Civic Intelligence

Yarnwire Inc.

990 • Fiscal year 2023 • EIN 26-3041529

Aug 01, 2022 to Jul 31, 2023 • Filed on Jun 17, 2024

1717 Troutman Street 214Ridgewood, NY 11385

(718) 501-2654

Siviq Scores

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

Liabilities / Assets

49th percentile

0.03x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.01x

Higher debt load relative to revenue than 32% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Net Margin

42nd percentile

-0.6%

Higher net margin than 42% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

71st percentile

$60,300

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Asset Growth

24th percentile

-7.3%

Faster asset growth than 24% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

3.9%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$86,972

Down $6,880 (-7.3%) from 2022

Net Assets

Down

$84,183

Down $3,334 (-3.8%) from 2022

Liabilities

Down

$2,789

Down $3,546 (-56%) from 2022

Revenue

Up

$528,199

Up $19,936 (+3.9%) from 2022

Expenses

Up

$531,533

Up $60,058 (+13%) from 2022

Net Income

Down

-$3,334

Down $40,122 (-109%) from 2022

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2013: $16,513Liabilities 2013: $0Net Assets 2013: $16,5132013Assets 2014: $38,749Liabilities 2014: $0Net Assets 2014: $38,7492014Assets 2015: $36,402Liabilities 2015: $0Net Assets 2015: $36,4022015Assets 2016: $54,235Liabilities 2016: $0Net Assets 2016: $54,2352016Assets 2017: $20,874Liabilities 2017: $0Net Assets 2017: $20,8742017Assets 2018: $35,523Liabilities 2018: $4,500Net Assets 2018: $31,0232018Assets 2019: $26,884Liabilities 2019: $0Net Assets 2019: $26,8842019Assets 2020: $60,713Liabilities 2020: $24,542Net Assets 2020: $36,1712020Assets 2021: $78,641Liabilities 2021: $27,912Net Assets 2021: $50,7292021Assets 2022: $93,852Liabilities 2022: $6,335Net Assets 2022: $87,5172022Assets 2023: $86,972Liabilities 2023: $2,789Net Assets 2023: $84,1832023Assets 2024: $70,368Liabilities 2024: $33,892Net Assets 2024: $36,4762024

Highlighted filing

2023

Assets$86,972
Liabilities$2,789
Net Assets$84,183

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $68,652Expenses 2013: $55,134Net Income 2013: $13,5182013Revenue 2014: $88,346Expenses 2014: $66,110Net Income 2014: $22,2362014Revenue 2015: $125,401Expenses 2015: $127,748Net Income 2015: -$2,3472015Revenue 2016: $199,879Expenses 2016: $182,046Net Income 2016: $17,8332016Revenue 2017: $178,997Expenses 2017: $212,358Net Income 2017: -$33,3612017Revenue 2018: $257,056Expenses 2018: $246,907Net Income 2018: $10,1492018Revenue 2019: $222,437Expenses 2019: $226,576Net Income 2019: -$4,1392019Revenue 2020: $239,729Expenses 2020: $230,442Net Income 2020: $9,2872020Revenue 2021: $223,669Expenses 2021: $209,111Net Income 2021: $14,5582021Revenue 2022: $508,263Expenses 2022: $471,475Net Income 2022: $36,7882022Revenue 2023: $528,199Expenses 2023: $531,533Net Income 2023: -$3,3342023Revenue 2024: $371,254Expenses 2024: $418,961Net Income 2024: -$47,7072024

Highlighted filing

2023

Revenue$528,199
Expenses$531,533
Net Income-$3,334
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 17, 2024
Return Version
2022v5.0
Gross Receipts
$528,199
Mission and Program Overview

Mission

The organization seeks to educate the general public in music and other art forms by providing lectures, individual and group lessons, seminars, and performances.

