Civic Intelligence

The Rabbit Room Inc

990 • Fiscal year 2023 • EIN 47-5081441

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

3321 Stephens Hill LaneAntioch, TN 37013

(615) 390-7083

Siviq Scores

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

Liabilities / Assets

65th percentile

0.17x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.22x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$79,788

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

13th percentile

-9.8%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-10.0%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,160,066

Down $235,606 (-9.8%) from 2022

Net Assets

Down

$1,783,051

Down $251,690 (-12%) from 2022

Liabilities

Up

$377,015

Up $16,084 (+4.5%) from 2022

Revenue

Down

$1,687,826

Down $187,208 (-10.0%) from 2022

Expenses

Up

$1,901,897

Up $284,791 (+18%) from 2022

Net Income

Down

-$214,071

Down $471,999 (-183%) from 2022

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

2023

Assets$2,160,066
Liabilities$377,015
Net Assets$1,783,051

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

2023

Revenue$1,687,826
Expenses$1,901,897
Net Income-$214,071
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$2,911,531
Mission and Program Overview

Mission

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

The rabbit room cultivates and curates story, music, and art that nourishes christ-centered communities for the life of the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$923,754$886,553▼ $37,201
Cash and Non-Interest-Bearing Accounts$604,487$555,191▼ $49,296
Inventories for Sale or Use$412,675$471,502▲ $58,827
Pledges and Grants Receivable$283,359$245,740▼ $37,619
Savings and Temporary Cash Investments$157,081--
Accounts Receivable$14,316$1,080▼ $13,236
Total Assets$2,395,672$2,160,066▼ $235,606
Liabilities
Accounts Payable and Accrued Expenses$360,931$377,015▲ $16,084
Total Liabilities$360,931$377,015▲ $16,084
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,594,300$1,400,224▼ $194,076
Net Assets With Donor Restrictions$440,441$382,827▼ $57,614
Total Net Assets Fund Balance$2,034,741$1,783,051▼ $251,690
Total Liabilities and Net Assets / Fund Balance$2,395,672$2,160,066▼ $235,606

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$832,541$67,341$899,882
Equipment$54,012$42,409$96,421
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Arthur Pete PetersonVice PresideFT$79,788$79,788
Dave BrunoExecutive DiFT$50,202$50,202
Andrew PetersonPresidentPT$41,500$41,500

Board Members and Trustees

NameTitle
Steve GuthrieChairman
Buddy GreeneDirector
Santosh JohnDirector
Scott AndersonDirector
Christie BraggSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Brentwood PublishingPrinting & Ship321 BILLINGSLY CT STE 11, Franklin, TN 37067$610,996
Doug MckelveyRoyalties3205 SANTA SOFIA WAY, Spring Hill, TN 37174$518,459
Warehousing & Fulfillment SpecialistShipping1501 COUNTY HOSPITAL ROAD, Nashville, TN 37218$184,540
Andrew Peterson Touring CoRoyalties135 5TH AVE S, Franklin, TN 37064$170,601
UspsShipping & Post525 ROYAL PKWY, Nashville, TN 37229$155,469
Revenue and Support

Revenue Composition

Contributions and Grants
$512,769
Program Service Revenue
$200,442
Investment Income
$0
Other Revenue
$974,615
All Other Contributions
$155,430
Change in Net Assets
$-214,071

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,687,826
Total Revenue per Audited Statements
$1,687,826
Total Revenue per Form 990
$1,687,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,256,485
Salaries, Compensation, and Employee Benefits$645,412
Total Fundraising Expense$26,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$303,539$118,537-$422,076
Current Officers, Directors, Trustees, and Key Employees$63,830$107,660-$171,490
Fees for Services Other$63,140$54,050$7,350$124,540
Advertising$103,514$10,551-$114,065
Office Expenses$58,531$44,840$2,722$106,093
Conferences and Meetings$96,820$1,281$7,413$105,514
Payroll Taxes$28,402$17,487-$45,889
Other Expenses$13,418$27,072$3,406$43,896
Depreciation Depletion$22,497$14,704-$37,201
Travel$29,707$4,067-$33,774
Occupancy$26,645--$26,645
Information Technology$23,159--$23,159
Fees for Services Accounting-$14,405-$14,405
All Other Expenses$7$4,573$4,869$9,449
Insurance-$6,847-$6,847
Other Employee Benefits-$5,957-$5,957
Fees for Services Legal-$5,250-$5,250
Total Functional Expenses$1,426,860$448,901$26,136$1,901,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,939,516
Expenses per Audited Statements$1,901,897
Total Expenses per Form 990$1,901,897
Expenses Not Reported on Form 990$37,619
International Activity

International Summary

Employees
5
Spending
$86,841

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe - United KingdomProgram ServiceHutchmoot Conference-5$86,841
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
Carly AndersonOfficer/boardRoyaltiesNo$170,601
-Family MemberEmploymentNo$31,250
-Officer/boardManagementNo$22,452
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 vice presid. President brothers christie bragg andrew peterson secretary president business relationship

Form 990, Page 6, Part VI, Line 8B

The organization does not have committees with the authority to act on behalf of the governing body. N/a

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

Form 990 is reviewed by the board of directors prior to filing.

