Civic Intelligence

Next Edge Arts Inc.

990EZ • Fiscal year 2022 • EIN 84-3535421

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 27, 2023

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

59th percentile

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • NTEE A20 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.01x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • NTEE A20 • <$500k nonprofits • Source year 2022

Net Margin

37th percentile

0.1%

Higher net margin than 37% of similar nonprofits.

2022 filings • NTEE A20 • <$500k nonprofits • Source year 2022

Top Officer Pay

85th percentile

$15,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2022 filings • NTEE A20 • <$500k nonprofits • Source year 2022

Asset Growth

52nd percentile

1.3%

Faster asset growth than 52% of similar nonprofits.

2022 filings • NTEE A20 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

0.1%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • NTEE A20 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$127,291

Up $1,604 (+1.3%) from 2021

Net Assets

Up

$125,791

Up $104 (+0.1%) from 2021

Liabilities

Up

$1,500

Up $1,500 from 2021

Revenue

Up

$161,602

Up $187 (+0.1%) from 2021

Expenses

Up

$161,499

Up $77,730 (+93%) from 2021

Net Income

Down

$103

Down $77,543 (-100%) from 2021

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

2022

Assets$127,291
Liabilities$1,500
Net Assets$125,791

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

2022

Revenue$161,602
Expenses$161,499
Net Income$103
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 27, 2023
Return Version
2022v5.0
Gross Receipts
$161,602
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. - OUR 20 FELLOWS BENEFITED FROM IN PERSON MULTI-WEEK EXPERIENCE CONSISTING OF PERFORMANCES, INDIVIDUAL LESSONS, COACHINGS, WORKSHOPS AND MASTERCLASSES. - OUR CONCERTS HAD 121 "LIVE" ATTENDEES - OUR ARCHIVED VIDEOS HAVE BEEN VIEWED 9.7 THOUSAND TIMES VIA YOUTUBE - OUR SOCIAL MEDIA ADS HAVE RECEIVED 77,160 IMPRESSIONS WITH 3,183 CLICKS - OUR FACEBOOK VIDEOS HAVE BEEN VIEWED 10.9 THOUSAND TIMES-$134,111
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PETER ASKIMArtistic DirectorPT$15,000-$15,000
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
2023-04-27
Discuss with paid preparer
Yes

Preparer

Firm
Rabon & Dailey Llp
Address
131 WIND CHIME COURT SUITE A, RALEIGH, NC 27615
Preparer
Jill R Ruvidich
Phone
9198440565
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising & promotion 392 social media 1,594 marketing/promotion 1,155 public relations 486 development 3,159 marketing/social media 18,938 accounting software 330 bank service charge 627 dues & subscriptions 292 office supplies 2,199 online storage 120 qb payment fees 37 paypal fees 2 food & beverage 209 meals 184 meals-students & artists 2,950 meals & entertainment 1,769 parking 26 meals 40 subway fare 23 travel-artist reimburse 592 travel-student reimburse 118 taxi 92 gasoline 211 insurance 2,234 total 37,779

Form 990-ez, Part II, Line 24

Accounts receivable 50 25,460 prepaid expenses and deferred charges 0 2,310 total 50 27,770

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,500

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. - our 20 fellows benefited from in person multi-week experience consisting of performances, individual lessons, coachings, workshops and masterclasses. - our concerts had 121 "live" attendees - our archived videos have been viewed 9.7 thousand times via youtube - our social media ads have received 77,160 impressions with 3,183 clicks - our facebook videos have been viewed 10.9 thousand times

Raw XML Appendix156 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & PROMOTION 392 SOCIAL MEDIA 1,594 MARKETING/PROMOTION 1,155 PUBLIC RELATIONS 486 DEVELOPMENT 3,159 MARKETING/SOCIAL MEDIA 18,938 ACCOUNTING SOFTWARE 330 BANK SERVICE CHARGE 627 DUES & SUBSCRIPTIONS 292 OFFICE SUPPLIES 2,199 ONLINE STORAGE 120 QB PAYMENT FEES 37 PAYPAL FEES 2 FOOD & BEVERAGE 209 MEALS 184 MEALS-STUDENTS & ARTISTS 2,950 MEALS & ENTERTAINMENT 1,769 PARKING 26 MEALS 40 SUBWAY FARE 23 TRAVEL-ARTIST REIMBURSE 592 TRAVEL-STUDENT REIMBURSE 118 TAXI 92 GASOLINE 211 INSURANCE 2,234 TOTAL 37,779
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 50 25,460 PREPAID EXPENSES AND DEFERRED CHARGES 0 2,310 TOTAL 50 27,770
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADVANCING THE DEVELOPMENT OF CONTEMPORARY CONCERT MUSIC AND OTHER FORMS OF ARTISTIC EXPRESSION THROUGH PERFORMANCE, AUDIENCE ENGAGEMENT AND NURTURING EMERGING ARTISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADVANCING 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. - OUR 20 FELLOWS BENEFITED FROM IN PERSON MULTI-WEEK EXPERIENCE CONSISTING OF PERFORMANCES, INDIVIDUAL LESSONS, COACHINGS, WORKSHOPS AND MASTERCLASSES. - OUR CONCERTS HAD 121 "LIVE" ATTENDEES - OUR ARCHIVED VIDEOS HAVE BEEN VIEWED 9.7 THOUSAND TIMES VIA YOUTUBE - OUR SOCIAL MEDIA ADS HAVE RECEIVED 77,160 IMPRESSIONS WITH 3,183 CLICKS - OUR FACEBOOK VIDEOS HAVE BEEN VIEWED 10.9 THOUSAND TIMES
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/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ARTISTIC DIRECTOR
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JILL R RUVIDICH
ReturnHeader/ReturnTs02023-05-02T18:21:54-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PETER
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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