Civic Intelligence

Old Town Artisan Studio Inc.

990 • Fiscal year 2018 • EIN 26-4437263

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 05, 2019

78-046 Calle BarcelonaLA Quinta, CA 92253

(760) 777-1444

Siviq Scores

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

Liabilities / Assets

60th percentile

0.16x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

80th percentile

0.60x

Higher debt load relative to revenue than 80% of similar nonprofits.

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

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

72nd percentile

$108,412

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

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

Asset Growth

55th percentile

2.6%

Faster asset growth than 55% of similar nonprofits.

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

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

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

Assets

Up

$3,545,671

Up $89,770 (+2.6%) from 2017

Net Assets

Up

$2,963,440

Up $317,412 (+12%) from 2017

Liabilities

Down

$582,231

Down $227,642 (-28%) from 2017

Revenue

Down

$973,590

Down $253,923 (-21%) from 2017

Expenses

Up

$656,178

Up $54,831 (+9.1%) from 2017

Net Income

Down

$317,412

Down $308,754 (-49%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $50,204Liabilities 2012: $35,074Net Assets 2012: $15,1302012Assets 2013: $102,249Liabilities 2013: $34,045Net Assets 2013: $68,2042013Assets 2014: $91,308Liabilities 2014: $38,489Net Assets 2014: $52,8192014Assets 2015: $916,713Liabilities 2015: $13,148Net Assets 2015: $903,5652015Assets 2016: $3,549,917Liabilities 2016: $1,530,055Net Assets 2016: $2,019,8622016Assets 2017: $3,455,901Liabilities 2017: $809,873Net Assets 2017: $2,646,0282017Assets 2018: $3,545,671Liabilities 2018: $582,231Net Assets 2018: $2,963,4402018Assets 2019: $3,456,284Liabilities 2019: $255,968Net Assets 2019: $3,200,3162019Assets 2020: $3,516,821Liabilities 2020: $36,813Net Assets 2020: $3,480,0082020Assets 2021: $4,736,999Liabilities 2021: $64,091Net Assets 2021: $4,672,9082021Assets 2022: $4,872,478Liabilities 2022: $408,200Net Assets 2022: $4,464,2782022Assets 2023: $5,283,096Liabilities 2023: $337,153Net Assets 2023: $4,945,9432023Assets 2024: $5,372,668Liabilities 2024: $249,676Net Assets 2024: $5,122,9922024

Highlighted filing

2018

Assets$3,545,671
Liabilities$582,231
Net Assets$2,963,440

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $193,0702012Revenue 2013: $268,664Expenses 2013: $215,590Net Income 2013: $53,0742013Revenue 2014: $269,762Expenses 2014: $286,170Net Income 2014: -$16,4082014Revenue 2015: $1,200,981Expenses 2015: $349,042Net Income 2015: $851,9392015Revenue 2016: $1,927,428Expenses 2016: $680,288Net Income 2016: $1,247,1402016Revenue 2017: $1,227,513Expenses 2017: $601,347Net Income 2017: $626,1662017Revenue 2018: $973,590Expenses 2018: $656,178Net Income 2018: $317,4122018Revenue 2019: $1,008,128Expenses 2019: $769,972Net Income 2019: $238,1562019Revenue 2020: $1,078,479Expenses 2020: $798,787Net Income 2020: $279,6922020Revenue 2021: $2,049,453Expenses 2021: $856,553Net Income 2021: $1,192,9002021Revenue 2022: $1,073,808Expenses 2022: $1,111,918Net Income 2022: -$38,1102022Revenue 2023: $1,659,454Expenses 2023: $1,292,237Net Income 2023: $367,2172023Revenue 2024: $1,387,445Expenses 2024: $1,302,695Net Income 2024: $84,7502024

Highlighted filing

2018

Revenue$973,590
Expenses$656,178
Net Income$317,412
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 5, 2019
Return Version
2018v3.1
Gross Receipts
$1,086,360
Mission and Program Overview

Mission

We provide the opportunity to experience the healing magic of clay to children and adults with developmental disabilities; and to the underserved youth and seniors in our community. Our classes are taught in a nurturing environment by professional art instructors who encourage students to enrich their lives through sculpting, potter's wheel, hand building, Raku pottery, bisque ware, and ceramic painting.

We provide the opportunity to experience the healing magic of clay to children and adults with developmental disabilities; and to the underserved youth and seniors in our community. Our classes are taught in a nurturing environment by professional art instructors who encourage students to enrich their lives through sculpting, potter's wheel, hand building, Raku pottery, bisque ware, painting and fused glass.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,210,133$3,225,666▲ $15,533
Cash and Non-Interest-Bearing Accounts$161,918$203,483▲ $41,565
Prepaid Expenses and Deferred Charges$3,793$18,082▲ $14,289
Accounts Receivable$2,285$3,408▲ $1,123
Savings and Temporary Cash Investments-$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-
Inventories for Sale or Use-$0-
Total Assets$3,455,901$3,545,671▲ $89,770
Other Assets Total$77,772$95,032▲ $17,260
Liabilities
Mortgage Notes Payable Secured by Investment Property$780,000$480,000▼ $300,000
Deferred Revenue-$71,430-
Accounts Payable and Accrued Expenses$16,118$23,769▲ $7,651
Other Liabilities$13,755$7,032▼ $6,723
Total Liabilities$809,873$582,231▼ $227,642
Net Assets / Fund Balance
Unrestricted Net Assets$2,557,751$2,913,440▲ $355,689
Temporarily Rstr Net Assets$88,277$50,000▼ $38,277
Total Net Assets Fund Balance$2,646,028$2,963,440▲ $317,412
Total Liabilities and Net Assets / Fund Balance$3,455,901$3,545,671▲ $89,770

