Civic Intelligence

Strand Ventures Inc.

990 • Fiscal year 2014 • EIN 22-3733350

Jun 01, 2013 to May 31, 2014 • Filed on Feb 13, 2015

400 Clifton Avenue08701

(732) 367-7789

Siviq Scores

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

Liabilities / Assets

99th percentile

3.33x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

0.35x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Net Margin

30th percentile

-5.6%

Higher net margin than 30% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2014 filings • NTEE A • $500k-$1M nonprofits • Source year 2014

Asset Growth

93rd percentile

111%

Faster asset growth than 93% of similar nonprofits.

2014 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$67,952

Up $35,752 (+111%) from 2013

Net Assets

Down

-$158,463

Down $35,833 (-29%) from 2013

Liabilities

Up

$226,415

Up $71,585 (+46%) from 2013

Revenue

$643,396

No earlier filing loaded for comparison.

Expenses

Up

$679,229

Up $60,829 (+9.8%) from 2013

Net Income

-$35,833

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2011: $54,933Liabilities 2011: $207,890Net Assets 2011: -$152,9572011Assets 2012: $49,573Liabilities 2012: $172,895Net Assets 2012: -$123,3222012Assets 2013: $32,200Liabilities 2013: $154,830Net Assets 2013: -$122,6302013Assets 2014: $67,952Liabilities 2014: $226,415Net Assets 2014: -$158,4632014Assets 2015: $43,442Liabilities 2015: $169,731Net Assets 2015: -$126,2892015Assets 2016: $28,343Liabilities 2016: $145,387Net Assets 2016: -$117,0442016Assets 2017: $24,695Liabilities 2017: $168,264Net Assets 2017: -$143,5692017Assets 2018: $39,450Liabilities 2018: $177,406Net Assets 2018: -$137,9562018Assets 2019: $53,021Liabilities 2019: $186,058Net Assets 2019: -$133,0372019Assets 2020: $71,189Liabilities 2020: $170,974Net Assets 2020: -$99,7852020Assets 2021: $114,774Liabilities 2021: $130,645Net Assets 2021: -$15,8712021Assets 2022: $385,274Liabilities 2022: $207,635Net Assets 2022: $177,6392022Assets 2023: $431,150Liabilities 2023: $191,639Net Assets 2023: $239,5112023Assets 2024: $352,164Liabilities 2024: $163,955Net Assets 2024: $188,2092024Assets 2025: $246,576Liabilities 2025: $133,042Net Assets 2025: $113,5342025

Highlighted filing

2014

Assets$67,952
Liabilities$226,415
Net Assets-$158,463

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $801,0462011Expenses 2012: $740,2372012Expenses 2013: $618,4002013Revenue 2014: $643,396Expenses 2014: $679,229Net Income 2014: -$35,8332014Revenue 2015: $512,003Expenses 2015: $479,829Net Income 2015: $32,1742015Revenue 2016: $626,541Expenses 2016: $617,296Net Income 2016: $9,2452016Revenue 2017: $606,249Expenses 2017: $632,774Net Income 2017: -$26,5252017Revenue 2018: $599,353Expenses 2018: $593,740Net Income 2018: $5,6132018Revenue 2019: $589,111Expenses 2019: $584,192Net Income 2019: $4,9192019Revenue 2020: $491,358Expenses 2020: $458,106Net Income 2020: $33,2522020Revenue 2021: $256,454Expenses 2021: $172,540Net Income 2021: $83,9142021Revenue 2022: $617,363Expenses 2022: $423,853Net Income 2022: $193,5102022Revenue 2023: $590,776Expenses 2023: $528,904Net Income 2023: $61,8722023Revenue 2024: $587,074Expenses 2024: $638,376Net Income 2024: -$51,3022024Revenue 2025: $511,935Expenses 2025: $586,610Net Income 2025: -$74,6752025

Highlighted filing

2014

Revenue$643,396
Expenses$679,229
Net Income-$35,833
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$643,396
Mission and Program Overview

Mission

To promote cultural,educational and artistic events and to preserve the historical site of the strand theater in and for the community of lakewood, nj.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$3,058$19,114▲ $16,056
Cash and Non-Interest-Bearing Accounts$762$15,720▲ $14,958
Prepaid Expenses and Deferred Charges$3,460$11,391▲ $7,931
Accounts Receivable$3,337--
Land, Buildings, and Equipment, Net$3,262$3,036▼ $226
Investments in Publicly Traded Securities$186$186→ $0
Total Assets$32,200$67,952▲ $35,752
Other Assets Total$18,135$18,505▲ $370
Liabilities
Accounts Payable and Accrued Expenses$45,569$117,979▲ $72,410
Other Liabilities$90,355$64,858▼ $25,497
Mortgage Notes Payable Secured by Investment Property$18,906$43,578▲ $24,672
Total Liabilities$154,830$226,415▲ $71,585
Net Assets / Fund Balance
Unrestricted Net Assets$-122,630$-158,463▼ $35,833
Total Net Assets Fund Balance$-122,630$-158,463▼ $35,833
Total Liabilities and Net Assets / Fund Balance$32,200$67,952▲ $35,752

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,036$13,953$16,989
Other Assets Org$18,505--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$126,043
Program Service Revenue
$517,344
Investment Income
$9
Other Revenue
$0
All Other Contributions
$59,919
Change in Net Assets
$-35,833

