Civic Intelligence

Voices of Canton Inc

990 • Fiscal year 2021 • EIN 23-7017393

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 23, 2022

1001 Market Ave NorthCanton, OH 44702

(330) 455-1000

Siviq Scores

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

Liabilities / Assets

78th percentile

0.10x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.14x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

50th percentile

8.5%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

91st percentile

$45,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 42.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

60th percentile

14%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

-16%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$147,336

Up $17,825 (+14%) from 2020

Net Assets

Up

$132,013

Up $18,405 (+16%) from 2020

Liabilities

Down

$15,323

Down $580 (-3.6%) from 2020

Revenue

Down

$107,071

Down $20,781 (-16%) from 2020

Expenses

Down

$97,953

Down $51,246 (-34%) from 2020

Net Income

Up

$9,118

Up $30,465 (+143%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $363,184Liabilities 2014: $10,562Net Assets 2014: $352,6222014Assets 2015: $307,233Liabilities 2015: $4,248Net Assets 2015: $302,9852015Assets 2016: $252,732Liabilities 2016: $6,616Net Assets 2016: $246,1162016Assets 2017: $213,167Liabilities 2017: $7,213Net Assets 2017: $205,9542017Assets 2018: $176,590Liabilities 2018: $24,335Net Assets 2018: $152,2552018Assets 2020: $129,511Liabilities 2020: $15,903Net Assets 2020: $113,6082020Assets 2021: $147,336Liabilities 2021: $15,323Net Assets 2021: $132,0132021Assets 2022: $128,822Liabilities 2022: $4,273Net Assets 2022: $124,5492022Assets 2023: $112,114Liabilities 2023: $4,962Net Assets 2023: $107,1522023Assets 2024: $95,923Liabilities 2024: $4,125Net Assets 2024: $91,7982024

Highlighted filing

2021

Assets$147,336
Liabilities$15,323
Net Assets$132,013

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $150,468Expenses 2014: $173,236Net Income 2014: -$22,7682014Revenue 2015: $183,342Expenses 2015: $236,309Net Income 2015: -$52,9672015Revenue 2016: $159,774Expenses 2016: $213,928Net Income 2016: -$54,1542016Revenue 2017: $165,077Expenses 2017: $203,737Net Income 2017: -$38,6602017Revenue 2018: $144,220Expenses 2018: $198,363Net Income 2018: -$54,1432018Revenue 2020: $127,852Expenses 2020: $149,199Net Income 2020: -$21,3472020Revenue 2021: $107,071Expenses 2021: $97,953Net Income 2021: $9,1182021Revenue 2022: $106,038Expenses 2022: $110,706Net Income 2022: -$4,6682022Revenue 2023: $123,055Expenses 2023: $123,795Net Income 2023: -$7402023Revenue 2024: $89,207Expenses 2024: $108,251Net Income 2024: -$19,0442024

Highlighted filing

2021

Revenue$107,071
Expenses$97,953
Net Income$9,118
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 23, 2022
Return Version
2020v4.1
Gross Receipts
$107,071
Mission and Program Overview

Mission

To celebrate vocal music through performance, using the power of "many voices" as a catalyst within the community to educate, inspire and unite.

To celebrate choral arts through performance, using the power of "many voices" as a catalyst within the community to educate, inspire, and unite.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$48,454$54,015▲ $5,561
Cash and Non-Interest-Bearing Accounts$36,446$51,303▲ $14,857
Investments Other Securities$32,040$39,683▲ $7,643
Accounts Receivable$7,448$0▼ $7,448
Land, Buildings, and Equipment, Net$5,123$2,335▼ $2,788
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$129,511$147,336▲ $17,825
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$9,635$9,635→ $0
Other Liabilities$5,420$5,416▼ $4
Accounts Payable and Accrued Expenses$848$272▼ $576
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$15,903$15,323▼ $580
Net Assets / Fund Balance
Net Assets With Donor Restrictions$70,998$73,498▲ $2,500
Net Assets Without Donor Restrictions$42,610$58,515▲ $15,905
Total Net Assets Fund Balance$113,608$132,013▲ $18,405
Total Liabilities and Net Assets / Fund Balance$129,511$147,336▲ $17,825

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$963$62,145$63,108
Other Land Buildings-$37,716$37,716
Leasehold Improvements$1,372$278$1,650
Other Securities$39,683--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$32,040-▲ $9,560$1,638$39,683
2019$34,118-▼ $185$1,644$32,040
2018$35,416-▲ $605$1,644$34,118
2017$34,848-▲ $2,432$1,636$35,416
2016$32,143-▲ $4,486$1,609$34,848
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol OlsonExecutive DirectorFT$45,000$45,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$106,600
Program Service Revenue
$198
Investment Income
$273
Other Revenue
$0
All Other Contributions
$96,965
Change in Net Assets
$9,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,050
Salaries, Compensation, and Employee Benefits$47,903
Total Fundraising Expense$5,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,000$13,500$4,500$45,000
Occupancy$1,142$9,565-$10,707
Fees for Services Accounting-$8,850-$8,850
Office Expenses$2,195$6,449$159$8,803
All Other Expenses$619$5,763-$6,382
Payroll Taxes$1,742$871$290$2,903
Depreciation Depletion$1,394$1,394-$2,788
Insurance$813$813-$1,626
Other Expenses$1,169$24$65$1,193
Advertising$693$20$65$778
Fees for Service Investment Mgmnt Fees-$279-$279
Fees for Services Legal-$50-$50
Total Functional Expenses$44,656$48,218$5,079$97,953
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Wages$3,750
Accrued and Withheld Payroll T$1,666
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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, Line 11B - Organization'S process to review

Draft presented to management and discussed prior to filing return.

Fomr 990, Part VI, Line 19 - Governing Documents Disclosure

Available upon request

Filing and Contact Details

Filer

Filer Name
Sing Stark Inc
EIN
23-7017393
In Care Of
% CAROL OLSON
Phone
3304551000
Address
1001 Market Ave North, Canton, OH 44702

Signing Officer

Name
Carol Olson
Title
executive director
Phone
3304551000
Signed
2022-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Olson
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
100

Preparer

Firm
Hall Kistler & Company Llp
Address
4505 STEPHEN CIRCLE NW - SUITE 202, CANTON, OH 44718-3682
Preparer
John J Skakun CPA
Phone
3304537633
Supplemental Narrative

Financial Statement Notes

Part V, Line 4 - Intended Uses for Endowment Funds

Amounts appropriated from the endowment fund for expenditure are not restricted to a specific use and can be used as management and the board of trustees see fit.

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IRS990/MissionDesc0TO CELEBRATE CHORAL ARTS THROUGH PERFORMANCE, USING THE POWER OF "MANY VOICES" AS A CATALYST WITHIN THE COMMUNITY TO EDUCATE, INSPIRE, AND UNITE.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt092683
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IRS990ScheduleA/TotalSupportAmt0480210
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

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