Civic Intelligence

Artolution Inc.

990 • Fiscal year 2019 • EIN 81-4062000

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

Organization ProfileWWW.ARTOLUTION.ORG
1130 Bedford Ave Box 29Brooklyn, NY 11216

(917) 864-1997

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.03x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Net Margin

6th percentile

-70%

Higher net margin than 6% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$111,107

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 23.3% of source-year revenue.

2019 filings • NTEE A • $500k-$1M nonprofits • Source year 2019

Asset Growth

5th percentile

-42%

Faster asset growth than 5% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-60%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$550,722

Down $402,503 (-42%) from 2018

Net Assets

Down

$536,145

Down $334,813 (-38%) from 2018

Liabilities

Down

$14,577

Down $67,690 (-82%) from 2018

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin6th percentile

Revenue

Down

$476,777

Down $729,938 (-60%) from 2018

Expenses

Up

$811,590

Up $428,686 (+112%) from 2018

Net Income

Down

-$334,813

Down $1,158,624 (-141%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$1.0M$500K$0Assets 2017: $47,147Liabilities 2017: $0Net Assets 2017: $47,1472017Assets 2018: $953,225Liabilities 2018: $82,267Net Assets 2018: $870,9582018Assets 2019: $550,722Liabilities 2019: $14,577Net Assets 2019: $536,1452019Assets 2020: $293,260Liabilities 2020: $27,769Net Assets 2020: $265,4912020Assets 2021: $284,723Liabilities 2021: $119,244Net Assets 2021: $165,4792021Assets 2022: $184,933Liabilities 2022: $19,932Net Assets 2022: $165,0012022Assets 2023: $201,467Liabilities 2023: $36,375Net Assets 2023: $165,0922023Assets 2024: $756,287Liabilities 2024: $87,678Net Assets 2024: $668,6092024

Highlighted filing

2019

Assets$550,722
Liabilities$14,577
Net Assets$536,145
Open 2019 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $105,995Expenses 2017: $75,832Net Income 2017: $30,1632017Revenue 2018: $1,206,715Expenses 2018: $382,904Net Income 2018: $823,8112018Revenue 2019: $476,777Expenses 2019: $811,590Net Income 2019: -$334,8132019Revenue 2020: $400,240Expenses 2020: $713,785Net Income 2020: -$313,5452020Revenue 2021: $536,942Expenses 2021: $636,954Net Income 2021: -$100,0122021Revenue 2022: $855,309Expenses 2022: $855,787Net Income 2022: -$4782022Revenue 2023: $702,940Expenses 2023: $698,103Net Income 2023: $4,8372023Revenue 2024: $1,254,920Expenses 2024: $745,871Net Income 2024: $509,0492024

Highlighted filing

2019

Revenue$476,777
Expenses$811,590
Net Income-$334,813
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Gross Receipts
$526,573
Mission and Program Overview

Mission

Promotion of arts and social welfare through international,community-based art projects to engage members of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$654,872$345,937▼ $308,935
Cash and Non-Interest-Bearing Accounts$298,353$195,428▼ $102,925
Land, Buildings, and Equipment, Net$0$4,232▲ $4,232
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$953,225$550,722▼ $402,503
Other Assets Total$0$5,125▲ $5,125
Liabilities
Accounts Payable and Accrued Expenses$82,267$14,577▼ $67,690
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$82,267$14,577▼ $67,690
Net Assets / Fund Balance
Net Assets With Donor Restrictions$662,189$362,189▼ $300,000
Net Assets Without Donor Restrictions$208,769$173,956▼ $34,813
Total Net Assets Fund Balance$870,958$536,145▼ $334,813
Total Liabilities and Net Assets / Fund Balance$953,225$550,722▼ $402,503

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,232$470$4,702
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleBaseTotal
Joel BergnerDirector$111,107$111,107
Max FriederDirector$105,726$105,726

Board Members and Trustees

NameTitle
David LloydChairman
Laura BerkSecretary
Luther PoierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$476,726
Program Service Revenue
$0
Investment Income
$51
Other Revenue
$0
All Other Contributions
$476,726
Change in Net Assets
$-334,813

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 AmountValuation Method
Securities Publicly Traded1$49,796Fair Market Value (FMV)
Total Noncash Contributions1$49,796-

