Civic Intelligence

Masterworks Inc

990EZ • Fiscal year 2017 • EIN 54-1743172

Jan 01, 2017 to Dec 31, 2017 • Filed on May 12, 2018

Organization ProfileN/A
904 Oak Grove RdChesapeake, VA 23320

(757) 366-9818

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

57th percentile

6.7%

Higher net margin than 57% of similar nonprofits.

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

Top Officer Pay

78th percentile

$4,226

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

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

Asset Growth

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

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

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$52,897

Up $7,700 (+17%) from 2016

Net Assets

Up

$50,954

Up $8,717 (+21%) from 2016

Liabilities

Down

$1,943

Down $1,017 (-34%) from 2016

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin57th percentile

Revenue

Up

$130,148

Up $15,084 (+13%) from 2016

Expenses

Up

$121,431

Up $26,740 (+28%) from 2016

Net Income

Down

$8,717

Down $11,656 (-57%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2017

Assets$52,897
Liabilities$1,943
Net Assets$50,954
Open 2017 Filing

Operations Trend

Revenue Growth66th 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

2017

Revenue$130,148
Expenses$121,431
Net Income$8,717
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 12, 2018
Return Version
2017v2.2
Gross Receipts
$130,148
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-$58,191
TOURING DANCE GROUP, PERFORMING DANCE ROUTINES IN CHURCH SETTINGS & PUBLIC VENUES-$4,464
OPERATE A THEATRE SCHOOL, TEACHING YOUNG STUDENTS ACTING AND OTHER STAGE SKILLS--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MELISSA MOOREBoard MemberPT$4,226-$4,226
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
Arnora D Hummel
Title
Director
Phone
7573669818
Signed
2018-05-12
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 4100.”

Form 990EZ, Part I, Line 16

“Contributions 200.”

Form 990EZ, Part I, Line 16

“Credit Card Discounts & Fees 1455.”

Form 990EZ, Part I, Line 16

“Fund Raising Expenses 3083.”

Form 990EZ, Part I, Line 16

“Legal Fees 1224.”

Form 990EZ, Part I, Line 16

“Licenses & Permits 25.”

Form 990EZ, Part I, Line 16

“Office Expenses 0.”

Form 990EZ, Part I, Line 16

“Production Expenses 8709.”

Form 990EZ, Part I, Line 16

“Supplies 467.”

Form 990EZ, Part I, Line 16

“Taxes - Payroll 2839.”

Form 990EZ, Part I, Line 16

“Travel 8890.”

Form 990EZ, Part II, Line 26

“Payroll Liabilities 2960. 1943.”

Raw XML Appendix185 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/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/BOYAmt045197
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt052897
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt051027
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt08717
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt014311
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt045197
IRS990EZ/Form990TotalAssetsGrp/EOYAmt052897
IRS990EZ/FundraisingGrossIncomeAmt07220
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0130148
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt05
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt042237
IRS990EZ/NetAssetsOrFundBalancesEOYAmt050954
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt042237
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt050954
IRS990EZ/OccupancyRentUtltsAndMaintAmt030942
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt24226
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/OtherExpensesTotalAmt030992
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To stage theatre productions
IRS990EZ/PrintingPublicationsPostageAmt08694
IRS990EZ/ProgramServiceRevenueAmt071896
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/ProgramServiceExpensesAmt058191
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt14464
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt036492
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt07220
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02960
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01943
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0121431
IRS990EZ/TotalProgramServiceExpensesAmt062655
IRS990EZ/TotalRevenueAmt0130148
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt051027
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt022771
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt018756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt013740
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0133401
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt079116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt092290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt076085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt080820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt042611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0370922
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0504323
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0130143
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0115061
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt094841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt094560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt069718
IRS990ScheduleA/Total509Grp/TotalAmt0504323
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0504338
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting 4100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Contributions 200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Credit Card Discounts & Fees 1455.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Fund Raising Expenses 3083.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Legal Fees 1224.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Licenses & Permits 25.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Office Expenses 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Production Expenses 8709.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Supplies 467.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Taxes - Payroll 2839.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Travel 8890.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Payroll Liabilities 2960. 1943.
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 I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARNORA D HUMMEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07573669818
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Masterworks Inc
ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0541743172
ReturnHeader/Filer/PhoneNum07573669818
ReturnHeader/Filer/USAddress/AddressLine1Txt0904 Oak Grove Rd
ReturnHeader/Filer/USAddress/CityNm0Chesapeake
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023320
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09447C0D076942991681A0A82289B8DFFC49359A5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01B007A0C71254BF3CB10B94A5D14E21385FA166A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.238.91.44
ReturnHeader/FilingSecurityInformation/IPDt02018-09-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:46:15
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/PreparationDt02018-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICHOLAS POTOCSKA CPA
ReturnHeader/ReturnTs02018-09-13T15:46:20-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,897
Liabilities
$1,943
Net assets
$50,954
Revenue
$130,148
Expenses
$121,431
Net income
$8,717
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