Civic Intelligence

Concert Artists of Baltimore Inc

EIN 52-1498329 • 501(c)3 • Baltimore, MD

Profile

Music education and entertainment

1114 St Paul StreetBaltimore, MD 21202

www.cabmusic.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.68x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

43rd percentile

-0.8%

Higher net margin than 43% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

26th percentile

-31%

Faster asset growth than 26% of similar nonprofits.

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

Revenue Growth

29th percentile

-26%

Faster revenue growth than 29% of similar nonprofits.

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

Assets

Down

$29,509

Down $13,376 (-31%) from 2016

Liabilities

Down

$49,592

Down $10,063 (-17%) from 2016

Net Assets

Down

-$20,083

Down $3,313 (-20%) from 2016

Revenue

Down

$433,206

Down $155,609 (-26%) from 2016

Expenses

Down

$436,519

Down $89,453 (-17%) from 2016

Net Income

Down

-$3,313

Down $66,156 (-105%) from 2016

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0-$50K-$100KAssets 2011: $40,406Liabilities 2011: $28,420Net Assets 2011: $11,9862011Assets 2012: $88,689Liabilities 2012: $45,054Net Assets 2012: $43,6352012Assets 2013: $24,402Liabilities 2013: $50,818Net Assets 2013: -$26,4162013Assets 2014: $60,050Liabilities 2014: $105,240Net Assets 2014: -$45,1902014Assets 2015: $32,743Liabilities 2015: $112,356Net Assets 2015: -$79,6132015Assets 2016: $42,885Liabilities 2016: $59,655Net Assets 2016: -$16,7702016Assets 2017: $29,509Liabilities 2017: $49,592Net Assets 2017: -$20,0832017

Highlighted filing

2017

Assets$29,509
Liabilities$49,592
Net Assets-$20,083

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $367,5782011Expenses 2012: $508,2272012Expenses 2013: $468,3982013Revenue 2014: $386,171Expenses 2014: $400,012Net Income 2014: -$13,8412014Revenue 2015: $354,331Expenses 2015: $388,754Net Income 2015: -$34,4232015Revenue 2016: $588,815Expenses 2016: $525,972Net Income 2016: $62,8432016Revenue 2017: $433,206Expenses 2017: $436,519Net Income 2017: -$3,3132017

Highlighted filing

2017

Revenue$433,206
Expenses$436,519
Net Income-$3,313

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 10, 2018
Return Version
2016v3.0
Gross Receipts
$433,206
Mission and Program Overview

Mission

Music education and entertainment

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,838$28,645▼ $12,193
Savings and Temporary Cash Investments$786$0▼ $786
Prepaid Expenses and Deferred Charges$600$600→ $0
Land, Buildings, and Equipment, Net$661$264▼ $397
Total Assets$42,885$29,509▼ $13,376
Liabilities
Unsecured Notes Loans Payable$49,805$48,500▼ $1,305
Accounts Payable and Accrued Expenses$9,850$1,092▼ $8,758
Total Liabilities$59,655$49,592▼ $10,063
Net Assets / Fund Balance
Permanently Rstr Net Assets$6,250$6,250→ $0
Unrestricted Net Assets$-23,020$-26,333▼ $3,313
Total Net Assets Fund Balance$-16,770$-20,083▼ $3,313
Total Liabilities and Net Assets / Fund Balance$42,885$29,509▼ $13,376

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$264$3,506$3,770
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$281,559
Program Service Revenue
$149,605
Investment Income
$2,042
Other Revenue
$0
All Other Contributions
$246,213
Change in Net Assets
$-3,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$433,206
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$433,206
Total Revenue per Form 990
$433,206
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$286,950
Other Expenses$149,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$246,675$36,672-$283,347
Occupancy$30,321$7,200-$37,521
Fees for Services Accounting-$22,421-$22,421
Advertising$14,689--$14,689
All Other Expenses$5,184$9,499-$14,683
Other Expenses$940$8,241-$9,181
Office Expenses-$6,825-$6,825
Payroll Taxes-$3,603-$3,603
Insurance-$2,381-$2,381
Interest-$1,709-$1,709
Depreciation Depletion$397--$397
Fees for Services Legal-$125-$125
Total Functional Expenses$337,843$98,676$0$436,519

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$436,519
Total Expenses per Audited Statements$436,519
Total Expenses per Form 990$436,519
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have committees established with authority to act on behalf of the governing body, also known as the board of directors.

Form 990, Part VI, Section B, Line 11B

A board member reviews the financial statements and the form 990 before it is filed with regulatory agencies.

