Civic Intelligence

Polyphony Foundation

990 • Fiscal year 2016 • EIN 27-5559473

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 15, 2017

Organization ProfileWWW.POLYPHONYFOUNDATION.ORG
99 River RoadCos Cob, CT 06807

(203) 979-8566

Siviq Scores

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

Liabilities / Assets

94th percentile

0.95x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-32%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$113,951

Down $26,252 (-19%) from 2015

Net Assets

Down

$5,840

Down $105,850 (-95%) from 2015

Liabilities

Up

$108,111

Up $79,598 (+279%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin14th percentile

Revenue

Down

$432,989

Down $206,454 (-32%) from 2015

Expenses

Up

$538,839

Up $4,376 (+0.8%) from 2015

Net Income

Down

-$105,850

Down $210,830 (-201%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$400K$300K$200K$100K$0-$100KAssets 2013: $40,580Liabilities 2013: $75,397Net Assets 2013: -$34,8172013Assets 2014: $63,930Liabilities 2014: $57,221Net Assets 2014: $6,7092014Assets 2015: $140,203Liabilities 2015: $28,513Net Assets 2015: $111,6902015Assets 2016: $113,951Liabilities 2016: $108,111Net Assets 2016: $5,8402016Assets 2017: $345,508Liabilities 2017: $90,260Net Assets 2017: $255,2482017Assets 2018: $272,005Liabilities 2018: $35,584Net Assets 2018: $236,4212018Assets 2019: $203,642Liabilities 2019: $49,910Net Assets 2019: $153,7322019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$113,951
Liabilities$108,111
Net Assets$5,840
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2013: $253,640Expenses 2013: $778,554Net Income 2013: -$524,9142013Revenue 2014: $679,391Expenses 2014: $637,865Net Income 2014: $41,5262014Revenue 2015: $639,443Expenses 2015: $534,463Net Income 2015: $104,9802015Revenue 2016: $432,989Expenses 2016: $538,839Net Income 2016: -$105,8502016Revenue 2017: $716,338Expenses 2017: $466,866Net Income 2017: $249,4722017Revenue 2018: $451,552Expenses 2018: $470,379Net Income 2018: -$18,8272018Revenue 2019: $454,303Expenses 2019: $536,992Net Income 2019: -$82,6892019Revenue 2020: $152,548Expenses 2020: $306,280Net Income 2020: -$153,7322020

Highlighted filing

2016

Revenue$432,989
Expenses$538,839
Net Income-$105,850
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 15, 2017
Return Version
2016v3.0
Gross Receipts
$459,051
Mission and Program Overview

Mission

Polyphony foundation is a 501(c)(3) not-for-profit organization whose purpose is to raise awareness among u.s. And other audiences of multi-cultural music environment and other education programs in the middle east and facilitate dialogue in the u.s. To advance a vision of israeli jewish and arab reconciliation, peace and civil rights.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,342$64,742▲ $6,400
Accounts Receivable$43,053$23,288▼ $19,765
Intangible Assets-$17,220-
Land, Buildings, and Equipment, Net$8,325$4,564▼ $3,761
Prepaid Expenses and Deferred Charges$3,489$3,634▲ $145
Investments in Publicly Traded Securities$26,994$503▼ $26,491
Total Assets$140,203$113,951▼ $26,252
Liabilities
Accounts Payable and Accrued Expenses$27,184$98,992▲ $71,808
Other Liabilities$1,329$9,119▲ $7,790
Total Liabilities$28,513$108,111▲ $79,598
Net Assets / Fund Balance
Temporarily Rstr Net Assets$45,036$25,337▼ $19,699
Unrestricted Net Assets$66,654$-19,497▼ $86,151
Total Net Assets Fund Balance$111,690$5,840▼ $105,850
Total Liabilities and Net Assets / Fund Balance$140,203$113,951▼ $26,252

