Civic Intelligence

Next Edge Arts Inc.

990EZ • Fiscal year 2020 • EIN 84-3535421

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 30, 2021

406 Frank StRaleigh, NC 27604

(808) 393-5291

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.00x

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

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Net Margin

79th percentile

41%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$10,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2020 filings • NTEE A20 • <$500k nonprofits • Source year 2020

Asset Growth

100th percentile

4804100%

Faster asset growth than 100% of similar nonprofits.

2020 filings • NTEE A20 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Up

$48,042

Up $48,041 (+4804100%) from 2019

Net Assets

$48,042

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$118,341

Up $118,341 from 2019

Expenses

Up

$70,299

Up $70,299 from 2019

Net Income

Up

$48,042

Up $48,042 from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2019: $1Liabilities 2019: $02019Assets 2020: $48,042Liabilities 2020: $0Net Assets 2020: $48,0422020Assets 2021: $125,687Liabilities 2021: $0Net Assets 2021: $125,6872021Assets 2022: $127,291Liabilities 2022: $1,500Net Assets 2022: $125,7912022Assets 2023: $216,772Liabilities 2023: $25,122Net Assets 2023: $191,6502023Assets 2024: $94,604Liabilities 2024: $41Net Assets 2024: $94,5632024

Highlighted filing

2020

Assets$48,042
Liabilities$0
Net Assets$48,042

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $118,341Expenses 2020: $70,299Net Income 2020: $48,0422020Revenue 2021: $161,415Expenses 2021: $83,769Net Income 2021: $77,6462021Revenue 2022: $161,602Expenses 2022: $161,499Net Income 2022: $1032022Revenue 2023: $277,332Expenses 2023: $211,473Net Income 2023: $65,8592023Revenue 2024: $188,677Expenses 2024: $285,764Net Income 2024: -$97,0872024

Highlighted filing

2020

Revenue$118,341
Expenses$70,299
Net Income$48,042
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 30, 2021
Return Version
2020v4.0
Gross Receipts
$118,341
Mission and Program Overview

Mission

Advancing the development of contemporary concert music and other forms of artistic expression through performance, audience engagement and nurturing emerging artists.

Program Services

DescriptionGrantsExpenses
ADVANCING THE DEVELOPMENT OF CONTEMPORARY MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS. MANY INDIVIDUALS BENEFITED FROM OUR PROGRAMS. - FACEBOOK CONNECTS REACHED 119,743 PEOPLE. - FACEBOOK FESTIVAL REACHED 378,066 PEOPLE. - YOUTUBE HAD 3,000 VIEWS, WITH 251 HOURS WATCHED AND 30,000 IMPRESSIONS - SOCIAL MEDIA ADVERTISING REACHED 409.025 PEOPLE, AND RECEIVED 7,524 LINK CLICKS - 1,694 RSVPS WERE RECEIVED, AND WE HAD 1,162 ATTENDEES.-$64,186
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PETER ASKIMArtistic DirectorPT$10,000-$10,000
GUY STORYPresident-$0--
ANN GRIGGTreasurer-$0--
LYDIA KONTOSSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Next Edge Arts Inc
EIN
84-3535421
Phone
8083935291
Address
406 FRANK ST, RALEIGH, NC 27604

Signing Officer

Name
Peter Askim
Title
Artistic Director
Phone
8083935291
Signed
2021-03-30
Discuss with paid preparer
Yes

Preparer

Firm
Rabon & Dailey Llp
Address
131 WIND CHIME COURT SUITE A, RALEIGH, NC 27615
Preparer
Richard E Proctor
Phone
9198440565
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising & promotion 21,576 office expense 1,603 dues & subscriptions 359 bank service charge 152 other taxes 683 development 2,031 travel 14 meals 107 insurance 1,883 supplies 5 project expense 652 total 29,065

Form 990-ez, Part II, Line 24

Accounts receivable 0 965 total 0 965

Form 990-ez, Part III

Advancing the development of contemporary concert music and other forms of artistic expression through performance, audience engagement and nurturing emerging artists.

Form 990-ez, Part III, Line 28

Advancing the development of contemporary music and other forms of artistic expression through performance, audience engagement and nurturing emerging artists. Many individuals benefited from our programs. - facebook connects reached 119,743 people. - facebook festival reached 378,066 people. - youtube had 3,000 views, with 251 hours watched and 30,000 impressions - social media advertising reached 409.025 people, and received 7,524 link clicks - 1,694 rsvps were received, and we had 1,162 attendees.

Raw XML Appendix138 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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CompensationExplanation/CompensationExplanationGrp/PersonNm1GUY STORY
CompensationExplanation/CompensationExplanationGrp/PersonNm2ANN GRIGG
CompensationExplanation/CompensationExplanationGrp/PersonNm3LYDIA KONTOS
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0PETER ASKIM
IRS990EZ/BooksInCareOfDetail/PhoneNum08083935291
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0406 FRANK ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
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IRS990EZ/ExcessOrDeficitForYearAmt048042
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0965
IRS990EZ/OtherExpensesTotalAmt029065
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0ADVANCING THE DEVELOPMENT OF CONTEMPORARY CONCERT MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS.
IRS990EZ/PrintingPublicationsPostageAmt0211
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt064186
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt070299
IRS990EZ/TotalProgramServiceExpensesAmt064186
IRS990EZ/TotalRevenueAmt0118341
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0118339
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0118339
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0118339
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0118341
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & PROMOTION 21,576 OFFICE EXPENSE 1,603 DUES & SUBSCRIPTIONS 359 BANK SERVICE CHARGE 152 OTHER TAXES 683 DEVELOPMENT 2,031 TRAVEL 14 MEALS 107 INSURANCE 1,883 SUPPLIES 5 PROJECT EXPENSE 652 TOTAL 29,065
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 965 TOTAL 0 965
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADVANCING THE DEVELOPMENT OF CONTEMPORARY CONCERT MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADVANCING THE DEVELOPMENT OF CONTEMPORARY MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS. MANY INDIVIDUALS BENEFITED FROM OUR PROGRAMS. - FACEBOOK CONNECTS REACHED 119,743 PEOPLE. - FACEBOOK FESTIVAL REACHED 378,066 PEOPLE. - YOUTUBE HAD 3,000 VIEWS, WITH 251 HOURS WATCHED AND 30,000 IMPRESSIONS - SOCIAL MEDIA ADVERTISING REACHED 409.025 PEOPLE, AND RECEIVED 7,524 LINK CLICKS - 1,694 RSVPS WERE RECEIVED, AND WE HAD 1,162 ATTENDEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER ASKIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ARTISTIC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08083935291
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEXT EDGE ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0NEXT
ReturnHeader/Filer/EIN0843535421
ReturnHeader/Filer/PhoneNum08083935291
ReturnHeader/Filer/USAddress/AddressLine1Txt0406 FRANK ST
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027604
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561761295
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RABON & DAILEY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0131 WIND CHIME COURT SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198440565
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD E PROCTOR
ReturnHeader/ReturnTs02021-04-29T10:17:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PETER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ASKIM
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits