Civic Intelligence

Thousand Islands Performing Arts Fund Inc

990 • Fiscal year 2017 • EIN 22-2317579

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

PO Box 123Clayton, NY 13624

(315) 686-2200

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.11x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.06x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Net Margin

57th percentile

6.3%

Higher net margin than 57% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$50,776

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Asset Growth

78th percentile

19%

Faster asset growth than 78% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

5.7%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$255,759

Up $40,713 (+19%) from 2016

Net Assets

Up

$227,571

Up $43,986 (+24%) from 2016

Liabilities

Down

$28,188

Down $3,273 (-10%) from 2016

Revenue

Up

$505,092

Up $27,439 (+5.7%) from 2016

Expenses

Down

$473,476

Down $18,614 (-3.8%) from 2016

Net Income

Up

$31,616

Up $46,053 (+319%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $303,661Liabilities 2011: $42,227Net Assets 2011: $261,4342011Assets 2012: $291,781Liabilities 2012: $26,406Net Assets 2012: $265,3752012Assets 2013: $277,845Liabilities 2013: $11,001Net Assets 2013: $266,8442013Assets 2014: $277,482Liabilities 2014: $24,014Net Assets 2014: $253,4682014Assets 2015: $230,323Liabilities 2015: $36,086Net Assets 2015: $194,2372015Assets 2016: $215,046Liabilities 2016: $31,461Net Assets 2016: $183,5852016Assets 2017: $255,759Liabilities 2017: $28,188Net Assets 2017: $227,5712017Assets 2018: $414,178Liabilities 2018: $41,713Net Assets 2018: $372,4652018Assets 2019: $457,571Liabilities 2019: $77,240Net Assets 2019: $380,3312019Assets 2020: $470,026Liabilities 2020: $68,357Net Assets 2020: $401,6692020Assets 2021: $851,894Liabilities 2021: $61,983Net Assets 2021: $789,9112021Assets 2022: $724,709Liabilities 2022: $53,998Net Assets 2022: $670,7112022Assets 2023: $954,197Liabilities 2023: $142,960Net Assets 2023: $811,2372023Assets 2024: $1,054,107Liabilities 2024: $150,122Net Assets 2024: $903,9852024

Highlighted filing

2017

Assets$255,759
Liabilities$28,188
Net Assets$227,571

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $422,815Expenses 2011: $466,306Net Income 2011: -$43,4912011Expenses 2012: $462,2022012Revenue 2013: $485,671Expenses 2013: $484,202Net Income 2013: $1,4692013Revenue 2014: $577,657Expenses 2014: $585,896Net Income 2014: -$8,2392014Revenue 2015: $505,583Expenses 2015: $559,293Net Income 2015: -$53,7102015Revenue 2016: $477,653Expenses 2016: $492,090Net Income 2016: -$14,4372016Revenue 2017: $505,092Expenses 2017: $473,476Net Income 2017: $31,6162017Revenue 2018: $697,861Expenses 2018: $513,615Net Income 2018: $184,2462018Revenue 2019: $446,624Expenses 2019: $494,505Net Income 2019: -$47,8812019Revenue 2020: $225,953Expenses 2020: $206,337Net Income 2020: $19,6162020Revenue 2021: $584,062Expenses 2021: $340,598Net Income 2021: $243,4642021Revenue 2022: $601,241Expenses 2022: $626,158Net Income 2022: -$24,9172022Revenue 2023: $785,940Expenses 2023: $750,813Net Income 2023: $35,1272023Revenue 2024: $810,998Expenses 2024: $770,553Net Income 2024: $40,4452024

Highlighted filing

2017

Revenue$505,092
Expenses$473,476
Net Income$31,616
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$547,168
Mission and Program Overview

Mission

The organization was formed to foster the development and appreciation of the performing arts in the thousand islands region.

