Civic Intelligence

Artshack Brooklyn

990 • Fiscal year 2020 • EIN 81-1692702

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

1131 Bedford AvenueBrooklyn, NY 11216

(917) 251-5327

Siviq Scores

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

Liabilities / Assets

88th percentile

0.58x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.23x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Net Margin

26th percentile

-14%

Higher net margin than 26% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$30,500

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Asset Growth

57th percentile

8.0%

Faster asset growth than 57% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-26%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$219,191

Up $16,234 (+8.0%) from 2019

Net Assets

Down

$91,444

Down $75,993 (-45%) from 2019

Liabilities

Up

$127,747

Up $92,227 (+260%) from 2019

Revenue

Down

$554,365

Down $194,695 (-26%) from 2019

Expenses

Down

$630,358

Down $123,931 (-16%) from 2019

Net Income

Down

-$75,993

Down $70,764 (-1353%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $50,875Liabilities 2016: $0Net Assets 2016: $50,8752016Assets 2017: $116,907Liabilities 2017: $5,398Net Assets 2017: $111,5092017Assets 2018: $184,424Liabilities 2018: $11,758Net Assets 2018: $172,6662018Assets 2019: $202,957Liabilities 2019: $35,520Net Assets 2019: $167,4372019Assets 2020: $219,191Liabilities 2020: $127,747Net Assets 2020: $91,4442020Assets 2021: $485,752Liabilities 2021: $178,284Net Assets 2021: $307,4682021Assets 2022: $1,837,951Liabilities 2022: $1,626,343Net Assets 2022: $211,6082022Assets 2023: $1,622,142Liabilities 2023: $1,318,453Net Assets 2023: $303,6892023Assets 2024: $1,373,382Liabilities 2024: $1,212,845Net Assets 2024: $160,5372024

Highlighted filing

2020

Assets$219,191
Liabilities$127,747
Net Assets$91,444

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $197,013Expenses 2016: $146,138Net Income 2016: $50,8752016Revenue 2017: $401,977Expenses 2017: $341,342Net Income 2017: $60,6352017Revenue 2018: $693,357Expenses 2018: $632,200Net Income 2018: $61,1572018Revenue 2019: $749,060Expenses 2019: $754,289Net Income 2019: -$5,2292019Revenue 2020: $554,365Expenses 2020: $630,358Net Income 2020: -$75,9932020Revenue 2021: $1,184,195Expenses 2021: $968,171Net Income 2021: $216,0242021Revenue 2022: $1,528,687Expenses 2022: $1,624,547Net Income 2022: -$95,8602022Revenue 2023: $2,163,185Expenses 2023: $2,071,104Net Income 2023: $92,0812023Revenue 2024: $2,206,212Expenses 2024: $2,349,364Net Income 2024: -$143,1522024

Highlighted filing

2020

Revenue$554,365
Expenses$630,358
Net Income-$75,993
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$554,365
Mission and Program Overview

Mission

The organization's primary mission is to foster creativity, self-respect, and empower children, adults, and families through the use of ceramics.

The organization's purpose is to foster creativity, self-respect, and empower children, adults, and families through the use of ceramics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$86,655$91,608▲ $4,953
Land, Buildings, and Equipment, Net$83,877$87,048▲ $3,171
Prepaid Expenses and Deferred Charges-$12,911-
Pledges and Grants Receivable$4,500--
Accounts Receivable$3,925$3,624▼ $301
Total Assets$202,957$219,191▲ $16,234
Other Assets Total$24,000$24,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$35,520$68,411▲ $32,891
Other Liabilities$0$59,336▲ $59,336
Total Liabilities$35,520$127,747▲ $92,227
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$165,937$91,444▼ $74,493
Net Assets With Donor Restrictions$1,500$0▼ $1,500
Total Net Assets Fund Balance$167,437$91,444▼ $75,993
Total Liabilities and Net Assets / Fund Balance$202,957$219,191▲ $16,234

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$82,920$20,813$103,733
Equipment$4,128$15,328$19,456
Other Assets Org$24,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mckendree KeyDirector/co FounderFT$30,500$30,500

