Civic Intelligence

Phoenix Theatre Building Corporation

990 • Fiscal year 2019 • EIN 82-4981884

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 07, 2020

Organization ProfileN/A
705 No Illinois StreetIndianapolis, IN 46204

(317) 635-7529

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.88x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

48.32x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Net Margin

9th percentile

-167%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Asset Growth

8th percentile

-7.9%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-90%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$11,015,157

Down $949,366 (-7.9%) from 2018

Net Assets

Down

$1,314,169

Down $329,801 (-20%) from 2018

Liabilities

Down

$9,700,988

Down $619,565 (-6.0%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin9th percentile

Revenue

Down

$200,774

Down $1,776,507 (-90%) from 2018

Expenses

Up

$536,050

Up $202,566 (+61%) from 2018

Net Income

Down

-$335,276

Down $1,979,073 (-120%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$15M$10M$5.0M$0Assets 2018: $11,964,523Liabilities 2018: $10,320,553Net Assets 2018: $1,643,9702018Assets 2019: $11,015,157Liabilities 2019: $9,700,988Net Assets 2019: $1,314,1692019Assets 2020: $10,742,492Liabilities 2020: $9,700,000Net Assets 2020: $1,042,4922020Assets 2021: $10,438,510Liabilities 2021: $9,700,000Net Assets 2021: $738,5102021Assets 2022: $10,071,425Liabilities 2022: $9,700,000Net Assets 2022: $371,4252022Assets 2023: $9,822,430Liabilities 2023: $9,700,000Net Assets 2023: $122,4302023Assets 2024: $9,352,980Liabilities 2024: $3,210,000Net Assets 2024: $6,142,9802024

Highlighted filing

2019

Assets$11,015,157
Liabilities$9,700,988
Net Assets$1,314,169
Open 2019 Filing

Operations Trend

Revenue Growth8th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $1,977,281Expenses 2018: $333,484Net Income 2018: $1,643,7972018Revenue 2019: $200,774Expenses 2019: $536,050Net Income 2019: -$335,2762019Revenue 2020: $200,246Expenses 2020: $471,923Net Income 2020: -$271,6772020Revenue 2021: $200,074Expenses 2021: $504,056Net Income 2021: -$303,9822021Revenue 2022: $200,027Expenses 2022: $567,112Net Income 2022: -$367,0852022Revenue 2023: $200,022Expenses 2023: $449,017Net Income 2023: -$248,9952023Revenue 2024: $6,540,000Expenses 2024: $519,450Net Income 2024: $6,020,5502024

Highlighted filing

2019

Revenue$200,774
Expenses$536,050
Net Income-$335,276
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 7, 2020
Return Version
2019v5.0
Gross Receipts
$200,774
Mission and Program Overview

Mission

To hold title to and manage real & personal property for the benefit of phoenix theatre inc, indianapolis, in; to distribute net income in excess of expenses and debt service to phoenix theatre inc, and assist phoenix theatre inc in promoting economic growth of marion county, indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,511,511$10,271,986▼ $239,525
Intangible Assets$363,023$352,475▼ $10,548
Cash and Non-Interest-Bearing Accounts$116,773--
Prepaid Expenses and Deferred Charges$150,000$75,000▼ $75,000
Accounts Receivable-$15,000-
Total Assets$11,964,523$11,015,157▼ $949,366
Other Assets Total$823,216$300,696▼ $522,520
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,700,000$9,700,000→ $0
Other Liabilities$116,561--
Accounts Payable and Accrued Expenses$503,992$988▼ $503,004
Total Liabilities$10,320,553$9,700,988▼ $619,565
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,643,970$1,314,169▼ $329,801
Total Net Assets Fund Balance$1,643,970$1,314,169▼ $329,801
Total Liabilities and Net Assets / Fund Balance$11,964,523$11,015,157▼ $949,366

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,860,000-$1,860,000
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
James ShookPresident,tr
Jim KincannonDirector
Mark GastineauDirector
Michael FlintDirector
Steve HamiltonDirector
Frank HoffmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$200,000
Investment Income
$774
Other Revenue
$0
Change in Net Assets
$-335,276

Audited Revenue Reconciliation

Revenue per Audited Statements
$200,774
Total Revenue per Audited Statements
$200,774
Total Revenue per Form 990
$200,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$536,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$255,548
Interest---$97,000
Payments to Affiliates---$90,741
Fees for Services Accounting---$12,250
Fees for Services Legal---$5,271
Other Expenses---$240
Total Functional Expenses$0$0$0$536,050

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$536,050
Expenses per Audited Statements$520,027
Total Expenses per Audited Statements$520,027
Expenses Not Reported on Financial Statements$16,023
Other Expense Adjustments$16,023
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 11B

“Form 990 is reviewed by a director, the president and counsel before filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available on indiana secretary of state website at in.gov”

Filing and Contact Details

Filer

Filer Name
Phoenix Theatre Building
EIN
82-4981884
Address
705 NO ILLINOIS STREET, INDIANAPOLIS, IN 46204

Signing Officer

Name
James Shook
Title
President,treasurer
Phone
3176357529
Signed
2020-03-07

Organization Details

Principal Officer
James Shook
Formed
2018
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Daryl R Martz CPA
Address
P O BOX 55791, INDIANAPOLIS, IN 46205-5791
Preparer
Daryl R Martz
Phone
3175433500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To hold title to and manage real & personal property for the benefit of phoenix theatre inc, indianapolis, in; to distribute net income in excess of expenses and debt service to phoenix theatre inc, and assist phoenix theatre inc in promoting economic growth of marion county, indiana.”

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

“To hold title to and manage real & personal property for the benefit of phoenix theatre inc, indianapolis, in; to distribute net income in excess of expenses and debt service to phoenix theatre inc, and assist phoenix theatre inc in promoting economic growth of marion county, indiana.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 16,023”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 16,023”

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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES SHOOK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT,TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03176357529
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHOENIX THEATRE BUILDING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PHOE
ReturnHeader/Filer/EIN0824981884
ReturnHeader/Filer/USAddress/AddressLine1Txt0705 NO ILLINOIS STREET
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046204
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B0264D4E02B69CBA071E1678EF50961BE1D4F031
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B0264D4E02B69CBA071E1678EF50961BE1D4F031
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.202.62.17
ReturnHeader/FilingSecurityInformation/IPDt02020-03-07
ReturnHeader/FilingSecurityInformation/IPTm014:15:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351830956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DARYL R MARTZ CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 55791
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462055791
ReturnHeader/PreparerPersonGrp/PhoneNum03175433500
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARYL R MARTZ
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-05-20T13:53:15-05:00
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
$11,015,157
Liabilities
$9,700,988
Net assets
$1,314,169
Revenue
$200,774
Expenses
$536,050
Net income
-$335,276
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$3.21$6.14$6.54$0.52$6.02
2023Detailed filing. Detailed filing data is available for this year.$9.82$9.70$0.12$0.20$0.45$0.25
2022Detailed filing. Detailed filing data is available for this year.$10.1$9.70$0.37$0.20$0.57$0.37
2021Detailed filing. Detailed filing data is available for this year.$10.4$9.70$0.74$0.20$0.50$0.30
2020Detailed filing. Detailed filing data is available for this year.$10.7$9.70$1.04$0.20$0.47$0.27
2019Detailed filing. Detailed filing data is available for this year.$11.0$9.70$1.31$0.20$0.54$0.34
2018Summary only. Only limited summary data is available for this year.$12.0$10.3$1.64$1.98$0.33$1.64