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,564$14,240$18,804
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Craig CogutDirector & President
Carlos TomeDirector
Deborah CogutDirector
Gahl Hodges BurtDirector
Helen NitkinDirector
Rachel BreininDirector
Terry TamminenDirector
Timothy JessellDirector
Bartley BreininDirector & Secretary
Seth NovattDirector & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$433,574
Program Service Revenue
$0
Investment Income
$-155
Other Revenue
$-430
All Other Contributions
$433,574
Change in Net Assets
$-105,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$432,989
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$432,989
Total Revenue per Form 990
$432,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$220,572
Other Expenses$172,608
Salaries, Compensation, and Employee Benefits$145,659
Total Fundraising Expense$140,587
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$218,060--$218,060
Other Salaries and Wages-$45,514$84,527$130,041
Fees for Services Other$12,500$28,648$38,379$79,527
Fees for Services Accounting-$41,830-$41,830
Office Expenses-$8,503$3,765$12,268
Payroll Taxes-$4,287$7,963$12,250
Travel$2,602$7,497$1,253$11,352
Insurance-$6,040-$6,040
Depreciation Depletion-$5,326-$5,326
Fees for Services Legal-$3,537-$3,537
Other Employee Benefits-$1,178$2,190$3,368
Advertising-$1,300$1,458$2,758
Grants to Domestic Orgs$2,512--$2,512
Other Expenses-$1,091-$1,091
All Other Expenses--$1,052$1,052
Interest-$73-$73
Total Functional Expenses$235,674$162,578$140,587$538,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$538,839
Total Expenses per Audited Statements$538,839
Total Expenses per Form 990$538,839
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
0
Spending
$236,810

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program Services - Grants to RecipientsPolyphony Foundation Has Granted Funds to Meritorious Charitable Organizations and Projects With a Focus in the Fields of Music and Education, Such as Polyphony Education Located in Israel.0-$213,060
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program Services - Polyphony InitiativeFOSTERED SHARED SOCIAL VALUES THROUGH CULTURAL EXCHANGES WITH ORGANIZATIONS SUCH AS POLYPHONY EDUCATION, INCLUDING SUPPORTING U.S. BASED YOUTH CONCERT SERIES; SERVED AS A CONDUIT FOR DIALOGUE CENTERED AROUND RECONCILIATION; EXPOSED ARAB-JEWISH YOUTH TO DIVERSE CROSS-CULTURAL EXPERIENCES; CREATED EMPOWERMENT OF WOMEN IN THE ARTS; INCREASED INTERNATIONAL UNDERSTANDING OF THE NEED TO CREATE HARMONIOUS RELATIONS, AND INTEGRATED MUSIC EDUCATION INTO ISRAELI ARAB AND JEWISH SCHOOLS.0-$12,500
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Fundraising/management & General - Strategic DevelopmentPolyphony Education Achieves Its Goals Through a Multi-tiered Grassroots Structure That Begins With Broad Outreach to Elementary School Children, Enhancing the Musical and Personal Development of the Students and Continues All the Way Up to Its Professional Orchestra. Each Program Is Designed to Build on Knowledge Acquired in Previous Programs in the Series. as the Students Advance, the Programs Call for Increasingly Mixed Groups of Arab and Jewish Students and Musicians to Learn, Experience, and Perform Together.1-$11,250
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Craig Cogut - Is the Director and President of Polyphony FoundationThe Foundation Has an Advance for Various Office, Travel, and Supply Expenses to Craig Cogut.No$46,258
-Pegasus Capital Advisors, Lp Is an Entity Controlled by Craig Cogut.The Foundation Has an Accounts Payable for Various Office, Travel, and Supply Expenses to Pegasus Capital Advisors, Lp.No$24,146
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilites$9,119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 A, Line 2

“Two of the organization's directors, craig and deborah cogut, are related to one another as husband and wife. Craig cogut serves as president of polyphony foundation and as a member of the board of directors. Deborah cogut serves as a member of the board of directors. Seth novatt served as treasurer of polyphony and as a member of the board of directors. Bartley breinin serves as secretary and as a member of the board of directors.”

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

“A copy of form 990 was provided to and reviewed by the organization's governing body before it was filed.”

Form 990, Part VI, Section B, Line 12C

“The organization regularly and consistenly monitors and enforces compliance with the conflict of interest policy by allowing any interested parties to disclose a conflict of interest. After disclosure of a conflict of interest, the governing body would determine if such a conflict exists, designate a disinterested party to investigate alternatives and develop a resolution. If the board deems a violation of the conflict of interest policy, it would inform the member of the basis for such belief and allow the member to explain the alleged failure to disclose. If after hearing the member's response, conducting a full investigation into the matter, and determining that there was a failure to disclose a conflict of interest, the board would take the appropriate discliplinary and corrective action.”

