Civic Intelligence

Project Y Theatre Inc.

990 • Fiscal year 2017 • EIN 26-3881551

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 14, 2018

520 EIGHTH AVE Ste 334New York, NY 10018

(202) 257-4049

Siviq Scores

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

Liabilities / Assets

97th percentile

10.45x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • NTEE A65 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.50x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • NTEE A65 • <$500k nonprofits • Source year 2017

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2017 filings • NTEE A65 • <$500k nonprofits • Source year 2017

Top Officer Pay

69th percentile

$1,675

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2017 filings • NTEE A65 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$2,492

No earlier filing loaded for comparison.

Net Assets

-$23,552

No earlier filing loaded for comparison.

Liabilities

$26,044

No earlier filing loaded for comparison.

Revenue

$52,200

No earlier filing loaded for comparison.

Expenses

$59,383

No earlier filing loaded for comparison.

Net Income

-$7,183

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40K$20K$0-$20K-$40KAssets 2017: $2,492Liabilities 2017: $26,044Net Assets 2017: -$23,5522017Assets 2018: $5,873Liabilities 2018: $19,824Net Assets 2018: -$13,9512018Assets 2019: $4,548Liabilities 2019: $10,831Net Assets 2019: -$6,2832019Assets 2020: $3,855Liabilities 2020: $0Net Assets 2020: $3,8552020Assets 2021: $11,472Liabilities 2021: $419Net Assets 2021: $11,0532021Assets 2022: $22,306Liabilities 2022: $10Net Assets 2022: $22,2962022Assets 2023: $24,006Liabilities 2023: $10Net Assets 2023: $23,9962023Assets 2024: $11,529Liabilities 2024: $10Net Assets 2024: $11,5192024

Highlighted filing

2017

Assets$2,492
Liabilities$26,044
Net Assets-$23,552

Operations Trend

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

$100K$50K$0-$50KRevenue 2017: $52,200Expenses 2017: $59,383Net Income 2017: -$7,1832017Revenue 2018: $80,480Expenses 2018: $70,880Net Income 2018: $9,6002018Revenue 2019: $88,439Expenses 2019: $80,768Net Income 2019: $7,6712019Revenue 2020: $27,443Expenses 2020: $16,652Net Income 2020: $10,7912020Revenue 2021: $44,536Expenses 2021: $37,338Net Income 2021: $7,1982021Revenue 2022: $71,542Expenses 2022: $60,299Net Income 2022: $11,2432022Revenue 2023: $81,374Expenses 2023: $79,674Net Income 2023: $1,7002023Revenue 2024: $61,132Expenses 2024: $73,609Net Income 2024: -$12,4772024

Highlighted filing

2017

Revenue$52,200
Expenses$59,383
Net Income-$7,183
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 14, 2018
Return Version
2017v2.3
Gross Receipts
$52,200
Mission and Program Overview

Mission

See Schedule O for Part III Line 1

Project Y produces new and innovative theatre by diverse playwrights with a focus on unheard voices and artists See SchO Part III Line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$11,746$14,876▲ $3,130
Cash and Non-Interest-Bearing Accounts$1,405$2,392▲ $987
Savings and Temporary Cash Investments$100$100→ $0
Rtn Earn Endowment Incm Other Fnds$-15,370$-23,552▼ $8,182
Total Assets$1,505$2,492▲ $987
Liabilities
Accounts Payable and Accrued Expenses$5,129$11,168▲ $6,039
Total Liabilities$16,875$26,044▲ $9,169
Net Assets / Fund Balance
Total Net Assets Fund Balance$-15,370$-23,552▼ $8,182
Total Liabilities and Net Assets / Fund Balance$1,505$2,492▲ $987
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michole BiancosinoSecretaryPT$1,675$1,675

