Civic Intelligence

Carlsbad Mainstreet Project Inc.

990 • Fiscal year 2018 • EIN 85-0464302

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 16, 2019

PO Box 302Carlsbad, NM 88221

(575) 628-3768

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.01x

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

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Net Margin

75th percentile

27%

Higher net margin than 75% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$49,699

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Asset Growth

86th percentile

66%

Faster asset growth than 86% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

76th percentile

40%

Faster revenue growth than 76% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$164,858

Up $65,276 (+66%) from 2017

Net Assets

Up

$163,056

Up $66,746 (+69%) from 2017

Liabilities

Down

$1,802

Down $1,470 (-45%) from 2017

Revenue

Up

$247,230

Up $70,200 (+40%) from 2017

Expenses

Down

$180,484

Down $7,507 (-4.0%) from 2017

Net Income

Up

$66,746

Up $77,707 (+709%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $51,548Liabilities 2010: $2,462Net Assets 2010: $49,0862010Assets 2011: $58,361Liabilities 2011: $1,914Net Assets 2011: $56,4472011Assets 2012: $55,730Liabilities 2012: $1,8072012Assets 2013: $65,662Liabilities 2013: $2,207Net Assets 2013: $63,4552013Assets 2014: $75,340Liabilities 2014: $2,238Net Assets 2014: $73,1022014Assets 2015: $78,755Liabilities 2015: $1,253Net Assets 2015: $77,5022015Assets 2016: $108,140Liabilities 2016: $869Net Assets 2016: $107,2712016Assets 2017: $99,582Liabilities 2017: $3,272Net Assets 2017: $96,3102017Assets 2018: $164,858Liabilities 2018: $1,802Net Assets 2018: $163,0562018Assets 2019: $189,703Liabilities 2019: $1,544Net Assets 2019: $188,1592019Assets 2020: $156,816Liabilities 2020: $755Net Assets 2020: $156,0612020Assets 2021: $254,336Liabilities 2021: $1,762Net Assets 2021: $252,5742021Assets 2022: $315,846Liabilities 2022: $8,034Net Assets 2022: $307,8122022Assets 2023: $299,002Liabilities 2023: $2,455Net Assets 2023: $296,5472023Assets 2024: $341,439Liabilities 2024: $2,154Net Assets 2024: $339,2852024

Highlighted filing

2018

Assets$164,858
Liabilities$1,802
Net Assets$163,056

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $96,659Expenses 2010: $63,800Net Income 2010: $32,8592010Revenue 2011: $93,059Expenses 2011: $85,698Net Income 2011: $7,3612011Revenue 2012: $95,164Expenses 2012: $87,340Net Income 2012: $7,8242012Revenue 2013: $97,027Expenses 2013: $87,495Net Income 2013: $9,5322013Revenue 2014: $97,294Expenses 2014: $87,647Net Income 2014: $9,6472014Revenue 2015: $112,725Expenses 2015: $108,325Net Income 2015: $4,4002015Revenue 2016: $190,559Expenses 2016: $160,790Net Income 2016: $29,7692016Revenue 2017: $177,030Expenses 2017: $187,991Net Income 2017: -$10,9612017Revenue 2018: $247,230Expenses 2018: $180,484Net Income 2018: $66,7462018Revenue 2019: $188,832Expenses 2019: $163,788Net Income 2019: $25,0442019Revenue 2020: $237,666Expenses 2020: $269,764Net Income 2020: -$32,0982020Revenue 2021: $276,566Expenses 2021: $180,039Net Income 2021: $96,5272021Revenue 2022: $375,938Expenses 2022: $320,700Net Income 2022: $55,2382022Revenue 2023: $288,535Expenses 2023: $299,800Net Income 2023: -$11,2652023Revenue 2024: $337,793Expenses 2024: $295,055Net Income 2024: $42,7382024

Highlighted filing

2018

Revenue$247,230
Expenses$180,484
Net Income$66,746
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 16, 2019
Return Version
2018v3.1
Gross Receipts
$333,967
Mission and Program Overview

Mission

The promotion, revitalization and preservation of downtown carlsbad.

The promotion, revitalization and preservation of downtown carlsbad, new mexico.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$96,310$163,056▲ $66,746
Cash and Non-Interest-Bearing Accounts$88,711$156,687▲ $67,976
Land, Buildings, and Equipment, Net$5,265$4,251▼ $1,014
Savings and Temporary Cash Investments$1,686--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$99,582$164,858▲ $65,276
Other Assets Total$3,920$3,920→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,272$1,802▼ $1,470
Total Liabilities$3,272$1,802▼ $1,470
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,310$163,056▲ $66,746
Total Liabilities and Net Assets / Fund Balance$99,582$164,858▲ $65,276

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,251$12,925$17,176
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karla HamelExecutive DirectorFT$47,299$2,400$49,699

