Civic Intelligence

Parallel 45 Inc

990 • Fiscal year 2023 • EIN 26-2125174

Sep 01, 2022 to Aug 31, 2023 • Filed on Dec 18, 2023

Organization Profilewww.parallel45.org
PO Box 1829Traverse City, MI 49685

(231) 620-0771

Siviq Scores

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

Liabilities / Assets

95th percentile

1.02x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

0.38x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

15th percentile

-29%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

17th percentile

-30%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

6th percentile

-70%

Faster revenue growth than 6% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$73,047

Down $31,765 (-30%) from 2022

Net Assets

Down

-$1,277

Down $56,250 (-102%) from 2022

Liabilities

Up

$74,324

Up $24,485 (+49%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin15th percentile

Revenue

Down

$196,634

Down $469,868 (-70%) from 2022

Expenses

Down

$252,884

Down $390,315 (-61%) from 2022

Net Income

Down

-$56,250

Down $79,553 (-341%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$300K$200K$100K$0-$100KAssets 2014: $39,204Liabilities 2014: $0Net Assets 2014: $39,2042014Assets 2015: $18,911Liabilities 2015: $0Net Assets 2015: $18,9112015Assets 2017: $6,350Liabilities 2017: $339Net Assets 2017: $6,0112017Assets 2018: $51,944Liabilities 2018: $32,428Net Assets 2018: $19,5162018Assets 2019: $236,627Liabilities 2019: $42,448Net Assets 2019: $194,1792019Assets 2020: $201,189Liabilities 2020: $44,627Net Assets 2020: $156,5622020Assets 2021: $118,377Liabilities 2021: $44,863Net Assets 2021: $73,5142021Assets 2022: $104,812Liabilities 2022: $49,839Net Assets 2022: $54,9732022Assets 2023: $73,047Liabilities 2023: $74,324Net Assets 2023: -$1,2772023Assets 2024: $2,511Liabilities 2024: $4,846Net Assets 2024: -$2,3352024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2023

Assets$73,047
Liabilities$74,324
Net Assets-$1,277
Open 2023 Filing

Operations Trend

Revenue Growth6th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2014: $60,464Expenses 2014: $53,739Net Income 2014: $6,7252014Revenue 2015: $64,351Expenses 2015: $84,644Net Income 2015: -$20,2932015Revenue 2017: $148,426Expenses 2017: $211,970Net Income 2017: -$63,5442017Revenue 2018: $206,297Expenses 2018: $192,792Net Income 2018: $13,5052018Revenue 2019: $690,550Expenses 2019: $515,887Net Income 2019: $174,6632019Revenue 2020: $432,696Expenses 2020: $432,827Net Income 2020: -$1312020Revenue 2021: $583,287Expenses 2021: $666,335Net Income 2021: -$83,0482021Revenue 2022: $666,502Expenses 2022: $643,199Net Income 2022: $23,3032022Revenue 2023: $196,634Expenses 2023: $252,884Net Income 2023: -$56,2502023Revenue 2024: $44,300Expenses 2024: $45,358Net Income 2024: -$1,0582024Revenue 2025: $9,580Expenses 2025: $7,245Net Income 2025: $2,3352025

Highlighted filing

2023

Revenue$196,634
Expenses$252,884
Net Income-$56,250
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Dec 18, 2023
Return Version
2022v5.0
Gross Receipts
$196,634
Mission and Program Overview

Mission

We expect to entertain, encourage critical thought, and inspire through the presentation of theatrical expressions of new works, reinvented classics, and imaginative adaptations for the stage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$73,738$52,671▼ $21,067
Cash and Non-Interest-Bearing Accounts$30,435$19,737▼ $10,698
Inventories for Sale or Use$639$639→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$104,812$73,047▼ $31,765
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$43,743$74,323▲ $30,580
Accounts Payable and Accrued Expenses$6,093--
Other Liabilities$3$1▼ $2
Total Liabilities$49,839$74,324▲ $24,485
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,973$-1,277▼ $56,250
Total Net Assets Fund Balance$54,973$-1,277▼ $56,250
Total Liabilities and Net Assets / Fund Balance$104,812$73,047▼ $31,765

