Civic Intelligence

Morris County Art Association

EIN 22-2403677 • 501(c)3 • Morristown, NJ

Profile

To provide art classes for adults and children at very reasonable rates to benefit the local community and to enrich appreciation for the fine arts.

10 Catherine LaneMorristown, NJ 07960-5202

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.15x

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

NTEE A • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.10x

Higher debt load relative to revenue than 81% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2024

Net Margin

30th percentile

-3.9%

Higher net margin than 30% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE A • <$500k nonprofits • Source year 2024

Asset Growth

37th percentile

-5.8%

Faster asset growth than 37% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

7.9%

Faster revenue growth than 56% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$67,146

Up $18,997 (+39%) from 2022

Liabilities

Down

$9,615

Down $84 (-0.9%) from 2022

Net Assets

-

No earlier filing loaded for comparison.

Revenue

Up

$82,342

Up $28,749 (+54%) from 2022

Expenses

Up

$63,262

Up $13,538 (+27%) from 2022

Net Income

Up

$19,080

Up $15,211 (+393%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2012: $42,255Liabilities 2012: $3512012Assets 2013: $38,893Liabilities 2013: $3022013Assets 2014: $30,855Liabilities 2014: $487Net Assets 2014: $30,3682014Assets 2015: $26,923Liabilities 2015: $305Net Assets 2015: $26,6182015Assets 2016: $27,261Liabilities 2016: $181Net Assets 2016: $27,0802016Assets 2017: $34,918Net Assets 2017: $34,9182017Assets 2018: $33,334Liabilities 2018: $1782018Assets 2019: $37,564Liabilities 2019: $7232019Assets 2020: $35,796Liabilities 2020: $1,196Net Assets 2020: $34,6002020Assets 2021: $44,586Liabilities 2021: $10,000Net Assets 2021: $34,5862021Assets 2022: $48,149Liabilities 2022: $9,699Net Assets 2022: $38,4502022Assets 2023: $67,146Liabilities 2023: $9,6152023

Highlighted filing

2023

Assets$67,146
Liabilities$9,615
Net Assets-

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2012: $53,914Expenses 2012: $53,967Net Income 2012: -$532012Revenue 2013: $59,858Expenses 2013: $63,171Net Income 2013: -$3,3132013Revenue 2014: $48,880Expenses 2014: $57,103Net Income 2014: -$8,2232014Revenue 2015: $48,393Expenses 2015: $52,143Net Income 2015: -$3,7502015Revenue 2016: $45,639Expenses 2016: $45,176Net Income 2016: $4632016Revenue 2017: $53,730Expenses 2017: $45,892Net Income 2017: $7,8382017Revenue 2018: $52,435Expenses 2018: $54,197Net Income 2018: -$1,7622018Revenue 2019: $53,954Expenses 2019: $50,262Net Income 2019: $3,6922019Revenue 2020: $57,104Expenses 2020: $59,353Net Income 2020: -$2,2492020Revenue 2021: $27,276Expenses 2021: $27,290Net Income 2021: -$142021Revenue 2022: $53,593Expenses 2022: $49,724Net Income 2022: $3,8692022Revenue 2023: $82,342Expenses 2023: $63,262Net Income 2023: $19,0802023

Highlighted filing

2023

Revenue$82,342
Expenses$63,262
Net Income$19,080

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Jul 18, 2022
Return Version
2021v4.0
Gross Receipts
$53,593
Mission and Program Overview

Mission

To provide art classes for adults and children at very reasonable rates to benefit the local community and to enrich appreciation for the fine arts.

Program Services

DescriptionGrantsExpenses
TO PROVIDE ART CLASSES FOR ADULTS AND CHILDREN AT VERY REASONABLE RATES TO BENEFIT THE LOCAL COMMUNITY AND TO ENRICH APPRECIATION FOR THE FINE ARTS.-$42,374
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
VICTORIA STARGERPresident-$0--
MICHAEL SHACHAMVice Preside-$0--
IDA MCMANUSTreasurer-$0--
RICHARD TRACYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Morris County Art Association
EIN
22-2403677
Address
10 CATHERINE LANE, MORRISTOWN, NJ 07960-5202

Signing Officer

Name
Ida Mcmanus
Title
Treasurer
Phone
9732671722
Signed
2022-07-18

Preparer

Firm
Robert Alper CPA LLC
Address
56 WILKESHIRE BLVD, RANDOLPH, NJ 07869-2041
Preparer
Robert Alper CPA
Phone
9739981190
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 684 office expense 484 interest expense 272 liability insurance & d&o 7,207 worker's comp 627 utilities 3,543 art show expense 520 instructor fees 16,131 repairs & maintenance 4,412 safety & sanitation 99 annual report 31 payroll taxes 591 depreciation 180 website 2,582 building equipment 70 paypal fees 1,414 state of nj documents 30 total 38,877

Form 990-ez, Part II, Line 26

SBA LOAN 10,000 9,699

Form 990-ez, Part III

To provide art classes for adults and children at very reasonable rates to benefit the local community and to enrich appreciation for the fine arts.

Raw XML Appendix146 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0MORRIS COUNTY ART ASSOCIATION
IRS990EZ/BooksInCareOfDetail/PhoneNum09732671722
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt010 CATHERINE LANE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 684 OFFICE EXPENSE 484 INTEREST EXPENSE 272 LIABILITY INSURANCE & D&O 7,207 WORKER'S COMP 627 UTILITIES 3,543 ART SHOW EXPENSE 520 INSTRUCTOR FEES 16,131 REPAIRS & MAINTENANCE 4,412 SAFETY & SANITATION 99 ANNUAL REPORT 31 PAYROLL TAXES 591 DEPRECIATION 180 WEBSITE 2,582 BUILDING EQUIPMENT 70 PAYPAL FEES 1,414 STATE OF NJ DOCUMENTS 30 TOTAL 38,877
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SBA LOAN 10,000 9,699
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROVIDE ART CLASSES FOR ADULTS AND CHILDREN AT VERY REASONABLE RATES TO BENEFIT THE LOCAL COMMUNITY AND TO ENRICH APPRECIATION FOR THE FINE ARTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0222403677
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT ALPER CPA
ReturnHeader/ReturnTs02022-08-05T14:15:19-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02021-06-01
ReturnHeader/TaxPeriodEndDt02022-05-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits