Civic Intelligence

Festival Center Inc.

990 • Fiscal year 2018 • EIN 52-1499111

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

1640 Columbia Road NWWashington, DC 20009

(202) 328-0072

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

34th percentile

0.04x

Higher debt load relative to revenue than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

82nd percentile

28%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

52nd percentile

1.7%

Faster asset growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-38%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,541,492

Up $57,537 (+1.7%) from 2017

Net Assets

Up

$3,506,876

Up $59,650 (+1.7%) from 2017

Liabilities

Down

$34,616

Down $2,113 (-5.8%) from 2017

Revenue

Down

$886,619

Down $540,901 (-38%) from 2017

Expenses

Down

$642,344

Down $134,814 (-17%) from 2017

Net Income

Down

$244,275

Down $406,087 (-62%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,777,658Liabilities 2010: $80,429Net Assets 2010: $3,697,2292010Assets 2011: $3,510,124Liabilities 2011: $84,845Net Assets 2011: $3,425,2792011Assets 2012: $3,303,739Liabilities 2012: $83,849Net Assets 2012: $3,219,8902012Assets 2013: $3,046,182Liabilities 2013: $74,144Net Assets 2013: $2,972,0382013Assets 2014: $2,946,347Liabilities 2014: $57,933Net Assets 2014: $2,888,4142014Assets 2015: $2,863,473Liabilities 2015: $31,224Net Assets 2015: $2,832,2492015Assets 2016: $2,742,926Liabilities 2016: $24,158Net Assets 2016: $2,718,7682016Assets 2017: $3,483,955Liabilities 2017: $36,729Net Assets 2017: $3,447,2262017Assets 2018: $3,541,492Liabilities 2018: $34,616Net Assets 2018: $3,506,8762018Assets 2019: $4,064,411Liabilities 2019: $70,769Net Assets 2019: $3,993,6422019Assets 2020: $4,216,048Liabilities 2020: $166,254Net Assets 2020: $4,049,7942020Assets 2021: $4,689,826Liabilities 2021: $396,770Net Assets 2021: $4,293,0562021Assets 2022: $7,771,096Liabilities 2022: $3,958,576Net Assets 2022: $3,812,5202022Assets 2023: $8,444,580Liabilities 2023: $4,882,209Net Assets 2023: $3,562,3712023Assets 2024: $8,355,744Liabilities 2024: $4,757,127Net Assets 2024: $3,598,6172024

Highlighted filing

2018

Assets$3,541,492
Liabilities$34,616
Net Assets$3,506,876

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $782,9762010Expenses 2011: $819,6002011Expenses 2012: $785,0302012Revenue 2013: $530,296Expenses 2013: $782,306Net Income 2013: -$252,0102013Revenue 2014: $707,604Expenses 2014: $792,841Net Income 2014: -$85,2372014Revenue 2015: $634,514Expenses 2015: $681,700Net Income 2015: -$47,1862015Revenue 2016: $596,623Expenses 2016: $709,872Net Income 2016: -$113,2492016Revenue 2017: $1,427,520Expenses 2017: $777,158Net Income 2017: $650,3622017Revenue 2018: $886,619Expenses 2018: $642,344Net Income 2018: $244,2752018Revenue 2019: $1,018,346Expenses 2019: $742,487Net Income 2019: $275,8592019Revenue 2020: $626,533Expenses 2020: $753,531Net Income 2020: -$126,9982020Revenue 2021: $1,163,432Expenses 2021: $748,269Net Income 2021: $415,1632021Revenue 2022: $710,575Expenses 2022: $933,394Net Income 2022: -$222,8192022Revenue 2023: $1,468,661Expenses 2023: $1,724,921Net Income 2023: -$256,2602023Revenue 2024: $2,093,603Expenses 2024: $2,063,252Net Income 2024: $30,3512024

Highlighted filing

2018

Revenue$886,619
Expenses$642,344
Net Income$244,275
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$1,892,076
Mission and Program Overview

Mission

Furthering ministries to the inner city poor.

Through hospitality, education, spiritual development, and practice, the festival center serves as a generative source for people to stand against all forms of oppression and to strive for a just world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,178,779$2,105,020▼ $73,759
Investments in Publicly Traded Securities$1,082,942$960,705▼ $122,237
Cash and Non-Interest-Bearing Accounts$196,429$445,837▲ $249,408
Prepaid Expenses and Deferred Charges$12,247$12,858▲ $611
Accounts Receivable$5,318$9,442▲ $4,124
Other Notes and Loans Receivable, Net$6,730$6,730→ $0
Pledges and Grants Receivable$1,510$900▼ $610
Total Assets$3,483,955$3,541,492▲ $57,537
Liabilities
Accounts Payable and Accrued Expenses$36,729$22,201▼ $14,528
Deferred Revenue-$8,506-
Other Liabilities-$3,909-
Total Liabilities$36,729$34,616▼ $2,113
Net Assets / Fund Balance
Unrestricted Net Assets$3,445,716$3,255,976▼ $189,740
Temporarily Rstr Net Assets$1,510$250,900▲ $249,390
Total Net Assets Fund Balance$3,447,226$3,506,876▲ $59,650
Total Liabilities and Net Assets / Fund Balance$3,483,955$3,541,492▲ $57,537

