Civic Intelligence

White River Craft Center Inc.

990 • Fiscal year 2020 • EIN 03-0358846

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 04, 2021

50 Randolph AveRandolph, VT 05060

(802) 728-8912

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.26x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

2.50x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

12th percentile

-32%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

53rd percentile

7.8%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

125%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$855,671

Up $61,708 (+7.8%) from 2019

Net Assets

Down

$629,839

Down $15,902 (-2.5%) from 2019

Liabilities

Up

$225,832

Up $77,610 (+52%) from 2019

Revenue

Up

$90,496

Up $50,247 (+125%) from 2019

Expenses

Down

$119,649

Down $2,976 (-2.4%) from 2019

Net Income

Up

-$29,153

Up $53,223 (+65%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $692,571Liabilities 2012: $358,078Net Assets 2012: $334,4932012Assets 2013: $706,402Liabilities 2013: $328,975Net Assets 2013: $377,4272013Assets 2014: $719,107Liabilities 2014: $320,939Net Assets 2014: $398,1682014Assets 2015: $741,285Liabilities 2015: $279,878Net Assets 2015: $461,4072015Assets 2016: $763,636Liabilities 2016: $272,079Net Assets 2016: $491,5572016Assets 2017: $749,828Liabilities 2017: $217,985Net Assets 2017: $531,8432017Assets 2018: $894,013Liabilities 2018: $167,635Net Assets 2018: $726,3782018Assets 2019: $793,963Liabilities 2019: $148,222Net Assets 2019: $645,7412019Assets 2020: $855,671Liabilities 2020: $225,832Net Assets 2020: $629,8392020Assets 2021: $844,474Liabilities 2021: $170,232Net Assets 2021: $674,2422021Assets 2022: $799,519Liabilities 2022: $173,243Net Assets 2022: $626,2762022Assets 2023: $850,559Liabilities 2023: $205,000Net Assets 2023: $645,5592023Assets 2024: $792,467Liabilities 2024: $203,473Net Assets 2024: $588,9942024

Highlighted filing

2020

Assets$855,671
Liabilities$225,832
Net Assets$629,839

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $257,775Expenses 2012: $129,606Net Income 2012: $128,1692012Revenue 2013: $217,291Expenses 2013: $174,060Net Income 2013: $43,2312013Revenue 2014: $144,574Expenses 2014: $123,833Net Income 2014: $20,7412014Revenue 2015: $193,990Expenses 2015: $130,648Net Income 2015: $63,3422015Revenue 2016: $136,794Expenses 2016: $106,645Net Income 2016: $30,1492016Revenue 2017: $132,788Expenses 2017: $92,502Net Income 2017: $40,2862017Revenue 2018: $309,797Expenses 2018: $109,932Net Income 2018: $199,8652018Revenue 2019: $40,249Expenses 2019: $122,625Net Income 2019: -$82,3762019Revenue 2020: $90,496Expenses 2020: $119,649Net Income 2020: -$29,1532020Revenue 2021: $168,730Expenses 2021: $124,328Net Income 2021: $44,4022021Revenue 2022: $107,668Expenses 2022: $155,634Net Income 2022: -$47,9662022Revenue 2023: $173,128Expenses 2023: $153,846Net Income 2023: $19,2822023Revenue 2024: $145,294Expenses 2024: $201,859Net Income 2024: -$56,5652024

Highlighted filing

2020

Revenue$90,496
Expenses$119,649
Net Income-$29,153
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 4, 2021
Return Version
2020v4.0
Gross Receipts
$104,303
Mission and Program Overview

Mission

To restore and conserve the historic Kimball House and to preserve and disseminate the skills of fine craftsmanship through educational programs, promote an appreciation of traditional crafts from a variety of different cultures,and offer hands-on projects and vocational training.

Promoting and teaching fine arts and craftsmanship and restoring and preserving the historic structure that is its home.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$758,540$842,201▲ $83,661
Rtn Earn Endowment Incm Other Fnds$645,741$629,839▼ $15,902
Loans From Officers Directors$0$100,000▲ $100,000
Cash and Non-Interest-Bearing Accounts$10,423$10,991▲ $568
Inventories for Sale or Use$0$1,434▲ $1,434
Savings and Temporary Cash Investments$25,000$1,045▼ $23,955
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$793,963$855,671▲ $61,708
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$148,222$125,339▼ $22,883
Accounts Payable and Accrued Expenses$0$493▲ $493
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$148,222$225,832▲ $77,610
Net Assets / Fund Balance
Total Net Assets Fund Balance$645,741$629,839▼ $15,902
Total Liabilities and Net Assets / Fund Balance$793,963$855,671▲ $61,708

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$761,844$266,462$1,028,306
Equipment$17,997$147,572$165,569
Land$62,360-$62,360
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rose LucentiTrustee & President
David HurwitzTrustee
Susannah ColbyTrustee
Kevin HartyTrustee & Executive Director
Christina StrongTrustee & Secretary
Jeanne CondeTrustee & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,972
Program Service Revenue
$30,666
Investment Income
$1,905
Other Revenue
$8,953
All Other Contributions
$43,972
Change in Net Assets
$-29,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,553
Salaries, Compensation, and Employee Benefits$25,096
Total Fundraising Expense$8,392
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$25,525$13,045$65$38,635
Other Salaries and Wages$19,136$0$4,784$23,920
Depreciation Depletion$16,618$4,748$2,374$23,740
Other Expenses$6,793$3,894$19$10,706
Interest$3,464$990$494$4,948
Insurance$2,260$556$283$3,099
Office Expenses$0$1,346$255$1,601
Fees for Services Legal$0$1,600$0$1,600
Payroll Taxes$1,058$0$118$1,176
Fees for Services Other$1,014$0$0$1,014
All Other Expenses$275$398$0$673
Advertising$447$0$0$447
Total Functional Expenses$82,488$28,769$8,392$119,649
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
Loans from Officers, Directors, Trustees, and Key Employees$0$100,000▲ $100,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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, Part VI, Section B, Line 11B

The Center's Form 990 is reviewed before the filing of the form by its Executive Director and one or more of its officers.

Form 990, Part VI, Section B, Line 12C

Compliance with conflict of interest policy: The Center's operations involve hiring only persons who are skilled and experienced contractors who are paid no more than customary rates. This offers very little potential for conflicts of interest. Indeed, the Center has never experienced a conflict of interest problem. Its monitoring efforts consist of maintaining an awareness of the issue.

Form 990, Part VI, Section C, Line 19

The Center makes its governing documents (which includes its conflict of interest policy) and financial statements available to any interested person upon request. It has never found the need to publicize such availability.

Filing and Contact Details

Filer

Filer Name
White River Craft Center Inc
EIN
03-0358846
Phone
8027288912
Address
50 Randolph Ave, Randolph, VT 05060

Signing Officer

Name
Jeanne Conde
Title
Treasurer
Phone
8025223748
Signed
2021-06-04

Organization Details

Principal Officer
Jeanne Conde
Formed
1995
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
12
Raw XML AppendixShowing 400 of 620 raw XML fields

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/Desc0CODE: 611719Program service accomplishments: Continued in earnest renovations to the second and third floors of Kimball House, the Center's historical structure, bringing it to full completion. Provided classes in weaving, painting, and photography mostly on Zoom. Collaborated with other area nonprofit organizations to offer drop-in weaving programs. Provided a work site for community service workers. Provided meeting space and accommodations for state government, state-wide nonprofit organizations, and an increased number of local community groups. Provided a community arts space to display the works of local artists, changing artists approximately every month. With the Randolph Technical Career Center and students from the local high school provided free community meals on a monthly basis. Collaborated with the Community Supper Program to provide free community suppers on an occasional basis.
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