Civic Intelligence

Memphremagog Arts Collaborative Inc.

990T • Fiscal year 2021 • EIN 74-3208193

Jun 01, 2020 to May 31, 2021 • Filed on Nov 13, 2021

Organization ProfileN/A
158 Main Street - Ste 2Newport, VT 05855

(802) 334-9131

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

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No earlier filing loaded for comparison.

Liabilities

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No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

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No earlier filing loaded for comparison.

Net Income

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No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

Latest loaded filing

2024

Assets$40,227
Liabilities$3,697
Net Assets$36,530
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

Latest loaded filing

2024

Revenue$41,416
Expenses$39,047
Net Income$2,369
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Nov 13, 2021
Return Version
2020v1.0
Mission and Program Overview

Mission

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Jennifer Hopkins
Title
Treasurer
Signed
2021-11-13

Preparer

Firm
Hayes Accounting Services
Address
411 E MAIN ST, NEWPORT, VT 05855-5826
Preparer
Eva M Hayes CPA
Phone
8023342201
Raw XML Appendix83 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.

Path#Value
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IRS4562/MaximumDollarLimitationAmt01040000
IRS4562/OtherDepreciationAmt01760
IRS4562/ThresholdCostOfSect179PropAmt02590000
IRS4562/TotalDepreciationAmt01760
IRS990T/BooksInCareOfDetail/PersonNm0JENNIFER HOPKINS
IRS990T/BooksInCareOfDetail/PhoneNum08023349131
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 623
IRS990T/BooksInCareOfDetail/USAddress/CityNm0NEWPORT
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd005855
IRS990T/BookValueAssetsEOYAmt030793
IRS990T/ChangeInMethodOfAccountingInd0false
IRS990T/ForeignAccountsQuestionInd0false
IRS990T/ForeignTrustQuestionInd0false
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IRS990T/NetOperatingLossDeductionAmt00
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990TScheduleA/CostOfGoodsSoldAmt044805
IRS990TScheduleA/DepreciationNetAmt01496
IRS990TScheduleA/GrossProfitAmt020440
IRS990TScheduleA/GrossReceiptsOrSalesAmt065245
IRS990TScheduleA/ItmzdSupplementalInfoGrp/ExplanationTxt0THE ORGANIZATION RECEIVED 2 GRANTS RELATED TO CORONAVIRUS RECOVERY EFFORTS. VERMONT ARTS COUNCI FOR 5,000 AND FROM THE STATE OF VERMONT FOR 3,104. PROCEEDS ALLOCATED ON OUR STANDARD PERCENTAGE OF 85% FOR THE UNRELATED BUSINESS ACTIVITY - THE SAME PERCENTAGE THAT IS USED TO ALLOCATE EXPENSES. TOTAL GRANT INCOME FOR 990-T REPORTING = 6,888
IRS990TScheduleA/ItmzdSupplementalInfoGrp/ExplanationTxt1OTHER DEDUCTIONS ALLOCATED @ 85% OF TOTAL AS FOLLOWS: RENT & UTILITIES FO 14,985 @ 85% = 12,737 ADVERTISING OF 1,767 @ 85% = 1,502 INSURANCE/WEBSITE EXPENSES OF 680 @ 85% = 579 MISCELLANEOUS OPERATING SUPPLIES OF 460 @ 85% = 391
IRS990TScheduleA/ItmzdSupplementalInfoGrp/LineNum01
IRS990TScheduleA/ItmzdSupplementalInfoGrp/LineNum114
IRS990TScheduleA/ItmzdSupplementalInfoGrp/PartNum0PART XI
IRS990TScheduleA/ItmzdSupplementalInfoGrp/PartNum1PART XI
IRS990TScheduleA/NetGrossReceiptsOrSalesAmt065245
IRS990TScheduleA/NetOperatingLossDeductionAmt06182
IRS990TScheduleA/OtherDeductionsAmt019126
IRS990TScheduleA/OtherIncomeAmt06888
IRS990TScheduleA/PrincipalBusinessActivityCd0453220
IRS990TScheduleA/PurchasesAmt044805
IRS990TScheduleA/RepairsAndMaintenanceAmt0524
IRS990TScheduleA/Section263ARulesApplyInd0false
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TotalCostGoodsSoldAmt044805
IRS990TScheduleA/TotalDeductionsAmt021146
IRS990TScheduleA/TotalDepreciationAmt01496
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt027328
IRS990TScheduleA/TotUnrltTrdBusIncmAmt027328
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TradeOrBusinessDesc0ART GALLERY RETAIL SALES
IRS990TScheduleA/UBIBeforeNOLDedAmt06182
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd0false
IRS990T/TaxableCorporationAmt00
IRS990T/TaxableTrustAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIBeforeSection199AAmt00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER HOPKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHREMAGOG ARTS COLLABORATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0743208193
ReturnHeader/Filer/USAddress/AddressLine1Txt0158 MAIN STREET - STE 2
ReturnHeader/Filer/USAddress/CityNm0NEWPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005855
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270410468
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAYES ACCOUNTING SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0411 E MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0058555826
ReturnHeader/PreparerPersonGrp/PhoneNum08023342201
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVA M HAYES CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-13T14:23:32-06:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOPKINS
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
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Liabilities
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Net assets
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Revenue
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Expenses
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Net income
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Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.2$3.70$36.5$41.4$39.0$2.37
2023Detailed filing. Detailed filing data is available for this year.$37.8$3.15$34.6$33.6$33.8$0.16
2022Detailed filing. Detailed filing data is available for this year.$36.8$1.98$34.8$36.3$30.3$6.05
2021Detailed filing. Detailed filing data is available for this year.$30.8$2.05$28.7$33.1$24.9$8.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.
2020Summary only. Only limited summary data is available for this year.$21.2$0.58$28.6$30.7$2.19
2019Summary only. Only limited summary data is available for this year.$24.1$1.28$28.6$29.1$0.52
2018Summary only. Only limited summary data is available for this year.$24.2$0.91$28.6$26.7$1.90
2017Summary only. Only limited summary data is available for this year.$22.2$0.83$27.2$23.3$3.88