Civic Intelligence

Arts Equity

990EZ • Fiscal year 2022 • EIN 22-2869993

Oct 01, 2021 to Sep 30, 2022 • Filed on Dec 12, 2023

Organization ProfileWWW.RI.VSARTS.ORG
142 Beacon AvenueJamestown, RI 02835

(401) 580-5502

Siviq Scores

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

Liabilities / Assets

78th percentile

0.08x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

13th percentile

-34%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

14th percentile

-35%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

84%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$29,548

Down $15,919 (-35%) from 2021

Net Assets

Down

$27,048

Down $15,919 (-37%) from 2021

Liabilities

Flat

$2,500

Flat from 2021

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin13th percentile

Revenue

Up

$46,332

Up $21,106 (+84%) from 2021

Expenses

Up

$62,251

Up $46,554 (+297%) from 2021

Net Income

Down

-$15,919

Down $25,448 (-267%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$300K$200K$100K$0Assets 2011: $227,726Liabilities 2011: $24,479Net Assets 2011: $203,2472011Assets 2012: $217,824Liabilities 2012: $8,000Net Assets 2012: $209,8242012Assets 2013: $194,681Liabilities 2013: $7,900Net Assets 2013: $186,7812013Assets 2014: $228,965Liabilities 2014: $30,485Net Assets 2014: $198,4792014Assets 2015: $231,939Liabilities 2015: $39,245Net Assets 2015: $192,6942015Assets 2016: $219,871Liabilities 2016: $29,400Net Assets 2016: $190,4712016Assets 2017: $187,979Liabilities 2017: $26,900Net Assets 2017: $161,0792017Assets 2018: $122,761Liabilities 2018: $9,400Net Assets 2018: $113,3612018Assets 2019: $67,121Liabilities 2019: $2,500Net Assets 2019: $64,6212019Assets 2020: $35,938Liabilities 2020: $2,500Net Assets 2020: $33,4382020Assets 2021: $45,467Liabilities 2021: $2,500Net Assets 2021: $42,9672021Assets 2022: $29,548Liabilities 2022: $2,500Net Assets 2022: $27,0482022Assets 2023: $29,797Liabilities 2023: $1,000Net Assets 2023: $28,7972023

Highlighted filing

2022

Assets$29,548
Liabilities$2,500
Net Assets$27,048
Open 2022 Filing

Operations Trend

Revenue Growth81st percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $307,347Expenses 2011: $287,137Net Income 2011: $20,2102011Revenue 2012: $233,873Expenses 2012: $227,296Net Income 2012: $6,5772012Expenses 2013: $198,5842013Revenue 2014: $205,555Expenses 2014: $193,857Net Income 2014: $11,6982014Revenue 2015: $159,466Expenses 2015: $165,251Net Income 2015: -$5,7852015Revenue 2016: $151,687Expenses 2016: $153,909Net Income 2016: -$2,2222016Revenue 2017: $126,737Expenses 2017: $156,130Net Income 2017: -$29,3932017Revenue 2018: $122,202Expenses 2018: $169,920Net Income 2018: -$47,7182018Revenue 2019: $86,208Expenses 2019: $134,948Net Income 2019: -$48,7402019Revenue 2020: $28,434Expenses 2020: $59,617Net Income 2020: -$31,1832020Revenue 2021: $25,226Expenses 2021: $15,697Net Income 2021: $9,5292021Revenue 2022: $46,332Expenses 2022: $62,251Net Income 2022: -$15,9192022Revenue 2023: $19,322Expenses 2023: $17,581Net Income 2023: $1,7412023

Highlighted filing

2022

Revenue$46,332
Expenses$62,251
Net Income-$15,919
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Dec 12, 2023
Return Version
2021v4.0
Gross Receipts
$46,332
Mission and Program Overview

Mission

Arts related activities that provide opportunities to individuals with disabilities

Program Services

DescriptionGrantsExpenses
WORKING TO CREATE A SOCIETY IN WHICH INDIVIDUALS WITH DISABILITIES CAN LEARN THROUGH, PARTICIPATE IN AND ENJOY THE ARTS.-$56,398
WORKING TO CREATE A SOCIETY FOR PEOPLE WITH DISABILITIES TO LEARN TO PARTICIPATE IN THE ARTS.--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROSEMARY BURNSPresident-$0--
KAREN CLAVETVice Preside-$0--
FRED RADWAYTreasurer-$0--
KIM ASHSecretary-$0--
LINDSEY PAQUETTECo - Secreta-$0--
STUART GIANNINIMedia Consul-$0--
Filing and Contact Details

Filer

Filer Name
Arts Equity
EIN
22-2869993
Phone
4015805502
Address
142 BEACON AVENUE, JAMESTOWN, RI 02835

