Civic Intelligence

Qubit New Music

990EZ • Fiscal year 2023 • EIN 46-0659995

Jan 01, 2023 to Dec 31, 2023 • Filed on May 03, 2024

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

(213) 537-2532

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Top Officer Pay

76th percentile

$7,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2023 filings • NTEE A68 • <$500k nonprofits • Source year 2023

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

33rd percentile

0.7%

Faster revenue growth than 33% of similar nonprofits.

2023 filings • NTEE A68 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$164,130

Up $22,845 (+16%) from 2022

Net Assets

Up

$164,130

Up $22,845 (+16%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$63,877

Up $419 (+0.7%) from 2022

Expenses

Down

$41,032

Down $14,324 (-26%) from 2022

Net Income

Up

$22,845

Up $14,743 (+182%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$164,130
Liabilities$0
Net Assets$164,130

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$63,877
Expenses$41,032
Net Income$22,845
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 3, 2024
Return Version
2023v5.0
Gross Receipts
$63,877
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 FY23, Qubit served over 500 people during 5 events in New York City. For the past fourteen 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 2023, Qubit produced five events in New York City. These included, starting in June, our Innovator Lab artists-in-residence, Laura Steeneberge and Ryoko Akama, performing at Mise-en-Place in Brooklyn, with the Austin-based percussion trio, line upon line. In June, Qubit helped to produce the Infrequent Streams "Stream Fest", which was three concerts at FourOneOne in Brooklyn, NY. In November, Qubit collaborated with the Talea Ensemble to produce a work-in-progress performance of a new opera by Alec Hall and Vanessa Place, at the DiMenna Center for Classical Music.$54,880$41,032
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexander HallExecutive Director, Board Member Ex-OfficioPT$7,000-$7,000
Nina C YoungPresident-$0--
David BirdVice President-$0--
Aaron EinbondVice President-$0--
Zachary Seligman KarenTreasurerPT$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
2024-05-03
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Other expenses include monies spent on meals during planning and production meetings, as well as travel expenses and fees for attendance at industry conferences and conventions.

Raw XML Appendix203 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Qubit'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 FY23, Qubit served over 500 people during 5 events in New York City. For the past fourteen 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 2023, Qubit produced five events in New York City. These included, starting in June, our Innovator Lab artists-in-residence, Laura Steeneberge and Ryoko Akama, performing at Mise-en-Place in Brooklyn, with the Austin-based percussion trio, line upon line. In June, Qubit helped to produce the Infrequent Streams "Stream Fest", which was three concerts at FourOneOne in Brooklyn, NY. In November, Qubit collaborated with the Talea Ensemble to produce a work-in-progress performance of a new opera by Alec Hall and Vanessa Place, at the DiMenna Center for Classical Music.
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ReturnHeader/Filer/EIN0460659995
ReturnHeader/Filer/PhoneNum02135372532
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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