Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Memphremagog Arts Collaborative Inc.
990EZ • Fiscal year 2023 • EIN 74-3208193
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.08x
Liabilities / Revenue
82nd percentile
Higher debt load relative to revenue than 82% of similar nonprofits.
Net Margin
41st percentile
Higher net margin than 41% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
54th percentile
Faster asset growth than 54% of similar nonprofits.
Revenue Growth
36th percentile
Faster revenue growth than 36% of similar nonprofits.
Balance Sheet
Assets
Up$37,785
Up $1,009 (+2.7%) from 2022
Net Assets
Down$34,634
Down $160 (-0.5%) from 2022
Liabilities
Up$3,151
Up $1,169 (+59%) from 2022
Revenue And Expenses
Revenue
Down$33,630
Down $2,718 (-7.5%) from 2022
Expenses
Up$33,790
Up $3,489 (+12%) from 2022
Net Income
Down-$160
Down $6,207 (-103%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2022 to May 31, 2023
- Signed
- Feb 19, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $83,821
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
| Description | Grants | Expenses |
|---|---|---|
| GENERAL PURPOSE IN SUPPORT OF MISSION | - | $28,286 |
| ACTIVITIES AND EVENTS: MOST ACTIVITIES - CLASSES, LECTURES, PERFORMANCES, AND EXHIBIT WERE CANCELED DUE TO COVID-19 CONCERNS. ATTENDANCE AT THE EVENTS THAT WERE HELD ESTIMATED TO BE A TOTAL OF 350 | - | $5,004 |
| SCHOLARSHIP PROGRAM: SCHOLARSHIP FOR A HIGH SCHOOL SENIOR CONTINUING ON TO COLLEGE WITH AN ARTS MAJOR OR MINOR. ONE AWARD FOR 2020 | - | $500 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| STEPHEN CARD | President | PT | $0 | - | - |
| CAROLYN FERRARA | Vice Preside | - | $0 | - | - |
| SARAH GLEASON | Secretary | PT | $0 | - | - |
| JENNIFER HOPKINS | Treasurer | PT | $0 | - | - |
| JOSEE FAUTEUX | Director | - | $0 | - | - |
| DIANNE LEPLANTE | Director | - | $0 | - | - |
| JANICE LUCE | Director | - | $0 | - | - |
| JOHN ROWE | Director | - | $0 | - | - |
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
- 2024-02-19
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 program services - direct 500 program services - direct 5,004 advertising 1,503 insurance/website 1,013 operational supplies 217 bank service charges 2,641 selling expenses 1,427 tax preparation 475 state income taxes 300 non-investment depreciation 1,701 total 14,781”
Form 990-ez, Part II, Line 24
“Furniture, fixtures, equipment 11,755 11,755 less accumulated depreciation 5,752 7,453 total 6,003 4,302”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 1,982 3,151”
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 Appendix172 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JENNIFER HOPKINS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8023349131 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 623 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NEWPORT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VT |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 05855 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 30773 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 33483 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 309 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 50191 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -160 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 36776 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 37785 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 26428 |
| IRS990EZ/GrossReceiptsAmt | 0 | 83821 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 76619 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 76 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 2737 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 34794 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 34634 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 34794 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 34634 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 17439 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 8.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | STEPHEN CARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CAROLYN FERRARA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SARAH GLEASON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JENNIFER HOPKINS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JOSEE FAUTEUX |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | DIANNE LEPLANTE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | JANICE LUCE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | JOHN ROWE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | true |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 6003 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 4302 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 14781 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO SUPPORT AND NURTURE OUR COMMUNITY'S UNDERSTANDING, APPRECIATION AND SUPPORT OF THE ARTS, CURLTURAL HERITAGE, AND HUMANITIES |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 4080 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SCHOLARSHIP PROGRAM: SCHOLARSHIP FOR A HIGH SCHOOL SENIOR CONTINUING ON TO COLLEGE WITH AN ARTS MAJOR OR MINOR. ONE AWARD FOR 2020 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | ACTIVITIES AND EVENTS: MOST ACTIVITIES - CLASSES, LECTURES, PERFORMANCES, AND EXHIBIT WERE CANCELED DUE TO COVID-19 CONCERNS. ATTENDANCE AT THE EVENTS THAT WERE HELD ESTIMATED TO BE A TOTAL OF 350 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | GENERAL PURPOSE IN SUPPORT OF MISSION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 5004 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 28286 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 1570 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VT |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1982 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3151 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 33790 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 33790 |
| IRS990EZ/TotalRevenueAmt | 0 | 33630 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 7126 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 6008 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12619 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 13033 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 10963 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 49749 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 76 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 18 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 28 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 53 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 26 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 201 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 56018 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.90700 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99740 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 49749 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 7126 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 6008 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12619 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 13033 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 10963 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 49749 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 54849 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 1495 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3404 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 4899 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES PROGRAM SERVICES - DIRECT 500 PROGRAM SERVICES - DIRECT 5,004 ADVERTISING 1,503 INSURANCE/WEBSITE 1,013 OPERATIONAL SUPPLIES 217 BANK SERVICE CHARGES 2,641 SELLING EXPENSES 1,427 TAX PREPARATION 475 STATE INCOME TAXES 300 NON-INVESTMENT DEPRECIATION 1,701 TOTAL 14,781 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FURNITURE, FIXTURES, EQUIPMENT 11,755 11,755 LESS ACCUMULATED DEPRECIATION 5,752 7,453 TOTAL 6,003 4,302 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,982 3,151 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO SUPPORT AND NURTURE OUR COMMUNITY'S UNDERSTANDING, APPRECIATION AND SUPPORT OF THE ARTS, CURLTURAL HERITAGE, AND HUMANITIES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GENERAL PURPOSE IN SUPPORT OF MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JENNIFER HOPKINS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-02-19 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MEMPHREMAGOG ARTS COLLABORATIVE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MEMP |
| ReturnHeader/Filer/EIN | 0 | 743208193 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 158 MAIN STREET - STE 2 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEWPORT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 05855 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 270410468 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HAYES ACCOUNTING SERVICES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 411 E MAIN ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEWPORT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 058555826 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8023342201 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-02-19 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | EVA M HAYES CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-02-19T15:26:16-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JENNIFER |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HOPKINS |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-06-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-05-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $37,785
- Liabilities
- $3,151
- Net assets
- $34,634
- Revenue
- $33,630
- Expenses
- $33,790
- Net income
- -$160