Civic Intelligence

Academy Theatre Foundation

990 • Fiscal year 2014 • EIN 25-1605495

May 01, 2013 to Apr 30, 2014 • Filed on Nov 11, 2014

275 Chestnut Street16335

(814) 337-8211

Siviq Scores

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

Liabilities / Assets

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

0.18x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

20th percentile

-10.0%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

24th percentile

-5.1%

Faster asset growth than 24% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$535,038

Down $28,894 (-5.1%) from 2013

Net Assets

Down

$485,946

Down $24,799 (-4.9%) from 2013

Liabilities

Down

$49,092

Down $4,095 (-7.7%) from 2013

Revenue

$268,500

No earlier filing loaded for comparison.

Expenses

Up

$295,260

Up $41,331 (+16%) from 2013

Net Income

-$26,760

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $566,428Liabilities 2012: $74,133Net Assets 2012: $492,2952012Assets 2013: $563,932Liabilities 2013: $53,187Net Assets 2013: $510,7452013Assets 2014: $535,038Liabilities 2014: $49,092Net Assets 2014: $485,9462014Assets 2015: $534,057Liabilities 2015: $69,367Net Assets 2015: $464,6902015Assets 2016: $530,663Liabilities 2016: $39,201Net Assets 2016: $491,4622016Assets 2017: $559,996Liabilities 2017: $36,076Net Assets 2017: $523,9202017Assets 2018: $649,090Liabilities 2018: $53,485Net Assets 2018: $595,6052018Assets 2019: $728,310Liabilities 2019: $26,741Net Assets 2019: $701,5692019Assets 2020: $776,544Liabilities 2020: $24,641Net Assets 2020: $751,9032020Assets 2021: $961,541Liabilities 2021: $15,262Net Assets 2021: $946,2792021Assets 2022: $1,169,041Liabilities 2022: $18,490Net Assets 2022: $1,150,5512022

Highlighted filing

2014

Assets$535,038
Liabilities$49,092
Net Assets$485,946

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $290,5412012Expenses 2013: $253,9292013Revenue 2014: $268,500Expenses 2014: $295,260Net Income 2014: -$26,7602014Revenue 2015: $334,489Expenses 2015: $357,332Net Income 2015: -$22,8432015Revenue 2016: $341,095Expenses 2016: $312,261Net Income 2016: $28,8342016Revenue 2017: $332,759Expenses 2017: $305,366Net Income 2017: $27,3932017Revenue 2018: $404,984Expenses 2018: $339,456Net Income 2018: $65,5282018Revenue 2019: $433,380Expenses 2019: $334,634Net Income 2019: $98,7462019Revenue 2020: $386,325Expenses 2020: $323,805Net Income 2020: $62,5202020Revenue 2021: $250,623Expenses 2021: $126,902Net Income 2021: $123,7212021Revenue 2022: $536,406Expenses 2022: $311,292Net Income 2022: $225,1142022

Highlighted filing

2014

Revenue$268,500
Expenses$295,260
Net Income-$26,760
Jump To
Filing Snapshot
Filing Period
May 1, 2013 to Apr 30, 2014
Signed
Nov 11, 2014
Return Version
2013v3.0
Gross Receipts
$269,710
Mission and Program Overview

Mission

To be a recognized center for the performing arts in northwest pennsylvania, and an integral part of the regional arts community.

Provide cultural activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$492,986$472,532▼ $20,454
Investments in Publicly Traded Securities$37,127$40,047▲ $2,920
Cash and Non-Interest-Bearing Accounts$13,632$7,676▼ $5,956
Investments Program Related$4,391$6,223▲ $1,832
Prepaid Expenses and Deferred Charges$12,333$5,097▼ $7,236
Savings and Temporary Cash Investments$3,463$3,463→ $0
Total Assets$563,932$535,038▼ $28,894
Liabilities
Unsecured Notes Loans Payable$37,552$33,552▼ $4,000
Accounts Payable and Accrued Expenses$13,031$14,705▲ $1,674
Deferred Revenue$2,604$835▼ $1,769
Total Liabilities$53,187$49,092▼ $4,095
Net Assets / Fund Balance
Unrestricted Net Assets$510,745$485,946▼ $24,799
Total Net Assets Fund Balance$510,745$485,946▼ $24,799
Total Liabilities and Net Assets / Fund Balance$563,932$535,038▼ $28,894

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$434,473$513,947$948,420
Equipment$20,742$165,743$186,485
Land$17,317-$17,317
Compensation and Service Providers

Board Members and Trustees

NameTitle
John HodgesPresident
Gregory BrinkVice President
Anne WeissBoard Member
Gregory KnowlesBoard Member
James CookBoard Member
Sylvia CagleBoard Member
Becky StansfieldBoard Member - April 2014
Lowell HeplerBoard Member - April 2014
Richard LangBoard Member - April 2014
Tom SedlakBoard Member - April 2014
Mike LitzingerBoard Member Part Year
Christine LangDirector Emeritus
Jane PickensSecretary
Larry GuerrieriTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,123
Program Service Revenue
$176,605
Investment Income
$1,069
Other Revenue
$2,703
All Other Contributions
$59,910
Change in Net Assets
$-26,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,660
Salaries, Compensation, and Employee Benefits$77,600
Total Fundraising Expense$1,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,133--$68,133
Occupancy$40,890--$40,890
Depreciation Depletion$27,228--$27,228
Advertising$13,936--$13,936
Insurance$11,784--$11,784
Payroll Taxes$9,467--$9,467
Fees for Services Accounting$8,288--$8,288
Other Expenses$6,025--$6,025
All Other Expenses$2,509-$1,077$3,586
Office Expenses$924--$924
Total Functional Expenses$294,183$0$1,077$295,260
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,703
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Newly appointed board member, richard lang, is the grandson of christine lang, director emeritus. Those in the position of director emeritus have no voting privileges.

