Civic Intelligence

Haystack Mountain School of Crafts

990 • Fiscal year 2014 • EIN 01-0243548

Nov 01, 2013 to Oct 31, 2014 • Filed on Jan 08, 2015

PO Box 518Deer Isle, ME 04627-0518

(207) 348-2306

Siviq Scores

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

Liabilities / Assets

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

16th percentile

0.05x

Higher debt load relative to revenue than 16% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

48th percentile

$164,585

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

89th percentile

25%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

96th percentile

156%

Faster revenue growth than 96% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$10,840,193

Up $2,201,146 (+25%) from 2013

Net Assets

Up

$10,661,175

Up $2,226,424 (+26%) from 2013

Liabilities

Down

$179,018

Down $25,278 (-12%) from 2013

Revenue

Up

$3,460,370

Up $2,107,992 (+156%) from 2013

Expenses

Up

$1,664,550

Up $53,908 (+3.3%) from 2013

Net Income

Up

$1,795,820

Up $2,054,084 (+795%) from 2013

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $7,831,232Liabilities 2011: $216,901Net Assets 2011: $7,614,3312011Assets 2012: $8,211,551Liabilities 2012: $185,831Net Assets 2012: $8,025,7202012Assets 2013: $8,639,047Liabilities 2013: $204,296Net Assets 2013: $8,434,7512013Assets 2014: $10,840,193Liabilities 2014: $179,018Net Assets 2014: $10,661,1752014Assets 2015: $10,614,200Liabilities 2015: $201,220Net Assets 2015: $10,412,9802015Assets 2016: $10,376,978Liabilities 2016: $245,567Net Assets 2016: $10,131,4112016Assets 2017: $11,717,517Liabilities 2017: $140,764Net Assets 2017: $11,576,7532017Assets 2018: $11,980,583Liabilities 2018: $212,710Net Assets 2018: $11,767,8732018Assets 2019: $16,285,319Liabilities 2019: $183,754Net Assets 2019: $16,101,5652019Assets 2020: $17,426,077Liabilities 2020: $267,080Net Assets 2020: $17,158,9972020Assets 2021: $28,778,949Liabilities 2021: $232,453Net Assets 2021: $28,546,4962021Assets 2022: $22,679,292Liabilities 2022: $286,392Net Assets 2022: $22,392,9002022Assets 2023: $22,586,233Liabilities 2023: $208,353Net Assets 2023: $22,377,8802023Assets 2024: $26,303,196Liabilities 2024: $191,935Net Assets 2024: $26,111,2612024

Highlighted filing

2014

Assets$10,840,193
Liabilities$179,018
Net Assets$10,661,175

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,685,870Expenses 2011: $1,615,532Net Income 2011: $70,3382011Revenue 2012: $1,782,682Expenses 2012: $1,638,494Net Income 2012: $144,1882012Revenue 2013: $1,352,378Expenses 2013: $1,610,642Net Income 2013: -$258,2642013Revenue 2014: $3,460,370Expenses 2014: $1,664,550Net Income 2014: $1,795,8202014Revenue 2015: $1,558,032Expenses 2015: $1,858,854Net Income 2015: -$300,8222015Revenue 2016: $1,489,000Expenses 2016: $1,829,690Net Income 2016: -$340,6902016Revenue 2017: $2,031,504Expenses 2017: $1,927,478Net Income 2017: $104,0262017Revenue 2018: $2,221,207Expenses 2018: $2,173,315Net Income 2018: $47,8922018Revenue 2019: $6,797,335Expenses 2019: $2,540,350Net Income 2019: $4,256,9852019Revenue 2020: $2,373,447Expenses 2020: $2,098,451Net Income 2020: $274,9962020Revenue 2021: $9,949,863Expenses 2021: $2,160,881Net Income 2021: $7,788,9822021Revenue 2022: $2,691,742Expenses 2022: $3,755,262Net Income 2022: -$1,063,5202022Revenue 2023: $2,257,534Expenses 2023: $3,079,894Net Income 2023: -$822,3602023Revenue 2024: $2,942,076Expenses 2024: $3,326,326Net Income 2024: -$384,2502024

Highlighted filing

2014

Revenue$3,460,370
Expenses$1,664,550
Net Income$1,795,820
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Jan 8, 2015
Return Version
2013v4.0
Gross Receipts
$3,545,471
Mission and Program Overview

