Civic Intelligence

The Fund for Bric Inc

990 • Fiscal year 2013 • EIN 27-1119965

Jul 01, 2012 to Jun 30, 2013 • Filed on May 08, 2014

647 Fulton Street11217
Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2013 filings • NTEE A • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

62nd percentile

8.6%

Faster asset growth than 62% of similar nonprofits.

2013 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,987,274

Up $224,337 (+13%) from 2011

Net Assets

Up

$1,984,624

Up $254,081 (+15%) from 2011

Liabilities

Down

$2,650

Down $29,744 (-92%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$59,710

Up $23,316 (+64%) from 2011

Net Income

-

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,762,937Liabilities 2011: $32,394Net Assets 2011: $1,730,5432011Assets 2013: $1,987,274Liabilities 2013: $2,650Net Assets 2013: $1,984,6242013Assets 2014: $1,687,920Liabilities 2014: $2,730Net Assets 2014: $1,685,1902014Assets 2015: $1,391,991Liabilities 2015: $2,785Net Assets 2015: $1,389,2062015Assets 2016: $1,677,363Liabilities 2016: $120,115Net Assets 2016: $1,557,2482016Assets 2017: $1,936,926Liabilities 2017: $3,000Net Assets 2017: $1,933,9262017Assets 2018: $2,450,641Liabilities 2018: $3,000Net Assets 2018: $2,447,6412018Assets 2019: $2,678,594Liabilities 2019: $138,018Net Assets 2019: $2,540,5762019Assets 2020: $2,765,992Liabilities 2020: $10,000Net Assets 2020: $2,755,9922020Assets 2021: $3,512,860Liabilities 2021: $10,000Net Assets 2021: $3,502,8602021Assets 2022: $2,333,312Liabilities 2022: $360,276Net Assets 2022: $1,973,0362022

Highlighted filing

2013

Assets$1,987,274
Liabilities$2,650
Net Assets$1,984,624

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $36,3942011Expenses 2013: $59,7102013Revenue 2014: $309,202Expenses 2014: $719,476Net Income 2014: -$410,2742014Revenue 2015: $178,644Expenses 2015: $427,685Net Income 2015: -$249,0412015Revenue 2016: $143,979Expenses 2016: $168,566Net Income 2016: -$24,5872016Revenue 2017: $82,803Expenses 2017: $14,881Net Income 2017: $67,9222017Revenue 2018: $167,253Expenses 2018: $36,324Net Income 2018: $130,9292018Revenue 2019: $211,101Expenses 2019: $227,900Net Income 2019: -$16,7992019Revenue 2020: $208,050Expenses 2020: $19,452Net Income 2020: $188,5982020Revenue 2021: $285,529Expenses 2021: $18,599Net Income 2021: $266,9302021Revenue 2022: $146,438Expenses 2022: $1,103,062Net Income 2022: -$956,6242022

Highlighted filing

2013

Revenue-
Expenses$59,710
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 8, 2014
Return Version
2012v2.1
Gross Receipts
$2,941,401
Mission and Program Overview

Mission

To provide support for the benefit of bric arts media bklyn, inc.

