Civic Intelligence

Interart Forum Inc.

990 • Fiscal year 2023 • EIN 87-1502968

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization ProfileN/A
9 East 62nd StreetNew York, NY 10065

(212) 223-8291

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

25th percentile

0.00x

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

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Net Margin

61st percentile

9.1%

Higher net margin than 61% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Asset Growth

43rd percentile

0.3%

Faster asset growth than 43% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

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

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$692,206

Up $2,206 (+0.3%) from 2022

Net Assets

Up

$692,206

Up $2,206 (+0.3%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin61st percentile

Revenue

Up

$24,366

Up $24,366 from 2022

Expenses

Up

$22,160

Up $22,160 from 2022

Net Income

Up

$2,206

Up $2,206 from 2022

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$800K$600K$400K$200K$0Assets 2021: $690,000Liabilities 2021: $0Net Assets 2021: $690,0002021Assets 2022: $690,000Liabilities 2022: $0Net Assets 2022: $690,0002022Assets 2023: $692,206Liabilities 2023: $0Net Assets 2023: $692,2062023Assets 2024: $690,608Liabilities 2024: $0Net Assets 2024: $690,6082024

Highlighted filing

2023

Assets$692,206
Liabilities$0
Net Assets$692,206
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KRevenue 2021: $690,000Expenses 2021: $0Net Income 2021: $690,0002021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $24,366Expenses 2023: $22,160Net Income 2023: $2,2062023Revenue 2024: $33,485Expenses 2024: $35,868Net Income 2024: -$2,3832024

Highlighted filing

2023

Revenue$24,366
Expenses$22,160
Net Income$2,206
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$24,366
Mission and Program Overview

Mission

To make a meaningful contribution to social cohesion by encouraging an appreciation of the positive and valuable contribution of art and religion from all cultures to local and global communities.

The interart forum's goal is to make a meaningful contribution to social cohesion by encouraging an appreciation of the positive and valuable contribution of art and religion from all cultures to local and global communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$2,206▲ $2,206
Total Assets$690,000$692,206▲ $2,206
Other Assets Total$690,000$690,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$690,000$691,206▲ $1,206
Net Assets With Donor Restrictions-$1,000-
Total Net Assets Fund Balance$690,000$692,206▲ $2,206
Total Liabilities and Net Assets / Fund Balance$690,000$692,206▲ $2,206

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$690,000--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Louis M PerlmanPresident
Robert a AronovDirector
Sung Won KimDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$24,366
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$24,366
Change in Net Assets
$2,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,160
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
Fees for Services Other-$21,635-$21,635
Fees for Services Accounting-$525-$525
Total Functional Expenses$0$22,160$0$22,160
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 8B

“The organization does not have committees, as the board consists of 3 members. As the organization grows the need for committees with the authority to act on behalf of the governing body will be considered.”

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

“The organization is in the start-up phase and plans to provide a copy of the form 990 to all members of its governing body prior to filing.”

Form 990, Part VI, Section C, Line 18

“The organization is in the start-up phase and is in the process of determining the procedure that will be used to make its forms 990 available to the public.”

Form 990, Part VI, Section C, Line 19

“The organization is in the start-up phase and is in the process of determining the procedure that will be used to make its governing documents, conflict of interest policy, and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Interart Forum Inc
EIN
87-1502968
Phone
2122238291
Address
9 EAST 62ND STREET, NEW YORK, NY 10065

Signing Officer

Name
Louis M Perlman
Title
President of the Corporation
Phone
2122238291
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis M Perlman
Formed
2021
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Beers Hamerman Cohen & Burger Pc
Address
234 CHURCH STREET, NEW HAVEN, CT 06510
Preparer
Francis Broderick
Phone
2037876527
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bank fees: program service expenses 0. Management and general expenses 343. Fundraising expenses 0. Total expenses 343. Consulting: program service expenses 0. Management and general expenses 21,292. Fundraising expenses 0. Total expenses 21,292.”

Raw XML Appendix272 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/ActivityOrMissionDesc0THE INTERART FORUM'S GOAL IS TO MAKE A MEANINGFUL CONTRIBUTION TO SOCIAL COHESION BY ENCOURAGING AN APPRECIATION OF THE POSITIVE AND VALUABLE CONTRIBUTION OF ART AND RELIGION FROM ALL CULTURES TO LOCAL AND GLOBAL COMMUNITIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS IN THE START-UP PHASE AND PLANS TO PROVIDE A COPY OF THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS IN THE START-UP PHASE AND IS IN THE PROCESS OF DETERMINING THE PROCEDURE THAT WILL BE USED TO MAKE ITS FORMS 990 AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS IN THE START-UP PHASE AND IS IN THE PROCESS OF DETERMINING THE PROCEDURE THAT WILL BE USED TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 343. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 343. CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,292. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,292.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LOUIS M PERLMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT OF THE CORPORATION
ReturnHeader/BusinessOfficerGrp/PhoneNum02122238291
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INTERART FORUM INC
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0871502968
ReturnHeader/Filer/PhoneNum02122238291
ReturnHeader/Filer/USAddress/AddressLine1Txt09 EAST 62ND STREET
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010065
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0234 CHURCH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW HAVEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006510
ReturnHeader/PreparerPersonGrp/PhoneNum02037876527
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCIS BRODERICK
ReturnHeader/ReturnTs02024-11-15T09:56:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$692,206
Liabilities
$0
Net assets
$692,206
Revenue
$24,366
Expenses
$22,160
Net income
$2,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.91$0.00$6.91$0.33$0.36$0.02
2023Detailed filing. Detailed filing data is available for this year.$6.92$0.00$6.92$0.24$0.22$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$0.00$6.90$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$6.90$0.00$6.90$6.90$0.00$6.90