Civic Intelligence

Artolution Inc.

990 • Fiscal year 2022 • EIN 81-4062000

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

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

69th percentile

0.11x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

43rd percentile

0.02x

Higher debt load relative to revenue than 43% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Net Margin

37th percentile

-0.1%

Higher net margin than 37% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

85th percentile

$86,679

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2022 filings • NTEE A • $500k-$1M nonprofits • Source year 2022

Asset Growth

5th percentile

-35%

Faster asset growth than 5% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

59%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$184,933

Down $99,790 (-35%) from 2021

Net Assets

Down

$165,001

Down $478 (-0.3%) from 2021

Liabilities

Down

$19,932

Down $99,312 (-83%) from 2021

Revenue

Up

$855,309

Up $318,367 (+59%) from 2021

Expenses

Up

$855,787

Up $218,833 (+34%) from 2021

Net Income

Up

-$478

Up $99,534 (+100%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$184,933
Liabilities$19,932
Net Assets$165,001

Operations Trend

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

2022

Revenue$855,309
Expenses$855,787
Net Income-$478
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$855,309
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
Cash and Non-Interest-Bearing Accounts$265,297$131,431▼ $133,866
Pledges and Grants Receivable$11,809$46,355▲ $34,546
Land, Buildings, and Equipment, Net$3,292$2,822▼ $470
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$284,723$184,933▼ $99,790
Other Assets Total$4,325$4,325→ $0
Liabilities
Unsecured Notes Loans Payable$90,567$0▼ $90,567
Accounts Payable and Accrued Expenses$28,677$19,932▼ $8,745
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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$119,244$19,932▼ $99,312
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$165,479$165,001▼ $478
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$165,479$165,001▼ $478
Total Liabilities and Net Assets / Fund Balance$284,723$184,933▼ $99,790

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,822$1,880$4,702
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joel BergnerCo-founder, CEOFT$86,679$86,679
Max FriederCo-founder, CCOFT$80,016$80,016

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$854,984
Program Service Revenue
$0
Investment Income
$325
Other Revenue
$0
All Other Contributions
$764,417
Change in Net Assets
$-478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$609,481
Salaries, Compensation, and Employee Benefits$246,306
Total Fundraising Expense$54,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$342,604$4,896$600$348,100
Current Officers, Directors, Trustees, and Key Employees$99,351$34,005$33,339$166,695
Travel$38,256$11,907-$50,163
Other Salaries and Wages$12,812$17,083$12,813$42,708
Payroll Taxes$19,766$9,004$8,133$36,903
Fees for Services Legal-$16,100-$16,100
Office Expenses$7,212$7,327-$14,539
Occupancy-$2,981-$2,981
Interest-$1,913-$1,913
Advertising-$1,676-$1,676
Insurance-$1,506-$1,506
Depreciation Depletion$470--$470
Other Expenses$2,316$293-$293
Total Functional Expenses$641,788$159,114$54,885$855,787
International Activity

International Summary

Offices
0
Employees
0
Spending
$501,334

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram ServicesArt education00$281,715
South AsiaProgram ServicesArt education00$110,090
Sub-Saharan AfricaProgram ServicesArt education00$57,631
South AmericaProgram ServicesArt education00$51,898
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
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, 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 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.

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
Joel Bergner
Title
CEO
Phone
9178641997
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Bergner
Formed
2016
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
9
Employees
3
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Richard 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:344624

Form 990 Part IX Line 11G

Description:payroll processing total fees:3476

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IRS990/IRPDocumentCnt010
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt03292
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02822
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0SEE SCHEDULE O
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0312
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt02981
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07327
IRS990/OfficeExpensesGrp/ProgramServicesAmt07212
IRS990/OfficeExpensesGrp/TotalAmt014539
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04325
IRS990/OtherAssetsTotalGrp/EOYAmt04325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0JOB SUPPLIES
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IRS990/OtherExpensesGrp/Desc2OTHER BUSINESS EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045132
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11657
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23634
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3293
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IRS990/OtherExpensesGrp/ProgramServicesAmt1155
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IRS990/OtherExpensesGrp/TotalAmt0163978
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IRS990/OtherExpensesGrp/TotalAmt25950
IRS990/OtherExpensesGrp/TotalAmt3293
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IRS990/PayrollTaxesGrp/FundraisingAmt08133
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IRS990/PayrollTaxesGrp/ProgramServicesAmt019766
IRS990/PayrollTaxesGrp/TotalAmt036903
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0476726
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01206672
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt051
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0172
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63705
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IRS990ScheduleA/SubstantialContributorsTotAmt01261315
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03475499
IRS990ScheduleA/TotalSupportAmt03475671
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02822

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