Form 990, Part VI, Section C, Line 18

“Governing documents and all financial statements are available for inspection to the public upon request”

Form 990, Part VI, Section C, Line 19

“Governing documents and all finanical statements are available for inspection to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Polyphony Foundation
EIN
27-5559473
Phone
2039798566
Address
99 RIVER ROAD, COS COB, CT 06807

Signing Officer

Name
Craig Cogut
Title
President
Phone
2039798566
Signed
2017-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Cogut
Formed
2011
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
16

Preparer

Firm
Lh Frishkoff & Co Llp
Address
529 FIFTH AVE 9TH FLOOR, NEW YORK, NY 10017-4608
Preparer
Charles Fazio CPA
Phone
2128080070
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 12,500. Management and general expenses 5,625. Fundraising expenses 5,625. Total expenses 23,750. Administrative services: program service expenses 0. Management and general expenses 11,670. Fundraising expenses 11,670. Total expenses 23,340. Recruiter fees : program service expenses 0. Management and general expenses 11,353. Fundraising expenses 21,084. Total expenses 32,437.”

FORM 990, PART XII, LINE 2C:

“The organization has not changed its oversight or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and, accordingly,is not subject to federal,state, and local income taxes. However,the foundation is subject to a federal excise tax on net investment income excluding unrealized gains.”

