Civic Intelligence

Sheltered Reality Inc.

990EZ • Fiscal year 2021 • EIN 42-1490726

Jan 01, 2021 to Dec 31, 2021 • Filed on May 05, 2022

408 E 8th StreetWest Liberty, IA 52776

(319) 627-3786

Siviq Scores

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

Liabilities / Assets

96th percentile

1.34x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

5.75x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

10th percentile

-64%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

94th percentile

$60,500

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 83.8% of source-year revenue.

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

Asset Growth

97th percentile

374%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

23rd percentile

-35%

Faster revenue growth than 23% of similar nonprofits.

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

Assets

Flat

$310,540

Flat from 2021

Net Assets

-$104,351

No earlier filing loaded for comparison.

Liabilities

Flat

$414,891

Flat from 2021

Revenue

Flat

$72,179

Flat from 2021

Expenses

Flat

$118,240

Flat from 2021

Net Income

Flat

-$46,061

Flat from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2011: $137,047Liabilities 2011: $55,957Net Assets 2011: $81,0902011Assets 2012: $126,216Liabilities 2012: $50,453Net Assets 2012: $75,7632012Assets 2013: $112,301Liabilities 2013: $53,031Net Assets 2013: $59,2702013Assets 2014: $106,077Liabilities 2014: $52,768Net Assets 2014: $53,3092014Assets 2015: $84,430Liabilities 2015: $66,4592015Assets 2016: $70,405Liabilities 2016: $77,405Net Assets 2016: -$7,0002016Assets 2017: $56,232Liabilities 2017: $109,870Net Assets 2017: -$53,6382017Assets 2018: $37,430Liabilities 2018: $107,092Net Assets 2018: -$69,6622018Assets 2019: $34,689Liabilities 2019: $107,795Net Assets 2019: -$73,1062019Assets 2020: $65,563Liabilities 2020: $123,852Net Assets 2020: -$58,2892020Assets 2021: $310,540Liabilities 2021: $414,891Net Assets 2021: -$104,3512021Assets 2021: $310,540Liabilities 2021: $414,8912021Assets 2022: $212,255Liabilities 2022: $399,907Net Assets 2022: -$187,6522022Assets 2023: $67,587Liabilities 2023: $351,7342023Assets 2024: $17,749Liabilities 2024: $348,438Net Assets 2024: -$330,6892024

Highlighted filing

2021

Assets$310,540
Liabilities$414,891
Net Assets-$104,351

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $204,094Expenses 2011: $214,155Net Income 2011: -$10,0612011Revenue 2012: $205,160Expenses 2012: $210,487Net Income 2012: -$5,3272012Revenue 2013: $198,873Expenses 2013: $215,366Net Income 2013: -$16,4932013Revenue 2014: $216,564Expenses 2014: $222,525Net Income 2014: -$5,9612014Revenue 2015: $183,603Expenses 2015: $218,941Net Income 2015: -$35,3382015Revenue 2016: $188,251Expenses 2016: $213,222Net Income 2016: -$24,9712016Revenue 2017: $173,204Expenses 2017: $219,842Net Income 2017: -$46,6382017Revenue 2018: $142,164Expenses 2018: $158,188Net Income 2018: -$16,0242018Revenue 2019: $142,463Expenses 2019: $145,907Net Income 2019: -$3,4442019Revenue 2020: $111,817Expenses 2020: $97,000Net Income 2020: $14,8172020Revenue 2021: $72,179Expenses 2021: $118,240Net Income 2021: -$46,0612021Revenue 2021: $72,179Expenses 2021: $118,240Net Income 2021: -$46,0612021Revenue 2022: $54,250Expenses 2022: $137,551Net Income 2022: -$83,3012022Revenue 2023: $41,022Expenses 2023: $137,518Net Income 2023: -$96,4962023Revenue 2024: $68,888Expenses 2024: $115,429Net Income 2024: -$46,5412024

Highlighted filing

2021

Revenue$72,179
Expenses$118,240
Net Income-$46,061
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 5, 2022
Return Version
2021v4.0
Gross Receipts
$74,461
Mission and Program Overview

Mission

Sheltered Reality, Inc. employs the power of music to engage and motivate audiences to make positive changes both in themselves and the world they live in. Through stories of hardship and triumph, and a sequence of Success, Sheltered Reality teaches personal empowerment and character building, and then encourages the application of these abilities to its primary focus of advocacy for youth in crisis.

Program Services

DescriptionGrantsExpenses
SHELTERED REALITY, INC. HAS PROMOTED ADVOCACY FOR TROUBLED CHILDREN AND TEENS THROUGH A UNIQUE MIX OF MUSIC AND EDUCATION TO SCHOOLS, CHURCHES, ORGANIZATIONS, AGENCIES AND INDIVIDUALS. IN 2021 SHELTERED REALITY HAD 55 PERFORMANCES AND SERVED 60 MEMBERS.-$87,669
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE S SCHLOSSERDirectorFT$60,500-$60,500
STEPHEN JENSENSecretaryPT$0--
BRENDA PELZERTreasurerPT$0--
JULIE FRITZPresidentPT$0--
DONNA LAIRVice PresidePT$0--
MARIANNE REININGERVice PresidePT$0--
MARY DELLYSchedulingPT$0--
Filing and Contact Details

Filer

Filer Name
Sheltered Reality Inc
EIN
42-1490726
Phone
3196273786
Address
408 E 8TH STREET, WEST LIBERTY, IA 52776

