Civic Intelligence

Flying V Ltd.

990EZ • Fiscal year 2018 • EIN 45-3158715

Jan 01, 2018 to Dec 31, 2018 • Filed on May 31, 2019

4805 Edgemoor Lane Suite 101Bethesda, MD 20814

(610) 639-2252

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

59th percentile

7.4%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$36,034

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 21.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

85th percentile

54%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$24,236

Up $8,501 (+54%) from 2017

Net Assets

Up

$24,236

Up $19,573 (+420%) from 2017

Liabilities

Down

$0

Down $11,072 (-100%) from 2017

Revenue

Up

$167,521

Up $32,841 (+24%) from 2017

Expenses

Up

$155,050

Up $5,058 (+3.4%) from 2017

Net Income

Up

$12,471

Up $27,783 (+181%) from 2017

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2011: $360Liabilities 2011: $02011Assets 2012: $1,075Liabilities 2012: $02012Assets 2013: $947Liabilities 2013: $02013Assets 2015: $10,570Liabilities 2015: $6,175Net Assets 2015: $4,3952015Assets 2016: $19,975Liabilities 2016: $0Net Assets 2016: $19,9752016Assets 2017: $15,735Liabilities 2017: $11,072Net Assets 2017: $4,6632017Assets 2018: $24,236Liabilities 2018: $0Net Assets 2018: $24,2362018Assets 2019: $20,552Liabilities 2019: $3,224Net Assets 2019: $17,3282019Assets 2020: $81,805Liabilities 2020: $10,252Net Assets 2020: $71,5532020Assets 2021: $32,270Liabilities 2021: $6,597Net Assets 2021: $25,6732021Assets 2022: $28,146Liabilities 2022: $0Net Assets 2022: $28,1462022Assets 2023: $20,620Liabilities 2023: $0Net Assets 2023: $20,6202023Assets 2024: $15,188Liabilities 2024: $0Net Assets 2024: $15,1882024

Highlighted filing

2018

Assets$24,236
Liabilities$0
Net Assets$24,236

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $4,999Expenses 2011: $4,638Net Income 2011: $3612011Revenue 2012: $8,032Expenses 2012: $7,317Net Income 2012: $7152012Revenue 2013: $28,116Expenses 2013: $27,168Net Income 2013: $9482013Revenue 2015: $81,901Expenses 2015: $78,077Net Income 2015: $3,8242015Revenue 2016: $181,865Expenses 2016: $166,285Net Income 2016: $15,5802016Revenue 2017: $134,680Expenses 2017: $149,992Net Income 2017: -$15,3122017Revenue 2018: $167,521Expenses 2018: $155,050Net Income 2018: $12,4712018Revenue 2019: $259,317Expenses 2019: $269,192Net Income 2019: -$9,8752019Revenue 2020: $269,446Expenses 2020: $215,221Net Income 2020: $54,2252020Revenue 2021: $248,797Expenses 2021: $277,866Net Income 2021: -$29,0692021Revenue 2022: $263,923Expenses 2022: $286,950Net Income 2022: -$23,0272022Revenue 2023: $287,745Expenses 2023: $295,246Net Income 2023: -$7,5012023Revenue 2024: $349,047Expenses 2024: $359,073Net Income 2024: -$10,0262024

Highlighted filing

2018

Revenue$167,521
Expenses$155,050
Net Income$12,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 31, 2019
Return Version
2018v3.1
Gross Receipts
$167,521
Mission and Program Overview

Mission

To Produce & Create Theatre.

Flying v is redefining theatre, with the intent to invigorate and inspire people to live life with a greater sense of appreciation and adventure, to combat the increasing epidemic of existential loneliness in our culture. A gateway drug to theatre that bridges the gap between pop culture and high culture, we are dedicated to the creation, development, and production of vibrant original work, offbeat contemporary plays, and theatrical performance art inspired by genre fiction and other modern mythologies. By creating work that reflects the intimate struggles of the human condition through vivid, high concept metaphors and artistic vigor, we hope to shine a light on the loneliness and isolation that so many feel and create a sense of connection and wonder. We are your friendly neighborhood indie theatre. Expect awesome. Be awesome.

