Civic Intelligence

Doublestop Foundation Inc

EIN 27-4426618 • 501(c)3 • Fort Lee, NJ

Profile

To give talented musicians a competitive edge in classical music by supplying them with no cost loans of rare and high quality string instruments,and a network of resources and mentors to guide them through their professional development.

96 Linwood Plaza Room 119Fort Lee, NJ 07024

doublestopfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

56th percentile

4.7%

Higher net margin than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

59th percentile

3.1%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

2.3%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$15,725

Up $472 (+3.1%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$15,725

Up $472 (+3.1%) from 2017

Revenue

Up

$9,988

Up $220 (+2.3%) from 2017

Expenses

Up

$9,516

Up $3,905 (+70%) from 2017

Net Income

Down

$472

Down $3,685 (-89%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2011: $26,021Liabilities 2011: $4,054Net Assets 2011: $21,9672011Assets 2012: $8,814Net Assets 2012: $8,8142012Assets 2015: $16,935Liabilities 2015: $750Net Assets 2015: $16,1852015Assets 2016: $11,096Net Assets 2016: $11,0962016Assets 2017: $15,253Net Assets 2017: $15,2532017Assets 2018: $15,725Net Assets 2018: $15,7252018

Highlighted filing

2018

Assets$15,725
Liabilities-
Net Assets$15,725

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $88,003Expenses 2011: $66,036Net Income 2011: $21,9672011Revenue 2012: $5,950Expenses 2012: $19,103Net Income 2012: -$13,1532012Revenue 2015: $3,017Expenses 2015: $9,168Net Income 2015: -$6,1512015Revenue 2016: $2,186Expenses 2016: $7,275Net Income 2016: -$5,0892016Revenue 2017: $9,768Expenses 2017: $5,611Net Income 2017: $4,1572017Revenue 2018: $9,988Expenses 2018: $9,516Net Income 2018: $4722018

Highlighted filing

2018

Revenue$9,988
Expenses$9,516
Net Income$472

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 15, 2019
Return Version
2018v3.1
Gross Receipts
$9,988
Mission and Program Overview

Mission

To give talented musicians a competitive edge in classical music by supplying them with no cost loans of rare and high quality string instruments,and a network of resources and mentors to guide them through their professional development.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION FURNISHES YOUNG ARTISTS, BETWEEN THE AGES OF 12-26 WITH RARE AND FINE INSTRUMENTS FOR THEIR USE DURING THE DURATION OF THEIR CONTRACTS. ALSO, PROVIDING CRITICAL SUPPORT, RESOURCES AND MENTORS TO THEM TO GUIDE AND NURTURE.-$4,611
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHELLE KIMPresident-$0--
DR JOHN CAHILLChairman-$0--
ROBERT C LIPSETTBoard Member-$0--
JOSEPH L CERVIERI JRBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Doublestop Foundation Inc
EIN
27-4426618
Phone
2015801305
Address
96 LINWOOD PLAZA ROOM 119, FORT LEE, NJ 07024

Signing Officer

Name
Michelle Kim
Title
President
Phone
2015801305
Signed
2019-04-15

Preparer

Firm
Samwoo Llp
Address
120 W 31ST STREET 5TH FL, NEW YORK, NY 10001
Preparer
Jong Uk Hong
Phone
2122685000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 986 concert expenses 1,310 bank fees 39 communication 1,018 meals & entertainment 645 office expense 56 repairs 3,076 travel 1,149 insurance 1,166 non-investment depreciation 71 total 9,516

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 1,000 0 musical instrument 0 5,520 total 1,000 5,520

Form 990-ez, Part III

To give talented musicians a competitive edge in classical music by supplying them with no cost loans of rare and high quality string instruments,and a network of resources and mentors to guide them through their professional development.

Form 990-ez, Part III, Line 28

The foundation furnishes young artists, between the ages of 12-26 with rare and fine instruments for their use during the duration of their contracts. Also, providing critical support, resources and mentors to them to guide and nurture.

Raw XML Appendix134 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 986 CONCERT EXPENSES 1,310 BANK FEES 39 COMMUNICATION 1,018 MEALS & ENTERTAINMENT 645 OFFICE EXPENSE 56 REPAIRS 3,076 TRAVEL 1,149 INSURANCE 1,166 NON-INVESTMENT DEPRECIATION 71 TOTAL 9,516
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 1,000 0 MUSICAL INSTRUMENT 0 5,520 TOTAL 1,000 5,520
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO GIVE TALENTED MUSICIANS A COMPETITIVE EDGE IN CLASSICAL MUSIC BY SUPPLYING THEM WITH NO COST LOANS OF RARE AND HIGH QUALITY STRING INSTRUMENTS,AND A NETWORK OF RESOURCES AND MENTORS TO GUIDE THEM THROUGH THEIR PROFESSIONAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION FURNISHES YOUNG ARTISTS, BETWEEN THE AGES OF 12-26 WITH RARE AND FINE INSTRUMENTS FOR THEIR USE DURING THE DURATION OF THEIR CONTRACTS. ALSO, PROVIDING CRITICAL SUPPORT, RESOURCES AND MENTORS TO THEM TO GUIDE AND NURTURE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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