Civic Intelligence

Latchis Arts Inc.

990 • Fiscal year 2014 • EIN 03-0231573

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 13, 2015

50 Main StreetBrattleboro, VT 05301

(802) 254-1109

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.14x

Higher debt load relative to assets than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

0.85x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

39th percentile

$27,500

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

29th percentile

-4.0%

Faster revenue growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,063,092

Up $235,919 (+13%) from 2013

Net Assets

Up

$1,781,502

Up $244,745 (+16%) from 2013

Liabilities

Down

$281,590

Down $8,826 (-3.0%) from 2013

Revenue

Down

$332,341

Down $13,728 (-4.0%) from 2013

Expenses

Up

$114,411

Up $31,714 (+38%) from 2013

Net Income

Down

$217,930

Down $45,442 (-17%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,752,526Liabilities 2011: $312,522Net Assets 2011: $1,440,0042011Assets 2012: $1,588,683Liabilities 2012: $315,298Net Assets 2012: $1,273,3852012Assets 2013: $1,827,173Liabilities 2013: $290,416Net Assets 2013: $1,536,7572013Assets 2014: $2,063,092Liabilities 2014: $281,590Net Assets 2014: $1,781,5022014Assets 2015: $1,864,628Liabilities 2015: $271,394Net Assets 2015: $1,593,2342015Assets 2016: $1,879,220Liabilities 2016: $262,659Net Assets 2016: $1,616,5612016Assets 2017: $1,667,645Liabilities 2017: $251,000Net Assets 2017: $1,416,6452017Assets 2018: $1,554,089Liabilities 2018: $243,875Net Assets 2018: $1,310,2142018Assets 2019: $1,364,662Liabilities 2019: $232,683Net Assets 2019: $1,131,9792019Assets 2020: $1,166,742Liabilities 2020: $226,918Net Assets 2020: $939,8242020Assets 2021: $1,259,053Liabilities 2021: $222,290Net Assets 2021: $1,036,7632021Assets 2022: $1,308,952Liabilities 2022: $215,047Net Assets 2022: $1,093,9052022Assets 2023: $1,307,535Liabilities 2023: $207,382Net Assets 2023: $1,100,1532023Assets 2024: $1,228,132Liabilities 2024: $203,323Net Assets 2024: $1,024,8092024Assets 2025: $1,091,869Liabilities 2025: $190,875Net Assets 2025: $900,9942025

Highlighted filing

2014

Assets$2,063,092
Liabilities$281,590
Net Assets$1,781,502

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $131,699Expenses 2011: $113,589Net Income 2011: $18,1102011Revenue 2012: $206,641Expenses 2012: $130,611Net Income 2012: $76,0302012Revenue 2013: $346,069Expenses 2013: $82,697Net Income 2013: $263,3722013Revenue 2014: $332,341Expenses 2014: $114,411Net Income 2014: $217,9302014Revenue 2015: $71,624Expenses 2015: $104,889Net Income 2015: -$33,2652015Revenue 2016: $133,752Expenses 2016: $110,425Net Income 2016: $23,3272016Revenue 2017: $87,112Expenses 2017: $129,421Net Income 2017: -$42,3092017Revenue 2018: $88,364Expenses 2018: $129,192Net Income 2018: -$40,8282018Revenue 2019: $117,994Expenses 2019: $112,685Net Income 2019: $5,3092019Revenue 2020: $145,425Expenses 2020: $139,125Net Income 2020: $6,3002020Revenue 2021: $73,556Expenses 2021: $83,486Net Income 2021: -$9,9302021Revenue 2022: $103,735Expenses 2022: $97,477Net Income 2022: $6,2582022Revenue 2023: $278,340Expenses 2023: $191,366Net Income 2023: $86,9742023Revenue 2024: $249,172Expenses 2024: $161,818Net Income 2024: $87,3542024Revenue 2025: $188,359Expenses 2025: $203,767Net Income 2025: -$15,4082025

Highlighted filing

2014

Revenue$332,341
Expenses$114,411
Net Income$217,930
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$332,776
Mission and Program Overview

