Civic Intelligence

Bct Management Inc.

990 • Fiscal year 2019 • EIN 35-2146138

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 20, 2020

114 E Kirkwood AveBloomington, IN 47408

(812) 323-3020

Siviq Scores

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

Liabilities / Assets

79th percentile

0.44x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

36th percentile

-0.8%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$69,691

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.7%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$375,624

Up $44,097 (+13%) from 2018

Net Assets

Down

$211,169

Down $8,553 (-3.9%) from 2018

Liabilities

Up

$164,455

Up $52,650 (+47%) from 2018

Revenue

Up

$1,027,844

Up $26,778 (+2.7%) from 2018

Expenses

Up

$1,036,397

Up $28,610 (+2.8%) from 2018

Net Income

Down

-$8,553

Down $1,832 (-27%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $214,434Liabilities 2015: $41,220Net Assets 2015: $173,2142015Assets 2016: $249,642Liabilities 2016: $105,080Net Assets 2016: $144,5622016Assets 2017: $338,083Liabilities 2017: $111,640Net Assets 2017: $226,4432017Assets 2018: $331,527Liabilities 2018: $111,805Net Assets 2018: $219,7222018Assets 2019: $375,624Liabilities 2019: $164,455Net Assets 2019: $211,1692019Assets 2020: $297,560Liabilities 2020: $186,842Net Assets 2020: $110,7182020Assets 2021: $879,742Liabilities 2021: $291,039Net Assets 2021: $588,7032021Assets 2022: $938,688Liabilities 2022: $482,339Net Assets 2022: $456,3492022Assets 2024: $415,290Liabilities 2024: $99,910Net Assets 2024: $315,3802024

Highlighted filing

2019

Assets$375,624
Liabilities$164,455
Net Assets$211,169

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $727,161Expenses 2015: $626,556Net Income 2015: $100,6052015Revenue 2016: $738,984Expenses 2016: $767,636Net Income 2016: -$28,6522016Revenue 2017: $944,453Expenses 2017: $862,572Net Income 2017: $81,8812017Revenue 2018: $1,001,066Expenses 2018: $1,007,787Net Income 2018: -$6,7212018Revenue 2019: $1,027,844Expenses 2019: $1,036,397Net Income 2019: -$8,5532019Revenue 2020: $555,085Expenses 2020: $655,536Net Income 2020: -$100,4512020Revenue 2021: $1,253,203Expenses 2021: $775,218Net Income 2021: $477,9852021Revenue 2022: $1,238,375Expenses 2022: $1,370,729Net Income 2022: -$132,3542022Revenue 2024: $1,105,420Expenses 2024: $1,127,805Net Income 2024: -$22,3852024

Highlighted filing

2019

Revenue$1,027,844
Expenses$1,036,397
Net Income-$8,553
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 20, 2020
Return Version
2019v5.1
Gross Receipts
$1,062,365
Mission and Program Overview

Mission

To develop the Buskirk-Chumley Theater as a high quality and widely accessible community resource and performance venue, operated in a fiscally responsible manner.

Operate a theather for community benefit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$269,738$312,180▲ $42,442
Accounts Receivable$35,084$43,077▲ $7,993
Land, Buildings, and Equipment, Net$14,719$11,867▼ $2,852
Prepaid Expenses and Deferred Charges$11,986$8,500▼ $3,486
Total Assets$331,527$375,624▲ $44,097
Liabilities
Deferred Revenue$85,598$154,940▲ $69,342
Accounts Payable and Accrued Expenses$26,207$9,515▼ $16,692
Total Liabilities$111,805$164,455▲ $52,650
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$208,162$211,169▲ $3,007
Net Assets With Donor Restrictions$11,560$0▼ $11,560
Total Net Assets Fund Balance$219,722$211,169▼ $8,553
Total Liabilities and Net Assets / Fund Balance$331,527$375,624▲ $44,097

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,867$12,084$23,951
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danielle McclellandExecutive DirectorFT$60,872$8,819$69,691

