Civic Intelligence

Infinity Visual and Performing Arts Inc.

990 • Fiscal year 2016 • EIN 30-0268598

Sep 01, 2015 to Aug 31, 2016 • Filed on Feb 01, 2017

301 East 2nd Street/Suite 101Jamestown, NY 14701

(716) 664-0991

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.06x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.04x

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

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

Net Margin

44th percentile

0.5%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

45th percentile

-0.3%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2016

Revenue Growth

34th percentile

-10%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2016

Assets

Down

$321,303

Down $1,766 (-0.5%) from 2014

Net Assets

Up

$303,359

Up $44,555 (+17%) from 2014

Liabilities

Down

$17,944

Down $46,321 (-72%) from 2014

Revenue

Down

$492,030

Down $116,206 (-19%) from 2014

Expenses

Up

$489,360

Up $26,922 (+5.8%) from 2014

Net Income

Down

$2,670

Down $143,128 (-98%) from 2014

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 2011: $86,488Liabilities 2011: $3,414Net Assets 2011: $83,0742011Assets 2012: $123,415Liabilities 2012: $9,769Net Assets 2012: $113,6462012Assets 2013: $114,675Liabilities 2013: $1,669Net Assets 2013: $113,0062013Assets 2014: $323,069Liabilities 2014: $64,265Net Assets 2014: $258,8042014Assets 2016: $321,303Liabilities 2016: $17,944Net Assets 2016: $303,3592016Assets 2017: $325,739Liabilities 2017: $17,566Net Assets 2017: $308,1732017Assets 2018: $359,979Liabilities 2018: $18,930Net Assets 2018: $341,0492018Assets 2019: $418,332Liabilities 2019: $18,608Net Assets 2019: $399,7242019Assets 2020: $446,980Liabilities 2020: $13,559Net Assets 2020: $433,4212020Assets 2021: $654,963Liabilities 2021: $97,629Net Assets 2021: $557,3342021Assets 2022: $1,175,325Liabilities 2022: $220,199Net Assets 2022: $955,1262022Assets 2023: $1,648,848Liabilities 2023: $644,201Net Assets 2023: $1,004,6472023Assets 2024: $1,694,574Liabilities 2024: $637,874Net Assets 2024: $1,056,7002024Assets 2025: $1,832,701Liabilities 2025: $530,371Net Assets 2025: $1,302,3302025

Highlighted filing

2016

Assets$321,303
Liabilities$17,944
Net Assets$303,359

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $297,4892011Expenses 2012: $320,7042012Revenue 2013: $383,887Expenses 2013: $384,527Net Income 2013: -$6402013Revenue 2014: $608,236Expenses 2014: $462,438Net Income 2014: $145,7982014Revenue 2016: $492,030Expenses 2016: $489,360Net Income 2016: $2,6702016Revenue 2017: $519,652Expenses 2017: $514,838Net Income 2017: $4,8142017Revenue 2018: $544,439Expenses 2018: $511,563Net Income 2018: $32,8762018Revenue 2019: $559,431Expenses 2019: $500,756Net Income 2019: $58,6752019Revenue 2020: $506,494Expenses 2020: $472,797Net Income 2020: $33,6972020Revenue 2021: $542,139Expenses 2021: $482,173Net Income 2021: $59,9662021Revenue 2022: $992,925Expenses 2022: $593,614Net Income 2022: $399,3112022Revenue 2023: $762,919Expenses 2023: $713,398Net Income 2023: $49,5212023Revenue 2024: $772,193Expenses 2024: $720,140Net Income 2024: $52,0532024Revenue 2025: $959,386Expenses 2025: $713,756Net Income 2025: $245,6302025

Highlighted filing

2016

Revenue$492,030
Expenses$489,360
Net Income$2,670
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Feb 1, 2017
Return Version
2015v3.0
Gross Receipts
$497,581
Mission and Program Overview

Mission

Infinity visual and performing arts, inc. Creates and sustains an environment in which young people, based solely on their desire to participate, can grow, learn, and lead through participation in the visual and performing arts.

Infinity visual and performing arts, inc. Creates and sustains an environment in which young people, based solely on their desire to participate, can grow, learn, and lead through active participation in the visual and performing arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$259,593$265,220▲ $5,627
Cash and Non-Interest-Bearing Accounts$84,347$51,498▼ $32,849
Prepaid Expenses and Deferred Charges-$2,759-
Accounts Receivable-$1,826-
Total Assets$343,940$321,303▼ $22,637
Liabilities
Accounts Payable and Accrued Expenses$30,914$17,944▼ $12,970
Total Liabilities$30,914$17,944▼ $12,970
Net Assets / Fund Balance
Unrestricted Net Assets$300,092$292,735▼ $7,357
Temporarily Rstr Net Assets$12,934$10,624▼ $2,310
Total Net Assets Fund Balance$313,026$303,359▼ $9,667
Total Liabilities and Net Assets / Fund Balance$343,940$321,303▼ $22,637

