Civic Intelligence

Bidoun Projects Inc.

990 • Fiscal year 2022 • EIN 27-2832354

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

144 N 7th Street 501Brooklyn, NY 11249

(212) 475-0123

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.07x

Higher debt load relative to assets than 73% of similar nonprofits.

2022 filings • NTEE A23 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.08x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • NTEE A23 • <$500k nonprofits • Source year 2022

Net Margin

9th percentile

-97%

Higher net margin than 9% of similar nonprofits.

2022 filings • NTEE A23 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$35,944

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 43.9% of source-year revenue.

2022 filings • NTEE A23 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-42%

Faster asset growth than 13% of similar nonprofits.

2022 filings • NTEE A23 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-65%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • NTEE A23 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$102,066

Down $74,748 (-42%) from 2021

Net Assets

Down

$95,296

Down $79,620 (-46%) from 2021

Liabilities

Up

$6,770

Up $4,872 (+257%) from 2021

Revenue

Down

$81,840

Down $149,049 (-65%) from 2021

Expenses

Down

$161,460

Down $9,493 (-5.6%) from 2021

Net Income

Down

-$79,620

Down $139,556 (-233%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $132,981Liabilities 2013: $20,624Net Assets 2013: $112,3572013Assets 2015: $75,918Liabilities 2015: $4,744Net Assets 2015: $71,1742015Assets 2016: $114,102Liabilities 2016: $0Net Assets 2016: $114,1022016Assets 2017: $41,557Liabilities 2017: $366Net Assets 2017: $41,1912017Assets 2018: $86,302Liabilities 2018: $5,425Net Assets 2018: $80,8772018Assets 2019: $93,667Liabilities 2019: $2,461Net Assets 2019: $91,2062019Assets 2020: $133,231Liabilities 2020: $18,251Net Assets 2020: $114,9802020Assets 2021: $176,814Liabilities 2021: $1,898Net Assets 2021: $174,9162021Assets 2022: $102,066Liabilities 2022: $6,770Net Assets 2022: $95,2962022Assets 2023: $40,590Liabilities 2023: $7,384Net Assets 2023: $33,2062023Assets 2024: $722,085Liabilities 2024: $3,857Net Assets 2024: $718,2282024

Highlighted filing

2022

Assets$102,066
Liabilities$6,770
Net Assets$95,296

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $210,045Expenses 2013: $241,537Net Income 2013: -$31,4922013Revenue 2015: $238,972Expenses 2015: $227,551Net Income 2015: $11,4212015Revenue 2016: $177,887Expenses 2016: $134,959Net Income 2016: $42,9282016Revenue 2017: $74,437Expenses 2017: $147,348Net Income 2017: -$72,9112017Revenue 2018: $255,365Expenses 2018: $215,679Net Income 2018: $39,6862018Revenue 2019: $192,786Expenses 2019: $182,457Net Income 2019: $10,3292019Revenue 2020: $186,053Expenses 2020: $162,279Net Income 2020: $23,7742020Revenue 2021: $230,889Expenses 2021: $170,953Net Income 2021: $59,9362021Revenue 2022: $81,840Expenses 2022: $161,460Net Income 2022: -$79,6202022Revenue 2023: $121,327Expenses 2023: $183,417Net Income 2023: -$62,0902023Revenue 2024: $990,695Expenses 2024: $305,673Net Income 2024: $685,0222024

Highlighted filing

2022

Revenue$81,840
Expenses$161,460
Net Income-$79,620
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$81,840
Mission and Program Overview

Mission

Bidoun projects is a publishing and curatorial initiative whose aim is to present new and unexpected ideas about middle eastern arts and culture. Bidoun produces an avant-garde magazine that combines elements of an art magazine and literary journal. It is circulated to approximately 4,500 individuals and institutions, and more than 18,000 readers view the material via our website, newsletters and social media feeds. Our contributors include artists, writers, activists, filmmakers and entrepreneurs from across the globe and our curatorial activities take form as exhibitions, film screenings, lectures and book launches.

Bidoun projects is a publishing and curatorial initiative whose aim is to (con't on schedule o) present new and unexpected ideas about middle eastern arts and culture. Bidoun produces an avant-garde magazine that combines elements of an art magazine and literary journal. It is circulated to approximately 4,500 individuals and institutions, and more than 23,000 readers view the material via our website, newsletters and social media feeds. Our contributors include artists, writers, activists, filmmakers and entrepreneurs from across the globe and our curatorial activities take form as exhibitions, film screenings, lectures and book launches.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$176,368$99,734▼ $76,634
Land, Buildings, and Equipment, Net$446$2,332▲ $1,886
Total Assets$176,814$102,066▼ $74,748
Liabilities
Accounts Payable and Accrued Expenses$1,898$6,770▲ $4,872
Total Liabilities$1,898$6,770▲ $4,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$174,916$95,296▼ $79,620
Total Net Assets Fund Balance$174,916$95,296▼ $79,620
Total Liabilities and Net Assets / Fund Balance$176,814$102,066▼ $74,748

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,332$43,703$46,035
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Negar AzimiSecretary/senior EditorPT$22,000$13,944$35,944

