Civic Intelligence

Hulls Angels Inc.

990 • Fiscal year 2017 • EIN 54-1982338

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 22, 2018

P O Box 1Lexington, VA 24450

(540) 463-2618

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Higher debt load relative to assets than 28% of similar nonprofits.

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

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

37th percentile

-0.5%

Higher net margin than 37% of similar nonprofits.

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

Top Officer Pay

56th percentile

$27,964

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

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

Asset Growth

38th percentile

-0.3%

Faster asset growth than 38% of similar nonprofits.

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

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

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

Assets

Down

$562,880

Down $1,737 (-0.3%) from 2016

Net Assets

Down

$562,566

Down $1,292 (-0.2%) from 2016

Liabilities

Down

$314

Down $445 (-59%) from 2016

Revenue

Down

$262,274

Down $96,135 (-27%) from 2016

Expenses

Down

$263,566

Down $41,055 (-13%) from 2016

Net Income

Down

-$1,292

Down $55,080 (-102%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $344,969Liabilities 2011: $5,112Net Assets 2011: $339,8572011Assets 2012: $378,873Liabilities 2012: $2,026Net Assets 2012: $376,8472012Assets 2013: $396,166Liabilities 2013: $155Net Assets 2013: $396,0112013Assets 2014: $453,012Liabilities 2014: $4,234Net Assets 2014: $448,7782014Assets 2015: $510,593Liabilities 2015: $523Net Assets 2015: $510,0702015Assets 2016: $564,617Liabilities 2016: $759Net Assets 2016: $563,8582016Assets 2017: $562,880Liabilities 2017: $314Net Assets 2017: $562,5662017Assets 2018: $576,202Liabilities 2018: $376Net Assets 2018: $575,8262018Assets 2019: $586,669Liabilities 2019: $420Net Assets 2019: $586,2492019Assets 2020: $591,886Liabilities 2020: $2,932Net Assets 2020: $588,9542020Assets 2021: $1,008,105Liabilities 2021: $97,068Net Assets 2021: $911,0372021Assets 2022: $1,010,009Liabilities 2022: $76,667Net Assets 2022: $933,3422022Assets 2023: $1,025,286Liabilities 2023: $56,667Net Assets 2023: $968,6192023Assets 2024: $993,774Liabilities 2024: $36,776Net Assets 2024: $956,9982024

Highlighted filing

2017

Assets$562,880
Liabilities$314
Net Assets$562,566

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $224,100Expenses 2011: $183,976Net Income 2011: $40,1242011Revenue 2012: $185,390Expenses 2012: $148,400Net Income 2012: $36,9902012Revenue 2013: $275,553Expenses 2013: $256,389Net Income 2013: $19,1642013Revenue 2014: $278,286Expenses 2014: $225,519Net Income 2014: $52,7672014Revenue 2015: $328,717Expenses 2015: $267,425Net Income 2015: $61,2922015Revenue 2016: $358,409Expenses 2016: $304,621Net Income 2016: $53,7882016Revenue 2017: $262,274Expenses 2017: $263,566Net Income 2017: -$1,2922017Revenue 2018: $244,453Expenses 2018: $231,193Net Income 2018: $13,2602018Revenue 2019: $271,905Expenses 2019: $261,482Net Income 2019: $10,4232019Revenue 2020: $213,681Expenses 2020: $210,976Net Income 2020: $2,7052020Revenue 2021: $638,952Expenses 2021: $316,869Net Income 2021: $322,0832021Revenue 2022: $328,322Expenses 2022: $306,017Net Income 2022: $22,3052022Revenue 2023: $347,994Expenses 2023: $312,717Net Income 2023: $35,2772023Revenue 2024: $359,458Expenses 2024: $371,079Net Income 2024: -$11,6212024

Highlighted filing

2017

Revenue$262,274
Expenses$263,566
Net Income-$1,292
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 22, 2018
Return Version
2017v2.3
Gross Receipts
$321,951
Mission and Program Overview

Mission

To preserve the drive-in theater in lexington, virignia and provide affordable family entertainment in a historical drive-in theater for a small, rural community.

To preserve the drive-in theater in lexington, virginia and provide affordable family entertainment in a historical drive-in theater for a small, rural community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$277,879$286,632▲ $8,753
Savings and Temporary Cash Investments$240,968$217,692▼ $23,276
Cash and Non-Interest-Bearing Accounts$20,898$27,272▲ $6,374
Intangible Assets$20,000$20,000→ $0
Inventories for Sale or Use$2,196$8,316▲ $6,120
Prepaid Expenses and Deferred Charges$2,676$2,968▲ $292
Total Assets$564,617$562,880▼ $1,737
Liabilities
Other Liabilities$759$314▼ $445
Total Liabilities$759$314▼ $445
Net Assets / Fund Balance
Unrestricted Net Assets$563,858$562,566▼ $1,292
Total Net Assets Fund Balance$563,858$562,566▼ $1,292
Total Liabilities and Net Assets / Fund Balance$564,617$562,880▼ $1,737

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$166,163$97,038$263,201
Buildings$87,774$22,053$109,827
Leasehold Improvements$32,695$29,951$62,646
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeremy ReterPast Executive DirectorFT$27,964$27,964
Wendy OrrisonActing Executive DirectorFT$5,155$5,155

