Civic Intelligence

Belltower Pictures Inc.

990 • Fiscal year 2016 • EIN 46-1528529

Jan 01, 2016 to Dec 31, 2016 • Filed on May 14, 2017

2709 Monument AveRichmond, VA 23220-2658

(804) 254-3943

Siviq Scores

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

Liabilities / Assets

70th percentile

0.19x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.46x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$11,700

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

36th percentile

-2.0%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

240%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$530,224

Down $10,679 (-2.0%) from 2015

Net Assets

Up

$429,160

Up $59,184 (+16%) from 2015

Liabilities

Down

$101,064

Down $69,863 (-41%) from 2015

Revenue

Up

$218,993

Up $154,656 (+240%) from 2015

Expenses

Down

$152,475

Down $519,345 (-77%) from 2015

Net Income

Up

$66,518

Up $674,001 (+111%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2014: $441,901Liabilities 2014: $0Net Assets 2014: $441,9012014Assets 2015: $540,903Liabilities 2015: $170,927Net Assets 2015: $369,9762015Assets 2016: $530,224Liabilities 2016: $101,064Net Assets 2016: $429,1602016Assets 2017: $21,962Liabilities 2017: $30,000Net Assets 2017: -$8,0382017Assets 2018: $10,286Liabilities 2018: $0Net Assets 2018: $10,2862018Assets 2019: $176,448Liabilities 2019: $15,756Net Assets 2019: $160,6922019Assets 2020: $94,007Liabilities 2020: $397Net Assets 2020: $93,6102020Assets 2021: $123,066Liabilities 2021: $2,270Net Assets 2021: $120,7962021Assets 2022: $73,202Liabilities 2022: $3,384Net Assets 2022: $69,8182022Assets 2023: $42,036Liabilities 2023: $3,277Net Assets 2023: $38,7592023

Highlighted filing

2016

Assets$530,224
Liabilities$101,064
Net Assets$429,160

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2014: $418,588Expenses 2014: $12,483Net Income 2014: $406,1052014Revenue 2015: $64,337Expenses 2015: $671,820Net Income 2015: -$607,4832015Revenue 2016: $218,993Expenses 2016: $152,475Net Income 2016: $66,5182016Revenue 2017: $132,395Expenses 2017: $569,593Net Income 2017: -$437,1982017Revenue 2018: $42,246Expenses 2018: $22,331Net Income 2018: $19,9152018Revenue 2019: $244,656Expenses 2019: $96,530Net Income 2019: $148,1262019Revenue 2020: $95,527Expenses 2020: $156,129Net Income 2020: -$60,6022020Revenue 2021: $38,768Expenses 2021: $10,430Net Income 2021: $28,3382021Revenue 2022: $92,315Expenses 2022: $137,277Net Income 2022: -$44,9622022Revenue 2023: $25,058Expenses 2023: $65,251Net Income 2023: -$40,1932023

Highlighted filing

2016

Revenue$218,993
Expenses$152,475
Net Income$66,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 14, 2017
Return Version
2016v3.0
Gross Receipts
$222,840
Mission and Program Overview

Mission

Belltower pictures is an independent non-profit corporation focused on producing, promoting and distributing high quality films, television and web projects. Our mission is to entertain and inspire, telling great stories that have a positive impact on people's lives.

Belltower pictures is focused on creating high quality faith-themed films and media projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$535,558$530,224▼ $5,334
Savings and Temporary Cash Investments$5,345$0▼ $5,345
Cash and Non-Interest-Bearing Accounts-$0-
Total Assets$540,903$530,224▼ $10,679
Liabilities
Unsecured Notes Loans Payable$170,927$90,194▼ $80,733
Accounts Payable and Accrued Expenses-$10,870-
Total Liabilities$170,927$101,064▼ $69,863
Net Assets / Fund Balance
Unrestricted Net Assets$369,976$429,160▲ $59,184
Total Net Assets Fund Balance$369,976$429,160▲ $59,184
Total Liabilities and Net Assets / Fund Balance$540,903$530,224▼ $10,679
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Barbara MaitExecutive DirectorPT$11,700$11,700

Board Members and Trustees

NameTitle
David PowersPresident
Paul BickfordVice President
Ian R PatrickDirector
John CarterDirector
Russ ParkerDirector
Stephen Hawley MartinDirector
The Rev Amelie Wilmer MinorDirector
Joyce ClemmonsSecretary
Kim BoysTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,004
Program Service Revenue
$11,292
Investment Income
$697
Other Revenue
$0
All Other Contributions
$207,004
Change in Net Assets
$66,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,599
Salaries, Compensation, and Employee Benefits$16,876
Total Fundraising Expense$8,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$78,264-$8,609$86,873
Fees for Services Other$25,982$9,094-$35,076
Other Salaries and Wages$2,836$11,700-$14,536
Interest$5,133--$5,133
Office Expenses$1,217$1,358-$2,575
Payroll Taxes$1,034$1,306-$2,340
Insurance-$2,297-$2,297
Information Technology$940$702-$1,642
Travel$1,153$100-$1,253
Fees for Services Legal-$750-$750
Total Functional Expenses$116,559$27,307$8,609$152,475
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committees with authority to act on behalf of the governing body established yet

Form 990, Part VI, Section B, Line 11B

A copy of the draft 990 is provided to all board members before approval

Form 990, Part VI, Section B, Line 12C

Regular disclosure and review of the directors' potential conflicts of interest by the board

Form 990, Part VI, Section C, Line 19

Documents are available on request.