Program Services

DescriptionGrantsExpenses
IT'S THE REST OF THE WORLD THAT LOOKS SO SMALL: A THEATRICAL REVUE OF JONATHAN COULTON - "WHO BETTER CHANNELS THE FLYING V SPIRIT THAN JONATHAN COULTON, THE SINGER/SONGWRITER AND CULT SENSATION KNOWN FOR CLEVER, ENGAGING SONGS THAT ILLUMINATE OUR MOST INTIMATE STRUGGLES THROUGH BOTH HUMOR AND THE FANTASTIC? THIS ORIGINAL SHOW EXPLORED THE LONELINESS AND LONG OF LIFE THROUGH MOVEMENT, PUPPETRY, AND A CURATED COLLECTION OF SONGS FROM ACROSS COULTON'S CAREER - FEATURING ORIGINAL ARRANGEMENTS PERFORMED BY A LIVE BAND! ASKING THE QUESTIONS: WHAT IF OUR LIVES ARE CONSTELLATIONS, OUR BRIGHTEST MOMENTS CONNECTING ACROSS EMPTY SPACE? HOW DO WE FIT INTO A WORLD SO VAST AND YET SO SMALL? FEATURING EX-PLANETS, LONELY SEA MONSTERS, A LOVABLE TEAM OFF CURLERS, AND MORE AS FLYING V EXPLORED WHAT IT MEANS TO BE HUMAN IN A VAST WORLD OF POSSIBILITY." THIS WAS OUR HIGHEST GROSSING SHOW IN TERMS OF DONATIONS IN COMPANY HISTORY, BRINGING IN CLOSE TO $12,000 IN AT-THE-DOOR DONATIONS, WHICH WAS THEN MATCHED BY AN ANGEL DONOR. IN ADDITION, THE SHOW SAW THE COMPANY'S FIRST TIME WITH A TWO-STORY SET AND FLYING A PERFORMER OUT OVER THE STAGE. THIS ALSO PROVED TO BE THE MOST EXPENSIVE SHOW IN COMPANY HISTORY, BUT BROUGHT IN A LARGE PORTION OF BRAND NEW AUDIENCE MEMBERS TO THE COMPANY. HELEN HAYES RECOMMENDED AND MET WITH MUCH CRITICAL ACCLAIM. THE SHOW HAD OVER 550 ATTENDEES.$0$49,726
SHEILA AND MOBY - "WHEN SHEILA, A SUCCESSFUL YOUNG BUSINESSWOMAN, RETURNS TO HER HOMETOWN FOR THE WEEKEND, SHE IS IMMEDIATELY SWEPT UP IN A TALE OF INTRIGUE, SUSPICION, AND ADVENTURE. A YOUNG NEIGHBORHOOD GIRL HAS COME SEEKING HELP TRACKING DOWN HER MISSING BEST FRIEND, A RECENTLY KIDNAPPED STUFFED KOALA. RELUCTANTLY TAKING THE CASE, SHEILA ENLISTS THE HELP OF HER OWN ABANDONED CHILDHOOD COMPANION - AN IBERIAN LYNX NAMED MOBY - FOR ONE LAST BEST BUDDY ADVENTURE. AN EXPLORATION INTO THE POWER OF IMAGINATION, THE CHANGING RELATIONSHIPS BETWEEN PARENTS AND CHILDREN, AND WHAT IT MEANS AND POSSIBLY COSTS, TO GROW UP." IT WAS A WORLD PREMIERE THAT HAD BEEN IN DEVELOPMENT SINCE WE COMMISSIONED IT ALMOST 3 YEARS PRIOR. THIS WAS OUR FIRST TIME HIRING AN AEA STAGE MANAGER, IN ADDITION TO OUR 2ND TIME HIRING AN AEA ACTOR ON THE PRODUCTION. IN ADDITION, WE BROUGHT IN AN OUT OF TOWN DIRECTOR AND DESIGNER FOR THE SHOW. HELEN HAYES RECOMMENDED AND MET WITH MUCH CRITICAL ACCLAIM. THE SHOW HAD ALMOST 450 ATTENDEES.$4,581$30,389
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON SCHLAFSTEINProducing Artistic DirectorFT$36,034-$36,034
JONATHAN RUBINManaging DirectorFT$1,675-$1,675
JOHN BARKMEYERAt Large-$0--
BOB CALIAt Large-$0--
JUDY GILBERT LEVEYVice President-$0--
KEVIN FARAGHERSecretary-$0--
JONATHAN ZUCKERPresident-$0--
MELISSA WILEYTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Flying V Ltd
EIN
45-3158715
Phone
6106392252
Address
4805 EDGEMOOR LANE SUITE 101, BETHESDA, MD 20814