Board Members and Trustees

NameTitle
Mike BellCo-chair
Skylar BeaverCo-chair
Eric SeamanDirector
Eric SheffieldDirector
Jordan McnabbDirector
Katrina KoszcukDirector
Suzanne GardnerDirector
Christine ClancyCo-secretary
Patte WoodCo-secretary
Dan WalzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,041
Program Service Revenue
$145,023
Investment Income
$1,724
Other Revenue
$85,486
All Other Contributions
$26,003
Change in Net Assets
$-1,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,314
Salaries, Compensation, and Employee Benefits$76,252
Total Fundraising Expense$6,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,660--$37,660
Current Officers, Directors, Trustees, and Key Employees$26,497$3,311$3,311$33,119
Depreciation Depletion$22,183--$22,183
Occupancy$19,233$1,012-$20,245
Advertising$7,211$901$901$9,013
Insurance$7,444--$7,444
Fees for Services Other$3,742$1,850-$5,592
Payroll Taxes$4,925$274$274$5,473
Fees for Services Accounting-$5,250-$5,250
Office Expenses-$3,124-$3,124
Other Expenses$12,692$2,690-$2,690
All Other Expenses--$2,203$2,203
Information Technology$1,028$128$128$1,284
Total Functional Expenses$238,209$18,540$6,817$263,566
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$314
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 6

The organization has one class of members

Form 990, Part VI, Section A, Line 7A

The members elect the governing body

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

Board members are provided with a copy of the tax return to review and discuss prior to filing

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy established by board of directors and reviewed annually.

Form 990, Part VI, Section C, Line 19

Form 990 is available to the public on the web at guidestar.org. Hard copy of all required material is made available on request.

Filing and Contact Details

Filer

Filer Name
Hulls Angels Inc
EIN
54-1982338
Phone
5404632618
Address
P O BOX 1, LEXINGTON, VA 24450

Signing Officer

Name
Dan Walz
Title
Treasurer
Phone
5404632618
Signed
2018-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Walz
Formed
2000
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
21
Volunteers
39

Preparer

Firm
Raetz & Hawkins Pc Cpas
Address
128 SOUTH RANDOLPH STREET, LEXINGTON, VA 24450-0916
Preparer
David B Hawkins
Phone
5404637121
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0876
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1237
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt223
IRS990/OtherRevenueTotalAmt01136
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037660
IRS990/OtherSalariesAndWagesGrp/TotalAmt037660
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0274
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0274
IRS990/PayrollTaxesGrp/ProgramServicesAmt04925
IRS990/PayrollTaxesGrp/TotalAmt05473
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02676
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02968
IRS990/PrincipalOfficerNm0DAN WALZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0145023
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0145023
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt040627
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01009
IRS990/PYOtherExpensesAmt0218765
IRS990/PYOtherRevenueAmt0111959
IRS990/PYProgramServiceRevenueAmt0204814
IRS990/PYRevenuesLessExpensesAmt053788
IRS990/PYSalariesCompEmpBnftPaidAmt085856
IRS990/PYTotalExpensesAmt0304621
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0358409
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1292
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt04045
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0230509
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0240968
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0217692
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt030041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt040066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt036268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025772
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0172774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05769
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04951
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03760
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03944
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt023443
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0225328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0312483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0283477
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0238075
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0245400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01304763
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01136
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0280
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0223
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0183
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0437
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt02259
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04951
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03944
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt023443
IRS990ScheduleA/InvestmentIncomeCYPct00.01560
IRS990ScheduleA/InvestmentIncomePYPct00.01680
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98440
IRS990ScheduleA/PublicSupportPY509Pct00.98320
IRS990ScheduleA/PublicSupportTotal509Amt01479796
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0256505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0353390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0323766
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0274526
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0271609
IRS990ScheduleA/Total509Grp/TotalAmt01479796
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0262274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0358409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0328717
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0278286
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0275553
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01503239
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt087774
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022053
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0109827
IRS990ScheduleD/EquipmentGrp/BookValueAmt0166163
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097038
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0263201
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt032695
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt029951
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt062646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0286632
IRS990ScheduleD/TotalLiabilityAmt0314
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ONE CLASS OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE TAX RETURN TO REVIEW AND DISCUSS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY ESTABLISHED BY BOARD OF DIRECTORS AND REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS AVAILABLE TO THE PUBLIC ON THE WEB AT GUIDESTAR.ORG. HARD COPY OF ALL REQUIRED MATERIAL IS MADE AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0564617
IRS990/TotalAssetsEOYAmt0562880
IRS990/TotalAssetsGrp/BOYAmt0564617
IRS990/TotalAssetsGrp/EOYAmt0562880
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.04$0.96$0.36$0.37$0.01
2023Summary only. Only limited summary data is available for this year.$1.03$0.06$0.97$0.35$0.31$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.08$0.93$0.33$0.31$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.10$0.91$0.64$0.32$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$0.21$0.21$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$0.27$0.26$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.00$0.58$0.24$0.23$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.26$0.26$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.00$0.56$0.36$0.30$0.05
2015Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.33$0.27$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.28$0.23$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.28$0.26$0.02
2012Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.19$0.15$0.04
2011Summary only. Only limited summary data is available for this year.$0.34$0.01$0.34$0.22$0.18$0.04