Civic Intelligence

Stonegate Arts & Education Center Inc.

990 • Fiscal year 2017 • EIN 47-5329503

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 01, 2018

405 I StreetBedford, IN 47421

(812) 279-8126

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.02x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

83rd percentile

47%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

0.2%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$241,911

Up $77,739 (+47%) from 2016

Net Assets

Up

$238,307

Up $80,264 (+51%) from 2016

Liabilities

Down

$3,604

Down $2,525 (-41%) from 2016

Revenue

Up

$233,100

Up $542 (+0.2%) from 2016

Expenses

Down

$152,836

Down $14,668 (-8.8%) from 2016

Net Income

Up

$80,264

Up $15,210 (+23%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$241,911
Liabilities$3,604
Net Assets$238,307

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$233,100
Expenses$152,836
Net Income$80,264
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 1, 2018
Return Version
2017v2.2
Gross Receipts
$233,100
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$158,332$238,327▲ $79,995
Land, Buildings, and Equipment, Net$5,840$3,584▼ $2,256
Total Assets$164,172$241,911▲ $77,739
Liabilities
Other Liabilities$1,700$2,505▲ $805
Accounts Payable and Accrued Expenses$4,429$1,099▼ $3,330
Total Liabilities$6,129$3,604▼ $2,525
Net Assets / Fund Balance
Unrestricted Net Assets$158,043$238,307▲ $80,264
Total Net Assets Fund Balance$158,043$238,307▲ $80,264
Total Liabilities and Net Assets / Fund Balance$164,172$241,911▲ $77,739

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,584$3,214-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jamie BlackwellPresident
Brian BlackwellDirector
Everett SouthernDirector
Shawna GirgisDirector
Gary ConnerSecretary
Nathan NikirkTreasurer
Julie HewetsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$178,000
Program Service Revenue
$55,100
Investment Income
$0
Other Revenue
$0
All Other Contributions
$18,000
Change in Net Assets
$80,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,189
Salaries, Compensation, and Employee Benefits$65,647
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,313$5,000-$60,313
Occupancy$41,626--$41,626
Payroll Taxes$4,951$383-$5,334
Fees for Services Accounting-$4,800-$4,800
All Other Expenses$1,200$2,813-$4,013
Other Expenses$5,675$3,062-$3,062
Depreciation Depletion$2,256--$2,256
Insurance$2,138--$2,138
Payment Travel Entrtnmnt Publicly Ofcl$1,863--$1,863
Travel-$1,359-$1,359
Advertising$1,100--$1,100
Fees for Services Other-$142-$142
Total Functional Expenses$135,277$17,559$0$152,836
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$1,450
Gene Credit Card$630
Susan Credit Card$425
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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

Brian blackwell jamie blackwell director president spouse

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
405 I STREET, BEDFORD, IN 47421

Signing Officer

Name
Eugene Mccracken
Title
Executive Director
Phone
8122798126
Signed
2018-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene Mccracken
Formed
2015
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
4
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

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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03584
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03214
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt06798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1GENE CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SUSAN CREDIT CARD
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03584
IRS990ScheduleD/TotalLiabilityAmt02505
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt2BRIAN BLACKWELL JAMIE BLACKWELL DIRECTOR PRESIDENT SPOUSE
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
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017559
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135277
IRS990/TotalFunctionalExpensesGrp/TotalAmt0152836
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06129
IRS990/TotalLiabilitiesEOYAmt03604
IRS990/TotalLiabilitiesGrp/BOYAmt06129
IRS990/TotalLiabilitiesGrp/EOYAmt03604
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0158043
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0238307
IRS990/TotalProgramServiceExpensesAmt0135277
IRS990/TotalProgramServiceRevenueAmt055100
IRS990/TotalRevenueGrp/ExclusionAmt055100
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233100
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0164172
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0241911
IRS990/TravelGrp/ManagementAndGeneralAmt01359
IRS990/TravelGrp/TotalAmt01359
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0158043
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0238307
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0310 HILL DRIVE
IRS990/USAddress/CityNm0BEDFORD
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047421
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.STONEGATEEDUCATION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EUGENE MCCRACKEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08122798126
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STONEGATE ARTS & EDUCATION CENTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0STON
ReturnHeader/Filer/EIN0475329503
ReturnHeader/Filer/PhoneNum08122798126
ReturnHeader/Filer/USAddress/AddressLine1Txt0405 I STREET
ReturnHeader/Filer/USAddress/CityNm0BEDFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047421
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02E30C34C23FC928CE6527A5FD889EDB09BC60595
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00E008D22335C8037B6CA3E6951A2BEEDE5BC3940
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-03-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm017:01:13
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/PreparationDt02018-03-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBRA S DECKARD CPA
ReturnHeader/ReturnTs02018-03-08T18:01:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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