Civic Intelligence

Rivendell Theatre Ensemble

990 • Fiscal year 2021 • EIN 36-4074148

Aug 01, 2020 to Jul 31, 2021 • Filed on Jan 25, 2022

5775 N Ridge RdChicago, IL 60660

(773) 334-7728

Siviq Scores

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

Liabilities / Assets

78th percentile

0.11x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.09x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

75th percentile

30%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

90th percentile

$41,640

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

83rd percentile

61%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

58th percentile

14%

Faster revenue growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$262,089

Up $99,672 (+61%) from 2020

Net Assets

Up

$232,937

Up $102,080 (+78%) from 2020

Liabilities

Down

$29,152

Down $2,408 (-7.6%) from 2020

Revenue

Up

$335,080

Up $40,794 (+14%) from 2020

Expenses

Down

$233,000

Down $89,482 (-28%) from 2020

Net Income

Up

$102,080

Up $130,276 (+462%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $189,083Liabilities 2016: $8,604Net Assets 2016: $180,4792016Assets 2017: $160,451Liabilities 2017: $738Net Assets 2017: $159,7132017Assets 2018: $125,621Liabilities 2018: $3,856Net Assets 2018: $121,7652018Assets 2019: $173,696Liabilities 2019: $14,643Net Assets 2019: $159,0532019Assets 2020: $162,417Liabilities 2020: $31,560Net Assets 2020: $130,8572020Assets 2021: $262,089Liabilities 2021: $29,152Net Assets 2021: $232,9372021Assets 2022: $293,599Liabilities 2022: $1,830Net Assets 2022: $291,7692022Assets 2023: $310,759Liabilities 2023: $4,758Net Assets 2023: $306,0012023Assets 2024: $387,317Liabilities 2024: $87,582Net Assets 2024: $299,7352024Assets 2025: $395,061Liabilities 2025: $2,519Net Assets 2025: $392,5422025

Highlighted filing

2021

Assets$262,089
Liabilities$29,152
Net Assets$232,937

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $388,891Expenses 2016: $238,090Net Income 2016: $150,8012016Revenue 2017: $279,758Expenses 2017: $300,524Net Income 2017: -$20,7662017Revenue 2018: $312,379Expenses 2018: $350,327Net Income 2018: -$37,9482018Revenue 2019: $400,426Expenses 2019: $363,138Net Income 2019: $37,2882019Revenue 2020: $294,286Expenses 2020: $322,482Net Income 2020: -$28,1962020Revenue 2021: $335,080Expenses 2021: $233,000Net Income 2021: $102,0802021Revenue 2022: $423,920Expenses 2022: $365,088Net Income 2022: $58,8322022Revenue 2023: $429,012Expenses 2023: $414,780Net Income 2023: $14,2322023Revenue 2024: $398,180Expenses 2024: $404,446Net Income 2024: -$6,2662024Revenue 2025: $578,673Expenses 2025: $485,866Net Income 2025: $92,8072025

Highlighted filing

2021

Revenue$335,080
Expenses$233,000
Net Income$102,080
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jan 25, 2022
Return Version
2020v4.0
Gross Receipts
$335,080
Mission and Program Overview

Mission

Rivendell Theatre Ensemble is a professional Equity company dedicated to elevating the lives of women through the power of theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$31,999$109,229▲ $77,230
Cash and Non-Interest-Bearing Accounts$110,879$20,468▼ $90,411
Pledges and Grants Receivable$11,200$0▼ $11,200
Land, Buildings, and Equipment, Net-$7,839-
Prepaid Expenses and Deferred Charges$5,366$700▼ $4,666
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$162,417$262,089▲ $99,672
Other Assets Total$2,973$123,853▲ $120,880
Liabilities
Unsecured Notes Loans Payable$22,600$22,600→ $0
Accounts Payable and Accrued Expenses$3,960$6,552▲ $2,592
Deferred Revenue$5,000--
Total Liabilities$31,560$29,152▼ $2,408
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$77,157$232,937▲ $155,780
Net Assets With Donor Restrictions$53,700--
Total Net Assets Fund Balance$130,857$232,937▲ $102,080
Total Liabilities and Net Assets / Fund Balance$162,417$262,089▲ $99,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,839$643$8,482
Other Assets Org$3,853--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tara MallenDirectorFT$41,640$41,640

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$302,909
Program Service Revenue
$8,917
Investment Income
$78
Other Revenue
$23,176
All Other Contributions
$238,656
Change in Net Assets
$102,080

Audited Revenue Reconciliation

Revenue per Audited Statements
$335,080
Revenue Not Reported on Form 990
$27,000
Total Revenue per Audited Statements
$362,080
Total Revenue per Form 990
$335,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$117,964
Other Expenses$115,036
Total Fundraising Expense$19,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,948$27,226-$62,174
Fees for Services Other$26,894$7,593$8,150$42,637
Current Officers, Directors, Trustees, and Key Employees$23,318$18,322-$41,640
Occupancy$11,386$11,077-$22,463
Payroll Taxes$5,362$6,422-$11,784
Fees for Services Accounting-$8,950-$8,950
Advertising$2,977$275$4,139$7,391
Insurance-$4,505-$4,505
Office Expenses$405$3,663$58$4,126
Travel$864$1,638$1,210$3,712
All Other Expenses$1,211$2,166$261$3,638
Other Employee Benefits$2,366--$2,366
Other Expenses$1,880$537$1,410$1,947
Depreciation Depletion$643--$643
Total Functional Expenses$118,822$94,373$19,805$233,000

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$260,000
Expenses per Audited Statements$233,000
Total Expenses per Form 990$233,000
Expenses Not Reported on Form 990$27,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,176
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$23,176$23,176-$23,176
Total Events$23,176$23,176-$23,176
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
Andrea HerreraDirectorEvent CateringNo$1,374

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 11B: Form 990 Review Process

The 990 is provided to the officers and directors prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to annually complete a conflict of interest form.

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

Compensation arrangements are based upon a review by the Board of Compensation paid to similarly situated Individuals In the same type of business, based upon duties Involved, expected number of hours worked, and other appropriate consideration.

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

Compensation arrangements are based upon a review by the Board of Compensation paid to similarly situated Individuals In the same type of business, based upon duties Involved, expected number of hours worked, and other appropriate consideration.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The 990 can be acquired through the Illinois Attorney General and guidestar.org websites.

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

Governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Rivendell Theatre Ensemble
EIN
36-4074148
Phone
7733347728
Address
5775 N Ridge Rd, Chicago, IL 60660

Signing Officer

Name
Andrea McDermott
Title
Chair
Signed
2022-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea McDermott
Formed
1995
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
11
Employees
8
Volunteers
90

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
564 W RANDOLPH STREET SUITE 200, CHICAGO, IL 60661
Preparer
Abdullah Khan CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from Federal and State income taxes under Section 501(c)(3) of the Internal Revenue Code, therefore, the financial statements do not include a provision for income taxes. The Organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The Organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The Organization has identified no significant income tax uncertainties. The Organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the IRS.

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