Civic Intelligence

Transformer Inc.

990 • Fiscal year 2023 • EIN 81-0584718

Jun 01, 2022 to May 31, 2023 • Filed on Mar 18, 2024

1404 P Street NWWashington, DC 20005

(202) 483-1102

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

40th percentile

-0.2%

Higher net margin than 40% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

34th percentile

-1.9%

Faster asset growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

33%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$76,121

Down $1,504 (-1.9%) from 2022

Net Assets

Down

$76,121

Down $1,353 (-1.7%) from 2022

Liabilities

Down

$0

Down $151 (-100%) from 2022

Revenue

Up

$776,075

Up $191,245 (+33%) from 2022

Expenses

Up

$777,428

Up $148,173 (+24%) from 2022

Net Income

Up

-$1,353

Up $43,072 (+97%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $3,010Liabilities 2011: $130Net Assets 2011: $2,8802011Assets 2012: $51,244Liabilities 2012: $0Net Assets 2012: $51,2442012Assets 2013: $51,012Liabilities 2013: $0Net Assets 2013: $51,0122013Assets 2014: $72,577Liabilities 2014: $0Net Assets 2014: $72,5772014Assets 2015: $126,157Liabilities 2015: $0Net Assets 2015: $126,1572015Assets 2016: $34,643Liabilities 2016: $0Net Assets 2016: $34,6432016Assets 2017: $103,915Liabilities 2017: $0Net Assets 2017: $103,9152017Assets 2018: $73,735Liabilities 2018: $0Net Assets 2018: $73,7352018Assets 2019: $44,439Liabilities 2019: $0Net Assets 2019: $44,4392019Assets 2020: $158,019Liabilities 2020: $62,080Net Assets 2020: $95,9392020Assets 2021: $122,050Liabilities 2021: $151Net Assets 2021: $121,8992021Assets 2022: $77,625Liabilities 2022: $151Net Assets 2022: $77,4742022Assets 2023: $76,121Liabilities 2023: $0Net Assets 2023: $76,1212023Assets 2024: $98,564Liabilities 2024: $0Net Assets 2024: $98,5642024Assets 2025: $115,828Liabilities 2025: $0Net Assets 2025: $115,8282025

Highlighted filing

2023

Assets$76,121
Liabilities$0
Net Assets$76,121

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $311,724Expenses 2011: $343,860Net Income 2011: -$32,1362011Expenses 2012: $401,1152012Revenue 2013: $376,922Expenses 2013: $377,153Net Income 2013: -$2312013Revenue 2014: $498,287Expenses 2014: $476,722Net Income 2014: $21,5652014Revenue 2015: $529,677Expenses 2015: $476,097Net Income 2015: $53,5802015Revenue 2016: $422,975Expenses 2016: $514,489Net Income 2016: -$91,5142016Revenue 2017: $579,175Expenses 2017: $509,903Net Income 2017: $69,2722017Revenue 2018: $566,298Expenses 2018: $596,478Net Income 2018: -$30,1802018Revenue 2019: $597,270Expenses 2019: $626,566Net Income 2019: -$29,2962019Revenue 2020: $777,193Expenses 2020: $725,693Net Income 2020: $51,5002020Revenue 2021: $462,053Expenses 2021: $436,093Net Income 2021: $25,9602021Revenue 2022: $584,830Expenses 2022: $629,255Net Income 2022: -$44,4252022Revenue 2023: $776,075Expenses 2023: $777,428Net Income 2023: -$1,3532023Revenue 2024: $792,089Expenses 2024: $769,646Net Income 2024: $22,4432024Revenue 2025: $832,642Expenses 2025: $815,378Net Income 2025: $17,2642025

Highlighted filing

2023

Revenue$776,075
Expenses$777,428
Net Income-$1,353
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Mar 18, 2024
Return Version
2022v5.0
Gross Receipts
$776,075
Mission and Program Overview