Board Members and Trustees

NameTitle
Tony BiancosinoBoard President
Alex CranmerDirector
Deepa GuptaDirector
Louisa IvesDirector
Andrew SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,169
Program Service Revenue
$24,031
Investment Income
$0
Other Revenue
$0
All Other Contributions
$23,136
Change in Net Assets
$-7,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,383
Total Fundraising Expense$1,209
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$28,900--$28,900
Occupancy$13,560--$13,560
Advertising$3,463--$3,463
Royalties$2,425--$2,425
All Other Expenses$407$251$645$1,303
Office Expenses-$618$564$1,182
Interest-$1,095-$1,095
Other Expenses$969--$969
Insurance$212$350-$562
Fees for Services Accounting-$350-$350
Information Technology-$330-$330
Travel$196--$196
Total Functional Expenses$55,180$2,994$1,209$59,383
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$11,746$14,876▲ $3,130
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 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

Governance Explanations

Part VI Line 2

Michole Biancosino, Secretary, is the sister of Tony Biancosino, Board Pr.

Part VI Line 2

Louisa Ives is the sister of Andrew Smith III, Treasurer.

Part VI Line 11B

The form was reviewed by the Treasurer before this Form 990 was filed.

Part VI Line 19

During 2017 Project Y Theatre Inc made its governing documents, conflict of

Part VI Line 19

interest policy, and financial stmts available to the public Upon Request.

Filing and Contact Details

Filer

Filer Name
Project Y Theatre Inc
EIN
26-3881551
In Care Of
% ANDREW W SMITH III
Phone
2022574049
Address
520 EIGHTH AVE Ste 334, NEW YORK, NY 10018

Signing Officer

Name
Andrew W Smith Iii
Title
Treasurer
Phone
2022574049
Signed
2018-06-14

Organization Details

Principal Officer
Tony Biancosino
Formed
2008
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Part IX Line 11G

Production Professionals Total expenses - $5950.00 Program service expenses - $5950.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Actors Total expenses - $14495.00 Program service expenses - $14495.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Stage Managers Total expenses - $2967.00 Program service expenses - $2967.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Directors Total expenses - $3674.00 Program service expenses - $3674.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Acting Teacher Total expenses - $1814.00 Program service expenses - $1814.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Bank Fees Total expenses - $251.00 Program service expenses - $0.00 Mgmt and general expenses - $251.00 Fundraising expenses - $0.00

Part IX Line 24E

Concessions Total expenses - $173.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $173.00

Part IX Line 24E

Food for Performances Total expenses - $154.00 Program service expenses - $154.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Production Build Load In Total expenses - $168.00 Program service expenses - $168.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 24E

Opening/Closing Events Total expenses - $472.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $472.00

Part IX Line 24E

Stage & Lighting Design Total expenses - $85.00 Program service expenses - $85.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part III Line 4D

Expenses: $2777.00 including grants of: $0.00 Revenue: $1278.00

Part III Line 4D

Landmarks and TRANSformations, a collage production.

Part III Line 4D

Expenses: $2731.00 including grants of: $0.00 Revenue: $2700.00

Part III Line 4D

A professional workshop to teach teachers how to teach acting.

Part III Line 4D

Expenses: $1574.00 including grants of: $0.00 Revenue: $0.00

Part III Line 4D

Space rental for Project Y Writers Group.

Part III Line 4D

Expenses: $1200.00 including grants of: $0.00 Revenue: $634.00

Part III Line 4D

LIFE, a world premiere by Charles Mee at HERE Arts Center.

Part III Line 1

Project Y produces new and innovative theatre by diverse playwrights, with

Part III Line 1

a focus on unheard voices and artists. We support new plays and playwrights

Part III Line 1

that appeal to an audience interested in such themes as race, feminism,

Part III Line 1

technology, and community. We use video, film, and the Internet as a means

Part III Line 1

of not only staying connected to our audience, but as a new frontier for

Part III Line 1

bringing theatre into people's homes, computers, and smart phones.

Part III Line 4A

Continued from Form 990 Page 2.

