Civic Intelligence

Arts Power Inc.

990 • Fiscal year 2014 • EIN 59-2292246

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 12, 2014

9 Sand Park RoadRoom/Suite Ste 607009

(973) 239-0100

Siviq Scores

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

Liabilities / Assets

98th percentile

2.02x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

73rd percentile

0.39x

Higher debt load relative to revenue than 73% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

96th percentile

115%

Faster asset growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

50th percentile

3.5%

Faster revenue growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Assets

Up

$229,357

Up $122,695 (+115%) from 2013

Net Assets

Up

-$234,737

Up $178,432 (+43%) from 2013

Liabilities

Down

$464,094

Down $55,737 (-11%) from 2013

Revenue

$1,204,126

No earlier filing loaded for comparison.

Expenses

Up

$1,025,694

Up $62,083 (+6.4%) from 2013

Net Income

$178,432

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $136,664Liabilities 2011: $535,154Net Assets 2011: -$398,4902011Assets 2012: $72,522Liabilities 2012: $476,727Net Assets 2012: -$404,2052012Assets 2013: $106,662Liabilities 2013: $519,831Net Assets 2013: -$413,1692013Assets 2014: $229,357Liabilities 2014: $464,094Net Assets 2014: -$234,7372014Assets 2015: $252,107Liabilities 2015: $491,226Net Assets 2015: -$239,1192015Assets 2016: $215,421Liabilities 2016: $354,870Net Assets 2016: -$139,4492016Assets 2017: $221,217Liabilities 2017: $383,901Net Assets 2017: -$162,6842017Assets 2019: $137,031Liabilities 2019: $312,608Net Assets 2019: -$175,5772019Assets 2020: $89,604Liabilities 2020: $257,754Net Assets 2020: -$168,1502020Assets 2021: $138,048Liabilities 2021: $208,462Net Assets 2021: -$70,4142021Assets 2023: $72,458Liabilities 2023: $49,362Net Assets 2023: $23,0962023Assets 2024: $44,377Liabilities 2024: $29,631Net Assets 2024: $14,7462024

Highlighted filing

2014

Assets$229,357
Liabilities$464,094
Net Assets-$234,737

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,086,826Expenses 2011: $1,086,832Net Income 2011: -$62011Expenses 2012: $1,079,7432012Expenses 2013: $963,6112013Revenue 2014: $1,204,126Expenses 2014: $1,025,694Net Income 2014: $178,4322014Revenue 2015: $1,025,025Expenses 2015: $1,029,407Net Income 2015: -$4,3822015Revenue 2016: $1,102,824Expenses 2016: $1,003,154Net Income 2016: $99,6702016Revenue 2017: $1,059,631Expenses 2017: $1,082,866Net Income 2017: -$23,2352017Revenue 2019: $940,857Expenses 2019: $938,761Net Income 2019: $2,0962019Revenue 2020: $700,940Expenses 2020: $693,513Net Income 2020: $7,4272020Revenue 2021: $324,016Expenses 2021: $226,281Net Income 2021: $97,7352021Revenue 2023: $216,268Expenses 2023: $396,131Net Income 2023: -$179,8632023Revenue 2024: $58,109Expenses 2024: $66,459Net Income 2024: -$8,3502024

Highlighted filing

2014

Revenue$1,204,126
Expenses$1,025,694
Net Income$178,432
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$1,237,525
Mission and Program Overview

Mission

The primary mission of artspower is to improve the lives of young people with compelling, literature-based, professional theatre that challenges their intellect, encourages compassion and understanding and ignites their desire to read.

The primary mission of artspower is to improve the lives of young people with compelling, literature-based, professional theatre that challenges their intellect, encourages compassion and understanding, and ignites their desire to read.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$37,860$93,401▲ $55,541
Land, Buildings, and Equipment, Net$59,075$78,625▲ $19,550
Cash and Non-Interest-Bearing Accounts$1,752$32,277▲ $30,525
Accounts Receivable-$8,254-
Pledges and Grants Receivable-$8,000-
Prepaid Expenses and Deferred Charges-$4,500-
Total Assets$106,662$229,357▲ $122,695
Other Assets Total$7,975$4,300▼ $3,675
Liabilities
Accounts Payable and Accrued Expenses$371,371$321,051▼ $50,320
Mortgage Notes Payable Secured by Investment Property$124,210$97,093▼ $27,117
Deferred Revenue$24,250$45,950▲ $21,700
Total Liabilities$519,831$464,094▼ $55,737
Net Assets / Fund Balance
Temporarily Rstr Net Assets$87,203$110,009▲ $22,806
Unrestricted Net Assets$-500,372$-344,746▲ $155,626
Total Net Assets Fund Balance$-413,169$-234,737▲ $178,432
Total Liabilities and Net Assets / Fund Balance$106,662$229,357▲ $122,695

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$78,625$292,928$371,553
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark a BlackmanCo-directorFT$81,700$600$82,300
Gary W BlackmanCo-directorFT$75,500$600$76,100

Board Members and Trustees

NameTitle
Stuart D LiebmanPresident
Dominique GerardTrustee
Jodi NussbaumTrustee
Mindy PropperTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$297,270
Program Service Revenue
$904,183
Investment Income
$-831
Other Revenue
$3,504
All Other Contributions
$253,045
Change in Net Assets
$178,432

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 Amount
Other Non Cash Contri Table1$69,152
Total Noncash Contributions1$69,152

