expenses 2010: $785,840Net Income 2010: $90,9652010Revenue 2011: $1,167,408Expenses 2011: $951,213Net Income 2011: $216,1952011Expenses 2012: $590,2592012Revenue 2013: $655,703Expenses 2013: $597,398Net Income 2013: $58,3052013Revenue 2014: $2,145,111Expenses 2014: $1,913,795Net Income 2014: $231,3162014Revenue 2015: $644,127Expenses 2015: $888,309Net Income 2015: -$244,1822015Revenue 2016: $1,150,683Expenses 2016: $658,011Net Income 2016: $492,6722016Revenue 2017: $1,599,728Expenses 2017: $2,243,423Net Income 2017: -$643,6952017Revenue 2018: $739,299Expenses 2018: $779,692Net Income 2018: -$40,3932018Revenue 2019: $1,078,226Expenses 2019: $569,836Net Income 2019: $508,3902019Revenue 2020: $2,004,601Expenses 2020: $683,685Net Income 2020: $1,320,9162020Revenue 2021: $2,330,262Expenses 2021: $2,616,675Net Income 2021: -$286,4132021Revenue 2022: $876,498Expenses 2022: $1,377,091Net Income 2022: -$500,5932022Revenue 2023: $798,191Expenses 2023: $1,172,615Net Income 2023: -$374,4242023Revenue 2024: $3,301,087Expenses 2024: $4,003,074Net Income 2024: -$701,9872024

Highlighted filing

2018

Revenue$739,299
Expenses$779,692
Net Income-$40,393
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$747,772
Mission and Program Overview

Mission

Organization, sponsorship, and promotion of Orleans international exhibitions in New Orleans, Louisiana and associated educational programs and activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$225,000$225,000→ $0
Pledges and Grants Receivable$153,644$106,652▼ $46,992
Cash and Non-Interest-Bearing Accounts$138,551$15,628▼ $122,923
Prepaid Expenses and Deferred Charges$14,928$3,914▼ $11,014
Land, Buildings, and Equipment, Net$9,543$2,440▼ $7,103
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Total Assets$542,466$353,634▼ $188,832
Other Assets Total$800$0▼ $800
Liabilities
Accounts Payable and Accrued Expenses$266,443$68,004▼ $198,439
Unsecured Notes Loans Payable-$50,000-
Total Liabilities$266,443$118,004▼ $148,439
Net Assets / Fund Balance
Unrestricted Net Assets$276,023$223,130▼ $52,893
Temporarily Rstr Net Assets-$12,500-
Total Net Assets Fund Balance$276,023$235,630▼ $40,393
Total Liabilities and Net Assets / Fund Balance$542,466$353,634▼ $188,832

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,440$46,233$48,673
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$633,752
Program Service Revenue
$53,924
Investment Income
$0
Other Revenue
$51,623
All Other Contributions
$563,414
Change in Net Assets
$-40,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$549,768
Salaries, Compensation, and Employee Benefits$229,924
Total Fundraising Expense$46,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$388,700$29,219$14,609$432,528
Other Salaries and Wages$117,154$68,340$9,763$195,257
Travel$39,049$6,768$6,248$52,065
Payroll Taxes$20,800$12,134$1,733$34,667
Office Expenses$1,209$13,544$9,433$24,186
Occupancy-$14,488-$14,488
Other Expenses$1,103$1,937$301$3,341
Advertising$1,849$61$1,171$3,081
Depreciation Depletion-$2,221-$2,221
Total Functional Expenses$581,165$152,441$46,086$779,692
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,840
Fundraising Direct Expenses$8,473
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$20,840$20,840$8,473$12,367
Total Events$20,840$20,840$8,473$12,367
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is provided via email to the board members for review prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to sign conflict of interest policies each year.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board takes a direct interest in all phases of management of the organization including making decisions concerning compensation of officers

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
US Biennial Inc
EIN
20-8374608
Address
PO Box 58800, New Orleans, LA 70158

Signing Officer

Name
Nick Stillman
Title
Executive Director
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
8

Preparer

Firm
Hymel & Ready apac
Address
900 Camp St Suite 452, New Orleans, LA 70130
Preparer
Aaron Ready
Phone
5045985245
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IRS990/Desc0Prospect.4, the fourth iteration of a citywide exhibition that opened November 16-19, 2017, found inspiration in the lotus plant. From the large turnout for the Opening Weekend Celebrations, with more than 2000 visitors from all across the globe, including 27 museum and foundation groups, and many more art world colleagues to the Closing with the much-anticipated Kara Walker presentation, that brought additional museum and foundation groups and colleagues the participation during the run of the exhibition met and exceeded our expectations, surpassing well over the 100,000 visitors. Prospect.4 was one of the most diverse exhibitions in the country, with 73 participating artists representing 25 countries. 10 of participating artists were local. Many of the projects intentionally weaved historical references into contemporary issues, converging past with present, speaking to how New Orleans history and present offer opportunities and examples of how we can positively respond to the challenges of our time.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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IRS990/FormationYr02007
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IRS990/PYOtherRevenueAmt0477711
IRS990/PYProgramServiceRevenueAmt055350
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0956940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0809864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01794747
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05261970
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.33$0.17$3.30$4.00$0.70
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.89$0.80$1.17$0.37
2022Detailed filing. Detailed filing data is available for this year.$1.33$0.05$1.29$0.88$1.38$0.50
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.15$1.77$2.33$2.62$0.29
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.09$2.00$0.68$1.32
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.05$0.74$1.08$0.57$0.51
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.12$0.24$0.74$0.78$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.27$0.28$1.60$2.24$0.64
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.04$0.92$1.15$0.66$0.49
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.04$0.38$0.64$0.89$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.20$0.62$2.15$1.91$0.23
2013Detailed filing. Detailed filing data is available for this year.$0.61$0.22$0.39$0.66$0.60$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.16$0.34$0.59
2011Summary only. Only limited summary data is available for this year.$0.25$0.10$0.15$1.17$0.95$0.22
2010Summary only. Only limited summary data is available for this year.$0.29$0.35$0.06$0.88$0.79$0.09