Civic Intelligence

Bainbridge Artisan Resource Network

990 • Fiscal year 2023 • EIN 27-0188882

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 22, 2024

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

42nd percentile

0.12x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.59x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

49th percentile

3.3%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

30th percentile

$127,011

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

24th percentile

-1.5%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

48%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$10,141,598

Down $150,891 (-1.5%) from 2022

Net Assets

Up

$8,920,527

Up $68,957 (+0.8%) from 2022

Liabilities

Down

$1,221,071

Down $219,848 (-15%) from 2022

Revenue

Up

$2,081,207

Up $672,888 (+48%) from 2022

Expenses

Up

$2,011,879

Up $322,462 (+19%) from 2022

Net Income

Up

$69,328

Up $350,426 (+125%) from 2022

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

2023

Assets$10,141,598
Liabilities$1,221,071
Net Assets$8,920,527

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

2023

Revenue$2,081,207
Expenses$2,011,879
Net Income$69,328
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 22, 2024
Return Version
2023v5.0
Gross Receipts
$2,158,196
Mission and Program Overview

Mission

See statement on schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,184,147$8,898,218▼ $285,929
Savings and Temporary Cash Investments$782,848$1,008,534▲ $225,686
Cash and Non-Interest-Bearing Accounts$313,679$214,531▼ $99,148
Accounts Receivable$3,537$11,780▲ $8,243
Pledges and Grants Receivable$6,150$6,150→ $0
Inventories for Sale or Use$2,128$2,385▲ $257
Total Assets$10,292,489$10,141,598▼ $150,891
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,338,091$1,113,590▼ $224,501
Deferred Revenue$75,775$90,321▲ $14,546
Accounts Payable and Accrued Expenses$27,053$17,160▼ $9,893
Total Liabilities$1,440,919$1,221,071▼ $219,848
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,746,003$8,920,527▲ $174,524
Net Assets With Donor Restrictions$105,567$0▼ $105,567
Total Net Assets Fund Balance$8,851,570$8,920,527▲ $68,957
Total Liabilities and Net Assets / Fund Balance$10,292,489$10,141,598▼ $150,891

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,798,890$1,054,334$6,853,224
Land$2,836,666-$2,836,666
Equipment$262,662$709,824$972,486
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Grae DrakeExecutive DirectorFT$116,913$10,098$127,011

Board Members and Trustees

NameTitle
Sallie MaronPresident
Wayne RothVice President
Alex TorresMember
Craig WakefieldMember
Grace HarrisMember
Jeff WilliamsMember
Lynn AgnewMember
Sean EatonMember
Kimber BrownSecretary
Ian ForbesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,193,098
Program Service Revenue
$943,522
Investment Income
$8,887
Other Revenue
$-64,300
All Other Contributions
$855,929
Change in Net Assets
$69,328

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 Table7$26,555Fair Market Value (FMV)
Other Non Cash Contri Table3$4,130Fair Market Value (FMV)
Total Noncash Contributions10$30,685-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,250,305
Salaries, Compensation, and Employee Benefits$761,574
Total Fundraising Expense$194,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$387,144$61,381$73,329$521,854
Depreciation Depletion$314,613--$314,613
Occupancy$199,656--$199,656
Current Officers, Directors, Trustees, and Key Employees-$81,839$26,306$108,145
Advertising$69,246-$37,286$106,532
Payroll Taxes$51,575$7,991$13,075$72,641
Other Employee Benefits$41,843$6,483$10,608$58,934
All Other Expenses$43,315-$7,796$51,111
Interest-$34,441-$34,441
Other Expenses$72,916-$26,555$26,555
Office Expenses$15,380--$15,380
Insurance$12,532--$12,532
Fees for Services Accounting$2,940--$2,940
Travel-$670-$670
Total Functional Expenses$1,624,119$192,805$194,955$2,011,879
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$76,989
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Night at Barn$244,801-$43,355-
Arts Happy Hour$24,979---
Total Events$290,882-$76,989$-76,989
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 board reviews the form 990 before submitting it to the irs

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
2024-03-22
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
25
Volunteers
235

Preparer

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

Additional Explanations

Form 990, Part I, Line 1

To grow and inspire a creative community through craft, learning, and service. To accomplish that mission, barn (1) maintains a well-equipped facility with a variety of craft studios, (2) offers access to all studios for members as well as the public, (3) offers classes and events that increase the ability of participants to learn and expand their skills, and (4) supports other non-profit organizations through community service using our core competencies.

