Civic Intelligence

Monticello Opera House Inc.

990 • Fiscal year 2020 • EIN 59-1400288

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 11, 2021

P O Box 518Monticello, FL 32345

(850) 997-4242

Siviq Scores

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

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

75th percentile

0.26x

Higher debt load relative to revenue than 75% of similar nonprofits.

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

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

60th percentile

$35,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

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

Asset Growth

15th percentile

-7.0%

Faster asset growth than 15% of similar nonprofits.

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

Revenue Growth

6th percentile

-63%

Faster revenue growth than 6% of similar nonprofits.

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

Assets

Down

$772,122

Down $58,219 (-7.0%) from 2019

Net Assets

Down

$713,984

Down $55,597 (-7.2%) from 2019

Liabilities

Down

$58,138

Down $2,622 (-4.3%) from 2019

Revenue

Down

$220,844

Down $373,875 (-63%) from 2019

Expenses

Down

$276,187

Down $51,447 (-16%) from 2019

Net Income

Down

-$55,343

Down $322,428 (-121%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $578,448Liabilities 2011: $2,520Net Assets 2011: $575,9282011Assets 2012: $571,141Liabilities 2012: $12,818Net Assets 2012: $558,3232012Assets 2013: $711,636Liabilities 2013: $139,206Net Assets 2013: $572,4302013Assets 2014: $678,682Liabilities 2014: $95,338Net Assets 2014: $583,3442014Assets 2015: $621,037Liabilities 2015: $99,340Net Assets 2015: $521,6972015Assets 2016: $689,922Liabilities 2016: $95,342Net Assets 2016: $594,5802016Assets 2017: $651,144Liabilities 2017: $62,753Net Assets 2017: $588,3912017Assets 2018: $594,469Liabilities 2018: $83,894Net Assets 2018: $510,5752018Assets 2019: $830,341Liabilities 2019: $60,760Net Assets 2019: $769,5812019Assets 2020: $772,122Liabilities 2020: $58,138Net Assets 2020: $713,9842020Assets 2021: $754,945Liabilities 2021: $124,727Net Assets 2021: $630,2182021Assets 2022: $889,120Liabilities 2022: $104,248Net Assets 2022: $784,8722022Assets 2023: $832,356Liabilities 2023: $98,274Net Assets 2023: $734,0822023

Highlighted filing

2020

Assets$772,122
Liabilities$58,138
Net Assets$713,984

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $168,607Expenses 2011: $242,627Net Income 2011: -$74,0202011Revenue 2012: $167,663Expenses 2012: $185,353Net Income 2012: -$17,6902012Revenue 2013: $204,741Expenses 2013: $209,553Net Income 2013: -$4,8122013Revenue 2014: $181,990Expenses 2014: $180,275Net Income 2014: $1,7152014Revenue 2015: $176,360Expenses 2015: $220,097Net Income 2015: -$43,7372015Revenue 2016: $334,914Expenses 2016: $267,056Net Income 2016: $67,8582016Revenue 2017: $432,567Expenses 2017: $405,271Net Income 2017: $27,2962017Revenue 2018: $298,913Expenses 2018: $382,176Net Income 2018: -$83,2632018Revenue 2019: $594,719Expenses 2019: $327,634Net Income 2019: $267,0852019Revenue 2020: $220,844Expenses 2020: $276,187Net Income 2020: -$55,3432020Revenue 2021: $100,972Expenses 2021: $185,142Net Income 2021: -$84,1702021Revenue 2022: $463,375Expenses 2022: $307,825Net Income 2022: $155,5502022Revenue 2023: $338,277Expenses 2023: $392,721Net Income 2023: -$54,4442023

Highlighted filing

2020

Revenue$220,844
Expenses$276,187
Net Income-$55,343
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 11, 2021
Return Version
2019v5.1
Gross Receipts
$220,844
Mission and Program Overview

