Civic Intelligence

Arc Athens Inc.

990EZ • Fiscal year 2021 • EIN 82-1403841

Jan 01, 2021 to Dec 31, 2021 • Filed on May 08, 2022

217 E 70th St 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

96th percentile

1.45x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.43x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Net Margin

23rd percentile

-12%

Higher net margin than 23% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$46,065

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 42.7% of source-year revenue.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Asset Growth

17th percentile

-26%

Faster asset growth than 17% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

133%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$32,119

Down $11,433 (-26%) from 2020

Net Assets

Down

-$14,497

Down $12,449 (-608%) from 2020

Liabilities

Up

$46,616

Up $1,016 (+2.2%) from 2020

Revenue

Up

$107,954

Up $61,721 (+133%) from 2020

Expenses

Up

$120,403

Up $40,085 (+50%) from 2020

Net Income

Up

-$12,449

Up $21,636 (+63%) from 2020

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

2021

Assets$32,119
Liabilities$46,616
Net Assets-$14,497

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

2021

Revenue$107,954
Expenses$120,403
Net Income-$12,449
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 8, 2022
Return Version
2021v4.2
Gross Receipts
$107,954
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.$3,200$100,792
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARISTIDES LOGOTHETISExecutive DirectorFT$46,065-$46,065
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 801, NEW YORK, NY 10021

Signing Officer

Name
Aristides Logothetis
Title
Executive Director
Phone
9176732308
Signed
2022-05-08
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. Grantee relationship: none.. Amount given: 3,200.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 149. Description: other expenses. Amount: 15,000. Total to form 990-ez, line 14: 15,149.

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

Description: advertising and promotion. Amount: 1,469. Description: bank fees. Amount: 2,559. Description: travel and meetings. Amount: 3,889. Description: office expenses. Amount: 3,996. Description: taxes. Amount: 1,017. Description: event cost. Amount: 19. Description: insurance. Amount: 15,278. Description: website. Amount: 2,347. Description: payroll taxes. Amount: 5,024. Total to form 990-ez, line 16: 35,598.

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

Description: grants receivable. Beg. Of year amount: 10,500. End of year amount: 0. Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 4,314.

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

Description: sba loan. Beg. Of year amount: 45,600. End of year amount: 45,600. Description: accounts payable. Beg. Of year amount: 0. End of year amount: 1,016.

Raw XML Appendix208 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/OfficerDirectorTrusteeEmplGrp/TitleTxt10EXECUTIVE DIRECTOR
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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. GRANTEE RELATIONSHIP: NONE.. AMOUNT GIVEN: 3,200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEPRECIATION. AMOUNT: 149. DESCRIPTION: OTHER EXPENSES. AMOUNT: 15,000. TOTAL TO FORM 990-EZ, LINE 14: 15,149.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 1,469. DESCRIPTION: BANK FEES. AMOUNT: 2,559. DESCRIPTION: TRAVEL AND MEETINGS. AMOUNT: 3,889. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 3,996. DESCRIPTION: TAXES. AMOUNT: 1,017. DESCRIPTION: EVENT COST. AMOUNT: 19. DESCRIPTION: INSURANCE. AMOUNT: 15,278. DESCRIPTION: WEBSITE. AMOUNT: 2,347. DESCRIPTION: PAYROLL TAXES. AMOUNT: 5,024. TOTAL TO FORM 990-EZ, LINE 16: 35,598.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: GRANTS RECEIVABLE. BEG. OF YEAR AMOUNT: 10,500. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,314.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: SBA LOAN. BEG. OF YEAR AMOUNT: 45,600. END OF YEAR AMOUNT: 45,600. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,016.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
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/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ARISTIDES LOGOTHETIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARC ATHENS INC
ReturnHeader/Filer/BusinessNameControlTxt0ARCA
ReturnHeader/Filer/EIN0821403841
ReturnHeader/Filer/PhoneNum09176732308
ReturnHeader/Filer/USAddress/AddressLine1Txt0217 E 70TH ST 801
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010021
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02022-05-08T19:50:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARISTIDES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOGOTHETIS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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