Civic Intelligence

Hulls Angels Inc.

990 • Fiscal year 2019 • EIN 54-1982338

Jan 01, 2019 to Dec 31, 2019 • Filed on May 26, 2020

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

30th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

51st percentile

3.8%

Higher net margin than 51% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$30,055

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

46th percentile

1.8%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$586,669

Up $10,467 (+1.8%) from 2018

Net Assets

Up

$586,249

Up $10,423 (+1.8%) from 2018

Liabilities

Up

$420

Up $44 (+12%) from 2018

Revenue

Up

$271,905

Up $27,452 (+11%) from 2018

Expenses

Up

$261,482

Up $30,289 (+13%) from 2018

Net Income

Down

$10,423

Down $2,837 (-21%) from 2018

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

2019

Assets$586,669
Liabilities$420
Net Assets$586,249

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

2019

Revenue$271,905
Expenses$261,482
Net Income$10,423
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 26, 2020
Return Version
2019v5.1
Gross Receipts
$328,037
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$284,930$266,609▼ $18,321
Savings and Temporary Cash Investments$220,794$229,653▲ $8,859
Cash and Non-Interest-Bearing Accounts$39,189$59,095▲ $19,906
Intangible Assets$20,000$20,000→ $0
Inventories for Sale or Use$8,316$8,316→ $0
Prepaid Expenses and Deferred Charges$2,973$2,996▲ $23
Total Assets$576,202$586,669▲ $10,467
Liabilities
Accounts Payable and Accrued Expenses$376$420▲ $44
Total Liabilities$376$420▲ $44
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$575,826$586,249▲ $10,423
Total Net Assets Fund Balance$575,826$586,249▲ $10,423
Total Liabilities and Net Assets / Fund Balance$576,202$586,669▲ $10,467

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$156,835$136,769$293,604
Buildings$97,505$57,552$155,057
Other Land Buildings$12,269$5,052$17,321
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lauren SummersExecutive DirectorFT$30,055$30,055

Board Members and Trustees

NameTitle
Kevan KavanaughCo-chairman
Mike BellCo-chairman
Cathy Archer-millerDirector
Gina WillsDirector
Mark MckissickDirector
Pete FarnhamDirector
Shana PooleyDirector
Sue RubensteinDirector
Christine ClancyCo-secretary
Liz SchmidtCo-secretary
Chad PleasantInterim Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,144
Program Service Revenue
$157,004
Investment Income
$4,461
Other Revenue
$78,296
All Other Contributions
$27,834
Change in Net Assets
$10,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,722
Salaries, Compensation, and Employee Benefits$82,760
Total Fundraising Expense$10,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,193$1,605-$46,798
Current Officers, Directors, Trustees, and Key Employees$9,017$12,021$9,017$30,055
Depreciation Depletion$24,517--$24,517
Occupancy$13,934$4,645-$18,579
Insurance$7,619--$7,619
Advertising$6,945-$138$7,083
Fees for Services Accounting-$6,000-$6,000
Payroll Taxes$3,999$1,172$736$5,907
Fees for Services Other$4,100$1,500-$5,600
Office Expenses-$4,539-$4,539
Other Expenses$4,553-$950$950
All Other Expenses-$250-$250
Conferences and Meetings-$128-$128
Information Technology-$50-$50
Total Functional Expenses$218,731$31,910$10,841$261,482
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 35% controlled entity
No
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
Chad Pleasant
Title
Interim Treasurer
Phone
5404632618
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Pleasant
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
Lucas Penix
Phone
5404637121
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IRS990/OtherRevenueTotalAmt01163
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01605
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt045193
IRS990/OtherSalariesAndWagesGrp/TotalAmt046798
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0736
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01172
IRS990/PayrollTaxesGrp/ProgramServicesAmt03999
IRS990/PayrollTaxesGrp/TotalAmt05907
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02996
IRS990/PrincipalOfficerNm0CHAD PLEASANT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0157004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0157004
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt045208
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03092
IRS990/PYOtherExpensesAmt0160054
IRS990/PYOtherRevenueAmt069750
IRS990/PYProgramServiceRevenueAmt0126403
IRS990/PYRevenuesLessExpensesAmt013260
IRS990/PYSalariesCompEmpBnftPaidAmt071139
IRS990/PYTotalExpensesAmt0231193
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0244453
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt010423
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05075
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0235300
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0220794
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0229653
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt032144
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt045208
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt040627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt040066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0188086
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09536
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt015437
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05769
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04951
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt040712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0285194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0228143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0225328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0312483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0283477
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01334625
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01163
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01348
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01136
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0280
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0223
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt04150
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09536
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt015437
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04951
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt040712
IRS990ScheduleA/InvestmentIncomeCYPct00.02600
IRS990ScheduleA/InvestmentIncomePYPct00.02300
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0318501
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0274699
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0256505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0353390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0323766
IRS990ScheduleA/Total509Grp/TotalAmt01526861
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0328037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0290136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0262274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0358409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0328717
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01567573
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt097505
IRS990ScheduleD/BuildingsGrp/DepreciationAmt057552
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0155057
IRS990ScheduleD/EquipmentGrp/BookValueAmt0156835
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0136769
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0293604
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012269
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05052
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017321
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0266609
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0576202
IRS990/TotalAssetsEOYAmt0586669
IRS990/TotalAssetsGrp/BOYAmt0576202
IRS990/TotalAssetsGrp/EOYAmt0586669
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt032144
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010841
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031910

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
2019Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $500k-$1M nonprofits