Civic Intelligence

Crosstown Arts

990 • Fiscal year 2013 • EIN 27-1876711

May 01, 2012 to Apr 30, 2013 • Filed on Mar 17, 2014

Organization ProfileWWW.CROSSTOWNARTS.ORG

View Organization Page

427 N Watkins38104
Siviq Scores

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

Liabilities / Assets

46th percentile

0.09x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

100th percentile

1224%

Faster asset growth than 100% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$629,905

Up $582,346 (+1224%) from 2012

Net Assets

Up

$573,833

Up $526,274 (+1107%) from 2012

Liabilities

Up

$56,072

Up $56,072 from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$607,348

Up $254,212 (+72%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$150M$100M$50M$0Assets 2011: $1,285Liabilities 2011: $0Net Assets 2011: $1,2852011Assets 2012: $47,559Liabilities 2012: $0Net Assets 2012: $47,5592012Assets 2013: $629,905Liabilities 2013: $56,072Net Assets 2013: $573,8332013Assets 2014: $3,973,145Liabilities 2014: $72,501Net Assets 2014: $3,900,6442014Assets 2015: $24,829,187Liabilities 2015: $12,953,004Net Assets 2015: $11,876,1832015Assets 2016: $25,004,528Liabilities 2016: $16,537,881Net Assets 2016: $8,466,6472016Assets 2017: $26,996,120Liabilities 2017: $15,285,050Net Assets 2017: $11,711,0702017Assets 2018: $56,726,696Liabilities 2018: $41,025,787Net Assets 2018: $15,700,9092018Assets 2019: $56,945,283Liabilities 2019: $41,363,501Net Assets 2019: $15,581,7822019Assets 2020: $54,125,873Liabilities 2020: $41,042,907Net Assets 2020: $13,082,9662020Assets 2021: $52,274,330Liabilities 2021: $40,638,805Net Assets 2021: $11,635,5252021Assets 2022: $87,226,564Liabilities 2022: $60,739,613Net Assets 2022: $26,486,9512022Assets 2023: $109,397,913Liabilities 2023: $84,037,900Net Assets 2023: $25,360,0132023Assets 2024: $100,312,782Liabilities 2024: $64,890,870Net Assets 2024: $35,421,9122024Assets 2025: $100,520,354Liabilities 2025: $65,106,221Net Assets 2025: $35,414,1332025

Highlighted filing

2013

Assets$629,905
Liabilities$56,072
Net Assets$573,833
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MExpenses 2011: $335,9652011Expenses 2012: $353,1362012Expenses 2013: $607,3482013Revenue 2014: $4,574,688Expenses 2014: $1,247,877Net Income 2014: $3,326,8112014Revenue 2015: $11,337,246Expenses 2015: $3,335,179Net Income 2015: $8,002,0672015Revenue 2016: $3,251,279Expenses 2016: $4,334,766Net Income 2016: -$1,083,4872016Revenue 2017: $7,114,271Expenses 2017: $4,101,536Net Income 2017: $3,012,7352017Revenue 2018: $8,614,881Expenses 2018: $4,625,042Net Income 2018: $3,989,8392018Revenue 2019: $6,954,877Expenses 2019: $7,074,004Net Income 2019: -$119,1272019Revenue 2020: $4,227,787Expenses 2020: $6,818,667Net Income 2020: -$2,590,8802020Revenue 2021: $3,683,328Expenses 2021: $5,451,196Net Income 2021: -$1,767,8682021Revenue 2022: $20,011,175Expenses 2022: $5,752,361Net Income 2022: $14,258,8142022Revenue 2023: $4,885,921Expenses 2023: $6,054,791Net Income 2023: -$1,168,8702023Revenue 2024: $4,864,555Expenses 2024: $5,489,536Net Income 2024: -$624,9812024Revenue 2025: $5,146,987Expenses 2025: $4,830,913Net Income 2025: $316,0742025

