Civic Intelligence

Kerrville'S 4Th on the River

990 • Fiscal year 2020 • EIN 45-1143725

Jan 01, 2020 to Dec 31, 2020 • Filed on May 21, 2021

717 Water StreetKerrville, TX 78029

(830) 370-9316

Siviq Scores

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

Liabilities / Assets

70th percentile

0.30x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

80th percentile

0.65x

Higher debt load relative to revenue than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$60,709

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

97th percentile

216%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

296%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,272,444

Up $2,920,381 (+216%) from 2019

Net Assets

Up

$3,008,825

Up $1,656,762 (+123%) from 2019

Liabilities

Up

$1,263,619

Up $1,263,619 from 2019

Revenue

Up

$1,951,832

Up $1,458,578 (+296%) from 2019

Expenses

Up

$295,071

Up $117,147 (+66%) from 2019

Net Income

Up

$1,656,761

Up $1,341,431 (+425%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $13,035Liabilities 2014: $02014Assets 2015: $22,691Liabilities 2015: $02015Assets 2016: $43,168Liabilities 2016: $02016Assets 2017: $42,715Liabilities 2017: $0Net Assets 2017: $42,7152017Assets 2018: $1,042,196Liabilities 2018: $0Net Assets 2018: $1,042,1962018Assets 2019: $1,352,063Liabilities 2019: $0Net Assets 2019: $1,352,0632019Assets 2020: $4,272,444Liabilities 2020: $1,263,619Net Assets 2020: $3,008,8252020Assets 2021: $4,315,081Liabilities 2021: $735,630Net Assets 2021: $3,579,4512021Assets 2022: $4,327,203Liabilities 2022: $491,689Net Assets 2022: $3,835,5142022Assets 2023: $4,070,295Liabilities 2023: $433,843Net Assets 2023: $3,636,4522023Assets 2024: $3,939,140Liabilities 2024: $435,569Net Assets 2024: $3,503,5712024

Highlighted filing

2020

Assets$4,272,444
Liabilities$1,263,619
Net Assets$3,008,825

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $3,946Expenses 2014: $0Net Income 2014: $3,9462014Revenue 2015: $9,656Expenses 2015: $0Net Income 2015: $9,6562015Revenue 2016: $21,317Expenses 2016: $840Net Income 2016: $20,4772016Revenue 2017: $10,088Expenses 2017: $10,541Net Income 2017: -$4532017Revenue 2018: $1,108,184Expenses 2018: $108,703Net Income 2018: $999,4812018Revenue 2019: $493,254Expenses 2019: $177,924Net Income 2019: $315,3302019Revenue 2020: $1,951,832Expenses 2020: $295,071Net Income 2020: $1,656,7612020Revenue 2021: $1,365,860Expenses 2021: $795,233Net Income 2021: $570,6272021Revenue 2022: $1,168,533Expenses 2022: $912,471Net Income 2022: $256,0622022Revenue 2023: $841,078Expenses 2023: $1,040,140Net Income 2023: -$199,0622023Revenue 2024: $862,870Expenses 2024: $995,751Net Income 2024: -$132,8812024

Highlighted filing

2020

Revenue$1,951,832
Expenses$295,071
Net Income$1,656,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 21, 2021
Return Version
2020v4.1
Gross Receipts
$1,951,832
Mission and Program Overview

Mission

The mission of kerrville's 4th on the river is to help the kerrville community (texas) in its revitalization efforts to attract and create a more vibrant downtown focusing on the guadalupe river.

Arcadia live will promote vibrant and diverse entertainment while preserving the history and life of downtown kerrville. Arcadia live is the 501(c)(3) non-profit organization that also does business as kerrvilles 4th on the river.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,132,287$4,235,557▲ $3,103,270
Rtn Earn Endowment Incm Other Fnds$1,352,063$3,008,825▲ $1,656,762
Cash and Non-Interest-Bearing Accounts$219,776$34,295▼ $185,481
Savings and Temporary Cash Investments-$2,548-
Accounts Receivable-$44-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,352,063$4,272,444▲ $2,920,381
Liabilities
Other Liabilities$0$1,084,128▲ $1,084,128
Accounts Payable and Accrued Expenses-$157,375-
Deferred Revenue-$22,116-
Total Liabilities$0$1,263,619▲ $1,263,619
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,352,063$3,008,825▲ $1,656,762
Total Liabilities and Net Assets / Fund Balance$1,352,063$4,272,444▲ $2,920,381

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,292,802$21,247$3,314,049
Equipment$662,755$9,520$672,275
Land$280,000-$280,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael KelliherExecutive DirectorFT$60,709$60,709
Anne OverbyChief of FundingFT$42,154$42,154

