Civic Intelligence

False Profit Inc.

990 • Fiscal year 2018 • EIN 46-5723196

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 12, 2019

Organization Profilepricelessfestival.org
340 S Lemon AveWalnut, CA 91789

(415) 993-2678

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

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

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

91st percentile

98%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$97,492

Up $48,158 (+98%) from 2017

Net Assets

Up

$96,935

Up $96,935 from 2017

Liabilities

Down

$557

Down $48,777 (-99%) from 2017

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin70th percentile

Revenue

Up

$271,429

Up $47,236 (+21%) from 2017

Expenses

Up

$231,794

Up $29,382 (+15%) from 2017

Net Income

Up

$39,635

Up $17,854 (+82%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$200K$150K$100K$50K$0Assets 2015: $16,178Net Assets 2015: $16,1782015Assets 2016: $25,208Liabilities 2016: $0Net Assets 2016: $25,2082016Assets 2017: $49,334Liabilities 2017: $49,334Net Assets 2017: $02017Assets 2018: $97,492Liabilities 2018: $557Net Assets 2018: $96,9352018Assets 2019: $124,470Liabilities 2019: $81Net Assets 2019: $124,3892019Assets 2020: $77,938Liabilities 2020: $81Net Assets 2020: $77,8572020Assets 2021: $70,147Liabilities 2021: $0Net Assets 2021: $70,1472021Assets 2022: $76,193Liabilities 2022: $395Net Assets 2022: $75,7982022Assets 2023: $113,336Liabilities 2023: $0Net Assets 2023: $113,3362023Assets 2024: $179,358Liabilities 2024: $0Net Assets 2024: $179,3582024

Highlighted filing

2018

Assets$97,492
Liabilities$557
Net Assets$96,935
Open 2018 Filing

Operations Trend

Revenue Growth73rd percentile

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

$400K$200K$0-$200KRevenue 2015: $168,784Expenses 2015: $160,199Net Income 2015: $8,5852015Revenue 2016: $191,170Expenses 2016: $182,681Net Income 2016: $8,4892016Revenue 2017: $224,193Expenses 2017: $202,412Net Income 2017: $21,7812017Revenue 2018: $271,429Expenses 2018: $231,794Net Income 2018: $39,6352018Revenue 2019: $279,897Expenses 2019: $252,443Net Income 2019: $27,4542019Revenue 2020: $0Expenses 2020: $43,934Net Income 2020: -$43,9342020Revenue 2021: $40,157Expenses 2021: $47,867Net Income 2021: -$7,7102021Revenue 2022: $148,693Expenses 2022: $143,042Net Income 2022: $5,6512022Revenue 2023: $272,595Expenses 2023: $235,058Net Income 2023: $37,5372023Revenue 2024: $363,004Expenses 2024: $296,982Net Income 2024: $66,0222024

Highlighted filing

2018

Revenue$271,429
Expenses$231,794
Net Income$39,635
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 12, 2019
Return Version
2018v3.1
Gross Receipts
$284,747
Mission and Program Overview

Mission

To provide cultural advancements and life quality enhancements through music, art, and educational opportunities

To provide cultural advancements through art, music, and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$49,334$97,492▲ $48,158
Cap Stk Tr Prin Current Funds-$64,525-
Rtn Earn Endowment Incm Other Fnds$49,334$32,410▼ $16,924
Total Assets$49,334$97,492▲ $48,158
Liabilities
Other Liabilities-$557-
Total Liabilities$0$557▲ $557
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,334$96,935▲ $47,601
Total Liabilities and Net Assets / Fund Balance$49,334$97,492▲ $48,158
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Carrie BrownPresident
Jef PearlmanSecretary
Sasha YeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,649
Program Service Revenue
$233,582
Investment Income
$0
Other Revenue
$29,198
All Other Contributions
$8,649
Change in Net Assets
$39,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,828
Grants and Similar Amounts Paid$7,966
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$92,636--$92,636
All Other Expenses$19,803--$19,803
Other Expenses$14,648--$14,648
Grants to Domestic Individuals$7,966--$7,966
Occupancy$375$6,006-$6,381
Travel$5,399--$5,399
Insurance$3,905--$3,905
Advertising-$600-$600
Total Functional Expenses$225,188$6,606$0$231,794
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,516
Fundraising Direct Expenses$13,318
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sound System$42,516$42,516$13,318$29,198
Total Events$42,516$42,516$13,318$29,198
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reimbursements payable$557
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 governing body review Part VI line 11

“The Treasurer engages a return preparer to draft Form 990. The Treasurer reviews the draft Form 990 with the other Board members prior to filing.”

