Civic Intelligence

Toad Suck Daze Inc.

990 • Fiscal year 2021 • EIN 46-4378633

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 02, 2022

900 Oak StreetConway, AR 72032

(501) 327-7788

Siviq Scores

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

Liabilities / Assets

48th percentile

0.02x

Higher debt load relative to assets than 48% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.05x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

31st percentile

1.3%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

27th percentile

-0.7%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

50%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$740,155

Down $5,128 (-0.7%) from 2020

Net Assets

Up

$725,347

Up $40,578 (+5.9%) from 2020

Liabilities

Down

$14,808

Down $45,706 (-76%) from 2020

Revenue

Up

$325,864

Up $107,961 (+50%) from 2020

Expenses

Up

$321,583

Up $31,210 (+11%) from 2020

Net Income

Up

$4,281

Up $76,751 (+106%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $688,842Liabilities 2014: $700Net Assets 2014: $688,1422014Assets 2015: $703,697Liabilities 2015: $13,891Net Assets 2015: $689,8062015Assets 2016: $658,996Liabilities 2016: $504Net Assets 2016: $658,4922016Assets 2017: $714,753Liabilities 2017: $3,487Net Assets 2017: $711,2662017Assets 2018: $682,143Liabilities 2018: $7,048Net Assets 2018: $675,0952018Assets 2019: $723,706Liabilities 2019: $6,053Net Assets 2019: $717,6532019Assets 2020: $745,283Liabilities 2020: $60,514Net Assets 2020: $684,7692020Assets 2021: $740,155Liabilities 2021: $14,808Net Assets 2021: $725,3472021Assets 2022: $770,823Liabilities 2022: $108,308Net Assets 2022: $662,5152022Assets 2023: $853,470Liabilities 2023: $150,170Net Assets 2023: $703,3002023Assets 2024: $873,488Liabilities 2024: $143,990Net Assets 2024: $729,4982024

Highlighted filing

2021

Assets$740,155
Liabilities$14,808
Net Assets$725,347

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,044,278Expenses 2014: $1,030,967Net Income 2014: $13,3112014Revenue 2015: $1,036,198Expenses 2015: $1,010,241Net Income 2015: $25,9572015Revenue 2016: $509,627Expenses 2016: $549,064Net Income 2016: -$39,4372016Revenue 2017: $630,697Expenses 2017: $607,449Net Income 2017: $23,2482017Revenue 2018: $631,982Expenses 2018: $628,208Net Income 2018: $3,7742018Revenue 2019: $693,670Expenses 2019: $713,297Net Income 2019: -$19,6272019Revenue 2020: $217,903Expenses 2020: $290,373Net Income 2020: -$72,4702020Revenue 2021: $325,864Expenses 2021: $321,583Net Income 2021: $4,2812021Revenue 2022: $730,183Expenses 2022: $724,374Net Income 2022: $5,8092022Revenue 2023: $824,890Expenses 2023: $838,099Net Income 2023: -$13,2092023Revenue 2024: $839,321Expenses 2024: $852,536Net Income 2024: -$13,2152024

Highlighted filing

2021

Revenue$325,864
Expenses$321,583
Net Income$4,281
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 2, 2022
Return Version
2021v4.2
Gross Receipts
$325,864
Mission and Program Overview

Mission

To support eduation initiatives and scholarships through the proceeds of an annual festival.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$582,775$617,622▲ $34,847
Cash and Non-Interest-Bearing Accounts$94,440$58,822▼ $35,618
Savings and Temporary Cash Investments$41,627$41,669▲ $42
Inventories for Sale or Use$17,359$17,359→ $0
Land, Buildings, and Equipment, Net$8,355$4,683▼ $3,672
Prepaid Expenses and Deferred Charges$727$0▼ $727
Total Assets$745,283$740,155▼ $5,128
Liabilities
Deferred Revenue$39,350$13,650▼ $25,700
Accounts Payable and Accrued Expenses$21,164$1,158▼ $20,006
Total Liabilities$60,514$14,808▼ $45,706
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$684,769$725,347▲ $40,578
Total Net Assets Fund Balance$684,769$725,347▲ $40,578
Total Liabilities and Net Assets / Fund Balance$745,283$740,155▼ $5,128

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,683$24,899$29,582
Other Securities$509,434--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$475,921-▲ $60,959-$509,434
2020$461,922-▲ $40,381-$475,921
2019$415,160-▲ $74,334-$461,922
2018$468,603-▼ $26,752-$415,160
2017$425,464-▲ $70,102-$468,603
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pete TanguayChair
Patti StobaughPast Chair
Cate McconnellVice-chairman
Brad LacySecretary
Drew GainorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$224,533
Program Service Revenue
$85,183
Investment Income
$16,144
Other Revenue
$4
All Other Contributions
$224,533
Change in Net Assets
$4,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,083
Grants and Similar Amounts Paid$17,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$64,000--$64,000
Fees for Services Other$58,228--$58,228
Grants to Domestic Individuals$17,500--$17,500
Insurance$9,982--$9,982
Advertising$4,271--$4,271
Depreciation Depletion$3,671--$3,671
Fees for Services Accounting$1,500--$1,500
Other Expenses$880--$880
Fees for Services Legal$677--$677
Office Expenses$475--$475
Total Functional Expenses$321,583$0$0$321,583
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is approved by the board before signing and submitting to the irs.

