Civic Intelligence

Spot Sun Valley Inc.

990 • Fiscal year 2022 • EIN 81-2964740

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 21, 2023

PO Box 4227Ketchum, ID 83340

(208) 928-6241

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.71x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

0.47x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

18th percentile

-22%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

30th percentile

-11%

Faster asset growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-27%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$209,506

Down $25,360 (-11%) from 2021

Net Assets

Down

$59,712

Down $71,700 (-55%) from 2021

Liabilities

Up

$149,794

Up $46,340 (+45%) from 2021

Revenue

Down

$321,549

Down $119,298 (-27%) from 2021

Expenses

Up

$393,249

Up $106,086 (+37%) from 2021

Net Income

Down

-$71,700

Down $225,384 (-147%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2017: $4,697Liabilities 2017: $10,785Net Assets 2017: -$6,0882017Assets 2018: $5,514Liabilities 2018: $13,888Net Assets 2018: -$8,3742018Assets 2019: $10,803Liabilities 2019: $17,638Net Assets 2019: -$6,8352019Assets 2020: $91,607Liabilities 2020: $113,879Net Assets 2020: -$22,2722020Assets 2021: $234,866Liabilities 2021: $103,454Net Assets 2021: $131,4122021Assets 2022: $209,506Liabilities 2022: $149,794Net Assets 2022: $59,7122022Assets 2023: $1,167,375Liabilities 2023: $144,810Net Assets 2023: $1,022,5652023Assets 2024: $1,182,856Liabilities 2024: $173,697Net Assets 2024: $1,009,1592024

Highlighted filing

2022

Assets$209,506
Liabilities$149,794
Net Assets$59,712

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $147,159Expenses 2017: $154,401Net Income 2017: -$7,2422017Revenue 2018: $178,199Expenses 2018: $180,485Net Income 2018: -$2,2862018Revenue 2019: $200,405Expenses 2019: $198,865Net Income 2019: $1,5402019Revenue 2020: $206,065Expenses 2020: $221,502Net Income 2020: -$15,4372020Revenue 2021: $440,847Expenses 2021: $287,163Net Income 2021: $153,6842021Revenue 2022: $321,549Expenses 2022: $393,249Net Income 2022: -$71,7002022Revenue 2023: $1,375,609Expenses 2023: $412,756Net Income 2023: $962,8532023Revenue 2024: $512,527Expenses 2024: $499,400Net Income 2024: $13,1272024

Highlighted filing

2022

Revenue$321,549
Expenses$393,249
Net Income-$71,700
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 21, 2023
Return Version
2022v5.0
Gross Receipts
$321,549
Mission and Program Overview

Mission

We provide an educational venue for young artists to collaborate with professional mentors and produce exhilarating works, contemporary and classical, in an effort to make theatre accessible to the larger community & explore our collective humanity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$101,011-
Cash and Non-Interest-Bearing Accounts$212,077$90,765▼ $121,312
Land, Buildings, and Equipment, Net$12,903$10,323▼ $2,580
Total Assets$234,866$209,506▼ $25,360
Other Assets Total$9,886$7,407▼ $2,479
Liabilities
Other Liabilities$103,454$149,794▲ $46,340
Total Liabilities$103,454$149,794▲ $46,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$131,412$59,712▼ $71,700
Total Net Assets Fund Balance$131,412$59,712▼ $71,700
Total Liabilities and Net Assets / Fund Balance$234,866$209,506▼ $25,360

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,323$4,014$14,337

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021-$100,000--$100,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike WadePresident
Penny WeissDevelopment
Susan FlyntDevelopment
Mary MottEmeritus
Maureen OttGovernance C
Susan ParslowGovernance C
Sara GorbySecretary
Michael KellyTechnology C
Revenue and Support

Revenue Composition

Contributions and Grants
$267,686
Program Service Revenue
$52,276
Investment Income
$1,587
Other Revenue
$0
All Other Contributions
$267,686
Change in Net Assets
$-71,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$321,549
Total Revenue per Audited Statements
$321,549
Total Revenue per Form 990
$321,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$232,536
Salaries, Compensation, and Employee Benefits$160,713
Total Fundraising Expense$27,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,852$14,224$21,216$149,292
Fees for Services Other$53,962--$53,962
Occupancy$35,761$4,394$4,394$44,549
Fees for Services Accounting-$22,285-$22,285
Payroll Taxes$11,421--$11,421
Office Expenses$4,519$3,615$903$9,037
Insurance$2,711$2,711-$5,422
Travel$3,522--$3,522
Depreciation Depletion$2,064$258$258$2,580
Other Expenses$622$1,473$295$622
All Other Expenses$322--$322
Advertising$222-$25$247
Total Functional Expenses$317,198$48,960$27,091$393,249

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$393,249
Total Expenses per Audited Statements$393,249
Total Expenses per Form 990$393,249
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$141,004
Credit Card$4,240
Accrued Interest Payable$4,100
Payroll Taxes$450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Mike wade kevin wade president employee father/son

