Civic Intelligence

Modest Fly Art Studio Gallery Inc

990EZ • Fiscal year 2021 • EIN 82-4575919

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 01, 2024

10055 Commerce AveTujunga, CA 91042

(818) 331-4780

Siviq Scores

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

Liabilities / Assets

100th percentile

44.65x

Higher debt load relative to assets than 100% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.11x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

21st percentile

-16%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$8,250

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

6th percentile

-67%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

41st percentile

-5.4%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Assets

Down

$234

Down $1,873 (-89%) from 2019

Net Assets

Down

-$10,213

Down $12,320 (-585%) from 2019

Liabilities

Up

$10,447

Up $10,447 from 2019

Revenue

Down

$99,227

Down $11,625 (-10%) from 2019

Expenses

Up

$114,895

Up $6,150 (+5.7%) from 2019

Net Income

Down

-$15,668

Down $17,775 (-844%) from 2019

Historical Trend

Balance Sheet Trend

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

$40K$20K$0-$20K-$40KAssets 2018: $134Liabilities 2018: $0Net Assets 2018: $1342018Assets 2019: $2,107Liabilities 2019: $0Net Assets 2019: $2,1072019Assets 2021: $234Liabilities 2021: $10,447Net Assets 2021: -$10,2132021Assets 2022: $12,667Liabilities 2022: $21,624Net Assets 2022: -$8,9572022Assets 2023: $2,785Liabilities 2023: $14,861Net Assets 2023: -$12,0762023Assets 2024: $0Liabilities 2024: $34,978Net Assets 2024: -$34,9782024

Highlighted filing

2021

Assets$234
Liabilities$10,447
Net Assets-$10,213

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $6,955Expenses 2018: $6,821Net Income 2018: $1342018Revenue 2019: $110,852Expenses 2019: $108,745Net Income 2019: $2,1072019Revenue 2021: $99,227Expenses 2021: $114,895Net Income 2021: -$15,6682021Revenue 2022: $162,668Expenses 2022: $161,412Net Income 2022: $1,2562022Revenue 2023: $199,279Expenses 2023: $202,398Net Income 2023: -$3,1192023Revenue 2024: $166,851Expenses 2024: $189,753Net Income 2024: -$22,9022024

Highlighted filing

2021

Revenue$99,227
Expenses$114,895
Net Income-$15,668
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 1, 2024
Return Version
2021v4.2
Gross Receipts
$99,227
Mission and Program Overview

Mission

Promotion and Access to the Arts

Program Services

DescriptionGrantsExpenses
See Schedule O--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
IREN TSATURYANCEOFT$8,250-$8,250
Filing and Contact Details

Filer

Filer Name
Modest Fly Art Studio Gallery Inc
EIN
82-4575919
Address
10055 COMMERCE AVE, Tujunga, CA 91042

Signing Officer

Name
Iren Tsaturyan
Title
CEO
Phone
8183314780
Signed
2024-10-01
Discuss with paid preparer
No

Preparer

Firm
Red-sol Inc
Address
3405 Smith St, Los Angeles, CA 90031
Preparer
Gypsy Sanchez
Phone
8187955070
Supplemental Narrative

Additional Explanations

Amended return information

Taxpayer paper filed TYs 2020, 2021 and 2022 however the IRS mistankenly and incorrectly assigned or recorded the returns to TYs 2021, 2022 and 2023. This Amendment is being filed to correct the IRSs oversight as suggested by IRS agent during telephone call on September 30, 2024.

Description of other expenses Part I line 16

Description AmountACCOUNTING EXPENSE 250ADVERTISING AND PROMOTION 100ART SUPPLIES AND MATERIALS 12,648AUTOMOBILE EXPENSE 1,984BANK SERVICE CHARGES 209CONTINUING EDUCATION 230EQUIPMENT RENTAL 2,500INSURANCE EXPENSE 656JANITORIAL 350LICENSE & PERMITS 26MEALS & eNTERTAINMENT 2,579MEMBERSHIP & SUBSCRIPTIONS 127MERCHANT FEES 1,259OFFICE EXPENSE 3,993OUTSIDE SERVICES 27,270PAYROLL EXPENSE 2,341SALARIES & WAGES 22,354STUDENT FEE REFUNDS 1,450SUPPLIES 10,109TAXES 20TELEPHONE EXPENSE 660UNIFORMS 1,286OTHER TAXES (FUTA & SUI) 1,048