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$52,671$149,974$202,645
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Meg StaleyPresident
Paula Jo KemlerPresident
Andrew BuchholzDirector
Diana MilockDirector
George CochranDirector
Molly KurasDirector
Nancy FlowersDirector
Tracy MagoonSecretary
Christopher LambTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$160,455
Program Service Revenue
$36,179
Investment Income
$0
Other Revenue
$0
All Other Contributions
$139,305
Change in Net Assets
$-56,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,358
Salaries, Compensation, and Employee Benefits$103,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,465$39,440-$93,905
Occupancy$45,326$15,389-$60,715
Depreciation Depletion$21,067--$21,067
Interest-$6,985-$6,985
Payroll Taxes$3,739$2,708-$6,447
Insurance-$6,137-$6,137
All Other Expenses$2,752$3,016-$5,768
Fees for Services Accounting-$5,400-$5,400
Advertising-$4,393-$4,393
Other Expenses$4,017$3,694-$3,694
Other Employee Benefits-$3,174-$3,174
Fees for Services Other-$2,000-$2,000
Office Expenses-$1,245-$1,245
Total Functional Expenses$135,908$116,976$0$252,884
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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Rounding$1
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
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, Section B, Line 11B

“Board members are provided copies of this return and focus on significant areas and areas that deserve extra scrutiny.”

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

“Annual review of any potential conflicts”

Form 990, Part VI, Section C, Line 19

“Interested parties are advised that the organization's records are available for inspection upon request and will be accomodated within a reasonable time period.”

Filing and Contact Details

Filer

Filer Name
Parallel 45 Inc
EIN
26-2125174
Phone
2316200771
Address
PO Box 1829, Traverse City, MI 49685

Signing Officer

Name
Erin Whiting
Title
President
Signed
2023-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Whiting
Formed
2008
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
6

Preparer

Firm
Current Consulting PLLC
Address
PO Box 6224, Traverse City, MI 49696
Preparer
Brian Beckwith
Phone
2317144745
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IRS990/Desc0In December 2022, Parallel 45 Theatre produced A Christmas Carol in Prose followed by an early 2023, production of 4 winter-spring play readings involving over 30 local artists. The remainder of the time period was spent connecting with supporters, stakeholders, artists, and other community organizations in an attempt to raise funds, rebuild staff and, ultimately, reinvigorate the festival. The organization's education efforts coninued as well with both summer & fall classes being offered for aspiring artists.
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IRS990/ProgramServiceRevenueGrp/BusinessCd1711110
IRS990/ProgramServiceRevenueGrp/BusinessCd2711110
IRS990/ProgramServiceRevenueGrp/BusinessCd3711110
IRS990/ProgramServiceRevenueGrp/Desc0Advertising Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Concession Sales
IRS990/ProgramServiceRevenueGrp/Desc2Education Tuition
IRS990/ProgramServiceRevenueGrp/Desc3Ticket Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04021
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19880
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210659
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311619
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04021
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311619
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0491922
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0409511
IRS990/PYOtherRevenueAmt05588
IRS990/PYProgramServiceRevenueAmt0168992
IRS990/PYRevenuesLessExpensesAmt023303
IRS990/PYSalariesCompEmpBnftPaidAmt0233688
IRS990/PYTotalExpensesAmt0643199
IRS990/PYTotalRevenueAmt0666502
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-56250
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt036179
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0160455
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0450079
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0425558
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0304594
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0564976
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01905662
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01905662
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0160455
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0450079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0425558
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0304594
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0564976
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01905662
IRS990ScheduleA/TotalSupportAmt01905662
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/OtherLandBuildingsGrp/BookValueAmt052671
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0149974
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0202645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt052671
IRS990ScheduleD/TotalLiabilityAmt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members are provided copies of this return and focus on significant areas and areas that deserve extra scrutiny.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual review of any potential conflicts
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Interested parties are advised that the organization's records are available for inspection upon request and will be accomodated within a reasonable time period.
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 C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0104812
IRS990/TotalAssetsEOYAmt073047
IRS990/TotalAssetsGrp/BOYAmt0104812
IRS990/TotalAssetsGrp/EOYAmt073047
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0160455
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116976
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135908
IRS990/TotalFunctionalExpensesGrp/TotalAmt0252884
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049839
IRS990/TotalLiabilitiesEOYAmt074324
IRS990/TotalLiabilitiesGrp/BOYAmt049839
IRS990/TotalLiabilitiesGrp/EOYAmt074324
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt054973
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1277
IRS990/TotalProgramServiceExpensesAmt0135908
IRS990/TotalProgramServiceRevenueAmt036179
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036179
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196634
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0104812
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt073047
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.parallel45.org

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$73,047
Liabilities
$74,324
Net assets
-$1,277
Revenue
$196,634
Expenses
$252,884
Net income
-$56,250
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.10$0.07$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.05$0.02$0.44$0.45$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.73$0.74$0.01$1.97$2.53$0.56
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.50$0.55$6.67$6.43$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.45$0.74$5.83$6.66$0.83
2020Detailed filing. Detailed filing data is available for this year.$2.01$0.45$1.57$4.33$4.33$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.42$1.94$6.91$5.16$1.75
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.32$0.20$2.06$1.93$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$1.48$2.12$0.64
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.64$0.85$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.60$0.54$0.07