Mission

Bringing art and culture to the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$786,470$726,150▼ $60,320
Cash and Non-Interest-Bearing Accounts$23,606$22,080▼ $1,526
Savings and Temporary Cash Investments$7,098$9,925▲ $2,827
Investments in Publicly Traded Securities$7,949$7,830▼ $119
Prepaid Expenses and Deferred Charges$3,812$4,731▲ $919
Inventories for Sale or Use$1,406$1,406→ $0
Total Assets$830,341$772,122▼ $58,219
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,088$20,993▼ $2,095
Accounts Payable and Accrued Expenses$16,542$18,486▲ $1,944
Unsecured Notes Loans Payable$18,165$15,388▼ $2,777
Other Liabilities$2,965$3,271▲ $306
Total Liabilities$60,760$58,138▼ $2,622
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$769,581$713,984▼ $55,597
Total Net Assets Fund Balance$769,581$713,984▼ $55,597
Total Liabilities and Net Assets / Fund Balance$830,341$772,122▼ $58,219

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$542,770$269,222$811,992
Buildings$97,129$369,183$466,312
Land$72,762-$72,762
Other Land Buildings$3,483$46,446$49,929
Equipment$10,006$2,466$12,472
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael HerrinExecutive DirectorFT$35,000$35,000

Board Members and Trustees

NameTitle
Jack WilliamsChair
Ron CichonVice Chair
Barbie NettlesDirector
David WardDirector
Edward CarrawayDirector
Gene HallDirector
Jay AdamsDirector
Linda SchraderDirector
Marc CramerDirector
Michael SchwierDirector
Morris MillerSecretary
Pat CichonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$67,587
Program Service Revenue
$139,195
Investment Income
$275
Other Revenue
$13,787
All Other Contributions
$42,472
Change in Net Assets
$-55,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,071
Salaries, Compensation, and Employee Benefits$46,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$72,478$8,053-$80,531
Depreciation Depletion$64,613$7,179-$71,792
Current Officers, Directors, Trustees, and Key Employees$31,500$3,500-$35,000
Advertising$15,962$1,774-$17,736
Other Expenses$14,790$1,643-$16,433
Royalties$9,679--$9,679
Insurance$8,519$946-$9,465
Other Salaries and Wages$6,601$733-$7,334
Office Expenses$5,347$594-$5,941
Interest$4,414$490-$4,904
Payroll Taxes$3,404$378-$3,782
Fees for Services Accounting$3,150$350-$3,500
Total Functional Expenses$249,171$27,016$0$276,187
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
Federal income taxes$3,271
Payroll Taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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

Organization has members

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

Members elect officers and directors of the Board of Directors

Form 990, Part VI, Section A, Line 8A/B

Minutes are taken and approved by the Board of Directors at all meetings of the Board and its committees

Form 990, Part VI, Section B, Line 11

The Board of Directors review the annual Form 990 at their regular board meeting and file the tax eturn only after the board has voted to do so

Form 990, Part VI, Section B, Line 12A/B

The organization has adopted a conflict of interest policy that requires all officers, directors and trustees to disclose any items, events or transactions that might give rise to a conflict of interest

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

The Board of Directors and Executive Director are directed to review and address any issues that might give rise to a conflict of interest on a regular basis

Form 990, Part VI, Section B, Line 15A/B

This process is used for hiring and in the annual performance review of the Executive Director. The organization does not have paid officers or other key employees.

Form 990, Part VI, Section C, Line 19

Governing documents are provided upon request. Financial statements are provided to members at the annual meeting or upon request. Form 990 is provided upon request.

Filing and Contact Details

Filer

Filer Name
Monticello Opera House Inc
EIN
59-1400288
Phone
8509974242
Address
P O Box 518, Monticello, FL 32345

Signing Officer

Name
Patricia Cichon
Title
Trea
Signed
2021-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Williams
Formed
1972
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
12
Employees
5

Preparer

Firm
TaxAccountingFinancial Services
Address
264 North Cherry Street, Monticello, FL 32344
Preparer
Brenda G Sorensen
Phone
8503421040
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Significant operational changes made as a direct result of the Covid-19 pandemic

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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