Civic Intelligence

Bay State Performing Arts Inc.

990 • Fiscal year 2017 • EIN 52-1255775

Sep 01, 2016 to Aug 31, 2017 • Filed on Nov 01, 2017

95 Berkeley Street Suite 410Boston, MA 02116

(617) 542-7464

Siviq Scores

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

Liabilities / Assets

88th percentile

0.65x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.21x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

58th percentile

6.7%

Higher net margin than 58% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$109,011

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

98th percentile

264%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

8.8%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$247,292

Up $179,429 (+264%) from 2016

Net Assets

Up

$87,716

Up $49,527 (+130%) from 2016

Liabilities

Up

$159,576

Up $129,902 (+438%) from 2016

Revenue

Up

$742,776

Up $60,261 (+8.8%) from 2016

Expenses

Up

$693,250

Up $17,381 (+2.6%) from 2016

Net Income

Up

$49,526

Up $42,880 (+645%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $55,414Liabilities 2010: $49,446Net Assets 2010: $5,9682010Assets 2011: $60,315Liabilities 2011: $81,510Net Assets 2011: -$21,1952011Assets 2012: $29,224Liabilities 2012: $97,527Net Assets 2012: -$68,3032012Assets 2013: $64,118Liabilities 2013: $97,067Net Assets 2013: -$32,9492013Assets 2014: $86,709Liabilities 2014: $75,806Net Assets 2014: $10,9032014Assets 2015: $80,982Liabilities 2015: $49,439Net Assets 2015: $31,5432015Assets 2016: $67,863Liabilities 2016: $29,674Net Assets 2016: $38,1892016Assets 2017: $247,292Liabilities 2017: $159,576Net Assets 2017: $87,7162017Assets 2018: $146,911Liabilities 2018: $13,122Net Assets 2018: $133,7892018Assets 2019: $192,567Liabilities 2019: $28,726Net Assets 2019: $163,8412019Assets 2020: $431,100Liabilities 2020: $87,111Net Assets 2020: $343,9892020Assets 2021: $651,074Liabilities 2021: $42,015Net Assets 2021: $609,0592021Assets 2022: $718,080Liabilities 2022: $44,103Net Assets 2022: $673,9772022Assets 2023: $682,625Liabilities 2023: $51,135Net Assets 2023: $631,4902023Assets 2024: $746,844Liabilities 2024: $62,991Net Assets 2024: $683,8532024Assets 2025: $837,202Liabilities 2025: $30,990Net Assets 2025: $806,2122025

Highlighted filing

2017

Assets$247,292
Liabilities$159,576
Net Assets$87,716

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $522,3052010Expenses 2011: $537,2812011Expenses 2012: $590,6882012Expenses 2013: $551,6302013Revenue 2014: $602,404Expenses 2014: $558,552Net Income 2014: $43,8522014Revenue 2015: $1,186,444Expenses 2015: $1,165,804Net Income 2015: $20,6402015Revenue 2016: $682,515Expenses 2016: $675,869Net Income 2016: $6,6462016Revenue 2017: $742,776Expenses 2017: $693,250Net Income 2017: $49,5262017Revenue 2018: $1,340,849Expenses 2018: $1,294,776Net Income 2018: $46,0732018Revenue 2019: $803,234Expenses 2019: $773,182Net Income 2019: $30,0522019Revenue 2020: $902,348Expenses 2020: $722,200Net Income 2020: $180,1482020Revenue 2021: $804,650Expenses 2021: $539,580Net Income 2021: $265,0702021Revenue 2022: $1,098,375Expenses 2022: $1,010,597Net Income 2022: $87,7782022Revenue 2023: $1,055,613Expenses 2023: $1,109,383Net Income 2023: -$53,7702023Revenue 2024: $1,119,050Expenses 2024: $1,097,974Net Income 2024: $21,0762024Revenue 2025: $1,029,328Expenses 2025: $939,946Net Income 2025: $89,3822025

Highlighted filing

2017

Revenue$742,776
Expenses$693,250
Net Income$49,526
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$790,798
Mission and Program Overview

Mission

Organization creates musical experiences to inspire change, build community and celebrate difference.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$42,516$84,999▲ $42,483
Cash and Non-Interest-Bearing Accounts$18,160$83,204▲ $65,044
Prepaid Expenses and Deferred Charges$6,085$77,989▲ $71,904
Loans From Officers Directors$21,000$9,000▼ $12,000
Total Assets$67,861$247,292▲ $179,431
Other Assets Total$1,100$1,100→ $0
Liabilities
Deferred Revenue-$145,125-
Accounts Payable and Accrued Expenses$8,671$5,451▼ $3,220
Total Liabilities$29,671$159,576▲ $129,905
Net Assets / Fund Balance
Permanently Rstr Net Assets$40,000$50,000▲ $10,000
Unrestricted Net Assets$-1,810$36,674▲ $38,484
Temporarily Rstr Net Assets-$1,042-
Total Net Assets Fund Balance$38,190$87,716▲ $49,526
Total Liabilities and Net Assets / Fund Balance$67,861$247,292▲ $179,431

