Civic Intelligence

Participant Incorporated

990 • Fiscal year 2019 • EIN 26-0017746

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

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

95th percentile

1.88x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

0.31x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Asset Growth

7th percentile

-56%

Faster asset growth than 7% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

-2.7%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$50,179

Down $62,593 (-56%) from 2018

Net Assets

Down

-$44,294

Down $52,063 (-670%) from 2018

Liabilities

Down

$94,473

Down $10,530 (-10%) from 2018

Revenue

Down

$306,944

Down $8,678 (-2.7%) from 2018

Expenses

Up

$369,037

Up $38,674 (+12%) from 2018

Net Income

Down

-$62,093

Down $47,352 (-321%) from 2018

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

2019

Assets$50,179
Liabilities$94,473
Net Assets-$44,294

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

2019

Revenue$306,944
Expenses$369,037
Net Income-$62,093
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$318,478
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,142$24,194▼ $5,948
Pledges and Grants Receivable$22,000--
Loans From Officers Directors$35,731$20,927▼ $14,804
Cash and Non-Interest-Bearing Accounts$50,128$16,491▼ $33,637
Prepaid Expenses and Deferred Charges$924$1,086▲ $162
Total Assets$111,602$50,179▼ $61,423
Other Assets Total$8,408$8,408→ $0
Liabilities
Accounts Payable and Accrued Expenses$57,507$38,986▼ $18,521
Mortgage Notes Payable Secured by Investment Property-$27,000-
Unsecured Notes Loans Payable$565$7,560▲ $6,995
Other Liabilities$0$0→ $0
Total Liabilities$93,803$94,473▲ $670
Net Assets / Fund Balance
Net Assets With Donor Restrictions$22,000$25,000▲ $3,000
Net Assets Without Donor Restrictions$-4,201$-69,294▼ $65,093
Total Net Assets Fund Balance$17,799$-44,294▼ $62,093
Total Liabilities and Net Assets / Fund Balance$111,602$50,179▼ $61,423

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Equipment$24,194$111,923-
Other Assets Org$8,408--
Compensation and Service Providers

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
Lia GangitanoFounder/director
Lucien BahajEx Officio
Ramsey McphillipsEx Officio
Timothy U NyeEx Officio
Thalia FeilenSecretary
Ross EvangelistaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,226
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$14,718
All Other Contributions
$250,873
Change in Net Assets
$-62,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,724
Salaries, Compensation, and Employee Benefits$32,313
Total Fundraising Expense$1,271
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$114,414$38,138$0$152,552
All Other Expenses$45,443$5,002$134$50,579
Other Salaries and Wages$14,770$14,022$1,003$29,795
Other Expenses$22,840$0$0$22,840
Fees for Services Other$14,050$4,070$0$18,120
Insurance$7,023$1,753$4$8,780
Depreciation Depletion$7,816$0$0$7,816
Information Technology$5,004$0$0$5,004
Fees for Services Accounting$0$4,200$0$4,200
Travel$4,119$0$0$4,119
Payroll Taxes$1,248$1,185$85$2,518
Office Expenses$658$625$45$1,328
Total Functional Expenses$298,771$68,995$1,271$369,037
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,409
Fundraising Gross Income$7,409
Professional Fundraising Fees$0
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$35,731$20,927▼ $14,804
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
0$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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
2020-11-11
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
2
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.

