Civic Intelligence

Soar Regional Arts

990EZ • Fiscal year 2020 • EIN 45-4005196

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 22, 2021

PO Box 372Saint Michael, MN 55376-0372

(973) 615-1223

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

89th percentile

118%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

2.4%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$38,477

Up $20,822 (+118%) from 2019

Net Assets

$38,477

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$137,425

Up $3,205 (+2.4%) from 2019

Expenses

Down

$116,603

Down $31,440 (-21%) from 2019

Net Income

Up

$20,822

Up $34,645 (+251%) from 2019

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2017: $24,585Liabilities 2017: $0Net Assets 2017: $24,5852017Assets 2018: $29,474Liabilities 2018: $0Net Assets 2018: $29,4742018Assets 2019: $17,655Liabilities 2019: $02019Assets 2020: $38,477Liabilities 2020: $0Net Assets 2020: $38,4772020Assets 2021: $46,974Liabilities 2021: $4,909Net Assets 2021: $42,0652021Assets 2022: $95,268Liabilities 2022: $10,023Net Assets 2022: $85,2452022Assets 2024: $70,427Liabilities 2024: $1,402Net Assets 2024: $69,0252024

Highlighted filing

2020

Assets$38,477
Liabilities$0
Net Assets$38,477

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $119,952Expenses 2017: $105,636Net Income 2017: $14,3162017Revenue 2018: $172,628Expenses 2018: $167,739Net Income 2018: $4,8892018Revenue 2019: $134,220Expenses 2019: $148,043Net Income 2019: -$13,8232019Revenue 2020: $137,425Expenses 2020: $116,603Net Income 2020: $20,8222020Revenue 2021: $108,849Expenses 2021: $105,261Net Income 2021: $3,5882021Revenue 2022: $214,837Expenses 2022: $171,657Net Income 2022: $43,1802022Revenue 2024: $260,556Expenses 2024: $259,758Net Income 2024: $7982024

Highlighted filing

2020

Revenue$137,425
Expenses$116,603
Net Income$20,822
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 22, 2021
Return Version
2019v5.0
Gross Receipts
$152,932
Mission and Program Overview

Mission

SOAR Regional Arts is a nonprofit organization, the purpose of which is to enrich, educate, and entertain the communities of St Michael, Otsego, Albertville, and Rogers by providing an exceptional performing arts experience. We believe in.... ~ Community: We work hard to represent ourselves in the communities we serve: St Michael, Otsego, Albertville and Rogers. This means forming partnerships and collaborations with other arts programs and local businesses to ensure the arts are available to all. ~Participation: We provide encouragement for all levels of participation. On stage, behind the scenes, volunteering, or in the audience. All areas are essential to the success of SOAR's productions and programs. EVERYONE is needed to make this work. ~Inclusion: We are committed to reaching out to the participants, patrons, and volunteers to reflect not only the community that we currently serve, but the community we hope to be.

Program Services

DescriptionGrantsExpenses
Our three largest services offerings brought the magic of the theater to rural Minnesota. Hundreds of children worked on reading, writing, music, social and emotional development through our programs. This magic was also brought to many members of our community that come and support us in our mission to create a safe and welcoming environment for children to discover themselves while working on core social and educational skills. Each child creates a story to accompany their character wherein we work with them to develop a theme, their ability to write, knowledge of parts to a story and work with one another to communicate emotions.$0$40,695
Our three largest services offerings brought the magic of the theater to rural Minnesota. Hundreds of children worked on reading, writing, music, social and emotional development through our programs. This magic was also brought to many members of our community that come and support us in our mission to create a safe and welcoming environment for children to discover themselves while working on core social and educational skills. Each child creates a story to accompany their character wherein we work with them to develop a theme, their ability to write, knowledge of parts to a story and work with one another to communicate emotions.$0$38,874
Our three largest services offerings brought the magic of the theater to rural Minnesota. Hundreds of children worked on reading, writing, music, social and emotional development through our programs. This magic was also brought to many members of our community that come and support us in our mission to create a safe and welcoming environment for children to discover themselves while working on core social and educational skills. Each child creates a story to accompany their character wherein we work with them to develop a theme, their ability to write, knowledge of parts to a story and work with one another to communicate emotions.$0$4,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terrell BeaudryPresidentPT$0--
Debra BishipVice PresidentPT$0--
Jamie ReznicekTreasurerPT$0--
Ellen BeaudrySecretaryPT$0--
Matt WeberBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Child Performances and development programs$117,773$0$15,507$-15,507
Total Events$117,773$0$15,507$-15,507
Filing and Contact Details

Filer

Filer Name
Soar Regional Arts
EIN
45-4005196
In Care Of
% Terrell Beaudry
Phone
9736151223
Address
PO BOX 372, SAINT MICHAEL, MN 55376-0372

Signing Officer

Name
Jamie Reznicek
Title
Treasurer
Phone
6122097507
Signed
2021-03-22
Discuss with paid preparer
No
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