Civic Intelligence

Glacierworks Inc.

990 • Fiscal year 2015 • EIN 27-1713130

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

75 Pond StreetMarblehead, MA 01945

(617) 448-8727

Siviq Scores

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

Liabilities / Assets

99th percentile

14.46x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

0.50x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

63rd percentile

9.8%

Higher net margin than 63% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

99th percentile

$121,919

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 35.2% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

11th percentile

-39%

Faster asset growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

100th percentile

5142%

Faster revenue growth than 100% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$11,865

Down $7,615 (-39%) from 2014

Net Assets

Up

-$159,713

Up $33,910 (+18%) from 2014

Liabilities

Down

$171,578

Down $41,525 (-19%) from 2014

Revenue

Up

$346,250

Up $339,645 (+5142%) from 2014

Expenses

Up

$312,340

Up $108,265 (+53%) from 2014

Net Income

Up

$33,910

Up $231,380 (+117%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2010: $281,570Liabilities 2010: $104,315Net Assets 2010: $177,2552010Assets 2011: $91,087Liabilities 2011: $135,226Net Assets 2011: -$44,1392011Assets 2012: $144,283Liabilities 2012: $172,598Net Assets 2012: -$28,3152012Assets 2013: $131,821Liabilities 2013: $127,974Net Assets 2013: $3,8472013Assets 2014: $19,480Liabilities 2014: $213,103Net Assets 2014: -$193,6232014Assets 2015: $11,865Liabilities 2015: $171,578Net Assets 2015: -$159,7132015Assets 2016: $8,937Liabilities 2016: $184,787Net Assets 2016: -$175,8502016Assets 2017: $8,175Liabilities 2017: $185,110Net Assets 2017: -$176,9352017Assets 2018: $4,182Liabilities 2018: $185,006Net Assets 2018: -$180,8242018Assets 2019: $279Liabilities 2019: $190,000Net Assets 2019: -$189,7212019

Highlighted filing

2015

Assets$11,865
Liabilities$171,578
Net Assets-$159,713

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $381,3452010Expenses 2011: $561,3942011Expenses 2012: $573,2322012Revenue 2013: $588,796Expenses 2013: $556,539Net Income 2013: $32,2572013Revenue 2014: $6,605Expenses 2014: $204,075Net Income 2014: -$197,4702014Revenue 2015: $346,250Expenses 2015: $312,340Net Income 2015: $33,9102015Revenue 2016: $12,707Expenses 2016: $28,844Net Income 2016: -$16,1372016Revenue 2017: $10,000Expenses 2017: $11,085Net Income 2017: -$1,0852017Revenue 2018: $5,000Expenses 2018: $8,889Net Income 2018: -$3,8892018Revenue 2019: $1,000Expenses 2019: $9,897Net Income 2019: -$8,8972019

Highlighted filing

2015

Revenue$346,250
Expenses$312,340
Net Income$33,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$346,250
Mission and Program Overview

Mission

Glacierworks uses art, science and adventure to raise public awareness about the consequences of climate change in the greater himalaya. By comparing our modern high-resolution imagery with the archival photographs taken over the past century, we seek to highlight glacial loss and the potential for a greatly diminished water supply throughout asia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$856$7,469▲ $6,613
Loans From Officers Directors$6,906$6,006▼ $900
Cash and Non-Interest-Bearing Accounts$17,624$3,396▼ $14,228
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$19,480$11,865▼ $7,615
Other Assets Total$1,000$1,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$163,815$163,190▼ $625
Other Liabilities$42,382$2,382▼ $40,000
Total Liabilities$213,103$171,578▼ $41,525
Net Assets / Fund Balance
Unrestricted Net Assets$-193,623$-159,713▲ $33,910
Total Net Assets Fund Balance$-193,623$-159,713▲ $33,910
Total Liabilities and Net Assets / Fund Balance$19,480$11,865▼ $7,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David BreashearsPres/clerk/DirectorPT$60,000$61,919$121,919
Ellen GolbransonTreasurer/DirectorPT$57,538$48,375$105,913

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$345,250
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,000
All Other Contributions
$345,250
Change in Net Assets
$33,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,632
Salaries, Compensation, and Employee Benefits$114,708
Total Fundraising Expense$2,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$25,000$85,000-$110,000
Occupancy-$13,212-$13,212
Fees for Services Accounting-$12,000-$12,000
Payroll Taxes-$4,708-$4,708
All Other Expenses$1,975-$512$2,487
Other Expenses$2,887$2,345-$2,345
Travel--$1,582$1,582
Fees for Services Legal-$1,524-$1,524
Office Expenses-$1,112-$1,112
Fees for Services Other-$748-$748
Total Functional Expenses$189,597$120,649$2,094$312,340
International Activity

International Summary

Spending
$115,390

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
NepalProgram ServicesExpeditions00$114,733
United KingdomProgram ServicesExhibition00$357
CanadaProgram ServicesExhibition00$300
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David BreashearsPresidentProduction DirectorNo$60,000
Ellen GolbransonTreasurerBusiness ManagerNo$57,538

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$6,906$6,006▼ $900
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$2,382
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

The treasurer of the organization is the bookkeeper of arcturus motion pictures, inc., a corporation owned and operated by david breashears.

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

The organization will make the form 990 available for review for seven days after its completion before filing.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Directors of the Organization vote on the amount compensated.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Board of Directors of the Organization vote on the amount compensated.

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

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Glacierworks Inc
EIN
27-1713130
Phone
6174488727
Address
75 POND STREET, MARBLEHEAD, MA 01945

Signing Officer

Name
Ellen Golbranson
Title
Treasurer
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
8
Employees
1

Preparer

Firm
Alkon & Levine PC
Address
29 Crafts St Ste 510, Newton, MA 02458-1274
Preparer
Kathleen Walsh Heraghty
Phone
6179696630
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