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IRS990/ActivityOrMissionDesc0POLYPHONY FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO RAISE AWARENESS AMONG U.S. AND OTHER AUDIENCES OF MULTI-CULTURAL MUSIC ENVIRONMENT AND OTHER EDUCATION PROGRAMS IN THE MIDDLE EAST AND FACILITATE DIALOGUE IN THE U.S. TO ADVANCE A VISION OF ISRAELI JEWISH AND ARAB RECONCILIATION, PEACE AND CIVIL RIGHTS.
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IRS990/Desc0THE ORGANIZATION, THROUGH PERIODIC GRANTS TO POLYPHONY EDUCATION, AN ISRAELI NON-PROFIT ORGANIZATION, PROVIDES FINANCIAL SUPPORT TO THE POLYPHONY CONSERVATORY IN NAZARETH AND ITS SISTER CONSERVATORY IN JAFFA TO MAINTAIN A LEVEL OF EXCELLENCE EQUAL TO THE BEST CONSERVATORIES IN ISRAEL AND NOW REACHES MORE THAN 150 YOUNG MUSICIANS, MOSTLY ARAB YOUTH. POLYPHONY EDUCATION'S CONSERVATORY PROGRAM OPENS DOORS TO TALENTED ARAB YOUTH TO FIND COMMON GROUND WITH THEIR JEWISH PEERS BY PROVIDING OPPORTUNITIES FOR THEM IN HIGH-LEVEL CLASSICAL MUSIC EDUCATION AND TRAINING. THE PROGRAMS NOT ONLY PROVIDE STUDENTS WITH THE SKILLS TO BECOME EXCELLENT PERFORMERS, BUT ALSO PLACES CONSIDERABLE EMPHASIS ON THE ROLE OF MUSIC EDUCATION AS A TOOL TO SHAPE SOCIETY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR & TREASURER
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt026994
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0503
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt018804
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt026062
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0POLYPHONY FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO RAISE AWARENESS AMONG U.S. AND OTHER AUDIENCES OF MULTI-CULTURAL MUSIC ENVIRONMENT AND OTHER EDUCATION PROGRAMS IN THE MIDDLE EAST AND FACILITATE DIALOGUE IN THE U.S. TO ADVANCE A VISION OF ISRAELI JEWISH AND ARAB RECONCILIATION, PEACE AND CIVIL RIGHTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
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IRS990/NetAssetsOrFundBalancesEOYAmt05840
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-360
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0978
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03765
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08503
IRS990/OfficeExpensesGrp/TotalAmt012268
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02190
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01178
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03368
IRS990/OtherExpensesGrp/Desc0TELEPHONE
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2FILING FEES
IRS990/OtherExpensesGrp/Desc3PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03603
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22008
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31091
IRS990/OtherExpensesGrp/TotalAmt03603
IRS990/OtherExpensesGrp/TotalAmt12143
IRS990/OtherExpensesGrp/TotalAmt22008
IRS990/OtherExpensesGrp/TotalAmt31091
IRS990/OtherLiabilitiesGrp/BOYAmt01329
IRS990/OtherLiabilitiesGrp/EOYAmt09119
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IRS990/OtherRevenueMiscGrp/Desc0CHANGE IN VALUE OF INV
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IRS990/OtherRevenueTotalAmt0-430
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt084527
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt045514
IRS990/OtherSalariesAndWagesGrp/TotalAmt0130041
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07963
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04287
IRS990/PayrollTaxesGrp/TotalAmt012250
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03489
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03634
IRS990/PrincipalOfficerNm0CRAIG COGUT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION, THROUGH PERIODIC GRANTS TO POLYPHONY EDUCATION, AN ISRAELI NON-PROFIT ORGANIZATION, PROVIDES FINANCIAL SUPPORT TO THE ALHAN MUSIC APPRECIATION PROGRAM THAT EXPOSES STUDENTS TO CLASSICAL, ARABIC AND ISRAELI MUSIC, TEACHING THEM TO UNDERSTAND THE VARIOUS COMPONENTS AND CHARACTERISTICS OF EACH. THE STUDENTS GAIN AN APPRECIATION NOT ONLY OF WESTERN MUSIC, BUT ALSO OF MUSIC THAT IS PART OF THEIR OWN CULTURE, OR THAT OF THEIR NEIGHBOR'S. THROUGHOUT THE YEAR, ARAB AND JEWISH STUDENTS COME TOGETHER AT EACH OTHER'S SCHOOLS TO LISTEN TO CHAMBER MUSIC CONCERTS. AT THE END OF EACH YEAR, STUDENTS ARE BROUGHT TOGETHER TO PARTICIPATE IN AN EXPLAINED CONCERT, PERFORMED BY THE GALILEE CHAMBER ORCHESTRA, PROVIDING THEM THE OPPORTUNITY TO HEAR THE MUSIC THEY HAVE STUDIED IN CLASS PERFORMED BY A PROFESSIONAL ORCHESTRA. THE TEACHERS WHO INSTRUCT THE CLASSES ARE ARAB AND JEWISH MUSIC TEACHERS WHO HAVE PARTICIPATED IN A SUMMER TRAINING COURSE DEVELOPED BY POLYPHONY EDUCATION THAT ALSO FOCUSES ON THE CULTURE OF LISTENING AND RESPECT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt044821
