Civic Intelligence

Hulls Angels Inc.

990 • Fiscal year 2018 • EIN 54-1982338

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

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

29th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

55th percentile

5.4%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$21,725

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

52nd percentile

2.4%

Faster asset growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-6.8%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$576,202

Up $13,322 (+2.4%) from 2017

Net Assets

Up

$575,826

Up $13,260 (+2.4%) from 2017

Liabilities

Up

$376

Up $62 (+20%) from 2017

Revenue

Down

$244,453

Down $17,821 (-6.8%) from 2017

Expenses

Down

$231,193

Down $32,373 (-12%) from 2017

Net Income

Up

$13,260

Up $14,552 (+1126%) from 2017

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

2018

Assets$576,202
Liabilities$376
Net Assets$575,826

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

2018

Revenue$244,453
Expenses$231,193
Net Income$13,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 1, 2019
Return Version
2018v3.1
Gross Receipts
$290,136
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$286,632$284,930▼ $1,702
Savings and Temporary Cash Investments$217,692$220,794▲ $3,102
Cash and Non-Interest-Bearing Accounts$27,272$39,189▲ $11,917
Intangible Assets$20,000$20,000→ $0
Inventories for Sale or Use$8,316$8,316→ $0
Prepaid Expenses and Deferred Charges$2,968$2,973▲ $5
Total Assets$562,880$576,202▲ $13,322
Liabilities
Accounts Payable and Accrued Expenses$314$376▲ $62
Total Liabilities$314$376▲ $62
Net Assets / Fund Balance
Unrestricted Net Assets$562,566$575,826▲ $13,260
Total Net Assets Fund Balance$562,566$575,826▲ $13,260
Total Liabilities and Net Assets / Fund Balance$562,880$576,202▲ $13,322

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$284,930$174,856$459,786
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lauren SummersExecutive DirectorFT$21,725$21,725

Board Members and Trustees

NameTitle
Jonathan TarrisCo-chair
Mike BellCo-chair
Cathy Archer-millerDirector
Eric SheffieldDirector
Gina WillsDirector
Justin NapierDirector
Kevan KavanaughDirector
Sue RubensteinDirector
Christine ClancyCo-secretary
Patte WoodCo-secretary
Kayla ForesmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,208
Program Service Revenue
$126,403
Investment Income
$3,092
Other Revenue
$69,750
All Other Contributions
$42,138
Change in Net Assets
$13,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,054
Salaries, Compensation, and Employee Benefits$71,139
Total Fundraising Expense$3,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$21,785$21,725-$43,510
Depreciation Depletion$25,814--$25,814
Other Salaries and Wages$22,414--$22,414
Occupancy$16,221$854-$17,075
Advertising$6,151$768$769$7,688
Insurance$7,065--$7,065
Fees for Services Accounting-$6,410-$6,410
Payroll Taxes$3,553$1,662-$5,215
Fees for Services Other$3,228$1,975-$5,203
Office Expenses-$4,306-$4,306
Other Expenses$4,008$442$1,114$1,556
All Other Expenses--$1,520$1,520
Information Technology$168$20$21$209
Total Functional Expenses$189,607$38,162$3,424$231,193
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
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
Kayla Foresman
Title
Treasurer
Phone
5404632618
Signed
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kayla Foresman
Formed
2000
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

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/PrincipalOfficerNm0KAYLA FORESMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0126403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0126403
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt030041
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01724
IRS990/PYOtherExpensesAmt0187314
IRS990/PYOtherRevenueAmt085486
IRS990/PYProgramServiceRevenueAmt0145023
IRS990/PYRevenuesLessExpensesAmt0-1292
IRS990/PYSalariesCompEmpBnftPaidAmt076252
IRS990/PYTotalExpensesAmt0263566
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0262274
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt013260
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt012345
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0196153
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0217692
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0220794
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt045208
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt030041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt040627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt040066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt036268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0192210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015437
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05769
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04951
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03760
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt034936
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0228143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0225328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0312483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0283477
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0238075
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01287506
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01348
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01136
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0280
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0223
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0183
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015437
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04951
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt034936
IRS990ScheduleA/InvestmentIncomeCYPct00.02300
IRS990ScheduleA/InvestmentIncomePYPct00.01560
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97700
IRS990ScheduleA/PublicSupportPY509Pct00.98440
IRS990ScheduleA/PublicSupportTotal509Amt01482886
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0274699
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0256505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0353390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0323766
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0274526
IRS990ScheduleA/Total509Grp/TotalAmt01482886
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0290136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0262274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0358409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0328717
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0278286
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01517822
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0284930
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0174856
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0459786
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0284930
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0562880
IRS990/TotalAssetsEOYAmt0576202
IRS990/TotalAssetsGrp/BOYAmt0562880
IRS990/TotalAssetsGrp/EOYAmt0576202
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt045208
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03424
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038162
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189607
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0314
IRS990/TotalLiabilitiesEOYAmt0376
IRS990/TotalLiabilitiesGrp/BOYAmt0314
IRS990/TotalLiabilitiesGrp/EOYAmt0376
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0562566
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0575826
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0189607
IRS990/TotalProgramServiceRevenueAmt0126403
IRS990/TotalReportableCompFromOrgAmt021725

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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
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.24$0.23$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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