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,204,126
Total Revenue per Audited Statements
$1,204,126
Total Revenue per Form 990
$1,204,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$720,622
Other Expenses$305,072
Total Fundraising Expense$51,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$409,018$46,658$31,105$486,781
Current Officers, Directors, Trustees, and Key Employees$133,048$15,212$10,140$158,400
Payroll Taxes$52,672$7,901$5,267$65,840
Occupancy$49,632$13,896$600$64,128
Royalties$61,184--$61,184
Depreciation Depletion$27,086--$27,086
Insurance$19,150$2,394$2,394$23,938
Office Expenses$4,796$11,880$773$17,449
Fees for Services Other$11,126$1,286$768$13,180
Other Expenses$9,240--$9,240
Fees for Services Accounting-$8,379-$8,379
Travel$8,101--$8,101
Pension Plan Contributions$4,519$678$452$5,649
Interest-$5,370-$5,370
Other Employee Benefits$3,162$474$316$3,952
Information Technology$3,914--$3,914
Advertising$1,958--$1,958
Conferences and Meetings$775$30-$805
Total Functional Expenses$859,721$114,158$51,815$1,025,694

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,025,694
Total Expenses per Audited Statements$1,025,694
Total Expenses per Form 990$1,025,694
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
Annual disclosure for covered persons
Yes
Audit committee
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
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, Page 6, Part VI, Line 2

Artspower artspower director director gary and mark are brothers

Form 990, Page 6, Part VI, Line 11B

The co-director's perform a detailed review of the form 990 and present it to the board for comment before filing. The board is asked to review arspower's form 990 and to provide feedback about the completeness and accuracy of the information on the form, most notably the core part of the form. The board members are asked to look for things that stand out, ensure that disclosures are provided where required, verify the information on the form, and make sure disclosures are clear and understandable to someone with little or no knowledge about the organization.

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

Any possible conflicts of interest are brought to the borad's attention and discussed. If there is any sense that any business action is in conflict with the interests of an individual at artspower, or with the organization as a whole, we will vote on that action in order to document that we recognized a conflict of interest and ceased moving forward on that action.

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

The compensation of artspower's co-directors are presented to the board president, stuart leibman, who discusses the proposed compensation with the other members of the board. The co-directors are excused from the board meetings when their compensation is considered and reviewed. The board (excluding the co-directors) vote to approve or disapprove the compensation levels proposed by the board president.

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

The organization does not have compensated officers besides the founding co-directors, nor does it have key employees.

Form 990, Page 6, Part VI, Line 19

Inspection of governing documents, conflict of interest, and financial statements are available to the public upon request, at artspower's office

Filing and Contact Details

Filer

EIN
59-2292246
Phone
9732390100

Signing Officer

Name
Mark Blackman
Title
Co-director
Phone
9732390100
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Blackman
Formed
1985
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
3
Employees
43
Volunteers
2

Preparer

Preparer
William J Arnold
Phone
9737448660
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary mission of artspower is to improve the lives of young people with compelling, literature-based, professional theatre that challenges their intellect, encourages compassion and understanding, and ignites their desire to read.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY MISSION OF ARTSPOWER IS TO IMPROVE THE LIVES OF YOUNG PEOPLE WITH COMPELLING, LITERATURE-BASED, PROFESSIONAL THEATRE THAT CHALLENGES THEIR INTELLECT, ENCOURAGES COMPASSION AND UNDERSTANDING, AND IGNITES THEIR DESIRE TO READ.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARTSPOWER ARTSPOWER DIRECTOR DIRECTOR GARY AND MARK ARE BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CO-DIRECTOR'S PERFORM A DETAILED REVIEW OF THE FORM 990 AND PRESENT IT TO THE BOARD FOR COMMENT BEFORE FILING. THE BOARD IS ASKED TO REVIEW ARSPOWER'S FORM 990 AND TO PROVIDE FEEDBACK ABOUT THE COMPLETENESS AND ACCURACY OF THE INFORMATION ON THE FORM, MOST NOTABLY THE CORE PART OF THE FORM. THE BOARD MEMBERS ARE ASKED TO LOOK FOR THINGS THAT STAND OUT, ENSURE THAT DISCLOSURES ARE PROVIDED WHERE REQUIRED, VERIFY THE INFORMATION ON THE FORM, AND MAKE SURE DISCLOSURES ARE CLEAR AND UNDERSTANDABLE TO SOMEONE WITH LITTLE OR NO KNOWLEDGE ABOUT THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY POSSIBLE CONFLICTS OF INTEREST ARE BROUGHT TO THE BORAD'S ATTENTION AND DISCUSSED. IF THERE IS ANY SENSE THAT ANY BUSINESS ACTION IS IN CONFLICT WITH THE INTERESTS OF AN INDIVIDUAL AT ARTSPOWER, OR WITH THE ORGANIZATION AS A WHOLE, WE WILL VOTE ON THAT ACTION IN ORDER TO DOCUMENT THAT WE RECOGNIZED A CONFLICT OF INTEREST AND CEASED MOVING FORWARD ON THAT ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF ARTSPOWER'S CO-DIRECTORS ARE PRESENTED TO THE BOARD PRESIDENT, STUART LEIBMAN, WHO DISCUSSES THE PROPOSED COMPENSATION WITH THE OTHER MEMBERS OF THE BOARD. THE CO-DIRECTORS ARE EXCUSED FROM THE BOARD MEETINGS WHEN THEIR COMPENSATION IS CONSIDERED AND REVIEWED. THE BOARD (EXCLUDING THE CO-DIRECTORS) VOTE TO APPROVE OR DISAPPROVE THE COMPENSATION LEVELS PROPOSED BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT HAVE COMPENSATED OFFICERS BESIDES THE FOUNDING CO-DIRECTORS, NOR DOES IT HAVE KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INSPECTION OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST, AT ARTSPOWER'S OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARK BLACKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09732390100
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10ARTSPOWER INC
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ReturnHeader/Filer/PhoneNum09732390100
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