Civic Intelligence

Inwood Art Works Inc

990 • Fiscal year 2019 • EIN 81-4379932

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 18, 2020

Organization Profilewww.inwoodartworks.nyc
97 Park Terrace WestNew York, NY 10034

(513) 290-9003

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

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

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

Liabilities / Revenue

51st percentile

0.00x

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

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

Net Margin

88th percentile

37%

Higher net margin than 88% of similar nonprofits.

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

Top Officer Pay

79th percentile

$10,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

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

Asset Growth

78th percentile

61%

Faster asset growth than 78% of similar nonprofits.

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

Revenue Growth

43rd percentile

-3.1%

Faster revenue growth than 43% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$140,615

Up $53,224 (+61%) from 2018

Net Assets

Up

$140,615

Up $53,224 (+61%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin88th percentile

Revenue

Down

$143,179

Down $4,595 (-3.1%) from 2018

Expenses

Up

$89,955

Up $7,910 (+9.6%) from 2018

Net Income

Down

$53,224

Down $12,505 (-19%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$600K$400K$200K$0Assets 2017: $21,662Liabilities 2017: $0Net Assets 2017: $21,6622017Assets 2018: $87,391Liabilities 2018: $0Net Assets 2018: $87,3912018Assets 2019: $140,615Liabilities 2019: $0Net Assets 2019: $140,6152019Assets 2020: $110,847Net Assets 2020: $110,8472020Assets 2021: $86,028Net Assets 2021: $86,0282021Assets 2022: $152,180Liabilities 2022: $18Net Assets 2022: $152,1622022Assets 2023: $331,585Liabilities 2023: $0Net Assets 2023: $331,5852023Assets 2024: $515,392Liabilities 2024: $6,728Net Assets 2024: $508,6642024

Highlighted filing

2019

Assets$140,615
Liabilities$0
Net Assets$140,615
Open 2019 Filing

Operations Trend

Revenue Growth43rd percentile

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

$600K$400K$200K$0-$200KRevenue 2017: $73,601Expenses 2017: $51,939Net Income 2017: $21,6622017Revenue 2018: $147,774Expenses 2018: $82,045Net Income 2018: $65,7292018Revenue 2019: $143,179Expenses 2019: $89,955Net Income 2019: $53,2242019Revenue 2020: $82,182Expenses 2020: $111,950Net Income 2020: -$29,7682020Revenue 2021: $75,506Expenses 2021: $100,325Net Income 2021: -$24,8192021Revenue 2022: $205,568Expenses 2022: $139,434Net Income 2022: $66,1342022Revenue 2023: $353,982Expenses 2023: $174,559Net Income 2023: $179,4232023Revenue 2024: $421,513Expenses 2024: $244,434Net Income 2024: $177,0792024

Highlighted filing

2019

Revenue$143,179
Expenses$89,955
Net Income$53,224
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 18, 2020
Return Version
2019v5.0
Gross Receipts
$145,614
Mission and Program Overview

Mission

To create and curate professional performing and visual arts in Inwood and its surrounding community.

Inwood Art Works Mission is to create and curate professional performing and visual arts in Inwood and its surrounding community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$85,693$138,716▲ $53,023
Land, Buildings, and Equipment, Net$1,698$1,224▼ $474
Prepaid Expenses and Deferred Charges-$675-
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$87,391$140,615▲ $53,224
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$87,391$140,615▲ $53,224
Total Net Assets Fund Balance$87,391$140,615▲ $53,224
Total Liabilities and Net Assets / Fund Balance$87,391$140,615▲ $53,224

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,224$1,145$2,369
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Aaron SimmsChairmanFT$10,000$10,000

