Civic Intelligence

Freefall Theatre Inc.

990 • Fiscal year 2018 • EIN 26-4251761

Jul 01, 2017 to Jun 30, 2018 • Filed on May 01, 2019

Organization ProfileWWW.FREEFALLTHEATRE.COM

View Organization Page

6099 Central AvenueSt Petersburg, FL 33710

(727) 498-5205

Siviq Scores

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

Liabilities / Assets

98th percentile

2.06x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.51x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$7,962

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

96th percentile

103%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-2.8%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$333,161

Up $169,384 (+103%) from 2017

Net Assets

Down

-$352,832

Down $252,116 (-250%) from 2017

Liabilities

Up

$685,993

Up $421,500 (+159%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin14th percentile

Revenue

Down

$1,334,774

Down $38,492 (-2.8%) from 2017

Expenses

Up

$1,586,890

Up $255,761 (+19%) from 2017

Net Income

Down

-$252,116

Down $294,253 (-698%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$1.0M$500K$0-$500KAssets 2011: $256,267Liabilities 2011: $304,758Net Assets 2011: -$48,4912011Assets 2012: $225,471Liabilities 2012: $435,519Net Assets 2012: -$210,0482012Assets 2013: $202,232Liabilities 2013: $475,993Net Assets 2013: -$273,7612013Assets 2014: $197,643Liabilities 2014: $533,230Net Assets 2014: -$335,5872014Assets 2015: $206,214Liabilities 2015: $630,082Net Assets 2015: -$423,8682015Assets 2016: $197,225Liabilities 2016: $340,078Net Assets 2016: -$142,8532016Assets 2017: $163,777Liabilities 2017: $264,493Net Assets 2017: -$100,7162017Assets 2018: $333,161Liabilities 2018: $685,993Net Assets 2018: -$352,8322018Assets 2021: $542,363Liabilities 2021: $702,653Net Assets 2021: -$160,2902021Assets 2022: $523,873Liabilities 2022: $671,971Net Assets 2022: -$148,0982022Assets 2023: $569,092Liabilities 2023: $722,648Net Assets 2023: -$153,5562023Assets 2024: $509,750Liabilities 2024: $725,487Net Assets 2024: -$215,7372024

Highlighted filing

2018

Assets$333,161
Liabilities$685,993
Net Assets-$352,832
Open 2018 Filing

Operations Trend

Revenue Growth32nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $468,9952011Expenses 2012: $847,4282012Expenses 2013: $803,3412013Revenue 2014: $907,888Expenses 2014: $918,343Net Income 2014: -$10,4552014Revenue 2015: $1,090,336Expenses 2015: $1,178,617Net Income 2015: -$88,2812015Revenue 2016: $1,660,754Expenses 2016: $1,379,739Net Income 2016: $281,0152016Revenue 2017: $1,373,266Expenses 2017: $1,331,129Net Income 2017: $42,1372017Revenue 2018: $1,334,774Expenses 2018: $1,586,890Net Income 2018: -$252,1162018Revenue 2021: $729,213Expenses 2021: $843,088Net Income 2021: -$113,8752021Revenue 2022: $1,309,886Expenses 2022: $1,295,964Net Income 2022: $13,9222022Revenue 2023: $1,416,113Expenses 2023: $1,415,375Net Income 2023: $7382023Revenue 2024: $1,423,686Expenses 2024: $1,485,867Net Income 2024: -$62,1812024

Highlighted filing

2018

Revenue$1,334,774
Expenses$1,586,890
Net Income-$252,116
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 1, 2019
Return Version
2017v2.3
Gross Receipts
$1,334,774
Mission and Program Overview

Mission

The mission of freefall theatre is to pursue art's greater purposes and the transformative power of theatre - as a builder of community, a source of upliftment, and a builder of cultural legacy. We will present a varied range of classical and new works that are bold, daring, and diverse. Our work will strive to be accessible, and we will present it in ways that invite, entertain, and challenge our audience. We are committed to improving the lives of the citizens of tampa bay through our efforts to provide broad access to theatre that represents a high level of artistic achievement, and through educational programs that increase the community's understanding and enjoyment of live theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$145,344$265,098▲ $119,754
Loans From Officers Directors$119,840$86,240▼ $33,600
Cash and Non-Interest-Bearing Accounts-$51,518-
Prepaid Expenses and Deferred Charges-$3,659-
Total Assets$163,777$333,161▲ $169,384
Other Assets Total$18,433$12,886▼ $5,547
Liabilities
Unsecured Notes Loans Payable$4,000$294,300▲ $290,300
Accounts Payable and Accrued Expenses$89,814$188,422▲ $98,608
Deferred Revenue$50,839$117,031▲ $66,192
Total Liabilities$264,493$685,993▲ $421,500
Net Assets / Fund Balance
Unrestricted Net Assets$-100,716$-352,832▼ $252,116
Total Net Assets Fund Balance$-100,716$-352,832▼ $252,116
Total Liabilities and Net Assets / Fund Balance$163,777$333,161▲ $169,384

