Civic Intelligence

Phoenicia Forge Art Center Ltd

990 • Fiscal year 2015 • EIN 51-0165607

Jan 01, 2015 to Dec 31, 2015 • Filed on May 02, 2016

740 Woodland Valley RoadPhoenicia, NY 12464

(845) 688-5773

Siviq Scores

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

Liabilities / Assets

89th percentile

0.72x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

1.16x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Net Margin

85th percentile

28%

Higher net margin than 85% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Asset Growth

71st percentile

21%

Faster asset growth than 71% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

0.0%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$7,362

Up $1,287 (+21%) from 2014

Net Assets

Up

$2,070

Up $1,287 (+164%) from 2014

Liabilities

Flat

$5,292

Flat from 2014

Revenue

Flat

$4,573

Flat from 2014

Expenses

Up

$3,286

Up $887 (+37%) from 2014

Net Income

Down

$1,287

Down $887 (-41%) from 2014

Historical Trend

Balance Sheet Trend

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

$15K$10K$5.0K$0-$5.0K-$10KAssets 2010: $2,956Liabilities 2010: $5,968Net Assets 2010: -$3,0122010Assets 2011: $3,034Liabilities 2011: $8,468Net Assets 2011: -$5,4342011Assets 2012: $4,252Liabilities 2012: $8,054Net Assets 2012: -$3,8022012Assets 2013: $4,625Liabilities 2013: $6,016Net Assets 2013: -$1,3912013Assets 2014: $6,075Liabilities 2014: $5,292Net Assets 2014: $7832014Assets 2015: $7,362Liabilities 2015: $5,292Net Assets 2015: $2,0702015Assets 2016: $9,154Liabilities 2016: $5,292Net Assets 2016: $3,8622016Assets 2017: $11,253Liabilities 2017: $5,292Net Assets 2017: $5,9612017Assets 2018: $3,254Liabilities 2018: $0Net Assets 2018: $3,2542018Assets 2019: $9,387Liabilities 2019: $0Net Assets 2019: $9,3872019Assets 2020: $9,524Liabilities 2020: $02020

Highlighted filing

2015

Assets$7,362
Liabilities$5,292
Net Assets$2,070

Operations Trend

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

$20K$10K$0-$10KExpenses 2010: $2,7692010Expenses 2011: $3,4272011Revenue 2012: $3,880Expenses 2012: $2,248Net Income 2012: $1,6322012Revenue 2013: $4,574Expenses 2013: $2,163Net Income 2013: $2,4112013Revenue 2014: $4,573Expenses 2014: $2,399Net Income 2014: $2,1742014Revenue 2015: $4,573Expenses 2015: $3,286Net Income 2015: $1,2872015Revenue 2016: $7,347Expenses 2016: $5,555Net Income 2016: $1,7922016Revenue 2017: $7,695Expenses 2017: $5,596Net Income 2017: $2,0992017Revenue 2018: $6,647Expenses 2018: $9,354Net Income 2018: -$2,7072018Revenue 2019: $19,657Expenses 2019: $13,524Net Income 2019: $6,1332019Revenue 2020: $3,573Expenses 2020: $3,666Net Income 2020: -$932020

Highlighted filing

2015

Revenue$4,573
Expenses$3,286
Net Income$1,287
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 2, 2016
Return Version
2015v2.1
Gross Receipts
$4,573
Mission and Program Overview

Mission

CULTURAL ADVANCEMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,506$4,781▲ $1,275
Savings and Temporary Cash Investments$2,569$2,581▲ $12
Total Assets$6,075$7,362▲ $1,287
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,292$5,292→ $0
Total Liabilities$5,292$5,292→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$783$2,070▲ $1,287
Total Net Assets Fund Balance$783$2,070▲ $1,287
Total Liabilities and Net Assets / Fund Balance$6,075$7,362▲ $1,287
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doris MorehouseBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13
Other Revenue
$4,560
Change in Net Assets
$1,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$1,175-$1,175
Fees for Services Accounting-$300-$300
Other Expenses$22--$22
Total Functional Expenses$1,811$1,475$0$3,286
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Phoenicia Forge Art Center Ltd
EIN
51-0165607
Address
740 WOODLAND VALLEY ROAD, PHOENICIA, NY 12464

Signing Officer

Name
Doris Morehouse
Title
Board Member
Phone
8456885773
Signed
2016-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doris Morehouse
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Berardi Gottstine & Miller Cpas
Address
PO BOX 5030, KINGSTON, NY 12402
Preparer
William F Berardi
Phone
8453381619
Raw XML Appendix240 raw XML fields

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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ReturnHeader/TaxYr02015

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Filings