To foster appreciation of the performing arts in the thousand islands region by offering and promoting outstanding performances and events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$174,696$196,628▲ $21,932
Cash and Non-Interest-Bearing Accounts$18,183$31,511▲ $13,328
Land, Buildings, and Equipment, Net$13,413$10,944▼ $2,469
Savings and Temporary Cash Investments$8,754$9,829▲ $1,075
Prepaid Expenses and Deferred Charges-$6,847-
Total Assets$215,046$255,759▲ $40,713
Liabilities
Deferred Revenue$26,225$18,075▼ $8,150
Accounts Payable and Accrued Expenses$1,486$7,163▲ $5,677
Other Liabilities$3,750$2,950▼ $800
Total Liabilities$31,461$28,188▼ $3,273
Net Assets / Fund Balance
Unrestricted Net Assets$183,585$215,574▲ $31,989
Temporarily Rstr Net Assets-$11,997-
Total Net Assets Fund Balance$183,585$227,571▲ $43,986
Total Liabilities and Net Assets / Fund Balance$215,046$255,759▲ $40,713

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,944$235,727$246,671
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie GarnseyExecutive DiFT$50,776$50,776

Board Members and Trustees

NameTitle
Kristina Randazzo IvesPresident
Cathy HallerBoard Member
Dan ThroopBoard Member
Dory SheldonBoard Member
Fred BachBoard Member
Fritz HagerBoard Member
Irene CarmanBoard Member
Jane BeadelBoard Member
Kassandra KittleBoard Member
Lisa MoynihanBoard Member
Megan KendallBoard Member
Mike FolsomBoard Member
Paul GebhardtBoard Member
Teresa GallupBoard Member
Terry AuglianoBoard Member
Peggy LekanderDevelopment
John SlatterySecretary
Brent RichardsonTreasurer
Fred SchmittVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$183,076
Program Service Revenue
$308,979
Investment Income
$13,037
Other Revenue
$0
All Other Contributions
$183,076
Change in Net Assets
$31,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$505,092
Revenue Not Reported on Form 990
$12,370
Total Revenue per Audited Statements
$517,462
Total Revenue per Form 990
$505,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$357,610
Salaries, Compensation, and Employee Benefits$115,866
Total Fundraising Expense$43,643
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,077$21,077$10,538$52,692
Current Officers, Directors, Trustees, and Key Employees$20,310$20,310$10,156$50,776
All Other Expenses$31,764$4,506$1,898$38,168
Advertising$27,542-$4,860$32,402
Office Expenses$9,729$1,115$2,475$13,319
Other Expenses$4,203$4,203$2,102$10,508
Depreciation Depletion$7,646$344-$7,990
Payroll Taxes$3,110$3,110$1,554$7,774
Other Employee Benefits$1,850$1,850$924$4,624
Conferences and Meetings$1,760$1,761-$3,521
Insurance$1,288$1,288$644$3,220
Total Functional Expenses$370,269$59,564$43,643$473,476

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$473,476
Total Expenses per Audited Statements$473,476
Total Expenses per Form 990$473,476
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
Opera House Rent Deposit$2,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 11B

The board of directors is provided with a draft copy of the 990 to review.

Form 990, Page 6, Part VI, Line 12C

Any conflict of interest is addressed by the board and a resolution is provided.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and determines compensation for executive director.

Form 990, Page 6, Part VI, Line 19

Governing documents are provided upon request to the public.

Filing and Contact Details

Filer

Filer Name
Thousand Islands Performing
EIN
22-2317579
Phone
3156862200
Address
PO BOX 123, CLAYTON, NY 13624

Signing Officer

Name
Kristina Randazzo Ives
Title
President
Phone
3156861037
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristina Randazzo Ives
Formed
2003
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
70

