Civic Intelligence

Beth Morrison Projects Inc

990 • Fiscal year 2018 • EIN 20-8422447

Jul 01, 2017 to Jun 30, 2018 • Filed on Jul 31, 2018

666 Ocean AvenueBrooklyn, NY 11226

(646) 682-7181

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

41st percentile

0.4%

Higher net margin than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

23rd percentile

-5.1%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$753,291

Down $40,733 (-5.1%) from 2017

Net Assets

Down

$745,535

Down $41,473 (-5.3%) from 2017

Liabilities

Up

$7,756

Up $740 (+11%) from 2017

Revenue

Down

$1,689,824

Down $324,631 (-16%) from 2017

Expenses

Down

$1,683,776

Down $226,684 (-12%) from 2017

Net Income

Down

$6,048

Down $97,947 (-94%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $281,940Liabilities 2011: $129,880Net Assets 2011: $152,0602011Assets 2012: $375,141Liabilities 2012: $96,462Net Assets 2012: $278,6792012Assets 2013: $363,781Liabilities 2013: $5,070Net Assets 2013: $358,7112013Assets 2014: $392,869Liabilities 2014: $8,999Net Assets 2014: $383,8702014Assets 2015: $468,250Liabilities 2015: $9,812Net Assets 2015: $458,4382015Assets 2016: $827,084Liabilities 2016: $9,071Net Assets 2016: $818,0132016Assets 2017: $794,024Liabilities 2017: $7,016Net Assets 2017: $787,0082017Assets 2018: $753,291Liabilities 2018: $7,756Net Assets 2018: $745,5352018Assets 2019: $917,617Liabilities 2019: $7,094Net Assets 2019: $910,5232019Assets 2020: $1,112,555Liabilities 2020: $180,599Net Assets 2020: $931,9562020Assets 2021: $1,448,680Liabilities 2021: $316,141Net Assets 2021: $1,132,5392021Assets 2022: $2,832,786Liabilities 2022: $157,488Net Assets 2022: $2,675,2982022Assets 2023: $3,231,359Liabilities 2023: $81,449Net Assets 2023: $3,149,9102023Assets 2024: $2,092,365Liabilities 2024: $167,666Net Assets 2024: $1,924,6992024Assets 2025: $2,635,179Liabilities 2025: $239,520Net Assets 2025: $2,395,6592025

Highlighted filing

2018

Assets$753,291
Liabilities$7,756
Net Assets$745,535

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $383,225Expenses 2011: $286,831Net Income 2011: $96,3942011Revenue 2012: $901,048Expenses 2012: $774,429Net Income 2012: $126,6192012Expenses 2013: $688,5812013Revenue 2014: $700,667Expenses 2014: $675,508Net Income 2014: $25,1592014Revenue 2015: $1,066,272Expenses 2015: $991,704Net Income 2015: $74,5682015Revenue 2016: $2,634,578Expenses 2016: $2,275,002Net Income 2016: $359,5762016Revenue 2017: $2,014,455Expenses 2017: $1,910,460Net Income 2017: $103,9952017Revenue 2018: $1,689,824Expenses 2018: $1,683,776Net Income 2018: $6,0482018Revenue 2019: $2,898,429Expenses 2019: $2,864,866Net Income 2019: $33,5632019Revenue 2020: $2,510,130Expenses 2020: $2,488,696Net Income 2020: $21,4342020Revenue 2021: $1,614,367Expenses 2021: $1,412,781Net Income 2021: $201,5862021Revenue 2022: $4,493,022Expenses 2022: $2,950,263Net Income 2022: $1,542,7592022Revenue 2023: $3,352,595Expenses 2023: $2,877,983Net Income 2023: $474,6122023Revenue 2024: $3,212,715Expenses 2024: $4,445,881Net Income 2024: -$1,233,1662024Revenue 2025: $3,495,933Expenses 2025: $3,024,973Net Income 2025: $470,9602025

Highlighted filing

2018

Revenue$1,689,824
Expenses$1,683,776
Net Income$6,048
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 31, 2018
Return Version
2017v2.2
Gross Receipts
$1,714,679
Mission and Program Overview

Mission

The organization supports the work of composers and their multi-media collaborations through commission, development, production and touring of their works, which take the form of opera, musical theatre, chamber music, song cycle, dance, theatre, film, mixed media work, and new forms yet to be discovered.

The Organization supports the work of composers and their multi-media collaborations through commission, development, production and touring of their works, which take the form of opera, musical theatre, chamber music, song cycle, dance theatre, film, mixed media work & new forms

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$662,373$527,630▼ $134,743
Cash and Non-Interest-Bearing Accounts$67,665$137,811▲ $70,146
Accounts Receivable$16,921$36,904▲ $19,983
Prepaid Expenses and Deferred Charges$20,281$25,618▲ $5,337
Land, Buildings, and Equipment, Net$22,284$11,583▼ $10,701
Investments in Publicly Traded Securities-$9,245-
Total Assets$794,024$753,291▼ $40,733
Other Assets Total$4,500$4,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,016$7,756▲ $740
Total Liabilities$7,016$7,756▲ $740
Net Assets / Fund Balance
Unrestricted Net Assets$622,405$658,056▲ $35,651
Temporarily Rstr Net Assets$164,603$87,479▼ $77,124
Total Net Assets Fund Balance$787,008$745,535▼ $41,473
Total Liabilities and Net Assets / Fund Balance$794,024$753,291▼ $40,733