Form 990, Page 6, Part VI, Line 11B

Board members review the form 990 prior to giving approval for electronic filing.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Spot Sun Valley Inc
EIN
81-2964740
Phone
2089286241
Address
PO BOX 4227, KETCHUM, ID 83340

Signing Officer

Name
Mike Wade
Title
President
Phone
2087265349
Signed
2023-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Wade
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
18

Preparer

Firm
Christy a Mcpherson CPA
Address
101 E BULLION ST STE 2G, HAILEY, ID 83333
Preparer
Christy a Mcpherson CPA
Phone
2087262741
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

We provide an educational venue for young artists to collaborate with professional mentors and produce exhilarating works, contemporary and classical, in an effort to make theatre accessible to the larger community & explore our collective humanity.

Form 990, Page 2, Part III, Line 4A

The spot was able to produce a full season of productions in 2022 for the first time since the pandemic shutdown. Featuring productions of sweeney todd, the sound inside and pass over in the main stage season and the drowsy chaperone for its tuition-free young company program (which served 16 high schoolers this year), the spot stage was alive with live theater. In total, nearly 2,000 audience members filled the seats. With pass over, the spot extended its reach by producing the play at the argyros, a large performing arts center in ketchum, idaho, which allowed for expanded audiences and nurtured larger conversations for the spot talk-back program after selected performances. As a newly-minted spt (small professional theater) by actors' equity association, the spot offered a record eight union contracts to theater professionals and matched the rate for over a dozen non-union artists, crew and musicians. Financially, the spot invested heavily in its work in 2022 to recapture the momentum that was suspended during the pandemic. Despite the high cost of show and contractor expenses, the organization expanded its payroll and kept its staff employed. The spot also utilized the employee retention credit offered by the irs for keeping its staff fully paid during the shutdown and expects to receive the refund checks in 2023.

Form 990, Part IX, Line 11G

ACTORS 53,962 0 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE PROVIDE AN EDUCATIONAL VENUE FOR YOUNG ARTISTS TO COLLABORATE WITH PROFESSIONAL MENTORS AND PRODUCE EXHILARATING WORKS, CONTEMPORARY AND CLASSICAL, IN AN EFFORT TO MAKE THEATRE ACCESSIBLE TO THE LARGER COMMUNITY & EXPLORE OUR COLLECTIVE HUMANITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SPOT WAS ABLE TO PRODUCE A FULL SEASON OF PRODUCTIONS IN 2022 FOR THE FIRST TIME SINCE THE PANDEMIC SHUTDOWN. FEATURING PRODUCTIONS OF SWEENEY TODD, THE SOUND INSIDE AND PASS OVER IN THE MAIN STAGE SEASON AND THE DROWSY CHAPERONE FOR ITS TUITION-FREE YOUNG COMPANY PROGRAM (WHICH SERVED 16 HIGH SCHOOLERS THIS YEAR), THE SPOT STAGE WAS ALIVE WITH LIVE THEATER. IN TOTAL, NEARLY 2,000 AUDIENCE MEMBERS FILLED THE SEATS. WITH PASS OVER, THE SPOT EXTENDED ITS REACH BY PRODUCING THE PLAY AT THE ARGYROS, A LARGE PERFORMING ARTS CENTER IN KETCHUM, IDAHO, WHICH ALLOWED FOR EXPANDED AUDIENCES AND NURTURED LARGER CONVERSATIONS FOR THE SPOT TALK-BACK PROGRAM AFTER SELECTED PERFORMANCES. AS A NEWLY-MINTED SPT (SMALL PROFESSIONAL THEATER) BY ACTORS' EQUITY ASSOCIATION, THE SPOT OFFERED A RECORD EIGHT UNION CONTRACTS TO THEATER PROFESSIONALS AND MATCHED THE RATE FOR OVER A DOZEN NON-UNION ARTISTS, CREW AND MUSICIANS. FINANCIALLY, THE SPOT INVESTED HEAVILY IN ITS WORK IN 2022 TO RECAPTURE THE MOMENTUM THAT WAS SUSPENDED DURING THE PANDEMIC. DESPITE THE HIGH COST OF SHOW AND CONTRACTOR EXPENSES, THE ORGANIZATION EXPANDED ITS PAYROLL AND KEPT ITS STAFF EMPLOYED. THE SPOT ALSO UTILIZED THE EMPLOYEE RETENTION CREDIT OFFERED BY THE IRS FOR KEEPING ITS STAFF FULLY PAID DURING THE SHUTDOWN AND EXPECTS TO RECEIVE THE REFUND CHECKS IN 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MIKE WADE KEVIN WADE PRESIDENT EMPLOYEE FATHER/SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS REVIEW THE FORM 990 PRIOR TO GIVING APPROVAL FOR ELECTRONIC FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACTORS 53,962 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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