Civic Intelligence

Memphremagog Arts Collaborative Inc.

990T • Fiscal year 2024 • EIN 74-3208193

Jun 01, 2023 to May 31, 2024 • Filed on Dec 28, 2024

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

(802) 334-1966

Siviq Scores

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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, 2023 to May 31, 2024
Signed
Dec 28, 2024
Return Version
2023v8.0
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
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
Raw XML Appendix94 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
IRS4562/BusinessOrActivityTxt0INDIRECT DEPRECIATION
IRS4562/MaximumDollarLimitationAmt01160000
IRS4562/OtherDepreciationAmt01750
IRS4562/ThresholdCostOfSect179PropAmt02890000
IRS4562/TotalDepreciationAmt01750
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/BookValueAssetsEOYAmt040227
IRS990T/ForeignAccountsQuestionInd0false
IRS990T/ForeignTrustQuestionInd0false
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/NetOperatingLossDeductionAmt00
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990TScheduleA/CostOfGoodsSoldAmt057124
IRS990TScheduleA/DepreciationNetAmt01488
IRS990TScheduleA/GrossProfitAmt027512
IRS990TScheduleA/GrossReceiptsOrSalesAmt084636
IRS990TScheduleA/ItmzdSupplementalInfoGrp/ExplanationTxt0REPAIRS & MAINTENANCE - 85% OF 253 = 215
IRS990TScheduleA/ItmzdSupplementalInfoGrp/ExplanationTxt1TAXES - STATE INCOME TAX 100% OF 350 - 350
IRS990TScheduleA/ItmzdSupplementalInfoGrp/ExplanationTxt2DEPRECIATION - FORM 4562, LINE 22 - 85% OF 1,751 = 1,488
IRS990TScheduleA/ItmzdSupplementalInfoGrp/ExplanationTxt3OTHER DEDUCTIONS: RENT & UTILITIES @ 85% OF 17,964 = 15,270 ADVERTISING @ 85% OF 1,794 = 1,525 INSURANCE/WEBSITE @ 85% OF 1,120 = 952 MISC OPERATIONAL SUPPLIES @ 85% OF 145 = 123 TAX PREPARATION @ 85% OF 495 = 421 MERCHANT ACCOUNT FEES @ 100% = 4,990 CONTRACT LABOR @ 100% = 780 SELLING EXPENSE @ 100% = 1,161 TOTAL OTHER EXPENSES = 25,222
IRS990TScheduleA/ItmzdSupplementalInfoGrp/LineNum0LINE 3
IRS990TScheduleA/ItmzdSupplementalInfoGrp/LineNum1LINE 6
IRS990TScheduleA/ItmzdSupplementalInfoGrp/LineNum2LINE 7
IRS990TScheduleA/ItmzdSupplementalInfoGrp/LineNum3LINE 14
IRS990TScheduleA/ItmzdSupplementalInfoGrp/PartNum0PART XI
IRS990TScheduleA/ItmzdSupplementalInfoGrp/PartNum1PART XI
IRS990TScheduleA/ItmzdSupplementalInfoGrp/PartNum2PART XI
IRS990TScheduleA/ItmzdSupplementalInfoGrp/PartNum3PART XI
IRS990TScheduleA/NetGrossReceiptsOrSalesAmt084636
IRS990TScheduleA/OtherDeductionsAmt025222
IRS990TScheduleA/PrincipalBusinessActivityCd0453220
IRS990TScheduleA/PurchasesAmt057124
IRS990TScheduleA/RepairsAndMaintenanceAmt0215
IRS990TScheduleA/Section263ARulesApplyInd0false
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TaxesAndLicensesAmt0350
IRS990TScheduleA/TotalCostGoodsSoldAmt057124
IRS990TScheduleA/TotalDeductionsAmt027275
IRS990TScheduleA/TotalDepreciationAmt01488
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt027512
IRS990TScheduleA/TotUnrltTrdBusIncmAmt027512
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TradeOrBusinessDesc0ART GALLERY RETAIL SALES
IRS990TScheduleA/UBIBeforeNOLDedAmt0237
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0237
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd0false
IRS990T/TaxableCorporationAmt00
IRS990T/TaxableTrustAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIBeforeNOLSpecificAmt0237
IRS990T/TotalUBTIBeforeSection199AAmt0237
IRS990T/TotalUBTIComputedAmt0237
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER HOPKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08023341966
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHREMAGOG ARTS COLLABORATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0743208193
ReturnHeader/Filer/PhoneNum08023341966
ReturnHeader/Filer/USAddress/AddressLine1Txt0158 MAIN STREET - STE 2
ReturnHeader/Filer/USAddress/CityNm0NEWPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005855
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-01-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVA M HAYES CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-01-31T16:56:30-05:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • 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
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
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
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