Civic Intelligence

Fine Arts Academy of Belmont Inc

EIN 46-3277622 • 501(c)3 • Belmont, NC

Profile

Education and training in music and arts

23 N Central AveBelmont, NC 28012
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 2020

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

26th percentile

-16%

Higher net margin than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

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 2020

Asset Growth

29th percentile

-24%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-77%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$7,480

Down $2,400 (-24%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$7,480

Down $2,400 (-24%) from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin26th percentile

Revenue

Down

$14,935

Down $51,251 (-77%) from 2019

Expenses

Down

$17,335

Down $42,069 (-71%) from 2019

Net Income

Down

-$2,400

Down $9,182 (-135%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$10K$5.0K$0Assets 2014: $5,723Liabilities 2014: $02014Assets 2015: $7,114Liabilities 2015: $0Net Assets 2015: $7,1142015Assets 2016: $1,574Liabilities 2016: $0Net Assets 2016: $1,5742016Assets 2017: $2,933Liabilities 2017: $0Net Assets 2017: $2,9332017Assets 2018: $3,098Liabilities 2018: $0Net Assets 2018: $3,0982018Assets 2019: $9,880Liabilities 2019: $0Net Assets 2019: $9,8802019Assets 2020: $7,480Liabilities 2020: $0Net Assets 2020: $7,4802020

Highlighted filing

2020

Assets$7,480
Liabilities$0
Net Assets$7,480
Open 2020 Filing

Operations Trend

Revenue Growth10th percentile

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

$100K$50K$0-$50KRevenue 2014: $94,548Expenses 2014: $88,825Net Income 2014: $5,7232014Revenue 2015: $78,616Expenses 2015: $77,225Net Income 2015: $1,3912015Revenue 2016: $73,668Expenses 2016: $79,208Net Income 2016: -$5,5402016Revenue 2017: $58,778Expenses 2017: $59,938Net Income 2017: -$1,1602017Revenue 2018: $56,378Expenses 2018: $53,693Net Income 2018: $2,6852018Revenue 2019: $66,186Expenses 2019: $59,404Net Income 2019: $6,7822019Revenue 2020: $14,935Expenses 2020: $17,335Net Income 2020: -$2,4002020

Highlighted filing

2020

Revenue$14,935
Expenses$17,335
Net Income-$2,400
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,480
Liabilities
$0
Net assets
$7,480
Revenue
$14,935
Expenses
$17,335
Net income
-$2,400
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$7.48$0.00$7.48$14.9$17.3$2.40
2019Detailed filing. Detailed filing data is available for this year.$9.88$0.00$9.88$66.2$59.4$6.78
2018Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$56.4$53.7$2.69
2017Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$58.8$59.9$1.16
2016Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$73.7$79.2$5.54
2015Detailed filing. Detailed filing data is available for this year.$7.11$0.00$7.11$78.6$77.2$1.39
2014Summary only. Only limited summary data is available for this year.$5.72$0.00$94.5$88.8$5.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 19, 2021
Return Version
2020v4.1
Gross Receipts
$14,935
Mission and Program Overview

Mission

Education and training in music and arts

Program Services

DescriptionGrantsExpenses
EDUCATION AND TRAINING IN MUSIC AND ARTS-$15,288
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROLINE ROSSSecretary-$0--
JANET MYRICKExecutive DirectorPT$0--
JAIME EMERSONTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Fine Arts Academy of Belmont Inc
EIN
46-3277622
Address
23 N CENTRAL AVE, BELMONT, NC 28012

Signing Officer

Name
Janet Myrick
Title
Executive Direc
Phone
7042144111
Signed
2021-08-19
Discuss with paid preparer
No

Preparer

Firm
Gibson and Gibson Inc
Address
4662 N NC 16 Business Hwy, DENVER, NC 28037
Preparer
Benjamin G Gibson
Phone
7044898864
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountdepreciation from 4562 2,046telephone 804insurance 381payroll tax 463property tax 60”

Description of other assets Part II line 24

“Category beginning of year end of yearloan to janet 229 0pianos 7,164 5,118”

Raw XML Appendix135 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/PersonNm0JANET MYRICK
IRS990EZ/BooksInCareOfDetail/PhoneNum07042144111
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0304 TREELINE DR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BELMONT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028012
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02487
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02362
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01188
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2400
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06991
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt09880
IRS990EZ/Form990TotalAssetsGrp/EOYAmt07480
IRS990EZ/GrossReceiptsAmt014935
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09880
IRS990EZ/NetAssetsOrFundBalancesEOYAmt07480
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt09880
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt07480
IRS990EZ/OccupancyRentUtltsAndMaintAmt0750
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt120.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CAROLINE ROSS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JANET MYRICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAIME EMERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07393
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05118
IRS990EZ/OtherExpensesTotalAmt03754
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION AND TRAINING IN MUSIC AND ARTS
IRS990EZ/ProgramServiceRevenueAmt013747
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATION AND TRAINING IN MUSIC AND ARTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt015288
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt05840
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt017335
IRS990EZ/TotalProgramServiceExpensesAmt015288
IRS990EZ/TotalRevenueAmt014935
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt014935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt066186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt056378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt058778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt073668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0269945
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99600
IRS990ScheduleA/PublicSupportTotal170Amt0269945
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt014935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt066186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt056378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt058778
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt073668
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0269945
IRS990ScheduleA/TotalSupportAmt0269945
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTDEPRECIATION FROM 4562 2,046TELEPHONE 804INSURANCE 381PAYROLL TAX 463PROPERTY TAX 60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARLOAN TO JANET 229 0PIANOS 7,164 5,118
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JANET MYRICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum07042144111
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINE ARTS ACADEMY OF BELMONT INC
ReturnHeader/Filer/BusinessNameControlTxt0FINE
ReturnHeader/Filer/EIN0463277622
ReturnHeader/Filer/USAddress/AddressLine1Txt023 N CENTRAL AVE
ReturnHeader/Filer/USAddress/CityNm0BELMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028012
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561621393
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gibson and Gibson Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04662 N NC 16 Business Hwy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028037
ReturnHeader/PreparerPersonGrp/PhoneNum07044898864
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Benjamin G Gibson
ReturnHeader/ReturnTs02021-08-30T15:17:43-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JANET
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MYRICK
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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