Civic Intelligence

Floyd Creative Studios

990 • Fiscal year 2019 • EIN 81-3788373

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 11, 2020

Organization Profilefloydcreativestudios.org
206 S Locust StFloyd, VA 24091

(540) 239-9138

Siviq Scores

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

Liabilities / Assets

89th percentile

0.42x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

0.23x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

6th percentile

-78%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

88th percentile

$35,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 53.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-55%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

14th percentile

-36%

Faster revenue growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$36,711

Down $44,163 (-55%) from 2018

Net Assets

Down

$21,465

Down $50,802 (-70%) from 2018

Liabilities

Up

$15,246

Up $6,639 (+77%) from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin6th percentile

Revenue

Down

$65,301

Down $36,816 (-36%) from 2018

Expenses

Up

$116,103

Up $3,521 (+3.1%) from 2018

Net Income

Down

-$50,802

Down $40,337 (-385%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$150K$100K$50K$0Assets 2018: $80,874Liabilities 2018: $8,607Net Assets 2018: $72,2672018Assets 2019: $36,711Liabilities 2019: $15,246Net Assets 2019: $21,4652019Assets 2020: $111,907Liabilities 2020: $66,085Net Assets 2020: $45,8222020

Highlighted filing

2019

Assets$36,711
Liabilities$15,246
Net Assets$21,465
Open 2019 Filing

Operations Trend

Revenue Growth14th percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2018: $102,117Expenses 2018: $112,582Net Income 2018: -$10,4652018Revenue 2019: $65,301Expenses 2019: $116,103Net Income 2019: -$50,8022019Revenue 2020: $129,414Expenses 2020: $105,061Net Income 2020: $24,3532020

Highlighted filing

2019

Revenue$65,301
Expenses$116,103
Net Income-$50,802
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 11, 2020
Return Version
2019v5.0
Gross Receipts
$67,804
Mission and Program Overview

Mission

Teaching the creative process to the young people in our community through a variety of experiential programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,083$17,249▲ $4,166
Cash and Non-Interest-Bearing Accounts$60,298$14,727▼ $45,571
Inventories for Sale or Use$4,936$2,382▼ $2,554
Land, Buildings, and Equipment, Net$2,557$1,653▼ $904
Total Assets$80,874$36,711▼ $44,163
Other Assets Total-$700-
Liabilities
Deferred Revenue$6,565$13,151▲ $6,586
Accounts Payable and Accrued Expenses$804$1,265▲ $461
Other Liabilities$1,238$830▼ $408
Total Liabilities$8,607$15,246▲ $6,639
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$72,267$21,465▼ $50,802
Total Net Assets Fund Balance$72,267$21,465▼ $50,802
Total Liabilities and Net Assets / Fund Balance$80,874$36,711▼ $44,163

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,653$9,239-
Other Assets Org$700--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew D LockeExecutive DirectorPT$35,000$35,000
Thomas M TraynamVice President-$3,098$3,098
Joseph DejarnettePresident-$1,360$1,360

Board Members and Trustees

NameTitle
Jennifer FinnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,093
Program Service Revenue
$51,336
Investment Income
$0
Other Revenue
$1,872
All Other Contributions
$12,093
Change in Net Assets
$-50,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,832
Salaries, Compensation, and Employee Benefits$42,271
Total Fundraising Expense$2,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$24,500$8,750$1,750$35,000
Occupancy$11,538--$11,538
Conferences and Meetings$6,848--$6,848
Other Salaries and Wages$3,441-$763$4,204
Advertising$4,090--$4,090
Information Technology$3,064$533-$3,597
Payroll Taxes$2,188$680$199$3,067
Fees for Services Accounting-$3,020-$3,020
Travel$1,275--$1,275
Other Expenses$915--$915
Depreciation Depletion$904--$904
Office Expenses$727$82-$809
Insurance$702--$702
All Other Expenses$4$158-$162
Total Functional Expenses$100,168$13,223$2,712$116,103
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
Payroll Taxes Liabilitiy$830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“Draft of Form 990 is forwarded to Board Members for review prior to filing.”

Part VI Line 12C

“In accordance to Bylaws, the Board Members not in conflict would monitor”

Part VI Line 12C

“all transactions.”

Part VI Line 15A or B

“Executive Director - 2016”

Part VI Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Floyd Creative Studios
EIN
81-3788373
In Care Of
% Andrew D Locke
Phone
5402399138
Address
206 S Locust St, Floyd, VA 24091

Signing Officer

Name
Andrew D Locke
Title
Executive Director
Phone
5402399138
Signed
2020-06-11

Organization Details

Principal Officer
Andrew D Locke
Formed
2016
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
3
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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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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Floyd Creative Studios
ReturnHeader/Filer/BusinessNameControlTxt0FLOY
ReturnHeader/Filer/EIN0813788373
ReturnHeader/Filer/InCareOfNm0% Andrew D Locke
ReturnHeader/Filer/PhoneNum05402399138
ReturnHeader/Filer/USAddress/AddressLine1Txt0206 S Locust St
ReturnHeader/Filer/USAddress/CityNm0Floyd
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024091
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05C96900FB3154873A7247C2AD28D53A0968AF016
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05C96900FB3154873A7247C2AD28D53A0968AF016
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId021010520201630918520
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-06-11
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0O
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.37.87.229
ReturnHeader/ReturnTs02020-06-11T12:14:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,711
Liabilities
$15,246
Net assets
$21,465
Revenue
$65,301
Expenses
$116,103
Net income
-$50,802
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$1.12$0.66$0.46$1.29$1.05$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.15$0.21$0.65$1.16$0.51
2018Detailed filing. Detailed filing data is available for this year.$0.81$0.09$0.72$1.02$1.13$0.10