Civic Intelligence

Friends of Madame White Snake Inc

990 • Fiscal year 2021 • EIN 26-2176762

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

280 Lee StreetBrookline, MA 02445

(617) 277-7219

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

44th percentile

4.4%

Higher net margin than 44% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

96th percentile

296%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

183%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$51,448

Up $38,443 (+296%) from 2020

Net Assets

Up

$50,231

Up $104,691 (+192%) from 2020

Liabilities

Down

$1,217

Down $66,248 (-98%) from 2020

Revenue

Up

$311,754

Up $201,699 (+183%) from 2020

Expenses

Up

$298,191

Up $130,971 (+78%) from 2020

Net Income

Up

$13,563

Up $70,728 (+124%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $72,455Liabilities 2010: $0Net Assets 2010: $72,4552010Assets 2011: $33,172Liabilities 2011: $0Net Assets 2011: $33,1722011Assets 2012: $21,644Liabilities 2012: $0Net Assets 2012: $21,6442012Assets 2013: $93,137Liabilities 2013: $0Net Assets 2013: $93,1372013Assets 2014: $9,947Liabilities 2014: $0Net Assets 2014: $9,9472014Assets 2015: $35,361Liabilities 2015: $0Net Assets 2015: $35,3612015Assets 2017: $12,914Liabilities 2017: $7,275Net Assets 2017: $5,6392017Assets 2018: $2,156Liabilities 2018: $8,559Net Assets 2018: -$6,4032018Assets 2019: $9,980Liabilities 2019: $7,275Net Assets 2019: $2,7052019Assets 2020: $13,005Liabilities 2020: $67,465Net Assets 2020: -$54,4602020Assets 2021: $51,448Liabilities 2021: $1,217Net Assets 2021: $50,2312021Assets 2022: $179,412Liabilities 2022: $64,845Net Assets 2022: $114,5672022Assets 2023: $157,792Liabilities 2023: $12,297Net Assets 2023: $145,4952023Assets 2024: $219,104Liabilities 2024: $18,844Net Assets 2024: $200,2602024

Highlighted filing

2021

Assets$51,448
Liabilities$1,217
Net Assets$50,231

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $334,0982010Revenue 2011: $8,746Expenses 2011: $48,029Net Income 2011: -$39,2832011Revenue 2012: $4,157Expenses 2012: $15,685Net Income 2012: -$11,5282012Revenue 2013: $172,018Expenses 2013: $100,525Net Income 2013: $71,4932013Revenue 2014: $117,776Expenses 2014: $200,966Net Income 2014: -$83,1902014Revenue 2015: $26,183Expenses 2015: $769Net Income 2015: $25,4142015Revenue 2017: $88,397Expenses 2017: $182,540Net Income 2017: -$94,1432017Revenue 2018: $138,700Expenses 2018: $150,742Net Income 2018: -$12,0422018Revenue 2019: $128,134Expenses 2019: $119,026Net Income 2019: $9,1082019Revenue 2020: $110,055Expenses 2020: $167,220Net Income 2020: -$57,1652020Revenue 2021: $311,754Expenses 2021: $298,191Net Income 2021: $13,5632021Revenue 2022: $928,324Expenses 2022: $857,807Net Income 2022: $70,5172022Revenue 2023: $935,015Expenses 2023: $904,087Net Income 2023: $30,9282023Revenue 2024: $331,783Expenses 2024: $277,018Net Income 2024: $54,7652024

Highlighted filing

2021

Revenue$311,754
Expenses$298,191
Net Income$13,563
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$311,754
Mission and Program Overview

Mission

The friends of madame white snake (fmws) is a grassroots organization of individuals who are inspired by the story of an individuals yearning for that one bright life-defining moment that illuminates who we are and gives meaning to our existence. Symbolized by the ancient greek icon of a serpent eating its own tail, our work is a cyclical meditation on what it means to be human. The organization aims to build bridges between the asian and mainstream american communities through immersion in cultural expressions of music, drama, and dance. Fmws has also formed alliances with boston-area arts organizations and community groups to establish arts-inspired outreach and education programs.

