Civic Intelligence

The Rabbit Room Inc

990 • Fiscal year 2019 • EIN 47-5081441

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

188 Front St Ste 116-44Franklin, TN 37064

(615) 887-0284

Siviq Scores

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

Liabilities / Assets

70th percentile

0.26x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

59th percentile

0.14x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$49,386

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

99th percentile

436%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

76%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,053,545

Up $590,918 (+128%) from 2018

Net Assets

Up

$774,655

Up $445,194 (+135%) from 2018

Liabilities

Up

$278,890

Up $145,724 (+109%) from 2018

Revenue

Up

$1,955,322

Up $670,381 (+52%) from 2018

Expenses

Up

$1,356,133

Up $332,369 (+32%) from 2018

Net Income

Up

$599,189

Up $338,012 (+129%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $38,188Liabilities 2016: $0Net Assets 2016: $38,1882016Assets 2017: $130,926Liabilities 2017: $21,133Net Assets 2017: $109,7932017Assets 2018: $462,627Liabilities 2018: $133,166Net Assets 2018: $329,4612018Assets 2019: $1,053,545Liabilities 2019: $278,890Net Assets 2019: $774,6552019Assets 2020: $1,578,571Liabilities 2020: $374,095Net Assets 2020: $1,204,4762020Assets 2021: $2,342,390Liabilities 2021: $565,577Net Assets 2021: $1,776,8132021Assets 2022: $2,395,672Liabilities 2022: $360,931Net Assets 2022: $2,034,7412022Assets 2023: $2,160,066Liabilities 2023: $377,015Net Assets 2023: $1,783,0512023Assets 2024: $1,811,663Liabilities 2024: $563,897Net Assets 2024: $1,247,7662024

Highlighted filing

2019

Assets$1,053,545
Liabilities$278,890
Net Assets$774,655

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $335,873Expenses 2016: $297,685Net Income 2016: $38,1882016Revenue 2017: $643,533Expenses 2017: $571,928Net Income 2017: $71,6052017Revenue 2018: $1,284,941Expenses 2018: $1,023,764Net Income 2018: $261,1772018Revenue 2019: $1,955,322Expenses 2019: $1,356,133Net Income 2019: $599,1892019Revenue 2020: $2,866,157Expenses 2020: $2,436,336Net Income 2020: $429,8212020Revenue 2021: $941,267Expenses 2021: $1,037,050Net Income 2021: -$95,7832021Revenue 2022: $1,875,034Expenses 2022: $1,617,106Net Income 2022: $257,9282022Revenue 2023: $1,687,826Expenses 2023: $1,901,897Net Income 2023: -$214,0712023Revenue 2024: $2,042,395Expenses 2024: $2,540,894Net Income 2024: -$498,4992024

Highlighted filing

2019

Revenue$1,955,322
Expenses$1,356,133
Net Income$599,189
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$1,955,322
Mission and Program Overview

Mission

The Rabbit Room fosters Christ-centered community and spiritual formation through music, story, and art.

The organization's primary objective is to develop a christ-centered community that fosters spiritual formation through music, art, and story, and provide that to the public through events and other media, enabling growth in their faith and relationships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$175,466$774,655▲ $599,189
Cash and Non-Interest-Bearing Accounts$196,635$596,703▲ $400,068
Land, Buildings, and Equipment, Net-$456,842-
Total Assets$196,635$1,053,545▲ $856,910
Liabilities
Other Liabilities$21,133$278,848▲ $257,715
Accounts Payable and Accrued Expenses$36$42▲ $6
Total Liabilities$21,169$278,890▲ $257,721
Net Assets / Fund Balance
Total Net Assets Fund Balance$175,466$774,655▲ $599,189
Total Liabilities and Net Assets / Fund Balance$196,635$1,053,545▲ $856,910

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$456,842-$456,842
Compensation and Service Providers

Employees

NameTitleBaseTotal
Pete PetersonVice Preside$49,386$49,386
Andrew PetersonPresident$35,370$35,370

Board Members and Trustees

NameTitle
Steve GuthrieBoard Member
Chris WallDirector
Christie BraggDirector
Kenny WoodhullDirector
Laura PrestonDirector
Scott AndersonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$650,636
Program Service Revenue
$1,304,686
Investment Income
$0
Other Revenue
$0
All Other Contributions
$650,636
Change in Net Assets
$599,189
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,194,201
Salaries, Compensation, and Employee Benefits$161,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$491,560--$491,560
Office Expenses$154,356--$154,356
Other Salaries and Wages$149,352--$149,352
Travel$64,951--$64,951
Occupancy$38,348--$38,348
Fees for Services Other$33,235--$33,235
Fees for Services Management$30,350--$30,350
Advertising$23,270--$23,270
Information Technology$16,298--$16,298
Payroll Taxes$12,580--$12,580
Other Expenses$6,799--$6,799
All Other Expenses$5,893--$5,893
Fees for Services Accounting$4,950--$4,950
Insurance$3,312--$3,312
Fees for Services Legal$870--$870
Interest$678--$678
Total Functional Expenses$1,356,133$0$0$1,356,133
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Andrew Peterson Touring IncAndrew PetersonRoyalty PayYes$168,876
Arthur Pete PetersonBrother of AndrWagesNo$49,386
Andrew PetersonBrother of ArthWagesNo$35,370
Arthur Pete PetersonBrother of AndrRoyalty PayNo$8,193
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Nwm Loan$249,000
Officer Payable$21,133
Credit Card$8,715
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 2

(arthur) pete peterson andrew peterson vp president brother

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed at the annual board of directors meeting and approved prior to filing.

