Civic Intelligence

Bainbridge Artisan Resource Network

990 • Fiscal year 2022 • EIN 27-0188882

Jan 01, 2022 to Dec 31, 2022 • Filed on May 31, 2023

8890 Three Tree Lane NEBainbridge Island, WA 98110

(206) 842-4475

Siviq Scores

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

Liabilities / Assets

46th percentile

0.14x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

1.02x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

11th percentile

-20%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

18th percentile

$73,625

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

33rd percentile

-4.6%

Faster asset growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$10,292,489

Down $494,874 (-4.6%) from 2021

Net Assets

Down

$8,851,570

Down $281,096 (-3.1%) from 2021

Liabilities

Down

$1,440,919

Down $213,778 (-13%) from 2021

Revenue

Up

$1,408,319

Up $362,301 (+35%) from 2021

Expenses

Up

$1,689,417

Up $410,108 (+32%) from 2021

Net Income

Down

-$281,098

Down $47,807 (-20%) from 2021

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2018: $9,426,687Liabilities 2018: $70,720Net Assets 2018: $9,355,9672018Assets 2019: $9,047,757Liabilities 2019: $99,535Net Assets 2019: $8,948,2222019Assets 2020: $9,568,574Liabilities 2020: $202,617Net Assets 2020: $9,365,9572020Assets 2021: $10,787,363Liabilities 2021: $1,654,697Net Assets 2021: $9,132,6662021Assets 2022: $10,292,489Liabilities 2022: $1,440,919Net Assets 2022: $8,851,5702022Assets 2023: $10,141,598Liabilities 2023: $1,221,071Net Assets 2023: $8,920,5272023Assets 2024: $9,934,008Liabilities 2024: $1,005,911Net Assets 2024: $8,928,0972024

Highlighted filing

2022

Assets$10,292,489
Liabilities$1,440,919
Net Assets$8,851,570

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $1,128,811Expenses 2018: $1,071,914Net Income 2018: $56,8972018Revenue 2019: $917,744Expenses 2019: $1,325,489Net Income 2019: -$407,7452019Revenue 2020: $1,457,798Expenses 2020: $1,040,063Net Income 2020: $417,7352020Revenue 2021: $1,046,018Expenses 2021: $1,279,309Net Income 2021: -$233,2912021Revenue 2022: $1,408,319Expenses 2022: $1,689,417Net Income 2022: -$281,0982022Revenue 2023: $2,081,207Expenses 2023: $2,011,879Net Income 2023: $69,3282023Revenue 2024: $2,392,665Expenses 2024: $2,348,284Net Income 2024: $44,3812024

Highlighted filing

2022

Revenue$1,408,319
Expenses$1,689,417
Net Income-$281,098
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 31, 2023
Return Version
2022v5.0
Gross Receipts
$1,408,664
Mission and Program Overview

Mission

See statement on schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,385,426$9,184,147▼ $201,279
Savings and Temporary Cash Investments$783,119$782,848▼ $271
Cash and Non-Interest-Bearing Accounts$607,726$313,679▼ $294,047
Pledges and Grants Receivable$7,150$6,150▼ $1,000
Accounts Receivable$1,814$3,537▲ $1,723
Inventories for Sale or Use$2,128$2,128→ $0
Total Assets$10,787,363$10,292,489▼ $494,874
Liabilities
Other Liabilities$1,563,969$1,338,091▼ $225,878
Deferred Revenue$66,330$75,775▲ $9,445
Accounts Payable and Accrued Expenses$24,398$27,053▲ $2,655
Total Liabilities$1,654,697$1,440,919▼ $213,778
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,132,666$8,746,003▼ $386,663
Net Assets With Donor Restrictions-$105,567-
Total Net Assets Fund Balance$9,132,666$8,851,570▼ $281,096
Total Liabilities and Net Assets / Fund Balance$10,787,363$10,292,489▼ $494,874

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,974,604$878,620$6,853,224
Land$2,836,666-$2,836,666
Equipment$372,877$570,925$943,802
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Grae DrakeExecutive DirectorFT$67,813$5,812$73,625

Board Members and Trustees

NameTitle
Sallie MaronPresident
Wayne RothVice President
Alex TorresMember
Els HeyneMember
Grace HarrisMember
Jeff WilliamsMember
Kimberly BrownMember
Lorna WhiteMember
Lynn AgnewSecretary
Ian ForbesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$606,090
Program Service Revenue
$789,662
Investment Income
$3,467
Other Revenue
$9,100
All Other Contributions
$310,817
Change in Net Assets
$-281,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,060,856
Salaries, Compensation, and Employee Benefits$628,561
Total Fundraising Expense$45,312
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$245,951$188,222$27,359$461,532
Depreciation Depletion$305,145--$305,145
Occupancy$163,776--$163,776
Advertising$72,535$39,057-$111,592
Current Officers, Directors, Trustees, and Key Employees-$52,342$17,953$70,295
Payroll Taxes$35,556$19,146-$54,702
Other Employee Benefits$27,321$14,711-$42,032
Office Expenses$38,427--$38,427
All Other Expenses$30,014--$30,014
Interest-$26,570-$26,570
Other Expenses$21,381$38,742-$21,381
Travel-$12,987-$12,987
Insurance$10,431--$10,431
Fees for Services Accounting$2,871--$2,871
Total Functional Expenses$1,252,328$391,777$45,312$1,689,417
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,400
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
The Greater Giving/capital Campaign$43,016$2,700-$2,700
Wood Studio Happy Hour$20,710$1,350-$1,350
Total Events$86,501$5,400-$5,400
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan on Lot D$838,191
Sba Loan$499,900
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
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, Section B, Line 11B

The finance committee of the board, which includes the board president, vice president, and treasurer, review the draft form 990. The finance committee approves the final 990 and the board ratifies the finance committee's action.

