Civic Intelligence

Dominican Day Parade Inc

990 • Fiscal year 2017 • EIN 47-3537708

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

1872 Lexington Ave Box 265New York, NY 10035

(347) 637-8754

Siviq Scores

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

Liabilities / Assets

67th percentile

0.01x

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

2017 filings • NTEE A23 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.01x

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

2017 filings • NTEE A23 • <$500k nonprofits • Source year 2017

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2017 filings • NTEE A23 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2017 filings • NTEE A23 • <$500k nonprofits • Source year 2017

Asset Growth

86th percentile

76%

Faster asset growth than 86% of similar nonprofits.

2017 filings • NTEE A23 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

53rd percentile

-0.2%

Faster revenue growth than 53% of similar nonprofits.

2017 filings • NTEE A23 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$288,357

Up $124,580 (+76%) from 2016

Net Assets

Up

$284,543

Up $127,766 (+81%) from 2016

Liabilities

Down

$3,814

Down $3,186 (-46%) from 2016

Revenue

Down

$371,306

Down $582 (-0.2%) from 2016

Expenses

Down

$243,540

Down $15,322 (-5.9%) from 2016

Net Income

Up

$127,766

Up $14,740 (+13%) from 2016

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

2017

Assets$288,357
Liabilities$3,814
Net Assets$284,543

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

2017

Revenue$371,306
Expenses$243,540
Net Income$127,766
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.2
Gross Receipts
$402,796
Mission and Program Overview

Mission

See organization mission schedule o

See organization mission on schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$111,563$253,503▲ $141,940
Accounts Receivable$32,109$24,849▼ $7,260
Total Assets$163,777$288,357▲ $124,580
Other Assets Total$20,105$10,005▼ $10,100
Liabilities
Accounts Payable and Accrued Expenses$7,000$3,814▼ $3,186
Total Liabilities$7,000$3,814▼ $3,186
Net Assets / Fund Balance
Unrestricted Net Assets$156,777$284,543▲ $127,766
Total Net Assets Fund Balance$156,777$284,543▲ $127,766
Total Liabilities and Net Assets / Fund Balance$163,777$288,357▲ $124,580

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,900--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Estela VazquezArts Committee Co-chair
Maria KhuryChair
Bienvenido FajardoChair Audit Committee
Ramona HernandezCo-chair
Wilton CedenoDevelopment Committee Chair
Silvio Torres-saillantScholarship Committee Co-chair
Leonardo Ivan Dominguez1st Vice President
Angela FernandezMember
Bertha MatosMember
Rudy FuentesMember
Maria OsorioSecretary
Maria LizardoSpokeperson
Henry GarridoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$168,406
Program Service Revenue
$135,069
Investment Income
$0
Other Revenue
$67,831
All Other Contributions
$46,490
Change in Net Assets
$127,766

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$15,500Fair Market Value (FMV)
Other Non Cash Contri Table1$6,100Fair Market Value (FMV)
Other Non Cash Contri Table1$5,000Fair Market Value (FMV)
Other Non Cash Contri Table1$4,500Fair Market Value (FMV)
Total Noncash Contributions4$31,100-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$218,540
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$51,819$0$0$51,819
Insurance$42,384$0$0$42,384
All Other Expenses$25,052$0$0$25,052
Grants to Domestic Individuals$25,000--$25,000
Occupancy$22,450$0$0$22,450
Travel$10,100$0$0$10,100
Office Expenses$0$9,784$0$9,784
Fees for Services Accounting$0$7,000$0$7,000
Advertising$0$4,157$0$4,157
Information Technology$0$3,986$0$3,986
Total Functional Expenses$217,824$25,716$0$243,540
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$99,321
Fundraising Direct Expenses$31,490
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$206,126$99,321-$99,321
Fundraisers$15,111---
Total Events$221,237$99,321$31,490$67,831
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Filing and Contact Details

Filer

Filer Name
Dominican Day Parade Inc
EIN
47-3537708
Phone
3476378754
Address
1872 LEXINGTON AVE BOX 265, NEW YORK, NY 10035

Signing Officer

Name
Maria Khury
Title
President
Phone
3476378754
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maria Khury
Formed
2015
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
40

Preparer

Firm
Robert B Tejeda CPA PC
Address
1324 E Gun Hill Rd, BRONX, NY 10469
Preparer
Robert Tejeda CPA
Phone
9173634339
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

These documents are available upon request at our office

Pt VI, Line 11B

Once the first draft of the 990 is complete, it will be presented to the board for review and robert tejeda, cpa will be available to answer questions.

Pt VI, Line 12C

Officers, directors, trustees, key employees are required to disclose annualy interest that could rise to conflicts. Conflict of interest form and confidentiality forms are signed by each officer annually.

Pt VI, Line 19

These documents are made available upon request at our office.

Other

Form 990, part iii, line i.- the 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 and understanding of lthe heritage and contributions of the dominican community in america and throughout the world. The mission of lthe dominican day parade, inc. Is to celebrate the richness of lthe dominican culture, folklore and popular traditions.

Financial Statement Notes

Pt X, Line 2

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 recognized 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 tax positons at december 31, 2017.

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SIGNED MEMORABILIA
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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 RECOGNIZED 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 TAX POSITONS AT DECEMBER 31, 2017.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A SCHOLARSHIP COMMITTEE THAT RECEIVES APPLICATIONS AND ESSAYS FROM CANDIDATES AND THE COMMITEE OF 5 MEMBERS REVIEWS, DECIDES AND VOTES TO SELECT THE GRANTEES.
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2TRANSPORTATION
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3HOTEL VOUCHERS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONCE THE FIRST DRAFT OF THE 990 IS COMPLETE, IT WILL BE PRESENTED TO THE BOARD FOR REVIEW AND ROBERT TEJEDA, CPA WILL BE AVAILABLE TO ANSWER QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALY INTEREST THAT COULD RISE TO CONFLICTS. CONFLICT OF INTEREST FORM AND CONFIDENTIALITY FORMS ARE SIGNED BY EACH OFFICER ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT OUR OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART III, LINE I.- THE 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 AND UNDERSTANDING OF LTHE HERITAGE AND CONTRIBUTIONS OF THE DOMINICAN COMMUNITY IN AMERICA AND THROUGHOUT THE WORLD. THE MISSION OF LTHE DOMINICAN DAY PARADE, INC. IS TO CELEBRATE THE RICHNESS OF LTHE DOMINICAN CULTURE, FOLKLORE AND POPULAR TRADITIONS.
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IRS990/USAddress/AddressLine1Txt01872 LEXINGTON AVE BOX 265
IRS990/USAddress/CityNm0NEW YORK
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