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,352$42,397$49,749
Other Land Buildings$4,231$7,049$11,280
Other Assets Org$4,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth MorrisonPresidentFT$75,725$75,725

Board Members and Trustees

NameTitle
Frederick PetersChairman
Lynn LoackerCo Vice Chair
Nancy SandersCo Vice Chair
Connie ChenBoard Member
David GindlerBoard Member
Jane GullongBoard Member
Michael SiegalBoard Member
Miles BenickesBoard Member
Nicholas FirthBoard Member
Pamela DrexelBoard Member
Ralph DandreaBoard Member
Raymond SteckelBoard Member
Sarah BrownBoard Member
Judy Brick FreedmanSecretary
Sue BienkowskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$819,687
Program Service Revenue
$853,187
Investment Income
$449
Other Revenue
$16,501
All Other Contributions
$742,154
Change in Net Assets
$6,048

Noncash Contribution Practices

Property subject to holding requirements
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$35,378Publically traded va
Total Noncash Contributions6$35,378-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,689,824
Total Revenue per Audited Statements
$1,689,824
Total Revenue per Form 990
$1,689,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,231,090
Salaries, Compensation, and Employee Benefits$452,686
Total Fundraising Expense$96,914
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$254,069$32,783$25,573$312,425
Travel$258,487$7,452$1,479$267,418
Current Officers, Directors, Trustees, and Key Employees$25,567$25,567$25,567$76,701
Occupancy$26,056$14,841$4,661$45,558
Other Employee Benefits$23,047$4,809$4,215$32,071
Payroll Taxes$22,629$4,722$4,138$31,489
Insurance$8,550$20,752-$29,302
Other Expenses$6,913$5,185$5,185$17,283
Office Expenses-$13,852-$13,852
Advertising$6,291$3,288$3,288$12,867
Depreciation Depletion$6,160$5,727-$11,887
Fees for Services Accounting-$10,508-$10,508
Conferences and Meetings$1,394$2,222$2,222$5,838
Fees for Services Other$3,680$768$673$5,121
All Other Expenses$3,416$1,605-$5,021
Interest-$1,893-$1,893
Total Functional Expenses$1,430,888$155,974$96,914$1,683,776

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,683,776
Total Expenses per Audited Statements$1,683,776
Total Expenses per Form 990$1,683,776
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Elizabeth MorrisonPresidentcreative ProducerRent & UtilitiesNo$12,778
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
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

Organizational document changes Part VI line 4

In the fiscal year ened june 30, 2018, the organizations by laws were updated to account for newly established board committies.

Form 990 governing body review Part VI line 11

The president/ceo & executive director (who is in charge of accounting) perform the initial review of the 990 return. A subsequent review is conducted by the audit committee. The return is then submitted to the entire board for approval before the return is filed.

Conflict of interest policy compliance Part VI line 12C

Each member of the board of directors reviews & signs the conflict of interests policy at the start of each fiscal year to ensure accurate & timely compliance.

CEO executive director top management comp Part VI line 15A

The board of directors determines the president/ceos compensation based on comparable executive compensation in the industry & other relevant factors including the organizations financial status. In the fiscal year ended june 30, 2018, bmp reviewed the opera america administrative data reports to compare its compensation to similarly sized organizations. It was determined that bmps compensation is lower than average sized similar organizations.

Other officer or key employee compensation Part VI line 15B

The compensation of all other key employees is approved by the board based on comparable industry organizations & beth morrison projects incs financial viability.

Form 990 availability to public Part VI line 18

The organizations 990 is available to the public upon request via email, or paper copy via us mail.

Governing documents etc available to public Part VI line 19

The organization provides its governing documents to the public upon request via email or paper copy via us mail service. Financial statements are available on third parties websites.

Filing and Contact Details

Filer

Filer Name
Beth Morrison Projects Inc
EIN
20-8422447
Address
666 OCEAN AVENUE, BROOKLYN, NY 11226

Signing Officer

Name
Jecca Barry
Title
Executive Direc
Phone
6466827181
Signed
2018-07-31
Discuss with paid preparer
No

Organization Details

Principal Officer
Elizabeth Morrison
Formed
2006
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
12
Employees
11

Preparer

Firm
Sal Merante Tax & Consulting Servic
Address
1200 WATERS PLACE SUITE 105, Bronx, NY 10461
Preparer
Hal M Ramsay CPA
Phone
7183047585
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

In the fiscal year ended june 30, 2017, the organization changed its method of recognizing contribution income from multi year restricted grants & donations from the year of award or receipt to the year the restriction is satisfied. The portions unsatisfied under the terms of such grants & donations are included in temporary restricted assets. In the fiscal year ended june 30, 2018, a net adjustment increasing restricted contribution income and decreasing temporary restricted assets amounting to $47,521 was made to conform to this change in method.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.64$0.24$2.40$3.50$3.02$0.47
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.17$1.92$3.21$4.45$1.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$0.08$3.15$3.35$2.88$0.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.16$2.68$4.49$2.95$1.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.32$1.13$1.61$1.41$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.18$0.93$2.51$2.49$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.01$0.91$2.90$2.86$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.75$1.69$1.68$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.01$0.79$2.01$1.91$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.01$0.82$2.63$2.28$0.36
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.46$1.07$0.99$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.38$0.70$0.68$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.01$0.36$0.69
2012Summary only. Only limited summary data is available for this year.$0.38$0.10$0.28$0.90$0.77$0.13
2011Summary only. Only limited summary data is available for this year.$0.28$0.13$0.15$0.38$0.29$0.10