Civic Intelligence

The Pendulum Project Inc

EIN 87-2440411 • 501(c)3 • New York, NY

Profile

The pendulum project, inc. Is a non-profit that engages in cinematic storytelling and mentoring a new generation of creators. Based in new york, ny the pendulum project uses both digital resources and in-person events to build a community of creatives across the united states, a community committed to making society work for everyone.

CO Bell CO 122 E 42nd St FL 31New York, NY 10168

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

10th percentile

-35%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-24%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$544,980

Down $175,445 (-24%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$544,980

Down $175,445 (-24%) from 2021

Revenue

Down

$500,000

Down $500,000 (-50%) from 2021

Expenses

Up

$675,445

Up $395,870 (+142%) from 2021

Net Income

Down

-$175,445

Down $895,870 (-124%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2021: $720,425Liabilities 2021: $0Net Assets 2021: $720,4252021Assets 2022: $544,980Liabilities 2022: $0Net Assets 2022: $544,9802022

Highlighted filing

2022

Assets$544,980
Liabilities$0
Net Assets$544,980

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2021: $1,000,000Expenses 2021: $279,575Net Income 2021: $720,4252021Revenue 2022: $500,000Expenses 2022: $675,445Net Income 2022: -$175,4452022

Highlighted filing

2022

Revenue$500,000
Expenses$675,445
Net Income-$175,445

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$500,000
Mission and Program Overview

Mission

The pendulum project, inc. Is a non-profit that engages in cinematic storytelling and mentoring a new generation of creators. Based in new york, ny the pendulum project uses both digital resources and in-person events to build a community of creatives across the united states, a community committed to making society work for everyone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$720,425$544,980▼ $175,445
Receivables From Officers Etc$500,000$500,000→ $0
Cash and Non-Interest-Bearing Accounts$220,425$44,980▼ $175,445
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$720,425$544,980▼ $175,445
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$720,425$544,980▼ $175,445
Total Liabilities and Net Assets / Fund Balance$720,425$544,980▼ $175,445
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven SoderberghPresident
Adam PogoffSecretary
Kurt AndersenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$500,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$500,000
Change in Net Assets
$-175,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$675,445
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$462,500$122,101-$584,601
Fees for Services Management-$61,250-$61,250
Travel$14,725--$14,725
Advertising$12,500--$12,500
Fees for Services Accounting-$840-$840
Office Expenses-$839-$839
Other Expenses-$39-$39
Total Functional Expenses$489,725$185,720$0$675,445
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-35% CONTROLLED ENTITY OF DIRECTORProducing Fee for Program ServiceNo$200,000
-35% CONTROLLED ENTITY OF DIRECTORFee for Management Services and Producing Fee for Program ServicesNo$122,500

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$500,000$500,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
Yes
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
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 copy of the form 990 is provided to the board of directors for review and approval before the form is filed with the irs.

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

The organization requires disclosure statements to be completed by directors, officers and key person and submitted to the audit committee or chair of the board after the conflict of interest policy is adopted, and annually thereafter. A related party who has interest in a related party transactions is prohibited from participating in the governing body's deliberations or voting relating to a related party transaction.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
The Pendulum Project Inc
EIN
87-2440411
Phone
2129496700
Address
CO BELL CO 122 E 42ND ST FL 31, NEW YORK, NY 10168

Signing Officer

Name
Steven Soderbergh
Title
President
Phone
2129496700
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Soderbergh
Formed
2021
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
BELL & COMPANY CPA'S PC
Address
122 EAST 42ND STREET 31ST FLOOR, NEW YORK, NY 10168
Preparer
Evan R Bell CPA
Phone
2129496700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside services: program service expenses 201,250. Management and general expenses 122,101. Fundraising expenses 0. Total expenses 323,351. Producing fees: program service expenses 261,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 261,250.

Raw XML Appendix333 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/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE PENDULUM PROJECT, INC. IS A NON-PROFIT THAT ENGAGES IN CINEMATIC STORYTELLING AND MENTORING A NEW GENERATION OF CREATORS. BASED IN NEW YORK, NY THE PENDULUM PROJECT USES BOTH DIGITAL RESOURCES AND IN-PERSON EVENTS TO BUILD A COMMUNITY OF CREATIVES ACROSS THE UNITED STATES, A COMMUNITY COMMITTED TO MAKING SOCIETY WORK FOR EVERYONE.
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IRS990/OtherExpensesGrp/Desc2BANK CHARGES
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IRS990/ProgSrvcAccomActyOtherGrp/Desc01. LAUNCHING A PROGRAM TO PROVIDE NEW TALENT WITH THE OPPORTUNITY TO HAVE THEIR WORK VIEWED AND CRITIQUED BY A PANEL OF INDUSTRY EXPERTS.2. HOSTING LOCAL, INTIMATE EVENTS TO BUILD BRIDGES BETWEEN CIVIC ENGAGEMENT ORGANIZATIONS AND NEXT GENERATION ARTIST COMMUNITIES.3. RECRUITING AND DEVELOPING CONTACTS BETWEEN INDUSTRY EXPERTS AND YOUNG CREATORS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE THE FORM IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES DISCLOSURE STATEMENTS TO BE COMPLETED BY DIRECTORS, OFFICERS AND KEY PERSON AND SUBMITTED TO THE AUDIT COMMITTEE OR CHAIR OF THE BOARD AFTER THE CONFLICT OF INTEREST POLICY IS ADOPTED, AND ANNUALLY THEREAFTER. A RELATED PARTY WHO HAS INTEREST IN A RELATED PARTY TRANSACTIONS IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS OR VOTING RELATING TO A RELATED PARTY TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 201,250. MANAGEMENT AND GENERAL EXPENSES 122,101. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 323,351. PRODUCING FEES: PROGRAM SERVICE EXPENSES 261,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 261,250.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0185720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0489725
IRS990/TotalFunctionalExpensesGrp/TotalAmt0675445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0720425
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0544980
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0146917
IRS990/TotalProgramServiceExpensesAmt0489725
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0500000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0720425
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0544980
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt014725
IRS990/TravelGrp/TotalAmt014725
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O BELL CO 122 E 42ND ST FL 31
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010168
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN SODERBERGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02129496700
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PENDULUM PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0PEND
ReturnHeader/Filer/EIN0872440411
ReturnHeader/Filer/PhoneNum02129496700
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO BELL CO 122 E 42ND ST FL 31
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010168
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133769291
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BELL & COMPANY CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0122 EAST 42ND STREET 31ST FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010168
ReturnHeader/PreparerPersonGrp/PhoneNum02129496700
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVAN R BELL CPA
ReturnHeader/ReturnTs02023-11-15T16:32:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SODERBERGH
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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