Civic Intelligence

Corinth Theatre-Arts Inc

EIN 23-7021473 • 501(c)3 • Corinth, MS

Revoked

Profile

To produce and present theatrical performances which will benefit northeast mississippi and surrounding areas.

Revocation date: Nov 15, 2022

303 Fulton DriveCorinth, MS 38834

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

8th percentile

-133%

Higher net margin than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

16th percentile

-65%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-74%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$24,904

Down $45,936 (-65%) from 2018

Liabilities

$546

No earlier filing loaded for comparison.

Net Assets

Down

$24,358

Down $46,482 (-66%) from 2018

Operations
Liabilities / Revenue72nd percentileNet Margin8th percentile

Revenue

Down

$34,877

Down $96,970 (-74%) from 2018

Expenses

Up

$81,358

Up $16,826 (+26%) from 2018

Net Income

Down

-$46,481

Down $113,796 (-169%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth16th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2018: $70,840Net Assets 2018: $70,8402018Assets 2019: $24,904Liabilities 2019: $546Net Assets 2019: $24,3582019

Highlighted filing

2019

Assets$24,904
Liabilities$546
Net Assets$24,358
Open 2019 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2018: $131,847Expenses 2018: $64,532Net Income 2018: $67,3152018Revenue 2019: $34,877Expenses 2019: $81,358Net Income 2019: -$46,4812019

Highlighted filing

2019

Revenue$34,877
Expenses$81,358
Net Income-$46,481
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,904
Liabilities
$546
Net assets
$24,358
Revenue
$34,877
Expenses
$81,358
Net income
-$46,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$0.35$0.81$0.46
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.71$1.32$0.65$0.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 13, 2020
Return Version
2018v3.2
Gross Receipts
$34,877
Mission and Program Overview

Mission

To produce and present theatrical performances which will benefit northeast mississippi and surrounding areas.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION PRODUCES THEATRICAL PERFORMANCES WHICH INCLUDE COMEDIES, MUSICALS, AND DRAMAS. IT ENCOURAGES COMMUNITY PARTICIPATION IN ALL ASPECTS.-$81,358
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLAY NAILSPresident-$0--
JAMES STRACHANV.P. - Produ-$0--
BRAD ESSARYV.P. - Opera-$0--
ROBYN PLUNKTreasurer-$0--
EMILY STEENSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Corinth Theatre-arts Inc
EIN
23-7021473
Address
303 FULTON DRIVE, CORINTH, MS 38834

Signing Officer

Name
Clay Nails
Title
President
Phone
6622872995
Signed
2020-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Dobbins & Mitchell Pa Cpas
Address
725 SHILOH RD, CORINTH, MS 38834
Preparer
Steve Dobbins CPA
Phone
6622875265
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office supplies 573 travel 1,765 bank & c/c fees 2,261 p o box & safe dep box 20 telephone 1,166 miscellaneous 292 supplies 570 production expense 20,511 total 27,158”

Form 990-ez, Part II, Line 26

“Payroll taxes withheld 0 546”

Form 990-ez, Part III

“To produce and present theatrical performances which will benefit northeast mississippi and surrounding areas.”

Raw XML Appendix139 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum06622872995
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0303 FULTON DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CORINTH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd038834
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt070839
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt024904
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
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IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-46481
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01925
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt070839
IRS990EZ/Form990TotalAssetsGrp/EOYAmt024904
IRS990EZ/GrossReceiptsAmt034877
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt070839
IRS990EZ/NetAssetsOrFundBalancesEOYAmt024358
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt024358
IRS990EZ/OccupancyRentUtltsAndMaintAmt014563
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CLAY NAILS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JAMES STRACHAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRAD ESSARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ROBYN PLUNK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4EMILY STEEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1V.P. - PRODU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2V.P. - OPERA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt027158
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PRODUCE AND PRESENT THEATRICAL PERFORMANCES WHICH WILL BENEFIT NORTHEAST MISSISSIPPI AND SURROUNDING AREAS.
IRS990EZ/ProgramServiceRevenueAmt020101
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION PRODUCES THEATRICAL PERFORMANCES WHICH INCLUDE COMEDIES, MUSICALS, AND DRAMAS. IT ENCOURAGES COMMUNITY PARTICIPATION IN ALL ASPECTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt081358
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt037712
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0546
IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TotalRevenueAmt034877
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt014776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt023041
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt020101
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0128907
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt034877
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0131847
IRS990ScheduleA/Total509Grp/TotalAmt0166724
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt034877
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0131847
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0166724
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 573 TRAVEL 1,765 BANK & C/C FEES 2,261 P O BOX & SAFE DEP BOX 20 TELEPHONE 1,166 MISCELLANEOUS 292 SUPPLIES 570 PRODUCTION EXPENSE 20,511 TOTAL 27,158
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL TAXES WITHHELD 0 546
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PRODUCE AND PRESENT THEATRICAL PERFORMANCES WHICH WILL BENEFIT NORTHEAST MISSISSIPPI AND SURROUNDING AREAS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CLAY NAILS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06622872995
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORINTH THEATRE-ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0CORI
ReturnHeader/Filer/EIN0237021473
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ReturnHeader/Filer/USAddress/CityNm0CORINTH
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
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ReturnHeader/FilingSecurityInformation/IPDt02020-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0725 SHILOH RD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038834
ReturnHeader/PreparerPersonGrp/PhoneNum06622875265
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVE DOBBINS CPA
ReturnHeader/ReturnTs02020-05-15T13:07:31-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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