Civic Intelligence

Stringendo Inc

990 • Fiscal year 2020 • EIN 26-0535130

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 14, 2021

1580 Route 376Wappingers Falls, NY 12590

(845) 264-1206

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.00x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

59th percentile

11%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

88th percentile

94%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-26%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$62,734

Up $30,467 (+94%) from 2019

Net Assets

Up

$62,645

Up $30,692 (+96%) from 2019

Liabilities

Down

$89

Down $225 (-72%) from 2019

Revenue

Down

$274,617

Down $98,997 (-26%) from 2019

Expenses

Down

$243,925

Down $134,951 (-36%) from 2019

Net Income

Up

$30,692

Up $35,954 (+683%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $86,396Liabilities 2010: $2Net Assets 2010: $86,3942010Assets 2011: $121,167Liabilities 2011: $132Net Assets 2011: $121,0352011Assets 2013: $113,377Liabilities 2013: $504Net Assets 2013: $112,8732013Assets 2014: $77,414Liabilities 2014: $81Net Assets 2014: $77,3332014Assets 2015: $56,860Liabilities 2015: $134Net Assets 2015: $56,7262015Assets 2016: $35,143Liabilities 2016: $389Net Assets 2016: $34,7542016Assets 2017: $42,958Liabilities 2017: $732Net Assets 2017: $42,2262017Assets 2018: $37,781Liabilities 2018: $566Net Assets 2018: $37,2152018Assets 2019: $32,267Liabilities 2019: $314Net Assets 2019: $31,9532019Assets 2020: $62,734Liabilities 2020: $89Net Assets 2020: $62,6452020

Highlighted filing

2020

Assets$62,734
Liabilities$89
Net Assets$62,645

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $212,9642010Expenses 2011: $203,1622011Expenses 2013: $209,4612013Revenue 2014: $314,088Expenses 2014: $349,628Net Income 2014: -$35,5402014Revenue 2015: $339,082Expenses 2015: $359,689Net Income 2015: -$20,6072015Revenue 2016: $355,430Expenses 2016: $377,402Net Income 2016: -$21,9722016Revenue 2017: $380,117Expenses 2017: $372,645Net Income 2017: $7,4722017Revenue 2018: $367,839Expenses 2018: $381,350Net Income 2018: -$13,5112018Revenue 2019: $373,614Expenses 2019: $378,876Net Income 2019: -$5,2622019Revenue 2020: $274,617Expenses 2020: $243,925Net Income 2020: $30,6922020

Highlighted filing

2020

Revenue$274,617
Expenses$243,925
Net Income$30,692
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 14, 2021
Return Version
2019v5.0
Gross Receipts
$280,199
Mission and Program Overview

Mission

The organization's mission is to teach, promote and enhance musical performance for elementary, middle school and high school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$37,918-
Savings and Temporary Cash Investments$22,398$15,137▼ $7,261
Land, Buildings, and Equipment, Net$1,369$1,179▼ $190
Total Assets$32,267$62,734▲ $30,467
Other Assets Total$8,500$8,500→ $0
Liabilities
Other Liabilities$314$89▼ $225
Total Liabilities$314$89▼ $225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,953$62,645▲ $30,692
Total Net Assets Fund Balance$31,953$62,645▲ $30,692
Total Liabilities and Net Assets / Fund Balance$32,267$62,734▲ $30,467

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,179$4,973$6,152
Other Assets Org$8,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan R HandmanDirector-$23,623$23,623
Carole B SchaadDirector-$15,567$15,567
Danielle SundbergExecutive DiPT$11,500$11,500

Board Members and Trustees

NameTitle
Lisa RubensteinPresident
Alicia Crisp FerrisDirector
Brian BarkerDirector
Carolyn F PalmerDirector
James West DavidsonDirector
Karen GreenbaumDirector
Kristine CullenSecretary
Michael LeeTreasurer
Ian AngeloneTreasurer -
Terry D HornerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$70,871
Program Service Revenue
$192,381
Investment Income
$15
Other Revenue
$11,350
All Other Contributions
$28,971
Change in Net Assets
$30,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$188,597
Other Expenses$52,787
Grants and Similar Amounts Paid$2,541
Total Fundraising Expense$811
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$102,779$15,098-$117,877
Current Officers, Directors, Trustees, and Key Employees$18,593$35,200-$53,793
Payroll Taxes$12,493$4,434-$16,927
Occupancy$10,257$2,343-$12,600
All Other Expenses$3,074$2,680$161$5,915
Insurance-$4,539-$4,539
Office Expenses$1,116$1,926$650$3,692
Fees for Services Accounting-$3,500-$3,500
Grants to Domestic Individuals$2,541--$2,541
Other Expenses$255$2,360-$2,360
Fees for Services Other$1,425--$1,425
Depreciation Depletion-$190-$190
Advertising$150--$150
Total Functional Expenses$165,474$77,640$811$243,925
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,078
Fundraising Direct Expenses$1,000
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
Sales Tax Payable$89
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 11B

The process for review is to circulate the 990 by email or make a hard copy available at the office for everyone on the board to review.

Form 990, Page 6, Part VI, Line 12C

The executive director monitors the conflict of interest disclosures ensuring annual disclosures are completed annually by each board member.