Filing and Contact Details

Filer

EIN
27-1119965
Raw XML AppendixShowing 400 of 435 raw XML fields

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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2010 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THIS GRANT WAS BETWEEN RELATED ORGANIZATIONS AND ALL SUCH TRANSACTIONS ARE CLOSELY MONITORED BY THE BOARD OF DIRECTORS TO ENSURE COMPLIANCE WITH THE GRANT PURPOSE.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
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IRS990ScheduleO/GeneralExplanation/Explanation0BRIC ARTS MEDIA BKLYN, INC. IS THE SOLE MEMBER OF THE FUND FOR BRIC, INC.
IRS990ScheduleO/GeneralExplanation/Explanation1BRIC ARTS MEDIA BKLYN, INC. IS THE SOLE MEMBER OF THE FUND FOR BRIC, INC. DIRECTORS OF THE FUND FOR BRIC, INC. WILL BE ELECTED ANNUALLY BY THE SOLE MEMBER AT THE ANNUAL MEETING OF THE SOLE MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation2DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL OF THE SOLE MEMBER, BRIC ARTS MEDIA BKLYN, INC.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FUND FOR BRIC, INC.HAS NO COMMITTEE'S WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation4THE DRAFT 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THEN DISTRIBUTED AS A REVISED DRAFT TO THE BOARD OF DIRECTORS. BOARD MEMBERS REVIEW AND DISCUSS THE DRAFT WITH MANAGEMENT. BOARD MEMBERS ARE ADVISED OF THE PLANNED FILING DATE, AT LEAST TWO WEEKS IN THE FUTURE AND ASKED TO PROVIDE ANY FEEDBACK BEFORE THAT TIME. SUGGESTIONS BY BOARD MEMBERS ARE REVIEWED BY MANAGEMENT, AND WITH THE INDEPENDENT AUDITOR IF RELEVANT, AND THE DOCUMENT IS FINALIZED AND SUBMITTED.
IRS990ScheduleO/GeneralExplanation/Explanation5IF A POTENTIAL CONFLICT OF INTEREST ARISES IN CONNECTION WITH ANY CONTRACT OR TRANSACTION PROPOSED FOR APPROVAL BY THE BOARD, REGARDLESS OF AMOUNT (AN INTERESTED PARTY CONTRACT), THE BOARD SHALL REVIEW THE INTERESTED PARTY CONTRACT (AND POSSIBLE ALTERNATIVES TO SUCH CONTRACT) AND SHALL RECOMMEND WHETHER THE FUND FOR BRIC SHOULD ENTER INTO SUCH CONTRACT. IF THE BOARD RECOMMENDS THAT THE FUND FOR BRIC DOES NOT EXECUTE SUCH CONTRACT, THE BOARD MAY NONETHELESS REVIEW SUCH CONTRACT AND MAY, BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS ENTITLED TO VOTE ON THE MATTER, AUTHORIZE THE FUND FOR BRIC TO EXECUTE SUCH CONTRACT. IN REACHING ITS DECISION, THE BOARD SHALL ADHERE TO THE LEGAL REQUIREMENTS APPLICABLE TO APPROVAL OF INTERESTED PARTY CONTRACTS. THE CRUX OF THOSE REQUIREMENTS IS THAT TAKING INTO ACCOUNT THE TERMS OF POSSIBLE ALTERNATIVES, THE PROPOSED CONTRACT IS FAIR, REASONABLE, AND IN THE BEST INTEREST OF THE FUND FOR BRIC. ALL ACTION REGARDING INTERESTED PARTY CONTRACTS SHALL BE RECORDED IN THE MINUTES OF THE BOARD MEETING THAT REVIEWED THE CONTRACT AND ALTERNATIVES THERETO. IN ORDER TO FURTHER THE POLICY OF THE FUND FOR BRIC THAT NO CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST BE TAINTED BY ANY ACTUAL CONFLICT OF INTEREST, AND TO PROTECT BRIC AGAINST ANY POTENTIAL BREACH OF THE ABOVE-DESCRIBED DUTY OF LOYALTY, THE BOARD MAY, BY MAJORITY VOTE ASK ANY DIRECTOR OR OFFICER WHO HAS A POTENTIAL CONFLICT OF INTEREST IN A MATTER NOT TO PARTICIPATE IN DISCUSSION WITH REGARD TO THAT MATTER, OR TO LEAVE THE ROOM AT THE BOARD MEETING DURING ANY SUCH DISCUSSION.
IRS990ScheduleO/GeneralExplanation/Explanation6THE PROCESS FOR DETERMINING COMPENSATION IS DONE BY THE COMPANY'S SOLE MEMBER, BRIC ARTS MEDIA BKLYN, INC.
IRS990ScheduleO/GeneralExplanation/Explanation7THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation8THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation9PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10BRIC ARTS MEDIA BKLYN INC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine11THE FUND FOR BRIC COMMUNITY MEDIA INC
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0PROMOTING CULTURAL, EDUCATIONAL AND MEDIA PROGRAMS
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities1SUPPORT
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