Civic Intelligence

Masterworks Inc

990EZ • Fiscal year 2018 • EIN 54-1743172

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

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

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

5th percentile

-86%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

78th percentile

$4,323

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

6th percentile

-67%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-69%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$17,455

Down $35,442 (-67%) from 2017

Net Assets

Down

$16,721

Down $34,233 (-67%) from 2017

Liabilities

Down

$734

Down $1,209 (-62%) from 2017

Revenue

Down

$39,718

Down $90,430 (-69%) from 2017

Expenses

Down

$73,951

Down $47,480 (-39%) from 2017

Net Income

Down

-$34,233

Down $42,950 (-493%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$17,455
Liabilities$734
Net Assets$16,721

Operations Trend

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

2018

Revenue$39,718
Expenses$73,951
Net Income-$34,233
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$39,718
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$45,663
Touring dance group, performing dance routinesin church settings & public venues$0$2,145
Operate a theatre school, teaching young students acting and other stage skills$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa MooreBoard MemberPT$4,323-$4,323
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
2019-05-14
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 3575.

Form 990EZ, Part I, Line 16

Credit Card Discounts & Fees 895.

Form 990EZ, Part I, Line 16

Dues & Subscriptions 119.

Form 990EZ, Part I, Line 16

Finance Charges 27.

Form 990EZ, Part I, Line 16

Fund Raising Expenses 1287.

Form 990EZ, Part I, Line 16

Licenses & Permits 25.

Form 990EZ, Part I, Line 16

Office Expenses 89.

Form 990EZ, Part I, Line 16

Production Expenses 6796.

Form 990EZ, Part I, Line 16

Taxes 3352.

Form 990EZ, Part I, Line 16

Touring Expense 2145.

Form 990EZ, Part I, Line 16

Travel 57.

Form 990EZ, Part II, Line 26

Payroll Liabilities 1943. 734.

Raw XML Appendix201 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Virginia Beach
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd023464
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
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IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt016721
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt016721
IRS990EZ/OccupancyRentUtltsAndMaintAmt024968
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
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/OtherExpensesTotalAmt018367
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To stage theatre productions
IRS990EZ/PrintingPublicationsPostageAmt02389
IRS990EZ/ProgramServiceRevenueAmt036488
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 routinesin church settings & public venues
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Operate a theatre school, teaching young students acting and other stage skills
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt045663
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt12145
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt016717
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt02567
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01943
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0734
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt073951
IRS990EZ/TotalProgramServiceExpensesAmt047808
IRS990EZ/TotalRevenueAmt039718
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt051027
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022771
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt018756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013740
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0106944
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt039055
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt079116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt092290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt076085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt080820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0367366
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt026
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0474310
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt039705
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0130143
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0115061
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt094841
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IRS990ScheduleA/Total509Grp/TotalAmt0474310
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0474336
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting 3575.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Credit Card Discounts & Fees 895.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Dues & Subscriptions 119.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Finance Charges 27.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Fund Raising Expenses 1287.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Licenses & Permits 25.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Office Expenses 89.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Production Expenses 6796.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Taxes 3352.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Touring Expense 2145.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Travel 57.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Payroll Liabilities 1943. 734.
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/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Arnora D Hummel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07573669818
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
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/AtSubmissionCreationDeviceId0968BEC0F96758C2200758023C36FC60FAE52E86C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0968BEC0F96758C2200758023C36FC60FAE52E86C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.238.91.44
ReturnHeader/FilingSecurityInformation/IPDt02019-10-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:12:56
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/PreparationDt02019-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas L Potocska CPA
ReturnHeader/ReturnTs02019-10-05T16:12:59-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings