Civic Intelligence

New Life Studios Inc.

990 • Fiscal year 2019 • EIN 27-1967652

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 03, 2020

Pobox 844Jamestown, TN 38556

(931) 879-8188

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.75x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

0.18x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

62nd percentile

9.7%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

59th percentile

7.5%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

5.1%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$63,262

Up $4,440 (+7.5%) from 2018

Net Assets

Up

$15,507

Up $25,080 (+262%) from 2018

Liabilities

Down

$47,755

Down $20,640 (-30%) from 2018

Revenue

Up

$259,848

Up $12,560 (+5.1%) from 2018

Expenses

Down

$234,768

Down $6,223 (-2.6%) from 2018

Net Income

Up

$25,080

Up $18,783 (+298%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2014: $53,627Liabilities 2014: $141,613Net Assets 2014: -$87,9862014Assets 2015: $66,356Liabilities 2015: $124,328Net Assets 2015: -$57,9722015Assets 2016: $61,216Liabilities 2016: $104,147Net Assets 2016: -$42,9312016Assets 2017: $71,511Liabilities 2017: $87,381Net Assets 2017: -$15,8702017Assets 2018: $58,822Liabilities 2018: $68,395Net Assets 2018: -$9,5732018Assets 2019: $63,262Liabilities 2019: $47,755Net Assets 2019: $15,5072019Assets 2020: $75,475Liabilities 2020: $31,127Net Assets 2020: $44,3482020Assets 2021: $179,540Liabilities 2021: $5,233Net Assets 2021: $174,3072021Assets 2022: $231,802Liabilities 2022: $6,140Net Assets 2022: $225,6622022Assets 2023: $274,878Liabilities 2023: $8,514Net Assets 2023: $266,3642023Assets 2024: $325,766Liabilities 2024: $8,409Net Assets 2024: $317,3572024

Highlighted filing

2019

Assets$63,262
Liabilities$47,755
Net Assets$15,507

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2014: $267,236Expenses 2014: $229,794Net Income 2014: $37,4422014Revenue 2015: $271,083Expenses 2015: $241,070Net Income 2015: $30,0132015Revenue 2016: $263,891Expenses 2016: $252,444Net Income 2016: $11,4472016Revenue 2017: $265,533Expenses 2017: $238,473Net Income 2017: $27,0602017Revenue 2018: $247,288Expenses 2018: $240,991Net Income 2018: $6,2972018Revenue 2019: $259,848Expenses 2019: $234,768Net Income 2019: $25,0802019Revenue 2020: $249,496Expenses 2020: $220,463Net Income 2020: $29,0332020Revenue 2021: $360,892Expenses 2021: $229,389Net Income 2021: $131,5032021Revenue 2022: $301,531Expenses 2022: $250,176Net Income 2022: $51,3552022Revenue 2023: $298,899Expenses 2023: $258,197Net Income 2023: $40,7022023Revenue 2024: $303,768Expenses 2024: $252,775Net Income 2024: $50,9932024

Highlighted filing

2019

Revenue$259,848
Expenses$234,768
Net Income$25,080
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$259,848
Mission and Program Overview

Mission

The organization operates gospel radio stations that promotes the spreading of the gospel by music and programming

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$30,860$35,005▲ $4,145
Cash and Non-Interest-Bearing Accounts$18,748$21,803▲ $3,055
Rtn Earn Endowment Incm Other Fnds$-9,573$15,507▲ $25,080
Land, Buildings, and Equipment, Net$9,214$6,454▼ $2,760
Total Assets$58,822$63,262▲ $4,440
Liabilities
Unsecured Notes Loans Payable$64,726$42,828▼ $21,898
Accounts Payable and Accrued Expenses$3,669$4,927▲ $1,258
Total Liabilities$68,395$47,755▼ $20,640
Net Assets / Fund Balance
Total Net Assets Fund Balance$-9,573$15,507▲ $25,080
Total Liabilities and Net Assets / Fund Balance$58,822$63,262▲ $4,440

