Civic Intelligence

Signal Return Inc.

990 • Fiscal year 2022 • EIN 45-2694042

Jul 01, 2021 to Jun 30, 2022 • Filed on May 14, 2023

1345 Division Street 102Detroit, MI 48207-2639

(313) 567-8970

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

65th percentile

15%

Higher net margin than 65% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$50,550

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

59th percentile

7.4%

Faster asset growth than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

17%

Faster revenue growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$373,470

Up $25,574 (+7.4%) from 2021

Net Assets

Up

$365,286

Up $45,084 (+14%) from 2021

Liabilities

Down

$8,184

Down $19,510 (-70%) from 2021

Revenue

Up

$305,306

Up $43,548 (+17%) from 2021

Expenses

Up

$260,222

Up $91,176 (+54%) from 2021

Net Income

Down

$45,084

Down $47,628 (-51%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $79,273Liabilities 2013: $02013Assets 2014: $12,130Net Assets 2014: $12,1302014Assets 2015: $8,594Net Assets 2015: $8,5942015Assets 2016: $19,231Net Assets 2016: $19,2312016Assets 2017: $135,315Liabilities 2017: $705Net Assets 2017: $134,6102017Assets 2018: $137,794Liabilities 2018: $7,617Net Assets 2018: $130,1772018Assets 2019: $137,638Liabilities 2019: $5,765Net Assets 2019: $131,8732019Assets 2020: $252,288Liabilities 2020: $24,798Net Assets 2020: $227,4902020Assets 2021: $347,896Liabilities 2021: $27,694Net Assets 2021: $320,2022021Assets 2022: $373,470Liabilities 2022: $8,184Net Assets 2022: $365,2862022Assets 2023: $913,733Liabilities 2023: $10,854Net Assets 2023: $902,8792023Assets 2024: $1,102,915Liabilities 2024: $195,069Net Assets 2024: $907,8462024

Highlighted filing

2022

Assets$373,470
Liabilities$8,184
Net Assets$365,286

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $199,629Expenses 2013: $170,031Net Income 2013: $29,5982013Revenue 2014: $149,461Expenses 2014: $222,452Net Income 2014: -$72,9912014Revenue 2015: $123,297Expenses 2015: $126,833Net Income 2015: -$3,5362015Revenue 2016: $186,801Expenses 2016: $176,164Net Income 2016: $10,6372016Revenue 2017: $274,139Expenses 2017: $234,163Net Income 2017: $39,9762017Revenue 2018: $192,984Expenses 2018: $197,417Net Income 2018: -$4,4332018Revenue 2019: $210,884Expenses 2019: $209,188Net Income 2019: $1,6962019Revenue 2020: $300,427Expenses 2020: $204,810Net Income 2020: $95,6172020Revenue 2021: $261,758Expenses 2021: $169,046Net Income 2021: $92,7122021Revenue 2022: $305,306Expenses 2022: $260,222Net Income 2022: $45,0842022Revenue 2023: $801,120Expenses 2023: $263,527Net Income 2023: $537,5932023Revenue 2024: $327,321Expenses 2024: $322,354Net Income 2024: $4,9672024

Highlighted filing

2022

Revenue$305,306
Expenses$260,222
Net Income$45,084
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 14, 2023
Return Version
2021v4.2
Gross Receipts
$305,306
Mission and Program Overview

Mission

The organization's mission is: 1. To serve the greater community with the commerce of print and type 2. To connect visiting artists, authors and designers to a local hive of production 3. To teach hands-on experience in printing and typography to a wide demographic 4. To produce relevant, challenging and beautiful work

The organization is a detroit community arts education center dedicated to the preservation of the art and craft of letterpress printing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$157,693$217,609▲ $59,916
Pledges and Grants Receivable-$73,340-
Cash and Non-Interest-Bearing Accounts$144,528$42,723▼ $101,805
Land, Buildings, and Equipment, Net$41,975$37,498▼ $4,477
Total Assets$347,896$373,470▲ $25,574
Other Assets Total$3,700$2,300▼ $1,400
Liabilities
Unsecured Notes Loans Payable$23,295--
Accounts Payable and Accrued Expenses$4,399$8,184▲ $3,785
Total Liabilities$27,694$8,184▼ $19,510
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$221,327$291,886▲ $70,559
Net Assets With Donor Restrictions$98,875$73,400▼ $25,475
Total Net Assets Fund Balance$320,202$365,286▲ $45,084
Total Liabilities and Net Assets / Fund Balance$347,896$373,470▲ $25,574

