Civic Intelligence

Strand Ventures Inc.

990 • Fiscal year 2021 • EIN 22-3733350

Jun 01, 2020 to May 31, 2021 • Filed on Aug 30, 2021

400 Clifton AvenueLakewood, NJ 08701

(732) 367-7789

Siviq Scores

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

Liabilities / Assets

94th percentile

1.14x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.51x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Net Margin

73rd percentile

33%

Higher net margin than 73% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Asset Growth

80th percentile

61%

Faster asset growth than 80% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-48%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$114,774

Up $43,585 (+61%) from 2020

Net Assets

Up

-$15,871

Up $83,914 (+84%) from 2020

Liabilities

Down

$130,645

Down $40,329 (-24%) from 2020

Revenue

Down

$256,454

Down $234,904 (-48%) from 2020

Expenses

Down

$172,540

Down $285,566 (-62%) from 2020

Net Income

Up

$83,914

Up $50,662 (+152%) from 2020

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

2021

Assets$114,774
Liabilities$130,645
Net Assets-$15,871

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

2021

Revenue$256,454
Expenses$172,540
Net Income$83,914
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Aug 30, 2021
Return Version
2020v4.1
Gross Receipts
$256,454
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
Cash and Non-Interest-Bearing Accounts$49,868$81,505▲ $31,637
Land, Buildings, and Equipment, Net$16,900$19,052▲ $2,152
Prepaid Expenses and Deferred Charges$4,148$6,960▲ $2,812
Accounts Receivable-$6,882-
Investments in Publicly Traded Securities$273$375▲ $102
Total Assets$71,189$114,774▲ $43,585
Liabilities
Accounts Payable and Accrued Expenses$77,010$56,021▼ $20,989
Unsecured Notes Loans Payable$50,285$50,530▲ $245
Other Liabilities$43,679$24,094▼ $19,585
Total Liabilities$170,974$130,645▼ $40,329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-99,785$-15,871▲ $83,914
Total Net Assets Fund Balance$-99,785$-15,871▲ $83,914
Total Liabilities and Net Assets / Fund Balance$71,189$114,774▲ $43,585

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,052$30,193$49,245
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amy FreemanPresident
Andrei JackamentsVice President
Craig TheibaultDirector
Dave KapulskyDirector
Debbie Roeder ShawDirector
Fran KirschnerDirector
Gene MeleDirector
Glenn HarrisonDirector
Jeffrey GerstenblattDirector
Jon PetzDirector
Sam SopranoDirector
Steven ReinmanDirector
Ervin OrossSecretary
Karen Stafford-smithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$216,474
Program Service Revenue
$39,830
Investment Income
$48
Other Revenue
$102
Change in Net Assets
$83,914

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,175
Salaries, Compensation, and Employee Benefits$40,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$66,260$3,166-$69,426
Other Salaries and Wages$29,373$3,264-$32,637
Fees for Services Accounting-$11,603-$11,603
Office Expenses$6,229$505-$6,734
Depreciation Depletion$6,311--$6,311
Insurance$5,973$314-$6,287
Fees for Services Other-$5,238-$5,238
Payroll Taxes$3,874$430-$4,304
Other Employee Benefits$3,082$342-$3,424
Advertising$2,905--$2,905
Other Expenses$2,216$180-$2,396
Total Functional Expenses$147,498$25,042$0$172,540
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$24,094
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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 11B

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

Filer Name
Strand Ventures Inc
EIN
22-3733350
Phone
7323677789
Address
400 CLIFTON AVENUE, LAKEWOOD, NJ 08701

Signing Officer

Name
Amy Freeman
Title
President
Phone
7323677789
Signed
2021-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Freeman
Formed
2000
Legal Domicile
Nj
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Mohel Elliott Bauer & Gass Cpas Pa
Address
8 EXECUTIVE DRIVE SUITE 1, TOMS RIVER, NJ 08755
Preparer
Gerwin K Bauer
Phone
7323636500
Supplemental Narrative

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/PrepaidExpensesDefrdChargesGrp/BOYAmt04148
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06960
IRS990/PrincipalOfficerNm0AMY FREEMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039830
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt083948
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt032
IRS990/PYOtherExpensesAmt0227596
IRS990/PYOtherRevenueAmt0-103
IRS990/PYProgramServiceRevenueAmt0407481
IRS990/PYRevenuesLessExpensesAmt033252
IRS990/PYSalariesCompEmpBnftPaidAmt0230510
IRS990/PYTotalExpensesAmt0458106
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0491358
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt083914
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0147498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0216474
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt083948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0126394
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0105813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0112258
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0644887
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0644887
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0216474
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt083948
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0126394
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0105813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0112258
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0644887
IRS990ScheduleA/TotalSupportAmt0644887
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019052
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030193
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt049245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED INCOME
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019052
IRS990ScheduleD/TotalLiabilityAmt024094
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0USE OF FACILITIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE AUDITED FINANCIAL STATEMENT AND DRAFT OF FORM 990 IS PROVIDED TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt071189
IRS990/TotalAssetsEOYAmt0114774
IRS990/TotalAssetsGrp/BOYAmt071189
IRS990/TotalAssetsGrp/EOYAmt0114774
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0216474
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147498
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172540
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0170974
IRS990/TotalLiabilitiesEOYAmt0130645
IRS990/TotalLiabilitiesGrp/BOYAmt0170974
IRS990/TotalLiabilitiesGrp/EOYAmt0130645
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-99785
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-15871
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0147498
IRS990/TotalProgramServiceRevenueAmt039830
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0150
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039830
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256454
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071189
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0114774
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt050285
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt050530
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 CLIFTON AVENUE
IRS990/USAddress/CityNm0LAKEWOOD
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008701
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.STRAND.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

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
Peer Organizations

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