Form 990, Page 6, Part VI, Line 15B

All employees are part-time. The entire board has participated in surveying other organizations to determine appropriate compensation given our size and amount of work required of the employees. There are no comparable organizations due to our unique status as an orchestra/fiddle school so we have unique payment schedules.

Form 990, Page 6, Part VI, Line 19

The organization makes its' form 990 available for public inspection as required under section 6104 (d) of the internal revenue code. Upon written request a copy of forms 990 and/or 1023 will be provided.

Filing and Contact Details

Filer

Filer Name
Stringendo Inc
EIN
26-0535130
Phone
8452641206
Address
1580 ROUTE 376, WAPPINGERS FALLS, NY 12590

Signing Officer

Name
Michael Lee
Title
Treasurer
Phone
8452641206
Signed
2021-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Rubenstein
Formed
2007
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
37
Volunteers
60

Preparer

Firm
Cindy M Smith CPA Pc
Address
2419 ROUTE 82/PO BOX 26, BILLINGS, NY 12510
Preparer
Cindy M Smith CPA
Phone
8455922826
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers consist of board members who volunteer their time without pay to govern the organization. Also, members and their family/friends occasionally volunteer time to assist in program related activities to benefit the organization.

Form 990, Page 5, Part V, Line 3B

The organization is a not-for-profit entity that is exempt from income taxes under section 501(c)(3) of the internal revenue code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in its filing jurisdictions; and to identify and evaluate other matters that may be considered tax positions.

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IRS990/OtherLiabilitiesGrp/EOYAmt089
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015098
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0102779
IRS990/OtherSalariesAndWagesGrp/TotalAmt0117877
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04434
IRS990/PayrollTaxesGrp/ProgramServicesAmt012493
IRS990/PayrollTaxesGrp/TotalAmt016927
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LISA RUBENSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/BusinessCd3711130
IRS990/ProgramServiceRevenueGrp/BusinessCd4711130
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1FEES
IRS990/ProgramServiceRevenueGrp/Desc2REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM PAGES
IRS990/ProgramServiceRevenueGrp/Desc4GIG INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150033
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119607
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt218375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119607
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt218375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4836
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt062170
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt013547
IRS990/PYInvestmentIncomeAmt049
IRS990/PYOtherExpensesAmt0130317
IRS990/PYOtherRevenueAmt010408
IRS990/PYProgramServiceRevenueAmt0300987
IRS990/PYRevenuesLessExpensesAmt0-5262
IRS990/PYSalariesCompEmpBnftPaidAmt0235012
IRS990/PYTotalExpensesAmt0378876
IRS990/PYTotalRevenueAmt0373614
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt030692
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0192381
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022398
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015137
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01179
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04973
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06152
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DONATED INSTRUMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01179
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08500
IRS990ScheduleD/TotalLiabilityAmt089
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PROPERLY MADE ITS RACIALLY NONDISCRIMINATORY POLICY KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY SERVED BY THE ORGANIZATION. THE NOTICE APPEARS IN ITS BROCHURES AND REGISTRATION DOCUMENTS DURING THE REGISTRATION PERIOD.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS CONSIST OF BOARD MEMBERS WHO VOLUNTEER THEIR TIME WITHOUT PAY TO GOVERN THE ORGANIZATION. ALSO, MEMBERS AND THEIR FAMILY/FRIENDS OCCASIONALLY VOLUNTEER TIME TO ASSIST IN PROGRAM RELATED ACTIVITIES TO BENEFIT THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A NOT-FOR-PROFIT ENTITY THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN ITS FILING JURISDICTIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR REVIEW IS TO CIRCULATE THE 990 BY EMAIL OR MAKE A HARD COPY AVAILABLE AT THE OFFICE FOR EVERYONE ON THE BOARD TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR MONITORS THE CONFLICT OF INTEREST DISCLOSURES ENSURING ANNUAL DISCLOSURES ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL EMPLOYEES ARE PART-TIME. THE ENTIRE BOARD HAS PARTICIPATED IN SURVEYING OTHER ORGANIZATIONS TO DETERMINE APPROPRIATE COMPENSATION GIVEN OUR SIZE AND AMOUNT OF WORK REQUIRED OF THE EMPLOYEES. THERE ARE NO COMPARABLE ORGANIZATIONS DUE TO OUR UNIQUE STATUS AS AN ORCHESTRA/FIDDLE SCHOOL SO WE HAVE UNIQUE PAYMENT SCHEDULES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS' FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 (D) OF THE INTERNAL REVENUE CODE. UPON WRITTEN REQUEST A COPY OF FORMS 990 AND/OR 1023 WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt032267
IRS990/TotalAssetsEOYAmt062734
IRS990/TotalAssetsGrp/BOYAmt032267
IRS990/TotalAssetsGrp/EOYAmt062734
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt070871
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0811
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077640
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0165474
IRS990/TotalFunctionalExpensesGrp/TotalAmt0243925
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0314
IRS990/TotalLiabilitiesEOYAmt089
IRS990/TotalLiabilitiesGrp/BOYAmt0314
IRS990/TotalLiabilitiesGrp/EOYAmt089
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031953
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt062645
IRS990/TotalProgramServiceExpensesAmt0165474
IRS990/TotalProgramServiceRevenueAmt0192381
IRS990/TotalReportableCompFromOrgAmt050690
IRS990/TotalRevenueGrp/ExclusionAmt011365
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192381
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0274617
IRS990/TotalVolunteersCnt060

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