Civic Intelligence

1761 Arts Inc.

990EZ • Fiscal year 2020 • EIN 82-1117858

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

316 Old Mill RoadEast Arlington, VT 05252

(917) 312-5995

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

96th percentile

83%

Higher net margin than 96% 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

94th percentile

240%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

99th percentile

517%

Faster revenue growth than 99% of similar nonprofits.

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

Assets

Up

$71,168

Up $50,235 (+240%) from 2019

Net Assets

Up

$71,168

Up $107,244 (+297%) from 2019

Liabilities

Down

$0

Down $57,009 (-100%) from 2019

Revenue

Up

$129,878

Up $108,830 (+517%) from 2019

Expenses

Down

$22,634

Down $9,797 (-30%) from 2019

Net Income

Up

$107,244

Up $118,627 (+1042%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2017: $114,229Liabilities 2017: $0Net Assets 2017: $114,2292017Assets 2018: $539,530Liabilities 2018: $435,623Net Assets 2018: $103,9072018Assets 2019: $20,933Liabilities 2019: $57,009Net Assets 2019: -$36,0762019Assets 2020: $71,168Liabilities 2020: $0Net Assets 2020: $71,1682020Assets 2021: $119,295Liabilities 2021: $0Net Assets 2021: $119,2952021Assets 2022: $119,901Liabilities 2022: $0Net Assets 2022: $119,9012022Assets 2023: $171,473Liabilities 2023: $0Net Assets 2023: $171,4732023Assets 2024: $168,549Liabilities 2024: $0Net Assets 2024: $168,5492024

Highlighted filing

2020

Assets$71,168
Liabilities$0
Net Assets$71,168

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2017: $137,900Expenses 2017: $23,671Net Income 2017: $114,2292017Revenue 2018: $91,434Expenses 2018: $101,756Net Income 2018: -$10,3222018Revenue 2019: $21,048Expenses 2019: $32,431Net Income 2019: -$11,3832019Revenue 2020: $129,878Expenses 2020: $22,634Net Income 2020: $107,2442020Revenue 2021: $58,103Expenses 2021: $9,976Net Income 2021: $48,1272021Revenue 2022: $42,945Expenses 2022: $42,339Net Income 2022: $6062022Revenue 2023: $62,577Expenses 2023: $11,005Net Income 2023: $51,5722023Revenue 2024: $1,100Expenses 2024: $4,024Net Income 2024: -$2,9242024

Highlighted filing

2020

Revenue$129,878
Expenses$22,634
Net Income$107,244
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.1
Gross Receipts
$129,878
Mission and Program Overview

Mission

Charitable and educational

The organizations mission is to foster collaborations on both the individual and organizational levels with the purpose of developing revolutionary ideas in the arts and humanities. These intitiatives are coupled with youth education and mentorship.

Program Services

DescriptionGrantsExpenses
EVENTS IN 2020 WERE CANCELLED DUE TO THE COVID-19 PANDEMIC. THE ORGANIZATION DID SUCCESSFULLY PURCHASE (AND BEGAN MAKING IMPROVEMENTS ON) A REAL ESTATE PROPERTY WHICH IS CURRENTLY INTENDED TO BE USED AS AN ARTIST SPACE/VENUE.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSHUA SHERMANPresidentPT$0--
DANIEL HEALYSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
1761 Arts Inc
EIN
82-1117858
Phone
9173125995
Address
316 OLD MILL ROAD, EAST ARLINGTON, VT 05252

Signing Officer

Name
Joshua Sherman
Title
President
Phone
9173125995
Signed
2021-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Hill & Thompson Pc
Address
PO BOX 2465, MANCHESTER CENTER, VT 05255
Preparer
Robert W Thompson CPA
Phone
8023621880
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 2.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: annual filing fees. Amount: 307. Description: supplies. Amount: 1,275. Description: utilities. Amount: 659. Description: real estate tax. Amount: 7,506. Description: insurance. Amount: 2,242. Description: repairs and maintenance. Amount: 9,080. Total to form 990-ez, line 16: 21,069.

Form 990-ez, Part II, Line 24 - Other Assets

Description: inventory. Beg. Of year amount: 20,000. End of year amount: 20,000.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: officer loan. Beg. Of year amount: 57,009. End of year amount: 0.

Raw XML Appendix178 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/PrimaryExemptPurposeTxt0THE ORGANIZATIONS MISSION IS TO FOSTER COLLABORATIONS ON BOTH THE INDIVIDUAL AND ORGANIZATIONAL LEVELS WITH THE PURPOSE OF DEVELOPING REVOLUTIONARY IDEAS IN THE ARTS AND HUMANITIES. THESE INTITIATIVES ARE COUPLED WITH YOUTH EDUCATION AND MENTORSHIP.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ANNUAL FILING FEES. AMOUNT: 307. DESCRIPTION: SUPPLIES. AMOUNT: 1,275. DESCRIPTION: UTILITIES. AMOUNT: 659. DESCRIPTION: REAL ESTATE TAX. AMOUNT: 7,506. DESCRIPTION: INSURANCE. AMOUNT: 2,242. DESCRIPTION: REPAIRS AND MAINTENANCE. AMOUNT: 9,080. TOTAL TO FORM 990-EZ, LINE 16: 21,069.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 20,000. END OF YEAR AMOUNT: 20,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: OFFICER LOAN. BEG. OF YEAR AMOUNT: 57,009. END OF YEAR AMOUNT: 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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