Board Members and Trustees

NameTitle
Burkhard P VarnholtDirector
Dana FaroukiDirector
Glenn LowryDirector
Kambiz ShahbaziDirector
Luiza Texeira De FreitasDirector
Shirin NeshatDirector
Lisa FarjamDirector/founding Editor
Aarthi BelaniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,705
Program Service Revenue
$135
Investment Income
$0
Other Revenue
$0
All Other Contributions
$81,705
Change in Net Assets
$-79,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$104,182
Other Expenses$57,278
Total Fundraising Expense$27,639
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$27,381$1,956$9,779$39,116
Current Officers, Directors, Trustees, and Key Employees$28,161$1,297$6,486$35,944
Payroll Taxes$10,624$759$3,795$15,178
Other Employee Benefits$9,761$697$3,486$13,944
All Other Expenses$7,153$5,943$371$13,467
Occupancy$7,587$541$2,710$10,838
Fees for Services Accounting-$4,005-$4,005
Travel-$2,742-$2,742
Office Expenses-$2,191-$2,191
Advertising$959--$959
Insurance$545$39$195$779
Other Expenses$3,353$1,463$771$771
Depreciation Depletion$370$46$46$462
Fees for Services Other$250--$250
Total Functional Expenses$112,142$21,679$27,639$161,460
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
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

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

The form 990 is reviewed by the treasurer of the board as well as the senior editor and bookkeeper.

Form 990, Part VI, Section C, Line 19

These documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Bidoun Projects Inc
EIN
27-2832354
Phone
2124750123
Address
144 N 7TH STREET 501, BROOKLYN, NY 11249

Signing Officer

Name
Negar Azimi
Title
Secretary
Phone
2124750123
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Negar Azimi
Formed
2010
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
8
Employees
2
Volunteers
9

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Jessica Digiamo Diaz
Phone
2126972299
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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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IRS990/Desc0BIDOUN.ORGBIDOUN.ORG IS THE COMPREHENSIVE ARCHIVAL WEBSITE AND PUBLISHING PLATFORM FOR BIDOUN MAGAZINE. COMPRISED OF 6,039 IMAGES, 1,071 ARTICLES, 512 AUTHORS AND 29 ISSUES, BIDOUN.ORG PRESENTS 10 YEARS OF THE PRINT MAGAZINE IN A DIGITAL ARCHIVE MADE AVAILABLE ONLINE FOR FREE. IN ADDITION, NEWLY COMMISSIONED LONG-FORM ARTICLES, TRANSLATIONS, AND ARTIST PROJECTS WERE PUBLISHED ON THE PLATFORM THROUGHOUT THE CALENDAR YEAR ON A MONTHLY BASIS REACHING OVER 23,000 UNIQUE VIEWERS ONLINE AND OVER 15,000 FOLLOWERS ON SOCIAL MEDIA.
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IRS990/MissionDesc0BIDOUN PROJECTS IS A PUBLISHING AND CURATORIAL INITIATIVE WHOSE AIM IS TO PRESENT NEW AND UNEXPECTED IDEAS ABOUT MIDDLE EASTERN ARTS AND CULTURE. BIDOUN PRODUCES AN AVANT-GARDE MAGAZINE THAT COMBINES ELEMENTS OF AN ART MAGAZINE AND LITERARY JOURNAL(CON'T ON SCHEDULE O) IT IS CIRCULATED TO APPROXIMATELY 4,500 INDIVIDUALS AND INSTITUTIONS, AND MORE THAN 23,000 READERS VIEW THE MATERIAL VIA OUR WEBSITE, NEWSLETTERS AND SOCIAL MEDIA FEEDS. OUR CONTRIBUTORS INCLUDE ARTISTS, WRITERS, ACTIVISTS, FILMMAKERS AND ENTREPRENEURS FROM ACROSS THE GLOBE AND OUR CURATORIAL ACTIVITIES TAKE FORM AS EXHIBITIONS, FILM SCREENINGS, LECTURES AND BOOK LAUNCHES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0NICOLAS MOUFARREGE PUBLICATIONBIDOUN CONDUCTED RESEARCH AND PLANNING FOR A FORTHCOMINGLARGE-SCALE MONOGRAPH ON THE LIFE AND WORK OF ARTIST NICOLASMOUFARREGE. THIS INCLUDED EDITORIAL AND SCHOLARLY RESEARCH, THECOMMISSIONING OF LONG-FORM ESSAYS, EDITORIAL PHOTOGRAPHY ANDDOCUMENTATION OF ARCHIVAL WORKS. THIS ALSO INCLUDED EXCUTING A SYMPOSIUM AND EXHIBITION ON MOUFARREGE IN BERLIN, GERMANY DURING FEBRUARY 2022.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE TREASURER OF THE BOARD AS WELL AS THE SENIOR EDITOR AND BOOKKEEPER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NEGAR AZIMI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02124750123
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIDOUN PROJECTS INC
ReturnHeader/Filer/BusinessNameControlTxt0BIDO
ReturnHeader/Filer/EIN0272832354
ReturnHeader/Filer/PhoneNum02124750123
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ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011249
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131655065
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUTZ AND CARR CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0551 FIFTH AVENUE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010176
ReturnHeader/PreparerPersonGrp/PhoneNum02126972299
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA DIGIAMO DIAZ
ReturnHeader/ReturnTs02023-11-13T16:08:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NEGAR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0AZIMI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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