Civic Intelligence

Professional Advisors to the International Art Market - New Yor

990 • Fiscal year 2017 • EIN 81-4966668

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

C/O Goldglit CO Llp 499 7th AvenueNew York, NY 10018

(212) 868-7200

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.

2017 filings • NTEE S • <$500k nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.00x

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

2017 filings • NTEE S • <$500k nonprofits • Source year 2017

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2017 filings • NTEE S • <$500k nonprofits • Source year 2017

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2017 filings • NTEE S • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$13,794

No earlier filing loaded for comparison.

Net Assets

$13,794

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$21,170

No earlier filing loaded for comparison.

Expenses

$7,376

No earlier filing loaded for comparison.

Net Income

$13,794

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2017: $13,794Liabilities 2017: $0Net Assets 2017: $13,7942017Assets 2018: $8,245Liabilities 2018: $0Net Assets 2018: $8,2452018Assets 2019: $15,002Liabilities 2019: $12,934Net Assets 2019: $2,0682019Assets 2020: $18,653Liabilities 2020: $12,934Net Assets 2020: $5,7192020Assets 2021: $18,338Liabilities 2021: $12,934Net Assets 2021: $5,4042021Assets 2022: $22,659Liabilities 2022: $12,934Net Assets 2022: $9,7252022Assets 2023: $23,386Liabilities 2023: $9,934Net Assets 2023: $13,4522023Assets 2024: $17,425Liabilities 2024: $9,934Net Assets 2024: $7,4912024

Highlighted filing

2017

Assets$13,794
Liabilities$0
Net Assets$13,794

Operations Trend

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

$30K$20K$10K$0-$10KRevenue 2017: $21,170Expenses 2017: $7,376Net Income 2017: $13,7942017Revenue 2018: $10,850Expenses 2018: $16,399Net Income 2018: -$5,5492018Revenue 2019: $19,428Expenses 2019: $25,605Net Income 2019: -$6,1772019Revenue 2020: $7,659Expenses 2020: $4,008Net Income 2020: $3,6512020Revenue 2021: $0Expenses 2021: $315Net Income 2021: -$3152021Revenue 2022: $7,443Expenses 2022: $3,122Net Income 2022: $4,3212022Revenue 2023: $7,875Expenses 2023: $4,148Net Income 2023: $3,7272023Revenue 2024: $13,650Expenses 2024: $19,611Net Income 2024: -$5,9612024

Highlighted filing

2017

Revenue$21,170
Expenses$7,376
Net Income$13,794
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$21,170
Mission and Program Overview

Mission

To facilitate the exchange of information among professionals from the legal, accounting, insurance tax and related professions whose practice includes a significant involvement with the international art market.to organize and hold conferences, meetings and forums, and engage in other activities that further the discussion and dissemination of information regarding aspects of tax, accounting, risk managment, and economics and other topics that are of general concern to the international art market and of interest to art collectors and art businesses.to undertake research and make suggestions and representations of a technical (strictly non-political) nature to governmental and other pursuasive bodies to promote a better understanding of the international art market and to improve the laws and regulations that apply to the international art market.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$13,794▲ $13,794
Rtn Earn Endowment Incm Other Fnds$0$13,794▲ $13,794
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$13,794▲ $13,794
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$13,794▲ $13,794
Total Liabilities and Net Assets / Fund Balance$0$13,794▲ $13,794
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven GoldglitPresident/treasurer
William CharronVice President
Craig DaviesDirector
Adam GreenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$21,170
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$13,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,376
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$2,757--$2,757
Fees for Services Other$2,565--$2,565
Fees for Services Legal-$1,200-$1,200
Other Expenses$600$150-$150
Office Expenses-$104-$104
Total Functional Expenses$5,922$1,454$0$7,376
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 A, Line 6

Membership is open to professionals from the legal, accounting, insurance, tax and related professions who have an interest in the objectives of the organziation and a proven track record of advising art collectors and/or art businesses.

Form 990, Part VI, Section A, Line 7A

The governing body (board of directors) of the organization elects directors annually at the annual meeting of the board.

Form 990, Part VI, Section B, Line 11B

A copy of form 990 will be available to board of directors upon request.

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

The organization's conflict of interest policy provides that the organization may not enter into any interested party transaction unless the board of directors or an authorized committee first determines that the proposed transaction is fair, reasonable and in the best interest of the organziation. In connection with any possible conflict of interest, the organization's policy requires the interested person to disclose all material facts to the board of directors or members of an authorized committee of the board that it is considering the proposed transaction. The board shall then hold a meeting to determine if a conflict of interest exists, and if so, the interested party having an interest in an interested party transaction is prohibited for attending any meetings at which the transaction is considered, or from participating in discussions of the board or authorized committee regarding the interested party transaction. Under no circumstances may the interested party vote on such interested party transaction or improperly influence the deliberations or voting on the matter.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Professional Advisors to the
EIN
81-4966668
Phone
2128687200
Address
C/O GOLDGLIT CO LLP 499 7TH AVENUE, NEW YORK, NY 10018

Signing Officer

Name
Steven Goldglit
Title
President
Phone
2128687200
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Goldglit
Formed
2016
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Goldglit & Company Llp
Address
499 SEVENTH AVENUE - 14 SOUTH, NEW YORK, NY 10018
Preparer
Michael B Stein
Phone
2128687200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contract services: program service expenses 2,565. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,565.

