Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Big Heavy World Foundation Inc
EIN 01-0581546 • 501(c)3 • Burlington, VT
Profile
Big Heavy World is established to preserve the historical record of music originating in Vermont; to create economic opportunity for Vermont's musicians and the industries vital to them; to develop community among Vermont musicians and their patrons; and to accomplish this mission in a substance-free environment that empowers and educates youth.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
87th percentile
Higher debt load relative to revenue than 87% of similar nonprofits.
Net Margin
28th percentile
Higher net margin than 28% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 18.5% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$0
No earlier filing loaded for comparison.
Liabilities
$20,465
No earlier filing loaded for comparison.
Net Assets
-$20,465
No earlier filing loaded for comparison.
Revenue
$97,460
No earlier filing loaded for comparison.
Expenses
$110,025
No earlier filing loaded for comparison.
Net Income
-$12,565
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $20,465
- Net assets
- -$20,465
- Revenue
- $97,460
- Expenses
- $110,025
- Net income
- -$12,565
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- May 24, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $97,460
Mission and Program Overview
Mission
Big Heavy World is established to preserve the historical record of music originating in Vermont; to create economic opportunity for Vermont's musicians and the industries vital to them; to develop community among Vermont musicians and their patrons; and to accomplish this mission in a substance-free environment that empowers and educates youth.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Our programs operate with a model providing workforce development and education to young adults in a platform of projects that preserve regional arts & build community. All projects are operationally related & include a museum, music archive, community radio station and community & economic development initiatives benefitting young volunteers, 100's of artists and the public. | $72,468 | $72,468 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| James Lockridge | Executive Director | PT | $18,001 | - | $18,001 |
| David Schein | Associate Director | PT | $10,135 | - | $10,135 |
| Mark Bock | Board Member | - | $0 | - | - |
| Bob Colquhoun | Volunteer | PT | $0 | - | - |
| Ross Mickel | Volunteer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Big Heavy World Foundation Inc
- EIN
- 01-0581546
- Phone
- 8028651140
- Address
- PO Box 428, Burlington, VT 05402
Signing Officer
- Name
- James Lockridge
- Title
- Executive Director
- Phone
- 8028651140
- Signed
- 2023-05-24
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Other Expenses included museum artifact costs; bank charges; software subscriptions; insurance; supplies; telecommunications; performance rights licensing for our radio station; workshop event production; travel and meetings; conferences; and business registration fees.”
Form 990-EZ, Part II, Line 26
“Our obligations include a $7,900 SBA loan for Disaster COVID-19 Economic Injury. We have been making payments toward interest.”
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Other Expenses included museum artifact costs; bank charges; software subscriptions; insurance; supplies; telecommunications; performance rights licensing for our radio station; workshop event production; travel and meetings; conferences; and business registration fees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Our obligations include a $7,900 SBA loan for Disaster COVID-19 Economic Injury. We have been making payments toward interest. |
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| ReasonableCauseExplanation/ExplanationTxt | 0 | This was the first year we were required to prepare a form 990EZ instead of submitting the 990 postcard. We did not have funds to pay a tax preparer and it took a great deal of effort for us to understand and complete this much longer form, a process that pushed us past the deadline. When we first began to complete the form we had difficulty with our printer, and when we finished it we learned we had to e-file by law, which introduced a whole cascade of research to locate a free e-filing service. The delay was complicated by the need for the preparer to empty his home of belongings and drive across the country as his family relocated, a period of time without the ability to access records or a computer. Accounting data and the ability to focus on preparation of the form was only possible now, at the time it is being submitted. Thank you for understanding! |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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| ReturnHeader/ReturnTs | 0 | 2023-05-24T16:04:37-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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