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$265,098$219,852$484,950
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl ForchilliPresidentFT$7,962$7,962

Board Members and Trustees

NameTitle
Bob Devin JonesDirector
Eileen Stephenson SweeneyDirector
Ezra SingerDirector
Jennifer LoveladyDirector
Kevin LaneDirector
Lacey MillerDirector
Lindsay TrenschDirector
Pamela WhiteakerDirector
Rebecca HeimsteadDirector
Ed LallyDirectors
ROBERT O'BRIONSecretary
Steve PralleTreasurer
Robert IlesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$637,298
Program Service Revenue
$695,837
Investment Income
$-132
Other Revenue
$1,771
All Other Contributions
$637,298
Change in Net Assets
$-252,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,320,032
Revenue Not Reported on Financial Statements
$14,742
Other Revenue Adjustments
$14,742
Total Revenue per Audited Statements
$1,320,032
Total Revenue per Form 990
$1,334,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$808,553
Salaries, Compensation, and Employee Benefits$778,337
Total Fundraising Expense$147,762
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$416,492$163,534$93,404$673,430
Occupancy$278,346$32,747$16,373$327,466
Advertising$41,108$16,791-$57,899
Other Employee Benefits$31,641$14,729$8,183$54,553
Office Expenses$7,435$35,191$6,939$49,565
Royalties$45,440--$45,440
Payroll Taxes$24,587$11,446$6,359$42,392
Depreciation Depletion$40,394--$40,394
Insurance$29,535$3,475$1,737$34,747
Interest-$29,585-$29,585
Fees for Services Accounting-$20,554-$20,554
Travel$16,021--$16,021
Other Expenses$14,612$634$317$14,612
All Other Expenses--$12,460$12,460
Current Officers, Directors, Trustees, and Key Employees$5,972-$1,990$7,962
Information Technology-$3,164-$3,164
Fees for Services Legal-$212-$212
Total Functional Expenses$1,107,066$332,062$147,762$1,586,890

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,586,890
Expenses per Audited Statements$1,572,148
Total Expenses per Audited Statements$1,572,148
Expenses Not Reported on Financial Statements$14,742
Other Expense Adjustments$14,742
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
Loans from Officers, Directors, Trustees, and Key Employees$119,840$86,240▼ $33,600
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 family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

“Draft form 990 is circulated to the board of directors prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Annually, all directors, officers and key employees are required to complete a conflict of interest disclosure”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Freefall Theatre Inc
EIN
26-4251761
Phone
7274985205
Address
6099 CENTRAL AVENUE, ST PETERSBURG, FL 33710

Signing Officer

Name
Cheryl Forchilli
Title
President
Phone
7274985205
Signed
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Forchilli
Formed
2009
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
77
Volunteers
110

Preparer

Firm
Frscpa Pllc
Address
1301 66TH ST N, SAINT PETERSBURG, FL 33710-5501
Preparer
Paul E Horowitz
Phone
7273471120
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of freefall theatre is to pursue art's greater purposes and the transformative power of theatre - as a builder of community, a source of upliftment, and a builder of cultural legacy. We will present a varied range of classical and new works that are bold, daring, and diverse. Our work will strive to be accessible, and we will present it in ways that invite, entertain, and challenge our audience. We are committed to improving the lives of the citizens of tampa bay through our efforts to provide broad access to theatre that represents a high level of artistic achievement, and through educational programs that increase the community's understanding and enjoyment of live theatre.”

Form 990, Part XI, Line 9

“Food & beverage merchandise -14,742 food & beverage merchandise 14,742”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Food & beverage merchandise 14,742”

Schedule D, Page 4, Part XII, Line 4B

“Food & beverage merchandise 14,742”

