Civic Intelligence

Arts Power Inc.

990 • Fiscal year 2016 • EIN 59-2292246

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 28, 2016

9 Sand Park RoadCedar Grove, NJ 07009

(973) 239-0100

Siviq Scores

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

Liabilities / Assets

97th percentile

1.65x

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

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.32x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Net Margin

64th percentile

9.0%

Higher net margin than 64% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

70th percentile

$95,400

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Asset Growth

9th percentile

-15%

Faster asset growth than 9% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

61st percentile

7.6%

Faster revenue growth than 61% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$215,421

Down $36,686 (-15%) from 2015

Net Assets

Up

-$139,449

Up $99,670 (+42%) from 2015

Liabilities

Down

$354,870

Down $136,356 (-28%) from 2015

Revenue

Up

$1,102,824

Up $77,799 (+7.6%) from 2015

Expenses

Down

$1,003,154

Down $26,253 (-2.6%) from 2015

Net Income

Up

$99,670

Up $104,052 (+2375%) from 2015

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

2016

Assets$215,421
Liabilities$354,870
Net Assets-$139,449

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

2016

Revenue$1,102,824
Expenses$1,003,154
Net Income$99,670
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 28, 2016
Return Version
2015v2.1
Gross Receipts
$1,102,824
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$138,292$113,991▼ $24,301
Savings and Temporary Cash Investments$91,164$35,025▼ $56,139
Cash and Non-Interest-Bearing Accounts$8,501$24,149▲ $15,648
Pledges and Grants Receivable$1,500$15,784▲ $14,284
Accounts Receivable$8,350$13,322▲ $4,972
Prepaid Expenses and Deferred Charges-$8,850-
Total Assets$252,107$215,421▼ $36,686
Other Assets Total$4,300$4,300→ $0
Liabilities
Accounts Payable and Accrued Expenses$292,179$159,201▼ $132,978
Mortgage Notes Payable Secured by Investment Property$144,797$140,669▼ $4,128
Deferred Revenue$54,250$55,000▲ $750
Total Liabilities$491,226$354,870▼ $136,356
Net Assets / Fund Balance
Temporarily Rstr Net Assets$109,509$44,675▼ $64,834
Unrestricted Net Assets$-348,628$-184,124▲ $164,504
Total Net Assets Fund Balance$-239,119$-139,449▲ $99,670
Total Liabilities and Net Assets / Fund Balance$252,107$215,421▼ $36,686

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$113,991$315,818$429,809
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark BlackmanCo DirectorFT$87,450$7,950$95,400
Gary BlackmanCo DirectorFT$76,850$7,950$84,800

Board Members and Trustees

NameTitle
Stuart LiebmanBoard Presid
Jodi NussbaumTrustee
Mindy PropperTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$133,436
Program Service Revenue
$853,526
Investment Income
$76
Other Revenue
$115,786
All Other Contributions
$72,014
Change in Net Assets
$99,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,102,824
Total Revenue per Audited Statements
$1,102,824
Total Revenue per Form 990
$1,102,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$578,507
Other Expenses$424,647
Total Fundraising Expense$67,289
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,776$22,133-$337,909
Current Officers, Directors, Trustees, and Key Employees$60,420$53,976$57,854$172,250
Royalties$65,327--$65,327
Payroll Taxes$60,561$1,912$1,275$63,748
Occupancy$45,057$11,220-$56,277
Insurance$25,164$3,146$3,145$31,455
Depreciation Depletion$31,011--$31,011
Fees for Services Other$17,231$6,595$1,413$25,239
Office Expenses$5,972$4,263$668$10,903
All Other Expenses$5,186$1,762$898$7,846
Interest$5,777$551$551$6,879
Fees for Services Accounting-$5,500-$5,500
Other Employee Benefits$2,990$460$1,150$4,600
Advertising$3,640--$3,640
Other Expenses$2,679$335$335$3,349
Travel$1,944--$1,944
Total Functional Expenses$818,846$117,019$67,289$1,003,154

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,003,154
Total Expenses per Audited Statements$1,003,154
Total Expenses per Form 990$1,003,154
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

Mark blackman gary blackman co-director co-director mark & gary 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 artspower's form 990 and to provide feedback about the completness and accuracy of the information on the form, most notably the core part of the form. The board is 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 undestandable to someone with little or no knowledge about the organazation.

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

Any possible conflicts of interest are brought to the board's attention and discussed. If there is any sense that any business action is in conflict with the interests of an indivdal at artspower or with the organization as a whole, will vote on that action in order to document that the board 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 by the board president who discusses the proposed compensation with the other members of the board. The co-directors are excused from the board meeting when their compensation is considered and revewed. The board (excluding 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

Filer Name
Artspower Inc
EIN
59-2292246
Phone
9732390100
Address
9 SAND PARK ROAD, CEDAR GROVE, NJ 07009

Signing Officer

Name
Mark Blackman
Title
Co Director
Phone
9732390100
Signed
2016-10-28
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
48

Preparer

Firm
John R Mani CPA
Address
206 NEWARK POMPTON TURNPIKE, PEQUANNOCK, NJ 07440
Preparer
John R Mani
Phone
9736940172
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.

Financial Statement Notes

Schedule D, Page 3, Part X

The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income (ubit)). The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2016.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT)). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM A TAX POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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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/ExplanationTxt1MARK BLACKMAN GARY BLACKMAN CO-DIRECTOR CO-DIRECTOR MARK & GARY 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 ARTSPOWER'S FORM 990 AND TO PROVIDE FEEDBACK ABOUT THE COMPLETNESS AND ACCURACY OF THE INFORMATION ON THE FORM, MOST NOTABLY THE CORE PART OF THE FORM. THE BOARD IS 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 UNDESTANDABLE TO SOMEONE WITH LITTLE OR NO KNOWLEDGE ABOUT THE ORGANAZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY POSSIBLE CONFLICTS OF INTEREST ARE BROUGHT TO THE BOARD'S ATTENTION AND DISCUSSED. IF THERE IS ANY SENSE THAT ANY BUSINESS ACTION IS IN CONFLICT WITH THE INTERESTS OF AN INDIVDAL AT ARTSPOWER OR WITH THE ORGANIZATION AS A WHOLE, WILL VOTE ON THAT ACTION IN ORDER TO DOCUMENT THAT THE BOARD RECOGNIZED A CONFLICT OF INTEREST AND CEASED MOVING FORWARD ON THAT ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF ARTSPOWER'S CO-DIRECTORS ARE PRESENTED BY THE BOARD PRESIDENT WHO DISCUSSES THE PROPOSED COMPENSATION WITH THE OTHER MEMBERS OF THE BOARD. THE CO-DIRECTORS ARE EXCUSED FROM THE BOARD MEETING WHEN THEIR COMPENSATION IS CONSIDERED AND REVEWED. THE BOARD (EXCLUDING 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
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARK BLACKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO DIRECTOR
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN R MANI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0206 NEWARK POMPTON TURNPIKE
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN R MANI
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ReturnHeader/ReturnTs02016-11-14T13:16:39-06:00

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