Mission

Transformer is an artist-centered organization that connects and promotes emerging artists based locally, nationally and internationally through public exhibitions and educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,431$75,299▼ $1,132
Land, Buildings, and Equipment, Net$1,194$822▼ $372
Total Assets$77,625$76,121▼ $1,504
Liabilities
Accounts Payable and Accrued Expenses$151--
Total Liabilities$151$0▼ $151
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$77,474$76,121▼ $1,353
Total Net Assets Fund Balance$77,474$76,121▼ $1,353
Total Liabilities and Net Assets / Fund Balance$77,625$76,121▼ $1,504

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$708$11,923$12,631
Other Land Buildings$114$1,853$1,967
Compensation and Service Providers

Board Members and Trustees

NameTitle
James AlefantisPresident
Melissa BurnettVice President
Alanna D'AmicoBoard Member
Allison G MarvinBoard Member
Christopher AddisonBoard Member
Dana RooneyBoard Member
Eric BroermannBoard Member
Izette FolgerBoard Member
Janice KimBoard Member
Jennifer SakaiBoard Member
Micheline KlagsbrunBoard Member
Sheldon ScottBoard Member
Sidney StolzBoard Member
Tom KimBoard Member
Virginia ShoreBoard Member
Victoria ReisExecutive Director
Carole FeldSecretary
Elise HoffmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$642,030
Program Service Revenue
$134,045
Investment Income
$0
Other Revenue
$0
All Other Contributions
$371,382
Change in Net Assets
$-1,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$400,513
Salaries, Compensation, and Employee Benefits$376,915
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$222,804$37,628-$260,432
Other Expenses$119,606$302-$119,606
Current Officers, Directors, Trustees, and Key Employees$76,500$13,500-$90,000
Occupancy$44,872$4,766-$49,638
Payroll Taxes$22,619$3,864-$26,483
Information Technology$12,032$1,190-$13,222
Office Expenses$10,829$1,731-$12,560
Insurance$2,665$4,349-$7,014
Fees for Services Accounting$1,263$632-$1,895
Advertising$637$212-$849
Depreciation Depletion$149$223-$372
Total Functional Expenses$709,032$68,397$0$777,428
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
Federal income taxes-
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
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, Part VI, Section B, Line 11B

A draft copy of the return is emailed to the Board Members for approval. All concerns and/or issues are addressed before the Board authorizes the release of the return for filing.

Form 990, Part VI, Section B, Line 15B

With the assistance of the Executive Director, the Budget Committee prepares an annual budget that is presented and approved by the Board. The compensation levels of the various employees are individual line items within the budget and therefore are approved by the Board upon adoption of the Organizations annual budget.

Form 990, Part VI, Section C, Line 19

The Organizations Form 990 annual return is available at www.guidestar.org and upon request. Other financial information is also available upon request from the Organization.

Form 990, Part VI, Section B, Line 12A

The Organization annually distributes the conflict of interest policy to all employees and Board Members. All are required to review, complete, sign and return the form to the Executive Director. The results/findings are summarized and reported to the Board.

Filing and Contact Details

Filer

Filer Name
Transformer Inc
EIN
81-0584718
Phone
2024831102
Address
1404 P Street NW, Washington, DC 20005

Signing Officer

Name
Victoriia L Reis
Title
Executive Director
Phone
2024831102
Signed
2024-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victoria L Reis
Formed
2002
Legal Domicile
Dc
Voting Board Members
16
Independent Board Members
15
Employees
8
Volunteers
8