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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0119840
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF FREEFALL THEATRE IS TO PURSUE ART'S GREATER PURPOSES AND THE TRANSFORMATIVE POWER OF THEATRE - AS A BUILDER OF COMMUNITY, A SOURCE OF UPLIFTMENT, AND A BUILDER OF CULTURAL LEGACY. WE WILL PRESENT A VARIED RANGE OF CLASSICAL AND NEW WORKS THAT ARE BOLD, DARING, AND DIVERSE. OUR WORK WILL STRIVE TO BE ACCESSIBLE, AND WE WILL PRESENT IT IN WAYS THAT INVITE, ENTERTAIN, AND CHALLENGE OUR AUDIENCE. WE ARE COMMITTED TO IMPROVING THE LIVES OF THE CITIZENS OF TAMPA BAY THROUGH OUR EFFORTS TO PROVIDE BROAD ACCESS TO THEATRE THAT REPRESENTS A HIGH LEVEL OF ARTISTIC ACHIEVEMENT, AND THROUGH EDUCATIONAL PROGRAMS THAT INCREASE THE COMMUNITY'S UNDERSTANDING AND ENJOYMENT OF LIVE THEATRE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-100716
IRS990/NetAssetsOrFundBalancesEOYAmt0-352832
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-166
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-166
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01771
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01771
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IRS990/OccupancyGrp/FundraisingAmt016373
IRS990/OccupancyGrp/ManagementAndGeneralAmt032747
IRS990/OccupancyGrp/ProgramServicesAmt0278346
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IRS990/OfficeExpensesGrp/FundraisingAmt06939
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035191
IRS990/OfficeExpensesGrp/ProgramServicesAmt07435
IRS990/OfficeExpensesGrp/TotalAmt049565
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018433
IRS990/OtherAssetsTotalGrp/EOYAmt012886
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08183
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014729
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031641
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054553
IRS990/OtherExpensesGrp/Desc0PRODUCTION MATERIALS
IRS990/OtherExpensesGrp/Desc1TICKETING TRANS FEES
IRS990/OtherExpensesGrp/Desc2FOOD BEVERAGE MERCHANDISE
IRS990/OtherExpensesGrp/Desc3EDUCATION PROGRAM
IRS990/OtherExpensesGrp/FundraisingAmt0317
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0634
IRS990/OtherExpensesGrp/ProgramServicesAmt0109709
IRS990/OtherExpensesGrp/ProgramServicesAmt130760
IRS990/OtherExpensesGrp/ProgramServicesAmt215014
IRS990/OtherExpensesGrp/ProgramServicesAmt314612
IRS990/OtherExpensesGrp/TotalAmt0109709
IRS990/OtherExpensesGrp/TotalAmt131711
IRS990/OtherExpensesGrp/TotalAmt215014
IRS990/OtherExpensesGrp/TotalAmt314612
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt093404
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0163534
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0416492
IRS990/OtherSalariesAndWagesGrp/TotalAmt0673430
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06359
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011446
IRS990/PayrollTaxesGrp/ProgramServicesAmt024587
IRS990/PayrollTaxesGrp/TotalAmt042392
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03659
IRS990/PrincipalOfficerNm0CHERYL FORCHILLI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL PROGRAM FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt131075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0664762
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131075
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0587604
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0488033
IRS990/PYOtherRevenueAmt04027
IRS990/PYProgramServiceRevenueAmt0781635
IRS990/PYRevenuesLessExpensesAmt042137
IRS990/PYSalariesCompEmpBnftPaidAmt0843096
IRS990/PYTotalExpensesAmt01331129
IRS990/PYTotalRevenueAmt01373266
IRS990/ReconcilationRevenueExpnssAmt0-252116
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt01771
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/ProgramServicesAmt045440
IRS990/RoyaltiesGrp/TotalAmt045440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0637298
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0587604
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0877535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0361323
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0327935
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02791695
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01771
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010978
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt018050
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt037162
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0695837
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0781635
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0780883
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0718035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0560597
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03536987
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01771
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02336
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010978
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt018050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt037162
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99420
IRS990ScheduleA/PublicSupportPY509Pct00.99420
IRS990ScheduleA/PublicSupportTotal509Amt06328682
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01333135
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01369239
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01658418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01079358
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0888532
IRS990ScheduleA/Total509Grp/TotalAmt06328682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01334906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01373266
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01660754
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01090336
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0906582
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06365844
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0265098
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0219852
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0484950
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt014742
IRS990ScheduleD/ExpensesSubtotalAmt01572148
IRS990ScheduleD/OtherExpensesNotIncludedAmt014742
IRS990ScheduleD/OtherRevenuesNotIncludedAmt014742
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt014742
IRS990ScheduleD/RevenueSubtotalAmt01320032
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOOD & BEVERAGE MERCHANDISE 14,742
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FOOD & BEVERAGE MERCHANDISE 14,742
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0265098
IRS990ScheduleD/TotalExpensesPerForm990Amt01586890
IRS990ScheduleD/TotalRevenuePerForm990Amt01334774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01320032
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01572148
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0FREEFALL PROPERTIES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENTAL AGREEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt042517
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt132987
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt210736
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START UP CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CAPITAL IMPROVEMENTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0300000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt128000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt29327
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KEVIN LANE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1KEVIN LANE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2KEVIN LANE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$333,161
Liabilities
$685,993
Net assets
-$352,832
Revenue
$1,334,774
Expenses
$1,586,890
Net income
-$252,116
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.51$0.73$0.22$1.42$1.49$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.72$0.15$1.42$1.42$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.67$0.15$1.31$1.30$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.54$0.70$0.16$0.73$0.84$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.69$0.35$1.33$1.59$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.26$0.10$1.37$1.33$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.34$0.14$1.66$1.38$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.63$0.42$1.09$1.18$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.53$0.34$0.91$0.92$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.48$0.27$0.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.44$0.21$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.30$0.05$0.47