Signing Officer

Name
Rosemary Burns
Title
President
Phone
4015805502
Signed
2023-12-12
Discuss with paid preparer
Yes

Preparer

Firm
CPA Associates
Address
51 JEFFERSON BLVD STE 2A, WARWICK, RI 02888
Preparer
David P Krekorian CPA
Phone
4014633003
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office expenses 3,963 telephone 942 direct expenses for progr 12,212 total 17,117”

Form 990-ez, Part II, Line 24

“Prepaid expenses and deferred charges 284 284 fixed assets 8,239 8,239 less accumulated depreciation 8,238 8,238 total 285 285”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 2,500 2,500”

Form 990-ez, Part III

“Arts related activities that provide opportunities to individuals with disabilities”

Form 990-ez, Part III, Line 31

“Working to create a society in which individuals with disabilities can learn through, participate in and enjoy the arts.”

Raw XML Appendix152 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.

Path#Value
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IRS990EZ/AddressChangeInd0X
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IRS990EZ/BooksInCareOfDetail/PhoneNum04015805502
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0142 BEACON STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0JAMESTOWN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002835
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt045182
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IRS990EZ/ExcessOrDeficitForYearAmt0-15919
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt042967
IRS990EZ/NetAssetsOrFundBalancesEOYAmt027048
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt042967
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt027048
IRS990EZ/OccupancyRentUtltsAndMaintAmt05496
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROSEMARY BURNS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KAREN CLAVET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2FRED RADWAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KIM ASH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LINDSEY PAQUETTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5STUART GIANNINI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CO - SECRETA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEDIA CONSUL
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0285
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0285
IRS990EZ/OtherExpensesTotalAmt017117
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ARTS RELATED ACTIVITIES THAT PROVIDE OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WORKING TO CREATE A SOCIETY FOR PEOPLE WITH DISABILITIES TO LEARN TO PARTICIPATE IN THE ARTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1WORKING TO CREATE A SOCIETY IN WHICH INDIVIDUALS WITH DISABILITIES CAN LEARN THROUGH, PARTICIPATE IN AND ENJOY THE ARTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt056398
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt039638
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02500
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02500
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt062251
IRS990EZ/TotalProgramServiceExpensesAmt056398
IRS990EZ/TotalRevenueAmt046332
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0WWW.RI.VSARTS.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt046322
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt025208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt028404
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt086106
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0121916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0307956
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0286
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0352
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportTotal170Amt0307956
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt046322
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt025208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt028404
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt086106
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0121916
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0307956
IRS990ScheduleA/TotalSupportAmt0308308
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSES 3,963 TELEPHONE 942 DIRECT EXPENSES FOR PROGR 12,212 TOTAL 17,117
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 284 284 FIXED ASSETS 8,239 8,239 LESS ACCUMULATED DEPRECIATION 8,238 8,238 TOTAL 285 285
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,500 2,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARTS RELATED ACTIVITIES THAT PROVIDE OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WORKING TO CREATE A SOCIETY IN WHICH INDIVIDUALS WITH DISABILITIES CAN LEARN THROUGH, PARTICIPATE IN AND ENJOY THE ARTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROSEMARY BURNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04015805502
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARTS EQUITY
ReturnHeader/Filer/BusinessNameControlTxt0ARTS
ReturnHeader/Filer/EIN0222869993
ReturnHeader/Filer/PhoneNum04015805502
ReturnHeader/Filer/USAddress/AddressLine1Txt0142 BEACON AVENUE
ReturnHeader/Filer/USAddress/CityNm0JAMESTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002835
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050505998
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CPA ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt051 JEFFERSON BLVD STE 2A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WARWICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002888
ReturnHeader/PreparerPersonGrp/PhoneNum04014633003
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID P KREKORIAN CPA
ReturnHeader/ReturnTs02024-04-29T14:24:00-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROSEMARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURNS
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,548
Liabilities
$2,500
Net assets
$27,048
Revenue
$46,332
Expenses
$62,251
Net income
-$15,919
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.19$0.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.03$0.27$0.46$0.62$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.45$0.03$0.43$0.25$0.16$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.03$0.33$0.28$0.60$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.65$0.86$1.35$0.49
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.09$1.13$1.22$1.70$0.48
2017Detailed filing. Detailed filing data is available for this year.$1.88$0.27$1.61$1.27$1.56$0.29
2016Detailed filing. Detailed filing data is available for this year.$2.20$0.29$1.90$1.52$1.54$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.32$0.39$1.93$1.59$1.65$0.06
2014Summary only. Only limited summary data is available for this year.$2.29$0.30$1.98$2.06$1.94$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.08$1.87$1.99
2012Summary only. Only limited summary data is available for this year.$2.18$0.08$2.10$2.34$2.27$0.07
2011Summary only. Only limited summary data is available for this year.$2.28$0.24$2.03$3.07$2.87$0.20