Highlighted filing

2013

Revenue-
Expenses$607,348
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2012 to Apr 30, 2013
Signed
Mar 17, 2014
Return Version
2012v2.1
Gross Receipts
$1,179,111
Mission and Program Overview

Mission

Crosstown arts is a contemporary arts organization dedicated to further cultivating the creative community in memphis. Managing a variety of exhibition, performance, and production spaces, crosstown arts supports artists, musicians, and audiences with a wide range of multidisciplinary and collaborative projects. Crosstown arts founded and managed the renovation of crosstown concourse, a one-million-square-foot mixed-use development in the former sears building. Over 40,000 square feet of space in crosstown concourse is dedicated to the non-profit arts organization's arts and music programming.

Filing and Contact Details

Filer

EIN
27-1876711
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET)IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. ("IRS") MANAGEMENT OF THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF APRIL 30, 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. SINCE CA WAS FORMED IN 2010, ALL OF THE ORGANIZATION'S TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2GOODWILL & TRADEMARK IMPAIRMENT LOSS 46,000. IN KIND CONTRIBUTIONS 9,759.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3ARCHITECT/DESIGN FEES 38,540. AMORTIZATION EXPENSE 511.
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IRS990ScheduleI/RecipientTable/PurposeOfGrant0THE MEMPHIS CENTER FOR FOOD AND FAITH INC. PROMOTES EDUCATION AND ACTION TO BETTER CONNECT LOCAL RESTAURANTS AND COMMUNITY FOOD SUPPLIERS TO LOCAL FARMS AND OTHER COMMUNITY-BASED, FOOD SOURCING-RELATED ECONOMIC DEVELOPMENT.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE RETURN PREPARER PROVIDED AN ELECTRONIC COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTS BEFORE IT WAS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation1DIRECTORS ARE REQUIRED TO UPDATE AN ANNUAL CONFLICT OF INTEREST STATEMENT AS REQUIRED BY THE ADOPTED POLICY. THE POLICY REQUIRES A BOARD MEMBER TO PROVIDE RELEVANT INFORMATION TO THE FULL BOARD IF THE AFFECTED BOARD MEMBER BELIEVES THAT A POTENTIAL CONFLICT HAS ARISEN WITH THE POTENTIAL CONFLICT RESOLVED BY A VOTE OF THE FULL BOARD EXCLUSIVE OF THE MEMBER IN QUESTION.
IRS990ScheduleO/GeneralExplanation/Explanation2THE BOARD OF DIRECTORS USES INDEPENDENT DATA, COMPARISON OF COMPENSATION FROM SIMILAR NOT FOR PROFIT ORGANIZATIONS AND OTHER RESOURCES TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation3COPIES OF THE FORMS FOR PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4DURING THE REVIEW OF THE VARIOUS ORGANIZATIONAL DOCUMENTS OF CROSSTOWN ARTS ['CA'], IT WAS DISCOVERED THAT CROSSTOWN ARTS' FORM 1023 PROVIDES THAT IT WOULD NOT ACCEPT CONTRIBUTIONS OF REAL PROPERTY; CONSERVATION EASEMENTS; CLOSELY HELD SECURITIES; INTELLECTUAL PROPERTY SUCH AS PATENTS, TRADEMARKS, AND COPYRIGHTS; WORKS OF MUSIC OR ART; LICENSES; ROYALTIES; AUTOMOBILES, BOATS, PLANES, OR OTHER VEHICLES; OR COLLECTIBLES. CROSSTOWN ARTS' BYLAWS DO NOT PROHIBIT THE CONTRIBUTION OF SUCH ITEMS, AND IT WOULD LIKE TO REVISE ITS ANSWER BY STATING AS FOLLOWS: ALTHOUGH CA DOES NOT INTEND TO SPECIFICALLY SOLICIT CONTRIBUTIONS OF SUCH ITEMS, IT EXPECTS THAT FROM TIME TO TIME DONORS MAY WANT TO CONTRIBUTE SUCH ITEMS TO CA. IF ANY SUCH ASSETS ARE OFFERED AS A DONATION TO CA, THE ACCEPTANCE OF SUCH DONATIONS WILL BE DETERMINED ON A CASE BY CASE BASIS BY CROSSTOWN ARTS' BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 14,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,850. ARCHITECT/DESIGN FEES: PROGRAM SERVICE EXPENSES 39,390. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,390. MARKETING FEES: PROGRAM SERVICE EXPENSES 8,589. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,589.
IRS990ScheduleO/GeneralExplanation/Explanation6AMORTIZATION EXPENSE ON RETURN 511. IMPAIRMENT LOSS NOT ON RETURN -46,000.
