Civic Intelligence

Albany Live Inc.

990EZ • Fiscal year 2021 • EIN 87-3514392

Nov 08, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

PO Box 2978Midland, TX 76430

(325) 733-0090

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

89th percentile

56%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$32,770

No earlier filing loaded for comparison.

Net Assets

$32,770

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$58,923

No earlier filing loaded for comparison.

Expenses

$26,153

No earlier filing loaded for comparison.

Net Income

$32,770

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2021: $32,770Liabilities 2021: $0Net Assets 2021: $32,7702021Assets 2022: $25,602Liabilities 2022: $0Net Assets 2022: $25,6022022Assets 2023: $88,302Liabilities 2023: $0Net Assets 2023: $88,3022023Assets 2024: $88,302Liabilities 2024: $0Net Assets 2024: $88,3022024

Highlighted filing

2021

Assets$32,770
Liabilities$0
Net Assets$32,770

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2021: $58,923Expenses 2021: $26,153Net Income 2021: $32,7702021Revenue 2022: $132,801Expenses 2022: $139,969Net Income 2022: -$7,1682022Revenue 2023: $218,972Expenses 2023: $156,272Net Income 2023: $62,7002023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2021

Revenue$58,923
Expenses$26,153
Net Income$32,770
Jump To
Filing Snapshot
Filing Period
Nov 8, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$58,923
Mission and Program Overview

Mission

Albany live brings musical performances to albany, texas to provide culture and arts to the local community.additionally, the performances bring tourism in support of our local retail businesses and restaurants.

Program Services

DescriptionGrantsExpenses
HOST PERFORMANCES: IN 2021, 260 PEOPLE ATTENDED AND EXPERIENCED LIVE MUSIC IN THE HISTORIC AZTEC THEATER IN ALBANY, TEXAS. THE 260 ATTENDEES CREATED APPROXIMATELY $5,500 DOLLARS IN REVENUE FOR LOCAL RESTAURANTS AND RETAIL MERCHANTS ON THE EVENING OF THE SHOW. 90 VOLUNTEER HOURS WERE CREATED IN THE PRODUCTION OF THE SHOW. THE USE OF THE VENUE EDUCATES THE PUBLIC ON THE VALUE OF COMMUNITY SPACES AND CREATES ADDITIONAL COMMUNITY SUPPORT FOR THE AZTEC THEATER. THE EVENT CREATED APPROXIMATELY 20 VOLUNTEER HOURS FOR SUPPORT OF THE AZTEC THEATER.$0$17,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAELA SMITHPresident-$0--
BRENDAN FIKESVice President/Treasurer-$0--
MICHELLE JONESSecretary/Public Relations-$0--
WATT CASEYBoard Member-$0--
GEORGE HARVICK JRBoard Member-$0--
MEGAEN BIRDWELLBoard Member-$0--
TREY DAVISBoard Member-$0--
STEPHANIE DAVISBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Albany Live Inc
EIN
87-3514392
Phone
3257330090
Address
PO BOX 2978, MIDLAND, TX 76430

Signing Officer

Name
Michaela Smith
Title
President & Director
Phone
2148835087
Signed
2022-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Weaver and Tidwell Llp
Address
400 W ILLINOIS AVE, MIDLAND, TX 79701
Preparer
Laura Roman
Phone
4326835226
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: advertising & marketing . Amount: 6,980. Description: vip gifts. Amount: 2,347. Description: band accomodations & fees. Amount: 10,310. Description: security. Amount: 300. Description: venue rental. Amount: 2,000. Description: office supplies. Amount: 75. Description: miscellaneous expense. Amount: 4,141. Total to form 990-ez, line 16: 26,153.

Form 990-ez, Part II, Line 24 - Other Assets

Description: due from officer. Beg. Of year amount: 0. End of year amount: 895.

Raw XML Appendix180 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAELA SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BRENDAN FIKES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MICHELLE JONES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3WATT CASEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4GEORGE HARVICK JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MEGAEN BIRDWELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6TREY DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7STEPHANIE DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/PUBLIC RELATIONS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0895
IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ALBANY LIVE BRINGS MUSICAL PERFORMANCES TO ALBANY, TEXAS TO PROVIDE CULTURE AND ARTS TO THE LOCAL COMMUNITY.ADDITIONALLY, THE PERFORMANCES BRING TOURISM IN SUPPORT OF OUR LOCAL RETAIL BUSINESSES AND RESTAURANTS.
IRS990EZ/ProgramServiceRevenueAmt03923
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0HOST PERFORMANCES: IN 2021, 260 PEOPLE ATTENDED AND EXPERIENCED LIVE MUSIC IN THE HISTORIC AZTEC THEATER IN ALBANY, TEXAS. THE 260 ATTENDEES CREATED APPROXIMATELY $5,500 DOLLARS IN REVENUE FOR LOCAL RESTAURANTS AND RETAIL MERCHANTS ON THE EVENING OF THE SHOW. 90 VOLUNTEER HOURS WERE CREATED IN THE PRODUCTION OF THE SHOW. THE USE OF THE VENUE EDUCATES THE PUBLIC ON THE VALUE OF COMMUNITY SPACES AND CREATES ADDITIONAL COMMUNITY SUPPORT FOR THE AZTEC THEATER. THE EVENT CREATED APPROXIMATELY 20 VOLUNTEER HOURS FOR SUPPORT OF THE AZTEC THEATER.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt012500
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 2021 TAX YEAR REPORTED IS A SHORT YEAR AS IT WAS THE ORGANIZATION'S INITIAL FILING YEAR. THE ORGANIZATION WAS CREATED ON NOVEMBER 8, 2021 AND HAS A DECEMBER 31, 2021 YEAR END.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADVERTISING & MARKETING . AMOUNT: 6,980. DESCRIPTION: VIP GIFTS. AMOUNT: 2,347. DESCRIPTION: BAND ACCOMODATIONS & FEES. AMOUNT: 10,310. DESCRIPTION: SECURITY. AMOUNT: 300. DESCRIPTION: VENUE RENTAL. AMOUNT: 2,000. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 75. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 4,141. TOTAL TO FORM 990-EZ, LINE 16: 26,153.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUE FROM OFFICER. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 895.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAELA SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02148835087
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBANY LIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBA
ReturnHeader/Filer/EIN0873514392
ReturnHeader/Filer/PhoneNum03257330090
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2978
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076430
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750786316
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEAVER AND TIDWELL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 W ILLINOIS AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079701
ReturnHeader/PreparerPersonGrp/PhoneNum04326835226
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA ROMAN
ReturnHeader/ReturnTs02022-11-15T09:46:24-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAELA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02021-11-08
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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