Form 990, Part VI, Section B, Line 11

Prior to submission of form 990, a copy is provided to the organization's treasurer for review. This officer position provides copies to board members and does an overview and addresses all inquiries with the assistance of the tax preparer.

Form 990, Part VI, Section B, Line 15

No officers are compensated. Key personnel compensation packages are reviewed and recommended by committee to the board of directors for subsequent review and approval. Comparison compensation packages for like-kind organizations and key employees' responsibilities are evaluated in determining total compensation package.

Form 990, Part VI, Section C, Line 19

Management provides documents to the public upon request.

Filing and Contact Details

Filer

EIN
25-1605495
Phone
8143378211

Signing Officer

Name
Larry Guerrieri
Title
Treasurer
Phone
8113378211
Signed
2014-11-11

Organization Details

Principal Officer
Larry Guerrieri
Formed
1988
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
8
Volunteers
75

Preparer

Preparer
Deborah P Pipp
Phone
8147245890
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Interest and penalties related to income tax reporting are recognized when incurred and are included in general and administrative expenses on the statement of activities. Management has determined the organization had no activities subject to unrelated business income tax (ubit) during the years april 30, 2014 and 2013. The organization has not been subject to any income tax penalties or interest for the open tax years. The open tax periods for the organization are 2011 - 2014 fiscal year ends.

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER - APRIL 2014
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER - APRIL 2014
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER - APRIL 2014
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER - APRIL 2014
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IRS990/ProgramServiceRevenueGrp/Desc0THEATRE EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1EVENT RENTALS
IRS990/ProgramServiceRevenueGrp/Desc2PLAYBILLS
IRS990/ProgramServiceRevenueGrp/Desc3SUMMER CAMP
IRS990/ProgramServiceRevenueGrp/Desc4CONCESSION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0125508
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126639
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38705
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt45648
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0125508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45648
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0125179
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0537
IRS990/PYOtherExpensesAmt0202129
IRS990/PYOtherRevenueAmt0705
IRS990/PYProgramServiceRevenueAmt0143713
IRS990/PYRevenuesLessExpensesAmt016205
IRS990/PYSalariesCompEmpBnftPaidAmt051800
IRS990/PYTotalExpensesAmt0253929
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0270134
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-26760
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0176745
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03463
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt088123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0125179
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0102148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt071477
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0487806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0490
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0420
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0412
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0551
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02802
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0756269
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02703
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0826
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01351
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt015592
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01427
IRS990ScheduleA/OtherIncome170Grp/TotalAmt021899
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82640
IRS990ScheduleA/PublicSupportPY170Pct00.78700
IRS990ScheduleA/PublicSupportTotal170Amt0423561
IRS990ScheduleA/SubstantialContributorsTotAmt064245
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt088123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0125179
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0102148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0100879
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt071477
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0487806
IRS990ScheduleA/TotalSupportAmt0512507
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0434473
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0513947
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0948420
IRS990ScheduleD/EquipmentGrp/BookValueAmt020742
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0186485
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt017317
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt017317
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTEREST AND PENALTIES RELATED TO INCOME TAX REPORTING ARE RECOGNIZED WHEN INCURRED AND ARE INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES ON THE STATEMENT OF ACTIVITIES. MANAGEMENT HAS DETERMINED THE ORGANIZATION HAD NO ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) DURING THE YEARS APRIL 30, 2014 AND 2013. THE ORGANIZATION HAS NOT BEEN SUBJECT TO ANY INCOME TAX PENALTIES OR INTEREST FOR THE OPEN TAX YEARS. THE OPEN TAX PERIODS FOR THE ORGANIZATION ARE 2011 - 2014 FISCAL YEAR ENDS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0472532
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEWLY APPOINTED BOARD MEMBER, RICHARD LANG, IS THE GRANDSON OF CHRISTINE LANG, DIRECTOR EMERITUS. THOSE IN THE POSITION OF DIRECTOR EMERITUS HAVE NO VOTING PRIVILEGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO SUBMISSION OF FORM 990, A COPY IS PROVIDED TO THE ORGANIZATION'S TREASURER FOR REVIEW. THIS OFFICER POSITION PROVIDES COPIES TO BOARD MEMBERS AND DOES AN OVERVIEW AND ADDRESSES ALL INQUIRIES WITH THE ASSISTANCE OF THE TAX PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OFFICERS ARE COMPENSATED. KEY PERSONNEL COMPENSATION PACKAGES ARE REVIEWED AND RECOMMENDED BY COMMITTEE TO THE BOARD OF DIRECTORS FOR SUBSEQUENT REVIEW AND APPROVAL. COMPARISON COMPENSATION PACKAGES FOR LIKE-KIND ORGANIZATIONS AND KEY EMPLOYEES' RESPONSIBILITIES ARE EVALUATED IN DETERMINING TOTAL COMPENSATION PACKAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT PROVIDES DOCUMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0563932
IRS990/TotalAssetsEOYAmt0535038
IRS990/TotalAssetsGrp/BOYAmt0563932
IRS990/TotalAssetsGrp/EOYAmt0535038
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt088123
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01077
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0294183
IRS990/TotalFunctionalExpensesGrp/TotalAmt0295260
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053187

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