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$36,000Fair Market Value
Total Noncash Contributions1$36,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$643,396
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$643,396
Total Revenue per Form 990
$643,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$474,234
Salaries, Compensation, and Employee Benefits$204,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$155,442$17,271-$172,713
Occupancy$115,336$3,600-$118,936
Payroll Taxes$21,406$2,378-$23,784
Office Expenses-$19,314-$19,314
Other Expenses$8,580$358-$8,938
Fees for Services Accounting-$8,933-$8,933
Other Employee Benefits$7,648$850-$8,498
Interest-$5,070-$5,070
Fees for Services Other-$2,958-$2,958
Depreciation Depletion-$226-$226
Total Functional Expenses$613,221$66,008$0$679,229

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$679,229
Total Expenses per Audited Statements$679,229
Total Expenses per Form 990$679,229
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Unearned Income$64,858
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
No
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, Part VI, Section B, Line 11

A copy of the audited financial statement and draft of form 990 is provided to board members prior to filing.

Form 990, Part VI, Section B, Line 12C

The executive director monitors and enforces compliance with the conflict of interest policy. All vendors are approved by the director and also monitors the business relationships to ensure that no conflicts of interest exist.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

EIN
22-3733350
Phone
7323677789

Signing Officer

Name
Scott Macfadden
Title
President
Phone
7323677789
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Macfadden
Formed
2000
Legal Domicile
Nj
Voting Board Members
21
Independent Board Members
21
Employees
27
Volunteers
0

Preparer

Preparer
Gerwin K Bauer
Phone
7323636500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

A draft of the financial statements is provided to the directors for review. After review by the president, treasurer & executive director the financial statements are presented to the board for approval.

Financial Statement Notes

PART X, LINE 2:

The organization regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax exempt status, unrelated business income, and related matters. The organization believes that in the event of an examination by taxing authorities, the organization's positions would prevail based upon the technical merits of such posititions. Therefore, the organization has concluded that no tax benefits or liabilities are required to be recognized in accordance with fin 48.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt26SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt066124
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0643396
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt05070
IRS990/InterestGrp/TotalAmt05070
IRS990/InvestmentIncomeGrp/ExclusionAmt09
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0186
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0186
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013953
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03262
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03036
IRS990/LandBldgEquipCostOrOtherBssAmt016989
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE CULTURAL,EDUCATIONAL AND ARTISTIC EVENTS AND TO PRESERVE THE HISTORICAL SITE OF THE STRAND THEATER IN AND FOR THE COMMUNITY OF LAKEWOOD, NJ.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt018906
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt043578
IRS990/NetAssetsOrFundBalancesBOYAmt0-122630
IRS990/NetAssetsOrFundBalancesEOYAmt0-158463
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03600
IRS990/OccupancyGrp/ProgramServicesAmt0115336
IRS990/OccupancyGrp/TotalAmt0118936
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019314
IRS990/OfficeExpensesGrp/TotalAmt019314
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018135
IRS990/OtherAssetsTotalGrp/EOYAmt018505
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0850
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07648
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08498
IRS990/OtherExpensesGrp/Desc0PRODUCTION EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER COSTS
IRS990/OtherExpensesGrp/Desc2INSURANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03119
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2358
IRS990/OtherExpensesGrp/ProgramServicesAmt0249653
IRS990/OtherExpensesGrp/ProgramServicesAmt155156
IRS990/OtherExpensesGrp/ProgramServicesAmt28580
IRS990/OtherExpensesGrp/TotalAmt0252772
IRS990/OtherExpensesGrp/TotalAmt157087
IRS990/OtherExpensesGrp/TotalAmt28938
IRS990/OtherLiabilitiesGrp/BOYAmt090355
IRS990/OtherLiabilitiesGrp/EOYAmt064858
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017271
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0155442
IRS990/OtherSalariesAndWagesGrp/TotalAmt0172713
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02378
IRS990/PayrollTaxesGrp/ProgramServicesAmt021406
IRS990/PayrollTaxesGrp/TotalAmt023784
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03058
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt019114
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03460
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011391
IRS990/PrincipalOfficerNm0SCOTT MACFADDEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0517344
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0113956
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019
IRS990/PYOtherExpensesAmt0384238
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0505117
IRS990/PYRevenuesLessExpensesAmt0692
IRS990/PYSalariesCompEmpBnftPaidAmt0234162
IRS990/PYTotalExpensesAmt0618400
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0619092
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-35833
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0517344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0126043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0113956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0217483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0173048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0337196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0967726
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0967726
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0126043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0113956
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0217483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0173048

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$1.33$1.14$5.12$5.87$0.75
2024Detailed filing. Detailed filing data is available for this year.$3.52$1.64$1.88$5.87$6.38$0.51
2023Detailed filing. Detailed filing data is available for this year.$4.31$1.92$2.40$5.91$5.29$0.62
2022Detailed filing. Detailed filing data is available for this year.$3.85$2.08$1.78$6.17$4.24$1.94
2021Detailed filing. Detailed filing data is available for this year.$1.15$1.31$0.16$2.56$1.73$0.84
2020Detailed filing. Detailed filing data is available for this year.$0.71$1.71$1.00$4.91$4.58$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.53$1.86$1.33$5.89$5.84$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.39$1.77$1.38$5.99$5.94$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.25$1.68$1.44$6.06$6.33$0.27
2016Detailed filing. Detailed filing data is available for this year.$0.28$1.45$1.17$6.27$6.17$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.43$1.70$1.26$5.12$4.80$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.68$2.26$1.58$6.43$6.79$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$1.55$1.23$6.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$1.73$1.23$7.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$2.08$1.53$8.01