Audited Revenue Reconciliation

Revenue per Audited Statements
$476,777
Revenue Not Reported on Form 990
$112,500
Total Revenue per Audited Statements
$589,277
Total Revenue per Form 990
$476,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$493,879
Salaries, Compensation, and Employee Benefits$278,405
Total Fundraising Expense$76,873
Grants and Similar Amounts Paid$39,306
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$150,252$5,633$4,783$160,668
Current Officers, Directors, Trustees, and Key Employees$119,018$9,391$11,613$140,022
Other Salaries and Wages$21,003$39,611$38,555$99,169
Travel$73,869$2,653$3,435$79,957
Grants to Domestic Orgs$39,306--$39,306
Fees for Services Legal$820$22,474$9,800$33,094
Occupancy$683$28,376-$29,059
Payroll Taxes$12,032$4,211$4,311$20,554
Other Employee Benefits-$18,660-$18,660
Office Expenses$821$11,009$182$12,012
Advertising-$3,635$3,268$6,903
Insurance-$4,301-$4,301
Conferences and Meetings$918$427-$1,345
Other Expenses$1,032$552$926$552
Depreciation Depletion-$470-$470
All Other Expenses-$90-$90
Total Functional Expenses$561,280$173,437$76,873$811,590

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$924,090
Expenses per Audited Statements$811,590
Total Expenses per Form 990$811,590
Expenses Not Reported on Form 990$112,500
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kids in Need of Defense (kind)Washington, DC501(c)(3)General$33,300
Nyc Marathon-new York Road RunnersNew York, NY501(c)(3)General$6,006
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
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, Section B, Line 11B

“The organization's management uses the services of a third party accountant to prepare artolution, inc.'s exempt organization returns under the direct supervision of the chairman, and the program nanager. Once the tax returns are completed, the program manager provides a draft copy of the form 990 and the state form char500 to the board of directors, for review and comments. The board's comments are reviewed, analyzed and reflected, as appropriate,on the tax returns before filing. Comments. The board's comments are reviewed, analyzed and reflected, as appropriate, on the tax returns before filing.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Board members, corporate officers and any other related party are required to disclose to the board any transaction that may give rise to conflict of interest. This includes the disclosure of all material facts of his or her financial interest. The board reviews the facts, or delegates the review of the facts to a committee, and approves or disapproves of the transactions involving a related party. Each director, officer and key employee sign an initial conflict of interest statement. And they annually sign and submit to our organizations secretary (or to any other person designated by the president, the co-presidents or the directors) a conflict of interest statement which affirms that he or she: (a) has received a copy of the conflicts of interest policy; (b) has read and understands the conflicts of interest policy; and (c) has agreed to comply with the conflicts of interest policy. The board reviews these statements and take all necessary actions.”

FORM 990, PART VI, SECTION C, LINE 19:

“Upon request, artolution inc.'s management provides the organization's governing documents, and financial statements to the public for consultation.”

Filing and Contact Details

Filer

Filer Name
Artolution Inc
EIN
81-4062000
In Care Of
% MAX FRIEDER
Phone
9178641997
Address
1130 BEDFORD AVE BOX 29, BROOKLYN, NY 11216

Signing Officer

Name
Max Frieder
Title
Co-director
Phone
9178641997
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Max Frieder
Formed
2016
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
3
Employees
4
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Richard L Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION:

“Art projects to engage members of the community to alleviate trauma caused by conflict, and assisting organizations and individuals in the accomplishment of similar purposes.”

Form 990 Part IX Line 11G

“Description:contractors total fees:157924”

Form 990 Part IX Line 11G

“Description:payroll expenditures total fees:2744”

Financial Statement Notes

PART X, LINE 2 - FIN 48 FOOTNOTE:

“Artolution follows the Financial Accounting Standards Board Accounting Standards Codification, which provides guidance on accounting for uncertainty in income taxes recognized in Artolutions financial statements, if any. As of December 31, 2019, Artolution had no unrecognized tax benefits related to uncertain tax positions in its information return that would qualify for either recognition or disclosure in its financial statements. Artolutions policy would be to recognize interest and penalties on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. Through December 31, 2019, there have been no matters that would have resulted in an accrual for interest and/or penalties. Generally, the tax years before 2016 are no longer subject to examination by federal, state, or local taxing authorities.”

