Civic Intelligence

Turnpark Art Space Inc.

990 • Fiscal year 2014 • EIN 46-5064530

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 07, 2015

133 Hanson RoadNewton, MA 02459

(516) 474-5957

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.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$14,173

No earlier filing loaded for comparison.

Net Assets

$14,173

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$14,300

No earlier filing loaded for comparison.

Expenses

$127

No earlier filing loaded for comparison.

Net Income

$14,173

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2014: $14,173Liabilities 2014: $0Net Assets 2014: $14,1732014Assets 2015: $40,001Liabilities 2015: $0Net Assets 2015: $40,0012015Assets 2016: $55,808Liabilities 2016: $0Net Assets 2016: $55,8082016Assets 2017: $87,081Liabilities 2017: $3,070Net Assets 2017: $84,0112017Assets 2018: $131,020Liabilities 2018: $0Net Assets 2018: $131,0202018Assets 2019: $109,456Liabilities 2019: $0Net Assets 2019: $109,4562019Assets 2020: $111,899Liabilities 2020: $0Net Assets 2020: $111,8992020Assets 2021: $105,007Liabilities 2021: $0Net Assets 2021: $105,0072021Assets 2022: $99,851Liabilities 2022: $0Net Assets 2022: $99,8512022Assets 2023: $101,888Liabilities 2023: $161,415Net Assets 2023: -$59,5272023Assets 2024: $89,496Liabilities 2024: $161,415Net Assets 2024: -$71,9192024

Highlighted filing

2014

Assets$14,173
Liabilities$0
Net Assets$14,173

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $14,300Expenses 2014: $127Net Income 2014: $14,1732014Revenue 2015: $34,500Expenses 2015: $8,672Net Income 2015: $25,8282015Revenue 2016: $38,250Expenses 2016: $22,444Net Income 2016: $15,8062016Revenue 2017: $204,077Expenses 2017: $175,874Net Income 2017: $28,2032017Revenue 2018: $188,039Expenses 2018: $141,030Net Income 2018: $47,0092018Revenue 2019: $156,218Expenses 2019: $177,781Net Income 2019: -$21,5632019Revenue 2020: $118,345Expenses 2020: $148,151Net Income 2020: -$29,8062020Revenue 2021: $235,721Expenses 2021: $252,051Net Income 2021: -$16,3302021Revenue 2022: $272,830Expenses 2022: $258,859Net Income 2022: $13,9712022Revenue 2023: $91,123Expenses 2023: $250,502Net Income 2023: -$159,3792023Revenue 2024: $281,479Expenses 2024: $293,871Net Income 2024: -$12,3922024

Highlighted filing

2014

Revenue$14,300
Expenses$127
Net Income$14,173
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 7, 2015
Return Version
2014v5.0
Gross Receipts
$14,300
Mission and Program Overview

Mission

To encourage the appreciation of art and advance knowledge of various works of art that collectively represent the broadest spectrum of human artistic achievement and cultural expression and to provide facilities for research, aesthetic enjoyment and appreciation of all types of visual works of art, all in the service of the public.

The organization is operated for charitable, literary and educational purposes including the operation of an art museum to display, preserve and stimulate appreciation for works of art in service of the public at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$14,173-
Rtn Earn Endowment Incm Other Fnds-$14,173-
Total Assets$0$14,173▲ $14,173
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$14,173▲ $14,173
Total Liabilities and Net Assets / Fund Balance$0$14,173▲ $14,173
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ekaterina BrezgunovaPRESIDENT and DIRECTOR
Lev IoffeDirector
Michael KhodarkovskyDirector
Igor GombergTREASURER and DIRECTOR
Elizaveta GombergClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$14,300
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,300
Change in Net Assets
$14,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$127
Total Functional Expenses$0$0$0$127
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
Ekaterina Brezgunova PresidentCo-lessorLeaseNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Section B, Line 11

Form 990 was distributed to all Officers and Directors via a delivery service. Prior to filing the document, it was reviewed by the President and Board of Directors with questions answered by an independent accounting firm who reviewed and explained the Form 990. The independent accountant was available to all Officers and Directors to answer questions.

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

All Officers and Directors, voting or non-voting, will receive a conflict of interest questionnaire at the start of each fiscal year. The completed forms are returned to the office of the President. Each Officer and Director is familiar with the organizaitons conflict of interest policy and has agreed verbally to enforce the policy as required. Any conflicts that are identified will be reflected in the minutes of the Board of Directors with the conflicted party leaving the room to not particate in any discussions or vote.

Form 990, Part VI, Section B, Line 15

At the present time, the organizaiton does not pay any Officer of Director compensation. When compensation is paid, the organization through the efforts of the Officers, Directors, outside legal counsel and the independent accounting firm they Organization will ensure that they obtain comparative data for compensation paid for similar positions in the United States and for similar museums with such information containing a minimum of four to five yeas of compensation history. The Board of Directors will vote to approve all compensation packages with the effected Officer in abstentia during the vote and discussions.

Form 990, Part VI, Section C, Line 19

All documents required by law to be made availble to the public are available on written request. Such requests can be made via the organizations website at www.turnpark.com

Filing and Contact Details

Filer

Filer Name
Turnpark Art Space Inc
EIN
46-5064530
Phone
5164745957
Address
133 HANSON ROAD, NEWTON, MA 02459

Signing Officer

Name
Ekaterina Brezgunova
Title
President
Signed
2015-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ekaterina Brezgunova
Formed
2014
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
9

Preparer

Firm
McELVENNY & ASSOCIATES INC
Address
80 WASHINGTON STREET 23D, NORWELL, MA 02061
Preparer
BRUCE R McELVENNY
Phone
7819820125
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 was distributed to all Officers and Directors via a delivery service. Prior to filing the document, it was reviewed by the President and Board of Directors with questions answered by an independent accounting firm who reviewed and explained the Form 990. The independent accountant was available to all Officers and Directors to answer questions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Officers and Directors, voting or non-voting, will receive a conflict of interest questionnaire at the start of each fiscal year. The completed forms are returned to the office of the President. Each Officer and Director is familiar with the organizaitons conflict of interest policy and has agreed verbally to enforce the policy as required. Any conflicts that are identified will be reflected in the minutes of the Board of Directors with the conflicted party leaving the room to not particate in any discussions or vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At the present time, the organizaiton does not pay any Officer of Director compensation. When compensation is paid, the organization through the efforts of the Officers, Directors, outside legal counsel and the independent accounting firm they Organization will ensure that they obtain comparative data for compensation paid for similar positions in the United States and for similar museums with such information containing a minimum of four to five yeas of compensation history. The Board of Directors will vote to approve all compensation packages with the effected Officer in abstentia during the vote and discussions.
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