Civic Intelligence

Desoto Arts Council Inc

EIN 64-0903117 • 501(c)3 • Hernando, MS

Profile

Educate the community through the arts.

P O Box 718Hernando, MS 38632

www.desotoarts.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

22nd percentile

-24%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

22nd percentile

-41%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

55%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$68,958

Down $48,670 (-41%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$68,958

Down $48,501 (-41%) from 2022

Revenue

Up

$124,504

Up $44,133 (+55%) from 2022

Expenses

Up

$153,875

Up $10,721 (+7.5%) from 2022

Net Income

Up

-$29,371

Up $33,412 (+53%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2010: $33,298Liabilities 2010: $413Net Assets 2010: $32,8852010Assets 2011: $44,101Liabilities 2011: $381Net Assets 2011: $43,7202011Assets 2012: $67,856Liabilities 2012: $108Net Assets 2012: $67,7482012Assets 2013: $96,552Liabilities 2013: $375Net Assets 2013: $96,1772013Assets 2014: $118,753Liabilities 2014: $1,716Net Assets 2014: $117,0372014Assets 2015: $132,157Liabilities 2015: $1,042Net Assets 2015: $131,1152015Assets 2016: $143,824Liabilities 2016: $2,316Net Assets 2016: $141,5082016Assets 2017: $186,761Liabilities 2017: $2,827Net Assets 2017: $183,9342017Assets 2018: $186,805Liabilities 2018: $1,498Net Assets 2018: $185,3072018Assets 2019: $189,147Liabilities 2019: $1,286Net Assets 2019: $187,8612019Assets 2020: $170,794Liabilities 2020: $1,736Net Assets 2020: $169,0582020Assets 2021: $187,532Liabilities 2021: $441Net Assets 2021: $187,0912021Assets 2022: $117,628Liabilities 2022: $169Net Assets 2022: $117,4592022Assets 2023: $68,958Net Assets 2023: $68,9582023

Highlighted filing

2023

Assets$68,958
Liabilities-
Net Assets$68,958

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2010: $68,886Expenses 2010: $51,814Net Income 2010: $17,0722010Revenue 2011: $68,021Expenses 2011: $57,186Net Income 2011: $10,8352011Revenue 2012: $93,144Expenses 2012: $69,116Net Income 2012: $24,0282012Revenue 2013: $93,843Expenses 2013: $65,414Net Income 2013: $28,4292013Revenue 2014: $84,772Expenses 2014: $63,912Net Income 2014: $20,8602014Revenue 2015: $70,186Expenses 2015: $56,113Net Income 2015: $14,0732015Revenue 2016: $71,772Expenses 2016: $61,379Net Income 2016: $10,3932016Revenue 2017: $139,342Expenses 2017: $96,914Net Income 2017: $42,4282017Revenue 2018: $97,855Expenses 2018: $96,483Net Income 2018: $1,3722018Revenue 2019: $84,036Expenses 2019: $81,482Net Income 2019: $2,5542019Revenue 2020: $55,627Expenses 2020: $74,430Net Income 2020: -$18,8032020Revenue 2021: $122,625Expenses 2021: $104,592Net Income 2021: $18,0332021Revenue 2022: $80,371Expenses 2022: $143,154Net Income 2022: -$62,7832022Revenue 2023: $124,504Expenses 2023: $153,875Net Income 2023: -$29,3712023

Highlighted filing

2023

Revenue$124,504
Expenses$153,875
Net Income-$29,371

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.69$0.69$1.25$1.54$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.17$0.80$1.43$0.63
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.87$1.23$1.05$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.02$1.69$0.56$0.74$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.89$0.01$1.88$0.84$0.81$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.01$1.85$0.98$0.96$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.87$0.03$1.84$1.39$0.97$0.42
2016Detailed filing. Detailed filing data is available for this year.$1.44$0.02$1.42$0.72$0.61$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.01$1.31$0.70$0.56$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.02$1.17$0.85$0.64$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.96$0.94$0.65$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$0.93$0.69$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.68$0.57$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.69$0.52$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$124,504
Mission and Program Overview

Mission

Educate the community through the arts.

