Civic Intelligence

Qubit New Music

EIN 46-0659995 • 501(c)3 • New York, NY

Pub. 78 Eligible990-N CoverageNTEE A68

Profile

Promotion of the Arts

514 West 148th Street Suite 5CNew York, NY 10031

www.qubitmusic.com

Siviq Scores

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

Liabilities / Assets

88th percentile

0.47x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.24x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$6,500

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

68th percentile

9.8%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

6.4%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$180,236

Up $16,106 (+9.8%) from 2023

Liabilities

Up

$83,972

Up $83,972 from 2023

Net Assets

Down

$96,264

Down $67,866 (-41%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin79th percentile

Revenue

Up

$67,960

Up $4,083 (+6.4%) from 2023

Expenses

Up

$50,278

Up $9,246 (+23%) from 2023

Net Income

Down

$17,682

Down $5,163 (-23%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

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

$200K$150K$100K$50K$0Assets 2018: $49,993Liabilities 2018: $0Net Assets 2018: $49,9932018Assets 2021: $133,183Liabilities 2021: $0Net Assets 2021: $133,1832021Assets 2022: $141,285Liabilities 2022: $0Net Assets 2022: $141,2852022Assets 2023: $164,130Liabilities 2023: $0Net Assets 2023: $164,1302023Assets 2024: $180,236Liabilities 2024: $83,972Net Assets 2024: $96,2642024

Highlighted filing

2024

Assets$180,236
Liabilities$83,972
Net Assets$96,264
Open 2024 Filing

Operations Trend

Revenue Growth60th percentile

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

$300K$200K$100K$0Revenue 2018: $213,704Expenses 2018: $194,974Net Income 2018: $18,7302018Revenue 2021: $72,532Expenses 2021: $51,120Net Income 2021: $21,4122021Revenue 2022: $63,458Expenses 2022: $55,356Net Income 2022: $8,1022022Revenue 2023: $63,877Expenses 2023: $41,032Net Income 2023: $22,8452023Revenue 2024: $67,960Expenses 2024: $50,278Net Income 2024: $17,6822024

Highlighted filing

2024

Revenue$67,960
Expenses$50,278
Net Income$17,682
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$180,236
Liabilities
$83,972
Net assets
$96,264
Revenue
$67,960
Expenses
$50,278
Net income
$17,682
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.80$0.84$0.96$0.68$0.50$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.64$0.41$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.63$0.55$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.73$0.51$0.21
2018Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$2.14$1.95$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.0
Gross Receipts
$67,960
Mission and Program Overview

Mission

Promotion of the Arts

Program Services

DescriptionGrantsExpenses
Qubit's primary program service is to produce, promote, and deliver concerts and other interdisciplinary events to the the people of New York City and State. In FY24, Qubit served over 500 people during 4 events in New York City. For the past fifteen seasons our mission has been to bring together diverse audiences and artists alike in unique & compelling ways. We strive to foster a community in which our attendees experience captivating works-both extant and newly commissioned, created by artists who are themselves driven by discovering new forms of expression. Focused on the use of new music technologies and how they can advance performance practice and sonic aesthetics, Qubit is a curatorial and production platform for emerging and mid-career artists dedicated to embarking upon the uncertain path to finding their own voice through risk-taking and experimentation. In 2024, Qubit produced four major concert events in New York City. These included "Piano Realities" at National Sawdust on March 28, featuring Ning Yu on solo piano. On May 24, we had a season finale concert at Mise-en-Place, with a variety of performers and improvisations. In October, we had two concerts, the first with the Mivos Quartet at the DiMenna Center in Manhattan, and the second was an evening of Rama Gottfried's works at the Center for Performance Research in Brooklyn. Additional funds were disbursed for the recording of a new studio album on the Kairos label, featuring Marco Fusi, Ning Yu, and the Mivos Quartet, all of whom were recorded in 2024 at studio locations in Brooklyn and Westchester County.$0$50,278
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexander HallExecutive Director, Board Member Ex-OfficioPT$6,500-$6,500
Nina C YoungPresident-$0--
David BirdVice President-$0--
Aaron EinbondVice President-$0--
Zachary Seligman KarenTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Qubit New Music
EIN
46-0659995
Phone
2135372532
Address
514 West 148th Street Suite 5C, New York, NY 10031

Signing Officer

Name
Alexander Hall
Title
Executive Director
Phone
2135372532
Signed
2025-05-12
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^NYS Charities Filing Fee;25|Travel;3609|Interest Expenses;4536|Production Costs;2871|Online Advertisement;70|Meals;381^Total;11492^”

Form 990-EZ, Part II, Line 26

“Assets include cash, securities and other investments. Liabilities consist exclusively of an SBA EIDL loan with the outstanding balance listed.”

Raw XML Appendix199 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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