Tbac Wind Down Ltd
- Assets
- $0.0
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 02/2019
- EIN
- 13-2906037
Organization Overview
Tbac Wind Down Ltd is located in Brooklyn, NY. Tbac Wind Down Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2019, Tbac Wind Down Ltd generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.3%) each year. All expenses for the organization totaled $173.5k during the year ending 02/2019. As we would expect to see with falling revenues, expenses have declined by (78.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATION AND PERFORMANCE OF AN ANNUAL PRODUCTION WAS ALWAYS THE CENTRAL ACTIVITY FOR THE CIRCUS. THIS PRODUCTION ASSURED THE ORGANIZATION'S ARTISTIC INTEGRITY AND GUIDES THE DEVELOPMENT OF ITS FIVE COMMUNITY OUTREACH PROGRAMS. EACH YEAR, THE CIRCUS USED ITS INTERCULTURAL APPEAL AS THE BASIS FOR OUTREACH TO DIVERSE AUDIENCES, TRANSFORMING THE CIRCUS ACTS INTO A RESOURCE FOR PHYSICALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES. FIVE OUTREACH PROGRAMS, CLOWN CARE, VAUDEVILLE CARAVAN, CIRCUS OF THE SENSES, CIRCUS FOR ALL! AND CIRCUS AFTER SCHOOL, CONTINUED TO BRING THE ARTISTRY OF THE CIRCUS TO SPECIAL AUDIENCES, UNDER THE BIG TOP, AND IN HOSPITALS AND COMMUNITY CENTERS. AS A RESULT OF THE CHAPTER 11 BANKRUPTCY PROCEEDINGS, TBAC WIND DOWN, LTD. CEASED OPERATIONS AND LIQUIDATED ALL OF ITS ASSETS AND MADE A FINAL PRO RATE DISTRIBUTION TO CREDITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A RESULT OF THE CHAPTER 11 BANKRUPTCY PROCEEDINGS, THE BIG APPLE CIRCUS USED THE REMAINING ASSETS TO MAKE CONTRIBUTIONS TO OTHER NFP ORGANIZATIONS, PURSUANT TO ITS PLAN OF LIQUIDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Boe Plan Administrator | Officer | 10 | $29,978 |
Paul Belanger CFO | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seiden Advertising Advertising | 7/30/16 | $619,688 |
Audienceview Ticketing Ticketing Services | 7/30/16 | $280,449 |
Christie Lites Orlando Show Labor | 7/30/16 | $206,142 |
Colson Services Corp Financial Services | 7/30/16 | $194,000 |
Centro Inc Advertising | 7/30/16 | $192,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,498 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,144,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,330 |
| Compensation of current officers, directors, key employees. | $23,330 |
| Compensation to disqualified persons | $6,850 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,287 |
| Advertising and promotion | $0 |
| Office expenses | $6,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,526 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $300 |
| Total functional expenses | $173,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Tbac Wind Down Ltd has awarded $62,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRACTURED ATLAS INC PURPOSE: GENERAL SUPPORT | $9,000 |
MARQUIS STUDIOS LTD PURPOSE: GENERAL SUPPORT | $18,000 |
SLAPPY AND MONDAYS FOUNDATION FOR LAUGHTER PURPOSE: GENERAL SUPPORT | $35,000 |