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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0870958
IRS990/NetAssetsOrFundBalancesEOYAmt0536145
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0208769
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0173956
IRS990/NoncashContributionsAmt049796
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt028376
IRS990/OccupancyGrp/ProgramServicesAmt0683
IRS990/OccupancyGrp/TotalAmt029059
IRS990/OfficeExpensesGrp/FundraisingAmt0182
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011009
IRS990/OfficeExpensesGrp/ProgramServicesAmt0821
IRS990/OfficeExpensesGrp/TotalAmt012012
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt05125
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018660
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018660
IRS990/OtherExpensesGrp/Desc0JOB SUPPLIES
IRS990/OtherExpensesGrp/Desc1DONATIONS/PARTNER EXPENSES
IRS990/OtherExpensesGrp/Desc2REIMBURSABLE EXPENSES
IRS990/OtherExpensesGrp/Desc3OTHER BUSINESS EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0926
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04453
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117491
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2552
IRS990/OtherExpensesGrp/ProgramServicesAmt0138292
IRS990/OtherExpensesGrp/ProgramServicesAmt13234
IRS990/OtherExpensesGrp/ProgramServicesAmt21032
IRS990/OtherExpensesGrp/TotalAmt0143671
IRS990/OtherExpensesGrp/TotalAmt13234
IRS990/OtherExpensesGrp/TotalAmt218523
IRS990/OtherExpensesGrp/TotalAmt3552
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt038555
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039611
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021003
IRS990/OtherSalariesAndWagesGrp/TotalAmt099169
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04311
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04211
IRS990/PayrollTaxesGrp/ProgramServicesAmt012032
IRS990/PayrollTaxesGrp/TotalAmt020554
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0654872
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0345937
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MAX FRIEDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01206672
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt043
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0161824
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0823811
IRS990/PYSalariesCompEmpBnftPaidAmt0221080
IRS990/PYTotalExpensesAmt0382904
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01206715
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-334813
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0476726
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01206672
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0105995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt018962
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01808355
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt043
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt094
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0930897
IRS990ScheduleA/SubstantialContributorsTotAmt0877458
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0476726
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01206672
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0105995
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt018962
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01808355
IRS990ScheduleA/TotalSupportAmt01808449
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/DonatedServicesAndUseFcltsAmt0112500
IRS990ScheduleD/DonatedServicesUseFcltsAmt0112500
IRS990ScheduleD/ExpensesNotReportedAmt0112500
IRS990ScheduleD/ExpensesSubtotalAmt0811590
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04232
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0470
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04702
IRS990ScheduleD/RevenueNotReportedAmt0112500
IRS990ScheduleD/RevenueSubtotalAmt0476777
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Artolution follows the Financial Accounting Standards Board Accounting Standards Codification, which provides guidance on accounting for uncertainty in income taxes recognized in Artolutions financial statements, if any. As of December 31, 2019, Artolution had no unrecognized tax benefits related to uncertain tax positions in its information return that would qualify for either recognition or disclosure in its financial statements. Artolutions policy would be to recognize interest and penalties on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. Through December 31, 2019, there have been no matters that would have resulted in an accrual for interest and/or penalties. Generally, the tax years before 2016 are no longer subject to examination by federal, state, or local taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2 - FIN 48 FOOTNOTE:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04232
IRS990ScheduleD/TotalExpensesPerForm990Amt0811590
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0476777
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0589277
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0924090
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt06006
IRS990ScheduleI/RecipientTable/CashGrantAmt133300
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NYC MARATHON-NEW YORK ROAD RUNNERS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1KIDS IN NEED OF DEFENSE (KIND)
IRS990ScheduleI/RecipientTable/RecipientEIN0132949483
IRS990ScheduleI/RecipientTable/RecipientEIN1262763038
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0156 WEST 56TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11201 L STREET NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt03RD FLOOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010019
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd120005
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ARTOLUTION DOES NOT MONITOR THE USE OF THE GRANTS ONCE DISPERSED TO THE GRANTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$550,722
Liabilities
$14,577
Net assets
$536,145
Revenue
$476,777
Expenses
$811,590
Net income
-$334,813
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.76$0.09$0.67$1.25$0.75$0.51
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.04$0.17$0.70$0.70$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.17$0.86$0.86$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.28$0.12$0.17$0.54$0.64$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.27$0.40$0.71$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.48$0.81$0.33
2018Detailed filing. Detailed filing data is available for this year.$0.95$0.08$0.87$1.21$0.38$0.82
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.11$0.08$0.03