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,834,264$77,604$1,911,868
Land$845,542-$845,542
Leasehold Improvements$461,626$19,153$480,779
Equipment$77,047$86,342$163,389
Other Land Buildings$7,187$4,177$11,364
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas BurnsExecutive DirectorFT$108,412$108,412

Board Members and Trustees

NameTitle
Richard GrundPresident
Jeff GeldermannVice President
Bob WrightDirector
David TurnerDirector
Fran DavidsonDirector
Marco GlassmanDirector
Matt JohnsonDirector
Patrick EvansDirector
Sean WebbDirector
Victory GrundHonorary Pres
Betty SaidelSecretary
Jobetty AllenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$783,152
Program Service Revenue
$163,999
Investment Income
$271
Other Revenue
$26,168
All Other Contributions
$783,152
Change in Net Assets
$317,412

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$16,048Fair Market Value (FMV)
Securities Publicly Traded1$15,360Exchange Listed Pric
Total Noncash Contributions2$31,408-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$339,943
Other Expenses$316,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,642$46,191-$193,833
Current Officers, Directors, Trustees, and Key Employees$54,206$54,206-$108,412
Occupancy$66,506$11,736-$78,242
Depreciation Depletion$46,628$8,228-$54,856
Payroll Taxes$20,029$10,000-$30,029
Information Technology$14,542$2,566-$17,108
All Other Expenses$11,485$4,296-$15,781
Office Expenses$9,316$1,644-$10,960
Advertising$7,411$1,308-$8,719
Fees for Services Legal-$7,954-$7,954
Insurance$4,972$2,948-$7,920
Other Employee Benefits$5,115$2,554-$7,669
Other Expenses$6,374$1,125-$7,499
Travel$1,719$303-$2,022
Fees for Services Accounting-$1,625-$1,625
Fees for Services Other$128$22-$150
Total Functional Expenses$499,472$156,706$0$656,178
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
Security Deposits$6,304
Sales Tax Payable$728
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Current board president, Victory Grund, is married to current board member, Richard Grund.

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft tax return is presented to board treasurer for review. Once board treasurer reviews and approves return, a finalized tax return is processed and submitted.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Old Town Artisan Studio does not have a formal written policy regarding how forms are made available for public inspection. However, information can be made available in a timley manner, after a request for information has been made.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Old Town Artisan Studio does have a written policy of how governing documents, conflict of interest policy, and financial statements are made available to the public.

Filing and Contact Details

Filer

Filer Name
Old Town Artisan Studio Inc
EIN
26-4437263
Phone
7607771444
Address
78-046 CALLE BARCELONA, LA QUINTA, CA 92253

Signing Officer

Name
Jobetty Allen
Title
Treasurer
Signed
2019-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Burns
Formed
2009
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
16
Volunteers
115

Preparer

Firm
B & H Accounting Group LLC
Address
78401 HIGHWAY 111 STE G, LA QUINTA, CA 92253-2066
Preparer
Ken R Hernandez
Phone
7605640680
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IRS990/MissionDesc0We provide the opportunity to experience the healing magic of clay to children and adults with developmental disabilities; and to the underserved youth and seniors in our community. Our classes are taught in a nurturing environment by professional art instructors who encourage students to enrich their lives through sculpting, potter's wheel, hand building, Raku pottery, bisque ware, painting and fused glass.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02554
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt07669
IRS990/OtherExpensesGrp/Desc0Outreach Programs
IRS990/OtherExpensesGrp/Desc1Program Supplies
IRS990/OtherExpensesGrp/Desc2Special Events
IRS990/OtherExpensesGrp/Desc3Printing and Publications
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IRS990/OtherExpensesGrp/ProgramServicesAmt046751
IRS990/OtherExpensesGrp/ProgramServicesAmt134772
IRS990/OtherExpensesGrp/ProgramServicesAmt221876
IRS990/OtherExpensesGrp/ProgramServicesAmt36374
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IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/Desc1Water Damage Insurance
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt122341
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt122341
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0147642
IRS990/OtherSalariesAndWagesGrp/TotalAmt0193833
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt020029
IRS990/PayrollTaxesGrp/TotalAmt030029
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018082
IRS990/PrincipalOfficerNm0THOMAS BURNS
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01151194
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01670627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0995996
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt083564
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04696503
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0752
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0132127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt089645
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0105688
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt050448
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt032546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0410454
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02246
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0752
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02998
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0-13149
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0-56317

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.25$5.12$1.39$1.30$0.08
2023Detailed filing. Detailed filing data is available for this year.$5.28$0.34$4.95$1.66$1.29$0.37
2022Detailed filing. Detailed filing data is available for this year.$4.87$0.41$4.46$1.07$1.11$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.74$0.06$4.67$2.05$0.86$1.19
2020Detailed filing. Detailed filing data is available for this year.$3.52$0.04$3.48$1.08$0.80$0.28
2019Detailed filing. Detailed filing data is available for this year.$3.46$0.26$3.20$1.01$0.77$0.24
2018Detailed filing. Detailed filing data is available for this year.$3.55$0.58$2.96$0.97$0.66$0.32
2017Detailed filing. Detailed filing data is available for this year.$3.46$0.81$2.65$1.23$0.60$0.63
2016Detailed filing. Detailed filing data is available for this year.$3.55$1.53$2.02$1.93$0.68$1.25
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.90$1.20$0.35$0.85
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.04$0.05$0.27$0.29$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.03$0.07$0.27$0.22$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.04$0.02$0.19