Civic Intelligence

Participant Incorporated

990 • Fiscal year 2017 • EIN 26-0017746

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

253 East Houston StreetNew York, NY 10002

(212) 254-4334

Siviq Scores

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

Liabilities / Assets

90th percentile

0.83x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

0.24x

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$13,370

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Asset Growth

13th percentile

-39%

Faster asset growth than 13% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-34%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$73,282

Down $47,010 (-39%) from 2016

Net Assets

Down

$12,249

Down $62,930 (-84%) from 2016

Liabilities

Up

$61,033

Up $15,920 (+35%) from 2016

Revenue

Down

$251,074

Down $126,782 (-34%) from 2016

Expenses

Down

$314,004

Down $5,777 (-1.8%) from 2016

Net Income

Down

-$62,930

Down $121,005 (-208%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $112,670Liabilities 2010: $58,282Net Assets 2010: $54,3882010Assets 2016: $120,292Liabilities 2016: $45,113Net Assets 2016: $75,1792016Assets 2017: $73,282Liabilities 2017: $61,033Net Assets 2017: $12,2492017Assets 2018: $112,772Liabilities 2018: $105,003Net Assets 2018: $7,7692018Assets 2019: $50,179Liabilities 2019: $94,473Net Assets 2019: -$44,2942019Assets 2020: $160,469Liabilities 2020: $48,740Net Assets 2020: $111,7292020Assets 2021: $147,673Liabilities 2021: $97,134Net Assets 2021: $50,5392021Assets 2022: $216,038Liabilities 2022: $52,541Net Assets 2022: $163,4972022Assets 2023: $845,798Liabilities 2023: $405,396Net Assets 2023: $440,4022023Assets 2024: $976,365Liabilities 2024: $182,994Net Assets 2024: $793,3712024

Highlighted filing

2017

Assets$73,282
Liabilities$61,033
Net Assets$12,249

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $205,1192010Revenue 2016: $377,856Expenses 2016: $319,781Net Income 2016: $58,0752016Revenue 2017: $251,074Expenses 2017: $314,004Net Income 2017: -$62,9302017Revenue 2018: $315,622Expenses 2018: $330,363Net Income 2018: -$14,7412018Revenue 2019: $306,944Expenses 2019: $369,037Net Income 2019: -$62,0932019Revenue 2020: $454,339Expenses 2020: $298,316Net Income 2020: $156,0232020Revenue 2021: $418,378Expenses 2021: $479,568Net Income 2021: -$61,1902021Revenue 2022: $700,428Expenses 2022: $562,930Net Income 2022: $137,4982022Revenue 2023: $755,693Expenses 2023: $478,788Net Income 2023: $276,9052023Revenue 2024: $1,726,063Expenses 2024: $1,373,094Net Income 2024: $352,9692024

Highlighted filing

2017

Revenue$251,074
Expenses$314,004
Net Income-$62,930
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$258,158
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,776$37,959▼ $7,817
Cash and Non-Interest-Bearing Accounts$4,663$20,512▲ $15,849
Loans From Officers Directors$21,310$19,709▼ $1,601
Pledges and Grants Receivable$60,000$5,000▼ $55,000
Prepaid Expenses and Deferred Charges$1,445$1,403▼ $42
Total Assets$120,292$73,282▼ $47,010
Other Assets Total$8,408$8,408→ $0
Liabilities
Accounts Payable and Accrued Expenses$14,803$40,854▲ $26,051
Unsecured Notes Loans Payable$9,000$470▼ $8,530
Total Liabilities$45,113$61,033▲ $15,920
Net Assets / Fund Balance
Temporarily Rstr Net Assets$60,000$35,000▼ $25,000
Unrestricted Net Assets$15,179$-22,751▼ $37,930
Total Net Assets Fund Balance$75,179$12,249▼ $62,930
Total Liabilities and Net Assets / Fund Balance$120,292$73,282▼ $47,010

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$36,096$73,355$109,451
Equipment$1,863$22,935$24,798
Other Assets Org$8,408--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lia GangitanoFounder/directorFT$13,370$13,370

Board Members and Trustees

NameTitle
Jacqueline HumphriesPresident
Mari SpiritoVice President
Annie OhayonBoard Member
April HuntBoard Member
Derrick AdamsBoard Member
Elisabeth SussmanBoard Member
Ellen F SalpeterBoard Member
Jeffrey GibsonBoard Member
Joseph R WolinBoard Member
Justin Vivian BondBoard Member
Marisa NewmanBoard Member
Michele MaccaroneBoard Member
Renaud ProchBoard Member
Rose LordBoard Member
Sheri PasquarellaBoard Member
Tony OurslerBoard Member
Lucien BahajEx Officio
Ramsey McphillipsEx Officio
Timothy U NyeEx Officio
Thalia FeilenSecretary
Ross EvangelistaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$230,267
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$20,807
All Other Contributions
$193,867
Change in Net Assets
$-62,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$294,563
Salaries, Compensation, and Employee Benefits$19,441
Total Fundraising Expense$8,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$106,663$35,554$0$142,217
All Other Expenses$30,973$4,999$1,274$37,246
Fees for Services Other$9,800$6,548$0$16,348
Current Officers, Directors, Trustees, and Key Employees$6,277$1,298$6,683$14,258
Insurance$6,489$1,538$50$8,077
Depreciation Depletion$7,817$0$0$7,817
Office Expenses$6,886$231$443$7,560
Fees for Services Accounting$0$5,700$0$5,700
Travel$5,180$0$0$5,180
Other Salaries and Wages$2,639$2,188$0$4,827
Information Technology$2,499$0$0$2,499
Advertising$2,305$0$0$2,305
Other Expenses$730$0$0$730
Payroll Taxes$166$65$125$356
Total Functional Expenses$247,308$58,121$8,575$314,004
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,084
Fundraising Gross Income$2,700
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$17,100$2,700-$2,700
Total Events$17,100$2,700$7,084$-4,384
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$21,310$19,709▼ $1,601
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Participant Inc
EIN
26-0017746
Phone
2122544334
Address
253 EAST HOUSTON STREET, NEW YORK, NY 10002

