Civic Intelligence

Parallel Studios Inc.

990EZ • Fiscal year 2014 • EIN 36-4663305

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 13, 2015

167 Soaring Hawk TrailSanta Fe, NM 87508

(505) 670-6473

Siviq Scores

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

Liabilities / Assets

84th percentile

0.65x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • NTEE A20 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.12x

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

2014 filings • NTEE A20 • <$500k nonprofits • Source year 2014

Net Margin

45th percentile

1.9%

Higher net margin than 45% of similar nonprofits.

2014 filings • NTEE A20 • <$500k nonprofits • Source year 2014

Top Officer Pay

88th percentile

$20,640

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2014 filings • NTEE A20 • <$500k nonprofits • Source year 2014

Asset Growth

20th percentile

-24%

Faster asset growth than 20% of similar nonprofits.

2014 filings • NTEE A20 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

57th percentile

13%

Faster revenue growth than 57% of similar nonprofits.

2014 filings • NTEE A20 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$30,623

Down $9,496 (-24%) from 2013

Net Assets

Up

$10,858

Up $3,254 (+43%) from 2013

Liabilities

Down

$19,765

Down $12,750 (-39%) from 2013

Revenue

Up

$167,426

Up $18,709 (+13%) from 2013

Expenses

Up

$164,298

Up $13,663 (+9.1%) from 2013

Net Income

Up

$3,128

Up $5,046 (+263%) from 2013

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2012: $40,089Liabilities 2012: $30,567Net Assets 2012: $9,5222012Assets 2013: $40,119Liabilities 2013: $32,515Net Assets 2013: $7,6042013Assets 2014: $30,623Liabilities 2014: $19,765Net Assets 2014: $10,8582014Assets 2015: $15,817Liabilities 2015: $2,832Net Assets 2015: $12,9852015Assets 2016: $31,319Liabilities 2016: $13,955Net Assets 2016: $17,3642016Assets 2017: $33,628Liabilities 2017: $12,122Net Assets 2017: $21,5062017Assets 2018: $38,939Liabilities 2018: $12,107Net Assets 2018: $26,8322018Assets 2019: $47,718Liabilities 2019: $19,025Net Assets 2019: $28,6932019Assets 2020: $51,911Liabilities 2020: $2,825Net Assets 2020: $49,0862020Assets 2021: $91,682Liabilities 2021: $9,890Net Assets 2021: $81,7922021Assets 2022: $92,393Liabilities 2022: $1,504Net Assets 2022: $90,8892022Assets 2023: $106,411Liabilities 2023: $98Net Assets 2023: $106,3132023Assets 2024: $109,253Liabilities 2024: $241Net Assets 2024: $109,0122024

Highlighted filing

2014

Assets$30,623
Liabilities$19,765
Net Assets$10,858

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $102,495Expenses 2012: $106,253Net Income 2012: -$3,7582012Revenue 2013: $148,717Expenses 2013: $150,635Net Income 2013: -$1,9182013Revenue 2014: $167,426Expenses 2014: $164,298Net Income 2014: $3,1282014Revenue 2015: $177,898Expenses 2015: $175,771Net Income 2015: $2,1272015Revenue 2016: $205,308Expenses 2016: $201,247Net Income 2016: $4,0612016Revenue 2017: $215,261Expenses 2017: $211,119Net Income 2017: $4,1422017Revenue 2018: $272,948Expenses 2018: $267,622Net Income 2018: $5,3262018Revenue 2019: $267,824Expenses 2019: $265,963Net Income 2019: $1,8612019Revenue 2020: $163,409Expenses 2020: $143,016Net Income 2020: $20,3932020Revenue 2021: $286,655Expenses 2021: $253,949Net Income 2021: $32,7062021Revenue 2022: $288,455Expenses 2022: $279,358Net Income 2022: $9,0972022Revenue 2023: $228,761Expenses 2023: $213,337Net Income 2023: $15,4242023Revenue 2024: $202,799Expenses 2024: $200,103Net Income 2024: $2,6962024

Highlighted filing

2014

Revenue$167,426
Expenses$164,298
Net Income$3,128
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$167,426
Mission and Program Overview

Mission

Parallel studios fosters new media arts and supports artists in creating innovative work. Our annual festival, currents, educational programs, and exhibition space give the public year-round access to immersive and expansive art experiences.

