Civic Intelligence

Broadway Festivals Inc

990 • Fiscal year 2016 • EIN 75-2387813

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 15, 2017

PO Box 1643Lubbock, TX 79408

(806) 749-2929

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

43rd percentile

0.4%

Higher net margin than 43% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

87th percentile

$34,249

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

15th percentile

-31%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

1.7%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$52,261

Down $23,811 (-31%) from 2015

Net Assets

Up

$50,100

Up $1,161 (+2.4%) from 2015

Liabilities

Down

$2,161

Down $24,972 (-92%) from 2015

Revenue

Up

$328,373

Up $5,349 (+1.7%) from 2015

Expenses

Down

$327,212

Down $5,905 (-1.8%) from 2015

Net Income

Up

$1,161

Up $11,254 (+112%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $19,161Liabilities 2010: $58,204Net Assets 2010: -$39,0432010Assets 2011: $7,777Liabilities 2011: $48,282Net Assets 2011: -$40,5052011Assets 2012: $35,348Liabilities 2012: $76,482Net Assets 2012: -$41,1342012Assets 2013: $16,610Liabilities 2013: $44,056Net Assets 2013: -$27,4462013Assets 2014: $90,029Liabilities 2014: $30,997Net Assets 2014: $59,0322014Assets 2015: $76,072Liabilities 2015: $27,133Net Assets 2015: $48,9392015Assets 2016: $52,261Liabilities 2016: $2,161Net Assets 2016: $50,1002016Assets 2017: $236,626Liabilities 2017: $180,073Net Assets 2017: $56,5532017Assets 2018: $41,080Liabilities 2018: $44,399Net Assets 2018: -$3,3192018Assets 2019: $73,643Liabilities 2019: $89,975Net Assets 2019: -$16,3322019Assets 2020: $50,730Liabilities 2020: $63,421Net Assets 2020: -$12,6912020Assets 2021: $60,316Liabilities 2021: $48,901Net Assets 2021: $11,4152021Assets 2022: $67,166Liabilities 2022: $58,128Net Assets 2022: $9,0382022Assets 2023: $61,042Liabilities 2023: $4,036Net Assets 2023: $57,0062023Assets 2024: $209,378Liabilities 2024: $35,916Net Assets 2024: $173,4622024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2016

Assets$52,261
Liabilities$2,161
Net Assets$50,100

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $206,619Expenses 2010: $226,406Net Income 2010: -$19,7872010Expenses 2011: $238,7642011Expenses 2012: $292,7952012Expenses 2013: $293,9992013Revenue 2014: $367,436Expenses 2014: $280,958Net Income 2014: $86,4782014Revenue 2015: $323,024Expenses 2015: $333,117Net Income 2015: -$10,0932015Revenue 2016: $328,373Expenses 2016: $327,212Net Income 2016: $1,1612016Revenue 2017: $522,149Expenses 2017: $515,696Net Income 2017: $6,4532017Revenue 2018: $283,161Expenses 2018: $343,033Net Income 2018: -$59,8722018Revenue 2019: $329,493Expenses 2019: $342,506Net Income 2019: -$13,0132019Revenue 2020: $203,251Expenses 2020: $199,611Net Income 2020: $3,6402020Revenue 2021: $297,303Expenses 2021: $273,197Net Income 2021: $24,1062021Revenue 2022: $316,307Expenses 2022: $318,684Net Income 2022: -$2,3772022Revenue 2023: $356,889Expenses 2023: $308,921Net Income 2023: $47,9682023Revenue 2024: $433,579Expenses 2024: $317,123Net Income 2024: $116,4562024Revenue 2025: $10,052Expenses 2025: $183,514Net Income 2025: -$173,4622025

Highlighted filing

2016

Revenue$328,373
Expenses$327,212
Net Income$1,161
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$328,373
Mission and Program Overview

Mission

To organize, conduct, and finance celebrations in downtown lubbock, texas, to focus attention on the historical significance and overall importance of the central core of lubbock to the community as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$68,530$35,458▼ $33,072
Accounts Receivable$6,302$10,596▲ $4,294
Cash and Non-Interest-Bearing Accounts$30$4,440▲ $4,410
Land, Buildings, and Equipment, Net$1,210$1,210→ $0
Prepaid Expenses and Deferred Charges-$557-
Total Assets$76,072$52,261▼ $23,811
Liabilities
Unsecured Notes Loans Payable$21,742$0▼ $21,742
Accounts Payable and Accrued Expenses$5,391$2,161▼ $3,230
Total Liabilities$27,133$2,161▼ $24,972
Net Assets / Fund Balance
Unrestricted Net Assets$48,939$50,100▲ $1,161
Total Net Assets Fund Balance$48,939$50,100▲ $1,161
Total Liabilities and Net Assets / Fund Balance$76,072$52,261▼ $23,811

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,210$84,596$85,806
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Colee OrfExecutive DirectorFT$34,249$34,249
Stephanie NairnExecutive DirectorFT$10,000$10,000