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

Policies regarding conflict of interest are reviewed annually by the board of directors and eligible individuals are required to sign a disclosure statement.

Form 990, Page 6, Part VI, Line 15A

Compensation of the executive director is reviewed by the full board of directors and voted on by the board.

Form 990, Page 6, Part VI, Line 19

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

Form 990, Part VIII

Line 1b - membership dues the organization offers memberships to customers. These memberships offer opportunities to contribute to the organization on a monthly or annual basis. The membership fee is comprised of a contribution with nominal perks offered throughout the year to its members. Accordingly, membership fees are recognized in full at time of receipt.

Filing and Contact Details

Filer

Filer Name
The Rabbit Room
EIN
47-5081441
Phone
6153907083
Address
3321 STEPHENS HILL LANE, ANTIOCH, TN 37013

Signing Officer

Name
Arthur Pete Peterson
Title
Vice President
Phone
7608075004
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur Pete Peterson
Formed
2016
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
5
Employees
20
Volunteers
40

Preparer

Firm
Blankenship CPA Group Pllc
Address
2672 NORTH MT JULIET RD, MT JULIET, TN 37122-8015
Preparer
Steven D Warren CPA
Phone
6158891153
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Provide christ-centered music, art, & literature media to the general public to further the awareness and purpose of the organization. At these events merchandise is sold to further the organization's mission.

Financial Statement Notes

Schedule D, Page 3, Part X

Income taxes the organization is a not-for-profit organization, exempt from federal income tax under section 501(c)(3) of the internal revenue code, and none of its present or anticipated future activities are subject to taxation as unrelated business income. Therefore, no provisions for income taxes have been made in the accompanying financial statements. The organization is subject to routine audits by taxing jurisdictions of 2021 to the present; however, there are currently no audits for any tax periods in progress.

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IRS990/MissionDesc0THE RABBIT ROOM CULTIVATES AND CURATES STORY, MUSIC, AND ART THAT NOURISHES CHRIST-CENTERED COMMUNITIES FOR THE LIFE OF THE WORLD.
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IRS990/PrincipalOfficerNm0ARTHUR PETE PETERSON
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IRS990/ProgSrvcAccomActy2Grp/Desc0HUTCHMOOT HUTCHMOOT IS ONE OF THE MANY EXPRESSIONS OF THE RABBIT ROOM'S MISSION TO CULTIVATE AND CURATE STORY, MUSIC, AND ART TO NOURISH CHRIST-CENTERED COMMUNITIES FOR THE LIFE OF THE WORLD. AT HUTCHMOOT, OVER 400 ATTENDEES, SPEAKERS, AND STAFF GATHER FOR THREE DAYS OF EXPERTLY CURATED SESSIONS, CONCERTS, ARTISTIC EXCHANGE, DELICIOUS FOOD, AND MEMORABLE CONVERSATIONS ON ART, FAITH, AND THE COMPELLING BEAUTY OF THE KINGDOM OF GOD.
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IRS990/ProgSrvcAccomActy3Grp/Desc0NORTH WIND MANOR HOME TO THE RABBIT ROOM AND A DESTINATION FOR THOSE WHO APPRECIATE GOOD STORIES, MUSIC, FOOD, AND ART, NORTH WIND MANOR IS A 150-YEAR-OLD FARMHOUSE RENOVATED TO BE A SPACE OF FELLOWSHIP AND INSPIRATION. THE NAME DERIVES FROM GEORGE MACDONALD'S AT THE BACK OF THE NORTH WIND. THE MANOR IS FILLED WITH BOOKS, COMFORTABLE CHAIRS, BEAUTIFUL ART, AND MANY SMALL DELIGHTS TO BE DISCOVERED BY THOSE WHO VISIT. J. R. R. TOLKIEN'S FIREPLACE IS EVEN NESTLED BETWEEN THE SHELVES IN THE LIBRARY. ON CHILLY WINTER DAYS, VISITORS CAN GATHER AROUND ITS CRACKLING WARMTH TO TALK AND DRINK, OR JUST COZY UP WITH A GOOD BOOK.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0133474
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE CHRIST-CENTERED MUSIC, ART, & LITERATURE MEDIA TO THE GENERAL PUBLIC TO FURTHER THE AWARENESS AND PURPOSE OF THE ORGANIZATION. AT THESE EVENTS MERCHANDISE IS SOLD TO FURTHER THE ORGANIZATION'S MISSION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION, EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND NONE OF ITS PRESENT OR ANTICIPATED FUTURE ACTIVITIES ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISIONS FOR INCOME TAXES HAVE BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS OF 2021 TO THE PRESENT; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE - UNITED KINGDOM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0HUTCHMOOT CONFERENCE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICE

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