Other

Part iii, line 4a:we began 2018 with a residency and performances by keyon gaskin, [a swatch of lavender]: a self portrait, commissioned and presented in partnership with gibney dance from january 11-14, 2018. This was followed by a solo exhibition of paintings and works on paper by jayne county, paranoia paradise, curated by michael fox from february 4 - march 18, 2018. We launched our friends edition kathe burkhart, small hole: from the liz taylor series (ash wednesday) on sunday, february 11, 2018 and hosted our first in a dinner series with mbhave: the artist cooks on february 26, 2018. This was followed by a solo exhibition of collages and an inhabited sculpture by narcissister, studies for participatory sculpture, which remained on view from april 20 - may 6, 2018. Lyle ashton harris returned to performance on the opening night of his solo exhibition aka daddy, which remained on view from may 13 through june 24, 2018; he was joined in conversation with khary simon on june 24, 2018. We then presented the first major solo exhibition by tuesday smillie, reflecting light into the unshadow from july 1 - august 5, 2018. This was followed by an august residency period for the project, a new job to unwork at, organized by guest curators andrew kachel and clara lopez menendez. It included the following public programs and workshops, all taking place in august and september 2018: punching songs together, a musical performance by amelia bande??with susan karabush, neyza honore, jenno snyder, and tina zavitzanos; coop fund?hosting the first of two workshops that gave an introduction to coop fund, detailing how it was started, and how it operates now; a screening curated by karl mccool including films by joann elam, everyday people (rough cut), 1978-90 and kevin jerome everson, company line, 2009; and we presented a conversation between kathi weeks, professor of gender, sexuality and feminist studies at duke university and author of the problem with work: feminism, marxism, antiwork politics and postwork imaginaries, and lise soskolne, artist and core organizer of working artists and the greater economy (w.a.g.e.), a new york-based activist organization. ? This residency period was followed by the group exhibition, a new job to unwork at, curated by andrew kachel and clara lopez menendez, on view from september 9 - october 14, 2018. During the exhibition's run, public programs included an artist talk by rafa esparza; readings in conjunction with the launch of glq journal on queer commons; and a play by valerie lynn werder, a notable fiction. Sunday, october 14, 2018. In october 2018, we organized and hosted public programs in conjunction with the exhibition the conditions of being art, pat hearn gallery and american fine arts, co. Including a screening and talk by patterson beckwith regarding art club 2000; a skype lecture by julia scher; a performance by simon leung; and an artist talk with tishan hsu. Also on october 28, 2018, we hosted a book launch and viewing of related ephemera, with readings by john brattin and clara lopez menendez regarding the publication ellen cantor, a history of the world as it has become known to me. This was followed by breaking wave (november 4 - 18, 2018), a benefit exhibition on the occasion of participant's 16th anniversary. With works by stephen andrews, michel auder, itziar barrio, f.p. Boue, lizzi bougatsos, robert boyd, matthew brannon, kathe burkhart, jayne county, vaginal davis, kate finneran, glen fogel, ektor garcia, cy gavin, jeffrey gibson, neil goldberg, felix gonzalez-torres, renee green, k8 hardy, baseera khan, m lamar, michael lazarus, lovett/codagnone, shelley marlow, virgil marti, nick mauss, daniel mcdonald, josephine meckseper, glendalys medina, felipe meres, marilyn minter, narcissister, laura parnes, kembra pfahler, luther price, marja samsom, cole sayer, kate shepherd, tuesday smillie, spencer sweeney, tabboo! (stephen tashjian), paul thek, conrad ventur, and rona yefman. Also o

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

Administrative costs 2427. 0. 2427. 0.

Form 990, Part IX, Line 24E

Telephone 2049. 1016. 964. 69.

Form 990, Part IX, Line 24E

Documentation 2300. 2300. 0. 0.

Form 990, Part IX, Line 24E

Benefit expense 65. 0. 0. 65.

Form 990, Part IX, Line 24E

Opening and event costs 1018. 1018. 0. 0.

Form 990, Part IX, Line 24E

MEALS 7325. 7325. 0. 0.

Form 990, Part IX, Line 24E

Publication 9021. 9021. 0. 0.

Form 990, Part IX, Line 24E

Storage 1214. 1214. 0. 0.

Form 990, Part IX, Line 24E

Other expenses 25160. 23549. 1611. 0.

Financial Statement Notes

Pt X, Line 2

The organization has evaluated its current tax positions and has concluded that as of december 31, 2019, the organization does not have any significant uncertain tax positions for which a reserve would be necessary.

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