Civic Intelligence

Chesapeake Bay Events Inc

990 • Fiscal year 2017 • EIN 52-2077001

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

10420 Three Doctors RoadDunkirk, MD 20754-9308

(410) 991-5174

Siviq Scores

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

Liabilities / Assets

96th percentile

1.45x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

1.79x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

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

Asset Growth

91st percentile

61%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

82nd percentile

39%

Faster revenue growth than 82% of similar nonprofits.

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

Assets

Up

$136,600

Up $51,816 (+61%) from 2016

Net Assets

Up

-$61,042

Up $50,354 (+45%) from 2016

Liabilities

Up

$197,642

Up $1,462 (+0.7%) from 2016

Revenue

Up

$110,663

Up $31,001 (+39%) from 2016

Expenses

Up

$60,309

Up $7,802 (+15%) from 2016

Net Income

Up

$50,354

Up $23,199 (+85%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2010: $5,474Liabilities 2010: $186,557Net Assets 2010: -$181,0832010Assets 2011: $12,046Liabilities 2011: $186,557Net Assets 2011: -$174,5112011Assets 2012: $18,503Liabilities 2012: $191,557Net Assets 2012: -$173,0542012Assets 2013: $15,160Liabilities 2013: $170,557Net Assets 2013: -$155,3972013Assets 2014: $66,768Liabilities 2014: $334,832Net Assets 2014: -$268,0642014Assets 2015: $10,006Liabilities 2015: $148,557Net Assets 2015: -$138,5512015Assets 2016: $84,784Liabilities 2016: $196,180Net Assets 2016: -$111,3962016Assets 2017: $136,600Liabilities 2017: $197,642Net Assets 2017: -$61,0422017Assets 2018: $772Liabilities 2018: $59,557Net Assets 2018: -$58,7852018Assets 2019: $73,539Liabilities 2019: $145,7352019Assets 2020: $93,117Liabilities 2020: $171,110Net Assets 2020: -$77,9932020Assets 2022: $28,988Liabilities 2022: $71,124Net Assets 2022: -$42,1362022

Highlighted filing

2017

Assets$136,600
Liabilities$197,642
Net Assets-$61,042

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $62,959Expenses 2010: $57,973Net Income 2010: $4,9862010Expenses 2011: $67,8822011Expenses 2012: $57,1032012Revenue 2013: $110,914Expenses 2013: $93,257Net Income 2013: $17,6572013Revenue 2014: -$84,697Expenses 2014: $27,970Net Income 2014: -$112,6672014Revenue 2015: $219,336Expenses 2015: $89,823Net Income 2015: $129,5132015Revenue 2016: $79,662Expenses 2016: $52,507Net Income 2016: $27,1552016Revenue 2017: $110,663Expenses 2017: $60,309Net Income 2017: $50,3542017Revenue 2018: $43,757Expenses 2018: $41,500Net Income 2018: $2,2572018Revenue 2019: $0Expenses 2019: $13,410Net Income 2019: -$13,4102019Revenue 2020: $203Expenses 2020: $6,000Net Income 2020: -$5,7972020Revenue 2022: $565,754Expenses 2022: $514,504Net Income 2022: $51,2502022

Highlighted filing

2017

Revenue$110,663
Expenses$60,309
Net Income$50,354
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$523,161
Mission and Program Overview

Mission

To raise funds to support selected local and national charities.

Host annual festival concerts to raise funds to support selected local charities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,784$136,600▲ $51,816
Loans From Officers Directors$112,557$57,557▼ $55,000
Total Assets$84,784$136,600▲ $51,816
Liabilities
Deferred Revenue$83,623$140,085▲ $56,462
Total Liabilities$196,180$197,642▲ $1,462
Net Assets / Fund Balance
Total Net Assets Fund Balance$-111,396$-61,042▲ $50,354
Total Liabilities and Net Assets / Fund Balance$84,784$136,600▲ $51,816
Compensation and Service Providers

Board Members and Trustees

NameTitle
Don HookerPresident
Sarah PetskaVP/secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,884
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-41,221
Change in Net Assets
$50,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$412,498
Total Revenue per Audited Statements
$523,161
Total Revenue per Form 990
$110,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,696
Grants and Similar Amounts Paid$21,613
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,613--$21,613
Fees for Services Accounting-$3,837-$3,837
All Other Expenses-$2,737-$2,737
Other Expenses-$1,918-$1,918
Office Expenses-$419-$419
Fees for Services Other-$193-$193
Total Functional Expenses$21,613$38,696$0$60,309

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Special Love IncWinchester, VA501(c)3Support the Work of the Organization.$10,000
We Care and FriendsAnnapolis, MD501(c)3Support the Work of the Organization.$10,000
Annapolis JrotcAnnapolis, MD501(c)3Support the Work of the Organization.$800
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$412,498
Fundraising Gross Income$371,277
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Southern Maryland Blues Festival--$9,013-
Total Events--$412,498$-412,498
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$112,557$57,557▼ $55,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
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 2

Don hooker, president and sarah petska, vp/sec/treas are father/daughter

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

The organization's governing body reviews the 990 as prepared by the cpa firm. Any questions or comments are discussed and understood before the return is filed.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990, governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Chesapeake Bay Events Inc
EIN
52-2077001
Phone
4109915174
Address
10420 THREE DOCTORS ROAD, DUNKIRK, MD 20754-9308

