Civic Intelligence

Arts Resources for the Town of Swampscott

990PF • Fiscal year 2020 • EIN 20-0329677

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

89 Burrill StreetSwampscott, MA 01907

(978) 584-6035

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

70th percentile

21%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

84th percentile

73%

Faster asset growth than 84% of similar nonprofits.

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

Revenue Growth

65th percentile

0.7%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$20,535

Up $8,682 (+73%) from 2019

Net Assets

Up

$20,195

Up $8,662 (+75%) from 2019

Liabilities

Up

$340

Up $20 (+6.3%) from 2019

Revenue

Up

$41,461

Up $299 (+0.7%) from 2019

Expenses

Down

$32,799

Down $13,335 (-29%) from 2019

Net Income

Up

$8,662

Up $13,634 (+274%) from 2019

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $1,077Liabilities 2011: $02011Assets 2012: $1,077Liabilities 2012: $02012Assets 2013: $1,077Liabilities 2013: $02013Assets 2014: $4,435Liabilities 2014: $02014Assets 2018: $16,933Liabilities 2018: $428Net Assets 2018: $16,5052018Assets 2019: $11,853Liabilities 2019: $320Net Assets 2019: $11,5332019Assets 2020: $20,535Liabilities 2020: $340Net Assets 2020: $20,1952020Assets 2021: $40,772Liabilities 2021: $340Net Assets 2021: $40,4322021Assets 2022: $53,590Liabilities 2022: $340Net Assets 2022: $53,2502022Assets 2023: $61,874Liabilities 2023: $300Net Assets 2023: $61,5742023Assets 2024: $60,334Liabilities 2024: $300Net Assets 2024: $60,0342024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$20,535
Liabilities$340
Net Assets$20,195

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $6,471Expenses 2014: $3,113Net Income 2014: $3,3582014Revenue 2018: $49,972Expenses 2018: $54,731Net Income 2018: -$4,7592018Revenue 2019: $41,162Expenses 2019: $46,134Net Income 2019: -$4,9722019Revenue 2020: $41,461Expenses 2020: $32,799Net Income 2020: $8,6622020Revenue 2021: $47,867Expenses 2021: $27,630Net Income 2021: $20,2372021Revenue 2022: $49,441Expenses 2022: $36,623Net Income 2022: $12,8182022Revenue 2023: $50,191Expenses 2023: $41,867Net Income 2023: $8,3242023Revenue 2024: $21,416Expenses 2024: $22,956Net Income 2024: -$1,5402024Revenue 2025: $1,321Expenses 2025: $13,184Net Income 2025: -$11,8632025

Highlighted filing

2020

Revenue$41,461
Expenses$32,799
Net Income$8,662
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Mission and Program Overview

Mission

Reach arts hosts gallery shows, arts and artisan events displaying and promoting the work of local artists, and hosting programming and classes showcasing music, wellness, dance and art.the studio space is rented to local artisans and others in the community who have a shared interest in the arts. This is one of the purposes relating to the exempt status of the organization.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID SHEARPresidentPT$0--
ALLY DOTreasurer-$0--
JASON LAMBERTCo-Vice PresidentPT$0--
LELAND HUSSEYCo-Vice President-$0--
DAVID SHEARClerkPT$0--
LELAND HUSSEYDirector-$0--
JASON LAMBERTDirectorPT$0--
HEIDI SHEARDirectorPT$0--
HEIDI SHEARCo-PresidentPT$0--
HEIDI SHEARAssistant ClerkPT$0--
INGA PARSONSDirector-$0--
ALLY DODirector-$0--
DANUTA SHASHADirector-$0--
INGRID PICHLERDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Arts Resources for the Town of
EIN
20-0329677
Phone
9785846035
Address
89 BURRILL STREET, SWAMPSCOTT, MA 01907

Signing Officer

Name
Ally Do
Title
President
Phone
9785846035
Signed
2021-05-10
Discuss with paid preparer
Yes

Preparer

Firm
Leonard Fafel CPA PC
Address
530 Loring Avenue Suite 102, Salem, MA 01970
Preparer
Steven Fafel
Phone
9787410095
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt189 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt289 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt389 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt489 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt589 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt689 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt789 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt889 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt989 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1089 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1189 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1289 BURRILL STREET
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1389 BURRILL STREET
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1SWAMPSCOTT
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm8SWAMPSCOTT
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd1201907
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd1301907
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OtherEmployeePaidOver50kCnt00
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt02008
IRS990PF/QualifyingDistriPartXIIGrp/CharitableAssetsAcquisPaidAmt02008
IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt00
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IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt02008
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt011A
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/LineNumberTxt111B
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt0REACH ARTS HOSTS GALLERY SHOWS, ARTS AND ARTISAN EVENTS DISPLAYING AND PROMOTING THE WORK OF LOCAL ARTISTS, AND HOSTING PROGRAMMING AND CLASSES SHOWCASING MUSIC, WELLNESS, DANCE AND ART.
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt1THE STUDIO SPACE IS RENTED TO LOCAL ARTISANS AND OTHERS IN THE COMMUNITY WHO HAVE A SHARED INTEREST IN THE ARTS. THIS IS ONE OF THE KEY PURPOSES RELATING TO THE EXEMPT STATUS OF THE ORGANIZATION.
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd00
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd00
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd00
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd00
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd00
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IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd00
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd00
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IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
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IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0ALLY DO
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt089 BURRILL STREET
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0SWAMPSCOTT
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0MA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd001907
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MA
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
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IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0www.reacharts.org
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0THE ORGANIZATION'S FOCUS IS ON THE RENOVATION OF 89 BURRILL STREET TO BE UTILIZED AS A COMMUNITY ART CENTER IN FOLLOWING YEARS. THE BUILDING IS OWNED BY THE TOWN OF SWAMPSCOTT, MASSACHUSETTS.
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
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IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt02008
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt022982
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt035710
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IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
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OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt70
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt80
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt90
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt100
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt110
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OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt130
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt140
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt150
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADVERTISING
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2UTILITIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4OFFICE SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5SOFTWARE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6PROGRAMMING EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc7INTERNET & PHONE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc8ALARM
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc9CAPITAL IMPROVEMENTS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc10MERCHANT CARD FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc11POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc12ARTISTS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc13REPAIRS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc14LICENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc15SNOW REMOVAL
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt30
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OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt50
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt60
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt70
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt80
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt90
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt100

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