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,100--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$40,000$10,000--$50,000
2015$30,000$10,000--$40,000
2014$20,000$10,000--$30,000
2013$10,000$10,000--$20,000
2012-$10,000--$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig CooganExecutive DirectorFT$96,145$12,866$109,011

Board Members and Trustees

NameTitle
Stephen M ConnerPresident
Theresa SmithVice President
David A ShafferDirector
Eric RezsnyckDirector
Frank SutterDirector
Izzy BerdanDirector
Michael J LeclercDirector
Theresa MurrayDirector
Kim FontesFormer Director
Michelle WuFormer Director
Peter LogueFormer Director
Stephen EarheartFormer Director
John BeaudreauClerk
Jeffrey P FatchalineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$237,818
Program Service Revenue
$468,872
Investment Income
$66
Other Revenue
$36,020
All Other Contributions
$237,818
Change in Net Assets
$49,526

Audited Revenue Reconciliation

Revenue per Audited Statements
$742,776
Revenue Not Reported on Form 990
$68,086
Total Revenue per Audited Statements
$810,862
Total Revenue per Form 990
$742,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$423,052
Salaries, Compensation, and Employee Benefits$270,198
Total Fundraising Expense$52,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,016$1,739$11,772$131,527
Advertising$105,980--$105,980
Current Officers, Directors, Trustees, and Key Employees$52,072$22,036$22,036$96,144
Payroll Taxes$16,852$2,356$3,350$22,558
Occupancy$5,548$11,098$5,548$22,194
Other Employee Benefits$14,919$2,085$2,965$19,969
Office Expenses-$11,440-$11,440
Fees for Services Accounting-$11,223-$11,223
Travel$6,157$3,013-$9,170
Insurance-$6,989-$6,989
Information Technology-$6,250-$6,250
Other Expenses$21,959$7,433$3,573$3,573
All Other Expenses$1,417--$1,417
Interest-$487-$487
Total Functional Expenses$553,897$87,069$52,284$693,250

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$761,336
Expenses per Audited Statements$693,250
Total Expenses per Form 990$693,250
Expenses Not Reported on Form 990$68,086
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,795
Fundraising Direct Expenses$48,022
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Encore$119,152$69,795$48,022$21,773
Total Events$119,152$69,795$48,022$21,773
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael SchnyerPartner of Ex DirectorVideo ServicesNo$15,872

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$21,000$9,000▼ $12,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 Form 990 is reviewed by the Executive Director, the Board President and the Treasurer in detail. Comments, if any, are incorporated into the final draft which is then circulated to the full Board.

Conflict of interest policy compliance Part VI line 12C

The policy is part of the annual board orientation training and is in the Board member information folder. Each Board member is required to sign and return a statement confirming they have received and reviewed the policy and disclose any conflicts, if they exist.

CEO executive director top management comp Part VI line 15A

Compensation for the Executive directors salary was recommended to the Board by the personnel committee based on research and comparative salary data obtained from similar local and national organizations.

Other officer or key employee compensation Part VI line 15B

Compensation for other employees is approved by the Board based on the recommendation of the personnel committee.

Governing documents etc available to public Part VI line 19

Governing documents are available upon request. Certain documents are also available via the Secretary of State of Massachusetts website as well as the Massachusetts Attorneys Generals office.

Filing and Contact Details

Filer

Filer Name
Bay State Performing Arts Inc
EIN
52-1255775
Address
95 Berkeley Street Suite 410, Boston, MA 02116
Doing Business As
Boston Gay Mens Chorus

Signing Officer

Name
Stephen M Conner
Title
President
Phone
6175427464
Signed
2017-11-01
Discuss with paid preparer
No

Organization Details

Formed
1982
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
200

Preparer

Firm
Melissa Gilroy CPA
Address
80 Greenacre Rd, Westwood, MA 02090
Preparer
Melissa Gilroy
Phone
7816964019
Supplemental Narrative

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

Event expenses are excluded from revenue in the form 990, however, are shown as gross revenue in the financial statements.

Other expenses not included on Form 990 (Part XII, line 2D)

Event expenses are excluded from revenue in the form 990, however, are shown as gross revenue in the financial statements.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.84$0.03$0.81$1.03$0.94$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.06$0.68$1.12$1.10$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.05$0.63$1.06$1.11$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.67$1.10$1.01$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.04$0.61$0.80$0.54$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.09$0.34$0.90$0.72$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.03$0.16$0.80$0.77$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.13$1.34$1.29$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.16$0.09$0.74$0.69$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.03$0.04$0.68$0.68$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.05$0.03$1.19$1.17$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.08$0.01$0.60$0.56$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.10$0.03$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.10$0.07$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.08$0.02$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.05$0.01$0.52