Preparer

Firm
Crowley & Halloran Cpas Pc
Address
215 WASHINGTON ST STE 100, WATERTOWN, NY 13601-3343
Preparer
Pamela J Halloran
Phone
3157883140
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Fasb asc section 740, "income taxes," requires entities to disclose in their financial statements the nature of any uncertainties in their tax position. Tax years including 2014 and later are subject to examination by tax authorities. Areas that irs and state tax authorities consider when examining tax returns of a charity include, but may not be limited to, tax-exempt status and the existence and amount of unrelated business income. Thousand islands performing arts fund, inc. Does not believe that it has any uncertain tax positions with respect to these or other matters, and has not recorded any unrecognized tax benefits or liability for penalties or interest. Thousand islands performing arts fund, inc. Is not aware of any circumstances or events that make it reasonably possible that tax benefits may increase or decrease within 12 months of the date of these financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DI
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IRS990/FormationYr02003
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01288
IRS990/InsuranceGrp/ProgramServicesAmt01288
IRS990/InsuranceGrp/TotalAmt03220
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt013413
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010944
IRS990/LandBldgEquipCostOrOtherBssAmt0246671
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt042076
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MissionDesc0THE ORGANIZATION WAS FORMED TO FOSTER THE DEVELOPMENT AND APPRECIATION OF THE PERFORMING ARTS IN THE THOUSAND ISLAND REGION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0183585
IRS990/NetAssetsOrFundBalancesEOYAmt0227571
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07618
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IRS990/NetUnrlzdGainsLossesInvstAmt012370
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0924
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01850
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01850
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04624
IRS990/OtherExpensesGrp/Desc0PERFORMANCE EXPENSE
IRS990/OtherExpensesGrp/Desc1RENTAL TICKET EXPENSE
IRS990/OtherExpensesGrp/Desc2FEES
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt08492
IRS990/OtherExpensesGrp/FundraisingAmt12102
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04203
IRS990/OtherExpensesGrp/ProgramServicesAmt0192408
IRS990/OtherExpensesGrp/ProgramServicesAmt139259
IRS990/OtherExpensesGrp/ProgramServicesAmt28323
IRS990/OtherExpensesGrp/ProgramServicesAmt34203
IRS990/OtherExpensesGrp/TotalAmt0192408
IRS990/OtherExpensesGrp/TotalAmt139259
IRS990/OtherExpensesGrp/TotalAmt216815
IRS990/OtherExpensesGrp/TotalAmt310508
IRS990/OtherLiabilitiesGrp/BOYAmt03750
IRS990/OtherLiabilitiesGrp/EOYAmt02950
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010538
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021077
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01554
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03110
IRS990/PayrollTaxesGrp/ProgramServicesAmt03110
IRS990/PayrollTaxesGrp/TotalAmt07774
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06847
IRS990/PrincipalOfficerNm0KRISTINA RANDAZZO IVES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PERFORMANCES
IRS990/ProgramServiceRevenueGrp/Desc1YOUNG PEOPLES' THEATRE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124212
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22898
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22898
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0141105
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010032
IRS990/PYOtherExpensesAmt0375664
IRS990/PYProgramServiceRevenueAmt0326516
IRS990/PYRevenuesLessExpensesAmt0-14437
IRS990/PYSalariesCompEmpBnftPaidAmt0116426
IRS990/PYTotalExpensesAmt0492090
IRS990/PYTotalRevenueAmt0477653
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt031616
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0308979
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08754
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09829
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0183076
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0141105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0154712
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0209413
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0203158
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0891464
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05419
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04946
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09332
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011892
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt018241
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt049830
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0308979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0326516
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0354465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0354646
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0264272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01608878
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05419
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04946
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09332
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011892
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt018241
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt049830
IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96430
IRS990ScheduleA/PublicSupportPY509Pct00.92350
IRS990ScheduleA/PublicSupportTotal509Amt02459242
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt041100
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt041100
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt041100
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt041100
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0492055
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0467621
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0509177
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0564059
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0467430
IRS990ScheduleA/Total509Grp/TotalAmt02500342
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0497474
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0472567

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.15$0.90$0.81$0.77$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.14$0.81$0.79$0.75$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.05$0.67$0.60$0.63$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.06$0.79$0.58$0.34$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.07$0.40$0.23$0.21$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.08$0.38$0.45$0.49$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.04$0.37$0.70$0.51$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$0.51$0.47$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.03$0.18$0.48$0.49$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.04$0.19$0.51$0.56$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.25$0.58$0.59$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$0.49$0.48$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.03$0.27$0.46
2011Summary only. Only limited summary data is available for this year.$0.30$0.04$0.26$0.42$0.47$0.04