Civic Intelligence

Us Biennial Inc.

990 • Fiscal year 2021 • EIN 20-8374608

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

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

52nd percentile

0.08x

Higher debt load relative to assets than 52% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

9th percentile

-8.7%

Faster asset growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

16%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,914,538

Down $181,968 (-8.7%) from 2020

Net Assets

Down

$1,765,301

Down $329,635 (-16%) from 2020

Liabilities

Up

$149,237

Up $147,667 (+9406%) from 2020

Revenue

Up

$2,330,262

Up $325,661 (+16%) from 2020

Expenses

Up

$2,616,675

Up $1,932,990 (+283%) from 2020

Net Income

Down

-$286,413

Down $1,607,329 (-122%) from 2020

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

2021

Assets$1,914,538
Liabilities$149,237
Net Assets$1,765,301

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

2021

Revenue$2,330,262
Expenses$2,616,675
Net Income-$286,413
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$2,551,207
Mission and Program Overview

Mission

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

Prospect New Orleans is a citywide contemporary art triennial. Every three years, we bring new art to an old city by inviting artists from all over the world to create projects in a wide variety of venues spread throughout New Orleans. Each iteration of Prospect is organized by a leading voice in the curatorial field. For residents and visitors alike, Prospect is an invitation to experience the city through the eyes of artists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,566,114$933,237▼ $632,877
Investments in Publicly Traded Securities-$499,482-
Pledges and Grants Receivable$295,105$245,028▼ $50,077
Inventories for Sale or Use$225,000$225,000→ $0
Land, Buildings, and Equipment, Net$4,679$6,614▲ $1,935
Prepaid Expenses and Deferred Charges$4,139$4,139→ $0
Accounts Receivable$1,469--
Total Assets$2,096,506$1,914,538▼ $181,968
Other Assets Total-$1,038-
Liabilities
Accounts Payable and Accrued Expenses$1,570$149,237▲ $147,667
Total Liabilities$1,570$149,237▲ $147,667
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,852,674$1,365,301▼ $487,373
Net Assets With Donor Restrictions$242,262$400,000▲ $157,738
Total Net Assets Fund Balance$2,094,936$1,765,301▼ $329,635
Total Liabilities and Net Assets / Fund Balance$2,096,506$1,914,538▼ $181,968

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Equipment$6,614$47,264-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,296,916
Program Service Revenue
$2,454
Investment Income
$-518
Other Revenue
$31,410
All Other Contributions
$2,282,104
Change in Net Assets
$-286,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,104,030
Salaries, Compensation, and Employee Benefits$512,645
Total Fundraising Expense$119,343
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,274,613$0$0$1,274,613
Other Salaries and Wages$210,331$152,200$77,885$440,416
Travel$94,233$21,383$14,735$130,351
Advertising$117,641$0$950$118,591
Occupancy$35,365$19,392$0$54,757
Other Employee Benefits$18,739$13,560$6,939$39,238
Payroll Taxes$15,756$11,401$5,834$32,991
Office Expenses$0$27,576$0$27,576
Fees for Services Accounting$0$16,500$0$16,500
Total Functional Expenses$2,221,248$276,084$119,343$2,616,675
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$197,950
Fundraising Direct Expenses$69,302
Professional Fundraising Fees$0
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
US Biennial Inc
EIN
20-8374608
Phone
9178030096
Address
PO Box 58800, New Orleans, LA 70158
Doing Business As
Prospect New Orleans

Signing Officer

Name
Nick Stillman
Title
Executive Director
Phone
9178030096
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Stillman
Formed
2007
Legal Domicile
La
Voting Board Members
19
Independent Board Members
19
Employees
7
Volunteers
0

Preparer

Firm
Hymel & Ready Apac
Address
9527 JEFFERSON HIGHWAY, RIVER RIDGE, LA 70123
Preparer
Aaron Ready
Phone
5045985253
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

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

Pt VI, Line 12C

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

Pt VI, Line 15B

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

Pt VI, Line 19

No other docuemnts available to the public.

Pt VI, Line 15A

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

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0499482
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt047264
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04679
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06614
IRS990/LandBldgEquipCostOrOtherBssAmt053878
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt02750
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Prospect New Orleans is a citywide contemporary art triennial. Every three years, we bring new art to an old city by inviting artists from all over the world to create projects in a wide variety of venues spread throughout New Orleans. Each iteration of Prospect is organized by a leading voice in the curatorial field. For residents and visitors alike, Prospect is an invitation to experience the city through the eyes of artists.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02094936
IRS990/NetAssetsOrFundBalancesEOYAmt01765301
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0128648
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0128648
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-141078
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-141078
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01852674
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01365301
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019392
IRS990/OccupancyGrp/ProgramServicesAmt035365
IRS990/OccupancyGrp/TotalAmt054757
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027576
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt027576
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt01038
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06939
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013560
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018739
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039238
IRS990/OtherExpensesGrp/Desc0Professional Fees
IRS990/OtherExpensesGrp/Desc1Artwork Production
IRS990/OtherExpensesGrp/FundraisingAmt013000
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0454570
IRS990/OtherExpensesGrp/ProgramServicesAmt11274613
IRS990/OtherExpensesGrp/TotalAmt0481642
IRS990/OtherExpensesGrp/TotalAmt11274613
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt043840
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt043840
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt043840
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt077885
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0152200
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0210331
IRS990/OtherSalariesAndWagesGrp/TotalAmt0440416
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05834
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011401
IRS990/PayrollTaxesGrp/ProgramServicesAmt015756
IRS990/PayrollTaxesGrp/TotalAmt032991
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0295105
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0245028
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04139
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04139
IRS990/PrincipalOfficerNm0Nick Stillman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/BusinessCd1999999
IRS990/ProgramServiceRevenueGrp/Desc0Artist Talks
IRS990/ProgramServiceRevenueGrp/Desc1Print Sales
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02294
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1160
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01944751
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0431027
IRS990/PYOtherRevenueAmt01575
IRS990/PYProgramServiceRevenueAmt058275
IRS990/PYRevenuesLessExpensesAmt01320916
IRS990/PYSalariesCompEmpBnftPaidAmt0252658
IRS990/PYTotalExpensesAmt0683685
IRS990/PYTotalRevenueAmt02004601
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-286413
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02296916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01944751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01054809
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0633752
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01066667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06996895
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt06996895
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02296916
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01944751
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01054809
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0633752
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01066667
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06996895
IRS990ScheduleA/TotalSupportAmt06996895
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt06614
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047264
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt053878
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06614
IRS990/ScheduleJRequiredInd0false

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