Civic Intelligence

Bravo Creative Arts Center Inc.

990 • Fiscal year 2023 • EIN 20-4100092

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 12, 2024

Organization Profilewww.bravocreativeartscenter.com
2227 Hillsboro RoadFranklin, TN 37069

(615) 559-5314

Siviq Scores

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

Liabilities / Assets

81st percentile

0.12x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

41st percentile

-0.3%

Higher net margin than 41% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

91st percentile

$43,600

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

49th percentile

0.3%

Faster asset growth than 49% of similar nonprofits.

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

Revenue Growth

83rd percentile

59%

Faster revenue growth than 83% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$66,537

Up $178 (+0.3%) from 2022

Net Assets

Up

$58,437

Up $23,092 (+65%) from 2022

Liabilities

Down

$8,100

Down $22,914 (-74%) from 2022

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin41st percentile

Revenue

Up

$288,642

Up $107,029 (+59%) from 2022

Expenses

Up

$289,458

Up $36,524 (+14%) from 2022

Net Income

Up

-$816

Up $70,505 (+99%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$200K$150K$100K$50K$0Assets 2011: $52,662Liabilities 2011: $02011Assets 2012: $75,471Liabilities 2012: $1,9332012Assets 2013: $77,043Liabilities 2013: $9582013Assets 2014: $90,228Liabilities 2014: $1,9022014Assets 2015: $77,994Liabilities 2015: $1,8902015Assets 2016: $80,766Liabilities 2016: $9882016Assets 2017: $150,624Liabilities 2017: $985Net Assets 2017: $149,6392017Assets 2018: $115,476Net Assets 2018: $115,4762018Assets 2019: $113,541Liabilities 2019: $2,058Net Assets 2019: $111,4832019Assets 2020: $75,316Liabilities 2020: $21,732Net Assets 2020: $53,5842020Assets 2021: $137,711Liabilities 2021: $31,045Net Assets 2021: $106,6662021Assets 2022: $66,359Liabilities 2022: $31,014Net Assets 2022: $35,3452022Assets 2023: $66,537Liabilities 2023: $8,100Net Assets 2023: $58,4372023Assets 2024: $90,539Liabilities 2024: $3,312Net Assets 2024: $87,2272024

Highlighted filing

2023

Assets$66,537
Liabilities$8,100
Net Assets$58,437
Open 2023 Filing

Operations Trend

Revenue Growth83rd percentile

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

$400K$200K$0-$200KRevenue 2011: $140,400Expenses 2011: $155,343Net Income 2011: -$14,9432011Revenue 2012: $158,754Expenses 2012: $137,878Net Income 2012: $20,8762012Revenue 2013: $162,462Expenses 2013: $159,915Net Income 2013: $2,5472013Revenue 2014: $181,263Expenses 2014: $169,022Net Income 2014: $12,2412014Revenue 2015: $165,633Expenses 2015: $177,855Net Income 2015: -$12,2222015Revenue 2016: $180,570Expenses 2016: $176,896Net Income 2016: $3,6742016Revenue 2017: $254,564Expenses 2017: $184,703Net Income 2017: $69,8612017Revenue 2018: $192,493Expenses 2018: $225,756Net Income 2018: -$33,2632018Revenue 2019: $210,191Expenses 2019: $214,184Net Income 2019: -$3,9932019Revenue 2020: $152,083Expenses 2020: $209,982Net Income 2020: -$57,8992020Revenue 2021: $282,127Expenses 2021: $229,045Net Income 2021: $53,0822021Revenue 2022: $181,613Expenses 2022: $252,934Net Income 2022: -$71,3212022Revenue 2023: $288,642Expenses 2023: $289,458Net Income 2023: -$8162023Revenue 2024: $363,210Expenses 2024: $334,420Net Income 2024: $28,7902024

Highlighted filing

2023

Revenue$288,642
Expenses$289,458
Net Income-$816
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 12, 2024
Return Version
2023v5.1
Gross Receipts
$288,642
Mission and Program Overview

Mission

To provide and promote arts education programs to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$54,437$54,615▲ $178
Land, Buildings, and Equipment, Net$11,147$11,147→ $0
Inventories for Sale or Use$775$775→ $0
Total Assets$66,359$66,537▲ $178
Liabilities
Other Liabilities$29,376--
Accounts Payable and Accrued Expenses$1,638$8,100▲ $6,462
Total Liabilities$31,014$8,100▼ $22,914
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,345$58,437▲ $23,092
Total Net Assets Fund Balance$35,345$58,437▲ $23,092
Total Liabilities and Net Assets / Fund Balance$66,359$66,537▲ $178

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,147$3,958$15,105
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lissa McHughSecretaryPT$43,600$43,600

Board Members and Trustees

NameTitle
Allison CobbPresident
Karen HordDirector
Marca BarrDirector
Steve H McHugh SrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,804
Program Service Revenue
$199,838
Investment Income
$0
Other Revenue
$0
All Other Contributions
$78,804
Change in Net Assets
$-816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,227
Salaries, Compensation, and Employee Benefits$94,231
Total Fundraising Expense$2,248
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$129,651--$129,651
Other Salaries and Wages$43,935--$43,935
Current Officers, Directors, Trustees, and Key Employees$34,880$8,720-$43,600
Office Expenses-$17,252-$17,252
Fees for Services Other$15,975--$15,975
Other Expenses$10,119--$10,119
Payroll Taxes$6,026$670-$6,696
Advertising--$2,248$2,248
All Other Expenses$31$59-$90
Total Functional Expenses$260,509$26,701$2,248$289,458
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
Federal income taxes-
PPP Loan Payable-
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 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
Yes
Other officer compensation reviewed
Yes
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 organization reviews the 990 form at a board meeting prior to submitting to the IRS.”

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

“The organization enforced compliance with its conflict of interest policy by reviewing it at board meetings”

Form 990, Part VI, Section B, Line 15A 15B

“The organization uses the following methods to establish compensatin packages of employees written employment contract, compensation survey or study, and approval by the board.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bravo Creative Arts Center
EIN
20-4100092
Phone
6155595314
Address
2227 Hillsboro Road, Franklin, TN 37069

Signing Officer

Name
Lissa McHugh
Title
Secretary
Phone
6155595314
Signed
2024-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lissa McHugh
Formed
2006
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
103

Preparer

Firm
Foundation Group Inc
Address
2451 Atrium Way Suite 300, Nashville, TN 37214
Preparer
Andrew D Payne EA
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“The previously reported net asset balance was understated by 23,908.”

Raw XML Appendix393 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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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0934656
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/EquipmentGrp/BookValueAmt011147
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03958
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015105
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP Loan Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011147
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization reviews the 990 form at a board meeting prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization enforced compliance with its conflict of interest policy by reviewing it at board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization uses the following methods to establish compensatin packages of employees written employment contract, compensation survey or study, and approval by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The previously reported net asset balance was understated by 23,908.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt066359
IRS990/TotalAssetsEOYAmt066537
IRS990/TotalAssetsGrp/BOYAmt066359
IRS990/TotalAssetsGrp/EOYAmt066537
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt088804
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02248
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026701
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260509
IRS990/TotalFunctionalExpensesGrp/TotalAmt0289458
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031014
IRS990/TotalLiabilitiesEOYAmt08100
IRS990/TotalLiabilitiesGrp/BOYAmt031014
IRS990/TotalLiabilitiesGrp/EOYAmt08100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035345
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt058437
IRS990/TotalProgramServiceExpensesAmt0260509
IRS990/TotalProgramServiceRevenueAmt0199838
IRS990/TotalReportableCompFromOrgAmt043600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0199838
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0288642
IRS990/TotalVolunteersCnt0103
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt066359
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt066537
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02227 Hillsboro Road
IRS990/USAddress/CityNm0Franklin
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037069
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.bravocreativeartscenter.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lissa McHugh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum06155595314
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bravo Creative Arts Center
ReturnHeader/Filer/BusinessNameControlTxt0BRAV
ReturnHeader/Filer/EIN0204100092
ReturnHeader/Filer/PhoneNum06155595314
ReturnHeader/Filer/USAddress/AddressLine1Txt02227 Hillsboro Road
ReturnHeader/Filer/USAddress/CityNm0Franklin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037069
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621813735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Group Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02451 Atrium Way Suite 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Nashville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037214
ReturnHeader/PreparerPersonGrp/PhoneNum06153619445
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Andrew D Payne EA
ReturnHeader/ReturnTs02024-07-12T09:26:13-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Lissa
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0McHugh
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,537
Liabilities
$8,100
Net assets
$58,437
Revenue
$288,642
Expenses
$289,458
Net income
-$816
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.87$3.63$3.34$0.29
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.08$0.58$2.89$2.89$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.31$0.35$1.82$2.53$0.71
2021Detailed filing. Detailed filing data is available for this year.$1.38$0.31$1.07$2.82$2.29$0.53
2020Detailed filing. Detailed filing data is available for this year.$0.75$0.22$0.54$1.52$2.10$0.58
2019Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.11$2.10$2.14$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.15$1.15$1.92$2.26$0.33
2017Detailed filing. Detailed filing data is available for this year.$1.51$0.01$1.50$2.55$1.85$0.70
2016Summary only. Only limited summary data is available for this year.$0.81$0.01$1.81$1.77$0.04
2015Summary only. Only limited summary data is available for this year.$0.78$0.02$1.66$1.78$0.12
2014Summary only. Only limited summary data is available for this year.$0.90$0.02$1.81$1.69$0.12
2013Summary only. Only limited summary data is available for this year.$0.77$0.01$1.62$1.60$0.03
2012Summary only. Only limited summary data is available for this year.$0.75$0.02$1.59$1.38$0.21
2011Summary only. Only limited summary data is available for this year.$0.53$0.00$1.40$1.55$0.15