Description of total liabilities Part II line 26

Category Beginning of Year End of YearADJUSTMENTS 0 10,447

Other program services Part III line 31

Form 990-EZ, Part III, Line 28 - Statement of Program Service AccomplishmentsOur mission is to inspire creative thinking, advance artistic abilities and streghthen our inner and outer communities by sharing our love of art. At Modest Fly Studio Gallery we are dedicated to promoting and advancing individuals through visual arts. We are a collective of artists who teach through an ongoing series of art classes, gallery shows, creative workshops and outreach programs. We believe that art is a healing power and that art programs help individuals, their communities and societies at large. We advocate for creative development and facilitate the use of art as a restorative tool for all ages, young and old. We empower these such artists and share our voice and knowledge with them to make the world a better place one stroke at a time.

Raw XML Appendix107 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.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0IREN TSATURYAN
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0Payroll
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AmendedReturnInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0IREN TSATURYAN
IRS990EZ/BooksInCareOfDetail/PhoneNum08183314780
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt010055 COMMERCE AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Tujunga
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091042
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05455
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0234
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-15668
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05455
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0234
IRS990EZ/GrossReceiptsAmt099227
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05455
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-10213
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05455
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-10213
IRS990EZ/OccupancyRentUtltsAndMaintAmt021446
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt08250
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0IREN TSATURYAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt093449
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Promotion and Access to the Arts
IRS990EZ/ProgramServiceRevenueAmt099227
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0See Schedule O
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt010447
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0114895
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt099227
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0290835
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Taxpayer paper filed TYs 2020, 2021 and 2022 however the IRS mistankenly and incorrectly assigned or recorded the returns to TYs 2021, 2022 and 2023. This Amendment is being filed to correct the IRSs oversight as suggested by IRS agent during telephone call on September 30, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountACCOUNTING EXPENSE 250ADVERTISING AND PROMOTION 100ART SUPPLIES AND MATERIALS 12,648AUTOMOBILE EXPENSE 1,984BANK SERVICE CHARGES 209CONTINUING EDUCATION 230EQUIPMENT RENTAL 2,500INSURANCE EXPENSE 656JANITORIAL 350LICENSE & PERMITS 26MEALS & eNTERTAINMENT 2,579MEMBERSHIP & SUBSCRIPTIONS 127MERCHANT FEES 1,259OFFICE EXPENSE 3,993OUTSIDE SERVICES 27,270PAYROLL EXPENSE 2,341SALARIES & WAGES 22,354STUDENT FEE REFUNDS 1,450SUPPLIES 10,109TAXES 20TELEPHONE EXPENSE 660UNIFORMS 1,286OTHER TAXES (FUTA & SUI) 1,048
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearADJUSTMENTS 0 10,447
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990-EZ, Part III, Line 28 - Statement of Program Service AccomplishmentsOur mission is to inspire creative thinking, advance artistic abilities and streghthen our inner and outer communities by sharing our love of art. At Modest Fly Studio Gallery we are dedicated to promoting and advancing individuals through visual arts. We are a collective of artists who teach through an ongoing series of art classes, gallery shows, creative workshops and outreach programs. We believe that art is a healing power and that art programs help individuals, their communities and societies at large. We advocate for creative development and facilitate the use of art as a restorative tool for all ages, young and old. We empower these such artists and share our voice and knowledge with them to make the world a better place one stroke at a time.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other program services Part III line 31
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0IREN TSATURYAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08183314780
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MODEST FLY ART STUDIO GALLERY INC
ReturnHeader/Filer/BusinessNameControlTxt0MODE
ReturnHeader/Filer/EIN0824575919
ReturnHeader/Filer/USAddress/AddressLine1Txt010055 COMMERCE AVE
ReturnHeader/Filer/USAddress/CityNm0Tujunga
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091042
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0834385849
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RED-SOL INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03405 Smith St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Angeles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090031
ReturnHeader/PreparerPersonGrp/PhoneNum08187955070
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GYPSY SANCHEZ
ReturnHeader/ReturnTs02024-10-01T16:35:32-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings