Civic Intelligence

Glasstire

990 • Fiscal year 2018 • EIN 04-3691617

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 03, 2019

PO Box 925616Houston, TX 77292

(713) 850-0939

Siviq Scores

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

Liabilities / Assets

76th percentile

0.26x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.16x

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

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

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

77th percentile

$70,740

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

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

Asset Growth

95th percentile

136%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

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

Assets

Up

$315,909

Up $181,958 (+136%) from 2017

Net Assets

Up

$232,213

Up $102,968 (+80%) from 2017

Liabilities

Up

$83,696

Up $78,990 (+1678%) from 2017

Revenue

Up

$518,572

Up $133,653 (+35%) from 2017

Expenses

Up

$415,604

Up $36,310 (+9.6%) from 2017

Net Income

Up

$102,968

Up $97,343 (+1731%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $20,350Liabilities 2010: $1,856Net Assets 2010: $18,4942010Assets 2011: $8,412Liabilities 2011: $4,909Net Assets 2011: $3,5032011Assets 2012: $86,741Liabilities 2012: $9,206Net Assets 2012: $77,5352012Assets 2013: $125,010Liabilities 2013: $7,241Net Assets 2013: $117,7692013Assets 2014: $126,314Liabilities 2014: $5,520Net Assets 2014: $120,7942014Assets 2015: $90,921Liabilities 2015: $6,223Net Assets 2015: $84,6982015Assets 2016: $129,232Liabilities 2016: $5,612Net Assets 2016: $123,6202016Assets 2017: $133,951Liabilities 2017: $4,706Net Assets 2017: $129,2452017Assets 2018: $315,909Liabilities 2018: $83,696Net Assets 2018: $232,2132018Assets 2019: $208,118Liabilities 2019: $8,671Net Assets 2019: $199,4472019Assets 2020: $337,390Liabilities 2020: $81,763Net Assets 2020: $255,6272020Assets 2021: $386,693Liabilities 2021: $39,176Net Assets 2021: $347,5172021Assets 2022: $476,412Liabilities 2022: $11,534Net Assets 2022: $464,8782022Assets 2023: $581,399Liabilities 2023: $12,225Net Assets 2023: $569,1742023Assets 2024: $622,475Liabilities 2024: $18,630Net Assets 2024: $603,8452024

Highlighted filing

2018

Assets$315,909
Liabilities$83,696
Net Assets$232,213

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $215,8222010Revenue 2011: $219,186Expenses 2011: $234,177Net Income 2011: -$14,9912011Expenses 2012: $238,8622012Revenue 2013: $303,616Expenses 2013: $263,382Net Income 2013: $40,2342013Revenue 2014: $325,754Expenses 2014: $319,990Net Income 2014: $5,7642014Revenue 2015: $324,445Expenses 2015: $360,541Net Income 2015: -$36,0962015Revenue 2016: $369,422Expenses 2016: $330,500Net Income 2016: $38,9222016Revenue 2017: $384,919Expenses 2017: $379,294Net Income 2017: $5,6252017Revenue 2018: $518,572Expenses 2018: $415,604Net Income 2018: $102,9682018Revenue 2019: $436,194Expenses 2019: $468,960Net Income 2019: -$32,7662019Revenue 2020: $440,266Expenses 2020: $384,086Net Income 2020: $56,1802020Revenue 2021: $466,683Expenses 2021: $374,793Net Income 2021: $91,8902021Revenue 2022: $523,019Expenses 2022: $405,658Net Income 2022: $117,3612022Revenue 2023: $570,363Expenses 2023: $466,219Net Income 2023: $104,1442023Revenue 2024: $555,577Expenses 2024: $521,196Net Income 2024: $34,3812024

Highlighted filing

2018

Revenue$518,572
Expenses$415,604
Net Income$102,968
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 3, 2019
Return Version
2018v3.1
Gross Receipts
$573,522
Mission and Program Overview

Mission

Glasstire is a website about visual art in Texas. Our mission is to expand the conversation about visual art in Texas.

Glasstire is an online magazine for visual art in Texas. We publish original essays, videos, pod-casts, and maintain comprehensive statewide event listings. With an audience of hundreds of thousands readers annually, we are the publication of record for visual art in Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$129,245$232,213▲ $102,968
Cash and Non-Interest-Bearing Accounts$64,727$226,806▲ $162,079
Pledges and Grants Receivable$56,214$65,454▲ $9,240
Savings and Temporary Cash Investments$13,010$22,055▲ $9,045
Land, Buildings, and Equipment, Net-$1,594-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$133,951$315,909▲ $181,958
Other Assets Total-$0-
Liabilities
Deferred Revenue-$76,600-
Accounts Payable and Accrued Expenses$4,706$7,096▲ $2,390
Total Liabilities$4,706$83,696▲ $78,990
Net Assets / Fund Balance
Total Net Assets Fund Balance$129,245$232,213▲ $102,968
Total Liabilities and Net Assets / Fund Balance$133,951$315,909▲ $181,958

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,594$245$1,839
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rainey KnudsonED/PublisherFT$70,740$70,740

Board Members and Trustees

NameTitle
Leslie HullPresident
Andrew RaabDirector
Eleanor WilliamsDirector
Elisa PyeDirector
Eric JarvisDirector
Jereann ChaneyDirector
Julie KinzelmanDirector
Justin SegalDirector
Marita FairbanksDirector
Ricky AndersonDirector
Tim CrowleyDirector
Lindsey CollinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$543,827
Program Service Revenue
$0
Investment Income
$45
Other Revenue
$-25,300
All Other Contributions
$450,242
Change in Net Assets
$102,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,332
Salaries, Compensation, and Employee Benefits$173,272
Total Fundraising Expense$42,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$85,956$500$13,377$99,833
Other Salaries and Wages$86,700$3,333-$90,033
Current Officers, Directors, Trustees, and Key Employees$23,580$23,580$23,580$70,740
Advertising$31,981$6,675-$38,656
Information Technology$37,375--$37,375
Travel$31,629--$31,629
Office Expenses-$15,570$2,239$17,809
Payroll Taxes$8,436$2,059$1,804$12,299
Fees for Services Accounting-$6,592-$6,592
Insurance-$2,510-$2,510
Occupancy-$2,055-$2,055
Other Expenses$2,401$2,062$1,165$1,165
Depreciation Depletion-$245-$245
Other Employee Benefits-$200-$200
Total Functional Expenses$308,058$65,381$42,165$415,604
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$54,950
Fundraising Gross Income$29,650
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dallas Writer Prize$31,000---
Gala$58,235$29,650$29,504$146
Total Events$89,235$29,650$54,950$-25,300
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
Yes
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
Yes
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, Line 11B: Form 990 Review Process

The Executive Director reviews the 990, then sends it to the finance committee and entire board for approval before filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are asked to review and sign the conflict of interest policy annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Comparables, length of time since changes to salary, and overall health of the organization are considered when determining the Executive Director's salary. The Treasurer and President must approve any changes to the Executive Director's salary.

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

Upon request.

Filing and Contact Details

Filer

Filer Name
Glasstire
EIN
04-3691617
Phone
7138500939
Address
PO Box 925616, Houston, TX 77292

Signing Officer

Name
Brandon Zech
Title
Publisher
Signed
2019-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Zech
Formed
2001
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
10

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
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IRS990/MissionDesc0Glasstire is a website about visual art in Texas. Our mission is to expand the conversation about visual art in Texas.
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IRS990/OfficeExpensesGrp/TotalAmt017809
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02062
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IRS990/OtherExpensesGrp/TotalAmt12062
IRS990/OtherExpensesGrp/TotalAmt21165
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03333
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IRS990/OtherSalariesAndWagesGrp/TotalAmt090033
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01804
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IRS990/PayrollTaxesGrp/ProgramServicesAmt08436
IRS990/PayrollTaxesGrp/TotalAmt012299
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0Brandon Zech
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IRS990/PYOtherExpensesAmt0169767
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IRS990/PYProgramServiceRevenueAmt027009
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IRS990/PYSalariesCompEmpBnftPaidAmt0209527
IRS990/PYTotalExpensesAmt0379294
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IRS990/QuidProQuoContributionsInd0true
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0129245
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt013010
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IRS990ScheduleA/TotalSupportAmt01898472
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02550
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$0.19$6.04$5.56$5.21$0.34
2023Detailed filing. Detailed filing data is available for this year.$5.81$0.12$5.69$5.70$4.66$1.04
2022Detailed filing. Detailed filing data is available for this year.$4.76$0.12$4.65$5.23$4.06$1.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$0.39$3.48$4.67$3.75$0.92
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.82$2.56$4.40$3.84$0.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.09$1.99$4.36$4.69$0.33
2018Detailed filing. Detailed filing data is available for this year.$3.16$0.84$2.32$5.19$4.16$1.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.05$1.29$3.85$3.79$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.06$1.24$3.69$3.31$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.06$0.85$3.24$3.61$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.06$1.21$3.26$3.20$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.25$0.07$1.18$3.04$2.63$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.09$0.78$2.39
2011Summary only. Only limited summary data is available for this year.$0.08$0.05$0.04$2.19$2.34$0.15
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.02$0.18$2.16