Civic Intelligence

Space on the Farm Inc.

990 • Fiscal year 2016 • EIN 27-2886262

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 09, 2017

PO Box 699New York, NY 10013

(612) 590-0622

Siviq Scores

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

Liabilities / Assets

54th percentile

0.06x

Higher debt load relative to assets than 54% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.05x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Net Margin

94th percentile

53%

Higher net margin than 94% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

75th percentile

$59,615

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2016 filings • NTEE A • $500k-$1M nonprofits • Source year 2016

Asset Growth

97th percentile

301%

Faster asset growth than 97% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

143%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$683,576

Up $513,269 (+301%) from 2015

Net Assets

Up

$640,012

Up $478,967 (+297%) from 2015

Liabilities

Up

$43,564

Up $34,302 (+370%) from 2015

Revenue

Up

$903,818

Up $531,242 (+143%) from 2015

Expenses

Up

$424,851

Up $102,310 (+32%) from 2015

Net Income

Up

$478,967

Up $428,932 (+857%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $34,743Liabilities 2013: $0Net Assets 2013: $34,7432013Assets 2014: $120,830Liabilities 2014: $9,820Net Assets 2014: $111,0102014Assets 2015: $170,307Liabilities 2015: $9,262Net Assets 2015: $161,0452015Assets 2016: $683,576Liabilities 2016: $43,564Net Assets 2016: $640,0122016Assets 2017: $765,224Liabilities 2017: $26,834Net Assets 2017: $738,3902017Assets 2018: $940,356Liabilities 2018: $82,898Net Assets 2018: $857,4582018Assets 2019: $1,971,235Liabilities 2019: $82,553Net Assets 2019: $1,888,6822019Assets 2020: $1,828,583Liabilities 2020: $182,617Net Assets 2020: $1,645,9662020Assets 2021: $1,971,566Liabilities 2021: $81,761Net Assets 2021: $1,889,8052021Assets 2022: $2,035,694Liabilities 2022: $712,889Net Assets 2022: $1,322,8052022Assets 2023: $942,191Liabilities 2023: $684,520Net Assets 2023: $257,6712023Assets 2024: $16,418Liabilities 2024: $14,181Net Assets 2024: $2,2372024

Highlighted filing

2016

Assets$683,576
Liabilities$43,564
Net Assets$640,012

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $141,741Expenses 2013: $115,846Net Income 2013: $25,8952013Revenue 2014: $303,775Expenses 2014: $227,508Net Income 2014: $76,2672014Revenue 2015: $372,576Expenses 2015: $322,541Net Income 2015: $50,0352015Revenue 2016: $903,818Expenses 2016: $424,851Net Income 2016: $478,9672016Revenue 2017: $639,919Expenses 2017: $572,841Net Income 2017: $67,0782017Revenue 2018: $928,873Expenses 2018: $794,282Net Income 2018: $134,5912018Revenue 2019: $2,275,085Expenses 2019: $1,248,230Net Income 2019: $1,026,8552019Revenue 2020: $951,933Expenses 2020: $1,151,007Net Income 2020: -$199,0742020Revenue 2021: $1,697,871Expenses 2021: $1,454,032Net Income 2021: $243,8392021Revenue 2022: $809,539Expenses 2022: $1,376,539Net Income 2022: -$567,0002022Revenue 2023: $544,703Expenses 2023: $1,101,951Net Income 2023: -$557,2482023Revenue 2024: $359,689Expenses 2024: $465,117Net Income 2024: -$105,4282024

Highlighted filing

2016

Revenue$903,818
Expenses$424,851
Net Income$478,967
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 9, 2017
Return Version
2016v3.0
Gross Receipts
$956,385
Mission and Program Overview

Mission

To give artists time and space to create

To create an environment singular in its ability to invigorate artists and innovators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$138,483$420,630▲ $282,147
Cash and Non-Interest-Bearing Accounts$22,319$147,063▲ $124,744
Land, Buildings, and Equipment, Net$1,067$10,645▲ $9,578
Prepaid Expenses and Deferred Charges$915$4,115▲ $3,200
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$170,307$683,576▲ $513,269
Other Assets Total$7,523$101,123▲ $93,600
Liabilities
Deferred Revenue-$31,594-
Accounts Payable and Accrued Expenses$9,262$11,970▲ $2,708
Total Liabilities$9,262$43,564▲ $34,302
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$321,145-
Unrestricted Net Assets$161,045$318,867▲ $157,822
Total Net Assets Fund Balance$161,045$640,012▲ $478,967
Total Liabilities and Net Assets / Fund Balance$170,307$683,576▲ $513,269

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,326$400$6,726
Equipment$3,981$563$4,544
Leasehold Improvements$338$196$534
Other Assets Org$1,777--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$127,131$84,394-$25,173$186,352
2015$84,749$50,035-$7,653$127,131
2014$23,482$61,267--$84,749
2013$6,907$16,575--$23,482
2012-$6,907--$6,907
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Emily SimonessExecutive DirectorFT$59,615$59,615