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$230,999$10,472$241,471
Equipment$33,804$176,285$210,089
Other Land Buildings$417$3,171$3,588

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$12,934$45,806--$10,624
2014$314$41,000--$12,934
2013-$37,500--$314
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shane HawkinsExecutive DiFT$48,000$9,816$57,816

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$272,689
Program Service Revenue
$192,908
Investment Income
$0
Other Revenue
$26,433
All Other Contributions
$259,259
Change in Net Assets
$2,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$492,030
Revenue Not Reported on Form 990
$5,021
Total Revenue per Audited Statements
$497,051
Total Revenue per Form 990
$492,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$374,605
Other Expenses$114,755
Total Fundraising Expense$18,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$250,951$18,389$10,416$279,756
Current Officers, Directors, Trustees, and Key Employees$14,454$37,580$5,782$57,816
Occupancy$37,016$2,114-$39,130
Payroll Taxes$20,035$3,778$1,160$24,973
Depreciation Depletion$15,253$1,646$178$17,077
Other Employee Benefits$8,753$2,686$621$12,060
Insurance$5,355$282-$5,637
All Other Expenses$5,012$125-$5,137
Advertising$4,304--$4,304
Other Expenses$4,300--$4,300
Fees for Services Accounting-$4,000-$4,000
Office Expenses$2,002$1,879-$3,881
Fees for Services Other-$3,427-$3,427
Travel$1,487--$1,487
Total Functional Expenses$395,297$75,906$18,157$489,360

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$494,381
Expenses per Audited Statements$489,360
Total Expenses per Form 990$489,360
Expenses Not Reported on Form 990$5,021
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,984
Fundraising Direct Expenses$5,551
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tag Days$5,939$5,939-$5,939
Cafe$5,775$5,775$3,136$2,639
Total Events$19,642$19,642$4,896$14,746
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
Audit committee
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
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, Page 6, Part VI, Line 11B

The organization provides a copy of the form 990 to each member of its board of directors to review prior to the 990 being filed. The 990 is filed after all questions have been answered satisfactorily.

Form 990, Page 6, Part VI, Line 12C

On an annual basis, each board member receives a copy of the organization's conflicts of interest policy. All board members are required to review the policy, document any possible conflict of interest situations, and sign the disclosure statement.

Form 990, Page 6, Part VI, Line 15A

An annual evaluation is done of the executive director and the finance committee recommends a salary in executive session to the full board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, information returns, and annual audited financial statements are available to the public upon request at the organization's business office.

Filing and Contact Details

Filer

Filer Name
Infinity Visual & Performing
EIN
30-0268598
Phone
7166640991
Address
301 EAST 2ND STREET/SUITE 101, JAMESTOWN, NY 14701

Signing Officer

Name
Jason Sample
Title
President
Phone
7166640991
Signed
2017-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Sample
Formed
2005
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
45
Volunteers
100

Preparer

Firm
Saxton Kocur and Associates Llp
Address
301 E 2ND ST SUITE 303, JAMESTOWN, NY 14701-5409
Preparer
Lucinda M Saxton CPA
Phone
7164836109
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Infinity visual and performing arts, inc. Creates and sustains an environment in which young people, based solely on their desire to participate, can grow, learn, and lead through active participation in the visual and performing arts.

Form 990, Page 1, Part I, Line 6

Volunteers assist with fundraising events.

Form 990, Part XI, Line 9

Change from cash to accrual method of accounting -12,337 total -12,337

Form 990, Page 12, Part XII, Line 1

The organization changed from the cash method of accounting to the accrual method during the current year.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code and from new york state income taxes under article 7a of the executive law. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2)of the internal revenue code. The organization files exempt organization returns with u.s. Federal and new york state jurisdictions. The organization's returns prior to 2013 are closed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM NEW YORK STATE INCOME TAXES UNDER ARTICLE 7A OF THE EXECUTIVE LAW. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2)OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FILES EXEMPT ORGANIZATION RETURNS WITH U.S. FEDERAL AND NEW YORK STATE JURISDICTIONS. THE ORGANIZATION'S RETURNS PRIOR TO 2013 ARE CLOSED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INFINITY VISUAL AND PERFORMING ARTS, INC. CREATES AND SUSTAINS AN ENVIRONMENT IN WHICH YOUNG PEOPLE, BASED SOLELY ON THEIR DESIRE TO PARTICIPATE, CAN GROW, LEARN, AND LEAD THROUGH ACTIVE PARTICIPATION IN THE VISUAL AND PERFORMING ARTS.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.83$0.53$1.30$0.96$0.71$0.25
2024Detailed filing. Detailed filing data is available for this year.$1.69$0.64$1.06$0.77$0.72$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.64$1.00$0.76$0.71$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.22$0.96$0.99$0.59$0.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.10$0.56$0.54$0.48$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.43$0.51$0.47$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$0.56$0.50$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.34$0.54$0.51$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.02$0.31$0.52$0.51$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.02$0.30$0.49$0.49$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.06$0.26$0.61$0.46$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.38$0.38$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.01$0.11$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.08$0.30