Civic Intelligence

Patchogue Arts Council Inc.

990 • Fiscal year 2022 • EIN 26-2942036

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 27, 2023

20 Terry St Suite 116Patchogue, NY 11772

(631) 627-8686

Siviq Scores

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

Liabilities / Assets

91st percentile

0.55x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.17x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Net Margin

48th percentile

6.4%

Higher net margin than 48% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$77,675

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Asset Growth

97th percentile

278%

Faster asset growth than 97% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

165%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$157,207

Up $115,659 (+278%) from 2021

Net Assets

Up

$70,390

Up $32,049 (+84%) from 2021

Liabilities

Up

$86,817

Up $83,610 (+2607%) from 2021

Revenue

Up

$499,918

Up $310,921 (+165%) from 2021

Expenses

Up

$467,869

Up $291,570 (+165%) from 2021

Net Income

Up

$32,049

Up $19,351 (+152%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $7,804Liabilities 2010: $5,000Net Assets 2010: $2,8042010Assets 2011: $9,962Liabilities 2011: $0Net Assets 2011: $9,9622011Assets 2014: $40,090Liabilities 2014: $0Net Assets 2014: $40,0902014Assets 2015: $48,522Liabilities 2015: $0Net Assets 2015: $48,5222015Assets 2016: $31,922Liabilities 2016: $0Net Assets 2016: $31,9222016Assets 2017: $6,141Net Assets 2017: $6,1412017Assets 2018: $14,706Net Assets 2018: $14,7062018Assets 2019: $2,491Liabilities 2019: $0Net Assets 2019: $2,4912019Assets 2020: $41,847Liabilities 2020: $16,000Net Assets 2020: $25,8472020Assets 2021: $41,548Liabilities 2021: $3,207Net Assets 2021: $38,3412021Assets 2022: $157,207Liabilities 2022: $86,817Net Assets 2022: $70,3902022Assets 2023: $189,549Liabilities 2023: $97,906Net Assets 2023: $91,6432023Assets 2024: $244,691Liabilities 2024: $218,009Net Assets 2024: $26,6822024

Highlighted filing

2022

Assets$157,207
Liabilities$86,817
Net Assets$70,390

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $23,6272010Expenses 2011: $38,7332011Revenue 2014: $96,922Expenses 2014: $64,799Net Income 2014: $32,1232014Revenue 2015: $88,090Expenses 2015: $70,691Net Income 2015: $17,3992015Revenue 2016: $110,557Expenses 2016: $127,157Net Income 2016: -$16,6002016Revenue 2017: $123,455Expenses 2017: $149,236Net Income 2017: -$25,7812017Revenue 2018: $140,204Expenses 2018: $131,639Net Income 2018: $8,5652018Revenue 2019: $110,997Expenses 2019: $123,212Net Income 2019: -$12,2152019Revenue 2020: $159,621Expenses 2020: $136,265Net Income 2020: $23,3562020Revenue 2021: $188,997Expenses 2021: $176,299Net Income 2021: $12,6982021Revenue 2022: $499,918Expenses 2022: $467,869Net Income 2022: $32,0492022Revenue 2023: $577,226Expenses 2023: $555,973Net Income 2023: $21,2532023Revenue 2024: $605,086Expenses 2024: $670,047Net Income 2024: -$64,9612024

Highlighted filing

2022

Revenue$499,918
Expenses$467,869
Net Income$32,049
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 27, 2023
Return Version
2022v5.0
Gross Receipts
$503,080
Mission and Program Overview

Mission

Support, promote, and encourage the arts

To support, promote and encourage the arts through exhibits, public art, education and lectures with a focus on community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,619$85,539▲ $52,920
Accounts Receivable-$36,185-
Land, Buildings, and Equipment, Net-$4,511-
Total Assets$41,548$157,207▲ $115,659
Other Assets Total$8,929$30,972▲ $22,043
Liabilities
Accounts Payable and Accrued Expenses$3,207$37,608▲ $34,401
Other Liabilities-$30,972-
Deferred Revenue-$18,237-
Total Liabilities$3,207$86,817▲ $83,610
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,341$70,390▲ $32,049
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$38,341$70,390▲ $32,049
Total Liabilities and Net Assets / Fund Balance$41,548$157,207▲ $115,659

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$4,511$1,503$0
Leasehold Improvements$0$0$0
Other Assets Org$30,972--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beth GiacummoExecutive DirectorFT$77,675$77,675
Loretta Corbisiero-DrakosTrusteePT$10,000$10,000

