Civic Intelligence

Artscentric Inc.

990 • Fiscal year 2020 • EIN 80-0823277

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 12, 2023

44 Maryland Ave 1021Rockville, MD 20850

(443) 653-2035

Siviq Scores

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

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.02x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

17%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

74th percentile

34%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-28%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$62,045

Up $15,880 (+34%) from 2019

Net Assets

Up

$59,255

Up $30,751 (+108%) from 2019

Liabilities

Down

$2,790

Down $14,871 (-84%) from 2019

Revenue

Down

$181,767

Down $71,427 (-28%) from 2019

Expenses

Down

$151,016

Down $78,508 (-34%) from 2019

Net Income

Up

$30,751

Up $7,081 (+30%) from 2019

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2016: $4,571Liabilities 2016: $02016Assets 2017: $664Liabilities 2017: $02017Assets 2018: $15,320Liabilities 2018: $02018Assets 2019: $46,165Liabilities 2019: $17,661Net Assets 2019: $28,5042019Assets 2020: $62,045Liabilities 2020: $2,790Net Assets 2020: $59,2552020Assets 2021: $52,018Liabilities 2021: $2,789Net Assets 2021: $49,2292021Assets 2022: $25,854Liabilities 2022: $10,299Net Assets 2022: $15,5552022Assets 2023: $68,745Liabilities 2023: $7,600Net Assets 2023: $61,1452023Assets 2024: $29,856Liabilities 2024: $0Net Assets 2024: $29,8562024

Highlighted filing

2020

Assets$62,045
Liabilities$2,790
Net Assets$59,255

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $112,180Expenses 2016: $108,943Net Income 2016: $3,2372016Revenue 2017: $122,286Expenses 2017: $126,193Net Income 2017: -$3,9072017Revenue 2018: $177,916Expenses 2018: $163,260Net Income 2018: $14,6562018Revenue 2019: $253,194Expenses 2019: $229,524Net Income 2019: $23,6702019Revenue 2020: $181,767Expenses 2020: $151,016Net Income 2020: $30,7512020Revenue 2021: $386,126Expenses 2021: $396,153Net Income 2021: -$10,0272021Revenue 2022: $220,853Expenses 2022: $254,527Net Income 2022: -$33,6742022Revenue 2023: $371,149Expenses 2023: $325,559Net Income 2023: $45,5902023Revenue 2024: $307,526Expenses 2024: $338,815Net Income 2024: -$31,2892024

Highlighted filing

2020

Revenue$181,767
Expenses$151,016
Net Income$30,751
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 12, 2023
Return Version
2020v4.0
Gross Receipts
$181,767
Mission and Program Overview

Mission

Artscentric is a color-conscious organization committed to re-examining traditional roles in the arts, advancing orignial stories of specific cultural groups that are not represented in the mainstream theater, and fostering educational advancement to strenghten the community through the power of theater.

ArtsCentric, Inc. is an African-American performing arts organization; a color-conscious organization committed to reexamining traditional roles in the arts, advancing original stories of specific cultures, and fostering educational advancement to strengthen the community through the power of theatre. ArtsCentric approaches the arts with a color-conscious lens when creating community-oriented and enriched education programs; specifically, the organization strives to positively impact a broad and diverse audience base, and uphold high standards of quality entertainment while using the arts to inform, change, and enhance lives one audience at a time. ArtsCentric's mission and core activities address three problems: racial inequity in the performing arts; a lack of opportunities for low-to-moderate-income artists of all ages to receive professional training for performance, education, and administrative careers in the arts; affordable access to the arts and cultural enrichment activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,157$36,808▲ $14,651
Land, Buildings, and Equipment, Net$21,194$21,194→ $0
Savings and Temporary Cash Investments$0$1,229▲ $1,229
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$46,165$62,045▲ $15,880
Other Assets Total$2,814$2,814→ $0
Liabilities
Unsecured Notes Loans Payable$2,500$2,490▼ $10
Accounts Payable and Accrued Expenses$15,161$300▼ $14,861
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$17,661$2,790▼ $14,871
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,504$59,255▲ $30,751
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$28,504$59,255▲ $30,751
Total Liabilities and Net Assets / Fund Balance$46,165$62,045▲ $15,880

