Civic Intelligence

Team Steady Buckets

990 • Fiscal year 2019 • EIN 27-4804998

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

27 Union Square WestNew York, NY 10003

(212) 255-4933

Siviq Scores

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

Liabilities / Assets

57th percentile

0.06x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.06x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$150,004

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

87th percentile

42%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$854,267

Up $252,908 (+42%) from 2018

Net Assets

Up

$807,165

Up $218,800 (+37%) from 2018

Liabilities

Up

$47,102

Up $34,108 (+262%) from 2018

Revenue

Up

$762,116

Up $98,277 (+15%) from 2018

Expenses

Up

$542,676

Up $87,194 (+19%) from 2018

Net Income

Up

$219,440

Up $11,083 (+5.3%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $271,493Liabilities 2016: $0Net Assets 2016: $271,4932016Assets 2017: $402,705Liabilities 2017: $22,697Net Assets 2017: $380,0082017Assets 2018: $601,359Liabilities 2018: $12,994Net Assets 2018: $588,3652018Assets 2019: $854,267Liabilities 2019: $47,102Net Assets 2019: $807,1652019Assets 2020: $929,123Liabilities 2020: $19,807Net Assets 2020: $909,3162020Assets 2021: $1,019,953Liabilities 2021: $20,079Net Assets 2021: $999,8742021Assets 2022: $1,128,746Liabilities 2022: $261Net Assets 2022: $1,128,4852022Assets 2024: $1,651,145Liabilities 2024: $28,162Net Assets 2024: $1,622,9832024

Highlighted filing

2019

Assets$854,267
Liabilities$47,102
Net Assets$807,165

Operations Trend

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

$1.0M$500K$0Revenue 2016: $395,459Expenses 2016: $272,280Net Income 2016: $123,1792016Revenue 2017: $541,889Expenses 2017: $433,374Net Income 2017: $108,5152017Revenue 2018: $663,839Expenses 2018: $455,482Net Income 2018: $208,3572018Revenue 2019: $762,116Expenses 2019: $542,676Net Income 2019: $219,4402019Revenue 2020: $386,237Expenses 2020: $296,544Net Income 2020: $89,6932020Revenue 2021: $534,589Expenses 2021: $458,002Net Income 2021: $76,5872021Revenue 2022: $721,970Expenses 2022: $531,236Net Income 2022: $190,7342022Revenue 2024: $872,964Expenses 2024: $623,462Net Income 2024: $249,5022024

Highlighted filing

2019

Revenue$762,116
Expenses$542,676
Net Income$219,440
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$834,082
Mission and Program Overview

Mission

The organization provides children ages 4 to 18, residing in and around new york city, a year-round basketball training program free of charge and a low fee summer day camp basketball program. Organization staff incorporate innovative and comprehensive activities to develope basketball skills, physical fitness and life skills to achieve a meaningful impact in the personal developement of these children.

The organization provides children ages 4 to 18, residing in and around new york city, a year-round basketball training program free of charge and a low fee summer day camp basketball program. Organization staff incorporate innovative and comprehensive activities to develop basketball skills, physical fitness and life skills to achieve a meaningful impact in the personal development of these children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$535,527$526,052▼ $9,475
Investments in Publicly Traded Securities-$300,503-
Cash and Non-Interest-Bearing Accounts$36,754$23,985▼ $12,769
Prepaid Expenses and Deferred Charges$22,400$0▼ $22,400
Land, Buildings, and Equipment, Net$6,678$3,727▼ $2,951
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$601,359$854,267▲ $252,908
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$41,000-
Other Liabilities$12,994$6,102▼ $6,892
Total Liabilities$12,994$47,102▲ $34,108
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$588,365$807,165▲ $218,800
Total Net Assets Fund Balance$588,365$807,165▲ $218,800
Total Liabilities and Net Assets / Fund Balance$601,359$854,267▲ $252,908

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,727$10,196$13,923
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Louis Bergman-clarkProgram DirectrFT$131,004$19,000$150,004