Board Members and Trustees

NameTitle
Lori DevlinPresident and Treasurer
Jennifer Berotti1st Vice President
Jessica Valentin2nd Vice President
Edward SchmiederTrustee
Lori PanulloTrustee
Thomas FerbTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$478,563
Program Service Revenue
$12,147
Investment Income
$0
Other Revenue
$9,208
All Other Contributions
$89,982
Change in Net Assets
$32,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,970
Salaries, Compensation, and Employee Benefits$107,899
Total Fundraising Expense$6,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$237,035$100$320$237,455
Current Officers, Directors, Trustees, and Key Employees$69,483$10,883$3,349$83,715
Occupancy$13,998$11,327$1,155$26,480
Other Salaries and Wages$11,503$1,528$301$13,332
Fees for Services Accounting$220$12,554-$12,774
Payroll Taxes$6,337$991$358$7,686
Office Expenses$4,289$583-$4,872
Other Expenses$1,717$571$605$2,893
Pension Plan Contributions$1,920$305$121$2,346
Conferences and Meetings$1,170$432-$1,602
Depreciation Depletion$1,504--$1,504
Insurance$1,166$207$103$1,476
Other Employee Benefits$650$107$63$820
Information Technology$469--$469
Interest-$136-$136
Total Functional Expenses$418,171$43,013$6,685$467,869
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,220
Fundraising Direct Expenses$3,162
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Loretta Corbisiero-DrakosBoard Trustee of OrganizationCompany owned by Board Trustee paid $10k for artistic programming consulting - transaction was fully approved by the Board of TrusteesNo$10,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Lease Liability$30,972
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section B, Line 11B

The Board reviews the 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Annual review

Form 990, Part VI, Section B, Line 15

The Board approves all compensation for employees.

Form 990, Part VI, Section C, Line 19

Available upon request

Filing and Contact Details

Filer

Filer Name
Patchogue Arts Council Inc
EIN
26-2942036
Phone
6316278686
Address
20 Terry St Suite 116, Patchogue, NY 11772

Signing Officer

Name
Lori Devlin
Title
President and Treasurer
Phone
5163189283
Signed
2023-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Devlin
Formed
2008
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
22

Preparer

Firm
Accounting Firm of Susan A Rich
Address
3280 Sunrise Highway, 365, Wantagh, NY 11793
Preparer
Susan Rich
Phone
5165572325
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Artist & Musician Payments, Gallery Contractors, Education Consultants

Financial Statement Notes

Schedule D, Part X, Line 2

The Organization is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Organization believes it has no uncertain tax positions as of December 31, 2022 in accordance with Accounting Standards Codification ("ASC") Topic 740, "Income Taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0301
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01528
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011503
IRS990/OtherSalariesAndWagesGrp/TotalAmt013332
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0358
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0991
IRS990/PayrollTaxesGrp/ProgramServicesAmt06337
IRS990/PayrollTaxesGrp/TotalAmt07686
IRS990/PensionPlanContributionsGrp/FundraisingAmt0121
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0305
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01920
IRS990/PensionPlanContributionsGrp/TotalAmt02346
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Lori Devlin
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711510
IRS990/ProgramServiceRevenueGrp/Desc0Various Arts Programs
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012147
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0MoCA L.I.ghts, is a light projection festival which takes place each autumn over a long weekend whereby artist work is projected on iconic buildings utilizing a mapping technology that allows the artist to marry the work to the topography of the building. It takes place in downtown Patchogue Village. Artwork. Works are also presented on the historic theatre marquee and in other outdoor night gallery locations.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt056822
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt024178
IRS990/ProgSrvcAccomActy3Grp/Desc0Arts on Terry (AOT) is an annual contemporary art fair for all ages held on Terry Street, Patchogue's official arts district. The fair highlights 300+ artists with 35+ solo artist booths, 20+ live-painters, 17+ organizations ( museums & organizations), and 17+ street artists as well as a full day of demonstrations, family-friendly activities, live music, poetry, and other performances. This event is free to the public.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt028811
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02590
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other Programs
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt080798
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0107984
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt0174088
IRS990/PYExcessBenefitTransInd00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt097317
IRS990/PYOtherRevenueAmt05073
IRS990/PYProgramServiceRevenueAmt09836
IRS990/PYRevenuesLessExpensesAmt012698
IRS990/PYSalariesCompEmpBnftPaidAmt078982
IRS990/PYTotalExpensesAmt0176299
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0188997
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt032049
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0273929
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0478563
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0157888
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0146887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0110176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0961644
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct01
IRS990ScheduleA/PublicSupportTotal170Amt0961644
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0478563
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0157888
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0146887
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt068130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0110176
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0961644
IRS990ScheduleA/TotalSupportAmt0961644
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/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04511
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01503
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06014
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt030972
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Right of Use Lease
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030972
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Right of Use Lease Liability
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Organization believes it has no uncertain tax positions as of December 31, 2022 in accordance with Accounting Standards Codification ("ASC") Topic 740, "Income Taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04511
IRS990ScheduleD/TotalBookValueOtherAssetsAmt030972
IRS990ScheduleD/TotalLiabilityAmt030972
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Loretta Corbisiero-Drakos
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board Trustee of Organization
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt010000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Company owned by Board Trustee paid $10k for artistic programming consulting - transaction was fully approved by the Board of Trustees
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board approves all compensation for employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Artist & Musician Payments, Gallery Contractors, Education Consultants
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 B, Line 15

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