Civic Intelligence

Arc Athens Inc.

990EZ • Fiscal year 2020 • EIN 82-1403841

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 18, 2021

217 E 70th St No 801New York, NY 10021

(917) 673-2308

Siviq Scores

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

Liabilities / Assets

94th percentile

1.05x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.99x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Net Margin

9th percentile

-74%

Higher net margin than 9% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$11,516

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 24.9% of source-year revenue.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Asset Growth

67th percentile

36%

Faster asset growth than 67% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-54%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$43,552

Up $11,515 (+36%) from 2019

Net Assets

Down

-$2,048

Down $34,085 (-106%) from 2019

Liabilities

Up

$45,600

Up $45,600 from 2019

Revenue

Down

$46,233

Down $54,559 (-54%) from 2019

Expenses

Down

$80,318

Down $3,333 (-4.0%) from 2019

Net Income

Down

-$34,085

Down $51,226 (-299%) from 2019

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2017: $12,607Liabilities 2017: $0Net Assets 2017: $12,6072017Assets 2018: $14,896Liabilities 2018: $0Net Assets 2018: $14,8962018Assets 2019: $32,037Liabilities 2019: $0Net Assets 2019: $32,0372019Assets 2020: $43,552Liabilities 2020: $45,600Net Assets 2020: -$2,0482020Assets 2021: $32,119Liabilities 2021: $46,616Net Assets 2021: -$14,4972021Assets 2022: $47,572Liabilities 2022: $45,600Net Assets 2022: $1,9722022Assets 2023: $30,855Liabilities 2023: $43,631Net Assets 2023: -$12,7762023Assets 2024: $71,564Liabilities 2024: $41,483Net Assets 2024: $30,0812024

Highlighted filing

2020

Assets$43,552
Liabilities$45,600
Net Assets-$2,048

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $16,031Expenses 2017: $3,424Net Income 2017: $12,6072017Revenue 2018: $47,277Expenses 2018: $44,988Net Income 2018: $2,2892018Revenue 2019: $100,792Expenses 2019: $83,651Net Income 2019: $17,1412019Revenue 2020: $46,233Expenses 2020: $80,318Net Income 2020: -$34,0852020Revenue 2021: $107,954Expenses 2021: $120,403Net Income 2021: -$12,4492021Revenue 2022: $175,824Expenses 2022: $159,355Net Income 2022: $16,4692022Revenue 2023: $188,090Expenses 2023: $202,838Net Income 2023: -$14,7482023Revenue 2024: $201,717Expenses 2024: $158,860Net Income 2024: $42,8572024

Highlighted filing

2020

Revenue$46,233
Expenses$80,318
Net Income-$34,085
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 18, 2021
Return Version
2020v4.1
Gross Receipts
$46,233
Mission and Program Overview

Mission

The organization aims to offer a supported experience to contemporary artists and curators in the center of athens.with fostering greek-american friendship and cross-pollination as mission, the organization will work actively to facilitate introductions, communications, and relationships with the art community in athens. The organization will generate activity whose resulting discourse and creative energy, will benefit the arts as well as the athenian communities.

Program Services

DescriptionGrantsExpenses
FACILITATING FELLOWSHIPS/RESIDENCIES FOR ARTISTS IN ATHENS.$12,500$69,726
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARISTIDES LOGOTHETISExecutive DirectorFT$0$11,516$11,516
GEORGE NEGROPONTEPresident-$0--
DAN CAMERONSecretary-$0--
ZESTY MEYERSTeasurer-$0--
BILL FAGALYBoard Member-$0--
ALICIA GLEKASBoard Member-$0--
ALLISON GLENNBoard Member-$0--
HUME STEYERBoard Member-$0--
ALEXIA SHEINMANBoard Member-$0--
YERASSIMOS YANNOPOULOSBoard Member-$0--
NINA EMBIRICOSBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Arc Athens Inc
EIN
82-1403841
Phone
9176732308
Address
217 E 70TH ST NO 801, NEW YORK, NY 10021

Signing Officer

Name
Aristides Logothetis
Title
Executive Director
Phone
9176732308
Signed
2021-08-18
Discuss with paid preparer
Yes

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: fellowship stipend. Grantee name: multiple fellows. Amount given: 3,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grants. Grantee name: multiple small grant recipients. Amount given: 9,500. Total included on form 990-ez, line 10: 12,500.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bank fees. Amount: 2,566. Description: travel and meetings. Amount: 1,756. Description: office expenses. Amount: 4,945. Description: event cost. Amount: 2,000. Description: insurance. Amount: 2,857. Description: website. Amount: 6,091. Description: payroll expenses. Amount: 1,308. Total to form 990-ez, line 16: 21,523.

Form 990-ez, Part II, Line 24 - Other Assets

Description: grants receivable. Beg. Of year amount: 22,000. End of year amount: 10,500.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: sba loan. Beg. Of year amount: 0. End of year amount: 45,600.

Raw XML Appendix204 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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IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION AIMS TO OFFER A SUPPORTED EXPERIENCE TO CONTEMPORARY ARTISTS AND CURATORS IN THE CENTER OF ATHENS.WITH FOSTERING GREEK-AMERICAN FRIENDSHIP AND CROSS-POLLINATION AS MISSION, THE ORGANIZATION WILL WORK ACTIVELY TO FACILITATE INTRODUCTIONS, COMMUNICATIONS, AND RELATIONSHIPS WITH THE ART COMMUNITY IN ATHENS. THE ORGANIZATION WILL GENERATE ACTIVITY WHOSE RESULTING DISCOURSE AND CREATIVE ENERGY, WILL BENEFIT THE ARTS AS WELL AS THE ATHENIAN COMMUNITIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: FELLOWSHIP STIPEND. GRANTEE NAME: MULTIPLE FELLOWS. AMOUNT GIVEN: 3,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANTS. GRANTEE NAME: MULTIPLE SMALL GRANT RECIPIENTS. AMOUNT GIVEN: 9,500. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 12,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: BANK FEES. AMOUNT: 2,566. DESCRIPTION: TRAVEL AND MEETINGS. AMOUNT: 1,756. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 4,945. DESCRIPTION: EVENT COST. AMOUNT: 2,000. DESCRIPTION: INSURANCE. AMOUNT: 2,857. DESCRIPTION: WEBSITE. AMOUNT: 6,091. DESCRIPTION: PAYROLL EXPENSES. AMOUNT: 1,308. TOTAL TO FORM 990-EZ, LINE 16: 21,523.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: GRANTS RECEIVABLE. BEG. OF YEAR AMOUNT: 22,000. END OF YEAR AMOUNT: 10,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: SBA LOAN. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 45,600.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-18
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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