Civic Intelligence

Otter Creek Music Festival Inc

EIN 45-4040116 • 501(c)3 • Shoreham, VT

Profile

Otter Creek Music Festival (formerly known as - Compass Music and Arts Foundation) is dedicated to enriching life through a deeper appreciation of music and the literary, performing and visual arts.

553 witherell RoadShoreham, VT 05770

www.ottercreekmusicfestival.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

1st percentile

-156500%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

47th percentile

-3.7%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$41,182

Down $1,565 (-3.7%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$41,182

Down $1,565 (-3.7%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin1st percentile

Revenue

Down

$1

Down $40,085 (-100%) from 2022

Expenses

Down

$1,566

Down $2,525 (-62%) from 2022

Net Income

Down

-$1,565

Down $37,560 (-104%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2019: $185,189Liabilities 2019: $0Net Assets 2019: $185,1892019Assets 2020: $300,559Net Assets 2020: $300,5592020Assets 2021: $6,752Net Assets 2021: $6,7522021Assets 2022: $42,747Net Assets 2022: $42,7472022Assets 2023: $41,182Net Assets 2023: $41,1822023

Highlighted filing

2023

Assets$41,182
Liabilities-
Net Assets$41,182
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2019: $223,555Expenses 2019: $43,592Net Income 2019: $179,9632019Revenue 2020: $136,387Expenses 2020: $21,017Net Income 2020: $115,3702020Revenue 2021: -$212,717Expenses 2021: $81,090Net Income 2021: -$293,8072021Revenue 2022: $40,086Expenses 2022: $4,091Net Income 2022: $35,9952022Revenue 2023: $1Expenses 2023: $1,566Net Income 2023: -$1,5652023

Highlighted filing

2023

Revenue$1
Expenses$1,566
Net Income-$1,565
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,182
Liabilities
-
Net assets
$41,182
Revenue
$1
Expenses
$1,566
Net income
-$1,565
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.41$0.00$0.02$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.43$0.40$0.04$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.07$2.13$0.81$2.94
2020Detailed filing. Detailed filing data is available for this year.$3.01$3.01$1.36$0.21$1.15
2019Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$2.24$0.44$1.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 20, 2024
Return Version
2023v5.1
Gross Receipts
$1
Mission and Program Overview

Mission

Compass Music and Arts Foundation is dedicated to enriching life through a deeper appreciation of music and the literary, performing and visual arts.

Otter Creek Music Festival (formerly known as - Compass Music and Arts Foundation) is dedicated to enriching life through a deeper appreciation of music and the literary, performing and visual arts.

Program Services

DescriptionGrantsExpenses
Following the Pandemic Closedown and the floating off of Barn Opera as a separate entity in 2021, the Foundation has been effectively dormant during the year, due mainly to personal circumstances affecting board members, and the temporary unavailability of the venue normally used for events. This is in preparation for a re-organization and re-launch in 2024, a new board has been implemented for 2024 along with programs.-$916
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN SUTTONTreasurer-$0--
JOSHUA COLLIERTrusteePT$0--
LAURA KINGTrustee/Treasur-$0--
RUSS MCCOLMANTrusteePT$0--
MARY JUDITH REILLYTrustee-$0--
MICHAEL SHANKTrustee-$0--
EDNA SUTTONExecutive Director-$0--
ALYSSA ZOLLMANTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Otter Creek Music Festival Inc
EIN
45-4040116
Phone
7349048920
Address
553 witherell Road, Shoreham, VT 05770

Signing Officer

Name
Joshua Glassman
Title
Executive Director
Signed
2024-06-20
Discuss with paid preparer
Yes

Preparer

Firm
OBrien Shortle Reynolds & Sabotka PC
Address
54 North Main Street, Rutland, VT 05701
Preparer
Gwen Flewelling
Phone
8027738344
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $141”

Other Expenses.1

“PIANO TUNING $775”

Other Assets.1

“Piano - Beginning $40000 Piano - Ending $40000”

Raw XML Appendix166 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/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt040000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt040000
IRS990EZ/OtherExpensesTotalAmt0916
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0916
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PIANO TUNING $775
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OTTER CREEK MUSIC FESTIVAL INC
ReturnHeader/Filer/BusinessNameControlTxt0OTTE
ReturnHeader/Filer/EIN0454040116
ReturnHeader/Filer/PhoneNum07349048920
ReturnHeader/Filer/USAddress/AddressLine1Txt0553 witherell Road
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ReturnHeader/Filer/USAddress/ZIPCd005770
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ReturnHeader/TaxPeriodBeginDt02023-01-01
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