Civic Intelligence

Potash Hill Inc.

EIN 87-2157464 • 501(c)3 • Philadelphia, PA

Pub. 78 Eligible

Profile

Potash hill, inc. Was created in august, 2021, as a not-for-profit organization to own, operate and oversee the property that is the home campus of the marlboro school of music, inc. On september 24, 2021, the organization acquired the potash hill campus in marlboro, vermont, as an asset purchase, where the marlboro school of music operates.

1528 Walnut StreetPhiladelphia, PA 19102

www.marlboromusic.org

Siviq Scores

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

Liabilities / Assets

91st percentile

0.89x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

2.32x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

83rd percentile

35%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

42%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

100th percentile

72897%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$6,625,979

Down $691,617 (-9.5%) from 2023

Liabilities

Up

$6,419,121

Up $573,244 (+9.8%) from 2023

Net Assets

Down

$206,858

Down $1,264,861 (-86%) from 2023

Revenue

Down

$758,215

Down $1,845,139 (-71%) from 2023

Expenses

Up

$2,023,076

Up $147,689 (+7.9%) from 2023

Net Income

Down

-$1,264,861

Down $1,992,828 (-274%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $4,608,847Liabilities 2021: $4,740,456Net Assets 2021: -$131,6092021Assets 2022: $6,552,048Liabilities 2022: $5,808,296Net Assets 2022: $743,7522022Assets 2023: $7,317,596Liabilities 2023: $5,845,877Net Assets 2023: $1,471,7192023Assets 2024: $6,625,979Liabilities 2024: $6,419,121Net Assets 2024: $206,8582024

Highlighted filing

2024

Assets$6,625,979
Liabilities$6,419,121
Net Assets$206,858

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2021: $3,425Expenses 2021: $135,034Net Income 2021: -$131,6092021Revenue 2022: $2,500,144Expenses 2022: $1,624,783Net Income 2022: $875,3612022Revenue 2023: $2,603,354Expenses 2023: $1,875,387Net Income 2023: $727,9672023Revenue 2024: $758,215Expenses 2024: $2,023,076Net Income 2024: -$1,264,8612024

Highlighted filing

2024

Revenue$758,215
Expenses$2,023,076
Net Income-$1,264,861

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Oct 31, 2024
Return Version
2023v6.0
Gross Receipts
$758,215
Mission and Program Overview

Mission

Potash hill, inc. Was created in august, 2021, as a not-for-profit organization to own, operate and oversee the property that is the home campus of the marlboro school of music, inc. On september 24, 2021, the organization acquired the potash hill campus in marlboro, vermont, as an asset purchase, where the marlboro school of music operates.

Potash Hill, Inc. was created to own and operate the Marlboro music campus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,543,155$4,457,946▼ $85,209
Investments in Publicly Traded Securities$2,350,783$1,512,777▼ $838,006
Cash and Non-Interest-Bearing Accounts$223,711$437,062▲ $213,351
Prepaid Expenses and Deferred Charges$198,788$207,343▲ $8,555
Rtn Earn Endowment Incm Other Fnds$1,471,719$206,858▼ $1,264,861
Accounts Receivable$1,160$10,851▲ $9,691
Total Assets$7,317,597$6,625,979▼ $691,618
Liabilities
Other Liabilities$5,759,914$6,118,664▲ $358,750
Accounts Payable and Accrued Expenses$79,529$206,942▲ $127,413
Grants Payable$6,435$93,515▲ $87,080
Total Liabilities$5,845,878$6,419,121▲ $573,243
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,471,719$206,858▼ $1,264,861
Total Liabilities and Net Assets / Fund Balance$7,317,597$6,625,979▼ $691,618

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,457,946$535,462$4,993,408
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleOtherTotal
Philip ManevalTreasurer$158,895$158,895
Miles CohenBoard Member$117,069$117,069