Raw XML Appendix266 raw XML fields

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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IRS990/MissionDesc0TO FACILITATE THE EXCHANGE OF INFORMATION AMONG PROFESSIONALS FROM THE LEGAL, ACCOUNTING, INSURANCE TAX AND RELATED PROFESSIONS WHOSE PRACTICE INCLUDES A SIGNIFICANT INVOLVEMENT WITH THE INTERNATIONAL ART MARKET.TO ORGANIZE AND HOLD CONFERENCES, MEETINGS AND FORUMS, AND ENGAGE IN OTHER ACTIVITIES THAT FURTHER THE DISCUSSION AND DISSEMINATION OF INFORMATION REGARDING ASPECTS OF TAX, ACCOUNTING, RISK MANAGMENT, AND ECONOMICS AND OTHER TOPICS THAT ARE OF GENERAL CONCERN TO THE INTERNATIONAL ART MARKET AND OF INTEREST TO ART COLLECTORS AND ART BUSINESSES.TO UNDERTAKE RESEARCH AND MAKE SUGGESTIONS AND REPRESENTATIONS OF A TECHNICAL (STRICTLY NON-POLITICAL) NATURE TO GOVERNMENTAL AND OTHER PURSUASIVE BODIES TO PROMOTE A BETTER UNDERSTANDING OF THE INTERNATIONAL ART MARKET AND TO IMPROVE THE LAWS AND REGULATIONS THAT APPLY TO THE INTERNATIONAL ART MARKET.
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IRS990/ProgSrvcAccomActy2Grp/Desc0TO ORGANIZE AND HOLD CONFERENCES, MEETINGS AND FORUMS, AND ENGAGE IN OTHER ACTIVITIES THAT FURTHER THE DISCUSSION AND DISSEMINATION OF INFORMATION REGARDING ASPECTS OF TAX, ACCOUNTING, RISK MANAGMENT, AND ECONOMICS AND OTHER TOPICS THAT ARE OF GENERAL CONCERN TO THE INTERNATIONAL ART MARKET AND OF INTEREST TO ART COLLECTORS AND ART BUSINESSES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP IS OPEN TO PROFESSIONALS FROM THE LEGAL, ACCOUNTING, INSURANCE, TAX AND RELATED PROFESSIONS WHO HAVE AN INTEREST IN THE OBJECTIVES OF THE ORGANZIATION AND A PROVEN TRACK RECORD OF ADVISING ART COLLECTORS AND/OR ART BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY (BOARD OF DIRECTORS) OF THE ORGANIZATION ELECTS DIRECTORS ANNUALLY AT THE ANNUAL MEETING OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 WILL BE AVAILABLE TO BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S CONFLICT OF INTEREST POLICY PROVIDES THAT THE ORGANIZATION MAY NOT ENTER INTO ANY INTERESTED PARTY TRANSACTION UNLESS THE BOARD OF DIRECTORS OR AN AUTHORIZED COMMITTEE FIRST DETERMINES THAT THE PROPOSED TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTEREST OF THE ORGANZIATION. IN CONNECTION WITH ANY POSSIBLE CONFLICT OF INTEREST, THE ORGANIZATION'S POLICY REQUIRES THE INTERESTED PERSON TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS OR MEMBERS OF AN AUTHORIZED COMMITTEE OF THE BOARD THAT IT IS CONSIDERING THE PROPOSED TRANSACTION. THE BOARD SHALL THEN HOLD A MEETING TO DETERMINE IF A CONFLICT OF INTEREST EXISTS, AND IF SO, THE INTERESTED PARTY HAVING AN INTEREST IN AN INTERESTED PARTY TRANSACTION IS PROHIBITED FOR ATTENDING ANY MEETINGS AT WHICH THE TRANSACTION IS CONSIDERED, OR FROM PARTICIPATING IN DISCUSSIONS OF THE BOARD OR AUTHORIZED COMMITTEE REGARDING THE INTERESTED PARTY TRANSACTION. UNDER NO CIRCUMSTANCES MAY THE INTERESTED PARTY VOTE ON SUCH INTERESTED PARTY TRANSACTION OR IMPROPERLY INFLUENCE THE DELIBERATIONS OR VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS AND THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,565. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,565.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08940F9C3F189DE46269B6D2AFC9C91219B8A93E7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BA2216EE9FFD8C4EC3CC77937AD0A1A56E3A7328
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.38.214.101
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:34:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320047135
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDGLIT & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0499 SEVENTH AVENUE - 14 SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02128687200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL B STEIN
ReturnHeader/ReturnTs02018-11-14T14:35:53-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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