Board Members and Trustees

NameTitle
Larry HowardPresident
Kyle BondVice President
Blake SmithDirector
David WamplerDirector
Mary MuseDirector
Scott HermanDirector
Scott StumboDirector
Wes LaneDirector
Steve SchulteSecretary
Sara MckeonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,887,196
Program Service Revenue
$56,616
Investment Income
$764
Other Revenue
$7,256
All Other Contributions
$975,406
Change in Net Assets
$1,656,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,307
Salaries, Compensation, and Employee Benefits$134,764
Total Fundraising Expense$11,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$82,289$10,286$10,286$102,861
Depreciation Depletion$30,767--$30,767
Occupancy$22,679--$22,679
Other Salaries and Wages$22,327--$22,327
Fees for Services Other$22,107--$22,107
Interest$11,901--$11,901
Payroll Taxes$8,003$787$786$9,576
Office Expenses$8,981$144-$9,125
Insurance$7,373--$7,373
All Other Expenses$1,665--$1,665
Other Expenses$1,536-$123$1,536
Fees for Services Accounting$325$625-$950
Conferences and Meetings$104--$104
Advertising$68--$68
Fees for Services Legal$59--$59
Total Functional Expenses$272,034$11,842$11,195$295,071
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
Texas Hill Country Bank$967,395
Sba Loan$88,800
Other Liabilities L/t$25,000
Payroll Liability$2,385
Sales Tax Liability$548
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committees have been granted the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

All board of director officers and members are provided a copy of the 990 for review prior to filing.

Form 990, Part VI, Section B, Line 12

The following polices were created and approved by the board in february 2020: conflict of interest, document retention & destruction and whistleblower

Form 990, Part VI, Section C, Line 19

Kerrville's 4th on the river organizational documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Arcadia Live Inc
EIN
45-1143725
Phone
8303709316
Address
717 WATER STREET, KERRVILLE, TX 78029

Signing Officer

Name
Larry Howard
Title
President
Phone
8303709316
Signed
2021-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Howard
Formed
2011
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
0

Preparer

Firm
Davidson Freedle Espenhover & Overby Pc
Address
222 SIDNEY BAKER SOUTH SUITE 635, KERRVILLE, TX 78028
Preparer
Kerwin L Overby
Phone
8308961100
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IRS990/ActivityOrMissionDesc0ARCADIA LIVE WILL PROMOTE VIBRANT AND DIVERSE ENTERTAINMENT WHILE PRESERVING THE HISTORY AND LIFE OF DOWNTOWN KERRVILLE. ARCADIA LIVE IS THE 501(C)(3) NON-PROFIT ORGANIZATION THAT ALSO DOES BUSINESS AS KERRVILLES 4TH ON THE RIVER.
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IRS990/Desc0THE ARCADIA LIVE WILL OFFER LIVE ENTERTAINMENT AND CLASSIC FILMS IN THE HISTORIC ARCADIA THEATRE IN DOWNTOWN KERRVILLE AND ANNUALLY PRODUCE A FREE MUSIC FESTIVAL FOR THE 4TH OF THE JULY FOR THE CITIZENS OF KERRVILLE IN THE LOUISE HAYS PARK ON THE BANKS OF THE GUADALUPE RIVER.
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt056616
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ARCADIA THEATRE WILL STAND AS A TESTAMENT TO THE HISTORY OF THIS BEAUTIFUL PLACE WHILE CONTRIBUTING TO THE CULTURE, ARTS, ENTERTAINMENT, AND COMMUNITY THAT MAKES KERRVILLE SO SPECIAL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0248002
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt063872
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0450521
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0566
IRS990/PYOtherExpensesAmt0134864
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt042167
IRS990/PYRevenuesLessExpensesAmt0315330
IRS990/PYSalariesCompEmpBnftPaidAmt043060
IRS990/PYTotalExpensesAmt0177924
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0493254
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01656761
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt07256
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01352063
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03008825
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01872908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0450521
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01090800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0110480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0120357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03645066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0764
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0566
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01427
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt092098
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt03645066
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01872908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0450521
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01090800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0110480
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0120357
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03645066
IRS990ScheduleA/TotalSupportAmt03646493
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03292802
IRS990ScheduleD/BuildingsGrp/DepreciationAmt021247
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03314049
IRS990ScheduleD/EquipmentGrp/BookValueAmt0662755
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0672275
IRS990ScheduleD/LandGrp/BookValueAmt0280000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0280000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1967395
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt225000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TEXAS HILL COUNTRY BANK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES L/T
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SALES TAX LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04235557
IRS990ScheduleD/TotalLiabilityAmt01084128
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEES HAVE BEEN GRANTED THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD OF DIRECTOR OFFICERS AND MEMBERS ARE PROVIDED A COPY OF THE 990 FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOLLOWING POLICES WERE CREATED AND APPROVED BY THE BOARD IN FEBRUARY 2020: CONFLICT OF INTEREST, DOCUMENT RETENTION & DESTRUCTION AND WHISTLEBLOWER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KERRVILLE'S 4TH ON THE RIVER ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01352063
IRS990/TotalAssetsEOYAmt04272444
IRS990/TotalAssetsGrp/BOYAmt01352063
IRS990/TotalAssetsGrp/EOYAmt04272444
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01887196
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011195
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011842
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0272034
IRS990/TotalFunctionalExpensesGrp/TotalAmt0295071
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt01263619
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01263619
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01352063
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03008825
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0272034
IRS990/TotalProgramServiceRevenueAmt056616
IRS990/TotalReportableCompFromOrgAmt0102863
IRS990/TotalRevenueGrp/ExclusionAmt0764
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt063872
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01951832
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01352063
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04272444
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

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