Form 990, Part III, Line 1

To grow and inspire a creative community through craft, learning, and service. To accomplish that mission, barn (1) maintains a well-equipped facility with a variety of craft studios, (2) offers access to all studios for members as well as the public, (3) offers classes and events that increase the ability of participants to learn and expand their skills, and (4) supports other non-profit organizations through community service using our core competencies.

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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010608
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06483
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt041843
IRS990/OtherEmployeeBenefitsGrp/TotalAmt058934
IRS990/OtherExpensesGrp/Desc0TEACHER'S COMPENSATION
IRS990/OtherExpensesGrp/Desc1CLASS MATERIALS
IRS990/OtherExpensesGrp/Desc2SPONSORSHIP AND MEMBERS
IRS990/OtherExpensesGrp/Desc3DONATED ITEMS FOR AUCTI
IRS990/OtherExpensesGrp/FundraisingAmt026555
IRS990/OtherExpensesGrp/ProgramServicesAmt0231120
IRS990/OtherExpensesGrp/ProgramServicesAmt1181839
IRS990/OtherExpensesGrp/ProgramServicesAmt272916
IRS990/OtherExpensesGrp/TotalAmt0231120
IRS990/OtherExpensesGrp/TotalAmt1181839
IRS990/OtherExpensesGrp/TotalAmt272916
IRS990/OtherExpensesGrp/TotalAmt326555
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt073329
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt061381
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0387144
IRS990/OtherSalariesAndWagesGrp/TotalAmt0521854
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013075
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07991
IRS990/PayrollTaxesGrp/ProgramServicesAmt051575
IRS990/PayrollTaxesGrp/TotalAmt072641
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06150
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06150
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GRAE DRAKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611610
IRS990/ProgramServiceRevenueGrp/BusinessCd1611610
IRS990/ProgramServiceRevenueGrp/BusinessCd2611610
IRS990/ProgramServiceRevenueGrp/Desc0CLASS TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc2CLASS MATERIAL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0496357
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1355801
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt291364
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0496357
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1355801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt291364
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0606090
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03467
IRS990/PYOtherExpensesAmt01060856
IRS990/PYOtherRevenueAmt09100
IRS990/PYProgramServiceRevenueAmt0789662
IRS990/PYRevenuesLessExpensesAmt0-281098
IRS990/PYSalariesCompEmpBnftPaidAmt0628561
IRS990/PYTotalExpensesAmt01689417
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01408319
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt069328
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt012008
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0943522
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0782848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01008534
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SALES - 2019 AMOUNT: $ 374. 2020 AMOUNT: $ 7,509. 2021 AMOUNT: $ 1,198. 2022 AMOUNT: $ 455. 2023 AMOUNT: $ 681. FUNDRAISING - 2019 AMOUNT: $ 73,820. 2021 AMOUNT: $ 28,244. 2022 AMOUNT: $ 86,501. 2023 AMOUNT: $ 290,882.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0875661
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0524989
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0423104
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01123154
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0344287
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03291195
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06512
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03467
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06056
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt021273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0943522
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0789663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0612118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0325128
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0482134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03152565
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06512
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt021273
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00310
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0291563
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt086956
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt029442
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07509
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt074194
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0489664
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92650
IRS990ScheduleA/PublicSupportPY509Pct00.94620
IRS990ScheduleA/PublicSupportTotal509Amt06443760
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01819183
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01314652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01035222
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01448282
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0826421
IRS990ScheduleA/Total509Grp/TotalAmt06443760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02117258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01405075
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01066399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01459294
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0906671
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06954697
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/BookValueAmt05798890
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01054334
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06853224
IRS990ScheduleD/EquipmentGrp/BookValueAmt0262662
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0709824
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0972486
IRS990ScheduleD/LandGrp/BookValueAmt02836666
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02836666
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08898218
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0290882
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0244801
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt024979
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt021102

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