Civic Intelligence

Memphremagog Arts Collaborative Inc

EIN 74-3208193 • 501(c)3 • Newport, VT

Profile

To support and nurture our community's understanding, appreciation and support of the arts, curltural heritage, and humanities

158 Main Street - Ste 2Newport, VT 05855

n/A

Siviq Scores

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

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

82nd percentile

0.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

44th percentile

-0.5%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

59th percentile

2.7%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

42nd percentile

-7.5%

Faster revenue growth than 42% of similar nonprofits.

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

Assets

Up

$40,227

Up $2,442 (+6.5%) from 2023

Liabilities

Up

$3,697

Up $546 (+17%) from 2023

Net Assets

Up

$36,530

Up $1,896 (+5.5%) from 2023

Revenue

Up

$41,416

Up $7,786 (+23%) from 2023

Expenses

Up

$39,047

Up $5,257 (+16%) from 2023

Net Income

Up

$2,369

Up $2,529 (+1581%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2017: $22,230Liabilities 2017: $8282017Assets 2018: $24,212Liabilities 2018: $9072018Assets 2019: $24,067Liabilities 2019: $1,2842019Assets 2020: $21,176Liabilities 2020: $5822020Assets 2021: $30,793Liabilities 2021: $2,046Net Assets 2021: $28,7472021Assets 2022: $36,776Liabilities 2022: $1,982Net Assets 2022: $34,7942022Assets 2023: $37,785Liabilities 2023: $3,151Net Assets 2023: $34,6342023Assets 2024: $40,227Liabilities 2024: $3,697Net Assets 2024: $36,5302024

Highlighted filing

2024

Assets$40,227
Liabilities$3,697
Net Assets$36,530

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2017: $27,214Expenses 2017: $23,338Net Income 2017: $3,8762017Revenue 2018: $28,626Expenses 2018: $26,723Net Income 2018: $1,9032018Revenue 2019: $28,617Expenses 2019: $29,139Net Income 2019: -$5222019Revenue 2020: $28,557Expenses 2020: $30,746Net Income 2020: -$2,1892020Revenue 2021: $33,087Expenses 2021: $24,934Net Income 2021: $8,1532021Revenue 2022: $36,348Expenses 2022: $30,301Net Income 2022: $6,0472022Revenue 2023: $33,630Expenses 2023: $33,790Net Income 2023: -$1602023Revenue 2024: $41,416Expenses 2024: $39,047Net Income 2024: $2,3692024

Highlighted filing

2024

Revenue$41,416
Expenses$39,047
Net Income$2,369

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Dec 28, 2024
Return Version
2023v6.0
Gross Receipts
$99,469
Mission and Program Overview

Mission

To support and nurture our community's understanding, appreciation and support of the arts, curltural heritage, and humanities

Program Services

DescriptionGrantsExpenses
GENERAL PURPOSE IN SUPPORT OF MISSION-$30,804
ACTIVITIES AND EVENTS: VARIOUS CLASSES/WORKSHOPS, EXHIBITS, AND TICKET SALES. ESTIMATED ATTENDANCE OF ABOUT 925-$7,243
SCHOLARSHIP PROGRAM: SCHOLARSHIP FOR A HIGH SCHOOL SENIOR CONTINUING ON TO COLLEGE WITH AN ARTS MAJOR OR MINOR. TWO AWARDS WERE PROVIDED.-$1,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN CARDPresidentPT$0--
JOSEE FAUTEUXVice PresidePT$0--
SARAH GLEASONSecretaryPT$0--
JENNIFER HOPKINSTreasurerPT$0--
DIANNE LEPLANTEDirector-$0--
JANICE LUCEDirector-$0--
DEBRA ZUKDirector-$0--
Filing and Contact Details

Filer

Filer Name
Memphremagog Arts Collaborative Inc
EIN
74-3208193
Phone
8023341966
Address
158 MAIN STREET - STE 2, NEWPORT, VT 05855

Signing Officer

Name
Jennifer Hopkins
Title
Treasurer
Phone
8023341966
Signed
2024-12-28

Preparer

Firm
Hayes Accounting Services
Address
411 E MAIN ST, NEWPORT, VT 05855-5826
Preparer
Eva M Hayes CPA
Phone
8023342201
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses interest paid 2 program services - direct 1,000 program services - direct 2,418 advertising 1,794 insurance/website 1,120 operational supplies 145 bank service charges 4,990 selling expenses 1,161 tax preparation 495 state income taxes 350 tickets sold for others 4,825 non-investment depreciation 1,750 total 20,050

Form 990-ez, Part I, Line 20

Federal income tax/penalties -473

Form 990-ez, Part II, Line 24

Furniture, fixtures, equipment 11,755 12,355 less accumulated depreciation 7,453 9,203 total 4,302 3,152

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 3,151 3,697

Form 990-ez, Part III

To support and nurture our community's understanding, appreciation and support of the arts, curltural heritage, and humanities

Form 990-ez, Part III, Line 31

General purpose in support of mission

Raw XML Appendix175 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt04302
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IRS990EZ/ProgramServiceRevenueAmt08711
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INTEREST PAID 2 PROGRAM SERVICES - DIRECT 1,000 PROGRAM SERVICES - DIRECT 2,418 ADVERTISING 1,794 INSURANCE/WEBSITE 1,120 OPERATIONAL SUPPLIES 145 BANK SERVICE CHARGES 4,990 SELLING EXPENSES 1,161 TAX PREPARATION 495 STATE INCOME TAXES 350 TICKETS SOLD FOR OTHERS 4,825 NON-INVESTMENT DEPRECIATION 1,750 TOTAL 20,050
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FEDERAL INCOME TAX/PENALTIES -473
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FURNITURE, FIXTURES, EQUIPMENT 11,755 12,355 LESS ACCUMULATED DEPRECIATION 7,453 9,203 TOTAL 4,302 3,152
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,151 3,697
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO SUPPORT AND NURTURE OUR COMMUNITY'S UNDERSTANDING, APPRECIATION AND SUPPORT OF THE ARTS, CURLTURAL HERITAGE, AND HUMANITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GENERAL PURPOSE IN SUPPORT OF MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08023341966
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-28
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ReturnHeader/Filer/EIN0743208193
ReturnHeader/Filer/PhoneNum08023341966
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ReturnHeader/ReturnTs02025-01-31T16:56:30-05:00
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ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

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