Board Members and Trustees

NameTitle
Alan UngerDirector
Brendan McallisterDirector
Iciss TillisDirector
Jeffrey McmillanDirector
Joe MontesanoDirector
Michael Dunleavy JrDirector
Mj PedoneDirector
Ray MirzaDirector
Richard RosenthalDirector
William DerschDirector
William WolffDirector
Barry WeissExecutive Director
Amy RosenbloomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$415,102
Program Service Revenue
$330,640
Investment Income
$6,670
Other Revenue
$9,704
All Other Contributions
$260,437
Change in Net Assets
$219,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$762,116
Revenue Not Reported on Form 990
$71,324
Total Revenue per Audited Statements
$833,440
Total Revenue per Form 990
$762,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$383,100
Other Expenses$159,576
Total Fundraising Expense$15,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$199,748--$199,748
Current Officers, Directors, Trustees, and Key Employees$131,004--$131,004
Payroll Taxes$33,348--$33,348
All Other Expenses$10,311$1,118$7,820$19,249
Pension Plan Contributions$19,000--$19,000
Occupancy$11,880$660$660$13,200
Other Expenses$5,000$1,520$5,000$11,520
Fees for Services Accounting-$10,340-$10,340
Office Expenses$6,315$800$1,600$8,715
Insurance$5,868$400-$6,268
Depreciation Depletion$2,951--$2,951
Advertising$1,465--$1,465
Fees for Services Other-$1,380-$1,380
Fees for Services Legal-$1,000-$1,000
Total Functional Expenses$510,378$17,218$15,080$542,676

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$614,642
Expenses per Audited Statements$542,676
Total Expenses per Form 990$542,676
Expenses Not Reported on Form 990$71,966
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,670
Fundraising Direct Expenses$71,966
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner/auction$217,165$62,500-$62,500
Nets Tickets$19,170$19,170$18,900$270
Total Events$236,335$81,670$71,966$9,704
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
Barry Weiss Amy RosenblExecutive DirOffice RentalNo$13,200

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$6,102
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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

Barry weiss and amy rosenbloom are married

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

The form 990 is reviewed by the treasurer and executive director

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

The organization adopted a formal written conflict of interest policy requiring that all trustees read and sign written acknowledgement that they have read the policy, understand the policy and have made all required disclosures under the policy on an annual basis.

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

With exception of one full-time director of programs, all top management positions are provided as non-compensated volunteers.an independent committee of board members review the highest compensated full-time employee's duties, accomplishments and outside compensation data for similar positions to determine reasonable compensation.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Other than that noted in line 15a, no other officers or key employees currently exist. However, should the need arise a compensation committee of independent board members would be utilized similarly.

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

The public may obtain documents upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Team Steady Buckets
EIN
27-4804998
Phone
2122554933
Address
27 UNION SQUARE WEST, NEW YORK, NY 10003

Signing Officer

Name
Amy Rosenbloom
Title
Treasurer
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
13
Employees
37
Volunteers
9

Preparer

Firm
Leaf Miele Manganelli Fortunato & Engel
Address
310 PASSAIC AVE, FAIRFIELD, NJ 07004-2530
Preparer
Scott Hagaman CPA
Phone
9738089500
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Unrealized loss on investments = -$640

Financial Statement Notes

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

Fundraising expenses netted in revenue $71966

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

Fundraising expenses netted in revenue $71966

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IRS990/MissionDesc0THE ORGANIZATION PROVIDES CHILDREN AGES 4 TO 18, RESIDING IN AND AROUND NEW YORK CITY, A YEAR-ROUND BASKETBALL TRAINING PROGRAM FREE OF CHARGE AND A LOW FEE SUMMER DAY CAMP BASKETBALL PROGRAM. ORGANIZATION STAFF INCORPORATE INNOVATIVE AND COMPREHENSIVE ACTIVITIES TO DEVELOP BASKETBALL SKILLS, PHYSICAL FITNESS AND LIFE SKILLS TO ACHIEVE A MEANINGFUL IMPACT IN THE PERSONAL DEVELOPMENT OF THESE CHILDREN.
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IRS990/OfficeExpensesGrp/FundraisingAmt01600
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IRS990/OtherExpensesGrp/ProgramServicesAmt119859
IRS990/OtherExpensesGrp/ProgramServicesAmt218224
IRS990/OtherExpensesGrp/ProgramServicesAmt35000
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1328660
IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMER AND HOLIDAY BASKETBALL CAMPS ARE A LOW COST DAY CAMP PROGRAM OFFERING THE BENEFITS OF THE FREE CLINIC PROGRAM ON A FULL DAY BASIS WHEN PUBLIC SCHOOLS ARE NOT IN SESSION. 1,011 CHILDREN ATTENDED THE 2019 SUMMER CAMP PROGRAM.
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IRS990ScheduleD/EquipmentGrp/BookValueAmt03727
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