Civic Intelligence

The Carrack Modern Art Inc

EIN 45-4589385 • 501(c)3 • Durham, NC

Profile

The Carrack is an artist-centered, volunteer-run, zero-commission art space in downtown Durham, North Carolina that hosts short, rapidly rotating exhibitions, performances, workshops, and community gatherings.

108 Forestwood DrDurham, NC 27707

www.thecarrack.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

8th percentile

-151%

Higher net margin than 8% of similar nonprofits.

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

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 2019

Asset Growth

13th percentile

-82%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

11th percentile

-76%

Faster revenue growth than 11% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$8,541

Down $39,517 (-82%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$8,541

Down $39,517 (-82%) from 2018

Operations
Liabilities / Revenue62nd percentileNet Margin8th percentile

Revenue

Down

$26,159

Down $81,467 (-76%) from 2018

Expenses

Down

$65,676

Down $9,391 (-13%) from 2018

Net Income

Down

-$39,517

Down $72,076 (-221%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$60K$40K$20K$0Assets 2018: $48,058Liabilities 2018: $0Net Assets 2018: $48,0582018Assets 2019: $8,541Liabilities 2019: $0Net Assets 2019: $8,5412019

Highlighted filing

2019

Assets$8,541
Liabilities$0
Net Assets$8,541
Open 2019 Filing

Operations Trend

Revenue Growth11th percentile

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

$150K$100K$50K$0-$50KRevenue 2018: $107,626Expenses 2018: $75,067Net Income 2018: $32,5592018Revenue 2019: $26,159Expenses 2019: $65,676Net Income 2019: -$39,5172019

Highlighted filing

2019

Revenue$26,159
Expenses$65,676
Net Income-$39,517
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,541
Liabilities
$0
Net assets
$8,541
Revenue
$26,159
Expenses
$65,676
Net income
-$39,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.26$0.66$0.40
2018Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$1.08$0.75$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 1, 2020
Return Version
2019v5.0
Gross Receipts
$26,159
Mission and Program Overview

Mission

The Carrack is an artist-centered, volunteer-run, zero-commission art space in downtown Durham, North Carolina that hosts short, rapidly rotating exhibitions, performances, workshops, and community gatherings.

Program Services

DescriptionGrantsExpenses
The Carrack is an artist-centered, volunteer-run, zero-commission art space in downtown Durham, North Carolina that hosts short, rapidly rotating exhibitions, performances, workshops, and community gatherings.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura RitchiePresident-$0--
Tim WalterVice President-$0--
Brian StonerTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Carrack Modern Art Inc
EIN
45-4589385
Phone
9196984374
Address
108 Forestwood Dr, Durham, NC 27707

Signing Officer

Name
Laura Ritchie
Title
President
Signed
2020-05-01
Discuss with paid preparer
Yes

Preparer

Firm
Jessica Jones PLLC
Address
20 Mayo Street H3, Raleigh, NC 27603
Preparer
Jessica Jones
Phone
9192609657
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $582”

Other Expenses.1002

“Office Expenses $3099”

Other Expenses.1007

“Conferences, Conventions, and Meetings $1236”

Other Expenses.1012

“Insurance $1339”

Other Expenses.1

“Space Rental $21700”

Other Expenses.2

“Utilities $2256”

Other Expenses.3

“Taxes Paid $2227”

Other Expenses.4

“Total Bank Fees $434”

Other Expenses.5

“Repairs & Maintenance $327”

Other Expenses.6

“Miscellaneous $92”

Other Assets.1

“Security Deposit - Beginning $1200 Security Deposit - Ending $0”

Raw XML Appendix159 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Jessica Jones CPA
IRS990EZ/BooksInCareOfDetail/PhoneNum09192609657
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027607
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt046858
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt08541
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IRS990EZ/ContributionsGiftsGrantsEtcAmt026159
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-39517
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07358
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
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IRS990EZ/Form990TotalAssetsGrp/BOYAmt048058
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IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt026159
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt08541
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Laura Ritchie
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Tim Walter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Brian Stoner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01200
IRS990EZ/OtherExpensesTotalAmt033292
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Carrack is an artist-centered, volunteer-run, zero-commission art space in downtown Durham, North Carolina that hosts short, rapidly rotating exhibitions, performances, workshops, and community gatherings.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Carrack is an artist-centered, volunteer-run, zero-commission art space in downtown Durham, North Carolina that hosts short, rapidly rotating exhibitions, performances, workshops, and community gatherings.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt025026
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt065676
IRS990EZ/TotalRevenueAmt026159
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.thecarrack.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0107626
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt062983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt061340
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt030667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0288775
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0288775
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt026159
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0107626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt062983
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt061340
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt030667
IRS990ScheduleA/Total509Grp/TotalAmt0288775
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt026159
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0107626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt062983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt061340
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt030667
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0288775
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $582
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $3099
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, Conventions, and Meetings $1236
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $1339
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Space Rental $21700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Utilities $2256
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Taxes Paid $2227
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Total Bank Fees $434
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Repairs & Maintenance $327
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Miscellaneous $92
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Security Deposit - Beginning $1200 Security Deposit - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Ritchie
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Carrack Modern Art Inc
ReturnHeader/Filer/BusinessNameControlTxt0CARR
ReturnHeader/Filer/EIN0454589385
ReturnHeader/Filer/PhoneNum09196984374
ReturnHeader/Filer/USAddress/AddressLine1Txt0108 Forestwood Dr
ReturnHeader/Filer/USAddress/CityNm0Durham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027707
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474147913
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jessica Jones PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 Mayo Street H3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027603
ReturnHeader/PreparerPersonGrp/PhoneNum09192609657
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jessica Jones
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-05-01T13:20:02-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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