Civic Intelligence

The Charles Adams Studio Project

990 • Fiscal year 2018 • EIN 27-1238391

Oct 01, 2017 to Sep 30, 2018 • Filed on Nov 30, 2018

Organization ProfileN/A
511 Avenue KLubbock, TX 79401

(806) 762-8606

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

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

Asset Growth

51st percentile

1.3%

Faster asset growth than 51% of similar nonprofits.

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

Revenue Growth

95th percentile

143%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,772,346

Up $36,177 (+1.3%) from 2017

Net Assets

Up

$2,772,346

Up $36,177 (+1.3%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin66th percentile

Revenue

Up

$356,214

Up $209,401 (+143%) from 2017

Expenses

Up

$320,037

Up $35,048 (+12%) from 2017

Net Income

Up

$36,177

Up $174,353 (+126%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,874,345Liabilities 2016: $0Net Assets 2016: $2,874,3452016Assets 2017: $2,736,169Liabilities 2017: $0Net Assets 2017: $2,736,1692017Assets 2018: $2,772,346Liabilities 2018: $0Net Assets 2018: $2,772,3462018Assets 2019: $3,033,427Liabilities 2019: $0Net Assets 2019: $3,033,4272019Assets 2020: $2,930,181Liabilities 2020: $0Net Assets 2020: $2,930,1812020

Highlighted filing

2018

Assets$2,772,346
Liabilities$0
Net Assets$2,772,346
Open 2018 Filing

Operations Trend

Revenue Growth95th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2016: $499,858Expenses 2016: $290,370Net Income 2016: $209,4882016Revenue 2017: $146,813Expenses 2017: $284,989Net Income 2017: -$138,1762017Revenue 2018: $356,214Expenses 2018: $320,037Net Income 2018: $36,1772018Revenue 2019: $603,762Expenses 2019: $342,681Net Income 2019: $261,0812019Revenue 2020: $224,028Expenses 2020: $327,274Net Income 2020: -$103,2462020

Highlighted filing

2018

Revenue$356,214
Expenses$320,037
Net Income$36,177
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Nov 30, 2018
Return Version
2017v2.2
Gross Receipts
$357,580
Mission and Program Overview

Mission

The charles adams studio project will serve as a cornerstone in the lubbock arts district by developing and sustaining a viable working artists' community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,352,612$2,199,545▼ $153,067
Savings and Temporary Cash Investments$359,462$449,706▲ $90,244
Accounts Receivable$20,000$119,000▲ $99,000
Prepaid Expenses and Deferred Charges$4,095$4,095→ $0
Cash and Non-Interest-Bearing Accounts-$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$2,736,169$2,772,346▲ $36,177
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,736,169$2,772,346▲ $36,177
Total Net Assets Fund Balance$2,736,169$2,772,346▲ $36,177
Total Liabilities and Net Assets / Fund Balance$2,736,169$2,772,346▲ $36,177

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,183,565$825,430$3,008,995
Equipment$15,980$10,203$26,183
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Chris TireyPresident
Elizabeth BurrowsVice President
Brian EtchisonDirector
Jason MedinaDirector
Joe ArredondoDirector
Lyle ScovallDirector
Marlowe Malouf LawsonDirector
Roger KarrDirector
Sharon PratherDirector
Shirley EdwardsDirector
Charles AdamsCEO
Hailey BrooksSecretary
Dan OdomTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$269,214
Program Service Revenue
$9,545
Investment Income
$2,610
Other Revenue
$74,845
All Other Contributions
$269,214
Change in Net Assets
$36,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$123,985$29,083-$153,068
Fees for Services Other$41,932$10,483-$52,415
Insurance-$13,072-$13,072
Other Expenses$7,864$4,132-$7,864
Advertising$5,200--$5,200
All Other Expenses$1,090$1,525-$2,615
Fees for Services Accounting-$2,386-$2,386
Total Functional Expenses$259,356$60,681$0$320,037
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“Form 990 is presented to board after it is filed with the internal revenue service.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Compliance with the conflict of interest policy is monitored on an ongoing basis through dialogue and discussion with board members.”

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

“Governing documents, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Charles Adams Studio Project
EIN
27-1238391
Phone
8067628606
Address
511 AVENUE K, LUBBOCK, TX 79401

Signing Officer

Name
Charles Adams
Title
President & CEO
Signed
2018-11-30
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
300

Preparer

Firm
Robinson Burdette Martin & Seright LLP
Address
9816 Slide Road Suite 301, Lubbock, TX 79424
Preparer
Rick Martin
Phone
8067443333
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IRS990/OtherExpensesGrp/ProgramServicesAmt118660
IRS990/OtherExpensesGrp/ProgramServicesAmt212398
IRS990/OtherExpensesGrp/ProgramServicesAmt37864
IRS990/OtherExpensesGrp/TotalAmt048227
IRS990/OtherExpensesGrp/TotalAmt118660
IRS990/OtherExpensesGrp/TotalAmt216530
IRS990/OtherExpensesGrp/TotalAmt37864
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04095
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04095
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09545
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt049960
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01508
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0284989
IRS990/PYOtherRevenueAmt066362
IRS990/PYProgramServiceRevenueAmt028983
IRS990/PYRevenuesLessExpensesAmt0-138176
IRS990/PYTotalExpensesAmt0284989
IRS990/PYTotalRevenueAmt0146813
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036177
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt074845
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0359462
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0449706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0269214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt049960
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0433899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt027025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt065095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0845193
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02610
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01646
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01000
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt084390
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt095345
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt064312
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt052086
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt062813
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0358946
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IRS990ScheduleA/PublicSupportPY170Pct00.70530
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0433899
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt027025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt065095
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0845193
IRS990ScheduleA/TotalSupportAmt01212105
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02183565
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0825430
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03008995
IRS990ScheduleD/EquipmentGrp/BookValueAmt015980
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010203
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026183
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02199545
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO BOARD AFTER IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED ON AN ONGOING BASIS THROUGH DIALOGUE AND DISCUSSION WITH BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE LOUISE HOPKINS UNDERWOOD CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752732616
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX

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Filings

Displayed year

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

Open filing
Assets
$2,772,346
Liabilities
$0
Net assets
$2,772,346
Revenue
$356,214
Expenses
$320,037
Net income
$36,177
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.00$2.93$0.22$0.33$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.00$3.03$0.60$0.34$0.26
2018Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$0.36$0.32$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.00$2.74$0.15$0.28$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.87$0.00$2.87$0.50$0.29$0.21