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,194$104$21,298
Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$128,486
Program Service Revenue
$53,281
Investment Income
$0
Other Revenue
$0
All Other Contributions
$87,954
Change in Net Assets
$30,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,016
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$78,041$0$0$78,041
Occupancy-$25,305-$25,305
All Other Expenses-$9,882-$9,882
Travel-$4,525-$4,525
Information Technology-$3,360-$3,360
Fees for Services Accounting-$3,044-$3,044
Office Expenses-$2,179-$2,179
Advertising-$1,038-$1,038
Insurance-$843-$843
Total Functional Expenses$93,417$57,599$0$151,016
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 11B

The 990 is reviewed by the finance committee before submission.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Artscentric Inc
EIN
80-0823277
Phone
4436532035
Address
44 Maryland Ave 1021, Rockville, MD 20850

Signing Officer

Name
Cedric Lyles
Title
Director of Operations / Co-Founder
Phone
4436532035
Signed
2023-06-12

Organization Details

Principal Officer
Cedric Lyles
Formed
2016
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
30
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Due to COVID-19 restrictions and adjustments, much of ArtsCentric's programming went virtual and was free to the public.

Form 990, Part III, Line 3

In person productions were both halted and re-imagined and in some cases ceased to exist because of the public health restrictions from the COVID-19 pandemic.

Form 990, Part XI, Line 9

general expenses

Financial Statement Notes

Schedule D, Part IX

Other Assets - Security Deposit

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IRS990/ActivityOrMissionDesc0ArtsCentric, Inc. is an African-American performing arts organization; a color-conscious organization committed to reexamining traditional roles in the arts, advancing original stories of specific cultures, and fostering educational advancement to strengthen the community through the power of theatre. ArtsCentric approaches the arts with a color-conscious lens when creating community-oriented and enriched education programs; specifically, the organization strives to positively impact a broad and diverse audience base, and uphold high standards of quality entertainment while using the arts to inform, change, and enhance lives one audience at a time. ArtsCentric's mission and core activities address three problems: racial inequity in the performing arts; a lack of opportunities for low-to-moderate-income artists of all ages to receive professional training for performance, education, and administrative careers in the arts; affordable access to the arts and cultural enrichment activities
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IRS990/MissionDesc0ArtsCentric, Inc. is an African-American performing arts organization; a color-conscious organization committed to reexamining traditional roles in the arts, advancing original stories of specific cultures, and fostering educational advancement to strengthen the community through the power of theatre. ArtsCentric approaches the arts with a color-conscious lens when creating community-oriented and enriched education programs; specifically the organization strives to positively impact a broad and diverse audience base, and uphold high standards of quality entertainment, while using the arts to inform, change, and enhance lives one audience at a time. ArtsCentric's mission and core activities address three problems: racial inequity in the performing arts; a lack of opportunities for low-to-moderate-income artists of all ages to receive professional training for performance, education, and administrative careers in the arts; affordable access to the arts and cultural enrichment activities.
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02179
IRS990/OfficeExpensesGrp/TotalAmt02179
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02814
IRS990/OtherAssetsTotalGrp/EOYAmt02814
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Utilities
IRS990/OtherExpensesGrp/Desc1Summer Institute
IRS990/OtherExpensesGrp/Desc2Productions
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07423
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt115376
IRS990/OtherExpensesGrp/ProgramServicesAmt278041
IRS990/OtherExpensesGrp/TotalAmt07423
IRS990/OtherExpensesGrp/TotalAmt115376
IRS990/OtherExpensesGrp/TotalAmt278041
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Cedric Lyles
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/Desc0productions
IRS990/ProgramServiceRevenueGrp/Desc1summer institute
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt051283
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt051283
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11998
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0The ArtsCentric Summer Institute held its summer institute online for 16 students online with a reduced fee.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt015376
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0135825
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0229524
IRS990/PYOtherRevenueAmt012051
IRS990/PYProgramServiceRevenueAmt0105518
IRS990/PYRevenuesLessExpensesAmt023870
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0229524
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0253394
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt030751
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01229
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt04600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt04600
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0128478
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0135825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt068657
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt043330
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0376290
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00
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IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0179760
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0265545
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0177914
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0122286
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0745505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt051283
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0129720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0109257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt078956
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0369216
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00

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