Conflict of interest policy compliance Part VI line 12C

“The Board has adopted a Conflict of Interest policy. All Officers and Directors are required to disclose any potential conflicts of interest to the Board for review under the policy. The Board is then required to deliberate on the potential conflict of interest and to record its decision in the minutes. Officers or Directors with a potential conflict of interest are not permitted to participate in the Boards discussion or vote.”

Governing documents etc available to public Part VI line 19

“The organization does not make its governing documents, financial statements, or conflict of interest policy available to the public.”

Filing and Contact Details

Filer

Filer Name
False Profit Inc
EIN
46-5723196
Address
340 S Lemon Ave, Walnut, CA 91789

Signing Officer

Name
Sasha Yee
Title
Treasurer
Phone
4159932678
Signed
2019-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carrie Brown
Formed
2014
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
550

Preparer

Firm
Build Advisory Corporation
Address
80 Cabrillo Hwy N Ste Q PMB 619, Half Moon Bay, CA 94019
Preparer
Mark Hancock CRTP
Phone
4159523695
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Arrivals, $1,290.00Beach Stage, $9,956.84Dirt Stage, $24,464.25Forest Stage, $12,547.32Hospitality, $1,950.00Infrastructure, $31,047.11PWP, $400.00Outpost, $4,948.99”

List of other expenses Part IX line 24E

“Permits, 12,691.90Dues and subscriptions, 3551.83Taxes and licenses, 1,313.98Software subscriptions, 882.82Fuel, 872.39Bank charges, 305.06PayPal fees, 129.24Shipping and postage, 31.78Printing, 25.59TOTAL TO PART IX LINE 25e (rounded): 19,803”

Raw XML Appendix341 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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IRS990/ProgramServiceRevenueGrp/Desc1Festival parking
IRS990/ProgramServiceRevenueGrp/Desc2Festival lodging
IRS990/ProgramServiceRevenueGrp/Desc3Festival meal plan
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Art Grants are awarded to community artists to defray installation and material expenses. Grant funds are used for Festival art installations, and are monitored on-site during the Festival.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Treasurer engages a return preparer to draft Form 990. The Treasurer reviews the draft Form 990 with the other Board members prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board has adopted a Conflict of Interest policy. All Officers and Directors are required to disclose any potential conflicts of interest to the Board for review under the policy. The Board is then required to deliberate on the potential conflict of interest and to record its decision in the minutes. Officers or Directors with a potential conflict of interest are not permitted to participate in the Boards discussion or vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not make its governing documents, financial statements, or conflict of interest policy available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Arrivals, $1,290.00Beach Stage, $9,956.84Dirt Stage, $24,464.25Forest Stage, $12,547.32Hospitality, $1,950.00Infrastructure, $31,047.11PWP, $400.00Outpost, $4,948.99
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Permits, 12,691.90Dues and subscriptions, 3551.83Taxes and licenses, 1,313.98Software subscriptions, 882.82Fuel, 872.39Bank charges, 305.06PayPal fees, 129.24Shipping and postage, 31.78Printing, 25.59TOTAL TO PART IX LINE 25e (rounded): 19,803
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt049334
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096935
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0225188
IRS990/TotalProgramServiceRevenueAmt0233582
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt029198
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0233582
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0271429
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0550
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049334
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097492
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt05399
IRS990/TravelGrp/TotalAmt05399
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0pricelessfestival.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sasha Yee
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04159932678
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0False Profit Inc
ReturnHeader/Filer/BusinessNameControlTxt0FALS
ReturnHeader/Filer/EIN0465723196
ReturnHeader/Filer/USAddress/AddressLine1Txt0340 S Lemon Ave
ReturnHeader/Filer/USAddress/CityNm0Walnut
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091789
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07AA6D3C240920974198751EC3EBFEA00407109C5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07AA6D3C240920974198751EC3EBFEA00407109C5
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId09455802019225w1rxlpp
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-08-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.171.140.17
ReturnHeader/FilingSecurityInformation/IPDt02019-08-13
ReturnHeader/FilingSecurityInformation/IPTm000:41:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465555252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Build Advisory Corporation
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 Cabrillo Hwy N Ste Q PMB 619
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Half Moon Bay
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094019
ReturnHeader/PreparerPersonGrp/PhoneNum04159523695
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Hancock CRTP
ReturnHeader/ReturnTs02019-08-13T00:40:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$97,492
Liabilities
$557
Net assets
$96,935
Revenue
$271,429
Expenses
$231,794
Net income
$39,635
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$3.63$2.97$0.66
2023Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$2.73$2.35$0.38
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$1.49$1.43$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.40$0.48$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.00$0.44$0.44
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$2.80$2.52$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.97$0.01$0.97$2.71$2.32$0.40
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.49$0.00$2.24$2.02$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.91$1.83$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.16$1.69$1.60$0.09