Program Services

DescriptionGrantsExpenses
PROVIDE VENUE FOR LOCAL ARTISTS TO SHOWCASE AND SELL THEIR ART WORK. PROVIDE SUMMER CAMP FOR 45 CHILDREN, WITH CLASSES IN ART, GARDENING, PERFORMANCE, AND CRAFTS. PROVIDE ADULT ART CLASSES. LOCAL ARTISTS ARE PAID FOR THEIR SERVICE CONDUCTING THE CLASSES.-$135,411
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JERRET MASHAWPresident-$0--
ERIN HENDRICKSVice Preside-$0--
BRETT BURNSCo-Chair Vol-$0--
DERICK MICHAUDChair-Market-$0--
JIM FRANKSChair -Gover-$0--
SHARON WILLIAMSChair Gift S-$0--
TAJUANA WILLIAMSOutreach/Edu-$0--
ERIN OWENTreasurer-$0--
KRISTA BARNHARTChair-Festiv-$0--
LAURIE BENNETTChair-Buildi-$0--
WHITNEY HUDSON WESSONChair-Member-$0--
ABBEY MCCRARYCo-Chair Fes-$0--
KATHLEEN DOWNINGChair-Art Ed-$0--
RANDY MARTINChair-Market-$0--
DERICK BIGLANEChair-Fundra-$0--
KYLI COLLINSExecutive Di-$0--
SUSANNE COXChair-Artist-$0--
Filing and Contact Details

Filer

Filer Name
Desoto Arts Council Inc
EIN
64-0903117
Phone
6624043361
Address
P O BOX 718, HERNANDO, MS 38632

Signing Officer

Name
Erin Owen
Title
Treasurer
Phone
6624043361
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Williams Pitts & Beard Pllc
Address
2042 MCINGVALE RD STE A, HERNANDO, MS 38632-8706
Preparer
Rebecca a Beard
Phone
6624294436
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 729 office exp. 1,099 computer and software 2,216 miscellaneous 671 travel 102 insurance 1,270 program service expense 18,135 credit card fees& bank fe 1,123 grant expense 11,490 dues & subscriptions 1,172 license & permits 123 program event expenses 5,501 business meal 69 supplies & purchases 27,694 donations 131 gifts & awards 2,217 rent expense 6,116 cogs 5,824 non-investment depreciation 171 total 85,853

Form 990-ez, Part I, Line 20

Unreal gain reclassified to restricted net assets 14,890 reclassified to restricted net assets -34,018 book / tax depreciation difference -3

Form 990-ez, Part II, Line 24

74,150 74,150 less accumulated depreciation 64,066 64,129 1 0 endowment fund 81,020 58,336 utility deposits 576 576 total 91,681 68,933

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 169 0 payroll tax liabilities 0 0 sales tax liabilities 0 0

Form 990-ez, Part III, Line 28

Provide venue for local artists to showcase and sell their art work. Provide summer camp for 45 children, with classes in art, gardening, performance, and crafts. Provide adult art classes. Local artists are paid for their service conducting the classes.

Raw XML Appendix191 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 729 OFFICE EXP. 1,099 COMPUTER AND SOFTWARE 2,216 MISCELLANEOUS 671 TRAVEL 102 INSURANCE 1,270 PROGRAM SERVICE EXPENSE 18,135 CREDIT CARD FEES& BANK FE 1,123 GRANT EXPENSE 11,490 DUES & SUBSCRIPTIONS 1,172 LICENSE & PERMITS 123 PROGRAM EVENT EXPENSES 5,501 BUSINESS MEAL 69 SUPPLIES & PURCHASES 27,694 DONATIONS 131 GIFTS & AWARDS 2,217 RENT EXPENSE 6,116 COGS 5,824 NON-INVESTMENT DEPRECIATION 171 TOTAL 85,853
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREAL GAIN RECLASSIFIED TO RESTRICTED NET ASSETS 14,890 RECLASSIFIED TO RESTRICTED NET ASSETS -34,018 BOOK / TAX DEPRECIATION DIFFERENCE -3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt274,150 74,150 LESS ACCUMULATED DEPRECIATION 64,066 64,129 1 0 ENDOWMENT FUND 81,020 58,336 UTILITY DEPOSITS 576 576 TOTAL 91,681 68,933
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 169 0 PAYROLL TAX LIABILITIES 0 0 SALES TAX LIABILITIES 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDE VENUE FOR LOCAL ARTISTS TO SHOWCASE AND SELL THEIR ART WORK. PROVIDE SUMMER CAMP FOR 45 CHILDREN, WITH CLASSES IN ART, GARDENING, PERFORMANCE, AND CRAFTS. PROVIDE ADULT ART CLASSES. LOCAL ARTISTS ARE PAID FOR THEIR SERVICE CONDUCTING THE CLASSES.
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