Civic Intelligence

Evolve Yoga Inc

990EZ • Fiscal year 2018 • EIN 82-0928734

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 03, 2019

141 Spruce LaneLaurel Springs, NC 28644

(336) 817-3489

Siviq Scores

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

Liabilities / Assets

96th percentile

1.30x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

3.45x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$364,191

No earlier filing loaded for comparison.

Net Assets

-$110,961

No earlier filing loaded for comparison.

Liabilities

$475,152

No earlier filing loaded for comparison.

Revenue

$137,560

No earlier filing loaded for comparison.

Expenses

$182,537

No earlier filing loaded for comparison.

Net Income

-$44,977

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2018: $364,191Liabilities 2018: $475,152Net Assets 2018: -$110,9612018Assets 2019: $344,262Liabilities 2019: $465,954Net Assets 2019: -$121,6922019Assets 2020: $0Net Assets 2020: $02020

Highlighted filing

2018

Assets$364,191
Liabilities$475,152
Net Assets-$110,961

Operations Trend

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

$200K$0-$200K-$400KRevenue 2018: $137,560Expenses 2018: $182,537Net Income 2018: -$44,9772018Revenue 2019: $114,381Expenses 2019: $125,113Net Income 2019: -$10,7322019Revenue 2020: -$261,351Expenses 2020: $74,888Net Income 2020: -$336,2392020

Highlighted filing

2018

Revenue$137,560
Expenses$182,537
Net Income-$44,977
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 3, 2019
Return Version
2018v3.1
Gross Receipts
$137,560
Mission and Program Overview

Mission

To make available trained and certified yoga teachers who welcome all into their studio and have a passion for teaching yoga in settings where it is not available or affordable.

Program Services

DescriptionGrantsExpenses
WE ARE A HATHA YOGA SUDIO LOCATED IN FORSYTH COUNTY, NORTH CAROLINA. WE USE TRAINED AND CERTIFIED TEACHERS WHO TEACH YOGA IN SETTINGS WHERE YOGA IS NOT READILY AFFORDABLE OR AVAILABLE, SUCH AS PRISONS, JUVENILE DETENTION CENTERS, SCHOOLS, HOSPITALS AND VETERAN GROUPS.-$182,396
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN BUDDPresidentPT$0--
AMANDA BALLTreasurer-$0--
ED BALLBoard Member-$0--
MISTY SEALSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Evolve Yoga Inc
EIN
82-0928734
Phone
3368173489
Address
141 SPRUCE LANE, LAUREL SPRINGS, NC 28644

Signing Officer

Name
John Budd
Title
President
Phone
3368173489
Signed
2019-07-03
Discuss with paid preparer
Yes

Preparer

Firm
Cannon & Company Llp
Address
2160 COUNTRY CLUB RD, WINSTONSALEM, NC 27104-4208
Preparer
Thomas M Borden
Phone
3367250635
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

REFUNDS 72 TOTAL 72

Form 990-ez, Part I, Line 16

Expenses advertising 449 office 1,111 travel 648 9,906 insurance 803 repairs & maintenance 290 training 643 telephone 2,639 supplies 2,395 auto 9,739 dues & subscriptions 2,700 yoga instructors 65,297 bank fees 4,680 evolve mountain 30,931 other expenses 539 meals 1,266 cost of goods 172 non-investment depreciation 3,154 total 137,362

Form 990-ez, Part II, Line 24

Inventories for sale or use 0 31 leasehold improvements 45,000 45,000 less accumulated depreciation 577 1,731 equipment 10,000 10,000 less accumulated depreciation 1,000 3,000 goodwill 345,000 345,000 less accumulated amortization 13,417 36,417 total 385,006 358,883

Form 990-ez, Part II, Line 26

Credit card payable 278 5,670 loans from officers 453,590 469,482

Form 990-ez, Part III

To make available trained and certified yoga teachers who welcome all into their studio and have a passion for teaching yoga in settings where it is not available or affordable.

Form 990-ez, Part III, Line 28

We are a hatha yoga sudio located in forsyth county, north carolina. We use trained and certified teachers who teach yoga in settings where yoga is not readily affordable or available, such as prisons, juvenile detention centers, schools, hospitals and veteran groups.

Raw XML Appendix154 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/PersonNm0JOHN BUDD
IRS990EZ/BooksInCareOfDetail/PhoneNum03368173489
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAUREL SPRINGS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
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IRS990EZ/PrimaryExemptPurposeTxt0TO MAKE AVAILABLE TRAINED AND CERTIFIED YOGA TEACHERS WHO WELCOME ALL INTO THEIR STUDIO AND HAVE A PASSION FOR TEACHING YOGA IN SETTINGS WHERE IT IS NOT AVAILABLE OR AFFORDABLE.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0182396
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1149111
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0BENGAL TIGER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PURCHASE OF YOGA STUDIO
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0400000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JOHN BUDD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OWNED BY OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0469482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REFUNDS 72 TOTAL 72
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 449 OFFICE 1,111 TRAVEL 648 9,906 INSURANCE 803 REPAIRS & MAINTENANCE 290 TRAINING 643 TELEPHONE 2,639 SUPPLIES 2,395 AUTO 9,739 DUES & SUBSCRIPTIONS 2,700 YOGA INSTRUCTORS 65,297 BANK FEES 4,680 EVOLVE MOUNTAIN 30,931 OTHER EXPENSES 539 MEALS 1,266 COST OF GOODS 172 NON-INVESTMENT DEPRECIATION 3,154 TOTAL 137,362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INVENTORIES FOR SALE OR USE 0 31 LEASEHOLD IMPROVEMENTS 45,000 45,000 LESS ACCUMULATED DEPRECIATION 577 1,731 EQUIPMENT 10,000 10,000 LESS ACCUMULATED DEPRECIATION 1,000 3,000 GOODWILL 345,000 345,000 LESS ACCUMULATED AMORTIZATION 13,417 36,417 TOTAL 385,006 358,883
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CREDIT CARD PAYABLE 278 5,670 LOANS FROM OFFICERS 453,590 469,482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO MAKE AVAILABLE TRAINED AND CERTIFIED YOGA TEACHERS WHO WELCOME ALL INTO THEIR STUDIO AND HAVE A PASSION FOR TEACHING YOGA IN SETTINGS WHERE IT IS NOT AVAILABLE OR AFFORDABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WE ARE A HATHA YOGA SUDIO LOCATED IN FORSYTH COUNTY, NORTH CAROLINA. WE USE TRAINED AND CERTIFIED TEACHERS WHO TEACH YOGA IN SETTINGS WHERE YOGA IS NOT READILY AFFORDABLE OR AVAILABLE, SUCH AS PRISONS, JUVENILE DETENTION CENTERS, SCHOOLS, HOSPITALS AND VETERAN GROUPS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03368173489
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ReturnHeader/Filer/EIN0820928734
ReturnHeader/Filer/PhoneNum03368173489
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ReturnHeader/FilingSecurityInformation/IPTm007:44:43
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0271044208
ReturnHeader/PreparerPersonGrp/PhoneNum03367250635
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M BORDEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-07-03T07:44:43-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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