Signing Officer

Name
Jonathan Zucker
Title
Treasurer
Phone
6106392252
Signed
2019-05-31
Discuss with paid preparer
Yes

Preparer

Firm
Caldwell & Associates LLC
Address
8120 WOODMONT AVENUE 400, BETHESDA, MD 20814
Preparer
William J Caldwell CPA
Phone
3019418090
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 1.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: rental income. Amount: 600.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: development expense. Amount: 882. Description: educational expenses. Amount: 2,805. Description: marketing expense. Amount: 2,824. Description: miscellaneous expenses. Amount: 1,370. Description: operation expenses. Amount: 9,416. Description: payroll fees. Amount: 645. Description: production expense. Amount: 28,210. Description: production personnel. Amount: 38,986. Description: taxes other. Amount: 3,968. Total to form 990-ez, line 16: 89,106.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: prior period adjustment . Amount: 7,102.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expense. Beg. Of year amount: 7,570. End of year amount: 145. Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 1,220.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 7,072. End of year amount: 0. Description: short term liabilities. Beg. Of year amount: 4,000. End of year amount: 0.

Raw XML Appendix202 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/PrimaryExemptPurposeTxt0FLYING V IS REDEFINING THEATRE, WITH THE INTENT TO INVIGORATE AND INSPIRE PEOPLE TO LIVE LIFE WITH A GREATER SENSE OF APPRECIATION AND ADVENTURE, TO COMBAT THE INCREASING EPIDEMIC OF EXISTENTIAL LONELINESS IN OUR CULTURE. A GATEWAY DRUG TO THEATRE THAT BRIDGES THE GAP BETWEEN POP CULTURE AND HIGH CULTURE, WE ARE DEDICATED TO THE CREATION, DEVELOPMENT, AND PRODUCTION OF VIBRANT ORIGINAL WORK, OFFBEAT CONTEMPORARY PLAYS, AND THEATRICAL PERFORMANCE ART INSPIRED BY GENRE FICTION AND OTHER MODERN MYTHOLOGIES. BY CREATING WORK THAT REFLECTS THE INTIMATE STRUGGLES OF THE HUMAN CONDITION THROUGH VIVID, HIGH CONCEPT METAPHORS AND ARTISTIC VIGOR, WE HOPE TO SHINE A LIGHT ON THE LONELINESS AND ISOLATION THAT SO MANY FEEL AND CREATE A SENSE OF CONNECTION AND WONDER. WE ARE YOUR FRIENDLY NEIGHBORHOOD INDIE THEATRE. EXPECT AWESOME. BE AWESOME.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IT'S THE REST OF THE WORLD THAT LOOKS SO SMALL: A THEATRICAL REVUE OF JONATHAN COULTON - "WHO BETTER CHANNELS THE FLYING V SPIRIT THAN JONATHAN COULTON, THE SINGER/SONGWRITER AND CULT SENSATION KNOWN FOR CLEVER, ENGAGING SONGS THAT ILLUMINATE OUR MOST INTIMATE STRUGGLES THROUGH BOTH HUMOR AND THE FANTASTIC? THIS ORIGINAL SHOW EXPLORED THE LONELINESS AND LONG OF LIFE THROUGH MOVEMENT, PUPPETRY, AND A CURATED COLLECTION OF SONGS FROM ACROSS COULTON'S CAREER - FEATURING ORIGINAL ARRANGEMENTS PERFORMED BY A LIVE BAND! ASKING THE QUESTIONS: WHAT IF OUR LIVES ARE CONSTELLATIONS, OUR BRIGHTEST MOMENTS CONNECTING ACROSS EMPTY SPACE? HOW DO WE FIT INTO A WORLD SO VAST AND YET SO SMALL? FEATURING EX-PLANETS, LONELY SEA MONSTERS, A LOVABLE TEAM OFF CURLERS, AND MORE AS FLYING V EXPLORED WHAT IT MEANS TO BE HUMAN IN A VAST WORLD OF POSSIBILITY." THIS WAS OUR HIGHEST GROSSING SHOW IN TERMS OF DONATIONS IN COMPANY HISTORY, BRINGING IN CLOSE TO $12,000 IN AT-THE-DOOR DONATIONS, WHICH WAS THEN MATCHED BY AN ANGEL DONOR. IN ADDITION, THE SHOW SAW THE COMPANY'S FIRST TIME WITH A TWO-STORY SET AND FLYING A PERFORMER OUT OVER THE STAGE. THIS ALSO PROVED TO BE THE