Civic Intelligence

Out of Bounds Comedy

EIN 26-4078620 • 501(c)3 • Austin, TX

Profile

The Out of Bounds Comedy Festival endeavors to enrich the communities of Central Texas through the education, performance, and promotion of the live comedy arts.

2900 W Anderson Lane C200-265Austin, TX 78757

www.oobfest.com

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

36th percentile

-5.0%

Higher net margin than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

45th percentile

-4.6%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-71%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$28,769

Down $1,391 (-4.6%) from 2019

Liabilities

Up

$83

Up $8 (+11%) from 2019

Net Assets

Down

$28,686

Down $1,399 (-4.7%) from 2019

Operations
Liabilities / Revenue64th percentileNet Margin36th percentile

Revenue

Down

$28,168

Down $67,576 (-71%) from 2019

Expenses

Down

$29,567

Down $54,991 (-65%) from 2019

Net Income

Down

-$1,399

Down $12,585 (-113%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$40K$30K$20K$10K$0-$10KAssets 2014: $33,045Net Assets 2014: $33,0452014Assets 2015: $27,005Net Assets 2015: $27,0052015Assets 2016: $0Liabilities 2016: $1,829Net Assets 2016: -$1,8292016Assets 2017: $17,084Net Assets 2017: $17,0842017Assets 2018: $18,899Net Assets 2018: $18,8992018Assets 2019: $30,160Liabilities 2019: $75Net Assets 2019: $30,0852019Assets 2020: $28,769Liabilities 2020: $83Net Assets 2020: $28,6862020

Highlighted filing

2020

Assets$28,769
Liabilities$83
Net Assets$28,686
Open 2020 Filing

Operations Trend

Revenue Growth11th percentile

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

$100K$50K$0-$50KRevenue 2014: $78,560Expenses 2014: $80,806Net Income 2014: -$2,2462014Revenue 2015: $78,434Expenses 2015: $84,474Net Income 2015: -$6,0402015Revenue 2016: $69,270Expenses 2016: $98,104Net Income 2016: -$28,8342016Revenue 2017: $82,418Expenses 2017: $77,864Net Income 2017: $4,5542017Revenue 2018: $94,635Expenses 2018: $92,820Net Income 2018: $1,8152018Revenue 2019: $95,744Expenses 2019: $84,558Net Income 2019: $11,1862019Revenue 2020: $28,168Expenses 2020: $29,567Net Income 2020: -$1,3992020

Highlighted filing

2020

Revenue$28,168
Expenses$29,567
Net Income-$1,399
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,769
Liabilities
$83
Net assets
$28,686
Revenue
$28,168
Expenses
$29,567
Net income
-$1,399
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$28.8$0.08$28.7$28.2$29.6$1.40
2019Detailed filing. Detailed filing data is available for this year.$30.2$0.08$30.1$95.7$84.6$11.2
2018Detailed filing. Detailed filing data is available for this year.$18.9$18.9$94.6$92.8$1.82
2017Detailed filing. Detailed filing data is available for this year.$17.1$17.1$82.4$77.9$4.55
2016Detailed filing. Detailed filing data is available for this year.$0.00$1.83$1.83$69.3$98.1$28.8
2015Detailed filing. Detailed filing data is available for this year.$27.0$27.0$78.4$84.5$6.04
2014Detailed filing. Detailed filing data is available for this year.$33.0$33.0$78.6$80.8$2.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$28,168
Mission and Program Overview

Mission

The Out of Bounds Comedy Festival endeavors to enrich the communities of Central Texas through the education, performance, and promotion of the live comedy arts.

Out of Bounds Comedy's mission is to bring world-wide attention to the Austin comedy community by featuring improv, sketch, podcasts, musical, variety, and stand-up, strengthening perfomer networks, providing educational opportunities to our talent and stimulating both Austin tourism adn industry interest.

Program Services

DescriptionGrantsExpenses
In 2020, the Covid-19 pandemic closed many performance oriented organziations. Other than basic necessity costs, performances were not held in 2020. In regular years, the organization holds an annual 7-day long comedy festival designed to promote, display, and educate the citizens of Central Texas about the benefits of live comedy in all forms. The festival serves approximately 5,000 audience members and hosts around 500 performers who teach, perform, network, and absorb all manners of live comedy.$20,233-
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon McCormickPresidentPT$0--
Jeremy SweetlambSecretary-$0--
David WellsTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Out of Bounds Comedy
EIN
26-4078620
Phone
5122931905
Address
2900 W Anderson Lane C200-265, Austin, TX 78757

Signing Officer

Name
Shannon McCormick
Title
President
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Dunagan Jack LLP
Address
3724 Jefferson Street Suite 307, Austin, TX 78731
Preparer
Bob Dunagan
Phone
5124208997
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $433”

Other Expenses.1

“Venue rental $8800”

Other Expenses.2

“Dues & subscriptions $1847”

Other Expenses.3

“Miscellaneous $337”

Total Liabilities.1

“Credit card payable - Beginning $75 Credit card payable - Ending $83”

Raw XML Appendix169 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/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt020233
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt083
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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ReturnHeader/TaxYr02020

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