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,445,020$2,395,422$3,840,442
Land$660,000-$660,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sandra MillerBoard Chair
Jim EdmondsVice Chair
Edmund D Cooke JrMember
Matthias MartinMember
Twinette L JohnsonMember
Carol PetrieSecretary
David GarciaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$373,128
Program Service Revenue
$378,748
Investment Income
$130,723
Other Revenue
$4,020
All Other Contributions
$373,128
Change in Net Assets
$244,275

Audited Revenue Reconciliation

Revenue per Audited Statements
$886,619
Revenue Not Reported on Form 990
$-184,625
Total Revenue per Audited Statements
$701,994
Total Revenue per Form 990
$886,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$350,350
Salaries, Compensation, and Employee Benefits$291,994
Total Fundraising Expense$50,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$214,939$9,660$16,905$241,504
Depreciation Depletion$84,373$4,687$4,687$93,747
All Other Expenses$36,384$1,014$12,274$49,672
Other Employee Benefits$27,115$1,219$2,133$30,467
Fees for Services Accounting-$29,463-$29,463
Payroll Taxes$17,820$801$1,402$20,023
Insurance$11,421$513$898$12,832
Other Expenses$7,859$437$437$8,733
Total Functional Expenses$532,976$59,213$50,155$642,344

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$642,344
Total Expenses per Audited Statements$642,344
Total Expenses per Form 990$642,344
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
Security Deposits Payable$3,909
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 7B

Line 7b explanation - organization has periodic board meetings that decisions are made if necessary. A vote is taken and a majority rules approach is done after a lengthy discussion.

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

Line 11a explanation - board reviews the tax return before filing for its approval

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

Board are required to disclose all conflicts of interest whenever they occur and are reminded each year to bear this in mind.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Festival Center Inc
EIN
52-1499111
Phone
2023280072
Address
1640 COLUMBIA ROAD NW, WASHINGTON, DC 20009

Signing Officer

Name
David Garcia
Title
Treasurer
Phone
2023280072
Signed
2019-11-11

Organization Details

Principal Officer
David Garcia
Formed
1986
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
15

Preparer

Firm
FARMER & FIRST PC CPA'S
Address
6 STATE ST, WARREN, RI 02885-3120
Preparer
Robert First CPA
Phone
4012471040
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt039,948
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0326402
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt040611
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0617527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0667939
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 7B EXPLANATION - ORGANIZATION HAS PERIODIC BOARD MEETINGS THAT DECISIONS ARE MADE IF NECESSARY. A VOTE IS TAKEN AND A MAJORITY RULES APPROACH IS DONE AFTER A LENGTHY DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 11A EXPLANATION - BOARD REVIEWS THE TAX RETURN BEFORE FILING FOR ITS APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD ARE REQUIRED TO DISCLOSE ALL CONFLICTS OF INTEREST WHENEVER THEY OCCUR AND ARE REMINDED EACH YEAR TO BEAR THIS IN MIND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt036729
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03447226
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IRS990/TotalProgramServiceExpensesAmt0532976
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IRS990/TotalRevenueGrp/ExclusionAmt040611
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0886619
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/WebsiteAddressTxt0WWW.SLSCHOOL.ORG
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ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID GARCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.36$4.76$3.60$2.09$2.06$0.03
2023Detailed filing. Detailed filing data is available for this year.$8.44$4.88$3.56$1.47$1.72$0.26
2022Detailed filing. Detailed filing data is available for this year.$7.77$3.96$3.81$0.71$0.93$0.22
2021Detailed filing. Detailed filing data is available for this year.$4.69$0.40$4.29$1.16$0.75$0.42
2020Detailed filing. Detailed filing data is available for this year.$4.22$0.17$4.05$0.63$0.75$0.13
2019Detailed filing. Detailed filing data is available for this year.$4.06$0.07$3.99$1.02$0.74$0.28
2018Detailed filing. Detailed filing data is available for this year.$3.54$0.03$3.51$0.89$0.64$0.24
2017Detailed filing. Detailed filing data is available for this year.$3.48$0.04$3.45$1.43$0.78$0.65
2016Detailed filing. Detailed filing data is available for this year.$2.74$0.02$2.72$0.60$0.71$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.86$0.03$2.83$0.63$0.68$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.95$0.06$2.89$0.71$0.79$0.09
2013Detailed filing. Detailed filing data is available for this year.$3.05$0.07$2.97$0.53$0.78$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.08$3.22$0.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.08$3.43$0.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$0.08$3.70$0.78