Board Members and Trustees

NameTitle
Nardia BrooksChair
Cynthia Robinson-biohDirector
Frances JinDirector
Shaun LeonardoDirector
Gina MerrillSecretary
Jason ShureTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,646
Program Service Revenue
$522,719
Investment Income
$0
Other Revenue
$0
All Other Contributions
$27,184
Change in Net Assets
$-75,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$421,131
Salaries, Compensation, and Employee Benefits$209,227
Total Fundraising Expense$3,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$163,395$8,601-$171,996
Other Salaries and Wages$151,998$1,399$560$153,957
Fees for Services Other$75,468$6,623-$82,091
Office Expenses$34,052$12,742-$46,794
Fees for Services Accounting-$30,515-$30,515
Current Officers, Directors, Trustees, and Key Employees$24,400$3,660$2,440$30,500
Payroll Taxes$14,660$3,007$163$17,830
Depreciation Depletion-$11,945-$11,945
Insurance-$8,996-$8,996
Other Employee Benefits$5,706$1,170$64$6,940
Advertising$4,105$95-$4,200
Other Expenses$140$2,352-$2,492
Total Functional Expenses$534,929$92,202$3,227$630,358
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
Refundable Advance - Paycheck Protection Program$59,336
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
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

The form 990 is prepared by the independent public accountants. The form 990 is reviewed by the members of the organization prior to filing. In addition, a copy of the form 990 is provided electronically to all board members prior to filing.

Form 990, Part VI, Section B, Line 15

The board reviews the 990's of similar organizations to determine executive pay.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Artshack Brooklyn Inc
EIN
81-1692702
Phone
9172515327
Address
1131 BEDFORD AVENUE, BROOKLYN, NY 11216

Signing Officer

Name
Mckendree Key
Title
Cofounder/director
Phone
9172515327
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mckendree Key
Formed
2016
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
12
Volunteers
25

Preparer

Firm
Dorfman Abrams Music LLC
Address
250 PEHLE AVE SUITE 702, SADDLE BROOK, NJ 07663
Preparer
Edward K Baltazar CPA
Phone
2014039750
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Subcontractors: program service expenses 75,468. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,468. Consultants: program service expenses 0. Management and general expenses 6,623. Fundraising expenses 0. Total expenses 6,623.

Form 990, Page 11, Part XI, Line 2C

The board of directors are responsible for oversight of review and the selection of the independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization is a tax-exempt organization as defined by section 501(c)(3) of the internal revenue code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02591677
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0554365
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0744965
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0693357
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0401977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0197013
IRS990ScheduleA/Total509Grp/TotalAmt02591677
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0554365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0744965
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0693357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0401977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0197013
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02591677
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04128
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015328
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019456
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt082920
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020813
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0103733
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt059336
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCE - PAYCHECK PROTECTION PROGRAM
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AS DEFINED BY SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt087048
IRS990ScheduleD/TotalBookValueOtherAssetsAmt024000
IRS990ScheduleD/TotalLiabilityAmt059336
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE INDEPENDENT PUBLIC ACCOUNTANTS. THE FORM 990 IS REVIEWED BY THE MEMBERS OF THE ORGANIZATION PRIOR TO FILING. IN ADDITION, A COPY OF THE FORM 990 IS PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE 990'S OF SIMILAR ORGANIZATIONS TO DETERMINE EXECUTIVE PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 75,468. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,468. CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,623. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,623.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR OVERSIGHT OF REVIEW AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 11, PART XI, LINE 2C
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0202957
IRS990/TotalAssetsGrp/EOYAmt0219191
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt031646
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03227
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092202
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0534929
IRS990/TotalFunctionalExpensesGrp/TotalAmt0630358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035520
IRS990/TotalLiabilitiesEOYAmt0127747
IRS990/TotalLiabilitiesGrp/BOYAmt035520
IRS990/TotalLiabilitiesGrp/EOYAmt0127747
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt091444
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0534929
IRS990/TotalProgramServiceRevenueAmt0522719
IRS990/TotalReportableCompFromOrgAmt030500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0522719
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0554365
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0202957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0219191
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01131 BEDFORD AVENUE
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011216
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ARTSHACKBROOKLYN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MCKENDREE KEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COFOUNDER/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09172515327
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARTSHACK BROOKLYN INC
ReturnHeader/Filer/BusinessNameControlTxt0ARTS
ReturnHeader/Filer/EIN0811692702
ReturnHeader/Filer/PhoneNum09172515327
ReturnHeader/Filer/USAddress/AddressLine1Txt01131 BEDFORD AVENUE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011216
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221655803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DORFMAN ABRAMS MUSIC LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0250 PEHLE AVE SUITE 702
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SADDLE BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007663
ReturnHeader/PreparerPersonGrp/PhoneNum02014039750
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD K BALTAZAR CPA

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