Civic Intelligence

The Carving Studio & Sculpture Center

990 • Fiscal year 2018 • EIN 03-0325486

Jan 01, 2018 to Dec 31, 2018 • Filed on May 06, 2019

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

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.00x

Higher debt load relative to revenue than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

25th percentile

-7.0%

Higher net margin than 25% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

28th percentile

-4.8%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-19%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$611,520

Down $30,700 (-4.8%) from 2017

Net Assets

Down

$610,397

Down $25,211 (-4.0%) from 2017

Liabilities

Down

$1,123

Down $5,489 (-83%) from 2017

Revenue

Down

$358,095

Down $86,740 (-19%) from 2017

Expenses

Up

$383,306

Up $46,119 (+14%) from 2017

Net Income

Down

-$25,211

Down $132,859 (-123%) from 2017

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

2018

Assets$611,520
Liabilities$1,123
Net Assets$610,397

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

2018

Revenue$358,095
Expenses$383,306
Net Income-$25,211
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 6, 2019
Return Version
2018v3.1
Gross Receipts
$364,069
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$635,608$610,397▼ $25,211
Land, Buildings, and Equipment, Net$556,879$533,205▼ $23,674
Savings and Temporary Cash Investments$75,790$68,085▼ $7,705
Cash and Non-Interest-Bearing Accounts$9,551$10,229▲ $678
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$642,220$611,520▼ $30,700
Other Assets Total-$1-
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,000--
Accounts Payable and Accrued Expenses$1,612$1,123▼ $489
Total Liabilities$6,612$1,123▼ $5,489
Net Assets / Fund Balance
Total Net Assets Fund Balance$635,608$610,397▼ $25,211
Total Liabilities and Net Assets / Fund Balance$642,220$611,520▼ $30,700

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$269,277$118,997$388,274
Leasehold Improvements$139,911$103,238$243,149
Equipment$45,528$86,524$132,052
Other Land Buildings$78,489$4,375$82,864
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paula WalczykPresident
Christine DiekelVice President
Bill NuttDirector
Elizabeth DietzDirector
Mary DevriesDirector
Pam BrownDirector
Philip GawetDirector
Ryder OwensDirector
Scott StollDirector
James LevinsSecretary
Tim SchnellerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$217,662
Program Service Revenue
$126,575
Investment Income
$921
Other Revenue
$12,937
All Other Contributions
$213,082
Change in Net Assets
$-25,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,754
Salaries, Compensation, and Employee Benefits$103,552
Total Fundraising Expense$11,506
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$79,721$8,858$88,579
Occupancy$46,943--$46,943
Other Expenses$45,858--$45,858
Depreciation Depletion$32,695--$32,695
Advertising$11,936-$949$12,885
Other Employee Benefits-$7,084$787$7,871
Payroll Taxes-$6,392$710$7,102
Office Expenses-$6,978-$6,978
Fees for Services Other-$4,872-$4,872
Insurance-$1,825$202$2,027
Fees for Services Accounting-$825-$825
Total Functional Expenses$264,103$107,697$11,506$383,306
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,911
Fundraising Direct Expenses$5,974
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$10,230$10,230-$10,230
Marble Mardi Gras$6,930$6,930$5,347$1,583
Total Events$17,160$17,160$5,347$11,813
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
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
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
2019-05-06
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
45

Preparer

Firm
Sanborn Tuepker Associates Pc
Address
43 Crescent Street, Rutland, VT 05701
Preparer
Patricia Sanborn
Phone
8027751984
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IRS990/OtherExpensesGrp/TotalAmt0126671
IRS990/OtherExpensesGrp/TotalAmt145858
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08858
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079721
IRS990/OtherSalariesAndWagesGrp/TotalAmt088579
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0710
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06392
IRS990/PayrollTaxesGrp/TotalAmt07102
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/RelatedOrExemptFuncIncomeAmt013515
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1113060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1113060
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0292085
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt013
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0238955
IRS990/PYOtherRevenueAmt017361
IRS990/PYProgramServiceRevenueAmt0135376
IRS990/PYRevenuesLessExpensesAmt0107648
IRS990/PYSalariesCompEmpBnftPaidAmt098232
IRS990/PYTotalExpensesAmt0337187
IRS990/PYTotalRevenueAmt0444835
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-25211
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0635608
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0610397
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075790
IRS990/SavingsAndTempCashInvstGrp/EOYAmt068085
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0217662
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0292085
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0118030
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0101459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt081274
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0810510
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0921
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0991
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0126575
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0147435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0151202
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0128911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0131124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0685247
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0921
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0991
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012937
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt022892
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt022680
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013706
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt019515
IRS990ScheduleA/OtherIncome509Grp/TotalAmt091730
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94160
IRS990ScheduleA/PublicSupportPY509Pct00.93750
IRS990ScheduleA/PublicSupportTotal509Amt01495757
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0344237
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0439520
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0269232
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0230370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0212398
IRS990ScheduleA/Total509Grp/TotalAmt01495757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0358095
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0462424
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0291952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0244094
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0231913
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01588478
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0269277
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0118997
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0388274
IRS990ScheduleD/EquipmentGrp/BookValueAmt045528
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086524
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132052
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0139911
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0103238
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0243149
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078489
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04375
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt082864
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0533205
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05347
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SILENT AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MARBLE MARDI GRAS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt010230
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06930
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt017160
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt010230
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06930
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt017160
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011813
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05347
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05347
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false

Document Assets

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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