Civic Intelligence

Silver Art Projects Inc.

990 • Fiscal year 2020 • EIN 84-3881363

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

Organization ProfileSILVERART.COM
7 World Trade CenterNew York, NY 10007

(212) 551-7324

Siviq Scores

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

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2020 filings • NTEE A • $1M-$5M nonprofits • Source year 2020

Asset Growth

100th percentile

75341300%

Faster asset growth than 100% of similar nonprofits.

2020 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$753,414

Up $753,413 (+75341300%) from 2019

Net Assets

$738,453

No earlier filing loaded for comparison.

Liabilities

Up

$14,961

Up $14,961 from 2019

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin94th percentile

Revenue

Up

$1,108,832

Up $1,108,832 from 2019

Expenses

Up

$370,379

Up $370,379 from 2019

Net Income

Up

$738,453

Up $738,453 from 2019

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$1.0M$500K$0-$500KAssets 2019: $1Liabilities 2019: $02019Assets 2020: $753,414Liabilities 2020: $14,961Net Assets 2020: $738,4532020Assets 2021: $633,203Liabilities 2021: $38,346Net Assets 2021: $594,8572021Assets 2022: $416,057Liabilities 2022: $129,883Net Assets 2022: $286,1742022Assets 2023: $289,273Liabilities 2023: $371,376Net Assets 2023: -$82,1032023Assets 2024: $178,266Liabilities 2024: $70,706Net Assets 2024: $107,5602024

Highlighted filing

2020

Assets$753,414
Liabilities$14,961
Net Assets$738,453
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $1,108,832Expenses 2020: $370,379Net Income 2020: $738,4532020Revenue 2021: $320,752Expenses 2021: $464,348Net Income 2021: -$143,5962021Revenue 2022: $256,000Expenses 2022: $564,683Net Income 2022: -$308,6832022Revenue 2023: $163,886Expenses 2023: $532,163Net Income 2023: -$368,2772023Revenue 2024: $822,756Expenses 2024: $633,093Net Income 2024: $189,6632024

Highlighted filing

2020

Revenue$1,108,832
Expenses$370,379
Net Income$738,453
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$1,108,832
Mission and Program Overview

Mission

Silver art projects (sap) is dedicated to supporting emerging artists in new york city by providing a year-long residency to a cohort of 28 artists that receive sponsored studio space, mentorship, and stipends.

Supporting artists by providing sponsored studio space, mentorship, and stipends.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$641,030▲ $641,030
Cash and Non-Interest-Bearing Accounts$0$112,384▲ $112,384
Total Assets$0$753,414▲ $753,414
Liabilities
Accounts Payable and Accrued Expenses$0$14,961▲ $14,961
Total Liabilities$0$14,961▲ $14,961
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$738,453▲ $738,453
Total Net Assets Fund Balance$0$738,453▲ $738,453
Total Liabilities and Net Assets / Fund Balance$0$753,414▲ $753,414

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$410,885$102,721$513,606
Equipment$230,145$38,677$268,822
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Tal KerretChairman
Cory SilversteinPresident
Howard BernsteinDirector
Jeffrey ScottSecretary, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,108,832
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,108,832
Change in Net Assets
$738,453

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$161,300Fair Market Value
Total Noncash Contributions1$161,300-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,108,832
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$595,096
Total Revenue per Audited Statements
$1,703,928
Total Revenue per Form 990
$1,108,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,384
Salaries, Compensation, and Employee Benefits$80,995
Total Fundraising Expense$26,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$141,398--$141,398
Fees for Services Other$39,362$40,529$21,033$100,924
Other Salaries and Wages$72,267--$72,267
Office Expenses$5,076$18,266-$23,342
Payroll Taxes$8,728--$8,728
Insurance$4,122$922-$5,044
Information Technology$865$1,694$864$3,423
Other Expenses$0$1,335$0$1,335
Total Functional Expenses$276,913$66,475$26,991$370,379

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$965,475
Expenses Not Reported on Form 990$595,096
Expenses per Audited Statements$370,379
Total Expenses per Form 990$370,379
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 B, Line 11B

“A draft of form 990 is reviewed and approved by the board prior to filing.”

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

“Board members are required to disclose any conflicts of interest on an annual basis and as potential conflicts arise.”

Form 990, Part VI, Section B, Line 15

“The organization's top management official is not compensated.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, form 990 and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Silver Art Projects Inc
EIN
84-3881363
Phone
2125517324
Address
7 WORLD TRADE CENTER, NEW YORK, NY 10007

Signing Officer

Name
Cory Silverstein
Title
President
Phone
2125517324
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cory Silverstein
Formed
2019
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Firm
Friedman Llp
Address
ONE LIBERTY PLAZA 165 BROADWAY 21ST, FL, NEW YORK, NY 10006
Preparer
Sarah Avery
Phone
2128427000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 0. Management and general expenses 32,196. Fundraising expenses 0. Total expenses 32,196. Consulting expense: program service expenses 14,053. Management and general expenses 8,333. Fundraising expenses 21,033. Total expenses 43,419. Public relations: program service expenses 25,309. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,309.”

FORM 990, PART XII, LINE 2C :

“The organization's executive committee assumes responsibility for oversight of the audit. This policy is unchanged from the prior year.”