Parallel Studios is committed to present the work of emerging and established video and new media artists through exhibitions and workshops. We strive to reinvigorate the role creativity and the arts play in our community and the future of our youth. Our programs create a bridge between youth, the general public and the world of contemporary art.

Program Services

DescriptionGrantsExpenses
"Currents" Exibition$129,776$43,000
Youth Media Makers$5,000-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank ReganoCo Ex DirectorFT$20,640-$20,640
Mariannah AmsterCo Ex DirectorFT$17,472-$17,472
Kitty JudaSecretary-$0--
Richard LowenbergPresident-$0--
Anne FarrellDirector-$0--
Paul MarcusTreasurer-$0--
Talia KoshDirector-$0--
Filing and Contact Details

Filer

Filer Name
Parallel Studios Inc
EIN
36-4663305
Phone
5056706473
Address
167 Soaring Hawk Trail, Santa Fe, NM 87508

Signing Officer

Name
Frank Regano
Title
Executive Director
Signed
2015-08-13
Discuss with paid preparer
Yes

Preparer

Firm
Donna Bailey CPA
Address
1440 B ST Francis Drive, Santa Fe, NM 87505
Preparer
Donna Bailey
Phone
5059821443
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $17624

Other Expenses.1005

Travel $7046

Other Expenses.1008

Interest $36

Other Expenses.1009

Depreciation $692

Other Expenses.1012

Insurance $2119

Other Expenses.1

Production expenses $13880

Other Expenses.2

Artist housing and travel $11387

Other Expenses.3

Contract Services $11127

Other Expenses.4

Website dev/maint/marketing $8039

Other Expenses.5

Craft Services $7982

Other Expenses.6

Equipment Rental & small equi $7395

Other Expenses.7

Lensic Theater $4641

Other Expenses.8

Meals and Entertainment $4407

Other Expenses.9

Railyard Plaza Concerts $1950

Other Expenses.10

Janitorial $757

Other Expenses.11

Auto expenses $680

Other Expenses.12

Signage $613

Other Expenses.14

Office $516

Other Expenses.15

Security $454

Other Expenses.16

Executive docs $390

Other Expenses.17

Computer $385

Other Expenses.18

Parking $308

Other Expenses.20

Bank $50

Other Expenses.21

Dues and Subscriptions $32

Other Expenses.22

Licenses and Fees $10

Other Assets.1

- Beginning $318 - Ending $2768

Total Liabilities.1

- Beginning $32515 - Ending $19765

Raw XML Appendix216 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $17624
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $7046
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Interest $36
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $692
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $2119
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Production expenses $13880
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Artist housing and travel $11387
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Contract Services $11127
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Website dev/maint/marketing $8039
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Craft Services $7982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Equipment Rental & small equi $7395
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Lensic Theater $4641
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Meals and Entertainment $4407
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Railyard Plaza Concerts $1950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Janitorial $757
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Auto expenses $680
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Signage $613
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Office $516
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Security $454
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Executive docs $390
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Computer $385
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Parking $308
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Bank $50
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24Licenses and Fees $10
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25- Beginning $318 - Ending $2768
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26- Beginning $32515 - Ending $19765
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Frank Regano
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Parallel Studios Inc
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0364663305
ReturnHeader/Filer/PhoneNum05056706473
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ReturnHeader/Filer/USAddress/CityNm0Santa Fe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087508
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Donna Bailey CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01440 B ST Francis Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Santa Fe
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087505
ReturnHeader/PreparerPersonGrp/PhoneNum05059821443
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Donna Bailey
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-08-13T08:43:59-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$2.03$2.00$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$1.06$2.29$2.13$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.02$0.91$2.88$2.79$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.10$0.82$2.87$2.54$0.33
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.03$0.49$1.63$1.43$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.19$0.29$2.68$2.66$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.12$0.27$2.73$2.68$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.12$0.22$2.15$2.11$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.14$0.17$2.05$2.01$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.03$0.13$1.78$1.76$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.20$0.11$1.67$1.64$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.40$0.33$0.08$1.49$1.51$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.31$0.10$1.02$1.06$0.04