Civic Intelligence

Dominican Day Parade Inc

990 • Fiscal year 2016 • EIN 47-3537708

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

5030 BroadwayNew York, NY 10034

(212) 901-2500

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

95th percentile

191%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

18%

Faster revenue growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$163,777

Up $107,526 (+191%) from 2015

Net Assets

Up

$156,777

Up $113,026 (+258%) from 2015

Liabilities

Down

$7,000

Down $5,500 (-44%) from 2015

Revenue

Up

$371,888

Up $57,821 (+18%) from 2015

Expenses

Down

$258,862

Down $11,454 (-4.2%) from 2015

Net Income

Up

$113,026

Up $69,275 (+158%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2015: $56,251Liabilities 2015: $12,500Net Assets 2015: $43,7512015Assets 2016: $163,777Liabilities 2016: $7,000Net Assets 2016: $156,7772016Assets 2017: $288,357Liabilities 2017: $3,814Net Assets 2017: $284,5432017Assets 2018: $358,613Liabilities 2018: $7,000Net Assets 2018: $351,6132018Assets 2019: $339,783Liabilities 2019: $0Net Assets 2019: $339,7832019Assets 2020: $331,040Liabilities 2020: $0Net Assets 2020: $331,0402020Assets 2021: $242,032Liabilities 2021: $0Net Assets 2021: $242,0322021Assets 2022: $173,460Liabilities 2022: $0Net Assets 2022: $173,4602022Assets 2023: $167,890Liabilities 2023: $0Net Assets 2023: $167,8902023Assets 2024: $157,016Liabilities 2024: $0Net Assets 2024: $157,0162024

Highlighted filing

2016

Assets$163,777
Liabilities$7,000
Net Assets$156,777

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $314,067Expenses 2015: $270,316Net Income 2015: $43,7512015Revenue 2016: $371,888Expenses 2016: $258,862Net Income 2016: $113,0262016Revenue 2017: $371,306Expenses 2017: $243,540Net Income 2017: $127,7662017Revenue 2018: $373,196Expenses 2018: $306,126Net Income 2018: $67,0702018Revenue 2019: $334,280Expenses 2019: $346,112Net Income 2019: -$11,8322019Revenue 2020: $121,478Expenses 2020: $129,617Net Income 2020: -$8,1392020Revenue 2021: $193,297Expenses 2021: $282,307Net Income 2021: -$89,0102021Revenue 2022: $453,375Expenses 2022: $524,448Net Income 2022: -$71,0732022Revenue 2023: $665,935Expenses 2023: $664,400Net Income 2023: $1,5352023Revenue 2024: $704,253Expenses 2024: $715,127Net Income 2024: -$10,8742024

Highlighted filing

2016

Revenue$371,888
Expenses$258,862
Net Income$113,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$485,348
Mission and Program Overview

Mission

See organization mission schedule o

See organization's mission on schedule o.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,802$111,563▲ $83,761
Accounts Receivable$9,400$32,109▲ $22,709
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$56,251$163,777▲ $107,526
Other Assets Total$19,049$20,105▲ $1,056
Liabilities
Accounts Payable and Accrued Expenses$12,500$7,000▼ $5,500
Total Liabilities$12,500$7,000▼ $5,500
Net Assets / Fund Balance
Unrestricted Net Assets$43,751$156,777▲ $113,026
Total Net Assets Fund Balance$43,751$156,777▲ $113,026
Total Liabilities and Net Assets / Fund Balance$56,251$163,777▲ $107,526

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$20,105--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$164,168
Program Service Revenue
$158,703
Investment Income
$0
Other Revenue
$49,017
All Other Contributions
$34,060
Change in Net Assets
$113,026

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$13,000Fair Market Value (FMV)
Works of Art2$5,000Fair Market Value (FMV)
Other Non Cash Contri Table1$4,788Fair Market Value (FMV)
Other Non Cash Contri Table1$3,390-
Other Non Cash Contri Table1$3,236Fair Market Value (FMV)
Total Noncash Contributions6$29,414-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$250,587
Grants and Similar Amounts Paid$8,275
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$87,677$6,615-$94,292
Insurance$64,455--$64,455
Office Expenses$25,203$2,846-$28,049
Travel$450$16,944-$17,394
Grants to Domestic Individuals$8,275--$8,275
Fees for Services Accounting-$7,050-$7,050
Other Expenses$30,000$5,650-$5,650
Information Technology-$3,397-$3,397
Advertising-$300-$300
Total Functional Expenses$216,060$42,802$0$258,862
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$162,477
Fundraising Direct Expenses$113,460
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$279,175$155,027$29,939$125,088
Corp. Kick Off$13,410$7,450-$7,450
Total Events$292,585$162,477$113,460$49,017
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

Once the first draft OF the 990 is complete, it will be presented to the board for review and BCA Watson Rice will be made available to answer questions.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers, directors, trustees, key employees are required to disclose annually interests that could give rise to conflicts. Conflict of Interest form is signed by each OF THEM annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

These documents are made available upon request at our office.

Filing and Contact Details

Filer

Filer Name
Dominican Day Parade Inc
EIN
47-3537708
Address
5030 Broadway, New York, NY 10034

Signing Officer

Name
Maria Khury
Title
Chairperson
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maria Khury
Formed
2015
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
50

Preparer

Firm
Bca Watson Rice Llp
Address
5 PENN PLAZA 15TH FL, NEW YORK, NY 10001-1810
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Corporation has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States, with no cumulative effect adjustment required. Income tax benefits are recgonized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2016.

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IRS990/MissionDesc0The Dominican Day Parade, Inc. (DDP) is a non-profit organization 501(c)3, non-partisan organization that organizes the annual parade in NYC and festivities. The organization strives to provide an understanding of the heritage and contributions of the Dominican community in America and throughout the world. The mission of the Dominican Day Parade, Inc. is to celebrate the richness of the Dominican culture, folklore and popular traditions.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Provided 17 scholarships to students of Dominican heritage.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation has evaluated the recognition requirements for uncertain income tax positions as required by accounting principles generally accepted in the United States, with no cumulative effect adjustment required. Income tax benefits are recgonized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Accordingly, the Corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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