Board Members and Trustees

NameTitle
Rud MoralesDirector
Jonathan SpencerSecretary
Dean M DolanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$118,371
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$24,808
All Other Contributions
$84,371
Change in Net Assets
$53,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,955
Salaries, Compensation, and Employee Benefits$10,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$11,553--$11,553
Current Officers, Directors, Trustees, and Key Employees$10,000--$10,000
All Other Expenses$4,701$3,263-$7,964
Other Expenses$2,025$3,451-$5,476
Insurance$3,865$380-$4,245
Travel$3,750--$3,750
Office Expenses$335$236-$571
Depreciation Depletion-$474-$474
Total Functional Expenses$82,151$7,804$0$89,955
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,043
Fundraising Direct Expenses$2,435
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$27,043$27,043$2,435$24,608
Total Events$27,043$27,043$2,435$24,608
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
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

“Form 990 is prepared by the organization's external accountants. The return is submitted to the board of directors for review and approval.”

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

“All members of the board of directors complete and sign a conflict of interest disclosure on an annual basis. These disclosures are reviewed by the board of directors on an annual basis. To date, there has been no enforcement because no conflicts have been identified.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“COMPENSATION PROCESS FOR TOP OFFICIALThe chairman's compensation was determined based on a comparison of the compensation paid to chairman of other nonprofit organizations. The compensation were discussed and approved by the Board of Directors.”

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

“The governing documents and policies that are required to be disclosed to the public are made available on request.”

Filing and Contact Details

Filer

Filer Name
Inwood Art Works
EIN
81-4379932
Phone
5132909003
Address
97 Park Terrace West, New York, NY 10034

Signing Officer

Name
Aaron Simms
Title
Chairman
Phone
5132909003
Signed
2020-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Simms
Formed
2017
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
40

Preparer

Firm
Zelin & Associates CPA LLC
Address
555 8th Ave Ste 1203, New York, NY 10018
Preparer
Steven Zelin CPA
Phone
6466784496
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01224
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02435
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Special Events
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027043
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027043
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027043
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027043
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt024608
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02435
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02435
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is prepared by the organization's external accountants. The return is submitted to the board of directors for review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All members of the board of directors complete and sign a conflict of interest disclosure on an annual basis. These disclosures are reviewed by the board of directors on an annual basis. To date, there has been no enforcement because no conflicts have been identified.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION PROCESS FOR TOP OFFICIALThe chairman's compensation was determined based on a comparison of the compensation paid to chairman of other nonprofit organizations. The compensation were discussed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents and policies that are required to be disclosed to the public are made available on request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt087391
IRS990/TotalAssetsEOYAmt0140615
IRS990/TotalAssetsGrp/BOYAmt087391
IRS990/TotalAssetsGrp/EOYAmt0140615
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0118371
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07804
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082151
IRS990/TotalFunctionalExpensesGrp/TotalAmt089955
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt087391
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140615
IRS990/TotalProgramServiceExpensesAmt082151
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt010000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0143179
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt087391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140615
IRS990/TravelGrp/ProgramServicesAmt03750
IRS990/TravelGrp/TotalAmt03750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt097 Park Terrace West
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010034
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.inwoodartworks.nyc
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AARON SIMMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum05132909003
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INWOOD ART WORKS
ReturnHeader/Filer/BusinessNameControlTxt0INWO
ReturnHeader/Filer/EIN0814379932
ReturnHeader/Filer/PhoneNum05132909003
ReturnHeader/Filer/USAddress/AddressLine1Txt097 Park Terrace West
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464721814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ZELIN & ASSOCIATES CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0555 8th Ave Ste 1203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum06466784496
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN ZELIN CPA
ReturnHeader/ReturnTs02020-02-18T13:09:09-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$140,615
Liabilities
$0
Net assets
$140,615
Revenue
$143,179
Expenses
$89,955
Net income
$53,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.15$0.07$5.09$4.22$2.44$1.77
2023Detailed filing. Detailed filing data is available for this year.$3.32$0.00$3.32$3.54$1.75$1.79
2022Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$2.06$1.39$0.66
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.86$0.76$1.00$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.11$1.11$0.82$1.12$0.30
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$1.43$0.90$0.53
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$1.48$0.82$0.66
2017Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$0.74$0.52$0.22