Civic Intelligence

North Raleigh Arts & Creative Theatre

990 • Fiscal year 2016 • EIN 42-1540362

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

7713-51 Lead Mine RdRaleigh, NC 27615

(919) 866-0228

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.02x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

58th percentile

6.4%

Higher net margin than 58% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

75th percentile

24%

Faster asset growth than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

48th percentile

-0.3%

Faster revenue growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$60,445

Up $11,614 (+24%) from 2015

Net Assets

Up

$59,440

Up $13,184 (+29%) from 2015

Liabilities

Down

$1,005

Down $1,570 (-61%) from 2015

Revenue

Down

$206,542

Down $715 (-0.3%) from 2015

Expenses

Up

$193,358

Up $4,977 (+2.6%) from 2015

Net Income

Down

$13,184

Down $5,692 (-30%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $35,762Liabilities 2011: $6,7502011Assets 2012: $49,527Liabilities 2012: $7,6362012Assets 2013: $26,931Liabilities 2013: $6942013Assets 2014: $30,103Liabilities 2014: $2,7232014Assets 2015: $48,831Liabilities 2015: $2,575Net Assets 2015: $46,2562015Assets 2016: $60,445Liabilities 2016: $1,005Net Assets 2016: $59,4402016Assets 2017: $113,159Liabilities 2017: $3,407Net Assets 2017: $109,7522017Assets 2018: $130,712Liabilities 2018: $3,038Net Assets 2018: $127,6742018Assets 2019: $188,384Liabilities 2019: $17,469Net Assets 2019: $170,9152019Assets 2020: $370,799Liabilities 2020: $126,739Net Assets 2020: $244,0602020Assets 2021: $414,685Liabilities 2021: $118,902Net Assets 2021: $295,7832021Assets 2022: $515,384Liabilities 2022: $147,984Net Assets 2022: $367,4002022Assets 2023: $788,268Liabilities 2023: $408,511Net Assets 2023: $379,7572023Assets 2024: $738,422Liabilities 2024: $355,351Net Assets 2024: $383,0712024Assets 2025: $642,301Liabilities 2025: $275,283Net Assets 2025: $367,0182025

Highlighted filing

2016

Assets$60,445
Liabilities$1,005
Net Assets$59,440

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $128,944Expenses 2011: $107,624Net Income 2011: $21,3202011Revenue 2012: $127,748Expenses 2012: $114,869Net Income 2012: $12,8792012Revenue 2013: $123,328Expenses 2013: $138,982Net Income 2013: -$15,6542013Revenue 2014: $161,355Expenses 2014: $160,212Net Income 2014: $1,1432014Revenue 2015: $207,257Expenses 2015: $188,381Net Income 2015: $18,8762015Revenue 2016: $206,542Expenses 2016: $193,358Net Income 2016: $13,1842016Revenue 2017: $241,947Expenses 2017: $191,635Net Income 2017: $50,3122017Revenue 2018: $236,069Expenses 2018: $218,147Net Income 2018: $17,9222018Revenue 2019: $266,090Expenses 2019: $233,718Net Income 2019: $32,3722019Revenue 2020: $224,074Expenses 2020: $150,929Net Income 2020: $73,1452020Revenue 2021: $125,121Expenses 2021: $73,398Net Income 2021: $51,7232021Revenue 2022: $348,352Expenses 2022: $263,850Net Income 2022: $84,5022022Revenue 2023: $358,095Expenses 2023: $345,738Net Income 2023: $12,3572023Revenue 2024: $393,275Expenses 2024: $389,961Net Income 2024: $3,3142024Revenue 2025: $379,260Expenses 2025: $395,313Net Income 2025: -$16,0532025

Highlighted filing

2016

Revenue$206,542
Expenses$193,358
Net Income$13,184
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$206,542
Mission and Program Overview

Mission

North raleigh arts and creative theatre seeks to engage all members of our community by offering high quality entertainment and theatre education. We encourage the development of life skills while providing opportunities to develop a lifelong passion for theatre. We present innovative theatre experiences which are artistically valuable and entertaining.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,109$52,429▲ $14,320
Land, Buildings, and Equipment, Net$10,722$8,016▼ $2,706
Total Assets$48,831$60,445▲ $11,614
Liabilities
Accounts Payable and Accrued Expenses$2,575$1,005▼ $1,570
Total Liabilities$2,575$1,005▼ $1,570
Net Assets / Fund Balance
Unrestricted Net Assets$46,256$59,440▲ $13,184
Total Net Assets Fund Balance$46,256$59,440▲ $13,184
Total Liabilities and Net Assets / Fund Balance$48,831$60,445▲ $11,614

