Civic Intelligence

Rooster Walk Inc.

990 • Fiscal year 2017 • EIN 45-5130096

Jan 01, 2017 to Dec 31, 2017 • Filed on May 10, 2018

P O Box 601Martinsville, VA 24114

(434) 249-0550

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

58th percentile

6.6%

Higher net margin than 58% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

57th percentile

$30,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

82nd percentile

27%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

9.5%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$414,933

Up $87,870 (+27%) from 2016

Net Assets

Up

$413,256

Up $88,547 (+27%) from 2016

Liabilities

Down

$1,677

Down $677 (-29%) from 2016

Revenue

Up

$867,503

Up $75,529 (+9.5%) from 2016

Expenses

Up

$810,615

Up $105,303 (+15%) from 2016

Net Income

Down

$56,888

Down $29,774 (-34%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $36,609Liabilities 2012: $02012Assets 2013: $142,916Liabilities 2013: $3,232Net Assets 2013: $139,6842013Assets 2014: $240,038Liabilities 2014: $2,439Net Assets 2014: $237,5992014Assets 2015: $270,471Liabilities 2015: $5,278Net Assets 2015: $265,1932015Assets 2016: $327,063Liabilities 2016: $2,354Net Assets 2016: $324,7092016Assets 2017: $414,933Liabilities 2017: $1,677Net Assets 2017: $413,2562017Assets 2018: $426,426Liabilities 2018: $2,707Net Assets 2018: $423,7192018Assets 2019: $632,900Liabilities 2019: $1,778Net Assets 2019: $631,1222019Assets 2020: $570,703Liabilities 2020: $2,108Net Assets 2020: $568,5952020Assets 2021: $1,006,847Liabilities 2021: $4,662Net Assets 2021: $1,002,1852021Assets 2022: $1,087,586Liabilities 2022: $2,442Net Assets 2022: $1,085,1442022Assets 2023: $1,079,370Liabilities 2023: $4,782Net Assets 2023: $1,074,5882023Assets 2024: $726,842Liabilities 2024: $2,458Net Assets 2024: $724,3842024

Highlighted filing

2017

Assets$414,933
Liabilities$1,677
Net Assets$413,256

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $109,495Expenses 2012: $72,886Net Income 2012: $36,6092012Revenue 2013: $400,178Expenses 2013: $294,805Net Income 2013: $105,3732013Revenue 2014: $656,941Expenses 2014: $588,273Net Income 2014: $68,6682014Revenue 2015: $545,397Expenses 2015: $517,803Net Income 2015: $27,5942015Revenue 2016: $791,974Expenses 2016: $705,312Net Income 2016: $86,6622016Revenue 2017: $867,503Expenses 2017: $810,615Net Income 2017: $56,8882017Revenue 2018: $909,781Expenses 2018: $899,318Net Income 2018: $10,4632018Revenue 2019: $1,164,340Expenses 2019: $964,757Net Income 2019: $199,5832019Revenue 2020: $358,583Expenses 2020: $352,188Net Income 2020: $6,3952020Revenue 2021: $1,275,630Expenses 2021: $848,735Net Income 2021: $426,8952021Revenue 2022: $1,458,728Expenses 2022: $1,382,469Net Income 2022: $76,2592022Revenue 2023: $1,881,871Expenses 2023: $1,829,902Net Income 2023: $51,9692023Revenue 2024: $1,584,225Expenses 2024: $1,863,595Net Income 2024: -$279,3702024

Highlighted filing

2017

Revenue$867,503
Expenses$810,615
Net Income$56,888
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 10, 2018
Return Version
2017v2.2
Gross Receipts
$867,503
Mission and Program Overview

Mission

To promote music, arts and education in martinsville-henry county va through music concertsand music and arts festivals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$88,796$153,741▲ $64,945
Land, Buildings, and Equipment, Net$147,800$143,568▼ $4,232
Investments Program Related-$73,381-
Savings and Temporary Cash Investments$88,267$36,819▼ $51,448
Accounts Receivable$150$7,424▲ $7,274
Prepaid Expenses and Deferred Charges$2,050--
Total Assets$327,063$414,933▲ $87,870
Liabilities
Accounts Payable and Accrued Expenses$2,354$1,677▼ $677
Total Liabilities$2,354$1,677▼ $677
Net Assets / Fund Balance
Unrestricted Net Assets$324,709$413,256▲ $88,547
Total Net Assets Fund Balance$324,709$413,256▲ $88,547
Total Liabilities and Net Assets / Fund Balance$327,063$414,933▲ $87,870