Signing Officer

Name
Don Hooker
Title
President
Phone
4109915174
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Hooker
Formed
1998
Legal Domicile
Md
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
200

Preparer

Firm
Lombardo Wagner Ayers & Company LLC
Address
201 DEFENSE HIGHWAY SUITE 260, ANNAPOLIS, MD 21401
Preparer
Andrew R Lombardo CPA Cva
Phone
4102634201
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization follows the accounting for uncertainty in income taxes topic of fasb accounting standards codification which clarifies the accounting and recognition of income tax positions taken or expected to be taken in the organization's income tax returns. In evaluating the organization's tax provisions and accruals, management considers future taxable income, the reversal of temporary differences, interpretations, and tax planning strategies. The organization believes their estimates are appropriate based on current facts and circumstances. The organization's tax returns are subject to audit by their respective taxing authorities for the prior three years. There was no impact to the organization's financial statements as a result of this implementation.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising revenue included in gross income on sch g 412,498.

Raw XML Appendix371 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES TOPIC OF FASB ACCOUNTING STANDARDS CODIFICATION WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S INCOME TAX RETURNS. IN EVALUATING THE ORGANIZATION'S TAX PROVISIONS AND ACCRUALS, MANAGEMENT CONSIDERS FUTURE TAXABLE INCOME, THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS, AND TAX PLANNING STRATEGIES. THE ORGANIZATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO AUDIT BY THEIR RESPECTIVE TAXING AUTHORITIES FOR THE PRIOR THREE YEARS. THERE WAS NO IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS AS A RESULT OF THIS IMPLEMENTATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING REVENUE INCLUDED IN GROSS INCOME ON SCH G 412,498.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WE CARE AND FRIENDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SPECIAL LOVE INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ANNAPOLIS JROTC
IRS990ScheduleI/RecipientTable/RecipientEIN0521963092
IRS990ScheduleI/RecipientTable/RecipientEIN1541218130
IRS990ScheduleI/RecipientTable/RecipientEIN2010741003
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt092 W WASHINGTON ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1117 YOUTH DEVELOPMENT CT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22700 RIVA ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ANNAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WINCHESTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ANNAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd021401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd122602
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd221401
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt057557
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO ENABLE THE CORPORATION TO HAVE FUNDS AVAILABLE FOR THE ANNUAL EVENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0286557
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DON HOOKER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT OF BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt057557
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DON HOOKER, PRESIDENT AND SARAH PETSKA, VP/SEC/TREAS ARE FATHER/DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING BODY REVIEWS THE 990 AS PREPARED BY THE CPA FIRM. ANY QUESTIONS OR COMMENTS ARE DISCUSSED AND UNDERSTOOD BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FORM 990, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt084784
IRS990/TotalAssetsEOYAmt0136600
IRS990/TotalAssetsGrp/BOYAmt084784
IRS990/TotalAssetsGrp/EOYAmt0136600
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0151884
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038696
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021613
IRS990/TotalFunctionalExpensesGrp/TotalAmt060309
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0196180
IRS990/TotalLiabilitiesEOYAmt0197642
IRS990/TotalLiabilitiesGrp/BOYAmt0196180
IRS990/TotalLiabilitiesGrp/EOYAmt0197642
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-111396
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-61042
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt021613
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-41221
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110663
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084784
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0136600
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010420 THREE DOCTORS ROAD
IRS990/USAddress/CityNm0DUNKIRK
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd0207549308
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.BAYBLUES.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DON HOOKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04109915174
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHESAPEAKE BAY EVENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0CHES
ReturnHeader/Filer/EIN0522077001
ReturnHeader/Filer/PhoneNum04109915174
ReturnHeader/Filer/USAddress/AddressLine1Txt010420 THREE DOCTORS ROAD
ReturnHeader/Filer/USAddress/CityNm0DUNKIRK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd0207549308
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId025FF527942DA394F472B5E04DED5CEC9AF7935D1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AD0D197D5D244DE5A4E91A95AF15CAF9AB1F43DA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.34.172.52
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:39:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271260124
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOMBARDO WAGNER AYERS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 DEFENSE HIGHWAY SUITE 260
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANNAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021401
ReturnHeader/PreparerPersonGrp/PhoneNum04102634201
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW R LOMBARDO CPA CVA
ReturnHeader/ReturnTs02018-11-15T11:39:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.71$0.42$5.66$5.15$0.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$1.71$0.78$0.00$0.06$0.06
2019Summary only. Only limited summary data is available for this year.$0.74$1.46$0.00$0.13$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.60$0.59$0.44$0.42$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.37$1.98$0.61$1.11$0.60$0.50
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$1.96$1.11$0.80$0.53$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.10$1.49$1.39$2.19$0.90$1.30
2014Detailed filing. Detailed filing data is available for this year.$0.67$3.35$2.68$0.85$0.28$1.13
2013Detailed filing. Detailed filing data is available for this year.$0.15$1.71$1.55$1.11$0.93$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$1.92$1.73$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$1.87$1.75$0.68
2010Summary only. Only limited summary data is available for this year.$0.05$1.87$1.81$0.63$0.58$0.05