Signing Officer

Name
Lia Gangitano
Title
Director
Phone
2122544334
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lia Gangitano
Formed
2001
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
18
Employees
0
Volunteers
20

Preparer

Firm
Rich and Bander Llp
Address
79 Madison Avenue 2nd Floor, New York, NY 10016
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Other

Part i, line 1 & part iii, line 1:the mission of participant, inc. Is to serve artists through in-depth consideration, presentation, and the publishing of critical writing; and to introduce the work into public contexts through exhibitions, screenings, performances, and education programs. The organization's mission builds upon alternative space methodologies, particularly a commitment to interdisciplinary, intergenerational exhibition making, and an insistence upon placing together, in one space, work from various mediums - encouraging the coexistence of visual and time-based art.

Pt VI, Line 11B

The director reviews form 990 prior to filing.

Pt VI, Line 12C

Officers/directors are required to disclose conflicts of interest annually.

Pt VI, Line 19

UPON REQUEST.

Form 990, Part IX, Line 24E

Installation - crew 17289. 17289. 0. 0.

Form 990, Part IX, Line 24E

Payroll processing fees 998. 0. 998. 0.

Form 990, Part IX, Line 24E

Equipment rental and repairs 1793. 1793. 0. 0.

Form 990, Part IX, Line 24E

Administrative costs 3730. 0. 3730. 0.

Form 990, Part IX, Line 24E

Telephone 1483. 693. 271. 519.

Form 990, Part IX, Line 24E

Documentation 3050. 3050. 0. 0.

Form 990, Part IX, Line 24E

Benefit expense 755. 0. 0. 755.

Form 990, Part IX, Line 24E

Opening and event costs 1574. 1574. 0. 0.

Form 990, Part IX, Line 24E

MEALS 6574. 6574. 0. 0.

Financial Statement Notes

Pt X, Line 2

The organization has evaluated its current tax positions and has concluded that as of december 31, 2017, the organization does not have any significant uncertain tax positions for which a reserve would be necessary.

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IRS990/Desc0MATT KEEGAN'S GENERATION, BUILT UPON THE ARTIST'S INQUIRY INTO PERSONAL MANIFESTATIONS OF SOCIAL PHENOMENA SUCH AS CITIZENSHIP, PARTICIPATION, AND IDENTITY CONSTRUCTION THROUGH THE LENS OF FAMILY. BASEERA KHAN'S IAMUSLIMA EXHIBITION FROM FEBUARY TO MARCH 2017. DURING IT'S RUN, CHOREOGRAPHER TRAJAL HARRELL PRESENTED THE RETURN OF LA ARGENTINA, FOLLOWED BY A DISCUSSION WITH JUSTIN VIVIAN BOND AND BILL T JONES AS PART OF NEW YORK LIVE ARTS, MX'D MESSAGES, CURATED BY JUSTIN VIVIAN BOND AND ELIZABETH KOKE. TO CELEBRATE THE 25TH ANNIVERSARY OF THE BANQUET, HUNTER REYNOLDS AND CHRYSANNE STATHACOS STAGED A SCREENING OF ARCHIVAL PERFORMANCE DOCUMENTATION ON MAY 1, 2017 IN CONJUNCTION WITH AN EXHIBITION EPHEMERA OFFICE ENTERPRISE: THE BANQUET FROM MAY 1 - 7, 2017. FULL-LENGTH EXHIBITION WITH THE FIRST US SOLO EXHIBITION OF PAULINE BOUDRY AND RENATE LORENZ, EVERYBODY TALKS ABOUT THE WEATHER... WE DON'T, WHICH FEATURED A NEWLY COMMISSIONED HD FILM, TELEPATHIC IMPROVISATION. ORGANIZED BY ALHENA KATSOF AND MASON LEAVER-YAP, IT RAN FROM JUNE 2 - JULY 16, 2017. AUGUST RESIDENCY FEATURED DAMIEN ECHOLS AND JEN DENIKE, IN PREPARATION TO OPEN THE FALL SEASON WITH THEIR COLLABORATIVE, INTERACTIVE EXHIBITION, 777, FEATURING SEVEN SITE-SPECIFIC INSTALLATIONS, INCLUDING LIVE AND TIME-BASED ELEMENTS. DURING ITS RUN, KLAUS METTIG HOSTED, GIVING A SLIDE LECTURE AND PERFORMANCE; AND JUST AFTER HOSTED SILVIA RIVERA LAW PROJECT BENEFIT. THE BODY IS A HOUSE, A SERIES OF EVENING-LENGTH PERFORMANCES BY NARCISSISTER WERE PRESENTED AS PART OF PERFORMA 17. IN NOVEMBER-DECEMBER, BORN YESTERDAY, A PROJECT BY G.B. JONES AND PAUL P. INCLUDING COLLABORATIVE AND INDIVIDUAL WORKS WAS PRESENTED, AND HOSTED THE GIBNEY DANCE & PARTICIPANT RESIDENCY WITH KEYON GASKIN.
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