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,016$10,436$18,452
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elaine PetronePresident
Aya WallaceAt-large
David HendersonAt-large
Jonathan MccarterAt-large
Leah AspellAt-large
Nick IzzoAt-large
Rachel MckayAt-large
Stu McdonaldAt-large
Yvonne AndersonAt-large
James AllenTreasurer
Jonathan ToddVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$54,265
Program Service Revenue
$151,783
Investment Income
$0
Other Revenue
$494
All Other Contributions
$33,814
Change in Net Assets
$13,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,597
Salaries, Compensation, and Employee Benefits$28,761
Total Fundraising Expense$848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$52,597$13,149-$65,746
Other Salaries and Wages$21,345$5,336-$26,681
Advertising$5,505$336$848$6,689
Office Expenses-$4,019-$4,019
Depreciation Depletion-$2,706-$2,706
Payroll Taxes$1,664$416-$2,080
Fees for Services Accounting-$725-$725
Insurance-$508-$508
Conferences and Meetings-$390-$390
Other Expenses$460$344-$344
All Other Expenses$38$30-$68
Total Functional Expenses$164,551$27,959$848$193,358
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

Copies of the form 990 were sent to the board members for review prior to filing the return.

Form 990, Page 6, Part VI, Line 12C

The board monitors conflicts of interest on a regular basis. Board members do not vote on any matters that might be a conflict of interest.

Form 990, Page 6, Part VI, Line 19

Governing couments are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
North Raleigh Arts & Creative
EIN
42-1540362
Phone
9198660228
Address
7713-51 LEAD MINE RD, RALEIGH, NC 27615

Signing Officer

Name
James Allen
Title
Treasurer
Phone
9198660228
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Petrone
Formed
2003
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
376

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

North raleigh arts and creative theatre seeks to engage all members of our community by offering high quality entertainment and theatre education. We encourage the development of life skills while providing opportunities to develop a lifelong passion for theatre. We present innovative theatre experiences which are artistically valuable and entertaining.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NORTH RALEIGH ARTS AND CREATIVE THEATRE SEEKS TO ENGAGE ALL MEMBERS OF OUR COMMUNITY BY OFFERING HIGH QUALITY ENTERTAINMENT AND THEATRE EDUCATION. WE ENCOURAGE THE DEVELOPMENT OF LIFE SKILLS WHILE PROVIDING OPPORTUNITIES TO DEVELOP A LIFELONG PASSION FOR THEATRE. WE PRESENT INNOVATIVE THEATRE EXPERIENCES WHICH ARE ARTISTICALLY VALUABLE AND ENTERTAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE FORM 990 WERE SENT TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MONITORS CONFLICTS OF INTEREST ON A REGULAR BASIS. BOARD MEMBERS DO NOT VOTE ON ANY MATTERS THAT MIGHT BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING COUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$2.75$3.67$3.79$3.95$0.16
2024Detailed filing. Detailed filing data is available for this year.$7.38$3.55$3.83$3.93$3.90$0.03
2023Detailed filing. Detailed filing data is available for this year.$7.88$4.09$3.80$3.58$3.46$0.12
2022Detailed filing. Detailed filing data is available for this year.$5.15$1.48$3.67$3.48$2.64$0.85
2021Detailed filing. Detailed filing data is available for this year.$4.15$1.19$2.96$1.25$0.73$0.52
2020Detailed filing. Detailed filing data is available for this year.$3.71$1.27$2.44$2.24$1.51$0.73
2019Detailed filing. Detailed filing data is available for this year.$1.88$0.17$1.71$2.66$2.34$0.32
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.03$1.28$2.36$2.18$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.13$0.03$1.10$2.42$1.92$0.50
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.59$2.07$1.93$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.03$0.46$2.07$1.88$0.19
2014Summary only. Only limited summary data is available for this year.$0.30$0.03$1.61$1.60$0.01
2013Summary only. Only limited summary data is available for this year.$0.27$0.01$1.23$1.39$0.16
2012Summary only. Only limited summary data is available for this year.$0.50$0.08$1.28$1.15$0.13
2011Summary only. Only limited summary data is available for this year.$0.36$0.07$1.29$1.08$0.21