Board Members and Trustees

NameTitle
Anthony BernerPresident
Christopher SerkinBoard Member
Ellen Mcculloch-LovellBoard Member
Jacob SmithBoard Member
Margo DrakosBoard Member
Philip Maneval-
Patricia ManleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$97,780
Program Service Revenue
$544,778
Investment Income
$115,657
Other Revenue
$0
All Other Contributions
$97,780
Change in Net Assets
$-1,264,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$758,215
Revenue Not Reported on Form 990
$18,123,569
Total Revenue per Audited Statements
$18,881,784
Total Revenue per Form 990
$758,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,275,319
Salaries, Compensation, and Employee Benefits$747,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$546,649$0$0$546,649
Insurance$205,457$0$0$205,457
Payroll Taxes$201,108$0$0$201,108
Depreciation Depletion$193,435$0$0$193,435
Other Expenses$18,605$0$0$18,605
Office Expenses$12,914$0$0$12,914
Advertising$720$0$0$720
Total Functional Expenses$2,023,076$0$0$2,023,076

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,569,093
Expenses Not Reported on Form 990$4,546,017
Expenses per Audited Statements$2,023,076
Total Expenses per Form 990$2,023,076
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Marlboro$6,103,414
Security Deposits$15,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Potash Hill Inc
EIN
87-2157464
Phone
2155694690
Address
1528 Walnut Street, Philadelphia, PA 19102

Signing Officer

Name
Philip Maneval
Title
Treasurer
Phone
2155694690
Signed
2024-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Berner
Formed
2021
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Julian Sur CPA
Address
675 Lancaster Ave, Berwyn, PA 19312
Preparer
Julian Sur CPA
Phone
6106474833
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The business manager compares the form 990 to the entitys underlying records and its audited financials. once satisfied as to the completeness and accuracy of the form 990, she provides the form 990 to the audit committee chair. the audit committee chair will then present a draft of the form 990 to the board for review and approval, prior to finalizing the return .

Pt VI, Line 12C

Annually, the secretary of the board of directors reviews annual board questionnaires for potential conflicts. any conflicts are taken to the board for discussion and the director with the conflict is precluded from any dialogue regarding said conflict.

Pt VI, Line 19

The business manager makes these items available, within five business days of a written request, at the office location.

Pt XII, Line 2C

This process has remained unchanged from the prior year .

Financial Statement Notes

Pt X, Line 2

Management of the organization considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur upon examination by tax authorities, including changes to the organizations status as a not-for-profit entity. management believes the organization met the requirements to maintain its tax-exempt status and has not identified any uncertain tax positions subject to the unrelated business income tax that require recognition or disclosure in the accompanying consolidating financial statements.

Pt XI, Line 2D

Revenue of consolidated related organizations: $18,123,569

Pt XII, Line 2D

Expenses of consolidated related organizations: $4,546,017

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IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0030186612
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Marlboro School of Music
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04457946
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0535462
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04993408
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt04546017
IRS990ScheduleD/ExpensesSubtotalAmt02023076
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt04546017
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06103414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Marlboro
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherRevenueAmt018123569
IRS990ScheduleD/RevenueNotReportedAmt018123569
IRS990ScheduleD/RevenueSubtotalAmt0758215
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management of the organization considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur upon examination by tax authorities, including changes to the organizations status as a not-for-profit entity. management believes the organization met the requirements to maintain its tax-exempt status and has not identified any uncertain tax positions subject to the unrelated business income tax that require recognition or disclosure in the accompanying consolidating financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue of consolidated related organizations: $18,123,569
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Expenses of consolidated related organizations: $4,546,017
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04457946
IRS990ScheduleD/TotalExpensesPerForm990Amt02023076
IRS990ScheduleD/TotalLiabilityAmt06118664
IRS990ScheduleD/TotalRevenuePerForm990Amt0758215
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018881784
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06569093
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0142791
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01828
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Philip Maneval
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0158895
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The business manager compares the form 990 to the entitys underlying records and its audited financials. once satisfied as to the completeness and accuracy of the form 990, she provides the form 990 to the audit committee chair. the audit committee chair will then present a draft of the form 990 to the board for review and approval, prior to finalizing the return .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually, the secretary of the board of directors reviews annual board questionnaires for potential conflicts. any conflicts are taken to the board for discussion and the director with the conflict is precluded from any dialogue regarding said conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The business manager makes these items available, within five business days of a written request, at the office location.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This process has remained unchanged from the prior year .
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 2c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1Marlboro School of Music Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Marlboro School of Music Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Francesco Von Mendelssohn Fund Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0030186612
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1223059283
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Musical Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Loans to Musicians
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01528 Walnut Street 301
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11528 Walnut Street 301
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Philadelphia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Philadelphia
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd119102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true

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