Civic Intelligence

Kindred Arts Inc.

990 • Fiscal year 2022 • EIN 47-3374361

Apr 01, 2021 to Mar 31, 2022 • Filed on Mar 31, 2023

244 Madison Avenue 172New York, NY 10016-2817

(917) 685-6855

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$49,699

Up $35,894 (+260%) from 2021

Net Assets

Down

-$125,912

Down $2,382 (-1.9%) from 2021

Liabilities

Up

$175,611

Up $38,276 (+28%) from 2021

Revenue And Expenses

Revenue

Up

$379,025

Up $250,449 (+195%) from 2021

Expenses

Up

$381,907

Up $144,619 (+61%) from 2021

Net Income

Up

-$2,882

Up $105,830 (+97%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2019: $11,886Liabilities 2019: $5,249Net Assets 2019: $6,6372019Assets 2020: $3,367Liabilities 2020: $43,065Net Assets 2020: -$39,6982020Assets 2021: $13,805Liabilities 2021: $137,335Net Assets 2021: -$123,5302021Assets 2022: $99,297Liabilities 2022: $176,111Net Assets 2022: -$76,8142022Assets 2022: $49,699Liabilities 2022: $175,611Net Assets 2022: -$125,9122022Assets 2023: $52,620Liabilities 2023: $206,874Net Assets 2023: -$154,2542023Assets 2024: $55,269Liabilities 2024: $214,676Net Assets 2024: -$159,4072024Assets 2025: $7,837Liabilities 2025: $145,814Net Assets 2025: -$137,9772025

Highlighted filing

2022

Assets$49,699
Liabilities$175,611
Net Assets-$125,912

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2019: $212,385Expenses 2019: $209,112Net Income 2019: $3,2732019Revenue 2020: $215,057Expenses 2020: $249,418Net Income 2020: -$34,3612020Revenue 2021: $128,576Expenses 2021: $237,288Net Income 2021: -$108,7122021Revenue 2022: $428,579Expenses 2022: $381,863Net Income 2022: $46,7162022Revenue 2022: $379,025Expenses 2022: $381,907Net Income 2022: -$2,8822022Revenue 2023: $305,052Expenses 2023: $327,855Net Income 2023: -$22,8032023Revenue 2024: $167,878Expenses 2024: $173,031Net Income 2024: -$5,1532024Revenue 2025: $56,368Expenses 2025: $34,938Net Income 2025: $21,4302025

Highlighted filing

2022

Revenue$379,025
Expenses$381,907
Net Income-$2,882
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Mar 31, 2023
Return Version
2021v4.0
Gross Receipts
$379,025
Mission and Program Overview

Mission

Kindred arts is a cultural equity initiative conceiving of and executing community arts programming in public spaces.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$23,856-
Land, Buildings, and Equipment, Net-$15,107-
Cash and Non-Interest-Bearing Accounts$13,805$9,024▼ $4,781
Loans From Officers Directors-$4,115-
Inventories for Sale or Use-$1,712-
Total Assets$13,805$49,699▲ $35,894
Liabilities
Unsecured Notes Loans Payable$55,100$158,350▲ $103,250
Other Liabilities$80,315$0▼ $80,315
Mortgage Notes Payable Secured by Investment Property-$9,552-
Accounts Payable and Accrued Expenses$1,920$3,594▲ $1,674
Total Liabilities$137,335$175,611▲ $38,276
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-123,530$-125,912▼ $2,382
Total Net Assets Fund Balance$-123,530$-125,912▼ $2,382
Total Liabilities and Net Assets / Fund Balance$13,805$49,699▲ $35,894

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,877$5,337$19,214
Equipment$1,230$88$1,318
Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marsha ReidExecutive DirectorFT$11,337$11,337

Board Members and Trustees

NameTitle
Khary Lazarre WhiteBoard Member
Betsy EatonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$362,163
Program Service Revenue
$11,856
Investment Income
$0
Other Revenue
$5,006
All Other Contributions
$255,338
Change in Net Assets
$-2,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$369,412
Salaries, Compensation, and Employee Benefits$11,337
Total Fundraising Expense$1,242
Grants and Similar Amounts Paid$1,158
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$116,976$619-$117,595
Office Expenses$74,853$11,497$194$86,544
Occupancy$51,516$5,156-$56,672
Travel$46,338$440$204$46,982
Conferences and Meetings$21,094-$844$21,938
Current Officers, Directors, Trustees, and Key Employees$11,277$60-$11,337
Insurance$29$10,833-$10,862
Fees for Services Legal-$10,429-$10,429
Fees for Services Accounting-$7,427-$7,427
Depreciation Depletion-$5,425-$5,425
Information Technology$4,337$179-$4,516
Grants to Domestic Orgs$1,158--$1,158
Advertising$942$80-$1,022
Total Functional Expenses$328,520$52,145$1,242$381,907
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$4,115-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
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 11B

The 990 form will be reviewed in person at the next board meeting.