Preparer

Firm
Beams Management Group LLC
Address
PO Box 179, Madison, AL 35758
Preparer
Nancy R Beams
Phone
3014678560
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IRS990/MissionDesc0To provide a consistent, supportive and professional platform for emerging artists to explore and present experimental artistic concepts, build audiences for their work and advance their careers, while increasing dialogue, understanding, and audiences for contemporary visual arts.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt077474
IRS990/NetAssetsOrFundBalancesEOYAmt076121
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt077474
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt076121
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0700
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/ManagementAndGeneralAmt04766
IRS990/OccupancyGrp/ProgramServicesAmt044872
IRS990/OccupancyGrp/TotalAmt049638
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01731
IRS990/OfficeExpensesGrp/ProgramServicesAmt010829
IRS990/OfficeExpensesGrp/TotalAmt012560
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Artist commissions and honoraria
IRS990/OtherExpensesGrp/Desc1Bank and credit card fees
IRS990/OtherExpensesGrp/Desc2Exhibition expenses
IRS990/OtherExpensesGrp/Desc3Auction expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0302
IRS990/OtherExpensesGrp/ProgramServicesAmt0113098
IRS990/OtherExpensesGrp/ProgramServicesAmt15731
IRS990/OtherExpensesGrp/ProgramServicesAmt276227
IRS990/OtherExpensesGrp/ProgramServicesAmt3119606
IRS990/OtherExpensesGrp/TotalAmt0113097
IRS990/OtherExpensesGrp/TotalAmt16033
IRS990/OtherExpensesGrp/TotalAmt276227
IRS990/OtherExpensesGrp/TotalAmt3119606
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037628
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0222804
IRS990/OtherSalariesAndWagesGrp/TotalAmt0260432
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03864
IRS990/PayrollTaxesGrp/ProgramServicesAmt022619
IRS990/PayrollTaxesGrp/TotalAmt026483
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Victoria L Reis
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/Desc0Auction
IRS990/ProgramServiceRevenueGrp/Desc1Artwork Exhibits
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115346
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118699
IRS990/ProgSrvcAccomActy2Grp/Desc0Auction directly supporting artists through artist honoraria, exhibition material costs, and related programming support.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0159049
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0115345
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0469557
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0289067
IRS990/PYProgramServiceRevenueAmt0115273
IRS990/PYRevenuesLessExpensesAmt0-44425
IRS990/PYSalariesCompEmpBnftPaidAmt0340188
IRS990/PYTotalExpensesAmt0629255
IRS990/PYTotalRevenueAmt0584830
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1353
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018699
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0642030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0469557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0269269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0400511
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0257089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02038456
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96510
IRS990ScheduleA/PublicSupportPY170Pct00.93770
IRS990ScheduleA/PublicSupportTotal170Amt01967277
IRS990ScheduleA/SubstantialContributorsTotAmt071179
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0642030
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0469557
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0269269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0400511
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0257089
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02038456
IRS990ScheduleA/TotalSupportAmt02038456
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0708
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011923
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012631
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0114
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01853
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0822
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft copy of the return is emailed to the Board Members for approval. All concerns and/or issues are addressed before the Board authorizes the release of the return for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1With the assistance of the Executive Director, the Budget Committee prepares an annual budget that is presented and approved by the Board. The compensation levels of the various employees are individual line items within the budget and therefore are approved by the Board upon adoption of the Organizations annual budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organizations Form 990 annual return is available at www.guidestar.org and upon request. Other financial information is also available upon request from the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization annually distributes the conflict of interest policy to all employees and Board Members. All are required to review, complete, sign and return the form to the Executive Director. The results/findings are summarized and reported to the Board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12a

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$8.33$8.15$0.17
2024Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$7.92$7.70$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$7.76$7.77$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.77$5.85$6.29$0.44
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$4.62$4.36$0.26
2020Summary only. Only limited summary data is available for this year.$1.58$0.62$0.96$7.77$7.26$0.52
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$5.97$6.27$0.29
2018Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$5.66$5.96$0.30
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$5.79$5.10$0.69
2016Summary only. Only limited summary data is available for this year.$0.35$0.00$0.35$4.23$5.14$0.92
2015Summary only. Only limited summary data is available for this year.$1.26$0.00$1.26$5.30$4.76$0.54
2014Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$4.98$4.77$0.22
2013Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$3.77$3.77$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$4.01
2011Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$3.12$3.44$0.32