Civic Intelligence

Lovegood Performing Arts Company

EIN 85-1341431 • 501(c)3 • Beaverton, OR

Profile

Lovegood performing arts company seeks to nurture the god-given potential in young performers by fostering an environment of belonging, mastery, inspiration, and self-advocacy. We at lovegood performing arts company, seek to tell compelling stories through the arts that challenge our audiences to think and engage; furthering our ability to captivate the wonder there is in our world. We aspire to build a community where every individual who encounters our company secures not just the confidence of having the professional skills for the performance world, but also embraces the innate knowledge that they have true value in their character and worth. They will in turn change the world around them by making and experiencing art together.

16260 NW Bronson RoadBeaverton, OR 97006

lovegood.company

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

55th percentile

4.1%

Higher net margin than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

88th percentile

$22,863

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

5.6%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$103,809

Up $21,061 (+25%) from 2020

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$103,809

Up $21,061 (+25%) from 2020

Revenue

Up

$261,974

Up $165,110 (+170%) from 2020

Expenses

Up

$226,914

Up $212,798 (+1507%) from 2020

Net Income

Down

$35,060

Down $47,688 (-58%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2020: $82,748Net Assets 2020: $82,7482020Assets 2022: $103,809Liabilities 2022: $0Net Assets 2022: $103,8092022

Highlighted filing

2022

Assets$103,809
Liabilities$0
Net Assets$103,809

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2020: $96,864Expenses 2020: $14,116Net Income 2020: $82,7482020Revenue 2022: $261,974Expenses 2022: $226,914Net Income 2022: $35,0602022

Highlighted filing

2022

Revenue$261,974
Expenses$226,914
Net Income$35,060

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 5, 2023
Return Version
2022v5.0
Gross Receipts
$269,208
Mission and Program Overview

Mission

Lovegood performing arts company seeks to nurture the god-given potential in young performers by fostering an environment of belonging, mastery, inspiration, and self-advocacy. We at lovegood performing arts company, seek to tell compelling stories through the arts that challenge our audiences to think and engage; furthering our ability to captivate the wonder there is in our world. We aspire to build a community where every individual who encounters our company secures not just the confidence of having the professional skills for the performance world, but also embraces the innate knowledge that they have true value in their character and worth. They will in turn change the world around them by making and experiencing art together.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$57,588$82,126▲ $24,538
Land, Buildings, and Equipment, Net$2,624$21,683▲ $19,059
Total Assets$68,749$103,809▲ $35,060
Other Assets Total$8,537--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,749$103,809▲ $35,060
Total Net Assets Fund Balance$68,749$103,809▲ $35,060
Total Liabilities and Net Assets / Fund Balance$68,749$103,809▲ $35,060

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,560$1,230$14,790
Equipment$8,123$280$8,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amy BowmanDirectorPT$23,001$23,001
Evan AldretePresidentPT$2,260$2,260
Nathan GoffSecretary/trPT$767$767

Board Members and Trustees

NameTitle
Amy AldreteDirector
Amy GoffDirector
Laura TaylorDirector
Matthew BowmanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$59,900
Program Service Revenue
$196,964
Investment Income
$-936
Other Revenue
$6,046
All Other Contributions
$59,900
Change in Net Assets
$35,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$162,305
Salaries, Compensation, and Employee Benefits$64,609
Total Fundraising Expense$12,103
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,598$10,199-$40,797
Other Salaries and Wages$30,960$1,500-$32,460
Comp Disqual Persons$26,028--$26,028
All Other Expenses$17,346$4,983-$22,329
Fees for Services Other$14,908$212-$15,120
Advertising$12,144--$12,144
Other Expenses$7,339-$1,302$8,641
Payroll Taxes$5,509$612-$6,121
Insurance$3,506--$3,506
Office Expenses$3,150$121-$3,271
Depreciation Depletion$1,798--$1,798
Total Functional Expenses$197,184$17,627$12,103$226,914
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
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 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 2

Evan aldrete amy aldrete president director married couple nathan goff amy goff sec/treas director married couple amy bowman matthew bowman director director married couple

Form 990, Page 6, Part VI, Line 11B

The business manager and the board of directors review the 990 prior to its being filed

Form 990, Page 6, Part VI, Line 12C

Every director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. Periodic reviews are conducted that review whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining; and whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and don't result in inurement, impermissible private benefit, or in an excess benefit transaction.

Form 990, Page 6, Part VI, Line 19

Our governing documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
Lovegood Performing Arts Company
EIN
85-1341431
Phone
5032785898
Address
16260 NW BRONSON ROAD, BEAVERTON, OR 97006

Signing Officer

Name
Nathan Goff
Title
Secretary/treasurer
Phone
5032785898
Signed
2023-11-05

Organization Details

Principal Officer
Evan Aldrete
Formed
2020
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Lovegood performing arts company seeks to nurture the god-given potential in young performers by fostering an environment of belonging, mastery, inspiration, and self-advocacy. We at lovegood performing arts company, seek to tell compelling stories through the arts that challenge our audiences to think and engage; furthering our ability to captivate the wonder there is in our world. We aspire to build a community where every individual who encounters our company secures not just the confidence of having the professional skills for the performance world, but also embraces the innate knowledge that they have true value in their character and worth. They will in turn change the world around them by making and experiencing art together.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0280
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01230
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOVEGOOD PERFORMING ARTS COMPANY SEEKS TO NURTURE THE GOD-GIVEN POTENTIAL IN YOUNG PERFORMERS BY FOSTERING AN ENVIRONMENT OF BELONGING, MASTERY, INSPIRATION, AND SELF-ADVOCACY. WE AT LOVEGOOD PERFORMING ARTS COMPANY, SEEK TO TELL COMPELLING STORIES THROUGH THE ARTS THAT CHALLENGE OUR AUDIENCES TO THINK AND ENGAGE; FURTHERING OUR ABILITY TO CAPTIVATE THE WONDER THERE IS IN OUR WORLD. WE ASPIRE TO BUILD A COMMUNITY WHERE EVERY INDIVIDUAL WHO ENCOUNTERS OUR COMPANY SECURES NOT JUST THE CONFIDENCE OF HAVING THE PROFESSIONAL SKILLS FOR THE PERFORMANCE WORLD, BUT ALSO EMBRACES THE INNATE KNOWLEDGE THAT THEY HAVE TRUE VALUE IN THEIR CHARACTER AND WORTH. THEY WILL IN TURN CHANGE THE WORLD AROUND THEM BY MAKING AND EXPERIENCING ART TOGETHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVAN ALDRETE AMY ALDRETE PRESIDENT DIRECTOR MARRIED COUPLE NATHAN GOFF AMY GOFF SEC/TREAS DIRECTOR MARRIED COUPLE AMY BOWMAN MATTHEW BOWMAN DIRECTOR DIRECTOR MARRIED COUPLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BUSINESS MANAGER AND THE BOARD OF DIRECTORS REVIEW THE 990 PRIOR TO ITS BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVERY DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS ARE CONDUCTED THAT REVIEW WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING; AND WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES, AND DON'T RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NATHAN GOFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05032785898
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOVEGOOD PERFORMING ARTS COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0LOVE
ReturnHeader/Filer/EIN0851341431
ReturnHeader/Filer/PhoneNum05032785898
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ReturnHeader/ReturnTs02023-11-14T17:58:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NATHAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GOFF
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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