Civic Intelligence

Down by Downtown Music Inc.

990EZ • Fiscal year 2020 • EIN 81-2334271

Jan 01, 2020 to Dec 31, 2020 • Filed on May 15, 2021

Organization Profile
22 Kirk Avenue SWRoanoke, VA 24011

(540) 685-2995

Siviq Scores

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

Liabilities / Assets

79th percentile

0.18x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

74th percentile

0.08x

Higher debt load relative to revenue than 74% of similar nonprofits.

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

Net Margin

35th percentile

-3.6%

Higher net margin than 35% 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

41st percentile

-0.5%

Faster asset growth than 41% of similar nonprofits.

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

Revenue Growth

29th percentile

-39%

Faster revenue growth than 29% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$28,952

Down $155 (-0.5%) from 2019

Net Assets

Down

$23,748

Down $2,387 (-9.1%) from 2019

Liabilities

Up

$5,204

Up $2,232 (+75%) from 2019

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin35th percentile

Revenue

Down

$66,403

Down $41,674 (-39%) from 2019

Expenses

Down

$68,790

Down $28,726 (-29%) from 2019

Net Income

Down

-$2,387

Down $12,948 (-123%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$60K$40K$20K$0Assets 2016: $4,033Liabilities 2016: $3,181Net Assets 2016: $8522016Assets 2017: $16,286Liabilities 2017: $7,185Net Assets 2017: $9,1012017Assets 2018: $16,690Liabilities 2018: $217Net Assets 2018: $16,4732018Assets 2019: $29,107Liabilities 2019: $2,972Net Assets 2019: $26,1352019Assets 2020: $28,952Liabilities 2020: $5,204Net Assets 2020: $23,7482020Assets 2021: $18,469Liabilities 2021: $213Net Assets 2021: $18,2562021Assets 2022: $38,259Liabilities 2022: $183Net Assets 2022: $38,0762022Assets 2023: $48,725Liabilities 2023: $2,458Net Assets 2023: $46,2672023Assets 2024: $49,554Liabilities 2024: $488Net Assets 2024: $49,0662024

Highlighted filing

2020

Assets$28,952
Liabilities$5,204
Net Assets$23,748
Open 2020 Filing

Operations Trend

Revenue Growth29th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2016: $81,459Expenses 2016: $85,105Net Income 2016: -$3,6462016Revenue 2017: $99,144Expenses 2017: $90,895Net Income 2017: $8,2492017Revenue 2018: $102,675Expenses 2018: $95,303Net Income 2018: $7,3722018Revenue 2019: $108,077Expenses 2019: $97,516Net Income 2019: $10,5612019Revenue 2020: $66,403Expenses 2020: $68,790Net Income 2020: -$2,3872020Revenue 2021: $68,702Expenses 2021: $74,194Net Income 2021: -$5,4922021Revenue 2022: $179,365Expenses 2022: $159,545Net Income 2022: $19,8202022Revenue 2023: $159,694Expenses 2023: $151,503Net Income 2023: $8,1912023Revenue 2024: $194,050Expenses 2024: $191,251Net Income 2024: $2,7992024

Highlighted filing

2020

Revenue$66,403
Expenses$68,790
Net Income-$2,387
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 15, 2021
Return Version
2020v4.1
Gross Receipts
$66,403
Mission and Program Overview

Mission

To provide local entertainment

Program Services

DescriptionGrantsExpenses
Provide music and entertainment in a small venue to local talent. Giving them a stage to perform.$10,000$68,790
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles NeelyTreasurer-$0--
Bruce BryanCEO-$0--
Jamie MillerSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Down by Downtown Music Inc
EIN
81-2334271
Address
22 Kirk Avenue SW, Roanoke, VA 24011

Signing Officer

Name
Charles B Neely
Title
Treasurer
Phone
5406852995
Signed
2021-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Neelys Accounting Services Inc
Address
PO Box 7296, Roanoke, VA 24019
Preparer
Charles Neely CPA
Phone
5403662767
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountRental Income 15,175”

Description of other expenses Part I line 16

“Description AmountAdmissions Tax 591Inspection Fee 90Business Licenses 1,735Music Licenses 280Website Expenses 240Misc Supplies 1,063”

Description of other assets Part II line 24

“Category Beginning of Year End of YearDonations Recievable 6,000 1,500Adjustments 16,465 12,026”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearLoan from B2C Enterprises 2,850 4,850Payroll Liabilities 122 354”

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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Roanoke
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt022465
IRS990EZ/OtherAssetsTotalDetail/EOYAmt013526
IRS990EZ/OtherExpensesTotalAmt03999
IRS990EZ/OtherRevenueTotalAmt015175
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To provide local entertainment
IRS990EZ/PrintingPublicationsPostageAmt01339
IRS990EZ/ProgramServiceRevenueAmt06413
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide music and entertainment in a small venue to local talent. Giving them a stage to perform.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt068790
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt025568
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0VA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02972
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt068790
IRS990EZ/TotalProgramServiceExpensesAmt068790
IRS990EZ/TotalRevenueAmt066403
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt044815
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt062237
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt065308
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt046610
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt047386
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0266356
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt037406
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt022923
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt09094
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt087521
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0457707
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountRental Income 15,175
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountAdmissions Tax 591Inspection Fee 90Business Licenses 1,735Music Licenses 280Website Expenses 240Misc Supplies 1,063
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearDonations Recievable 6,000 1,500Adjustments 16,465 12,026
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearLoan from B2C Enterprises 2,850 4,850Payroll Liabilities 122 354
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Charles B Neely
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05406852995
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Down by Downtown Music Inc
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0812334271
ReturnHeader/Filer/USAddress/AddressLine1Txt022 Kirk Avenue SW
ReturnHeader/Filer/USAddress/CityNm0Roanoke
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024011
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300410671
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Neelys Accounting Services Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 7296
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Roanoke
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024019
ReturnHeader/PreparerPersonGrp/PhoneNum05403662767
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Charles Neely CPA
ReturnHeader/ReturnTs02021-05-10T17:34:17-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Charles
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Neely
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,952
Liabilities
$5,204
Net assets
$23,748
Revenue
$66,403
Expenses
$68,790
Net income
-$2,387
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.49$1.94$1.91$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.46$1.60$1.52$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$1.79$1.60$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.69$0.74$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.05$0.24$0.66$0.69$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.26$1.08$0.98$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.16$1.03$0.95$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.07$0.09$0.99$0.91$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.03$0.01$0.81$0.85$0.04