Mission

To teach fine craftsmanship, develop latent or inherent creative ability, and carry on research and development in connection with the crafts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,749,099$8,047,435▲ $2,298,336
Land, Buildings, and Equipment, Net$1,939,640$1,950,381▲ $10,741
Savings and Temporary Cash Investments$459,522$403,986▼ $55,536
Cash and Non-Interest-Bearing Accounts$91,502$191,530▲ $100,028
Inventories for Sale or Use$174,267$162,852▼ $11,415
Prepaid Expenses and Deferred Charges$65,032$44,435▼ $20,597
Accounts Receivable$26,644$21,310▼ $5,334
Pledges and Grants Receivable$133,341$18,264▼ $115,077
Total Assets$8,639,047$10,840,193▲ $2,201,146
Liabilities
Other Liabilities$145,232$142,146▼ $3,086
Accounts Payable and Accrued Expenses$59,064$36,872▼ $22,192
Total Liabilities$204,296$179,018▼ $25,278
Net Assets / Fund Balance
Unrestricted Net Assets$5,287,890$5,418,955▲ $131,065
Permanently Rstr Net Assets$2,439,016$4,506,879▲ $2,067,863
Temporarily Rstr Net Assets$707,845$735,341▲ $27,496
Total Net Assets Fund Balance$8,434,751$10,661,175▲ $2,226,424
Total Liabilities and Net Assets / Fund Balance$8,639,047$10,840,193▲ $2,201,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,629,465$1,086,973$2,716,438
Equipment$157,416$913,797$1,071,213
Land$163,500-$163,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$5,552,034$2,067,863▲ $530,591$289,422$7,858,262
2013$5,026,327$62,431▲ $724,806$246,665$5,552,034
2012$4,930,726$91,137▲ $338,480$319,776$5,026,327
2011$4,686,731$356,228▲ $76,751$188,984$4,930,726
2010$3,972,705$395,935▲ $488,307$170,216$4,686,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stuart KestenbaumDirectorFT$145,805$18,780$164,585
Revenue and Support

Revenue Composition

Contributions and Grants
$2,593,373
Program Service Revenue
$664,660
Investment Income
$97,917
Other Revenue
$104,420
All Other Contributions
$2,500,198
Change in Net Assets
$1,795,820

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
Works of Art-$93,175Sales Price
Securities Publicly Traded8$15,825Mean Value
Total Noncash Contributions8$109,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,419,411
Revenue Not Reported on Financial Statements
$40,959
Revenue Not Reported on Form 990
$430,604
Other Revenue Adjustments
$40,959
Total Revenue per Audited Statements
$3,850,015
Total Revenue per Form 990
$3,460,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,137,595
Salaries, Compensation, and Employee Benefits$526,955
Total Fundraising Expense$132,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$176,268$155,796$86,340$418,404
Office Expenses$82,327$13,375$26,016$121,718
Depreciation Depletion$111,955--$111,955
Insurance$70,354$10,039$1,293$81,686
Other Employee Benefits$41,279$10,500$1,014$52,793
Occupancy$44,820--$44,820
Payroll Taxes$23,565$9,270$4,484$37,319
Travel$35,033--$35,033
Pension Plan Contributions$10,941$4,827$2,671$18,439
Fees for Services Accounting-$14,032-$14,032
Advertising$9,921-$1,939$11,860
Information Technology--$9,017$9,017
Other Expenses$6,780$2,204-$8,984
All Other Expenses$4,275$1,240-$5,515
Fees for Service Investment Mgmnt Fees-$4,746-$4,746
Total Functional Expenses$1,305,747$226,029$132,774$1,664,550

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,664,550
Expenses per Audited Statements$1,623,591
Total Expenses per Audited Statements$1,623,591
Expenses Not Reported on Financial Statements$40,959
Other Expense Adjustments$40,959
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$93,175---
Total Events$93,175---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payment Liability$142,146
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Page 6, Part VI, Line 11B

A draft copy of the form 990 is reviewed by the entire board prior to its filing.

Form 990, Page 6, Part VI, Line 12C

The clerk of the board ensures that each trustee fills out a new conflict of interest form by the fall board meeting and the director reviews the forms.

Form 990, Page 6, Part VI, Line 15A

The head of the personnel committee interviewed two seperate comparable organizations about director compensation and reviewed compensation levels in guidestar 990's. Written annual performance is reviewed by the president of the board, trustees, and the personnel committee and filed in the director's personnel file.

Form 990, Page 6, Part VI, Line 19

Documents (by-laws, audited financial statements, 990's) are available upon request.