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

The board monitors it by informing all board members of potential conflict of interest identified. When there is potential conflict, the affected board member will not vote on the matter.

Form 990, Part VI, Section B, Line 15A

The process for determining compensation for the organization's executive director and top management include a review and approval by independent persons along with compensation studies of similar positions.

Form 990, Part VI, Section C, Line 18

Form 1023 is available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

The governing documents (articles of incorporation and bylaws) are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bainbridge Artisan Resource Network
EIN
27-0188882
Phone
2068424475
Address
8890 THREE TREE LANE NE, BAINBRIDGE ISLAND, WA 98110

Signing Officer

Name
Grae Drake
Title
Executive Director
Phone
2068424475
Signed
2023-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grae Drake
Formed
2009
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
20
Volunteers
235

Preparer

Firm
Hearthstone CPA Group Ps
Address
4312 KITSAP WAY SUTIE 102, BREMERTON, WA 98312
Preparer
Mike Lind CPA
Phone
3604794611
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Barn's vision and mission: barn envisions a world where people recognize and value their own creativity and their capacity to contribute to their communities. Barn's mission is to grow and inspire a creative community through craft, learning and service. The core values that guide barn's mission and actions are: inclusivity it is essential for the barn community to provide a safe and welcoming space for all. Craft hands-on creativity and innovation bring joy, serve needs, and inspire action. Volunteerism and service barn participants apply their skills to solve problems, share knowledge, and support barn and the community at large. Stewardship honesty and care form the basis of relationships and activities at barn.

Form 990, Part III, Line 1

To accomplish barn's mission to grow and inspire a creative community through craft, learning and service, barn maintains a well-equipped facility with a variety of craft studios. Offers access to all the studios for members as well as the public. Offers classes and events that increase the ability of participants to learn and expand their skills. Supports other non-profit organizations through its community service work using our core competencies.

FORM 990, PART XI, LINE 9:

ROUNDING 2.

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IRS990/OtherExpensesGrp/ProgramServicesAmt171950
IRS990/OtherExpensesGrp/ProgramServicesAmt223156
IRS990/OtherExpensesGrp/ProgramServicesAmt321381
IRS990/OtherExpensesGrp/TotalAmt0203814
IRS990/OtherExpensesGrp/TotalAmt1110692
IRS990/OtherExpensesGrp/TotalAmt223156
IRS990/OtherExpensesGrp/TotalAmt321381
IRS990/OtherLiabilitiesGrp/BOYAmt01563969
IRS990/OtherLiabilitiesGrp/EOYAmt01338091
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt027359
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0188222
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0245951
IRS990/OtherSalariesAndWagesGrp/TotalAmt0461532
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019146
IRS990/PayrollTaxesGrp/ProgramServicesAmt035556
IRS990/PayrollTaxesGrp/TotalAmt054702
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07150
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06150
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GRAE DRAKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0CLASS TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc2COMMERCIAL USAGE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0475338
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1313424
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0475338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1313424
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2900
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0423103
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01735
IRS990/PYOtherExpensesAmt0823594
IRS990/PYOtherRevenueAmt09063
IRS990/PYProgramServiceRevenueAmt0612117
IRS990/PYRevenuesLessExpensesAmt0-233291
IRS990/PYSalariesCompEmpBnftPaidAmt0455715
IRS990/PYTotalExpensesAmt01279309
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01046018
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-281098
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03245
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0789662
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0783119
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0782848
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01123154
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0344287
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0236170
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06056
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0789663
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0325128
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0482134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0406720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02615763
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017271
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00290
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt086956
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt029442
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07509
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt074194
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt084293
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0282394
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94620
IRS990ScheduleA/PublicSupportPY509Pct00.94480
IRS990ScheduleA/PublicSupportTotal509Amt05267467
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01314652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01035222
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01448282
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0826421
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0642890
IRS990ScheduleA/Total509Grp/TotalAmt05267467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01405075
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01066399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01459294
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0906671
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0729693
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05567132
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/BookValueAmt05974604
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0878620
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06853224
IRS990ScheduleD/EquipmentGrp/BookValueAmt0372877
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0570925
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0943802
IRS990ScheduleD/LandGrp/BookValueAmt02836666
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02836666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0499900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1838191
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN ON LOT D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09184147
IRS990ScheduleD/TotalLiabilityAmt01338091
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt081101
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt040316
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt019360
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt021425
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0THE GREATER GIVING/CAPITAL CAMPAIGN
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WOOD STUDIO HAPPY HOUR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt043016
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt020710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt022775

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