Signing Officer

Name
Steve S Schlosser
Title
Director
Phone
3196273786
Signed
2022-05-05
Discuss with paid preparer
Yes

Preparer

Firm
Lattaharris Llp
Address
1201 NORTH AVENUE, TIPTON, IA 52772
Preparer
Mitch Richman
Phone
5638862187
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office exp. 374 travel 9,489 interest 11,143 insurance 6,962 bank charges 627 website 293 fees 425 supplies 3,131 telephone 2,860 filing fees 169 non-investment depreciation 9,912 total 45,385

Form 990-ez, Part II, Line 24

Accounts receivable 75 1,515 inventories for sale or use 12,281 14,067 machinery & equipment 196,200 246,043 less accumulated depreciation 146,097 156,009 total 62,459 105,616

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 97,387 61,238 unsecured notes and loans payable 25,281 352,255 payroll liabilities 1,185 1,398

Form 990-ez, Part III

Sheltered reality, inc. Employs the power of music to engage and motivate audiences to make positive changes both in themselves and the world they live in. Through stories of hardship and triumph, and a sequence of success, sheltered reality teaches personal empowerment and character building, and then encourages the application of these abilities to its primary focus of advocacy for youth in crisis.

Form 990-ez, Part III, Line 28

Sheltered reality, inc. Has promoted advocacy for troubled children and teens through a unique mix of music and education to schools, churches, organizations, agencies and individuals. In 2021 sheltered reality had 55 performances and served 60 members.

Raw XML Appendix177 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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IRS990EZ/PrimaryExemptPurposeTxt0SHELTERED REALITY, INC. EMPLOYS THE POWER OF MUSIC TO ENGAGE AND MOTIVATE AUDIENCES TO MAKE POSITIVE CHANGES BOTH IN THEMSELVES AND THE WORLD THEY LIVE IN. THROUGH STORIES OF HARDSHIP AND TRIUMPH, AND A SEQUENCE OF SUCCESS, SHELTERED REALITY TEACHES PERSONAL EMPOWERMENT AND CHARACTER BUILDING, AND THEN ENCOURAGES THE APPLICATION OF THESE ABILITIES TO ITS PRIMARY FOCUS OF ADVOCACY FOR YOUTH IN CRISIS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXP. 374 TRAVEL 9,489 INTEREST 11,143 INSURANCE 6,962 BANK CHARGES 627 WEBSITE 293 FEES 425 SUPPLIES 3,131 TELEPHONE 2,860 FILING FEES 169 NON-INVESTMENT DEPRECIATION 9,912 TOTAL 45,385
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 75 1,515 INVENTORIES FOR SALE OR USE 12,281 14,067 MACHINERY & EQUIPMENT 196,200 246,043 LESS ACCUMULATED DEPRECIATION 146,097 156,009 TOTAL 62,459 105,616
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 97,387 61,238 UNSECURED NOTES AND LOANS PAYABLE 25,281 352,255 PAYROLL LIABILITIES 1,185 1,398
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SHELTERED REALITY, INC. EMPLOYS THE POWER OF MUSIC TO ENGAGE AND MOTIVATE AUDIENCES TO MAKE POSITIVE CHANGES BOTH IN THEMSELVES AND THE WORLD THEY LIVE IN. THROUGH STORIES OF HARDSHIP AND TRIUMPH, AND A SEQUENCE OF SUCCESS, SHELTERED REALITY TEACHES PERSONAL EMPOWERMENT AND CHARACTER BUILDING, AND THEN ENCOURAGES THE APPLICATION OF THESE ABILITIES TO ITS PRIMARY FOCUS OF ADVOCACY FOR YOUTH IN CRISIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SHELTERED REALITY, INC. HAS PROMOTED ADVOCACY FOR TROUBLED CHILDREN AND TEENS THROUGH A UNIQUE MIX OF MUSIC AND EDUCATION TO SCHOOLS, CHURCHES, ORGANIZATIONS, AGENCIES AND INDIVIDUALS. IN 2021 SHELTERED REALITY HAD 55 PERFORMANCES AND SERVED 60 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.18$3.48$3.31$0.69$1.15$0.47
2023Summary only. Only limited summary data is available for this year.$0.68$3.52$0.41$1.38$0.96
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$4.00$1.88$0.54$1.38$0.83
2021Detailed filing. Detailed filing data is available for this year.$3.11$4.15$1.04$0.72$1.18$0.46
2021Summary only. Only limited summary data is available for this year.$3.11$4.15$0.72$1.18$0.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$1.24$0.58$1.12$0.97$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$1.08$0.73$1.42$1.46$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$1.07$0.70$1.42$1.58$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$1.10$0.54$1.73$2.20$0.47
2016Summary only. Only limited summary data is available for this year.$0.70$0.77$0.07$1.88$2.13$0.25
2015Summary only. Only limited summary data is available for this year.$0.84$0.66$1.84$2.19$0.35
2014Summary only. Only limited summary data is available for this year.$1.06$0.53$0.53$2.17$2.23$0.06
2013Summary only. Only limited summary data is available for this year.$1.12$0.53$0.59$1.99$2.15$0.16
2012Summary only. Only limited summary data is available for this year.$1.26$0.50$0.76$2.05$2.10$0.05
2011Summary only. Only limited summary data is available for this year.$1.37$0.56$0.81$2.04$2.14$0.10