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Transition Cb INC FY2022 filing

Villanova, PAUnknown exempt organizationEIN 82-2103557

To produce and present musical concerts that expand the public's knowledge and experiences through exposure to unique artists and programs.

77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $2K a year · 25% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5K
Spent
$8K
To programs
77%
Net assets
$953
By yearFY2022–FY2023
Revenue
$5K
FY2022
Revenue by fiscal year
FY2022$5K
FY2023$10K
Expenses
$8K
FY2022
Expenses by fiscal year
FY2022$8K
FY2023$11K
Net assets
$953
FY2022
Net assets by fiscal year
FY2022$953
FY2023$0

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $6K Management & general 23% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Dan Fujita
President
$0Pt VII · Sec A
Nicholas Belasco
Vice President, Treasurer, Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Transition Cb INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Presents unique musical concerts to broaden public knowledge and experience.

Provided by the organization

This section is blank until Transition Cb INC claims this page.

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2 program services account for $6K of program spending, described in the organization's own filed words · FY2022.
01

Research and preparatory work for the establishment of an internationally-operating 501(c)3 concert producing and presenting organization, including legal consultation, research on tax issues, market research, the creation of a new organization and the establishment of its foreign subsidiary, the drafting of their organizing documents…

$6Kprogram expense
02

General support to a charitable organization supporting the arts.

$200program expense

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By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5K
Ln 12
Gifts and grantsLn 1h$5K
Money outPt IX
$8K
Ln 25
Programscol B$6K
Managementcol C$2K
Owns and owesPt X
$953
net assets · Ln 32
Cash and savingsLn 1–2$700
Total assetsLn 16$953
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$700
Cash and savings togetherLn 1–2$700
Land, buildings, equipmentLn 10c$25
Other assetsLn 15$228
Total assetsLn 16$953
LiabilitiesLn 26$0
Net assetsLn 32$953
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3K$700
Land, buildings, equipmentLn 10c$68$25
Total assetsLn 16$4K$953
LiabilitiesLn 26$0$0
Net assetsLn 32$4K$953
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$882$882
Grants and assistance to foreign recipientsLn 3$200$200
Management feesLn 11a$6K$4K$1K
Legal feesLn 11b$722$722
Office expensesLn 13$256$256
Information technologyLn 14$90$90
Depreciation, depletion and amortizationLn 22$70$27$43
Other expenses (24a–d)Ln 24$32$32$0$0
Total functional expensesLn 25$8K$6K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $10K$11K−$614$0 990 PDF
FY2022 Viewing $5K$8K−$3K$953 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $4,900 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$4,900
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,900
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,900
Part IX · Statement of functional expenses $8,012 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $882$882
IX-3 Grants and assistance to foreign recipientsPrograms $200$200
IX-11a Management feesPrograms $4,320 · Management $1,440$5,760
IX-11b Legal feesPrograms $722$722
IX-13 Office expensesManagement $256$256
IX-14 Information technologyManagement $90$90
IX-22 Depreciation, depletion and amortizationPrograms $27 · Management $43$70
IX-24 Other expenses (24a–d)Programs $32 · Management $0 · Fundraising $0$32
IX-25 Total functional expensesPrograms $6,183 · Management $1,829 · Fundraising $0$8,012
Part X · Balance sheet $953 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $3,431$700
X-10c Land, buildings and equipment, netStart of year $68$25
X-14 Intangible assetsStart of year $353$0
X-15 Other assetsStart of year $213$228
X-16 Total assetsStart of year $4,065$953
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,065$953
X-33 Total liabilities and net assetsStart of year $4,065$953
Part XI · Reconciliation of net assets $953 net assets at year end
XI-1 Total revenue$4,900
XI-2 Total expenses$8,012
XI-3 Revenue less expenses−$3,112
XI-4 Net assets at start of year$4,065
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$953

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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