Board Members and Trustees

NameTitle
Damian CapelloAdvertising Chair
Jason ShirleyDesign Committee Chair
Mark BarelaPromotion COM Chair
Larry MitchellPresident
Susan CrockettVice President
Cindy BryanDirector
Julie ChesterDirector
Lawanda SchollDirector
Mary GarwoodDirector
Shannon CarrEconomic Vitality
Ekta PatelSecretary
Missi CurrierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$78,780
Program Service Revenue
$173,407
Investment Income
$0
Other Revenue
$-4,957
All Other Contributions
$16,495
Change in Net Assets
$66,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,911
Salaries, Compensation, and Employee Benefits$71,823
Grants and Similar Amounts Paid$750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$49,699-$49,699
Advertising$40,290$1,501-$41,791
Other Salaries and Wages-$16,894-$16,894
Conferences and Meetings$9,678--$9,678
Occupancy-$5,700-$5,700
Payroll Taxes-$5,230-$5,230
Office Expenses-$4,309-$4,309
Other Expenses$1,579--$1,579
Insurance-$1,439-$1,439
Fees for Services Accounting-$1,206-$1,206
Depreciation Depletion-$1,013-$1,013
Grants to Domestic Individuals$750--$750
Interest-$19-$19
Total Functional Expenses$93,474$87,010$0$180,484
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$86,737
Fundraising Gross Income$80,086
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cavern Fest$124,041$62,506$80,827$-18,321
Gazebo Fundraiser$10,000$10,000-$10,000
Total Events$141,621$80,086$86,737$-6,651
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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, Part VI, Section A, Line 2

Jason shirley damian capello director director business relationship

Form 990, Part VI, Section B, Line 11B

The board reviews and approves the form 990 before filing takes place.

Form 990, Part VI, Section B, Line 15B

Compensation for employees is determined by quorum vote of board of directors.

Form 990, Part VI, Section C, Line 19

All governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Carlsbad Mainstreet Project
EIN
85-0464302
Phone
5756283768
Address
PO BOX 302, CARLSBAD, NM 88221

Signing Officer

Name
Larry Mitchell
Title
President
Phone
5756283768
Signed
2019-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Mitchell
Formed
1996
Legal Domicile
Nm
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
80

Preparer

Firm
Carr Riggs & Ingram LLC
Address
201 SOUTH HALAGUENO STREET, CARLSBAD, NM 88220
Preparer
Cindy Moffatt Bryan
Phone
5758854184
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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/Desc0CARLSBAD CITY CONTRACT
IRS990/ProgramServiceRevenueGrp/Desc1LODGERS TAX HOLIDAY
IRS990/ProgramServiceRevenueGrp/Desc2LODGERS TAX ADVERTISIN
IRS990/ProgramServiceRevenueGrp/Desc3EDDY COUNTRY FUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt074688
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145301
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239396
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt314022
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt074688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145301
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239396
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314022
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt023242
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0117469
IRS990/PYOtherRevenueAmt0332
IRS990/PYProgramServiceRevenueAmt0153456
IRS990/PYRevenuesLessExpensesAmt0-10961
IRS990/PYSalariesCompEmpBnftPaidAmt070522
IRS990/PYTotalExpensesAmt0187991
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0177030
IRS990/ReconcilationRevenueExpnssAmt066746
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0175101
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt096310
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0163056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01686
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt079779
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt023242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt052691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt09365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0169336
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt080087
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt073773
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt042356
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt017147
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt016371
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0229734
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.42430
IRS990ScheduleA/PublicSupportPY170Pct00.39680
IRS990ScheduleA/PublicSupportTotal170Amt0169336
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt079779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt023242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt052691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04259
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt09365
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0169336
IRS990ScheduleA/TotalSupportAmt0399070
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04251
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012925
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017176
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04251
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt061535
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt061535
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt086737
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CAVERN FEST
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GAZEBO FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0124041
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt07580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0141621
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt062506
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt07580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt080086
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-6651
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt05910
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt086737
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt080827
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JASON SHIRLEY DAMIAN CAPELLO DIRECTOR DIRECTOR BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS AND APPROVES THE FORM 990 BEFORE FILING TAKES PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR EMPLOYEES IS DETERMINED BY QUORUM VOTE OF BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt099582
IRS990/TotalAssetsEOYAmt0164858
IRS990/TotalAssetsGrp/BOYAmt099582
IRS990/TotalAssetsGrp/EOYAmt0164858
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt078780
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt087010
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt093474
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180484
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03272
IRS990/TotalLiabilitiesEOYAmt01802
IRS990/TotalLiabilitiesGrp/BOYAmt03272
IRS990/TotalLiabilitiesGrp/EOYAmt01802
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt096310
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0163056
IRS990/TotalOtherCompensationAmt02400
IRS990/TotalProgramServiceExpensesAmt093474
IRS990/TotalProgramServiceRevenueAmt0173407
IRS990/TotalReportableCompFromOrgAmt047299
IRS990/TotalRevenueGrp/ExclusionAmt0-6651
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0175101
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0247230
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.02$3.39$3.38$2.95$0.43
2023Summary only. Only limited summary data is available for this year.$2.99$0.02$2.97$2.89$3.00$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.08$3.08$3.76$3.21$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.02$2.53$2.77$1.80$0.97
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.01$1.56$2.38$2.70$0.32
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.02$1.88$1.89$1.64$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.65$0.02$1.63$2.47$1.80$0.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.03$0.96$1.77$1.88$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.01$1.07$1.91$1.61$0.30
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.01$0.78$1.13$1.08$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.02$0.73$0.97$0.88$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.02$0.63$0.97$0.87$0.10
2012Summary only. Only limited summary data is available for this year.$0.56$0.02$0.95$0.87$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.02$0.56$0.93$0.86$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.02$0.49$0.97$0.64$0.33