Civic Intelligence

The Carving Studio & Sculpture Center

990 • Fiscal year 2023 • EIN 03-0325486

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 30, 2024

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

72nd percentile

0.14x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.34x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

21st percentile

-14%

Higher net margin than 21% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$76,292

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

24th percentile

-5.6%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-7.7%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$858,557

Down $51,225 (-5.6%) from 2022

Net Assets

Down

$734,423

Down $50,157 (-6.4%) from 2022

Liabilities

Down

$124,134

Down $1,068 (-0.9%) from 2022

Revenue

Down

$363,244

Down $30,097 (-7.7%) from 2022

Expenses

Up

$413,401

Up $36,943 (+9.8%) from 2022

Net Income

Down

-$50,157

Down $67,040 (-397%) from 2022

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

2023

Assets$858,557
Liabilities$124,134
Net Assets$734,423

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

2023

Revenue$363,244
Expenses$413,401
Net Income-$50,157
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 30, 2024
Return Version
2023v5.0
Gross Receipts
$363,244
Mission and Program Overview

Mission

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

Promotes art of sculpture using mediums of stone & wood; provides educational classes, workshops and workspaces.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$438,602$418,621▼ $19,981
Cash and Non-Interest-Bearing Accounts$353,027$276,063▼ $76,964
Savings and Temporary Cash Investments$118,153$163,873▲ $45,720
Total Assets$909,782$858,557▼ $51,225
Liabilities
Unsecured Notes Loans Payable$107,906$113,448▲ $5,542
Accounts Payable and Accrued Expenses$7,983$5,861▼ $2,122
Other Liabilities$9,313$4,825▼ $4,488
Total Liabilities$125,202$124,134▼ $1,068
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$784,580$734,423▼ $50,157
Total Net Assets Fund Balance$784,580$734,423▼ $50,157
Total Liabilities and Net Assets / Fund Balance$909,782$858,557▼ $51,225

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$392,576$319,977$712,553
Equipment-$139,552$139,552
Other Land Buildings$26,045$5,766$31,811
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol DriscollExecutive DiFT$76,292$76,292

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$280,307
Program Service Revenue
$72,228
Investment Income
$6,137
Other Revenue
$4,572
All Other Contributions
$267,032
Change in Net Assets
$-50,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,143
Salaries, Compensation, and Employee Benefits$165,258
Total Fundraising Expense$18,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$99,729$10,913-$110,642
Other Salaries and Wages$61,633$7,704$7,704$77,041
Current Officers, Directors, Trustees, and Key Employees$61,034$7,629$7,629$76,292
Occupancy$35,799--$35,799
Depreciation Depletion$19,981--$19,981
Office Expenses$15,501$3,765-$19,266
Payroll Taxes$9,539$1,193$1,193$11,925
Interest$11,770--$11,770
Insurance$1,389$7,973-$9,362
Advertising$3,562-$1,187$4,749
All Other Expenses$1,232-$1,121$2,353
Other Expenses$2,019--$2,019
Fees for Services Legal$875$875-$1,750
Fees for Services Accounting$675$675-$1,350
Travel$1,241--$1,241
Information Technology-$430-$430
Total Functional Expenses$353,410$41,157$18,834$413,401
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$4,825
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
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

The executive director and treasurer review the form 990. Copies are available to board members prior to filing.

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

Conflict of interest is reviewed annually, and any possible incidents are discussed by the board of directors.

Form 990, Page 6, Part VI, Line 19

Available to public upon request

Filing and Contact Details

Filer

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

Signing Officer

Name
Carol Driscoll
Title
Executive Director
Phone
8024382097
Signed
2024-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Driscoll
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
32

Preparer

Firm
Seward & Associates Plc
Address
50 WOODSTOCK AVE, RUTLAND, VT 05701
Preparer
Charlene M Seward CPA
Phone
8027752000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants 10,913 10,913 0 monument outside service 3,731 0 0 stipends 36,585 0 0 monument stipends 48,500 0 0 total 99,729 10,913 0

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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04572
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04572
IRS990/OtherRevenueTotalAmt04572
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07704
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07704
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt061633
IRS990/OtherSalariesAndWagesGrp/TotalAmt077041
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01193
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01193
IRS990/PayrollTaxesGrp/ProgramServicesAmt09539
IRS990/PayrollTaxesGrp/TotalAmt011925
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CAROL DRISCOLL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt072228
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt072228
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0305076
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02520
IRS990/PYOtherExpensesAmt0232007
IRS990/PYOtherRevenueAmt011426
IRS990/PYProgramServiceRevenueAmt074319
IRS990/PYRevenuesLessExpensesAmt016883
IRS990/PYSalariesCompEmpBnftPaidAmt0144451
IRS990/PYTotalExpensesAmt0376458
IRS990/PYTotalRevenueAmt0393341
IRS990/ReconcilationRevenueExpnssAmt0-50157
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0118153
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0163873
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING 13,391
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0280307
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0305076
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0299550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0257809
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0297650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01440392
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0100
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt082937
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt087380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt094917
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042332
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0125333
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0432899
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0100
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013391
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013391
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99280
IRS990ScheduleA/PublicSupportPY509Pct00.98550
IRS990ScheduleA/PublicSupportTotal509Amt01873291
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0363244
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0392456
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0394467
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0300141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0422983
IRS990ScheduleA/Total509Grp/TotalAmt01873291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0363244
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0392456
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0394467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0300141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0436474
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01886782
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0392576
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0319977
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0712553
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0139552
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0139552
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026045
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05766
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04825
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418621
IRS990ScheduleD/TotalLiabilityAmt04825
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND TREASURER REVIEW THE FORM 990. COPIES ARE AVAILABLE TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST IS REVIEWED ANNUALLY, AND ANY POSSIBLE INCIDENTS ARE DISCUSSED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS 10,913 10,913 0 MONUMENT OUTSIDE SERVICE 3,731 0 0 STIPENDS 36,585 0 0 MONUMENT STIPENDS 48,500 0 0 TOTAL 99,729 10,913 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0909782
IRS990/TotalAssetsEOYAmt0858557
IRS990/TotalAssetsGrp/BOYAmt0909782
IRS990/TotalAssetsGrp/EOYAmt0858557
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0280307
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018834
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041157
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0353410
IRS990/TotalFunctionalExpensesGrp/TotalAmt0413401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0125202
IRS990/TotalLiabilitiesEOYAmt0124134
IRS990/TotalLiabilitiesGrp/BOYAmt0125202
IRS990/TotalLiabilitiesGrp/EOYAmt0124134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0784580
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0734423
IRS990/TotalProgramServiceExpensesAmt0353410
IRS990/TotalProgramServiceRevenueAmt072228
IRS990/TotalReportableCompFromOrgAmt076292
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt082937
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0363244
IRS990/TotalVolunteersCnt032

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