Civic Intelligence

The Carving Studio & Sculpture Center

990 • Fiscal year 2016 • EIN 03-0325486

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 15, 2017

PO Box 495West Rutland, VT 05777

(802) 438-2097

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.06x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

22nd percentile

-9.4%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$41,390

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

34th percentile

-2.5%

Faster asset growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

4.6%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$542,179

Down $14,024 (-2.5%) from 2015

Net Assets

Down

$527,960

Down $24,020 (-4.4%) from 2015

Liabilities

Up

$14,219

Up $9,996 (+237%) from 2015

Revenue

Up

$255,290

Up $11,196 (+4.6%) from 2015

Expenses

Up

$279,310

Up $39,196 (+16%) from 2015

Net Income

Down

-$24,020

Down $28,000 (-704%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $506,848Liabilities 2011: $1,963Net Assets 2011: $504,8852011Assets 2012: $566,460Liabilities 2012: $2,701Net Assets 2012: $563,7592012Assets 2013: $590,428Liabilities 2013: $7,440Net Assets 2013: $582,9882013Assets 2014: $560,336Liabilities 2014: $12,334Net Assets 2014: $548,0022014Assets 2015: $556,203Liabilities 2015: $4,223Net Assets 2015: $551,9802015Assets 2016: $542,179Liabilities 2016: $14,219Net Assets 2016: $527,9602016Assets 2017: $642,220Liabilities 2017: $6,612Net Assets 2017: $635,6082017Assets 2018: $611,520Liabilities 2018: $1,123Net Assets 2018: $610,3972018Assets 2019: $654,014Liabilities 2019: $11,548Net Assets 2019: $642,4662019Assets 2020: $810,441Liabilities 2020: $134,336Net Assets 2020: $676,1052020Assets 2021: $902,445Liabilities 2021: $129,859Net Assets 2021: $772,5862021Assets 2022: $909,782Liabilities 2022: $125,202Net Assets 2022: $784,5802022Assets 2023: $858,557Liabilities 2023: $124,134Net Assets 2023: $734,4232023Assets 2024: $871,867Liabilities 2024: $120,137Net Assets 2024: $751,7302024

Highlighted filing

2016

Assets$542,179
Liabilities$14,219
Net Assets$527,960

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $207,020Expenses 2011: $263,714Net Income 2011: -$56,6942011Revenue 2012: $307,123Expenses 2012: $248,249Net Income 2012: $58,8742012Revenue 2013: $289,750Expenses 2013: $270,553Net Income 2013: $19,1972013Revenue 2014: $231,918Expenses 2014: $266,904Net Income 2014: -$34,9862014Revenue 2015: $244,094Expenses 2015: $240,114Net Income 2015: $3,9802015Revenue 2016: $255,290Expenses 2016: $279,310Net Income 2016: -$24,0202016Revenue 2017: $444,835Expenses 2017: $337,187Net Income 2017: $107,6482017Revenue 2018: $358,095Expenses 2018: $383,306Net Income 2018: -$25,2112018Revenue 2019: $436,474Expenses 2019: $404,405Net Income 2019: $32,0692019Revenue 2020: $294,499Expenses 2020: $260,860Net Income 2020: $33,6392020Revenue 2021: $394,467Expenses 2021: $297,986Net Income 2021: $96,4812021Revenue 2022: $393,341Expenses 2022: $376,458Net Income 2022: $16,8832022Revenue 2023: $363,244Expenses 2023: $413,401Net Income 2023: -$50,1572023Revenue 2024: $415,592Expenses 2024: $398,285Net Income 2024: $17,3072024

Highlighted filing

2016

Revenue$255,290
Expenses$279,310
Net Income-$24,020
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 15, 2017
Return Version
2016v3.0
Gross Receipts
$261,385
Mission and Program Overview

Mission

Promotes art of scuplture using mediums of stone & wood; provides educational classes, workshops and workspace

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$551,980$527,960▼ $24,020
Land, Buildings, and Equipment, Net$492,208$468,306▼ $23,902
Savings and Temporary Cash Investments$53,646$60,088▲ $6,442
Cash and Non-Interest-Bearing Accounts$10,348$13,785▲ $3,437
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$556,203$542,179▼ $14,024
Other Assets Total$1$0▼ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property-$10,000-
Accounts Payable and Accrued Expenses$4,223$4,219▼ $4
Total Liabilities$4,223$14,219▲ $9,996
Net Assets / Fund Balance
Total Net Assets Fund Balance$551,980$527,960▼ $24,020
Total Liabilities and Net Assets / Fund Balance$556,203$542,179▼ $14,024

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$283,056$99,797$382,853
Leasehold Improvements$154,523$88,626$243,149
Equipment$30,727$65,225$95,952
Other Land Buildings-$1,734$1,734
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol DriscollExecutive DirectorFT$41,390$41,390
Tom KearnsStudio ManagerPT$17,426$17,426
Darby GorhamBookkeeper/office AssistantPT$15,161$15,161
Johnathon LafargeStudio ManagerPT$8,929$8,929