Filing and Contact Details

Filer

EIN
01-0243548
Phone
2073482306

Signing Officer

Name
Stuart Kestenbaum
Title
Executive Director
Phone
2073482306
Signed
2015-01-08

Organization Details

Principal Officer
Stuart Kestenbaum
Formed
1950
Legal Domicile
Me
Voting Board Members
24
Independent Board Members
24
Employees
128
Volunteers
40

Preparer

Preparer
Andrew K Laslie CPA
Phone
2073749985
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Decrease in value of split-interest agreement -10,890 f/s expenses netted against sales -40,959 f/s expenses netted against sales 40,959

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Decrease in value of split-interest agreement -10,890

Schedule D, Page 4, Part XI, Line 4B

F/s expenses netted against sales 40,959

Schedule D, Page 4, Part XII, Line 4B

F/s expenses netted against sales 40,959

Raw XML AppendixShowing 400 of 635 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/Form990PartVIISectionAGrp/TitleTxt0HONORARY CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
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IRS990/FormationYr01950
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt093175
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03545471
IRS990/GrossRentsGrp/RealAmt085765
IRS990/GrossSalesOfInventoryAmt0103756
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt09017
IRS990/InformationTechnologyGrp/TotalAmt09017
IRS990/InsuranceGrp/FundraisingAmt01293
IRS990/InsuranceGrp/ManagementAndGeneralAmt010039
IRS990/InsuranceGrp/ProgramServicesAmt070354
IRS990/InsuranceGrp/TotalAmt081686
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0174267
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0162852
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IRS990/LandBldgEquipCostOrOtherBssAmt03951151
IRS990/LegalDomicileStateCd0ME
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO TEACH FINE CRAFTSMANSHIP, DEVELOP LATENT OR INHERENT CREATIVE ABILITY, AND CARRY ON RESEARCH AND DEVELOPMENT IN CONNECTION WITH THE CRAFTS.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt085765
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt052793
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IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2INSTRUCTION
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IRS990/OtherExpensesGrp/ProgramServicesAmt0248762
IRS990/OtherExpensesGrp/ProgramServicesAmt1231200
IRS990/OtherExpensesGrp/ProgramServicesAmt2208267
IRS990/OtherExpensesGrp/ProgramServicesAmt36780
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IRS990/OtherExpensesGrp/TotalAmt1231200
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IRS990/OtherExpensesGrp/TotalAmt38984
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt086340
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0155796
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0176268
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IRS990/PayrollTaxesGrp/ProgramServicesAmt023565
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04827
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010941
IRS990/PensionPlanContributionsGrp/TotalAmt018439
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04506879
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044435
IRS990/PrincipalOfficerNm0STUART KESTENBAUM
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IRS990/ProgramServiceRevenueGrp/Desc0ROOM, BOARD, TUITION, & FEES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0646335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118325
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0503317
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt068204
IRS990/PYOtherExpensesAmt01061429
IRS990/PYOtherRevenueAmt0108978
IRS990/PYProgramServiceRevenueAmt0671879
IRS990/PYRevenuesLessExpensesAmt0-258264
IRS990/PYSalariesCompEmpBnftPaidAmt0549213
IRS990/PYTotalExpensesAmt01610642
IRS990/PYTotalRevenueAmt01352378
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.3$0.19$26.1$2.94$3.33$0.38
2023Detailed filing. Detailed filing data is available for this year.$22.6$0.21$22.4$2.26$3.08$0.82
2022Detailed filing. Detailed filing data is available for this year.$22.7$0.29$22.4$2.69$3.76$1.06
2021Detailed filing. Detailed filing data is available for this year.$28.8$0.23$28.5$9.95$2.16$7.79
2020Detailed filing. Detailed filing data is available for this year.$17.4$0.27$17.2$2.37$2.10$0.27
2019Detailed filing. Detailed filing data is available for this year.$16.3$0.18$16.1$6.80$2.54$4.26
2018Detailed filing. Detailed filing data is available for this year.$12.0$0.21$11.8$2.22$2.17$0.05
2017Detailed filing. Detailed filing data is available for this year.$11.7$0.14$11.6$2.03$1.93$0.10
2016Summary only. Only limited summary data is available for this year.$10.4$0.25$10.1$1.49$1.83$0.34
2015Detailed filing. Detailed filing data is available for this year.$10.6$0.20$10.4$1.56$1.86$0.30
2014Detailed filing. Detailed filing data is available for this year.$10.8$0.18$10.7$3.46$1.66$1.80
2013Summary only. Only limited summary data is available for this year.$8.64$0.20$8.43$1.35$1.61$0.26
2012Summary only. Only limited summary data is available for this year.$8.21$0.19$8.03$1.78$1.64$0.14
2011Summary only. Only limited summary data is available for this year.$7.83$0.22$7.61$1.69$1.62$0.07