IRS990ScheduleO/GeneralExplanation/Explanation7AN IMPAIRMENT LOSS WAS RECOGNIZED ON THE AUDITED FINANACIAL STATEMENTS RELATING TO ACQUIRED INTANGIBLES. FOR TAX RETURN PURPOSES, THE INTANGIBLES ARE REQUIRED TO BE AMORTIZED UNDER INTERNAL REVENUE CODE SECTION 197 ON A STRAIGHT LINE BASIS. ACCORDINGLY THE IMPAIRMENT LOSS OF $46,000 WAS NOT DEDUCTED ON PART IX - STATEMENT OF FUNCTIONAL EXPENSE; HOWEVER, THE AMORTIZATION EXPENSE RELTATED TO THE ACQUIRED INTANGIBLE ASSETS IS INCLUDED ON PART IX - STATMENT OF FUNCTIONAL EXPENSE LINE 22 - DEPRECIATION, DEPLETION AND AMORTIZATION OF $511.
IRS990ScheduleO/GeneralExplanation/Explanation8THE ORGANIZATION ACQUIRED THE OPERATING ASSETS RELATIVE TO A RENTAL BUSINESS THAT ALSO INCLUDED INTANGIBLE ASSETS CONSISTING OF A TRADEMARK AND GOODWILL WITH AN AGREED UPON VALUE OF $46,000 (SEE FORM 8594). FOR FINANCIAL STATEMENT PURPOSES, THE GOODWILL AND TRADEMARK WERE REFLECTED AS AN EXPENSE DURING THE YEAR; HOWEVER, FOR TAX REPORTING PURPOSES THE ASSETS ARE REQUIRED TO BE AMORTIZED OVER 15 YEARS IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 197. ACCORDINGLY, FOR TAX REPORTING PURPOSES THE AMORTIZATION EXPENSE IS INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES.
IRS990ScheduleO/GeneralExplanation/Explanation9STATEMENT OF FUNCTIONAL EXPENSE LINE - 11 G - INCLUDES ARCHITECT/DESIGN FEES THAT SHOULD HAVE BEEN REFLECTED IN A PREVIOUS PERIOD BUT WERE PAID AND DEDUCTED ON THE CURRENT YEAR TAX RETURN IN THE AMOUNT OF $38,540. STATE MENT OF FUNCTIONAL EXPENSE LINE 22 - DEPRECIATION, DEPLETION AND AMORTIZATION INCLUDES AMORTIZATION EXPENSE OF $511 RELATED TO THE ACQUIRED INTANGIBLES AS DESCRIBED ON SCHEDULE O. TOTAL SCHEDULE D PART XII LINE 4B = $39,051
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 1023 RELATED TO CONTRIBUTIONS
IRS990ScheduleO/GeneralExplanation/Identifier1OTHER FEES
IRS990ScheduleO/GeneralExplanation/Identifier2CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier3IMPAIRMENT LOSS NOT DEDUCTED ON THE TAX RETURN
IRS990ScheduleO/GeneralExplanation/Identifier4REPORTING OF ACQUIRED INTANGIBLES FOR FINANCIAL STATEMENTS AND TAX RETURNS
IRS990ScheduleO/GeneralExplanation/Identifier5EXPENSES REPORTED IN DIFFERENT PERIODS IN THE TAX RETURN AND AUDITED STMTS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990 GENERAL DISCLOSURE RELATIVE TO TAX-EXEMPT STATUS
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990 - SCHEDULE D - PART XII, LINE 2D OTHER ADJUSTMENTS
IRS990ScheduleO/GeneralExplanation/ReturnReference8GENERAL INFORMATION
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990 - SCHEDULE D - PART XII - LINE 4B - OTHER ADJUSTMENTS
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0TN
IRS990/StatesWhereCopyOfReturnIsFiled0TN
IRS990/SubjectToProxyTax00
IRS990/TaxableDistributions00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10427 N WATKINS
IRS990/TheBooksAreInCareOf/AddressUS/City0MEMPHIS
IRS990/TheBooksAreInCareOf/AddressUS/State0TN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode038104
IRS990/TheBooksAreInCareOf/NamePerson0CHRISTOPHER MINER
IRS990/TheBooksAreInCareOf/TelephoneNumber09015078030
IRS990/TotalAssets/BOY047559
IRS990/TotalAssetsBOY047559
IRS990/TotalAssets/EOY0629905
IRS990/TotalAssetsEOY0629905
IRS990/TotalCompGT150K00
IRS990/TotalContributions01157258
IRS990/TotalExpensesCurrentYear0607348
IRS990/TotalExpensesPriorYear0353136
IRS990/TotalFunctionalExpenses/Fundraising017860
IRS990/TotalFunctionalExpenses/ManagementAndGeneral042949
IRS990/TotalFunctionalExpenses/ProgramServices0546539
IRS990/TotalFunctionalExpenses/Total0607348
IRS990/TotalFundrsngExpCurrentYear017860
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilitiesBOY00
IRS990/TotalLiabilities/EOY056072
IRS990/TotalLiabilitiesEOY056072
IRS990/TotalLiabNetAssetsFundBalances/BOY047559
IRS990/TotalLiabNetAssetsFundBalances/EOY0629905
IRS990/TotalNbrEmployees05
IRS990/TotalNbrVolunteers025
IRS990/TotalNetAssetsFundBalances/BOY047559
IRS990/TotalNetAssetsFundBalances/EOY0573833
IRS990/TotalOtherCompensation011500
IRS990/TotalOtherRevenue021853
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0546539
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0149667
IRS990/TotalRevenueCurrentYear01179111
IRS990/TotalRevenue/ExclusionAmount014500