IRS990/ProgSrvcAccomActy2Grp/GrantAmt044821
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION, THROUGH PERIODIC GRANTS TO POLYPHONY EDUCATION, AN ISRAELI NON-PROFIT ORGANIZATION, PROVIDES FINANCIAL SUPPORT TO THE GALILEE CHAMBER ORCHESTRA THAT WAS ESTABLISHED IN 2012. AS THE FIRST PROFESSIONAL ORCHESTRA IN THE REGION, THE GALILEE ORCHESTRA AIMS TO LEAD THE DEVELOPMENT OF CULTURAL LIFE IN THE GALILEE ON PAR WITH TEL AVIV AND JERUSALEM. IT HAS HOSTED MUSICIANS OF NATIONAL AND INTERNATIONAL RENOWN, WHILE PROVIDING PROFESSIONAL OPPORTUNITIES FOR LOCAL MUSICIANS AND STUDENTS OF POLYPHONY. THIS ORCHESTRA CONSISTS OF ARAB AND JEWISH MUSICIANS FROM ALL OVER ISRAEL, AND IS STRIVING TO ACHIEVE AN EQUAL RATIO OF ARAB AND JEWISH PARTICIPANTS WHILE ALSO INCREASING THE NUMBER OF ARAB PROFESSIONAL MUSICIANS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt019156
IRS990/ProgSrvcAccomActy3Grp/GrantAmt019156
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt036063
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt020961
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0638352
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0274479
IRS990/PYInvestmentIncomeAmt0269
IRS990/PYOtherExpensesAmt0212559
IRS990/PYOtherRevenueAmt0822
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0104980
IRS990/PYSalariesCompEmpBnftPaidAmt047425
IRS990/PYTotalExpensesAmt0534463
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0639443
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-105850
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0POLYPHONY FOUNDATION WAS FORMED ON MARCH 11, 2011 AND A SHORT YEAR FORM 990 WAS FILED FOR THE YEAR ENDED FEBRUARY 29, 2012. POLYPHONY FOUNDATION CHANGED ITS YEAR END TO A CALENDAR YEAR INSTEAD OF A FISCAL YEAR AND A SHORT YEAR FORM 990 WAS FILED FOR THE YEAR ENDED DECEMBER 31, 2012.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, GENERAL INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0433574
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0638352
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0673189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0253638
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01336522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03335275
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03335275
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0433574
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0638352
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0673189
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0253638
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01336522
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03335275
IRS990ScheduleA/TotalSupportAmt03335275
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0538839
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04564
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014240
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0432989
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY,IS NOT SUBJECT TO FEDERAL,STATE, AND LOCAL INCOME TAXES. HOWEVER,THE FOUNDATION IS SUBJECT TO A FEDERAL EXCISE TAX ON NET INVESTMENT INCOME EXCLUDING UNREALIZED GAINS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04564
IRS990ScheduleD/TotalExpensesPerForm990Amt0538839
IRS990ScheduleD/TotalLiabilityAmt09119
IRS990ScheduleD/TotalRevenuePerForm990Amt0432989
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0432989
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0538839
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt21
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt012500
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1213060
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt211250
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0FOSTERED SHARED SOCIAL VALUES THROUGH CULTURAL EXCHANGES WITH ORGANIZATIONS SUCH AS POLYPHONY EDUCATION, INCLUDING SUPPORTING U.S. BASED YOUTH CONCERT SERIES; SERVED AS A CONDUIT FOR DIALOGUE CENTERED AROUND RECONCILIATION; EXPOSED ARAB-JEWISH YOUTH TO DIVERSE CROSS-CULTURAL EXPERIENCES; CREATED EMPOWERMENT OF WOMEN IN THE ARTS; INCREASED INTERNATIONAL UNDERSTANDING OF THE NEED TO CREATE HARMONIOUS RELATIONS, AND INTEGRATED MUSIC EDUCATION INTO ISRAELI ARAB AND JEWISH SCHOOLS.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1POLYPHONY FOUNDATION HAS GRANTED FUNDS TO MERITORIOUS CHARITABLE ORGANIZATIONS AND PROJECTS WITH A FOCUS IN THE FIELDS OF MUSIC AND EDUCATION, SUCH AS POLYPHONY EDUCATION LOCATED IN ISRAEL.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2POLYPHONY EDUCATION ACHIEVES ITS GOALS THROUGH A MULTI-TIERED GRASSROOTS STRUCTURE THAT BEGINS WITH BROAD OUTREACH TO ELEMENTARY SCHOOL CHILDREN, ENHANCING THE MUSICAL AND PERSONAL DEVELOPMENT OF THE STUDENTS AND CONTINUES ALL THE WAY UP TO ITS PROFESSIONAL ORCHESTRA. EACH PROGRAM IS DESIGNED TO BUILD ON KNOWLEDGE ACQUIRED IN PREVIOUS PROGRAMS IN THE SERIES. AS THE STUDENTS ADVANCE, THE PROGRAMS CALL FOR INCREASINGLY MIXED GROUPS OF ARAB AND JEWISH STUDENTS AND MUSICIANS TO LEARN, EXPERIENCE, AND PERFORM TOGETHER.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES - POLYPHONY INITIATIVE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES - GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2FUNDRAISING/MANAGEMENT & GENERAL - STRATEGIC DEVELOPMENT