Board Members and Trustees

NameTitle
Jeremy LaymanPresident
Ainsley NelsonVice President
Claudia BarajasBoard Member
Don CaldwellBoard Member
Felix GarciaBoard Member
Jeff ChristianBoard Member
Kevin McconicBoard Member
Princess WheatBoard Member
Tom LafaceSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$159,957
Program Service Revenue
$168,257
Investment Income
$159
Other Revenue
$0
All Other Contributions
$159,957
Change in Net Assets
$1,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$279,515
Salaries, Compensation, and Employee Benefits$47,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$44,249-$44,249
Other Expenses$18,166--$18,166
All Other Expenses$14,447$2,355-$16,802
Insurance$12,332$1,687-$14,019
Occupancy-$11,807-$11,807
Advertising$6,295--$6,295
Office Expenses-$5,402-$5,402
Fees for Services Accounting-$5,189-$5,189
Payroll Taxes-$3,448-$3,448
Conferences and Meetings-$1,071-$1,071
Interest-$260-$260
Total Functional Expenses$251,744$75,468$0$327,212
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Current Board MemberPayments for Music Production Including Contracting Musicians, Sound System Rental, Staging and Other Costs for the 4th on Broadway Festival.No$104,550
-Current Board MemberPayments for Leasing Office Space.No$6,682
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Form 990 was provided to and reviewed by the executive officers of the board of directors prior to its filing.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Broadway Festivals Inc
EIN
75-2387813
Phone
8067492929
Address
PO BOX 1643, LUBBOCK, TX 79408

Signing Officer

Name
Don Caldwell
Title
President
Phone
8067492929
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Caldwell
Formed
1992
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

Firm
Garrett and Swann Llp
Address
PO BOX 53730, LUBBOCK, TX 79453
Preparer
Kevin M Dunagan CPA
Phone
8067943344
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0159
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0195
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0125
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0479
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0168257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0165909
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0143574
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0172384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0168571
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0818695
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0159
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0195
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0479
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86710
IRS990ScheduleA/PublicSupportPY509Pct00.84750
IRS990ScheduleA/PublicSupportTotal509Amt01403607
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt039500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt040000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt045100
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt040000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0214600
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt039500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt050000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt040000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt045100
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt040000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0214600
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0328214
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0322829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0367311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0307687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0292166
IRS990ScheduleA/Total509Grp/TotalAmt01618207
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0328373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0323024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0367436
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0307687
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0292166
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01618686
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01210
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt084596
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt085806
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01210
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CALDWELL ENTERTAINMENTDON CALDWELL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CALDWELL ENTERTAINMENTDON CALDWELL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CURRENT BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1CURRENT BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0104550
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt16682
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYMENTS FOR MUSIC PRODUCTION INCLUDING CONTRACTING MUSICIANS, SOUND SYSTEM RENTAL, STAGING AND OTHER COSTS FOR THE 4TH ON BROADWAY FESTIVAL.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PAYMENTS FOR LEASING OFFICE SPACE.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS PROVIDED TO AND REVIEWED BY THE EXECUTIVE OFFICERS OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt076072
IRS990/TotalAssetsEOYAmt052261
IRS990/TotalAssetsGrp/BOYAmt076072
IRS990/TotalAssetsGrp/EOYAmt052261
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0159957
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075468
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0251744
IRS990/TotalFunctionalExpensesGrp/TotalAmt0327212
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027133
IRS990/TotalLiabilitiesEOYAmt02161
IRS990/TotalLiabilitiesGrp/BOYAmt027133
IRS990/TotalLiabilitiesGrp/EOYAmt02161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt048939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050100
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0251744
IRS990/TotalProgramServiceRevenueAmt0168257
IRS990/TotalReportableCompFromOrgAmt044249
IRS990/TotalRevenueGrp/ExclusionAmt0159
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0168257
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0328373
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt076072
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt052261
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt048939
IRS990/UnrestrictedNetAssetsGrp/EOYAmt050100
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt021742
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1643
IRS990/USAddress/CityNm0LUBBOCK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079408
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DON CALDWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.10$1.84$1.73
2024Detailed filing. Detailed filing data is available for this year.$2.09$0.36$1.73$4.34$3.17$1.16
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.04$0.57$3.57$3.09$0.48
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.58$0.09$3.16$3.19$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.49$0.11$2.97$2.73$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.63$0.13$2.03$2.00$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.74$0.90$0.16$3.29$3.43$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.44$0.03$2.83$3.43$0.60
2017Detailed filing. Detailed filing data is available for this year.$2.37$1.80$0.57$5.22$5.16$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.50$3.28$3.27$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.27$0.49$3.23$3.33$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.31$0.59$3.67$2.81$0.86
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.44$0.27$2.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.76$0.41$2.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.48$0.41$2.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.58$0.39$2.07$2.26$0.20