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,535$70,508$83,043
Equipment$14,375$22,471$36,846
Other Land Buildings$10,588$6,239$16,827
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynne AvadenkaArtistic DirectorFT$50,550$50,550

Board Members and Trustees

NameTitle
Erica BattleChair
Anne RuffleyDirector
Ben BatorDirector
Chantel RushDirector
Gretchen ValadeDirector
Karl DornDirector
Marc SchwartzDirector
Mary TrybusDirector
Michelle AndonianDirector
Peter FalzonDirector
Stephen Mack JonesDirector
Toby BarlowDirector
Ronica DharSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$232,936
Program Service Revenue
$24,370
Investment Income
$0
Other Revenue
$48,000
All Other Contributions
$191,496
Change in Net Assets
$45,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,632
Salaries, Compensation, and Employee Benefits$121,590
Total Fundraising Expense$8,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$48,686$9,129$3,043$60,858
Current Officers, Directors, Trustees, and Key Employees$41,920$7,860$2,620$52,400
Fees for Services Other$34,016$354$118$34,488
Occupancy$22,587--$22,587
Other Expenses$16,629--$16,629
Depreciation Depletion$15,065--$15,065
Fees for Services Accounting$8,873$1,664$555$11,092
Payroll Taxes$6,665$1,250$417$8,332
All Other Expenses$1,683$1,807$785$4,275
Office Expenses$1,028$1,028$1,028$3,084
Insurance$1,537$288$96$1,921
Advertising$959--$959
Fees for Services Legal$748$140$47$935
Travel$525--$525
Total Functional Expenses$227,993$23,520$8,709$260,222
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 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
Yes
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, Part VI, Section B, Line 11B

The executive committee of the board of directors, along with the artistic director, reviews form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Officers and directors are required to disclose annually any interest that could give rise to potential conflict.

Form 990, Part VI, Section B, Line 15A

The executive committee reviews annual compensation and determines the proper level of compensation for the organization's artistic director.

Form 990, Part VI, Section C, Line 19

Financial information is available upon request and is accessible through guidestar.

Filing and Contact Details

Filer

Filer Name
Signal Return Inc
EIN
45-2694042
Phone
3135678970
Address
1345 DIVISION STREET 102, DETROIT, MI 48207-2639

Signing Officer

Name
Lynne Avadenka
Title
Artistic Director
Phone
3135678970
Signed
2023-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynne Avadenka
Formed
2014
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
0

Preparer

Firm
GJC CPA'S & ADVISORS
Address
535 GRISWOLD STREET SUITE 1200, DETROIT, MI 48226-3689
Preparer
Michael R Nicholas
Phone
3139652655
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Artist fees: program service expenses 32,127. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,127. Other professional fees: program service expenses 1,889. Management and general expenses 354. Fundraising expenses 118. Total expenses 2,361.

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IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT SERVICES
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt06665
IRS990/PayrollTaxesGrp/TotalAmt08332
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt073340
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LYNNE AVADENKA
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13654
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0195240
IRS990/PYExcessBenefitTransInd00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt072370
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2019 AMOUNT: $ 60. 2020 AMOUNT: $ 441.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0124003
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0125625
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt070508
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt083043
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010588
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06239
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, ALONG WITH THE ARTISTIC DIRECTOR, REVIEWS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS ANNUAL COMPENSATION AND DETERMINES THE PROPER LEVEL OF COMPENSATION FOR THE ORGANIZATION'S ARTISTIC DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST AND IS ACCESSIBLE THROUGH GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARTIST FEES: PROGRAM SERVICE EXPENSES 32,127. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,127. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,889. MANAGEMENT AND GENERAL EXPENSES 354. FUNDRAISING EXPENSES 118. TOTAL EXPENSES 2,361.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RETAIL - GIFT SHOP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0DIVISION EDITION INC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt052774
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01345 DIVISION STREET SUITE 102
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0DETROIT
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00

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