MOST EXPENSIVE SHOW IN COMPANY HISTORY, BUT BROUGHT IN A LARGE PORTION OF BRAND NEW AUDIENCE MEMBERS TO THE COMPANY. HELEN HAYES RECOMMENDED AND MET WITH MUCH CRITICAL ACCLAIM. THE SHOW HAD OVER 550 ATTENDEES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SHEILA AND MOBY - "WHEN SHEILA, A SUCCESSFUL YOUNG BUSINESSWOMAN, RETURNS TO HER HOMETOWN FOR THE WEEKEND, SHE IS IMMEDIATELY SWEPT UP IN A TALE OF INTRIGUE, SUSPICION, AND ADVENTURE. A YOUNG NEIGHBORHOOD GIRL HAS COME SEEKING HELP TRACKING DOWN HER MISSING BEST FRIEND, A RECENTLY KIDNAPPED STUFFED KOALA. RELUCTANTLY TAKING THE CASE, SHEILA ENLISTS THE HELP OF HER OWN ABANDONED CHILDHOOD COMPANION - AN IBERIAN LYNX NAMED MOBY - FOR ONE LAST BEST BUDDY ADVENTURE. AN EXPLORATION INTO THE POWER OF IMAGINATION, THE CHANGING RELATIONSHIPS BETWEEN PARENTS AND CHILDREN, AND WHAT IT MEANS AND POSSIBLY COSTS, TO GROW UP." IT WAS A WORLD PREMIERE THAT HAD BEEN IN DEVELOPMENT SINCE WE COMMISSIONED IT ALMOST 3 YEARS PRIOR. THIS WAS OUR FIRST TIME HIRING AN AEA STAGE MANAGER, IN ADDITION TO OUR 2ND TIME HIRING AN AEA ACTOR ON THE PRODUCTION. IN ADDITION, WE BROUGHT IN AN OUT OF TOWN DIRECTOR AND DESIGNER FOR THE SHOW. HELEN HAYES RECOMMENDED AND MET WITH MUCH CRITICAL ACCLAIM. THE SHOW HAD ALMOST 450 ATTENDEES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 1.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEVELOPMENT EXPENSE. AMOUNT: 882. DESCRIPTION: EDUCATIONAL EXPENSES. AMOUNT: 2,805. DESCRIPTION: MARKETING EXPENSE. AMOUNT: 2,824. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 1,370. DESCRIPTION: OPERATION EXPENSES. AMOUNT: 9,416. DESCRIPTION: PAYROLL FEES. AMOUNT: 645. DESCRIPTION: PRODUCTION EXPENSE. AMOUNT: 28,210. DESCRIPTION: PRODUCTION PERSONNEL. AMOUNT: 38,986. DESCRIPTION: TAXES OTHER. AMOUNT: 3,968. TOTAL TO FORM 990-EZ, LINE 16: 89,106.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PRIOR PERIOD ADJUSTMENT . AMOUNT: 7,102.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: PREPAID EXPENSE. BEG. OF YEAR AMOUNT: 7,570. END OF YEAR AMOUNT: 145. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,220.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 7,072. END OF YEAR AMOUNT: 0. DESCRIPTION: SHORT TERM LIABILITIES. BEG. OF YEAR AMOUNT: 4,000. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN ZUCKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06106392252
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLYING V LTD
ReturnHeader/Filer/BusinessNameControlTxt0FLYI
ReturnHeader/Filer/EIN0453158715
ReturnHeader/Filer/PhoneNum06106392252
ReturnHeader/Filer/USAddress/AddressLine1Txt04805 EDGEMOOR LANE SUITE 101
ReturnHeader/Filer/USAddress/CityNm0BETHESDA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020814
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B77B7B4216D5FFC6A6D775DF672FF2D87ED3DF31
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.86.10.225
ReturnHeader/FilingSecurityInformation/IPDt02019-05-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm017:00:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814319449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALDWELL & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08120 WOODMONT AVENUE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum03019418090
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM J CALDWELL CPA
ReturnHeader/ReturnTs02019-05-31T17:00:48-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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