Civic Intelligence

Academy of Strings Foundation

990EZ • Fiscal year 2020 • EIN 83-0459299

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 24, 2020

Organization Profilewww.academyofstrings.com/foundation.html
PO Box 3431Johnson City, TN 37602

(423) 915-1212

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

22nd percentile

-19%

Higher net margin than 22% 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

35th percentile

-3.6%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

48th percentile

-16%

Faster revenue growth than 48% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$117,473

Down $4,412 (-3.6%) from 2019

Net Assets

$117,473

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin22nd percentile

Revenue

Down

$23,101

Down $4,406 (-16%) from 2019

Expenses

Up

$27,513

Up $8,565 (+45%) from 2019

Net Income

Down

-$4,412

Down $12,971 (-152%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$150K$100K$50K$0Assets 2011: $58,632Liabilities 2011: $0Net Assets 2011: $58,6322011Assets 2012: $76,204Net Assets 2012: $76,2042012Assets 2013: $96,416Net Assets 2013: $96,4162013Assets 2014: $104,701Net Assets 2014: $104,7012014Assets 2015: $101,308Net Assets 2015: $101,3082015Assets 2016: $108,742Net Assets 2016: $108,7422016Assets 2017: $109,640Liabilities 2017: $02017Assets 2018: $113,326Liabilities 2018: $02018Assets 2019: $121,885Liabilities 2019: $02019Assets 2020: $117,473Net Assets 2020: $117,4732020Assets 2021: $112,289Liabilities 2021: $02021Assets 2022: $105,471Net Assets 2022: $105,4712022Assets 2023: $99,850Net Assets 2023: $99,8502023Assets 2024: $82,910Net Assets 2024: $82,9102024Assets 2025: $86,548Net Assets 2025: $86,5482025

Highlighted filing

2020

Assets$117,473
Liabilities-
Net Assets$117,473
Open 2020 Filing

Operations Trend

Revenue Growth48th percentile

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

$40K$20K$0-$20KRevenue 2011: $26,521Expenses 2011: $19,074Net Income 2011: $7,4472011Revenue 2012: $28,427Expenses 2012: $10,855Net Income 2012: $17,5722012Revenue 2013: $26,834Expenses 2013: $6,622Net Income 2013: $20,2122013Revenue 2014: $23,057Expenses 2014: $14,772Net Income 2014: $8,2852014Revenue 2015: $11,805Expenses 2015: $15,198Net Income 2015: -$3,3932015Revenue 2016: $24,753Expenses 2016: $17,319Net Income 2016: $7,4342016Revenue 2017: $24,733Expenses 2017: $23,835Net Income 2017: $8982017Revenue 2018: $17,900Expenses 2018: $14,214Net Income 2018: $3,6862018Revenue 2019: $27,507Expenses 2019: $18,948Net Income 2019: $8,5592019Revenue 2020: $23,101Expenses 2020: $27,513Net Income 2020: -$4,4122020Revenue 2021: $16,550Expenses 2021: $21,734Net Income 2021: -$5,1842021Revenue 2022: $16,872Expenses 2022: $23,690Net Income 2022: -$6,8182022Revenue 2023: $25,181Expenses 2023: $30,802Net Income 2023: -$5,6212023Revenue 2024: $15,350Expenses 2024: $32,290Net Income 2024: -$16,9402024Revenue 2025: $33,975Expenses 2025: $30,337Net Income 2025: $3,6382025

Highlighted filing

2020

Revenue$23,101
Expenses$27,513
Net Income-$4,412
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 24, 2020
Return Version
2019v5.1
Gross Receipts
$23,101
Mission and Program Overview

Mission

CHARITABLE FOUNDATION

Program Services

DescriptionGrantsExpenses
The Foundation promotes and supports the educational purposes of Academy of Strings, a Tennessee non-profit corporation exempt from federal income tax under Sec. 501c3 of the IRC., as it fundraising organization.-$25,942
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BILL MESSERSCHMIDTChariman-$0--
JONATHAN BELLTreasurer-$0--
KIMBERLY BARRETTSecretary-$0--
GIRI HOSKERETrustee/Director-$0--
TIM BARRETTTrustee/Director-$0--
Filing and Contact Details

Filer

Filer Name
Academy of Strings Foundation
EIN
83-0459299
Phone
4239151212
Address
PO BOX 3431, JOHNSON CITY, TN 37602

Signing Officer

Name
Kim Barrett
Title
Secretary
Signed
2020-09-24
Discuss with paid preparer
Yes

Preparer

Firm
Southeastern Tax & Accounting PC
Address
PO Box 366, Bristol, TN 37621-0366
Preparer
A Joseph Vance II CPA
Phone
4239689236
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10, Grants Paid

“Activity , Grantee ACADEMY OF STRINGS PO BOX 3431 JOHNSON CITY TN 37602, Cash Grant 25,942, Relationship Creator”

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

“Supplies 40”

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

“Bank service charge 221”

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

“INVENTORY Beginning of year 5,182, End of year 5,182”

Raw XML Appendix164 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0JOHNSON CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd037602
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0116703
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHARIMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE/DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05182
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05182
IRS990EZ/OtherExpensesTotalAmt0261
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CHARITABLE FOUNDATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Foundation promotes and supports the educational purposes of Academy of Strings, a Tennessee non-profit corporation exempt from federal income tax under Sec. 501c3 of the IRC., as it fundraising organization.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt025942
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt027513
IRS990EZ/TotalProgramServiceExpensesAmt025942
IRS990EZ/TotalRevenueAmt023101
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.academyofstrings.com/foundation.html
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt023101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt017900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt024733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt024742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0110072
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt0110072
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0621733110
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt025942
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ACADEMY OF STRINGS
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt023101
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt019596
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt017900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt024733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024742
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0110072
IRS990ScheduleA/TotalSupportAmt0110083
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity , Grantee ACADEMY OF STRINGS PO BOX 3431 JOHNSON CITY TN 37602, Cash Grant 25,942, Relationship Creator
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Supplies 40
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank service charge 221
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INVENTORY Beginning of year 5,182, End of year 5,182
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KIM BARRETT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-24
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ReturnHeader/Filer/PhoneNum04239151212
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm017:28:19
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 366
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bristol
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0376210366
ReturnHeader/PreparerPersonGrp/PhoneNum04239689236
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A Joseph Vance II CPA
ReturnHeader/ReturnTs02020-09-24T02:39:50-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$117,473
Liabilities
-
Net assets
$117,473
Revenue
$23,101
Expenses
$27,513
Net income
-$4,412
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.87$0.87$0.34$0.30$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.83$0.83$0.15$0.32$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.00$1.00$0.25$0.31$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.05$1.05$0.17$0.24$0.07
2021Summary only. Only limited summary data is available for this year.$1.12$0.00$0.17$0.22$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.17$1.17$0.23$0.28$0.04
2019Summary only. Only limited summary data is available for this year.$1.22$0.00$0.28$0.19$0.09
2018Summary only. Only limited summary data is available for this year.$1.13$0.00$0.18$0.14$0.04
2017Summary only. Only limited summary data is available for this year.$1.10$0.00$0.25$0.24$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.09$1.09$0.25$0.17$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.01$1.01$0.12$0.15$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.05$1.05$0.23$0.15$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.96$0.27$0.07$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.76$0.28$0.11$0.18
2011Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$0.27$0.19$0.07