Board Members and Trustees

NameTitle
Ilene SchaefferPresident
Kevin RoblingVice President
Angie FiggDirector
Erick GjerdingenDirector
Joii CooperDirector
Mark FraleyDirector
Ron WalkerDirector
Sara LaughlinDirector
Shaun McdermottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$263,067
Program Service Revenue
$675,875
Investment Income
$382
Other Revenue
$88,520
All Other Contributions
$174,309
Change in Net Assets
$-8,553

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table7$29,123Fair Market Value (FMV)
Total Noncash Contributions7$29,123-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$552,504
Salaries, Compensation, and Employee Benefits$483,893
Total Fundraising Expense$43,103
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$252,989$77,658$19,352$349,999
Current Officers, Directors, Trustees, and Key Employees$50,374$15,463$3,854$69,691
Occupancy$29,699$3,494$1,747$34,940
Other Expenses$24,026$6,865$3,432$34,323
Other Employee Benefits$24,093$7,395$1,843$33,331
Payroll Taxes$22,315$6,850$1,707$30,872
Fees for Services Accounting$8,961$9,985$1,280$20,226
Advertising$14,146$4,042$2,021$20,209
All Other Expenses$11,335$1,650$5,832$18,817
Insurance$12,513$5,363-$17,876
Office Expenses$11,008$3,145$1,571$15,724
Depreciation Depletion-$4,174$464$4,638
Total Functional Expenses$847,210$146,084$43,103$1,036,397
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
Backup withholding compliance
Yes
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
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, Section B, Line 11B

The board treasurer, along with the executive director, review the form 990 before it is filed.

Form 990, Part VI, Section B, Line 12C

Board members monitor compliance of each other.

Form 990, Part VI, Section B, Line 15

Compensation is set by the board of directors based upon recommendations of the executive director. Approximately every five years comparable data of other art organizations in the vicinity are obtained and compared

Form 990, Part VI, Section C, Line 19

Governing documents, policies and financial statements are available to the public at the office during normal business hours.

Form 990, Part VI, Section B, Line 11A

There was no change in the current year in the process of reviewing the 990 prior to filing.

Filing and Contact Details

Filer

Filer Name
Bct Management Inc
EIN
35-2146138
Phone
8123233020
Address
114 E KIRKWOOD AVE, BLOOMINGTON, IN 47408

Signing Officer

Name
Jonah Crismore
Title
Executive Director
Phone
8123233020
Signed
2020-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonah Crismore
Formed
2001
Legal Domicile
In
Voting Board Members
10
Independent Board Members
9
Employees
56
Volunteers
139

Preparer

Firm
Blue & Co LLC
Address
813 WEST SECOND STREET, SEYMOUR, IN 47274
Preparer
Kandy L Wischmeier CPA
Phone
8125228416
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The bct management, inc. Is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code and is exempt from federal taxes on related income pursuant to section 501(a) of the code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2019 and 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As such, the organization is generally exempt from income taxes. However, the organization is required to file federal form 990 return of organization exempt from income tax which is an informational return only.

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01707
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06850
IRS990/PayrollTaxesGrp/ProgramServicesAmt022315
IRS990/PayrollTaxesGrp/TotalAmt030872
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011986
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08500
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IRS990/ProgramServiceRevenueGrp/Desc2OTHER CUSTOMER CHARGES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1215812
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2134611
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt086419
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-8553
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0238151
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0221882
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0149338
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0382
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0706
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0798916
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0795200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0755532
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0569248
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0603230
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt063
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BCT MANAGEMENT, INC. IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2019 AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE ORGANIZATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WHICH IS AN INFORMATIONAL RETURN ONLY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011867
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt07
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0FOOD AND BEVERAGE
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD TREASURER, ALONG WITH THE EXECUTIVE DIRECTOR, REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS MONITOR COMPLIANCE OF EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS SET BY THE BOARD OF DIRECTORS BASED UPON RECOMMENDATIONS OF THE EXECUTIVE DIRECTOR. APPROXIMATELY EVERY FIVE YEARS COMPARABLE DATA OF OTHER ART ORGANIZATIONS IN THE VICINITY ARE OBTAINED AND COMPARED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE WAS NO CHANGE IN THE CURRENT YEAR IN THE PROCESS OF REVIEWING THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11A
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0331527

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