Civic Intelligence

Stonegate Arts & Education Center

EIN 47-5329503 • 501(c)3 • Bedford, IN

Profile

The mission of stonegate arts & education center is to inspire students, educators and the community in the pursuit of education and the arts; to foster and promote workforce, business and community development within lawrence county, including offering start-up incubator space to developing businesses; to ignite curiosity and excitement through innovative programs; to promote activities in math, science, and technology; and such other and further powers, privileges and responsibilities.

931 15th StreetBedford, IN 47421

www.stonegateeducation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.04x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

29th percentile

-12%

Higher net margin than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

Down

$158,046

Down $34,530 (-18%) from 2023

Liabilities

Down

$6,995

Down $2,062 (-23%) from 2023

Net Assets

Down

$151,051

Down $32,468 (-18%) from 2023

Revenue

Up

$183,278

Up $25,705 (+16%) from 2023

Expenses

Down

$205,516

Down $4,849 (-2.3%) from 2023

Net Income

Up

-$22,238

Up $30,554 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $164,172Liabilities 2016: $6,129Net Assets 2016: $158,0432016Assets 2017: $241,911Liabilities 2017: $3,604Net Assets 2017: $238,3072017Assets 2018: $172,068Liabilities 2018: $9,422Net Assets 2018: $162,6462018Assets 2019: $201,539Liabilities 2019: $1,834Net Assets 2019: $199,7052019Assets 2020: $284,333Liabilities 2020: $5,627Net Assets 2020: $278,7062020Assets 2021: $283,581Liabilities 2021: $8,285Net Assets 2021: $275,2962021Assets 2022: $245,462Liabilities 2022: $9,151Net Assets 2022: $236,3112022Assets 2023: $192,576Liabilities 2023: $9,057Net Assets 2023: $183,5192023Assets 2024: $158,046Liabilities 2024: $6,995Net Assets 2024: $151,0512024

Highlighted filing

2024

Assets$158,046
Liabilities$6,995
Net Assets$151,051

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $232,558Expenses 2016: $167,504Net Income 2016: $65,0542016Revenue 2017: $233,100Expenses 2017: $152,836Net Income 2017: $80,2642017Revenue 2018: $254,035Expenses 2018: $329,696Net Income 2018: -$75,6612018Revenue 2019: $240,358Expenses 2019: $203,299Net Income 2019: $37,0592019Revenue 2020: $244,562Expenses 2020: $165,561Net Income 2020: $79,0012020Revenue 2021: $150,977Expenses 2021: $154,387Net Income 2021: -$3,4102021Revenue 2022: $149,229Expenses 2022: $188,214Net Income 2022: -$38,9852022Revenue 2023: $157,573Expenses 2023: $210,365Net Income 2023: -$52,7922023Revenue 2024: $183,278Expenses 2024: $205,516Net Income 2024: -$22,2382024

Highlighted filing

2024

Revenue$183,278
Expenses$205,516
Net Income-$22,238

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 18, 2025
Return Version
2024v5.0
Gross Receipts
$183,278
Mission and Program Overview

Mission

The mission of stonegate arts & education center is to inspire students, educators and the community in the pursuit of education and the arts; to foster and promote workforce, business and community development within lawrence county, including offering start-up incubator space to developing businesses; to ignite curiosity and excitement through innovative programs; to promote activities in math, science, and technology; and such other and further powers, privileges and responsibilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$163,020$77,923▼ $85,097
Savings and Temporary Cash Investments-$69,163-
Accounts Receivable$18,676$10,960▼ $7,716
Total Assets$192,576$158,046▼ $34,530
Other Assets Total$10,880--
Liabilities
Accounts Payable and Accrued Expenses$3,453$3,560▲ $107
Other Liabilities$5,604$3,435▼ $2,169
Total Liabilities$9,057$6,995▼ $2,062
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$183,519$93,478▼ $90,041
Net Assets With Donor Restrictions-$57,573-
Total Net Assets Fund Balance$183,519$151,051▼ $32,468
Total Liabilities and Net Assets / Fund Balance$192,576$158,046▼ $34,530
Compensation and Service Providers