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$201,659$201,659
Buildings$0$137,474$137,474
Equipment$6,454$10,058$16,512
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Baley F Allred IiiBoard Member
Brenda L AllredBoard Member
Paul MartinBoard Member
Ralph Sexton JrBoard Member
Randy JonesBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$169,666
Program Service Revenue
$90,182
Investment Income
$0
Other Revenue
$0
All Other Contributions
$169,666
Change in Net Assets
$25,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,882
Salaries, Compensation, and Employee Benefits$116,886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,605$0$0$107,605
All Other Expenses$72,837$0$0$72,837
Payroll Taxes$8,632$0$0$8,632
Other Expenses$6,341$0$0$6,341
Occupancy$3,600$0$0$3,600
Interest$3,573$0$0$3,573
Depreciation Depletion$2,760$0$0$2,760
Travel$2,566$0$0$2,566
Advertising$2,510$0$0$2,510
Fees for Services Accounting$1,215$0$0$1,215
Other Employee Benefits$649$0$0$649
Total Functional Expenses$234,768$0$0$234,768
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
New Life Studios Inc
EIN
27-1967652
Phone
9318798188
Address
POBOX 844, JAMESTOWN, TN 38556

Signing Officer

Name
Brenda Allred
Title
Board Member
Phone
9318798188
Signed
2020-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Allred
Formed
2010
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
10

Preparer

Firm
Hines and Company Cpas
Address
405 AGNES RD STE 200-A, KNOXVILLE, TN 37919-6313
Preparer
Janna S Hubbs
Phone
8655843300
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Two members of the board are married

Pt VI, Line 6

BOARD MEMBERS

Pt VI, Line 8A

Minutes are taken at the board meetings

Pt VI, Line 11B

UPON REQUEST

Form 990, Part IX, Line 24E

Small equipment 682. 682. 0. 0.

Form 990, Part IX, Line 24E

Insurance 5991. 5991. 0. 0.

Form 990, Part IX, Line 24E

Licenses 8058. 8058. 0. 0.

Form 990, Part IX, Line 24E

Maintenance 764. 764. 0. 0.

Form 990, Part IX, Line 24E

Paypal service charges 441. 441. 0. 0.

Form 990, Part IX, Line 24E

Postage 2455. 2455. 0. 0.

Form 990, Part IX, Line 24E

Printing 1450. 1450. 0. 0.

Form 990, Part IX, Line 24E

Sharathon 460. 460. 0. 0.

Form 990, Part IX, Line 24E

Supplies 7393. 7393. 0. 0.

Form 990, Part IX, Line 24E

Other taxes 588. 588. 0. 0.

Form 990, Part IX, Line 24E

Telephone 26250. 26250. 0. 0.

Form 990, Part IX, Line 24E

Utilities 18305. 18305. 0. 0.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0137474
IRS990ScheduleD/EquipmentGrp/BookValueAmt06454
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010058
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016512
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO MEMBERS OF THE BOARD ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINUTES ARE TAKEN AT THE BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SMALL EQUIPMENT 682. 682. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INSURANCE 5991. 5991. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LICENSES 8058. 8058. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MAINTENANCE 764. 764. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PAYPAL SERVICE CHARGES 441. 441. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9POSTAGE 2455. 2455. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PRINTING 1450. 1450. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11SHARATHON 460. 460. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12SUPPLIES 7393. 7393. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13OTHER TAXES 588. 588. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14TELEPHONE 26250. 26250. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15UTILITIES 18305. 18305. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0234768
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt047755
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IRS990/TotalLiabilitiesGrp/EOYAmt047755
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IRS990/TotalProgramServiceRevenueAmt090182
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259848
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt042828
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IRS990/USAddress/CityNm0JAMESTOWN
IRS990/USAddress/StateAbbreviationCd0TN
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA ALLRED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum09318798188
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW LIFE STUDIOS INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWL
ReturnHeader/Filer/EIN0271967652
ReturnHeader/Filer/PhoneNum09318798188
ReturnHeader/Filer/USAddress/AddressLine1Txt0POBOX 844
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.73.206.2

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