Civic Intelligence

Miller Beach Arts & Creative District CDC

990 • Fiscal year 2019 • EIN 45-2182448

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

P O Box 2405Gary, IN 46403

(219) 938-6278

Siviq Scores

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

Liabilities / Assets

86th percentile

0.28x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

0.53x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

33rd percentile

-3.5%

Higher net margin than 33% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

42nd percentile

-1.2%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$346,323

Down $4,242 (-1.2%) from 2018

Net Assets

Down

$248,744

Down $63,717 (-20%) from 2018

Liabilities

Up

$97,579

Up $59,475 (+156%) from 2018

Revenue

Up

$184,078

Up $35,832 (+24%) from 2018

Expenses

Up

$190,531

Up $6,006 (+3.3%) from 2018

Net Income

Up

-$6,453

Up $29,826 (+82%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $27,284Liabilities 2013: $13,638Net Assets 2013: $13,6462013Assets 2014: $34,903Liabilities 2014: $5,499Net Assets 2014: $29,4042014Assets 2015: $211,365Liabilities 2015: $46,663Net Assets 2015: $164,7022015Assets 2016: $195,234Liabilities 2016: $53,250Net Assets 2016: $141,9842016Assets 2017: $204,891Liabilities 2017: $52,102Net Assets 2017: $152,7892017Assets 2018: $350,565Liabilities 2018: $38,104Net Assets 2018: $312,4612018Assets 2019: $346,323Liabilities 2019: $97,579Net Assets 2019: $248,7442019Assets 2020: $249,255Liabilities 2020: $0Net Assets 2020: $249,2552020Assets 2021: $245,577Liabilities 2021: $92,155Net Assets 2021: $153,4222021Assets 2022: $246,616Liabilities 2022: $130,712Net Assets 2022: $115,9042022Assets 2023: $248,262Liabilities 2023: $119,728Net Assets 2023: $128,5342023Assets 2024: $254,565Liabilities 2024: $74,628Net Assets 2024: $179,9372024Assets 2025: $298,772Liabilities 2025: $5,569Net Assets 2025: $293,2032025

Highlighted filing

2019

Assets$346,323
Liabilities$97,579
Net Assets$248,744

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2013: $60,7832013Revenue 2014: $115,596Expenses 2014: $112,046Net Income 2014: $3,5502014Revenue 2015: $187,005Expenses 2015: $171,994Net Income 2015: $15,0112015Revenue 2016: $159,465Expenses 2016: $186,789Net Income 2016: -$27,3242016Revenue 2017: $203,332Expenses 2017: $185,648Net Income 2017: $17,6842017Revenue 2018: $148,246Expenses 2018: $184,525Net Income 2018: -$36,2792018Revenue 2019: $184,078Expenses 2019: $190,531Net Income 2019: -$6,4532019Revenue 2020: $158,369Expenses 2020: $135,057Net Income 2020: $23,3122020Revenue 2021: $116,330Expenses 2021: $117,518Net Income 2021: -$1,1882021Revenue 2022: $154,599Expenses 2022: $171,432Net Income 2022: -$16,8332022Revenue 2023: $157,503Expenses 2023: $144,873Net Income 2023: $12,6302023Revenue 2024: $200,165Expenses 2024: $172,870Net Income 2024: $27,2952024Revenue 2025: $234,484Expenses 2025: $178,080Net Income 2025: $56,4042025

Highlighted filing

2019

Revenue$184,078
Expenses$190,531
Net Income-$6,453
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.3
Gross Receipts
$184,078
Mission and Program Overview

Mission

The mission of the Miller Beach Arts Creative District, positioned on Lake Michigans southern beaches and Indiana Dunes National Lakeshore Park, is to create a diverse, welcoming and vibrant cultural desination for the visual, performing and culinary arts as a catalyst for community regeneration, sustainability and livability.

