Civic Intelligence

Discovering Amistad Inc

990 • Fiscal year 2021 • EIN 47-4702508

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

129 Church Street Suite 521New Haven, CT 06510

(203) 975-8830

Siviq Scores

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

Liabilities / Assets

71st percentile

0.16x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.48x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

22nd percentile

-4.5%

Higher net margin than 22% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

17th percentile

-4.8%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-38%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$995,774

Down $50,281 (-4.8%) from 2020

Net Assets

Down

$836,693

Down $14,832 (-1.7%) from 2020

Liabilities

Down

$159,081

Down $35,449 (-18%) from 2020

Revenue

Down

$330,263

Down $205,220 (-38%) from 2020

Expenses

Down

$345,095

Down $308,886 (-47%) from 2020

Net Income

Up

-$14,832

Up $103,666 (+87%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,056,631Liabilities 2016: $180,556Net Assets 2016: $876,0752016Assets 2017: $1,046,836Liabilities 2017: $38,342Net Assets 2017: $1,008,4942017Assets 2018: $936,636Liabilities 2018: $33,186Net Assets 2018: $903,4502018Assets 2019: $1,050,397Liabilities 2019: $80,374Net Assets 2019: $970,0232019Assets 2020: $1,046,055Liabilities 2020: $194,530Net Assets 2020: $851,5252020Assets 2021: $995,774Liabilities 2021: $159,081Net Assets 2021: $836,6932021Assets 2022: $929,483Liabilities 2022: $50,733Net Assets 2022: $878,7502022Assets 2023: $923,916Liabilities 2023: $121,182Net Assets 2023: $802,7342023Assets 2024: $1,934,942Liabilities 2024: $845,086Net Assets 2024: $1,089,8562024

Highlighted filing

2021

Assets$995,774
Liabilities$159,081
Net Assets$836,693

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $1,026,870Expenses 2016: $150,795Net Income 2016: $876,0752016Revenue 2017: $598,553Expenses 2017: $466,134Net Income 2017: $132,4192017Revenue 2018: $458,324Expenses 2018: $584,506Net Income 2018: -$126,1822018Revenue 2019: $729,466Expenses 2019: $662,893Net Income 2019: $66,5732019Revenue 2020: $535,483Expenses 2020: $653,981Net Income 2020: -$118,4982020Revenue 2021: $330,263Expenses 2021: $345,095Net Income 2021: -$14,8322021Revenue 2022: $784,565Expenses 2022: $734,708Net Income 2022: $49,8572022Revenue 2023: $750,135Expenses 2023: $826,151Net Income 2023: -$76,0162023Revenue 2024: $1,233,866Expenses 2024: $946,744Net Income 2024: $287,1222024

Highlighted filing

2021

Revenue$330,263
Expenses$345,095
Net Income-$14,832
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.0
Gross Receipts
$330,263
Mission and Program Overview

Mission

Discovering amistad, inc. Is a nonprofit educational organization that will provide full-year programming on its tall ship, the amistad, as well as in classrooms and at historic sites of partner organizations. It will enable children and adults in connecticut and the region to discover the story of the amistad and its impact on connecticut and the nation. Importantly, the organization will provide learning opportunities for children and adults to discover the relevance of the amistad to today's world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$745,796$682,787▼ $63,009
Cash and Non-Interest-Bearing Accounts$127,132$303,557▲ $176,425
Prepaid Expenses and Deferred Charges$3,477$9,180▲ $5,703
Pledges and Grants Receivable$169,650$250▼ $169,400
Total Assets$1,046,055$995,774▼ $50,281
Liabilities
Other Liabilities$101,592$75,652▼ $25,940
Accounts Payable and Accrued Expenses$57,938$48,429▼ $9,509
Deferred Revenue$35,000$35,000→ $0
Total Liabilities$194,530$159,081▼ $35,449
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$851,525$836,693▼ $14,832
Total Net Assets Fund Balance$851,525$836,693▼ $14,832
Total Liabilities and Net Assets / Fund Balance$1,046,055$995,774▼ $50,281

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$682,787$302,712$985,499
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$322,438
Program Service Revenue
$7,825
Investment Income
$0
Other Revenue
$0
All Other Contributions
$58,582
Change in Net Assets
$-14,832

Audited Revenue Reconciliation

Revenue per Audited Statements
$330,263
Total Revenue per Audited Statements
$330,263
Total Revenue per Form 990
$330,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,856
Salaries, Compensation, and Employee Benefits$131,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$103,494$11,499-$114,993
Depreciation Depletion$67,689--$67,689
Fees for Services Other$32,339$11,184-$43,523
Advertising$13,593--$13,593
Insurance$11,264$1,252-$12,516
Occupancy$11,945$386-$12,331
Payroll Taxes$10,835$1,204-$12,039
Fees for Services Accounting-$10,300-$10,300
Office Expenses$8,310$924-$9,234
Other Employee Benefits$3,786$421-$4,207
Other Expenses$2,797--$2,797
Travel$402$45-$447
Interest$170$19-$189
Total Functional Expenses$307,861$37,234$0$345,095

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$345,095
Total Expenses per Audited Statements$345,095
Total Expenses per Form 990$345,095
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$75,652
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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, Page 6, Part VI, Line 11B

A copy of form 990 is reviewed in detail by the board chair and board treasurer. After their review and prior to filing the return with the internal revenue service, a copy is provided to the board of directors.

