Civic Intelligence

Albany Barn Inc.

990 • Fiscal year 2019 • EIN 74-3186476

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

56 Second StAlbany, NY 12210

(518) 935-4858

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.41x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.09x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Net Margin

27th percentile

-6.8%

Higher net margin than 27% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$50,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Asset Growth

37th percentile

-3.4%

Faster asset growth than 37% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

-0.9%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$77,104

Down $2,751 (-3.4%) from 2018

Net Assets

Down

$45,478

Down $22,510 (-33%) from 2018

Liabilities

Up

$31,626

Up $19,759 (+167%) from 2018

Revenue

Down

$333,144

Down $3,062 (-0.9%) from 2018

Expenses

Up

$355,654

Up $13,471 (+3.9%) from 2018

Net Income

Down

-$22,510

Down $16,533 (-277%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2013: $69,934Liabilities 2013: $0Net Assets 2013: $69,9342013Assets 2014: $111,722Liabilities 2014: $11,306Net Assets 2014: $100,4162014Assets 2015: $112,403Liabilities 2015: $11,306Net Assets 2015: $101,0972015Assets 2016: $112,897Liabilities 2016: $5,526Net Assets 2016: $107,3712016Assets 2017: $83,608Liabilities 2017: $9,643Net Assets 2017: $73,9652017Assets 2018: $79,855Liabilities 2018: $11,867Net Assets 2018: $67,9882018Assets 2019: $77,104Liabilities 2019: $31,626Net Assets 2019: $45,4782019Assets 2020: $110,144Liabilities 2020: $46,634Net Assets 2020: $63,5102020Assets 2021: $100,313Liabilities 2021: $53,757Net Assets 2021: $46,5562021Assets 2022: $99,827Liabilities 2022: $154,309Net Assets 2022: -$54,4822022Assets 2023: $11,376Liabilities 2023: $56,093Net Assets 2023: -$44,7172023Assets 2024: $50,834Liabilities 2024: $87,546Net Assets 2024: -$36,7122024

Highlighted filing

2019

Assets$77,104
Liabilities$31,626
Net Assets$45,478

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $69,630Expenses 2013: $34,418Net Income 2013: $35,2122013Revenue 2014: $151,370Expenses 2014: $124,339Net Income 2014: $27,0312014Revenue 2015: $194,038Expenses 2015: $193,357Net Income 2015: $6812015Revenue 2016: $182,270Expenses 2016: $180,185Net Income 2016: $2,0852016Revenue 2017: $189,652Expenses 2017: $223,058Net Income 2017: -$33,4062017Revenue 2018: $336,206Expenses 2018: $342,183Net Income 2018: -$5,9772018Revenue 2019: $333,144Expenses 2019: $355,654Net Income 2019: -$22,5102019Revenue 2020: $329,155Expenses 2020: $311,123Net Income 2020: $18,0322020Revenue 2021: $415,138Expenses 2021: $432,092Net Income 2021: -$16,9542021Revenue 2022: $314,692Expenses 2022: $415,730Net Income 2022: -$101,0382022Revenue 2023: $587,045Expenses 2023: $577,280Net Income 2023: $9,7652023Revenue 2024: $549,924Expenses 2024: $541,919Net Income 2024: $8,0052024

Highlighted filing

2019

Revenue$333,144
Expenses$355,654
Net Income-$22,510
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.0
Gross Receipts
$342,287
Mission and Program Overview

Mission

Albany Barn is dedicated to providing a sustainable creative arts incubator and community arts center in Arbor Hill a place for artists to live, work and inspire.

Albany Barn is dedicated to providing a sustainable creative arts incubator and community arts center in Albany and Schenectady NY a place for artists to live, work and inspire.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$48,587$59,465▲ $10,878
Land, Buildings, and Equipment, Net$19,948$14,333▼ $5,615
Prepaid Expenses and Deferred Charges$9,833$1,819▼ $8,014
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$79,855$77,104▼ $2,751
Other Assets Total$1,487$1,487→ $0
Liabilities
Deferred Revenue$6,785$23,761▲ $16,976
Other Liabilities$5,082$5,765▲ $683
Accounts Payable and Accrued Expenses-$2,100-
Total Liabilities$11,867$31,626▲ $19,759
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$67,988$45,478▼ $22,510
Total Net Assets Fund Balance$67,988$45,478▼ $22,510
Total Liabilities and Net Assets / Fund Balance$79,855$77,104▼ $2,751

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,587$23,963$25,550
Other Land Buildings$8,242$3,895$12,137
Leasehold Improvements$4,504$496$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristen HollerExecutive DirectorFT$50,000$50,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$206,719
Program Service Revenue
$80,124
Investment Income
$318
Other Revenue
$45,983
All Other Contributions
$204,164
Change in Net Assets
$-22,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,024
Salaries, Compensation, and Employee Benefits$163,630
Total Fundraising Expense$37,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,371$19,790$19,790$98,951
Occupancy$94,713--$94,713
Current Officers, Directors, Trustees, and Key Employees$30,000$10,000$10,000$50,000
Insurance$12,696$3,907-$16,603
Payroll Taxes$9,685$4,111$883$14,679
Fees for Services Accounting-$11,242-$11,242
All Other Expenses$2,897$3,569$3,057$9,523
Depreciation Depletion$4,149$1,383$1,383$6,915
Other Expenses$5,781$1,986$1,986$5,781
Advertising$3,253--$3,253
Travel$794--$794
Fees for Services Legal-$280-$280
Information Technology$103$26-$129
Conferences and Meetings$80--$80
Interest-$38-$38
Total Functional Expenses$259,307$59,238$37,109$355,654
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,126
Fundraising Direct Expenses$9,143
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fusion Annual Gala$55,126$55,126$9,143$45,983
Total Events$55,126$55,126$9,143$45,983
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$3,515
Security Deposits$2,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Any issues involving a related party or potential conflict of interest the director impacted would be asked to recuse themselves from discussion and any related votes. This process is managed by the governance chair.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Albany Barn Inc
EIN
74-3186476
Phone
5189354858
Address
56 Second St, Albany, NY 12210

Signing Officer

Name
Howard Kibrick
Title
Treasurer
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Holler
Formed
2006
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
5
Employees
6

Preparer

Firm
Accounting For All
Address
5 Corporate Drive, Clifton Park, NY 12065
Preparer
Larry Teal
Phone
5183832406
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04504
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0496
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08242
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt014333
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