Part III Line 4A

These two one act plays were combined into one evening,titled GREAT AGAIN,

Part III Line 4A

and were commissioned and written in response to the 2016 Presidential

Part III Line 4A

election. Another highlight was The Hrosthvitha Project, which featured two

Part III Line 4A

nights of staged readings of new commissioned short plays. These

Part III Line 4A

adaptations will reclaim a piece of women's theatre history by highlighting

Part III Line 4A

the first female and first German language playwright, Hrostvitha of

Part III Line 4A

Gandersham, while also making her work relevant and resonant to a modern

Part III Line 4A

audience through fresh adaptations by playwrights Caridad Svich,Pia Wilson,

Part III Line 4A

Julienne Hairston, Michole Biancosino, Lia Romeo, Stacie Lents, and

Part III Line 4A

Erin Mallon. The Festival ran from June 1-24 at The Gural Theatre at

Part III Line 4A

ART/NY Theatres.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Trump Lear: In this play, actor and impersonator Carl David is being held without bail for performing his Trump-inspired version of Shakespeare's King Lear. Carl David is forced to perform his King Lear to an unseen audience of one, as the President restlessly watches remotely from a live and public feed. The stakes are high: if Trump likes Carl and his show, Carl lives; if not, Carl dies. But how can Carl get through a show where he has created a Lear based on Trump himself without offending the audience? This show was performed throughout the year, on a bi-monthly average at Under St Marks, a performance venue.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ANDREW SMITH
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MICHOLE BIANC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3TONY BIANCOSI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4ANDREW SMITH
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Michole Biancosino, Secretary, is the sister of Tony Biancosino, Board Pr.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Louisa Ives is the sister of Andrew Smith III, Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The form was reviewed by the Treasurer before this Form 990 was filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3During 2017 Project Y Theatre Inc made its governing documents, conflict of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4interest policy, and financial stmts available to the public Upon Request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Production Professionals Total expenses - $5950.00 Program service expenses - $5950.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Actors Total expenses - $14495.00 Program service expenses - $14495.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Stage Managers Total expenses - $2967.00 Program service expenses - $2967.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Directors Total expenses - $3674.00 Program service expenses - $3674.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Acting Teacher Total expenses - $1814.00 Program service expenses - $1814.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Bank Fees Total expenses - $251.00 Program service expenses - $0.00 Mgmt and general expenses - $251.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Concessions Total expenses - $173.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $173.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Food for Performances Total expenses - $154.00 Program service expenses - $154.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Production Build Load In Total expenses - $168.00 Program service expenses - $168.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Opening/Closing Events Total expenses - $472.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $472.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Stage & Lighting Design Total expenses - $85.00 Program service expenses - $85.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Expenses: $2777.00 including grants of: $0.00 Revenue: $1278.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Landmarks and TRANSformations, a collage production.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Expenses: $2731.00 including grants of: $0.00 Revenue: $2700.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19A professional workshop to teach teachers how to teach acting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Expenses: $1574.00 including grants of: $0.00 Revenue: $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Space rental for Project Y Writers Group.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Expenses: $1200.00 including grants of: $0.00 Revenue: $634.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23LIFE, a world premiere by Charles Mee at HERE Arts Center.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24Project Y produces new and innovative theatre by diverse playwrights, with
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25a focus on unheard voices and artists. We support new plays and playwrights
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26that appeal to an audience interested in such themes as race, feminism,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27technology, and community. We use video, film, and the Internet as a means
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28of not only staying connected to our audience, but as a new frontier for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29bringing theatre into people's homes, computers, and smart phones.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30Continued from Form 990 Page 2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31These two one act plays were combined into one evening,titled GREAT AGAIN,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32and were commissioned and written in response to the 2016 Presidential
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt33election. Another highlight was The Hrosthvitha Project, which featured two
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt34nights of staged readings of new commissioned short plays. These
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt35adaptations will reclaim a piece of women's theatre history by highlighting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt36the first female and first German language playwright, Hrostvitha of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt37Gandersham, while also making her work relevant and resonant to a modern
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt38audience through fresh adaptations by playwrights Caridad Svich,Pia Wilson,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt39Julienne Hairston, Michole Biancosino, Lia Romeo, Stacie Lents, and
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt40Erin Mallon. The Festival ran from June 1-24 at The Gural Theatre at
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt41ART/NY Theatres.
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