Form 990, Page 6, Part VI, Line 12C

Each member of the board of directors will, on an annual basis, complete and sign a conflict of interest disclosure form. If a potential conflict of interest were to arise, the board member with the conflict would not take part in the discussions or decision making related to that conflict.

Form 990, Page 6, Part VI, Line 15A

The executive director function of the organization is fulfilled by the board chair and other members of the board of directors. These individuals are volunteers and do not receive compensation from the organization.

Form 990, Page 6, Part VI, Line 15B

The other officers and key employee functions of the organization are fulfilled by the board chair and other members of the board of directors. These individuals are volunteers and do not receive compensation from the organization.

Form 990, Page 6, Part VI, Line 19

All governing documents are made available upon request within a reasonable amount of time.

Filing and Contact Details

Filer

Filer Name
Discovering Amistad Inc
EIN
47-4702508
Phone
2039758830
Address
129 CHURCH STREET SUITE 521, NEW HAVEN, CT 06510

Signing Officer

Name
Dannell R Lyne
Title
Treasurer
Phone
2039758830
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin Hogen
Formed
2015
Legal Domicile
Ct
Voting Board Members
19
Independent Board Members
19
Employees
22

Preparer

Firm
Guilmartin Dipiro & Sokolowski LLC
Address
505 MAIN ST, MIDDLETOWN, CT 06457-2809
Preparer
Christopher B Conley
Phone
8603475689
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Discovering amistad, inc. Is a nonprofit educational organization that will provide full-year programming on its tall ship, the amistad, as well as in classrooms and at historic sites of partner organizations. It will enable children and adults in connecticut and the region to discover the story of the amistad and its impact on connecticut and the nation. Importantly, the organization will provide learning opportunities for children and adults to discover the relevance of the amistad to today's world.

Form 990, Part IX, Line 11G

Professional/educational fees 26,474 11,184 0 outside contractors 5,865 0 0 total 32,339 11,184 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has received exemption from federal income tax under section 501(c)(3) of the internal revenue code. The organization has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). Management has reviewed the organization's reporting and believe they have not taken tax positions that are more likely than not to be determined to be incorrect by the internal revenue service and therefore no adjustments or disclosures are required. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods pending or in progress.

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IRS990/MissionDesc0DISCOVERING AMISTAD, INC. IS A NONPROFIT EDUCATIONAL ORGANIZATION THAT WILL PROVIDE FULL-YEAR PROGRAMMING ON ITS TALL SHIP, THE AMISTAD, AS WELL AS IN CLASSROOMS AND AT HISTORIC SITES OF PARTNER ORGANIZATIONS. IT WILL ENABLE CHILDREN AND ADULTS IN CONNECTICUT AND THE REGION TO DISCOVER THE STORY OF THE AMISTAD AND ITS IMPACT ON CONNECTICUT AND THE NATION. IMPORTANTLY, THE ORGANIZATION WILL PROVIDE LEARNING OPPORTUNITIES FOR CHILDREN AND ADULTS TO DISCOVER THE RELEVANCE OF THE AMISTAD TO TODAY'S WORLD.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS RECEIVED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). MANAGEMENT HAS REVIEWED THE ORGANIZATION'S REPORTING AND BELIEVE THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE INTERNAL REVENUE SERVICE AND THEREFORE NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISCOVERING AMISTAD, INC. IS A NONPROFIT EDUCATIONAL ORGANIZATION THAT WILL PROVIDE FULL-YEAR PROGRAMMING ON ITS TALL SHIP, THE AMISTAD, AS WELL AS IN CLASSROOMS AND AT HISTORIC SITES OF PARTNER ORGANIZATIONS. IT WILL ENABLE CHILDREN AND ADULTS IN CONNECTICUT AND THE REGION TO DISCOVER THE STORY OF THE AMISTAD AND ITS IMPACT ON CONNECTICUT AND THE NATION. IMPORTANTLY, THE ORGANIZATION WILL PROVIDE LEARNING OPPORTUNITIES FOR CHILDREN AND ADULTS TO DISCOVER THE RELEVANCE OF THE AMISTAD TO TODAY'S WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS REVIEWED IN DETAIL BY THE BOARD CHAIR AND BOARD TREASURER. AFTER THEIR REVIEW AND PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE, A COPY IS PROVIDED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER OF THE BOARD OF DIRECTORS WILL, ON AN ANNUAL BASIS, COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM. IF A POTENTIAL CONFLICT OF INTEREST WERE TO ARISE, THE BOARD MEMBER WITH THE CONFLICT WOULD NOT TAKE PART IN THE DISCUSSIONS OR DECISION MAKING RELATED TO THAT CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR FUNCTION OF THE ORGANIZATION IS FULFILLED BY THE BOARD CHAIR AND OTHER MEMBERS OF THE BOARD OF DIRECTORS. THESE INDIVIDUALS ARE VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OTHER OFFICERS AND KEY EMPLOYEE FUNCTIONS OF THE ORGANIZATION ARE FULFILLED BY THE BOARD CHAIR AND OTHER MEMBERS OF THE BOARD OF DIRECTORS. THESE INDIVIDUALS ARE VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST WITHIN A REASONABLE AMOUNT OF TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL/EDUCATIONAL FEES 26,474 11,184 0 OUTSIDE CONTRACTORS 5,865 0 0 TOTAL 32,339 11,184 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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