Form 990, Part VI, Section C, Line 18

Organization provides copies of documents as requests are made.

Form 990, Part VI, Section C, Line 19

Organization provides copies of documents as requests are made.

Filing and Contact Details

Filer

Filer Name
Toad Suck Daze Inc
EIN
46-4378633
Phone
5013277788
Address
900 OAK STREET, CONWAY, AR 72032

Signing Officer

Name
Brad Lacy
Title
CEO
Phone
5013277788
Signed
2022-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Lacy
Formed
2013
Legal Domicile
Ar
Voting Board Members
33
Independent Board Members
33
Employees
0
Volunteers
500

Preparer

Firm
Conner & Sartain Cpas Pa
Address
PO BOX 2260, CONWAY, AR 72033
Preparer
Steve W Conner CPA
Phone
5013276688
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Entertainers: program service expenses 58,228. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,228.

Financial Statement Notes

PART V, LINE 4:

Annual distribution will be received by the organization to grant toad suck daze scholarships.

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IRS990/Desc0SINCE 1981, THE TOAD SUCK DAZE, FAMILY-ORIENTED FESTIVAL HAS BEEN HELD ON THE FIRST WEEKEND IN MAY. THIS FREE-ADMISSION FESTIVAL HELD ON THE STREETS OF DOWNTOWN CONWAY, ARKANSAS HAS SOMETHING FOR THE ENTIRE FAMILY: ARTS & CRAFTS, 'TOADAL KIDS ZONE', A CARNIVAL, LOCAL AND NATIONAL ENTERTAINMENT, FOOD, PETTING ZOO, AND SO MUCH MORE! TOAD SUCK DAZE IS ALSO HOME TO 'THE WORLD CHAMPIONSHIP TOAD RACES'. THE FESTIVAL IS RUN ALMOST EXCLUSIVELY BY VOLUNTEERS FROM CONWAY AND FAULKNER COUNTY, INCLUDING THE LOCAL POLICE AND FIRE DEPARTMENTS. PROCEEDS OF TOAD SUCK DAZE HAVE HELPED TO RAISED MORE THAN $1.8 MILLION IN ENDOWED OR DIRECTLY AWARDED SCHOLARSHIPS. MORE THAN 220 FAULKNER COUNTY STUDENTS HAVE RECEIVED TOAD SUCK DAZE SCHOLARSHIPS. SINCE 2012, TOAD SUCK DAZE HAS AWARDED MORE THAN $100,000 TO LOCAL EARLY CHILDHOOD EDUCATION INITIATIVES.
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt040381
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt08822
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0415160
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0461922
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt018750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt074334
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt09191
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0468603
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0415160
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt017500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-26752
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt08963
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0425464
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0468603
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt018000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt070102
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04683
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024899
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029582
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0108188
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1509434
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS-SHORT TERM
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS-LONG TERM
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ANNUAL DISTRIBUTION WILL BE RECEIVED BY THE ORGANIZATION TO GRANT TOAD SUCK DAZE SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04683
IRS990ScheduleD/TotalBookValueSecuritiesAmt0617622
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0THE PURPOSE OF THE TOAD SUCK DAZECOMMUNITY SERVICE SCHOLARSHIP IS TO ENCOURAGE COMMUNITY SERVICE AMONGFAULKNER COUNTY YOUTH AND TO PROVIDE AN OPPORTUNITY FOR EDUCATIONAL ANDCOMMUNITY GROWTH.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH SCHOLARSHIPS
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS APPROVED BY THE BOARD BEFORE SIGNING AND SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION PROVIDES COPIES OF DOCUMENTS AS REQUESTS ARE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION PROVIDES COPIES OF DOCUMENTS AS REQUESTS ARE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENTERTAINERS: PROGRAM SERVICE EXPENSES 58,228. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,228.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CONWAY AREA CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0710037470
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (C) (6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0900 OAK STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CONWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd072032
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt044000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CONWAY AREA CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0745283
IRS990/TotalAssetsEOYAmt0740155
IRS990/TotalAssetsGrp/BOYAmt0745283
IRS990/TotalAssetsGrp/EOYAmt0740155
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0224533
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0321583
IRS990/TotalFunctionalExpensesGrp/TotalAmt0321583
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060514
IRS990/TotalLiabilitiesEOYAmt014808
IRS990/TotalLiabilitiesGrp/BOYAmt060514
IRS990/TotalLiabilitiesGrp/EOYAmt014808
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0684769
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0725347
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0321583
IRS990/TotalProgramServiceRevenueAmt085183
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0101331
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0325864
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0745283
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0740155
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0900 OAK STREET
IRS990/USAddress/CityNm0CONWAY
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072032
IRS990/VotingMembersGoverningBodyCnt033
IRS990/VotingMembersIndependentCnt033
IRS990/WebsiteAddressTxt0WWW.TOADSUCK.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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