Civic Intelligence

The Carrack Modern Art Inc

990EZ • Fiscal year 2018 • EIN 45-4589385

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 13, 2019

Organization Profilewww.thecarrack.org
947 E Main StDurham, NC 27701

(919) 698-4374

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

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

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

Top Officer Pay

78th percentile

$3,125

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

$48,058

No earlier filing loaded for comparison.

Net Assets

$48,058

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin84th percentile

Revenue

$107,626

No earlier filing loaded for comparison.

Expenses

$75,067

No earlier filing loaded for comparison.

Net Income

$32,559

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

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

Highlighted filing

2018

Assets$48,058
Liabilities$0
Net Assets$48,058
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$107,626
Expenses$75,067
Net Income$32,559
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 13, 2019
Return Version
2018v3.1
Gross Receipts
$107,626
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.$54,801-
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura RitchiePresident-$3,125-$3,125
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
947 E Main St, Durham, NC 27701

Signing Officer

Name
Laura Ritchie
Title
President
Signed
2019-08-13
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 $7909”

Other Expenses.1002

“Office Expenses $4097”

Other Expenses.1007

“Conferences, Conventions, and Meetings $2550”

Other Expenses.1012

“Insurance $901”

Other Expenses.1

“Space Rental $17325”

Other Expenses.2

“Miscellaneous $5646”

Other Expenses.3

“Utilities $2656”

Other Expenses.4

“Prior Year Taxes Paid $2068”

Other Expenses.6

“Total Bank Fees $596”

Other Expenses.7

“Dues & subscriptions $314”

Other Assets.1

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

Raw XML Appendix163 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Jessica Jones CPA
IRS990EZ/BooksInCareOfDetail/PhoneNum09192609657
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02005 Beecham Circle
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027607
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt014299
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt046858
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0107626
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt032559
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05497
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt015499
IRS990EZ/Form990TotalAssetsGrp/EOYAmt048058
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0107626
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt015499
IRS990EZ/NetAssetsOrFundBalancesEOYAmt048058
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt015499
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt048058
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt03125
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01200
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01200
IRS990EZ/OtherExpensesTotalAmt044062
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/PrintingPublicationsPostageAmt0854
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/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt054801
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt024654
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt075067
IRS990EZ/TotalProgramServiceExpensesAmt054801
IRS990EZ/TotalRevenueAmt0107626
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.thecarrack.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0107626
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt062983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt061340
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt030667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt023683
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0286299
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/PublicSupportTotal509Amt0286299
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0107626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt062983
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt061340
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt030667
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt023683
IRS990ScheduleA/Total509Grp/TotalAmt0286299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0107626
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt062983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt061340
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt030667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt023683
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0286299
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $7909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $4097
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, Conventions, and Meetings $2550
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $901
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Space Rental $17325
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Miscellaneous $5646
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Utilities $2656
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Prior Year Taxes Paid $2068
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Total Bank Fees $596
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Dues & subscriptions $314
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Security Deposit - Beginning $1200 Security Deposit - Ending $1200
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Ritchie
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Carrack Modern Art Inc
ReturnHeader/Filer/BusinessNameControlTxt0CARR
ReturnHeader/Filer/EIN0454589385
ReturnHeader/Filer/PhoneNum09196984374
ReturnHeader/Filer/USAddress/AddressLine1Txt0947 E Main St
ReturnHeader/Filer/USAddress/CityNm0Durham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027701
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/ReturnTs02019-08-13T04:21:09-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,058
Liabilities
$0
Net assets
$48,058
Revenue
$107,626
Expenses
$75,067
Net income
$32,559
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