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$9,975--
Other Land Buildings$131,168$17,953-
Equipment$101$503-
Leasehold Improvements$12,299$930-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$59,721$19,250▲ $2,213-$80,184
2016$44,205$16,508▲ $8-$59,721
2015$36,154$20,727▲ $4-$53,385
2014$27,001$13,575▲ $3-$36,154
2013-$28,000▲ $1-$27,001
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John E Buck IiiExecutive DirectortreasurerFT$30,000$30,000
William BaptistChief Operating OfficerFT$30,000$30,000

Board Members and Trustees

NameTitle
Shane PinkstonPresident
Frank M LacyVice President
DANIEL BAPTIST JrDirector
Harrison GardnerDirector
Travis ClemmonsDirector
Robert PhillipsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$245,782
Program Service Revenue
$570,504
Investment Income
$2,243
Other Revenue
$48,974
All Other Contributions
$231,057
Change in Net Assets
$56,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$739,210
Salaries, Compensation, and Employee Benefits$71,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$124,211$68,350-$192,561
Current Officers, Directors, Trustees, and Key Employees$52,000$13,667-$65,667
Other Expenses$62,334--$62,334
Advertising$45,780--$45,780
Insurance$3,641$14,061-$17,702
Payroll Taxes$4,544$1,194-$5,738
Depreciation Depletion-$4,232-$4,232
Office Expenses-$3,646-$3,646
Travel$1,356$1,842-$3,198
Fees for Services Accounting-$2,656-$2,656
Total Functional Expenses$700,967$109,648$0$810,615
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Form 990 part vi section a line 2daniel baptist jr treasurer/director of rooster walk incwilliam baptist - director of operation and employee of rooster walk incdaniel, jr and william are father and son

Form 990 governing body review Part VI line 11

All board members will be provided a copy of the completed 990 tax form for the applicable tax year and it will be reviewed for questions at a board meeting before filing.

Conflict of interest policy compliance Part VI line 12C

In order to avoid conflict of interest, board members are asked to disclose any associations that would preclude them from making an unbiased decision. When the board is deciding on a voting matter all members are able to contribute to the discussion, but any and all members with a conflict of interest are asked to recuse themselves when the matter or question at hand comes to a vote.

CEO executive director top management comp Part VI line 15A

The decision to hire and fire employees and/or contractors or to add or remove positions for rooster walk, inc. Is made by the board of directors. Any member that has a conflict of interest must recuse himself or herself from deliberation, discussion and voting on that topic. Once a decision has been made by the board, a sub-committee of non-interested parties is formed to determine who is hired and/or determine compensation. The amounts alloted for salary, benefits and formal business contracts are approved with the annual budget each year.

Other officer or key employee compensation Part VI line 15B

The decision to hire and fire employees and/or contractors or to add or remove positions for rooster walk inc is made by the board of directors. Any member that has a conflict of interest must recuse himself/herself from deliberation, discussion and voting on that topic.once a decision has been made by the board, a sub-committee of non-interested parties is formed to determine who is hired and/or determine compensation. The amounts allotted for salary, benefits, and formal business contracts are approved with the annual budget each year.

Governing documents etc available to public Part VI line 19

All governing documents and financial information is available to the public via a written request to the executive director.

Filing and Contact Details

Filer

Filer Name
Rooster Walk Inc
EIN
45-5130096
Address
P O BOX 601, MARTINSVILLE, VA 24114
Doing Business As
Rooster Walk

Signing Officer

Name
Johnny Buck
Title
President
Phone
4342490550
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
5
Employees
3
Volunteers
200

Preparer

Firm
Garretts Tax Service
Address
305 PINEY FOREST RD, Danville, VA 24540
Preparer
John Searcy Iii
Phone
4347972398
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Revenue from rental of rives theatre in martinsville for musical events for charity

Explanation of other changes in net assets or fund balances Part XI line 9

Booking of additional investment account with stifel, nicholas & company. Investments were sold and transferred to homestrust checking account. Net result of activities and transfers was $31,659.

List of other expenses Part IX line 24E

Program Service ExpensesMusic Site Operations 15,182Music Site Kids Area 1,134Merchandise Cost 27,530Grounds expenses 377Participation fees 5,155Taxes 5,952Permits and other 1,742Bank and Card fees 16,237Instrument Initiative 3,250Artisan Cafe ------Total 76,559 to part IX line 24E Program Expense MANAGEMENT AND GENERAL EXPENSESOTHER COSTS 7,733REPAIRS 6,152TOOLS 1,446FACILITY UTILITIES 12,345TELEPHONE 1,191OUTSIDE SERVICES CONTRACT SERVICES 4,260DONATIONS 35,223 ------TOTAL 68,350 TO PART IX LINE 24E MANAGEMENT AND GENERAL