White snake projects, inspired by the legendary white snake demon who becomes human to experience the intense and transformational power of human life, is dedicated to the mission of creating original opera of the highest production values combined with a social conscience. Founded by iconoclasts charles and cerise jacobs, the company has continued the mission of the white snake under cerise's guidance following charles's death, investing in american composers adept at telling the myth-based stories that live in our collective imaginations through music. As a socially active organization, white snake projects believes in making art accessible to all, and commits one-third of all seats to underserved communities of all kinds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,989$45,267▼ $13,722
Total Assets$58,989$51,448▼ $7,541
Other Assets Total$0$6,181▲ $6,181
Liabilities
Accounts Payable and Accrued Expenses$22,321$1,217▼ $21,104
Total Liabilities$22,321$1,217▼ $21,104
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36,668$50,231▲ $13,563
Total Net Assets Fund Balance$36,668$50,231▲ $13,563
Total Liabilities and Net Assets / Fund Balance$58,989$51,448▼ $7,541

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$6,181--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$296,155
Program Service Revenue
$15,599
Investment Income
$0
Other Revenue
$0
All Other Contributions
$296,155
Change in Net Assets
$13,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$298,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$73,900-$73,900
All Other Expenses$36,555--$36,555
Other Expenses$28,549$50,024-$28,549
Fees for Services Accounting-$11,044-$11,044
Office Expenses-$5,327-$5,327
Insurance-$2,947-$2,947
Total Functional Expenses$154,949$143,242$0$298,191
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two board members are related (mother and son).

Form 990, Part VI, Section A, Line 8A

The board of directors meets on an as-needed basis and does not formally document minutes of these meetings.

Form 990, Part VI, Section A, Line 8B

Friends of madame white snake does not have separate committees of the board of directors.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed and approved by the president of the board of directors prior to filing.

Form 990, Part VI, Section B, Line 15

Form 990, part vi, line 15: there is no compensation to any employees.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
White Snake Projects Inc
EIN
26-2176762
Phone
6172777219
Address
280 LEE STREET, BROOKLINE, MA 02445

Signing Officer

Name
Cerise Lim Jacobs
Title
President/treasurer
Phone
6172777219
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cerise Lim Jacobs
Formed
2008
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
3

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Joshua England
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Designer fees: program service expenses 22,906. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,906. Builds/ rentals: program service expenses 13,649. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,649.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0448151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0118700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01165458
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt092488
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52930
IRS990ScheduleA/PublicSupportPY170Pct00.45980
IRS990ScheduleA/PublicSupportTotal170Amt0616845
IRS990ScheduleA/SubstantialContributorsTotAmt0548613
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0296155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0214055
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0448151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0118700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt088397
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01165458
IRS990ScheduleA/TotalSupportAmt01165458
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/OtherAssetsOrgGrp/BookValueAmt06181
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06181
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO BOARD MEMBERS ARE RELATED (MOTHER AND SON).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MEETS ON AN AS-NEEDED BASIS AND DOES NOT FORMALLY DOCUMENT MINUTES OF THESE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FRIENDS OF MADAME WHITE SNAKE DOES NOT HAVE SEPARATE COMMITTEES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART VI, LINE 15: THERE IS NO COMPENSATION TO ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESIGNER FEES: PROGRAM SERVICE EXPENSES 22,906. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,906. BUILDS/ RENTALS: PROGRAM SERVICE EXPENSES 13,649. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,649.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt058989
IRS990/TotalAssetsEOYAmt051448
IRS990/TotalAssetsGrp/BOYAmt058989
IRS990/TotalAssetsGrp/EOYAmt051448
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0296155
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0143242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0154949
IRS990/TotalFunctionalExpensesGrp/TotalAmt0298191
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022321
IRS990/TotalLiabilitiesEOYAmt01217
IRS990/TotalLiabilitiesGrp/BOYAmt022321
IRS990/TotalLiabilitiesGrp/EOYAmt01217
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt036668
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050231
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0154949
IRS990/TotalProgramServiceRevenueAmt015599
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015599
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0311754
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058989
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051448
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0280 LEE STREET
IRS990/USAddress/CityNm0BROOKLINE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002445
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.WHITESNAKEPROJECTS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CERISE LIM JACOBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06172777219
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHITE SNAKE PROJECTS INC
ReturnHeader/Filer/BusinessNameControlTxt0WHIT
ReturnHeader/Filer/EIN0262176762
ReturnHeader/Filer/PhoneNum06172777219
ReturnHeader/Filer/USAddress/AddressLine1Txt0280 LEE STREET
ReturnHeader/Filer/USAddress/CityNm0BROOKLINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002445
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AAFCPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 WASHINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSHUA ENGLAND
ReturnHeader/ReturnTs02022-11-14T15:19:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CERISE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LIM JACOBS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.19$2.00$3.32$2.77$0.55
2023Detailed filing. Detailed filing data is available for this year.$1.58$0.12$1.45$9.35$9.04$0.31
2022Detailed filing. Detailed filing data is available for this year.$1.79$0.65$1.15$9.28$8.58$0.71
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.01$0.50$3.12$2.98$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.13$0.67$0.54$1.10$1.67$0.57
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.07$0.03$1.28$1.19$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.09$0.06$1.39$1.51$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.13$0.07$0.06$0.88$1.83$0.94
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.26$0.01$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.18$2.01$0.83
2013Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$1.72$1.01$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.04$0.16$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.09$0.48$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$3.34