Form 990, Part VI, Section B, Line 15A

The board of directors approves the salary of the executive director.

Form 990, Part VI, Section C, Line 18

The financial statements and any other governing documentation regarding this organization are available to the public by request.

Form 990, Part VI, Section C, Line 19

The financial statements and any other governing documentation regarding this organization are available to the public by request.

Filing and Contact Details

Filer

Filer Name
Concert Artists of Baltimore Inc
EIN
52-1498329
Phone
4106253525
Address
1114 ST PAUL STREET, BALTIMORE, MD 21202

Signing Officer

Name
Barry F Williams
Title
President
Phone
4106253525
Signed
2018-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry F Williams
Formed
1987
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
12

Preparer

Firm
Gary R Bozel & Associates Pa
Address
501 WASHINGTON AVE ST 300, TOWSON, MD 21204-4536
Preparer
Fredric R Smith CPA
Phone
4105837900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant.

Financial Statement Notes

PART III, LINE 1A AND LINE 4:

In accordance with industry practice, the organization's collection of sheet music, compact discs, and other music media are not capitalized and recognized as assets in the statements of financial position. The organization holds its collections for public exhibition and education rather than for financial gain. Each of the items is catalogued, and activities verifying their existence and assessing their condition are performed continuously. The organization protects, cares for, preserves, and keeps its collections unencumbered, subject to a policy that requires proceeds from sales of sheet music and compact discs to be used to purchase additional music materials. Additionally, the organization has not assigned values to the collection because it must have an appraiser to value the amounts based upon age, artist, and media type to determine an objective basis for valuation.

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IRS990ScheduleA/PublicSupportTotal509Amt02157396
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0433206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0588812
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0354293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0382738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0398347
IRS990ScheduleA/Total509Grp/TotalAmt02157396
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0433206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0588815
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0354331
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0386171
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0398347
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02160870
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0436519
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0264
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03506
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03770
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0433206
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH INDUSTRY PRACTICE, THE ORGANIZATION'S COLLECTION OF SHEET MUSIC, COMPACT DISCS, AND OTHER MUSIC MEDIA ARE NOT CAPITALIZED AND RECOGNIZED AS ASSETS IN THE STATEMENTS OF FINANCIAL POSITION. THE ORGANIZATION HOLDS ITS COLLECTIONS FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FOR FINANCIAL GAIN. EACH OF THE ITEMS IS CATALOGUED, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE ORGANIZATION PROTECTS, CARES FOR, PRESERVES, AND KEEPS ITS COLLECTIONS UNENCUMBERED, SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM SALES OF SHEET MUSIC AND COMPACT DISCS TO BE USED TO PURCHASE ADDITIONAL MUSIC MATERIALS. ADDITIONALLY, THE ORGANIZATION HAS NOT ASSIGNED VALUES TO THE COLLECTION BECAUSE IT MUST HAVE AN APPRAISER TO VALUE THE AMOUNTS BASED UPON AGE, ARTIST, AND MEDIA TYPE TO DETERMINE AN OBJECTIVE BASIS FOR VALUATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A AND LINE 4:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0436519
IRS990ScheduleD/TotalRevenuePerForm990Amt0433206
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0433206
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0436519
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES ESTABLISHED WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY, ALSO KNOWN AS THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A BOARD MEMBER REVIEWS THE FINANCIAL STATEMENTS AND THE FORM 990 BEFORE IT IS FILED WITH REGULATORY AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVES THE SALARY OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS AND ANY OTHER GOVERNING DOCUMENTATION REGARDING THIS ORGANIZATION ARE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIAL STATEMENTS AND ANY OTHER GOVERNING DOCUMENTATION REGARDING THIS ORGANIZATION ARE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt042885
IRS990/TotalAssetsEOYAmt029509
IRS990/TotalAssetsGrp/BOYAmt042885
IRS990/TotalAssetsGrp/EOYAmt029509
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0281559
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098676
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337843
IRS990/TotalFunctionalExpensesGrp/TotalAmt0436519
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt059655
IRS990/TotalLiabilitiesEOYAmt049592
IRS990/TotalLiabilitiesGrp/BOYAmt059655
IRS990/TotalLiabilitiesGrp/EOYAmt049592
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-16770
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-20083
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0337843
IRS990/TotalProgramServiceRevenueAmt0149605
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0151647
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0433206
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042885
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029509
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-23020
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-26333
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt049805
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt048500
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01114 ST PAUL STREET
IRS990/USAddress/CityNm0BALTIMORE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021202
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.CABMUSIC.ORG
IRS990/WhistleblowerPolicyInd00

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