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$629,905
Liabilities
$56,072
Net assets
$573,833
Revenue
-
Expenses
$607,348
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$101$65.1$35.4$5.15$4.83$0.32
2024Detailed filing. Detailed filing data is available for this year.$100$64.9$35.4$4.86$5.49$0.62
2023Detailed filing. Detailed filing data is available for this year.$109$84.0$25.4$4.89$6.05$1.17
2022Detailed filing. Detailed filing data is available for this year.$87.2$60.7$26.5$20.0$5.75$14.3
2021Detailed filing. Detailed filing data is available for this year.$52.3$40.6$11.6$3.68$5.45$1.77
2020Detailed filing. Detailed filing data is available for this year.$54.1$41.0$13.1$4.23$6.82$2.59
2019Detailed filing. Detailed filing data is available for this year.$56.9$41.4$15.6$6.95$7.07$0.12
2018Detailed filing. Detailed filing data is available for this year.$56.7$41.0$15.7$8.61$4.63$3.99
2017Detailed filing. Detailed filing data is available for this year.$27.0$15.3$11.7$7.11$4.10$3.01
2016Detailed filing. Detailed filing data is available for this year.$25.0$16.5$8.47$3.25$4.33$1.08
2015Detailed filing. Detailed filing data is available for this year.$24.8$13.0$11.9$11.3$3.34$8.00
2014Detailed filing. Detailed filing data is available for this year.$3.97$0.07$3.90$4.57$1.25$3.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.06$0.57$0.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.34