Raw XML Appendix359 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014961
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORTING ARTISTS BY PROVIDING SPONSORED STUDIO SPACE, MENTORSHIP, AND STIPENDS.
IRS990/AllOtherContributionsAmt01108832
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum02125517324
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07 WORLD TRADE CENTER
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010007
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt0112384
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01108832
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0289384
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0738453
IRS990/CYSalariesCompEmpBnftPaidAmt080995
IRS990/CYTotalExpensesAmt0370379
IRS990/CYTotalFundraisingExpenseAmt026991
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01108832
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0141398
IRS990/DepreciationDepletionGrp/TotalAmt0141398
IRS990/Desc0SAP'S ANNUAL RESIDENCY PROGRAM INVITES 25 ARTISTS TO OCCUPY APPROXIMATELY 38,000 SQUARE FEET OF LOWER MANHATTAN OFFICE SPACE DONATED BY A GENEROUS SPONSOR. THE SPACE IS OUTFITTED TO ACCOMMODATE ARTISTS' ARTISTIC PRACTICIES.SAP PROVIDES PARTICIPATING ARTISTS WITH MENTORSHIP AND PROFESSIONAL DEVELOMENT PROGRAMMING TO TEACH PARTICIPATING ARTISTS HOW TO BECOME SUCCESSFUL ARTISTS AND MAINTAIN HEALTHY BUSINESS PRACTICES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0276913
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/FundraisingAmt021033
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt040529
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt039362
IRS990/FeesForServicesOtherGrp/TotalAmt0100924
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0TAL KERRET
IRS990/Form990PartVIISectionAGrp/PersonNm1CORY SILVERSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm3HOWARD BERNSTEIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01108832
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0864
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01694
IRS990/InformationTechnologyGrp/ProgramServicesAmt0865
IRS990/InformationTechnologyGrp/TotalAmt03423
IRS990/InsuranceGrp/ManagementAndGeneralAmt0922
IRS990/InsuranceGrp/ProgramServicesAmt04122
IRS990/InsuranceGrp/TotalAmt05044
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0141398
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0641030
IRS990/LandBldgEquipCostOrOtherBssAmt0782428
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SILVER ART PROJECTS (SAP) IS DEDICATED TO SUPPORTING EMERGING ARTISTS IN NEW YORK CITY BY PROVIDING A YEAR-LONG RESIDENCY TO A COHORT OF 25 ARTISTS THAT RECEIVE SPONSORED STUDIO SPACE, MENTORSHIP, AND STIPENDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt0738453
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0738453
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0161300
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018266
IRS990/OfficeExpensesGrp/ProgramServicesAmt05076
IRS990/OfficeExpensesGrp/TotalAmt023342
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt05094
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13729
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21335
IRS990/OtherExpensesGrp/ProgramServicesAmt05095
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt010189
IRS990/OtherExpensesGrp/TotalAmt13729
IRS990/OtherExpensesGrp/TotalAmt21335
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt072267
IRS990/OtherSalariesAndWagesGrp/TotalAmt072267
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt08728
IRS990/PayrollTaxesGrp/TotalAmt08728
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CORY SILVERSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0738453
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01108832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01108832
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt044354
IRS990ScheduleA/SubstantialContributorsTotAmt01064478
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01108832
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01108832
IRS990ScheduleA/TotalSupportAmt01108832
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0595096
IRS990ScheduleD/DonatedServicesUseFcltsAmt0595096
IRS990ScheduleD/EquipmentGrp/BookValueAmt0230145
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038677
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0268822
IRS990ScheduleD/ExpensesNotReportedAmt0595096
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0370379
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0410885
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0102721
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0513606
IRS990ScheduleD/RevenueNotReportedAmt0595096
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01108832
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0641030
IRS990ScheduleD/TotalExpensesPerForm990Amt0370379
IRS990ScheduleD/TotalRevenuePerForm990Amt01108832
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01703928
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0965475
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0FURNITURE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0161300
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS AND AS POTENTIAL CONFLICTS ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 32,196. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,196. CONSULTING EXPENSE: PROGRAM SERVICE EXPENSES 14,053. MANAGEMENT AND GENERAL EXPENSES 8,333. FUNDRAISING EXPENSES 21,033. TOTAL EXPENSES 43,419. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 25,309. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,309.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS POLICY IS UNCHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C :
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt0753414
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0753414
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01108832
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026991
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066475
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0276913
IRS990/TotalFunctionalExpensesGrp/TotalAmt0370379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt014961
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt014961
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0738453
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0276913
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01108832
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0753414
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 WORLD TRADE CENTER
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010007
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0SILVERART.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CORY SILVERSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125517324
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILVER ART PROJECTS INC
ReturnHeader/Filer/BusinessNameControlTxt0SILV
ReturnHeader/Filer/EIN0843881363
ReturnHeader/Filer/PhoneNum02125517324
ReturnHeader/Filer/USAddress/AddressLine1Txt07 WORLD TRADE CENTER
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010007
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131610809
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRIEDMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE LIBERTY PLAZA 165 BROADWAY 21ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010006
ReturnHeader/PreparerPersonGrp/PhoneNum02128427000
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH AVERY
ReturnHeader/ReturnTs02021-11-11T17:20:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CORY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SILVERSTEIN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$753,414
Liabilities
$14,961
Net assets
$738,453
Revenue
$1,108,832
Expenses
$370,379
Net income
$738,453
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.18$0.07$0.11$0.82$0.63$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.37$0.08$0.16$0.53$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.13$0.29$0.26$0.56$0.31
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.04$0.59$0.32$0.46$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.74$1.11$0.37$0.74
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00