Board Members and Trustees

NameTitle
Duane EmbreePresident
Anah GoutyDirector
Jessica JonesDirector
Julie HewetsonDirector
Nathan WatsonDirector
Sam CraigDirector
Shawna GirgisDirector
Steve UnderwoodDirector
Stewart RaridenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$123,550
Program Service Revenue
$57,563
Investment Income
$2,000
Other Revenue
$165
All Other Contributions
$73,550
Change in Net Assets
$-22,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$112,365
Other Expenses$93,151
Total Fundraising Expense$7,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$27,124$70,350$6,781$104,255
Occupancy$36,657--$36,657
All Other Expenses$5,290$9,222-$14,512
Payroll Taxes$4,944$2,638$528$8,110
Fees for Services Accounting-$5,980-$5,980
Other Expenses$4,018--$4,018
Insurance$3,212--$3,212
Advertising$900--$900
Fees for Services Other-$827-$827
Payment Travel Entrtnmnt Publicly Ofcl$223--$223
Total Functional Expenses$109,190$89,017$7,309$205,516
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,174
Linda Credit Card$1,261
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Julie hewetson anah gouty director director mother daughter

Form 990, Page 6, Part VI, Line 6

There shall be 3 to 9 seats on the board of directors, including officers.

Form 990, Page 6, Part VI, Line 7A

All voters shall cast a vote for a number of candidates equal to the number of vacancies to be filled until the required number of board members is achieved.

Form 990, Page 6, Part VI, Line 7B

The general management of the affairs shall be vested in the board of directors. They shall have control of the property of the corporation and shall determine its policies with the advice of its various committees, it shall have power to employ necessary staff and other help, authorize expenditures and take all necessary and proper steps to carry out the purposes of this corporation and to promote its best interest.

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

The board was sent an electronic copy of form 990 to review prior to filing.

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

The board of directors implemented the following policies: conflict of interest, records retention and destruction, whistleblower and policy and procedures for reviewing form 990. The board reviews and updates the policies annually or more frequently if needed.

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

Compensation of the executive director and staff is reviewed annually by the budget committee. The committee utilizes industry standards in the review and approval process for payroll.

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

Compensation of the executive director and staff is reviewed annually by the budget committee. The committee utilizes industry standards in the review and approval process for payroll.

Form 990, Page 6, Part VI, Line 19

Documents available by written request.

Filing and Contact Details

Filer

Filer Name
Stonegate Arts & Education Center
EIN
47-5329503
Phone
8122798126
Address
931 15TH STREET, BEDFORD, IN 47421

Signing Officer

Name
Linda Henderson
Title
Executive Director
Phone
8122798126
Signed
2025-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duane Embree
Formed
2015
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
10

Preparer

Firm
Turpen & Deckard LLC
Address
1509 J ST, BEDFORD, IN 47421
Preparer
Debra S Deckard CPA
Phone
8122754444
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of stonegate arts & education center is to inspire students, educators and the community in the pursuit of education and the arts; to foster and promote workforce, business and community development within lawrence county, including offering start-up incubator space to developing businesses; to ignite curiosity and excitement through innovative programs; to promote activities in math, science, and technology; and such other and further powers, privileges and responsibilities.

Form 990, Page 1, Part I, Line 6

Promote the organization throughout the community and serve in leadership roles to expand the programs and improve the facilities.