Board Members and Trustees

NameTitle
Robert BlackPresident
Paula WalczykVice President
Bill NuttDirector
Christine DiekelDirector
Dina TorransDirector
James LevinsDirector
Michael WeinbergerDirector
Pam BrownDirector
Philip GawetDirector
Scott StollDirector
Westy EgmontDirector
Tim SchnellerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$118,030
Program Service Revenue
$120,635
Investment Income
$40
Other Revenue
$16,585
All Other Contributions
$113,992
Change in Net Assets
$-24,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,685
Salaries, Compensation, and Employee Benefits$100,625
Total Fundraising Expense$11,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$28,666$13,645$1,516$43,827
Current Officers, Directors, Trustees, and Key Employees-$37,251$4,139$41,390
Occupancy$40,434--$40,434
Depreciation Depletion$23,902--$23,902
Advertising$16,271--$16,271
Payroll Taxes$3,825$3,894$432$8,151
Other Employee Benefits-$6,531$726$7,257
Office Expenses-$5,760-$5,760
Other Expenses$36,913-$4,750$4,750
Fees for Services Other$4,349--$4,349
Insurance-$2,093-$2,093
Fees for Services Accounting-$1,175-$1,175
Total Functional Expenses$197,398$70,349$11,563$279,310
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,680
Fundraising Direct Expenses$6,095
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$9,565$9,565-$9,565
Marble Mardi Gras$6,665$6,665$4,660$2,005
Total Events$22,680$22,680$6,095$16,585
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
No
Annual disclosure for covered persons
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

No review was or will be conducted.

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

Available to Public upon Request

Filing and Contact Details

Filer

Filer Name
The Carving Studio & Sculpture Center
EIN
03-0325486
Phone
8024382097
Address
PO BOX 495, WEST RUTLAND, VT 05777

Signing Officer

Name
Carol Driscoll
Title
Executive Direc
Signed
2017-04-15
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
50

Preparer

Firm
Sanborn Tuepker Associates Pc
Address
43 Crescent Street, Rutland, VT 05701
Preparer
Patricia Sanborn
Phone
8027751984
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02093
IRS990/InsuranceGrp/TotalAmt02093
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt040
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt040
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0255382
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0492208
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0468306
IRS990/LandBldgEquipCostOrOtherBssAmt0723688
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt04038
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0PROMOTES ART OF SCUPLTURE USING MEDIUMS OF STONE & WOOD; PROVIDES EDUCATIONAL CLASSES, WORKSHOPS AND WORKSPACE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010000
IRS990/NetAssetsOrFundBalancesBOYAmt0551980
IRS990/NetAssetsOrFundBalancesEOYAmt0527960
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt016585
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt016585
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt040434
IRS990/OccupancyGrp/TotalAmt040434
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05760
IRS990/OfficeExpensesGrp/TotalAmt05760
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0726
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06531
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07257
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1COURSE EXPENSE
IRS990/OtherExpensesGrp/Desc2OTHER LABOR
IRS990/OtherExpensesGrp/FundraisingAmt04750
IRS990/OtherExpensesGrp/ProgramServicesAmt043038
IRS990/OtherExpensesGrp/ProgramServicesAmt136913
IRS990/OtherExpensesGrp/TotalAmt043038
IRS990/OtherExpensesGrp/TotalAmt136913
IRS990/OtherExpensesGrp/TotalAmt24750
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01516
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013645
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt028666
IRS990/OtherSalariesAndWagesGrp/TotalAmt043827
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0432
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03894
IRS990/PayrollTaxesGrp/ProgramServicesAmt03825
IRS990/PayrollTaxesGrp/TotalAmt08151
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Product Sales-Net
IRS990/ProgramServiceRevenueGrp/Desc1Programs (Net of refunds)
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017657
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1102978
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017657
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1102978
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0101459
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt018
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0145379
IRS990/PYOtherRevenueAmt013706
IRS990/PYProgramServiceRevenueAmt0128911
IRS990/PYRevenuesLessExpensesAmt03980
IRS990/PYSalariesCompEmpBnftPaidAmt094735
IRS990/PYTotalExpensesAmt0240114
IRS990/PYTotalRevenueAmt0244094
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-24020
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0551980
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0527960
IRS990/SavingsAndTempCashInvstGrp/BOYAmt053646
IRS990/SavingsAndTempCashInvstGrp/EOYAmt060088
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0118030
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0101459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt081274
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0127836
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0184290
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0612889
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt018
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt058
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0151202
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0128911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0131124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0145795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0115551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0672583
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt058
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt022680
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013706
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt019515
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt016113
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07282
IRS990ScheduleA/OtherIncome509Grp/TotalAmt079296
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94190
IRS990ScheduleA/PublicSupportPY509Pct00.94460
IRS990ScheduleA/PublicSupportTotal509Amt01285472
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.72$1.20$7.52$4.16$3.98$0.17
2023Detailed filing. Detailed filing data is available for this year.$8.59$1.24$7.34$3.63$4.13$0.50
2022Detailed filing. Detailed filing data is available for this year.$9.10$1.25$7.85$3.93$3.76$0.17
2021Detailed filing. Detailed filing data is available for this year.$9.02$1.30$7.73$3.94$2.98$0.96
2020Detailed filing. Detailed filing data is available for this year.$8.10$1.34$6.76$2.94$2.61$0.34
2019Detailed filing. Detailed filing data is available for this year.$6.54$0.12$6.42$4.36$4.04$0.32
2018Detailed filing. Detailed filing data is available for this year.$6.12$0.01$6.10$3.58$3.83$0.25
2017Detailed filing. Detailed filing data is available for this year.$6.42$0.07$6.36$4.45$3.37$1.08
2016Detailed filing. Detailed filing data is available for this year.$5.42$0.14$5.28$2.55$2.79$0.24
2015Detailed filing. Detailed filing data is available for this year.$5.56$0.04$5.52$2.44$2.40$0.04
2014Summary only. Only limited summary data is available for this year.$5.60$0.12$5.48$2.32$2.67$0.35
2013Summary only. Only limited summary data is available for this year.$5.90$0.07$5.83$2.90$2.71$0.19
2012Summary only. Only limited summary data is available for this year.$5.66$0.03$5.64$3.07$2.48$0.59
2011Summary only. Only limited summary data is available for this year.$5.07$0.02$5.05$2.07$2.64$0.57