Civic Intelligence

The Charles Adams Studio Project

990 • Fiscal year 2021 • EIN 27-1238391

Oct 01, 2020 to Sep 30, 2021 • Filed on Apr 04, 2022

Organization ProfileWWW.CASP-ARTS.ORG
602 Ave JLubbock, TX 79401

(806) 762-8606

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

2.5%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

28th percentile

0.3%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

59%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$2,938,917

Up $8,736 (+0.3%) from 2020

Net Assets

Up

$2,938,917

Up $8,736 (+0.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin31st percentile

Revenue

Up

$356,030

Up $132,002 (+59%) from 2020

Expenses

Up

$347,294

Up $20,020 (+6.1%) from 2020

Net Income

Up

$8,736

Up $111,982 (+108%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth28th 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 2019: $3,033,427Liabilities 2019: $0Net Assets 2019: $3,033,4272019Assets 2020: $2,930,181Liabilities 2020: $0Net Assets 2020: $2,930,1812020Assets 2021: $2,938,917Liabilities 2021: $0Net Assets 2021: $2,938,9172021

Highlighted filing

2021

Assets$2,938,917
Liabilities$0
Net Assets$2,938,917
Open 2021 Filing

Operations Trend

Revenue Growth79th 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 2019: $603,762Expenses 2019: $342,681Net Income 2019: $261,0812019Revenue 2020: $224,028Expenses 2020: $327,274Net Income 2020: -$103,2462020Revenue 2021: $356,030Expenses 2021: $347,294Net Income 2021: $8,7362021

Highlighted filing

2021

Revenue$356,030
Expenses$347,294
Net Income$8,736
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Apr 4, 2022
Return Version
2020v4.0
Gross Receipts
$356,030
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$2,300,987$2,184,021▼ $116,966
Cash and Non-Interest-Bearing Accounts$600,149$740,801▲ $140,652
Accounts Receivable$24,950$10,000▼ $14,950
Prepaid Expenses and Deferred Charges$4,095$4,095→ $0
Total Assets$2,930,181$2,938,917▲ $8,736
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,930,181$2,938,917▲ $8,736
Total Net Assets Fund Balance$2,930,181$2,938,917▲ $8,736
Total Liabilities and Net Assets / Fund Balance$2,930,181$2,938,917▲ $8,736

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,117,936$1,328,183$3,446,119
Equipment$66,085$19,798$85,883
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Chris TireyPresident
Brian EtchisonDirector
Brianna GerardiDirector
Ebtesam IslamDirector
Jason MedinaDirector
Joe ArredondoDirector
Kelly MarbleDirector
Marlowe Malouf LawsonDirector
Pam UnderwoodDirector
Sharon PratherDirector
Shirley EdwardsDirector
Ted LiggettDirector
Charles AdamsCEO & Founde
Haley BrooksSecretary
Dan OdomTreasurer
Elizabeth BurrowsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$278,122
Program Service Revenue
$3,638
Investment Income
$420
Other Revenue
$73,850
All Other Contributions
$278,122
Change in Net Assets
$8,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$347,294
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$143,100$33,566-$176,666
Fees for Services Other$57,753$14,438-$72,191
Insurance-$18,236-$18,236
All Other Expenses$14,275$536-$14,811
Other Expenses$6,838$2,627-$6,838
Fees for Services Accounting-$4,195-$4,195
Total Functional Expenses$273,696$73,598$0$347,294
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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, Page 6, Part VI, Line 11B

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

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

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

Form 990, Page 6, Part VI, Line 15A

“Compensation for top ceo, executive director, and/or top management official is reviewed and approved by independent persons using comparable data.”

Form 990, Page 6, Part VI, Line 19

“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
602 AVE J, LUBBOCK, TX 79401

Signing Officer

Name
Chris Tirey
Title
President
Phone
8067628606
Signed
2022-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Tirey
Formed
2010
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
100

Preparer

Firm
Robinson Burdette Martin & Seright Llp
Address
9816 SLIDE RD STE 301, LUBBOCK, TX 79424-7672
Preparer
Rick Martin
Phone
8067443333
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees 57,753 14,438 0”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0455,792
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0278122
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0129200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0495376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0269214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt049960
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01221872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0420
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01363
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03282
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02610
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01508
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09183
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03638
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt077488
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt093465
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0105104
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt084390
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt095345
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0455792
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72440
IRS990ScheduleA/PublicSupportPY170Pct00.75250
IRS990ScheduleA/PublicSupportTotal170Amt01221872
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0278122
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0129200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0495376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0269214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt049960
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01221872
IRS990ScheduleA/TotalSupportAmt01686847
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02117936
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01328183
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03446119
IRS990ScheduleD/EquipmentGrp/BookValueAmt066085
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019798
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085883
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02184021
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/ExplanationTxt2COMPENSATION FOR TOP CEO, EXECUTIVE DIRECTOR, AND/OR TOP MANAGEMENT OFFICIAL IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS USING COMPARABLE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES 57,753 14,438 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE LOUISE HOPKINS UNDERWOOD CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0752732616
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0511 AVENUE K
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LUBBOCK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02930181
IRS990/TotalAssetsEOYAmt02938917
IRS990/TotalAssetsGrp/BOYAmt02930181
IRS990/TotalAssetsGrp/EOYAmt02938917
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0278122
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073598

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,938,917
Liabilities
$0
Net assets
$2,938,917
Revenue
$356,030
Expenses
$347,294
Net income
$8,736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.36$0.35$0.01
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
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