Board Members and Trustees

NameTitle
Lauren FitzgeraldChair
Darren RobertsonVice Chair
Adam BockBoard Member
Amanda CharltonBoard Member
Julia MotykaBoard Member
Kathy GalloBoard Member
Lee SeymourBoard Member
Michael LiguoriBoard Member
Pam PooleyBoard Member
Pia Scala ZankelBoard Member
David WeberSecretary
Whitney EstrinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$868,517
Program Service Revenue
$54,559
Investment Income
$0
Other Revenue
$-19,258
All Other Contributions
$795,819
Change in Net Assets
$478,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$903,818
Revenue Not Reported on Form 990
$65,067
Total Revenue per Audited Statements
$968,885
Total Revenue per Form 990
$903,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$240,736
Salaries, Compensation, and Employee Benefits$184,115
Total Fundraising Expense$101,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,913$19,462$27,375$104,750
Occupancy$88,124$2,046$2,046$92,216
Current Officers, Directors, Trustees, and Key Employees$43,400$3,100$15,500$62,000
Fees for Services Other$9,473$4,737$32,061$46,271
All Other Expenses$10,003$2,129$4,879$17,011
Payroll Taxes$9,023$2,256$3,759$15,038
Travel$7,531-$1,930$9,461
Advertising$4,044$168$4,022$8,234
Other Expenses$5,347$669$669$6,685
Insurance$5,345$650$686$6,681
Fees for Services Accounting-$6,350-$6,350
Other Employee Benefits$767$1,182$378$2,327
Depreciation Depletion$1,072--$1,072
Interest-$526-$526
Total Functional Expenses$279,745$43,566$101,540$424,851

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$489,918
Expenses per Audited Statements$424,851
Total Expenses per Form 990$424,851
Expenses Not Reported on Form 990$65,067
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$52,567
Fundraising Gross Income$33,309
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$84,357$21,456$6,993$14,463
Seasonal Suppers$11,711$6,483$1,046$5,437
Total Events$102,422$31,689$50,888$-19,199
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
Emily SimonessSee Part VSee Part VNo$43,089
David WeberSee Part VSee Part VNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The secretary-David Weber and the executive director-Emily Simoness have a family relationship.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is made available to the Board prior to filing, at which time the members vote to approve and file.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All Constituents are asked to reveal conflicts as they arise and that those comflicts are reviewed by the executive committee.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Executive Compensation is reviewed annually by the Executive Committee, and takes into consideration generally available market data to set the compensation of the Executive Director (the only employed executive). The Executive Committee makes a recommendation to the balance of the disinterested board members, and the full board (disinterested directors) must approve the compensation as part of the annual budget process by majority vote.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

SPACE makes its Form 1023 and Form 990 available upon request. SPACE makes the Form 990 available on Guidstar.org.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

SPACE makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VIII, Line 8C and Form 990 Schedule G, Part II, Line 11

The proper completion of Form 990 requires organizations to report the activity from fundraising events that substantially further the organization's exempt purpose in Part VIII, Line 8c and Form 990, Schedule G, Part II, Line 11. Fundraising events often generate both contributions and income, such as when an individual pays more than the retail value for goods or services furnished. During the year ended 2016, Space on the Farm conducted four successful fundraising events that generated contribution revenue amounting to $72,698. This contribution revenue is required to be reported on Part VIII, line 1C of the Form 990 as contributions from fundraising events per the IRS instructions. This resulted in a loss from fundraising events in the amount of $19,258 but an overall net gain of $53,440.

Filing and Contact Details

Filer

Filer Name
Space on the Farm Inc
EIN
27-2886262
Phone
6125900622
Address
PO BOX 699, NEW YORK, NY 10013

Signing Officer

Name
Emily Simoness
Title
Executive Director
Signed
2017-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Simoness
Formed
2010
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
12
Employees
5
Volunteers
50

Preparer

Firm
Gruber Palumberi Raffaele Fried CPAs PC
Address
7 Penn Plaza Suite 310, New York, NY 10001
Preparer
Robert L Manger CPA
Phone
2125860800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Creative Solutions Symposium:A fully-subsidized, week long residency for social change makers and human rights organizations. OTHER PROGRAM SERVICES 5: The Family Residency:A fully-subsidized, week long residency supporting working artist parents and their children. SPACE facilitates creative and nature-focused programming for thechildren, culminating in an informal group share. Simultaneously SPACEsupports the adult artists by creating an environment with structured time andspace to create (as well as structured time and space to be with their children). OTHER PROGRAM SERVICES 6: Creative Collisions Residency:SPACE invites a guest curator to handpick eight activists, educators, artists, orother changemakers, around a guiding question. This fully-subsidized residencyoffers each participant independent work time and space throughout the week.Each participant leads a workshop or discussion during the week related to theresidency's guiding question. The guiding question for 2016 was: How do wecombat racial inequity?

Financial Statement Notes

Part X : FIN48 Footnote

Generally accepted accounting principles for Income Taxes require that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The adoption of this guidance did not have an impact on SPACE's financial statements, as management believes that there are no uncertain tax positions within its financial statements. SPACE has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered tax positions.SPACE's Forms 990, Return of Organization Exempt for Income Tax, for the years ended December 31, 2013, 2014, and 2015 are subject to examination by the IRS, generally for three years after they were filed.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special events direct expenses $52567

Part XII, Line 2D: Other expenses and losses per audited F/S

Special events direct expenses $52567

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