Civic Intelligence

Evolve Yoga Inc

990EZ • Fiscal year 2019 • EIN 82-0928734

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 12, 2020

122B Reynolda VillageWinstonsalem, NC 27106

(336) 817-3489

Siviq Scores

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

Liabilities / Assets

96th percentile

1.35x

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

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

Liabilities / Revenue

99th percentile

4.07x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

24th percentile

-9.4%

Higher net margin than 24% of similar nonprofits.

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

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

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

Asset Growth

34th percentile

-5.5%

Faster asset growth than 34% of similar nonprofits.

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

Revenue Growth

27th percentile

-17%

Faster revenue growth than 27% of similar nonprofits.

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

Assets

Down

$344,262

Down $19,929 (-5.5%) from 2018

Net Assets

Down

-$121,692

Down $10,731 (-9.7%) from 2018

Liabilities

Down

$465,954

Down $9,198 (-1.9%) from 2018

Revenue

Down

$114,381

Down $23,179 (-17%) from 2018

Expenses

Down

$125,113

Down $57,424 (-31%) from 2018

Net Income

Up

-$10,732

Up $34,245 (+76%) from 2018

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

2019

Assets$344,262
Liabilities$465,954
Net Assets-$121,692

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

2019

Revenue$114,381
Expenses$125,113
Net Income-$10,732
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 12, 2020
Return Version
2019v5.0
Gross Receipts
$114,381
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.-$125,113
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN BUDDPresident-$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
122B REYNOLDA VILLAGE, WINSTONSALEM, NC 27106

Signing Officer

Name
John Budd
Title
President
Phone
3368173489
Signed
2020-08-12
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 16

Expenses advertising 3,470 office 3,246 insurance 528 repairs & maintenance 1,227 training 300 telephone 1,554 supplies 2,224 auto 4,654 dues & subscriptions 2,172 bank fees 4,414 other expenses 2,396 meals 142 misc expense 2,875 non-investment depreciation 3,154 total 32,356

Form 990-ez, Part II, Line 24

Inventories for sale or use 31 31 leasehold improvements 45,000 45,000 less accumulated depreciation 1,731 2,885 equipment 10,000 10,000 less accumulated depreciation 3,000 5,000 goodwill 345,000 345,000 less accumulated amortization 36,417 59,417 total 358,883 332,729

Form 990-ez, Part II, Line 26

Credit card payable 5,670 3,545 credit card payabl;e 0 927 loans from officers 469,482 461,482

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
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0141 SPRUCE LANE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAUREL SPRINGS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028644
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05309
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IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
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IRS990EZ/ExcessOrDeficitForYearAmt0-10732
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-110960
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IRS990EZ/OccupancyRentUtltsAndMaintAmt052244
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1AMANDA BALL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MISTY SEAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt0332729
IRS990EZ/OtherExpensesTotalAmt032356
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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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.
IRS990EZ/ProgramServiceRevenueAmt0114381
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WE 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0125113
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0475152
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0465954
IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TotalProgramServiceExpensesAmt0125113
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0137488
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0BENGAL TIGER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PURCHASE OF YOGA STUDIO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PAY EXPENSES OF ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0400000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JOHN BUDD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OWNED BY OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0461482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 3,470 OFFICE 3,246 INSURANCE 528 REPAIRS & MAINTENANCE 1,227 TRAINING 300 TELEPHONE 1,554 SUPPLIES 2,224 AUTO 4,654 DUES & SUBSCRIPTIONS 2,172 BANK FEES 4,414 OTHER EXPENSES 2,396 MEALS 142 MISC EXPENSE 2,875 NON-INVESTMENT DEPRECIATION 3,154 TOTAL 32,356
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 31 31 LEASEHOLD IMPROVEMENTS 45,000 45,000 LESS ACCUMULATED DEPRECIATION 1,731 2,885 EQUIPMENT 10,000 10,000 LESS ACCUMULATED DEPRECIATION 3,000 5,000 GOODWILL 345,000 345,000 LESS ACCUMULATED AMORTIZATION 36,417 59,417 TOTAL 358,883 332,729
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT CARD PAYABLE 5,670 3,545 CREDIT CARD PAYABL;E 0 927 LOANS FROM OFFICERS 469,482 461,482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO 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/ExplanationTxt4WE 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 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN BUDD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03368173489
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EVOLVE YOGA INC
ReturnHeader/Filer/BusinessNameControlTxt0EVOL
ReturnHeader/Filer/EIN0820928734
ReturnHeader/Filer/PhoneNum03368173489
ReturnHeader/Filer/USAddress/AddressLine1Txt0122B REYNOLDA VILLAGE
ReturnHeader/Filer/USAddress/CityNm0WINSTONSALEM
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ReturnHeader/Filer/USAddress/ZIPCd027106
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02020-08-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:14:26
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560727655
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANNON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02160 COUNTRY CLUB RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0271044208
ReturnHeader/PreparerPersonGrp/PhoneNum03367250635
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M BORDEN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-08-20T14:14:26-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings