Civic Intelligence

The Indian River Institute for the Creative Arts Inc

990EZ • Fiscal year 2018 • EIN 20-8758030

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 28, 2019

Organization Profilewww.indianriverinstitute.org
4 Fairway CircleNew Smyrna Beach, FL 32168

(386) 689-9713

Siviq Scores

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

Liabilities / Assets

98th percentile

3.86x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

1.97x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

4th percentile

-135%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$2,500

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 28.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

5th percentile

-72%

Faster asset growth than 5% of similar nonprofits.

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

Revenue Growth

4th percentile

-79%

Faster revenue growth than 4% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$4,503

Down $11,470 (-72%) from 2017

Net Assets

Down

-$12,897

Down $11,970 (-1291%) from 2017

Liabilities

Up

$17,400

Up $500 (+3.0%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin4th percentile

Revenue

Down

$8,835

Down $33,889 (-79%) from 2017

Expenses

Down

$20,805

Down $14,106 (-40%) from 2017

Net Income

Down

-$11,970

Down $19,783 (-253%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$40K$20K$0-$20KAssets 2012: $28,056Liabilities 2012: $15,500Net Assets 2012: $12,5562012Assets 2013: $21,258Liabilities 2013: $15,500Net Assets 2013: $5,7582013Assets 2014: $15,384Liabilities 2014: $15,500Net Assets 2014: -$1162014Assets 2015: $9,629Liabilities 2015: $16,900Net Assets 2015: -$7,2712015Assets 2016: $8,160Liabilities 2016: $16,900Net Assets 2016: -$8,7402016Assets 2017: $15,973Liabilities 2017: $16,900Net Assets 2017: -$9272017Assets 2018: $4,503Liabilities 2018: $17,400Net Assets 2018: -$12,8972018Assets 2019: $1,725Liabilities 2019: $17,400Net Assets 2019: -$15,6752019Assets 2020: $8,662Liabilities 2020: $15,500Net Assets 2020: -$6,8382020Assets 2021: $18,583Liabilities 2021: $18,500Net Assets 2021: $832021Assets 2022: $9,488Liabilities 2022: $15,500Net Assets 2022: -$6,0122022Assets 2023: $8,671Liabilities 2023: $15,500Net Assets 2023: -$6,8292023Assets 2024: $12,631Liabilities 2024: $15,500Net Assets 2024: -$2,8692024Assets 2025: $12,018Liabilities 2025: $15,500Net Assets 2025: -$3,4822025

Highlighted filing

2018

Assets$4,503
Liabilities$17,400
Net Assets-$12,897
Open 2018 Filing

Operations Trend

Revenue Growth4th percentile

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

$60K$40K$20K$0-$20KRevenue 2012: $42,872Expenses 2012: $45,530Net Income 2012: -$2,6582012Revenue 2013: $48,448Expenses 2013: $55,246Net Income 2013: -$6,7982013Revenue 2014: $44,756Expenses 2014: $50,630Net Income 2014: -$5,8742014Revenue 2015: $25,758Expenses 2015: $32,913Net Income 2015: -$7,1552015Revenue 2016: $35,739Expenses 2016: $37,208Net Income 2016: -$1,4692016Revenue 2017: $42,724Expenses 2017: $34,911Net Income 2017: $7,8132017Revenue 2018: $8,835Expenses 2018: $20,805Net Income 2018: -$11,9702018Revenue 2019: $19,021Expenses 2019: $21,799Net Income 2019: -$2,7782019Revenue 2020: $31,630Expenses 2020: $22,793Net Income 2020: $8,8372020Revenue 2021: $26,450Expenses 2021: $19,529Net Income 2021: $6,9212021Revenue 2022: $26,975Expenses 2022: $33,070Net Income 2022: -$6,0952022Revenue 2023: $26,655Expenses 2023: $27,472Net Income 2023: -$8172023Revenue 2024: $30,325Expenses 2024: $26,365Net Income 2024: $3,9602024Revenue 2025: $21,702Expenses 2025: $22,298Net Income 2025: -$5962025

Highlighted filing

2018

Revenue$8,835
Expenses$20,805
Net Income-$11,970
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 28, 2019
Return Version
2018v3.1
Gross Receipts
$8,835
Mission and Program Overview

Mission

The primary exempt purpose of The Indian River Institute for the Creative Arts, Inc. is to operate an arts training program for needy talented individuals regardless of age, ethnicity, religion, gender, economic background, or physical abilities, including but not limited to, sponsoring, organizing, administering, enhancing and operating music, entertainment, art and cultural exhibitions, assemblies and activities that benefit the public through the public exhibition and display of such works and other objects of cultural significance.

Program Services

DescriptionGrantsExpenses
The Institute was able to identify and provide instruction in the creative arts to talented students who would otherwise not be able to receive training to develop their abilities.$19,444-
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard F CuchettiDirectorPT$2,500-$2,500
Nancy StrumDirector-$0--
William T PrestonDirector-$0--
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richard F CuchettiPresidentMusic Instructor FeeNo$2,500
Gina CuchettiDaughter of PresidMusic Instructor FeeNo$1,000
Filing and Contact Details

Filer

Filer Name
The Indian River Institute for the
EIN
20-8758030
Phone
3866899713
Address
4 Fairway Circle, New Smyrna Beach, FL 32168

Signing Officer

Name
Richard F Cuchetti
Title
President
Signed
2019-02-28
Discuss with paid preparer
Yes

Preparer

Firm
Bradley F Douglas Pa
Address
210 PALMETTO STREET, NEW SMYRNA BEACH, FL 32168
Preparer
Bradley F Douglas CPA
Phone
3864274454
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $900”

Other Expenses.1002

“Office Expenses $75”

Other Expenses.1009

“Depreciation $1157”

Other Assets.1003

“Machinery and Equipment - Beginning $2757 Machinery and Equipment - Ending $1600”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $16900 Unsecured Notes and Loans Payable - Ending $17400”

Raw XML Appendix156 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Richard F Cuchetti
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The primary exempt purpose of The Indian River Institute for the Creative Arts, Inc. is to operate an arts training program for needy talented individuals regardless of age, ethnicity, religion, gender, economic background, or physical abilities, including but not limited to, sponsoring, organizing, administering, enhancing and operating music, entertainment, art and cultural exhibitions, assemblies and activities that benefit the public through the public exhibition and display of such works and other objects of cultural significance.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Institute was able to identify and provide instruction in the creative arts to talented students who would otherwise not be able to receive training to develop their abilities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt019444
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt02500
IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/TotalExpensesAmt020805
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.indianriverinstitute.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt042724
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt035739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt025758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt044740
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt016
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0156296
IRS990ScheduleA/TotalSupportAmt0157812
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Richard F Cuchetti
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Gina Cuchetti
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Daughter of Presid
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt02500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt11000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Music Instructor Fee
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Music Instructor Fee
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $1157
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Machinery and Equipment - Beginning $2757 Machinery and Equipment - Ending $1600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Unsecured Notes and Loans Payable - Beginning $16900 Unsecured Notes and Loans Payable - Ending $17400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1008
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard F Cuchetti
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Indian River Institute for the
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Creative Arts Inc
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0208758030
ReturnHeader/Filer/PhoneNum03866899713
ReturnHeader/Filer/USAddress/AddressLine1Txt04 Fairway Circle
ReturnHeader/Filer/USAddress/CityNm0New Smyrna Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032168
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270257748
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADLEY F DOUGLAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210 PALMETTO STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW SMYRNA BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032168
ReturnHeader/PreparerPersonGrp/PhoneNum03864274454
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bradley F Douglas CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-02-28T07:26:42-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,503
Liabilities
$17,400
Net assets
-$12,897
Revenue
$8,835
Expenses
$20,805
Net income
-$11,970
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.0$15.5$3.48$21.7$22.3$0.60
2024Detailed filing. Detailed filing data is available for this year.$12.6$15.5$2.87$30.3$26.4$3.96
2023Detailed filing. Detailed filing data is available for this year.$8.67$15.5$6.83$26.7$27.5$0.82
2022Detailed filing. Detailed filing data is available for this year.$9.49$15.5$6.01$27.0$33.1$6.10
2021Detailed filing. Detailed filing data is available for this year.$18.6$18.5$0.08$26.5$19.5$6.92
2020Detailed filing. Detailed filing data is available for this year.$8.66$15.5$6.84$31.6$22.8$8.84
2019Detailed filing. Detailed filing data is available for this year.$1.73$17.4$15.7$19.0$21.8$2.78
2018Detailed filing. Detailed filing data is available for this year.$4.50$17.4$12.9$8.84$20.8$12.0
2017Detailed filing. Detailed filing data is available for this year.$16.0$16.9$0.93$42.7$34.9$7.81
2016Detailed filing. Detailed filing data is available for this year.$8.16$16.9$8.74$35.7$37.2$1.47
2015Detailed filing. Detailed filing data is available for this year.$9.63$16.9$7.27$25.8$32.9$7.16
2014Detailed filing. Detailed filing data is available for this year.$15.4$15.5$0.12$44.8$50.6$5.87
2013Detailed filing. Detailed filing data is available for this year.$21.3$15.5$5.76$48.4$55.2$6.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$15.5$12.6$42.9$45.5$2.66