To educate the general public in music and other art forms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$62,754$65,394▲ $2,640
Accounts Receivable$17,000$19,177▲ $2,177
Land, Buildings, and Equipment, Net$5,718$0▼ $5,718
Cash and Non-Interest-Bearing Accounts$8,380$2,401▼ $5,979
Total Assets$93,852$86,972▼ $6,880
Liabilities
Accounts Payable and Accrued Expenses$6,335$2,789▼ $3,546
Total Liabilities$6,335$2,789▼ $3,546
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$87,517$84,183▼ $3,334
Total Net Assets Fund Balance$87,517$84,183▼ $3,334
Total Liabilities and Net Assets / Fund Balance$93,852$86,972▼ $6,880

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$8,577$8,577
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Russell GreenbergExecutive DirectorPT$60,300$60,300

Board Members and Trustees

NameTitle
Lawrence MesichChair
Elizabeth WangDirector
Kelly SavageSecretary
Tami MorseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$277,803
Program Service Revenue
$247,643
Investment Income
$2,753
Other Revenue
$0
All Other Contributions
$185,158
Change in Net Assets
$-3,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$284,612
Other Expenses$246,921
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,773$40,364-$126,137
Payroll Taxes$66,147$31,128-$97,275
Travel$62,866--$62,866
Current Officers, Directors, Trustees, and Key Employees$41,616$19,584-$61,200
Fees for Services Other$59,924--$59,924
Occupancy$18,400$18,401-$36,801
Advertising$16,716--$16,716
Fees for Services Accounting-$7,407-$7,407
Other Expenses$3,938$2,625-$6,563
Office Expenses$745$746-$1,491
Fees for Services Legal-$710-$710
Total Functional Expenses$410,568$120,965$0$531,533
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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

Governance Explanations

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

The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended form 990 will be filed.

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

The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.

Form 990, Part VI, Section B, Line 15A

This review includes researching guidestar, 990s, ny non-profit network annual salary survey, phone calls to other organizations to collect data.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Yarnwire Inc
EIN
26-3041529
Phone
7185012654
Address
1717 TROUTMAN STREET 214, RIDGEWOOD, NY 11385

Signing Officer

Name
Russell Greenberg
Title
Executive Director
Phone
7185012654
Signed
2024-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Greenberg
Formed
2008
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
5
Volunteers
4

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants and contractors: program service expenses 59,924. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,924.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS REVIEW INCLUDES RESEARCHING GUIDESTAR, 990S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS AND CONTRACTORS: PROGRAM SERVICE EXPENSES 59,924. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,924.
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt093852
IRS990/TotalAssetsEOYAmt086972
IRS990/TotalAssetsGrp/BOYAmt093852
IRS990/TotalAssetsGrp/EOYAmt086972
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0277803
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120965
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0410568
IRS990/TotalFunctionalExpensesGrp/TotalAmt0531533
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06335
IRS990/TotalLiabilitiesEOYAmt02789
IRS990/TotalLiabilitiesGrp/BOYAmt06335
IRS990/TotalLiabilitiesGrp/EOYAmt02789
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt087517
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt084183
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0410568
IRS990/TotalProgramServiceRevenueAmt0247643
IRS990/TotalReportableCompFromOrgAmt060300
IRS990/TotalRevenueGrp/ExclusionAmt02753
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0247643
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0528199
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt093852
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt086972
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt062866
IRS990/TravelGrp/TotalAmt062866
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01717 TROUTMAN STREET 214
IRS990/USAddress/CityNm0RIDGEWOOD
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011385
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0YARNWIRE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RUSSELL GREENBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07185012654
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YARNWIRE INC
ReturnHeader/Filer/BusinessNameControlTxt0YARN
ReturnHeader/Filer/EIN0263041529
ReturnHeader/Filer/PhoneNum07185012654
ReturnHeader/Filer/USAddress/AddressLine1Txt01717 TROUTMAN STREET 214
ReturnHeader/Filer/USAddress/CityNm0RIDGEWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011385
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02024-06-17T19:34:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RUSSELL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GREENBERG
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

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