Miller Beach Arts Creative District located on Lake Michigans southern beaches and Indiana Dunes National Lakeshore Park, was created to complete a diverse, welcoming and vibrant cultural destination for the visual, performing and culinary arts as a catalyst for community regeneration, sustainability and livability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$288,600$288,600→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$288,600$255,287▼ $33,313
Cash and Non-Interest-Bearing Accounts$59,388$54,868▼ $4,520
Cap Stk Tr Prin Current Funds$5,297--
Savings and Temporary Cash Investments$2,202$2,855▲ $653
Rtn Earn Endowment Incm Other Fnds$-36,278$-6,543▲ $29,735
Total Assets$350,565$346,323▼ $4,242
Other Assets Total$375--
Liabilities
Other Liabilities$53,463$96,329▲ $42,866
Unsecured Notes Loans Payable$1,679--
Accounts Payable and Accrued Expenses$37,804$1,250▼ $36,554
Total Liabilities$92,946$97,579▲ $4,633
Net Assets / Fund Balance
Total Net Assets Fund Balance$257,619$248,744▼ $8,875
Total Liabilities and Net Assets / Fund Balance$350,565$346,323▼ $4,242
Compensation and Service Providers

Board Members and Trustees

NameTitle
Irene Smith-KingPresident
Sheila MossVice-President
Ann RoseDirector
Ben MurrayDirector
Kathy LongDirector
Larry LapidusDirector
Linda LeviDirector
Nina GreerDirector
Robert NorthingtonDirector
Rosalind MitchellDirector
Sara KobetisDirector
Tim PetritesDirector
Wendy VachetDirector
Anastasia RamosSecretary
Wendy PrettymanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$184,078
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$184,078
Change in Net Assets
$-6,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,887
Salaries, Compensation, and Employee Benefits$45,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$42,400--$42,400
Occupancy$31,479--$31,479
Fees for Services Accounting$15,000--$15,000
Insurance$6,542--$6,542
Office Expenses$6,191--$6,191
Payroll Taxes$3,244--$3,244
Other Expenses$2,995--$2,995
Interest$1,488--$1,488
Advertising$1,129--$1,129
Conferences and Meetings$297--$297
Fees for Services Other$250--$250
Information Technology$250--$250
Total Functional Expenses$190,531$0$0$190,531
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
Temporarily Restricted Funds$56,253
Security Deposits$33,324
Payroll Liabilities$5,400
Federal income taxes$1,352
Line of Credit-
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
Filing and Contact Details

Filer

Filer Name
Miller Beach Arts & Creative District Cdc Inc
EIN
45-2182448
Phone
2199386278
Address
P O BOX 2405, GARY, IN 46403

Signing Officer

Name
Irene Smith-king
Title
President
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Irene Smith-king
Formed
2011
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
1

Preparer

Firm
Pettit Accounting & Management Services LLC
Address
PO BOX 2644, GARY, IN 46403
Preparer
Wendy J Prettyman
Phone
2199382644
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24C

As part of our mission to participate in the Economic Development of the main corridor of our business community we received a designated donation to pay for the demolition of a building no longer habitable for it to be re-purposed as a much needed parking lot.

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IRS990/PrincipalOfficerNm0IRENE SMITH-KING
IRS990/PriorPeriodAdjustmentsAmt0-2422
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0117901
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0121492
IRS990/PYOtherRevenueAmt06713
IRS990/PYProgramServiceRevenueAmt023632
IRS990/PYRevenuesLessExpensesAmt0-36279
IRS990/PYSalariesCompEmpBnftPaidAmt063033
IRS990/PYTotalExpensesAmt0184525
IRS990/PYTotalRevenueAmt0148246
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-6453
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-36278
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-6543
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02202
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02855
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0133244
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt098971
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0172902
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0114627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0105706
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0625450
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt051834
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt067500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt030430
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt026889
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0235953
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0861403
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0185078
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0166471
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0203332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0141516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0165006
IRS990ScheduleA/Total509Grp/TotalAmt0861403
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0185078
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0166471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0203332
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0141516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0165006
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0861403
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt233324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt356253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Temporarily Restricted Funds
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Line of Credit
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalLiabilityAmt096329
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0As part of our mission to participate in the Economic Development of the main corridor of our business community we received a designated donation to pay for the demolition of a building no longer habitable for it to be re-purposed as a much needed parking lot.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IX, Line 24c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0350565
IRS990/TotalAssetsEOYAmt0346323
IRS990/TotalAssetsGrp/BOYAmt0350565
IRS990/TotalAssetsGrp/EOYAmt0346323
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0184078
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190531
IRS990/TotalFunctionalExpensesGrp/TotalAmt0190531
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092946
IRS990/TotalLiabilitiesEOYAmt097579
IRS990/TotalLiabilitiesGrp/BOYAmt092946
IRS990/TotalLiabilitiesGrp/EOYAmt097579
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0257619
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0248744
IRS990/TotalProgramServiceExpensesAmt0190531
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0184078
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0350565
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0346323
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01679

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