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0213060
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0THE PURPOSES OF THESE GRANTS ARE TO SUPPORT THE NAZARETH CONSERVATORY, WHICH PROVIDES FIRST CLASS MUSIC INSTRUCTION TO OVER ONE HUNDRED SIXTY (160) OF THE REGION'S MOST GIFTED AND MOTIVATED YOUTH; AND TO SUPPORT MUSIC EDUCATION IN THE GALILEE SCHOOLS, WHICH PROVIDES OPPORTUNITIES FOR MUSIC EDUCATION TO ARAB AND JEWISH STUDENTS, WITH AN EMPHASIS ON BRINGING ARAB AND JEWISH STUDENTS TOGETHER THROUGH THE APPRECIATION OF CLASSICAL MUSIC AND INSTRUMENT INSTRUCTION.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0MIDDLE EAST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0236810
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0GRANT FUNDS ARE MONITORED BY THE BOARD OF DIRECTORS THROUGH SUBMISSION OF BUDGETS AND EXPENSE REPORTS.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1EXPENDITURES ARE ACCOUNTED FOR BY THE USE OF EXPENSE REPORTS ACCOMPANIED BY COPIES OF RECEIPTS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0236810
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PEGASUS CAPITAL ADVISORS LP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CRAIG COGUT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PEGASUS CAPITAL ADVISORS, LP IS AN ENTITY CONTROLLED BY CRAIG COGUT.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1CRAIG COGUT - IS THE DIRECTOR AND PRESIDENT OF POLYPHONY FOUNDATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt024146
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt146258
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE FOUNDATION HAS AN ACCOUNTS PAYABLE FOR VARIOUS OFFICE, TRAVEL, AND SUPPLY EXPENSES TO PEGASUS CAPITAL ADVISORS, LP.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1THE FOUNDATION HAS AN ADVANCE FOR VARIOUS OFFICE, TRAVEL, AND SUPPLY EXPENSES TO CRAIG COGUT.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE ORGANIZATION'S DIRECTORS, CRAIG AND DEBORAH COGUT, ARE RELATED TO ONE ANOTHER AS HUSBAND AND WIFE. CRAIG COGUT SERVES AS PRESIDENT OF POLYPHONY FOUNDATION AND AS A MEMBER OF THE BOARD OF DIRECTORS. DEBORAH COGUT SERVES AS A MEMBER OF THE BOARD OF DIRECTORS. SETH NOVATT SERVED AS TREASURER OF POLYPHONY AND AS A MEMBER OF THE BOARD OF DIRECTORS. BARTLEY BREININ SERVES AS SECRETARY AND AS A MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS PROVIDED TO AND REVIEWED BY THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY ALLOWING ANY INTERESTED PARTIES TO DISCLOSE A CONFLICT OF INTEREST. AFTER DISCLOSURE OF A CONFLICT OF INTEREST, THE GOVERNING BODY WOULD DETERMINE IF SUCH A CONFLICT EXISTS, DESIGNATE A DISINTERESTED PARTY TO INVESTIGATE ALTERNATIVES AND DEVELOP A RESOLUTION. IF THE BOARD DEEMS A VIOLATION OF THE CONFLICT OF INTEREST POLICY, IT WOULD INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND ALLOW THE MEMBER TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE MEMBER'S RESPONSE, CONDUCTING A FULL INVESTIGATION INTO THE MATTER, AND DETERMINING THAT THERE WAS A FAILURE TO DISCLOSE A CONFLICT OF INTEREST, THE BOARD WOULD TAKE THE APPROPRIATE DISCLIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND ALL FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION TO THE PUBLIC UPON REQUEST

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,951
Liabilities
$108,111
Net assets
$5,840
Revenue
$432,989
Expenses
$538,839
Net income
-$105,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.53$3.06$1.54
2019Detailed filing. Detailed filing data is available for this year.$2.04$0.50$1.54$4.54$5.37$0.83
2018Detailed filing. Detailed filing data is available for this year.$2.72$0.36$2.36$4.52$4.70$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.46$0.90$2.55$7.16$4.67$2.49
2016Detailed filing. Detailed filing data is available for this year.$1.14$1.08$0.06$4.33$5.39$1.06
2015Detailed filing. Detailed filing data is available for this year.$1.40$0.29$1.12$6.39$5.34$1.05
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.57$0.07$6.79$6.38$0.42
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.75$0.35$2.54$7.79$5.25