Form 990, Page 6, Part VI, Line 12C

Policies regarding conflict of interest are reviewed annually by the boardof directors and eligible individuals are required to sign a disclosurestatement.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request by contacting the organization's local office.

Filing and Contact Details

Filer

Filer Name
The Rabbit Room Inc
EIN
47-5081441
Phone
6158870284
Address
188 FRONT ST STE 116-44, FRANKLIN, TN 37064

Signing Officer

Name
Andrew Peterson
Title
President
Phone
6158870284
Signed
2020-11-16

Organization Details

Principal Officer
Andrew Peterson
Formed
2015
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
30

Preparer

Firm
Moyer & Company LLC
Address
400 MAIN ST STE 210, FRANKLIN, TN 37064
Preparer
Joseph Stevens CPA
Phone
6152248400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's primary objective is to develop a christ-centered community that fosters spiritual formation through music, art, and story, and provide that to the public through events and other media, enabling growth in their faith and relationships.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0643533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0335873
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04048201
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0456842
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0456842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0249000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt121133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NWM LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OFFICER PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0456842
IRS990ScheduleD/TotalLiabilityAmt0278848
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ANDREW PETERSON TOURING INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1ARTHUR PETE PETERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2ANDREW PETERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3ARTHUR PETE PETERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ANDREW PETERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BROTHER OF ANDR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BROTHER OF ARTH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3BROTHER OF ANDR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0168876
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt149386
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt235370
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt38193
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ROYALTY PAY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1WAGES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2WAGES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3ROYALTY PAY
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ANDREW PETERSON TOURING INC. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ANDREW PETERSON, PRESIDENT (D) DESCRIPTION OF TRANSACTION: ROYALTY PAYMENTS (A) NAME OF PERSON: (ARTHUR) PETE PETERSON (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BROTHER OF ANDREW PETERSON, CURRENT OFFICER & PRESIDENT (D) DESCRIPTION OF TRANSACTIONS: ROYALTY PAYMENTS & WAGES (A) NAME OF PERSON: ANDREW PETERSON (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BROTHER OF (ARTHUR) PETE PETERSON, CURRENT OFFICER AND VP (D) DESCRIPTION OF TRANSACTIONS: WAGES
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRIMARY OBJECTIVE IS TO DEVELOP A CHRIST-CENTERED COMMUNITY THAT FOSTERS SPIRITUAL FORMATION THROUGH MUSIC, ART, AND STORY, AND PROVIDE THAT TO THE PUBLIC THROUGH EVENTS AND OTHER MEDIA, ENABLING GROWTH IN THEIR FAITH AND RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1(ARTHUR) PETE PETERSON ANDREW PETERSON VP PRESIDENT BROTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED AT THE ANNUAL BOARD OF DIRECTORS MEETING AND APPROVED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POLICIES REGARDING CONFLICT OF INTEREST ARE REVIEWED ANNUALLY BY THE BOARDOF DIRECTORS AND ELIGIBLE INDIVIDUALS ARE REQUIRED TO SIGN A DISCLOSURESTATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE ORGANIZATION'S LOCAL OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0196635
IRS990/TotalAssetsEOYAmt01053545
IRS990/TotalAssetsGrp/BOYAmt0196635
IRS990/TotalAssetsGrp/EOYAmt01053545
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0650636
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01356133
IRS990/TotalFunctionalExpensesGrp/TotalAmt01356133
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021169
IRS990/TotalLiabilitiesEOYAmt0278890
IRS990/TotalLiabilitiesGrp/BOYAmt021169
IRS990/TotalLiabilitiesGrp/EOYAmt0278890
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0175466
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0774655
IRS990/TotalProgramServiceExpensesAmt01356133
IRS990/TotalProgramServiceRevenueAmt01304686
IRS990/TotalReportableCompFromOrgAmt084756
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01304686
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01955322
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0196635
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01053545
IRS990/TravelGrp/ProgramServicesAmt064951
IRS990/TravelGrp/TotalAmt064951
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0188 FRONT STREET STE 116-44
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037064
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.RABBITROOM.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06158870284
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE RABBIT ROOM INC
ReturnHeader/Filer/BusinessNameControlTxt0RABB
ReturnHeader/Filer/EIN0475081441
ReturnHeader/Filer/PhoneNum06158870284
ReturnHeader/Filer/USAddress/AddressLine1Txt0188 FRONT ST STE 116-44
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037064
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03370824862A80DCC39EED29CD8CF989E4E5ED423
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A30EFB178DB441B1BB57FA4BF028B51F28A14C6C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:45:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471448007
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOYER & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 MAIN ST STE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRANKLIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037064
ReturnHeader/PreparerPersonGrp/PhoneNum06152248400
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH STEVENS CPA
ReturnHeader/ReturnTs02020-11-16T14:45:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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