Mission

Renovations of latchis theatre in brattleboro, vermont

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,196,713$1,626,151▲ $429,438
Intangible Assets$330,359$308,335▼ $22,024
Savings and Temporary Cash Investments$257,772$64,395▼ $193,377
Cash and Non-Interest-Bearing Accounts$41,719$51,418▲ $9,699
Other Notes and Loans Receivable, Net-$10,000-
Accounts Receivable-$2,350-
Land, Buildings, and Equipment, Net$610$443▼ $167
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,827,173$2,063,092▲ $235,919
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$289,218$279,162▼ $10,056
Accounts Payable and Accrued Expenses$1,198$2,428▲ $1,230
Total Liabilities$290,416$281,590▼ $8,826
Net Assets / Fund Balance
Unrestricted Net Assets$1,531,612$1,776,357▲ $244,745
Temporarily Rstr Net Assets$5,145$5,145→ $0
Total Net Assets Fund Balance$1,536,757$1,781,502▲ $244,745
Total Liabilities and Net Assets / Fund Balance$1,827,173$2,063,092▲ $235,919

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$443$3,470$3,913
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gail NunziataMng DirectorPT$27,500$27,500
Jonathan PotterMng DirectorPT$900$900

Board Members and Trustees

NameTitle
Lisa BlochPresident
Gordan HaywardVice President
Anne LatchisDirector
Janet WallsteinDirector
Jeff WoodwardDirector
Jonathan SchwartzDirector
Marty RamsburgDirector
Thomas BunnellDirector
Jenny BurtisSecretary
Shea WitzbergerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$252,848
Program Service Revenue
$50,226
Investment Income
$22,911
Other Revenue
$6,356
All Other Contributions
$229,348
Change in Net Assets
$217,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,315
Salaries, Compensation, and Employee Benefits$33,096
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$28,400--$28,400
Depreciation Depletion$22,191--$22,191
Interest$12,536--$12,536
Fees for Services Other$5,850--$5,850
Office Expenses$5,138--$5,138
Fees for Services Accounting$2,756--$2,756
Other Employee Benefits$2,523--$2,523
Payroll Taxes$2,173--$2,173
Insurance$1,209--$1,209
Advertising$753--$753
Other Expenses$570--$570
All Other Expenses$277--$277
Travel$272--$272
Total Functional Expenses$114,411$0$0$114,411
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the managing director

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

EIN
03-0231573
Phone
8022541109

Signing Officer

Name
Lisa Bloch
Title
President
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
24

Preparer

Preparer
Joseph S Pieciak Jr CPA
Phone
8022571307
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

= $26815

Financial Statement Notes

Part X : FIN48 Footnote

Management has analyzed its various federal and state income tax filings for the last three preceding years that remain open within the statute of limitations and they believe that Latchis' reported revenues and deductions are well documented and supported, and that no controversial or questionable income tax reporting positions have been taken regarding these filings. Consequently, management believes that there are no unasserted tax liabilities, interest or penalties related to these filings and, accordingly, has made no provision for contingent income tax liabilities.

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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/OtherExpensesGrp/Desc0EVENTS EXPENSE
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2BOARD DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3DUES AND MEMBERSHIPS
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IRS990/OtherExpensesGrp/ProgramServicesAmt2863
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc1PRODUCED EVENTS
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL PROJECTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123773
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt026765
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03470
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03913
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has analyzed its various federal and state income tax filings for the last three preceding years that remain open within the statute of limitations and they believe that Latchis' reported revenues and deductions are well documented and supported, and that no controversial or questionable income tax reporting positions have been taken regarding these filings. Consequently, management believes that there are no unasserted tax liabilities, interest or penalties related to these filings and, accordingly, has made no provision for contingent income tax liabilities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0443
IRS990ScheduleD/TotalBookValueSecuritiesAmt01626151
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE MANAGING DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2= $26815
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.09$0.19$0.90$0.19$0.20$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.23$0.20$1.02$0.25$0.16$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.31$0.21$1.10$0.28$0.19$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.22$1.09$0.10$0.10$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.26$0.22$1.04$0.07$0.08$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.23$0.94$0.15$0.14$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.23$1.13$0.12$0.11$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.55$0.24$1.31$0.09$0.13$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.25$1.42$0.09$0.13$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.26$1.62$0.13$0.11$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.86$0.27$1.59$0.07$0.10$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.06$0.28$1.78$0.33$0.11$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.29$1.54$0.35$0.08$0.26
2012Summary only. Only limited summary data is available for this year.$1.59$0.32$1.27$0.21$0.13$0.08
2011Summary only. Only limited summary data is available for this year.$1.75$0.31$1.44$0.13$0.11$0.02