Form 990, Part XI, Line 9

Transfer balance from growth council 0 adjust prior year restricted -10,230 total -10,230

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 255,839
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt093350
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt082867
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0188000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0566852
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04400
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINDA CREDIT CARD
IRS990ScheduleD/TotalLiabilityAmt03435
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF STONEGATE ARTS & EDUCATION CENTER IS TO INSPIRE STUDENTS, EDUCATORS AND THE COMMUNITY IN THE PURSUIT OF EDUCATION AND THE ARTS; TO FOSTER AND PROMOTE WORKFORCE, BUSINESS AND COMMUNITY DEVELOPMENT WITHIN LAWRENCE COUNTY, INCLUDING OFFERING START-UP INCUBATOR SPACE TO DEVELOPING BUSINESSES; TO IGNITE CURIOSITY AND EXCITEMENT THROUGH INNOVATIVE PROGRAMS; TO PROMOTE ACTIVITIES IN MATH, SCIENCE, AND TECHNOLOGY; AND SUCH OTHER AND FURTHER POWERS, PRIVILEGES AND RESPONSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROMOTE THE ORGANIZATION THROUGHOUT THE COMMUNITY AND SERVE IN LEADERSHIP ROLES TO EXPAND THE PROGRAMS AND IMPROVE THE FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JULIE HEWETSON ANAH GOUTY DIRECTOR DIRECTOR MOTHER DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE SHALL BE 3 TO 9 SEATS ON THE BOARD OF DIRECTORS, INCLUDING OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL VOTERS SHALL CAST A VOTE FOR A NUMBER OF CANDIDATES EQUAL TO THE NUMBER OF VACANCIES TO BE FILLED UNTIL THE REQUIRED NUMBER OF BOARD MEMBERS IS ACHIEVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GENERAL MANAGEMENT OF THE AFFAIRS SHALL BE VESTED IN THE BOARD OF DIRECTORS. THEY SHALL HAVE CONTROL OF THE PROPERTY OF THE CORPORATION AND SHALL DETERMINE ITS POLICIES WITH THE ADVICE OF ITS VARIOUS COMMITTEES, IT SHALL HAVE POWER TO EMPLOY NECESSARY STAFF AND OTHER HELP, AUTHORIZE EXPENDITURES AND TAKE ALL NECESSARY AND PROPER STEPS TO CARRY OUT THE PURPOSES OF THIS CORPORATION AND TO PROMOTE ITS BEST INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD WAS SENT AN ELECTRONIC COPY OF FORM 990 TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS IMPLEMENTED THE FOLLOWING POLICIES: CONFLICT OF INTEREST, RECORDS RETENTION AND DESTRUCTION, WHISTLEBLOWER AND POLICY AND PROCEDURES FOR REVIEWING FORM 990. THE BOARD REVIEWS AND UPDATES THE POLICIES ANNUALLY OR MORE FREQUENTLY IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8COMPENSATION OF THE EXECUTIVE DIRECTOR AND STAFF IS REVIEWED ANNUALLY BY THE BUDGET COMMITTEE. THE COMMITTEE UTILIZES INDUSTRY STANDARDS IN THE REVIEW AND APPROVAL PROCESS FOR PAYROLL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9COMPENSATION OF THE EXECUTIVE DIRECTOR AND STAFF IS REVIEWED ANNUALLY BY THE BUDGET COMMITTEE. THE COMMITTEE UTILIZES INDUSTRY STANDARDS IN THE REVIEW AND APPROVAL PROCESS FOR PAYROLL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DOCUMENTS AVAILABLE BY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TRANSFER BALANCE FROM GROWTH COUNCIL 0 ADJUST PRIOR YEAR RESTRICTED -10,230 TOTAL -10,230
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART XI, LINE 9
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0183278
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IRS990/WebsiteAddressTxt0WWW.STONEGATEEDUCATION.COM
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA HENDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08122798126
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STONEGATE ARTS & EDUCATION CENTER
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463979441
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TURPEN & DECKARD LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01509 J ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEDFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047421
ReturnHeader/PreparerPersonGrp/PhoneNum08122754444
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBRA S DECKARD CPA
ReturnHeader/ReturnTs02025-08-26T16:59:31-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31

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