Civic Intelligence

Bct Management Inc.

990 • Fiscal year 2020 • EIN 35-2146138

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 02, 2021

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

87th percentile

0.63x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.34x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$58,605

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

6th percentile

-21%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-46%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$297,560

Down $78,064 (-21%) from 2019

Net Assets

Down

$110,718

Down $100,451 (-48%) from 2019

Liabilities

Up

$186,842

Up $22,387 (+14%) from 2019

Revenue

Down

$555,085

Down $472,759 (-46%) from 2019

Expenses

Down

$655,536

Down $380,861 (-37%) from 2019

Net Income

Down

-$100,451

Down $91,898 (-1074%) from 2019

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

2020

Assets$297,560
Liabilities$186,842
Net Assets$110,718

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

2020

Revenue$555,085
Expenses$655,536
Net Income-$100,451
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 2, 2021
Return Version
2020v4.1
Gross Receipts
$565,011
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 theater for community benefit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$312,180$279,508▼ $32,672
Land, Buildings, and Equipment, Net$11,867$7,829▼ $4,038
Prepaid Expenses and Deferred Charges$8,500$6,250▼ $2,250
Accounts Receivable$43,077$3,973▼ $39,104
Total Assets$375,624$297,560▼ $78,064
Liabilities
Other Liabilities$0$93,800▲ $93,800
Deferred Revenue$154,940$84,177▼ $70,763
Accounts Payable and Accrued Expenses$9,515$8,865▼ $650
Total Liabilities$164,455$186,842▲ $22,387
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$211,169$110,718▼ $100,451
Total Net Assets Fund Balance$211,169$110,718▼ $100,451
Total Liabilities and Net Assets / Fund Balance$375,624$297,560▼ $78,064

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,829$17,062$24,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonah CrismoreExecutive DirectorFT$53,615$4,990$58,605

Board Members and Trustees

NameTitle
Ilene SchaefferPresident
Sara LaughlinVice President
Erick GjerdingenDirector
Mark FraleyDirector
Ron WalkerDirector
Sunni FassDirector
Shaun McdermottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$312,309
Program Service Revenue
$202,141
Investment Income
$177
Other Revenue
$40,458
All Other Contributions
$257,309
Change in Net Assets
$-100,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$436,586
Other Expenses$218,950
Total Fundraising Expense$62,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$182,826$86,043$37,461$306,330
Current Officers, Directors, Trustees, and Key Employees$34,976$16,462$7,167$58,605
Other Employee Benefits$25,756$12,121$5,277$43,154
Payroll Taxes$17,008$8,004$3,485$28,497
Occupancy$23,009$2,707$1,353$27,069
Office Expenses$8,971$2,563$1,282$12,816
Other Expenses$12,075$2,472$1,236$12,075
Advertising$7,030$2,008$1,004$10,042
Insurance$6,839$2,931-$9,770
Fees for Services Accounting$994$7,459$142$8,595
Depreciation Depletion-$4,480$498$4,978
All Other Expenses$3,113--$3,113
Total Functional Expenses$445,672$147,631$62,233$655,536
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$93,800
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
2021-08-02
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
41
Volunteers
140

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, 2020 and 2019, 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/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0263067
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01027844
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-100451
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0242599
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0312309
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0263067
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0244171
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0238151
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0221882
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01279580
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0177
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0382
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0252525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0798916
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0795200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0755532
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0569248
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03171421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0177
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0382
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0820
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt04451001
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0564834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01061983
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01039371
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0993683
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0791130
IRS990ScheduleA/Total509Grp/TotalAmt04451001
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0565011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01062365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01039526
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0993741
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0791178
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04451821
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt07829
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017062
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024891
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt093800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
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, 2020 AND 2019, 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/TotalBookValueLandBuildingsAmt07829
IRS990ScheduleD/TotalLiabilityAmt093800
IRS990/ScheduleJRequiredInd00
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
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0375624
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IRS990/TotalAssetsGrp/BOYAmt0375624
IRS990/TotalAssetsGrp/EOYAmt0297560
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0312309
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt062233
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147631
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0445672
IRS990/TotalFunctionalExpensesGrp/TotalAmt0655536
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0186842
IRS990/TotalLiabilitiesGrp/BOYAmt0164455
IRS990/TotalLiabilitiesGrp/EOYAmt0186842
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0211169
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0110718
IRS990/TotalOtherCompensationAmt04990
IRS990/TotalProgramServiceExpensesAmt0445672

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