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

All board members have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. This policy established the framework within which kindred arts inc wishes its business to operate. Its conflict of interest policy requires that all board members, officers, and key employees immediately disclose the existence of any actual or potential conflict of interest so that safeguards can be established to protect all parties. Kindred arts monitors its conflict of interest policy through regular communications with applicable parties on the existence of conflicts.

Form 990, Part VI, Section B, Line 15

The executive committee meets annually to review the executive directors performance and compensation is adjusted accordingly. Kindred arts shall, either the full board or a compensation committee/executive committee, annually evaluate the executive director on his/her's performance and ask for his/her input on matters of performance and compensation.

Form 990, Part VI, Section C, Line 19

Governing and financial documents are made available upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Kindred Arts Inc
EIN
47-3374361
Phone
9176856855
Address
244 MADISON AVENUE 172, NEW YORK, NY 10016-2817

Signing Officer

Name
Marsha Reid
Title
Executive Director
Phone
9176856855
Signed
2023-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marsha Reid
Formed
2015
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
30

Preparer

Firm
Easy Office Dba Jitasa
Address
1750 W FRONT STREET SUITE 200, BOISE, ID 83702
Preparer
Jeremy Cork
Phone
2082874777
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

The organization is filing an amended return because an independent financial review was conducted after the 990 was filed.

Form 990, Part IX, Line 11G

Professional fees, state and tax filing fees, and temporary help.

Form 990, Part XII, Line 1

The method of accounting changed from cash to accrual method.

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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013877
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05337
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019214
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015107
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt04115
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONAL LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04115
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARSHA REID
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt04115
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS FILING AN AMENDED RETURN BECAUSE AN INDEPENDENT FINANCIAL REVIEW WAS CONDUCTED AFTER THE 990 WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 FORM WILL BE REVIEWED IN PERSON AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THIS POLICY ESTABLISHED THE FRAMEWORK WITHIN WHICH KINDRED ARTS INC WISHES ITS BUSINESS TO OPERATE. ITS CONFLICT OF INTEREST POLICY REQUIRES THAT ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES IMMEDIATELY DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. KINDRED ARTS MONITORS ITS CONFLICT OF INTEREST POLICY THROUGH REGULAR COMMUNICATIONS WITH APPLICABLE PARTIES ON THE EXISTENCE OF CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW THE EXECUTIVE DIRECTORS PERFORMANCE AND COMPENSATION IS ADJUSTED ACCORDINGLY. KINDRED ARTS SHALL, EITHER THE FULL BOARD OR A COMPENSATION COMMITTEE/EXECUTIVE COMMITTEE, ANNUALLY EVALUATE THE EXECUTIVE DIRECTOR ON HIS/HER'S PERFORMANCE AND ASK FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING AND FINANCIAL DOCUMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES, STATE AND TAX FILING FEES, AND TEMPORARY HELP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE METHOD OF ACCOUNTING CHANGED FROM CASH TO ACCRUAL METHOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Header, Line B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013805
IRS990/TotalAssetsEOYAmt049699
IRS990/TotalAssetsGrp/BOYAmt013805
IRS990/TotalAssetsGrp/EOYAmt049699
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0362163
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01242
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052145
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0328520
IRS990/TotalFunctionalExpensesGrp/TotalAmt0381907
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0137335
IRS990/TotalLiabilitiesEOYAmt0175611
IRS990/TotalLiabilitiesGrp/BOYAmt0137335
IRS990/TotalLiabilitiesGrp/EOYAmt0175611
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-123530
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-125912
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0328520
IRS990/TotalProgramServiceRevenueAmt011856
IRS990/TotalReportableCompFromOrgAmt011337
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016862
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0379025
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013805
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049699
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0204
IRS990/TravelGrp/ManagementAndGeneralAmt0440
IRS990/TravelGrp/ProgramServicesAmt046338
IRS990/TravelGrp/TotalAmt046982
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt055100
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0158350
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0244 MADISON AVENUE 172
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0100162817
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTPS://KINDREDARTS.ORG
IRS990/WhistleblowerPolicyInd00
IRS990/WrittenPolicyOrProcedureInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARSHA REID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09176856855
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KINDRED ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0KIND
ReturnHeader/Filer/EIN0473374361
ReturnHeader/Filer/PhoneNum09176856855
ReturnHeader/Filer/USAddress/AddressLine1Txt0244 MADISON AVENUE 172

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