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IRS990/ProgramServiceRevenueGrp/Desc0ROOSTER WALK MUSIC FEES
IRS990/ProgramServiceRevenueGrp/Desc1EVENT SALES OF PRODUCT
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IRS990/ProgramServiceRevenueGrp/Desc3RIVES THEATRE
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INCOME FUND OF AMERICA CL C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1VIRTUS NEWFLEET MULTI ST BOND CL C
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 PART VI SECTION A LINE 2DANIEL BAPTIST JR TREASURER/DIRECTOR OF ROOSTER WALK INCWILLIAM BAPTIST - DIRECTOR OF OPERATION AND EMPLOYEE OF ROOSTER WALK INCDANIEL, JR AND WILLIAM ARE FATHER AND SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS WILL BE PROVIDED A COPY OF THE COMPLETED 990 TAX FORM FOR THE APPLICABLE TAX YEAR AND IT WILL BE REVIEWED FOR QUESTIONS AT A BOARD MEETING BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ORDER TO AVOID CONFLICT OF INTEREST, BOARD MEMBERS ARE ASKED TO DISCLOSE ANY ASSOCIATIONS THAT WOULD PRECLUDE THEM FROM MAKING AN UNBIASED DECISION. WHEN THE BOARD IS DECIDING ON A VOTING MATTER ALL MEMBERS ARE ABLE TO CONTRIBUTE TO THE DISCUSSION, BUT ANY AND ALL MEMBERS WITH A CONFLICT OF INTEREST ARE ASKED TO RECUSE THEMSELVES WHEN THE MATTER OR QUESTION AT HAND COMES TO A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DECISION TO HIRE AND FIRE EMPLOYEES AND/OR CONTRACTORS OR TO ADD OR REMOVE POSITIONS FOR ROOSTER WALK, INC. IS MADE BY THE BOARD OF DIRECTORS. ANY MEMBER THAT HAS A CONFLICT OF INTEREST MUST RECUSE HIMSELF OR HERSELF FROM DELIBERATION, DISCUSSION AND VOTING ON THAT TOPIC. ONCE A DECISION HAS BEEN MADE BY THE BOARD, A SUB-COMMITTEE OF NON-INTERESTED PARTIES IS FORMED TO DETERMINE WHO IS HIRED AND/OR DETERMINE COMPENSATION. THE AMOUNTS ALLOTED FOR SALARY, BENEFITS AND FORMAL BUSINESS CONTRACTS ARE APPROVED WITH THE ANNUAL BUDGET EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DECISION TO HIRE AND FIRE EMPLOYEES AND/OR CONTRACTORS OR TO ADD OR REMOVE POSITIONS FOR ROOSTER WALK INC IS MADE BY THE BOARD OF DIRECTORS. ANY MEMBER THAT HAS A CONFLICT OF INTEREST MUST RECUSE HIMSELF/HERSELF FROM DELIBERATION, DISCUSSION AND VOTING ON THAT TOPIC.ONCE A DECISION HAS BEEN MADE BY THE BOARD, A SUB-COMMITTEE OF NON-INTERESTED PARTIES IS FORMED TO DETERMINE WHO IS HIRED AND/OR DETERMINE COMPENSATION. THE AMOUNTS ALLOTTED FOR SALARY, BENEFITS, AND FORMAL BUSINESS CONTRACTS ARE APPROVED WITH THE ANNUAL BUDGET EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS AND FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC VIA A WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REVENUE FROM RENTAL OF RIVES THEATRE IN MARTINSVILLE FOR MUSICAL EVENTS FOR CHARITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOKING OF ADDITIONAL INVESTMENT ACCOUNT WITH STIFEL, NICHOLAS & COMPANY. INVESTMENTS WERE SOLD AND TRANSFERRED TO HOMESTRUST CHECKING ACCOUNT. NET RESULT OF ACTIVITIES AND TRANSFERS WAS $31,659.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Program Service ExpensesMusic Site Operations 15,182Music Site Kids Area 1,134Merchandise Cost 27,530Grounds expenses 377Participation fees 5,155Taxes 5,952Permits and other 1,742Bank and Card fees 16,237Instrument Initiative 3,250Artisan Cafe ------Total 76,559 to part IX line 24E Program Expense MANAGEMENT AND GENERAL EXPENSESOTHER COSTS 7,733REPAIRS 6,152TOOLS 1,446FACILITY UTILITIES 12,345TELEPHONE 1,191OUTSIDE SERVICES CONTRACT SERVICES 4,260DONATIONS 35,223 ------TOTAL 68,350 TO PART IX LINE 24E MANAGEMENT AND GENERAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
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