Civic Intelligence

Masterworks Inc

990EZ • Fiscal year 2016 • EIN 54-1743172

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 22, 2017

Organization ProfileN/A
904 Oak Grove RdChesapeake, VA 23320

(757) 548-4963

Siviq Scores

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

Liabilities / Assets

74th percentile

0.07x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

92nd percentile

107%

Faster asset growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

74th percentile

21%

Faster revenue growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$45,197

Up $23,333 (+107%) from 2015

Net Assets

$42,237

No earlier filing loaded for comparison.

Liabilities

Up

$2,960

Up $2,960 from 2015

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin74th percentile

Revenue

Up

$115,064

Up $20,219 (+21%) from 2015

Expenses

Down

$94,691

Down $17,498 (-16%) from 2015

Net Income

Up

$20,373

Up $37,717 (+217%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$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

2016

Assets$45,197
Liabilities$2,960
Net Assets$42,237
Open 2016 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$115,064
Expenses$94,691
Net Income$20,373
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 22, 2017
Return Version
2016v3.0
Gross Receipts
$115,064
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-$38,409
TOURING DANCE GROUP, PERFORMING DANCE ROUTINES IN CHURCH SETTINGS & PUBLIC VENUES--
OPERATE A THEATRE SCHOOL, TEACHING YOUNG STUDENTS ACTING AND OTHER STAGE SKILLS--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARNORA D HUMMELV. Chairman & Artistic DirectorPT$0--
TIM RICKSBoard MemberPT$0--
MELISSA MOOREBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Masterworks Inc
EIN
54-1743172
Phone
7575484963
Address
904 Oak Grove Rd, Chesapeake, VA 23320

Signing Officer

Name
Arnora D Hummel
Title
Director
Phone
7575484963
Signed
2017-09-22
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990EZ, Part I, Line 16

“Accounting 4463.”

Form 990EZ, Part I, Line 16

“Contributions 500.”

Form 990EZ, Part I, Line 16

“Credit Card Discounts & Fees 2085.”

Form 990EZ, Part I, Line 16

“Licenses & Permits 915.”

Form 990EZ, Part I, Line 16

“Office Expenses 233.”

Form 990EZ, Part I, Line 16

“Production Expenses 7892.”

Form 990EZ, Part I, Line 16

“Supplies 505.”

Form 990EZ, Part I, Line 16

“Taxes - Payroll 4304.”

Form 990EZ, Part I, Line 16

“Travel 6.”

Form 990EZ, Part I, Line 16

“Equipment Rental 395.”

Form 990EZ, Part II, Line 26

“Payroll Liabilities 2960.”

Raw XML Appendix186 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NLPCPAS PC
IRS990EZ/BooksInCareOfDetail/PhoneNum07573669818
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01212 Lake James Dr Ste E
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Virginia Beach
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023464
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt021864
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt045197
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt039120
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt020373
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05327
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt021864
IRS990EZ/Form990TotalAssetsGrp/EOYAmt045197
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0115064
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt03
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt021864
IRS990EZ/NetAssetsOrFundBalancesEOYAmt042237
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt021864
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt042237
IRS990EZ/OccupancyRentUtltsAndMaintAmt021428
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ARNORA D HUMMEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TIM RICKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MELISSA MOORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0V. Chairman & Artistic Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt021298
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To stage theatre productions
IRS990EZ/PrintingPublicationsPostageAmt03366
IRS990EZ/ProgramServiceRevenueAmt075941
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0STAGE TWO ANNUAL THEATRE PRODUCTIONS PER YEAR - ONE DURING THE CHRISTMAS SEASON AND ONE IN THE SPRING
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TOURING DANCE GROUP, PERFORMING DANCE ROUTINES IN CHURCH SETTINGS & PUBLIC VENUES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2OPERATE A THEATRE SCHOOL, TEACHING YOUNG STUDENTS ACTING AND OTHER STAGE SKILLS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt038409
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt043272
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02960
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt094691
IRS990EZ/TotalProgramServiceExpensesAmt038409
IRS990EZ/TotalRevenueAmt0115064
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt022771
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt018756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt013740
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt027107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt040289
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0122663
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt092290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt076085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt080820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0305522
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0428185
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0115061
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt094841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt094560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt069718
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt054005
IRS990ScheduleA/Total509Grp/TotalAmt0428185
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0428195
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting 4463.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Contributions 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Credit Card Discounts & Fees 2085.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Licenses & Permits 915.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Office Expenses 233.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Production Expenses 7892.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Supplies 505.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Taxes - Payroll 4304.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Travel 6.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Equipment Rental 395.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Payroll Liabilities 2960.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARNORA D HUMMEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07575484963
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Masterworks Inc
ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0541743172
ReturnHeader/Filer/PhoneNum07575484963
ReturnHeader/Filer/USAddress/AddressLine1Txt0904 Oak Grove Rd
ReturnHeader/Filer/USAddress/CityNm0Chesapeake
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023320
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05B61C7355A80B1D3B2ACF6786F26E4CCEDD30540
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01B007A0C71254BF3CB10B94A5D14E21385FA166A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.238.91.44
ReturnHeader/FilingSecurityInformation/IPDt02017-10-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm006:41:06
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NLP CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01212 LAKE JAMES DR STE E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VIRGINIA BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0234646779
ReturnHeader/PreparerPersonGrp/PhoneNum07573669818
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICHOLAS POTOCSKA CPA
ReturnHeader/ReturnTs02017-10-06T06:41:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,197
Liabilities
$2,960
Net assets
$42,237
Revenue
$115,064
Expenses
$94,691
Net income
$20,373
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$0.39$0.46$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.17$0.40$0.74$0.34
2017Detailed filing. Detailed filing data is available for this year.$0.53$0.02$0.51$1.30$1.21$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.03$0.42$1.15$0.95$0.20
2015Summary only. Only limited summary data is available for this year.$0.22$0.00$0.95$1.12$0.17
2014Summary only. Only limited summary data is available for this year.$0.39$0.00$0.95$0.80$0.15
2013Summary only. Only limited summary data is available for this year.$0.24$0.00$0.70$0.63$0.06