Civic Intelligence

Yofi Fest Inc.

990EZ • Fiscal year 2022 • EIN 47-1776055

Jan 01, 2022 to Dec 31, 2022 • Filed on May 05, 2023

28 Wells Ave Building 3Yonkers, NY 10701

(914) 979-2949

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

48th percentile

3.4%

Higher net margin than 48% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Top Officer Pay

90th percentile

$30,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Asset Growth

28th percentile

-13%

Faster asset growth than 28% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

35%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$8,579

Down $1,276 (-13%) from 2021

Net Assets

Up

$8,579

Up $5,924 (+223%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$174,368

Up $45,084 (+35%) from 2021

Expenses

Up

$168,445

Up $23,413 (+16%) from 2021

Net Income

Up

$5,923

Up $21,671 (+138%) from 2021

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0-$10KAssets 2018: $6,373Net Assets 2018: $6,3732018Assets 2019: $703Liabilities 2019: $3,748Net Assets 2019: -$3,0452019Assets 2020: $18,403Net Assets 2020: $18,4032020Assets 2021: $9,855Liabilities 2021: $7,200Net Assets 2021: $2,6552021Assets 2022: $8,579Net Assets 2022: $8,5792022Assets 2023: $7,595Net Assets 2023: $7,5952023Assets 2024: $26,846Net Assets 2024: $26,8462024

Highlighted filing

2022

Assets$8,579
Liabilities-
Net Assets$8,579

Operations Trend

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

$200K$100K$0-$100KRevenue 2018: $96,264Expenses 2018: $85,529Net Income 2018: $10,7352018Revenue 2019: $124,455Expenses 2019: $133,873Net Income 2019: -$9,4182019Revenue 2020: $164,391Expenses 2020: $142,943Net Income 2020: $21,4482020Revenue 2021: $129,284Expenses 2021: $145,032Net Income 2021: -$15,7482021Revenue 2022: $174,368Expenses 2022: $168,445Net Income 2022: $5,9232022Revenue 2023: $148,271Expenses 2023: $149,255Net Income 2023: -$9842023Revenue 2024: $195,085Expenses 2024: $175,837Net Income 2024: $19,2482024

Highlighted filing

2022

Revenue$174,368
Expenses$168,445
Net Income$5,923
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 5, 2023
Return Version
2022v5.0
Gross Receipts
$174,368
Mission and Program Overview

Mission

The mission of yofi fest inc is to promote arts and culture through film festivals lectures workshops,screenings and similar activities to encourage,foster and promote community interest in art and culture.

Program Services

DescriptionGrantsExpenses
ORGANIZE FILM FESTIVALS, LECTURES, WORKSHOPS AND FILM SCREENINGS, TO PROMOTE ART AND CULTURE.-$168,445
OUR MISSION IS TO PROMOTE ARTS AND CULTURE THROUGH FILM FESTIVALS, LECTURES, WORKSHOPS, SCREENINGS AND SIMILAR ACTIVITIES. WE ENDEAVOR TO PROVIDE A FORUM FOR THE FREE EXCHANGE OF CULTURAL AND ARTISTIC INFORMATION AND TO ENRICH AND ADVANCE THE CULTURAL AND ARTISTIC KNOWLEDGE OF THE COMMUNITY AND TO FURTHER THE APPRECIATION OF ART AND CULTURE IN ALL ITS FORMS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID STECKPresident/TrPT$30,000-$30,000
PATTY SCHUMANNVice PresidePT$30,000-$30,000
PAM SCHUMANNSecretary-$0--
NANCY MCGRAWBoard Member-$0--
THOMAS STEVENSONBoard Member-$0--
PATRICIA GAMBABoard Member-$0--
ROBERT MOMENTBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Yofi Fest Inc
EIN
47-1776055
Phone
9149792949
Address
28 WELLS AVE BUILDING 3, YONKERS, NY 10701

Signing Officer

Name
David Steck
Title
President/treasurer
Phone
9179299909
Signed
2023-05-05
Discuss with paid preparer
Yes

Preparer

Firm
Reid Tax & Advisory Services LLC
Address
7600 JERICHO TPKE STE 400, WOODBURY, NY 11797-1705
Preparer
Jonathan Cohen CPA
Phone
5168020100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 4,286 office expenses 4,911 travel 296 parking 29 meals 7,330 insurance 3,998 bank fees 81 equipment rental & maint 24,867 filing fee 75 professional dues 1,306 research 1,321 supplies 15,253 non-investment depreciation 2,111 total 65,864

Form 990-ez, Part II, Line 24

Equipment 10,665 10,665 less accumulated depreciation 5,387 7,498 total 5,278 3,167

Form 990-ez, Part II, Line 26

PPP 2 LOAN 7,200 0

Form 990-ez, Part III

The mission of yofi fest inc is to promote arts and culture through film festivals lectures workshops,screenings and similar activities to encourage,foster and promote community interest in art and culture.

Form 990-ez, Part III, Line 28

Our mission is to promote arts and culture through film festivals, lectures, workshops, screenings and similar activities. We endeavor to provide a forum for the free exchange of cultural and artistic information and to enrich and advance the cultural and artistic knowledge of the community and to further the appreciation of art and culture in all its forms.

Form 990-ez, Part III, Line 31

Organize film festivals, lectures, workshops and film screenings, to promote art and culture.

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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/PrimaryExemptPurposeTxt0THE MISSION OF YOFI FEST INC IS TO PROMOTE ARTS AND CULTURE THROUGH FILM FESTIVALS LECTURES WORKSHOPS,SCREENINGS AND SIMILAR ACTIVITIES TO ENCOURAGE,FOSTER AND PROMOTE COMMUNITY INTEREST IN ART AND CULTURE.
IRS990EZ/ProgramServiceRevenueAmt039070
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ORGANIZE FILM FESTIVALS, LECTURES, WORKSHOPS AND FILM SCREENINGS, TO PROMOTE ART AND CULTURE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 4,286 OFFICE EXPENSES 4,911 TRAVEL 296 PARKING 29 MEALS 7,330 INSURANCE 3,998 BANK FEES 81 EQUIPMENT RENTAL & MAINT 24,867 FILING FEE 75 PROFESSIONAL DUES 1,306 RESEARCH 1,321 SUPPLIES 15,253 NON-INVESTMENT DEPRECIATION 2,111 TOTAL 65,864
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EQUIPMENT 10,665 10,665 LESS ACCUMULATED DEPRECIATION 5,387 7,498 TOTAL 5,278 3,167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PPP 2 LOAN 7,200 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MISSION OF YOFI FEST INC IS TO PROMOTE ARTS AND CULTURE THROUGH FILM FESTIVALS LECTURES WORKSHOPS,SCREENINGS AND SIMILAR ACTIVITIES TO ENCOURAGE,FOSTER AND PROMOTE COMMUNITY INTEREST IN ART AND CULTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR MISSION IS TO PROMOTE ARTS AND CULTURE THROUGH FILM FESTIVALS, LECTURES, WORKSHOPS, SCREENINGS AND SIMILAR ACTIVITIES. WE ENDEAVOR TO PROVIDE A FORUM FOR THE FREE EXCHANGE OF CULTURAL AND ARTISTIC INFORMATION AND TO ENRICH AND ADVANCE THE CULTURAL AND ARTISTIC KNOWLEDGE OF THE COMMUNITY AND TO FURTHER THE APPRECIATION OF ART AND CULTURE IN ALL ITS FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZE FILM FESTIVALS, LECTURES, WORKSHOPS AND FILM SCREENINGS, TO PROMOTE ART AND CULTURE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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