Civic Intelligence

Hulls Angels Inc.

990 • Fiscal year 2020 • EIN 54-1982338

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

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

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

40th percentile

1.3%

Higher net margin than 40% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

57th percentile

$23,923

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

36th percentile

0.9%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-21%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$591,886

Up $5,217 (+0.9%) from 2019

Net Assets

Up

$588,954

Up $2,705 (+0.5%) from 2019

Liabilities

Up

$2,932

Up $2,512 (+598%) from 2019

Revenue

Down

$213,681

Down $58,224 (-21%) from 2019

Expenses

Down

$210,976

Down $50,506 (-19%) from 2019

Net Income

Down

$2,705

Down $7,718 (-74%) from 2019

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

2020

Assets$591,886
Liabilities$2,932
Net Assets$588,954

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

2020

Revenue$213,681
Expenses$210,976
Net Income$2,705
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.1
Gross Receipts
$241,250
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$266,609$253,124▼ $13,485
Savings and Temporary Cash Investments$229,653$229,516▼ $137
Cash and Non-Interest-Bearing Accounts$59,095$63,263▲ $4,168
Intangible Assets$20,000$20,000→ $0
Prepaid Expenses and Deferred Charges$2,996$15,967▲ $12,971
Inventories for Sale or Use$8,316$8,316→ $0
Accounts Receivable-$700-
Total Assets$586,669$591,886▲ $5,217
Other Assets Total$0$1,000▲ $1,000
Liabilities
Accounts Payable and Accrued Expenses$420$2,932▲ $2,512
Total Liabilities$420$2,932▲ $2,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$586,249$588,954▲ $2,705
Total Net Assets Fund Balance$586,249$588,954▲ $2,705
Total Liabilities and Net Assets / Fund Balance$586,669$591,886▲ $5,217

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$139,551$154,053$293,604
Buildings$90,481$64,576$155,057
Other Land Buildings$23,092$6,207$29,299
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lauren SummersExecutive DirectorFT$23,923$23,923

Board Members and Trustees

NameTitle
Kevan KavanaughCo-chairman
Sue RubensteinCo-chairman
Chad PleasantDirector
Gina WillsDirector
Mark MckissickDirector
Pete FarnhamDirector
Robbie RiceDirector
Sekena WilsonDirector
Liz SchmidtCo-secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$28,888
Program Service Revenue
$130,972
Investment Income
$5,250
Other Revenue
$48,571
All Other Contributions
$22,733
Change in Net Assets
$2,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,914
Salaries, Compensation, and Employee Benefits$81,062
Total Fundraising Expense$8,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$48,245$3,250-$51,495
Depreciation Depletion$25,463--$25,463
Current Officers, Directors, Trustees, and Key Employees$7,177$9,569$7,177$23,923
Occupancy$13,861$4,620-$18,481
Fees for Services Other$10,657$1,200-$11,857
Insurance$7,704--$7,704
Fees for Services Accounting-$6,050-$6,050
Payroll Taxes$4,108$985$551$5,644
Advertising$5,394--$5,394
Office Expenses-$3,001-$3,001
Other Expenses$5,080-$917$917
All Other Expenses-$732-$732
Information Technology-$50-$50
Total Functional Expenses$172,874$29,457$8,645$210,976
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
Sekena Wilson
Title
Treasurer
Phone
5404632618
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sekena Wilson
Formed
2000
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
19
Volunteers
0

Preparer

Firm
Raetz & Hawkins Pc Cpas
Address
128 SOUTH RANDOLPH STREET, LEXINGTON, VA 24450-0916
Preparer
Lucas C Penix
Phone
5404637121
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04461
IRS990/PYOtherExpensesAmt0178722
IRS990/PYOtherRevenueAmt078296
IRS990/PYProgramServiceRevenueAmt0157004
IRS990/PYRevenuesLessExpensesAmt010423
IRS990/PYSalariesCompEmpBnftPaidAmt082760
IRS990/PYTotalExpensesAmt0261482
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0271905
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02705
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt013745
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0179543
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0229653
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0229516
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt028888
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt032144
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt045208
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt030041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt040627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0176908
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt018995
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09536
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015437
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05769
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05019
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt054756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0193287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0285194
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0228143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0225328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0312483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01244435
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt080
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01163
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01348
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt01136
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0280
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt04007
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018995
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09536
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015437
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05769
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt054756
IRS990ScheduleA/InvestmentIncomeCYPct00.03700
IRS990ScheduleA/InvestmentIncomePYPct00.02600
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96300
IRS990ScheduleA/PublicSupportPY509Pct00.97400
IRS990ScheduleA/PublicSupportTotal509Amt01425350
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0222255
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0318501
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0274699
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0256505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0353390
IRS990ScheduleA/Total509Grp/TotalAmt01425350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0241250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0328037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0290136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0262274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0358409
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01480106
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt090481
IRS990ScheduleD/BuildingsGrp/DepreciationAmt064576
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0155057
IRS990ScheduleD/EquipmentGrp/BookValueAmt0139551
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154053
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0293604
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023092
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06207
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029299
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0253124
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/TotalAssetsBOYAmt0586669
IRS990/TotalAssetsEOYAmt0591886
IRS990/TotalAssetsGrp/BOYAmt0586669
IRS990/TotalAssetsGrp/EOYAmt0591886
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt028888
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08645
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029457
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0172874
IRS990/TotalFunctionalExpensesGrp/TotalAmt0210976
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0420
IRS990/TotalLiabilitiesEOYAmt02932
IRS990/TotalLiabilitiesGrp/BOYAmt0420
IRS990/TotalLiabilitiesGrp/EOYAmt02932
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0586249
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0588954
IRS990/TotalOtherCompensationAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2020Detailed filing. Detailed filing data is available for this year.$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
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