Civic Intelligence

Masterworks Inc

EIN 54-1743172 • 501(c)3 • Chesapeake, VA

Profile

To stage theatre productions

904 Oak Grove RdChesapeake, VA 23320

n/A

Siviq Scores

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

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.03x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

25th percentile

-17%

Higher net margin than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$2,400

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

24th percentile

-35%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

52nd percentile

-0.9%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$11,301

Down $6,154 (-35%) from 2018

Liabilities

Up

$1,152

Up $418 (+57%) from 2018

Net Assets

Down

$10,149

Down $6,572 (-39%) from 2018

Revenue

Down

$39,357

Down $361 (-0.9%) from 2018

Expenses

Down

$45,929

Down $28,022 (-38%) from 2018

Net Income

Up

-$6,572

Up $27,661 (+81%) from 2018

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2013: $24,218Liabilities 2013: $02013Assets 2014: $39,208Liabilities 2014: $02014Assets 2015: $21,864Liabilities 2015: $02015Assets 2016: $45,197Liabilities 2016: $2,960Net Assets 2016: $42,2372016Assets 2017: $52,897Liabilities 2017: $1,943Net Assets 2017: $50,9542017Assets 2018: $17,455Liabilities 2018: $734Net Assets 2018: $16,7212018Assets 2019: $11,301Liabilities 2019: $1,152Net Assets 2019: $10,1492019

Highlighted filing

2019

Assets$11,301
Liabilities$1,152
Net Assets$10,149

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2013: $69,719Expenses 2013: $63,343Net Income 2013: $6,3762013Revenue 2014: $94,563Expenses 2014: $79,573Net Income 2014: $14,9902014Revenue 2015: $94,845Expenses 2015: $112,189Net Income 2015: -$17,3442015Revenue 2016: $115,064Expenses 2016: $94,691Net Income 2016: $20,3732016Revenue 2017: $130,148Expenses 2017: $121,431Net Income 2017: $8,7172017Revenue 2018: $39,718Expenses 2018: $73,951Net Income 2018: -$34,2332018Revenue 2019: $39,357Expenses 2019: $45,929Net Income 2019: -$6,5722019

Highlighted filing

2019

Revenue$39,357
Expenses$45,929
Net Income-$6,572

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 13, 2020
Return Version
2019v5.1
Gross Receipts
$39,357
Mission and Program Overview

Mission

To stage theatre productions

Program Services

DescriptionGrantsExpenses
Stage two annual theatre productions per year- one during the Christmas season and one in the spring$0$29,567
Touring dance group, performing dance routinesin church settings & public venues$0$300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa MooreBoard MemberPT$2,400-$2,400
Arnora D HummelV. Chairman & Artistic DirectorPT$0--
Tim RicksBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Masterworks Inc
EIN
54-1743172
Phone
7573669818
Address
904 Oak Grove Rd, Chesapeake, VA 23320

Signing Officer

Name
Melissa Moore
Title
Director
Phone
7573669818
Signed
2020-07-13
Discuss with paid preparer
Yes

Preparer

Firm
NLP CPAs PC
Address
1212 LAKE JAMES DR STE E, VIRGINIA BEACH, VA 23464-6779
Preparer
Nicholas L Potocska CPA
Phone
7573669818
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

Accounting 3800.

Form 990EZ, Part I, Line 16

Credit Card Discounts & Fees 1205.

Form 990EZ, Part I, Line 16

Dues & Subscriptions 119.

Form 990EZ, Part I, Line 16

Finance Charges 0.

Form 990EZ, Part I, Line 16

Legal Fees 250.

Form 990EZ, Part I, Line 16

Licenses & Permits 217.

Form 990EZ, Part I, Line 16

Office Expenses 234.

Form 990EZ, Part I, Line 16

Production Expenses 8448.

Form 990EZ, Part I, Line 16

Taxes 695.

Form 990EZ, Part I, Line 16

Touring Expense 300.

Form 990EZ, Part I, Line 16

Travel 530.

Form 990EZ, Part II, Line 26

Payroll Liabilities 734.

Raw XML Appendix198 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting 3800.
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Melissa Moore
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07573669818
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-13
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ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0541743172
ReturnHeader/Filer/PhoneNum07573669818
ReturnHeader/Filer/USAddress/AddressLine1Txt0904 Oak Grove Rd
ReturnHeader/Filer/USAddress/CityNm0Chesapeake
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ReturnHeader/FilingSecurityInformation/IPTm007:15:35
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NLP CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01212 LAKE JAMES DR STE E
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ReturnHeader/PreparerPersonGrp/PhoneNum07573669818
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas L Potocska CPA
ReturnHeader/ReturnTs02020-10-09T07:15:48-07:00
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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