Filing and Contact Details

Filer

Filer Name
Belltower Pictures
EIN
46-1528529
Phone
8042543943
Address
2709 MONUMENT AVE, RICHMOND, VA 23220-2658

Signing Officer

Name
Kim Boys
Title
Treasurer
Phone
8042543943
Signed
2017-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Powers
Formed
2012
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
75

Preparer

Firm
Lane & Associates Pc
Address
2839 HATHAWAY ROAD, RICHMOND, VA 23225
Preparer
Meda S Lane
Phone
8042727421
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees-mngmnt-990: program service expenses 0. Management and general expenses 9,094. Fundraising expenses 0. Total expenses 9,094. Other fees-progserv-990: program service expenses 25,982. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,982.

FORM 990, PART XI, LINE 9:

Book/tax difference due to prior 181 election -12,193.

Financial Statement Notes

PART X, LINE 2:

Belltower pictures is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code. Belltower pictures could be subject to taxation on unrelated business income from activities not directly related to its tax-exempt purpose, and could be subject to the proxy tax on underreported non-deductible member dues. Belltower pictures believes that it has appropriate support for any tax positions taken, and, accordingly, does not have any uncertain tax positions that are material to the financial statements. Any interest and penalties assessed by taxing authorities or associated with unrecognized tax positions would be included as such in operating expenses.

Raw XML Appendix390 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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0704727
IRS990ScheduleA/TotalSupportAmt0706286
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BELLTOWER PICTURES IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BELLTOWER PICTURES COULD BE SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO ITS TAX-EXEMPT PURPOSE, AND COULD BE SUBJECT TO THE PROXY TAX ON UNDERREPORTED NON-DEDUCTIBLE MEMBER DUES. BELLTOWER PICTURES BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, ACCORDINGLY, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. ANY INTEREST AND PENALTIES ASSESSED BY TAXING AUTHORITIES OR ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS WOULD BE INCLUDED AS SUCH IN OPERATING EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY ESTABLISHED YET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE DRAFT 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REGULAR DISCLOSURE AND REVIEW OF THE DIRECTORS' POTENTIAL CONFLICTS OF INTEREST BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES-MNGMNT-990: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,094. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,094. OTHER FEES-PROGSERV-990: PROGRAM SERVICE EXPENSES 25,982. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,982.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK/TAX DIFFERENCE DUE TO PRIOR 181 ELECTION -12,193.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0540903
IRS990/TotalAssetsEOYAmt0530224
IRS990/TotalAssetsGrp/BOYAmt0540903
IRS990/TotalAssetsGrp/EOYAmt0530224
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0207004
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08609
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027307
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0116559
IRS990/TotalFunctionalExpensesGrp/TotalAmt0152475
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0170927
IRS990/TotalLiabilitiesEOYAmt0101064
IRS990/TotalLiabilitiesGrp/BOYAmt0170927
IRS990/TotalLiabilitiesGrp/EOYAmt0101064
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0369976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0429160
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0116559
IRS990/TotalProgramServiceRevenueAmt011292
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0697
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011292
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0218993
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0540903
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0530224
IRS990/TotReportableCompRltdOrgAmt011700
IRS990/TravelGrp/ManagementAndGeneralAmt0100
IRS990/TravelGrp/ProgramServicesAmt01153
IRS990/TravelGrp/TotalAmt01253
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0369976
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0429160
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0170927
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt090194
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03031 KINVAN ROAD
IRS990/USAddress/CityNm0HENRICO
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023231
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTP://BELLTOWERPICTURES.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM BOYS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08042543943
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELLTOWER PICTURES
ReturnHeader/Filer/BusinessNameControlTxt0BELL
ReturnHeader/Filer/EIN0461528529
ReturnHeader/Filer/PhoneNum08042543943
ReturnHeader/Filer/USAddress/AddressLine1Txt02709 MONUMENT AVE
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0232202658
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId047638217E9FB42760C51CF19A281C6FE9FC31CFE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07667528211DE50A169D49D57344AAF23D73F0246
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.53.74.253
ReturnHeader/FilingSecurityInformation/IPDt02017-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:25:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541216800
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LANE & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02839 HATHAWAY ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023225
ReturnHeader/PreparerPersonGrp/PhoneNum08042727421
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEDA S LANE
ReturnHeader/ReturnTs02017-05-14T15:28:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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