Corpsvets INC EIN 58-2409883

Corpsvets INC FY2021 filing

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Teaches drum and bugle corps skills to youth and adults, supporting music performance and the community. For fiscal year 2021 it reported $186K in revenue, $161K in expenses, and $40K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Kennesaw, GA
Website
www.atlantacv.org
Filings
6 on file (2019–2021)
Revenue
$186KFY2021
Expenses
$161K
Net assets
$40K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  58-2409883 Public charity (501(c)(3)) Kennesaw, GA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Teaches drum and bugle corps skills to youth and adults, supporting music performance and the community.
Leadership
Layne Meier · Executive Director · $10K
Money in and out
$186K revenue, $161K expenses
Bottom line
3% program efficiency
Where the money goes · FY2021
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$161K
Pt IX · Ln 25
Net assets
$40K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.03 Management & general $0.97
Program efficiency
3%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$186K
FY2021▲ +81%
Expenses
$161K
FY2021▲ +128%
Total assets
$40K
FY2021▲ +4%
Total liabilities
$0
FY2021▼ -100%
Total revenue
$186K
Pt VIII · Ln 12
Total expenses
$161K
Pt IX · Ln 25
Net assets
$40K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$40K
Program-expense ratioPt IX · col B3%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $5K of program spending, described in the organization's own filed words · FY2020.
01

Souvenier Sales

Selling merchandise to help promote the drum corps activity and recruit for future years. Helps to spread the word about music education and another avenue for musicians to perfect their craft.

$4Kprogram expense
02

Drum Corps Show

Host a large drum corps competition; providing exposure to the drum corps activity at a state and national level Helps to educate the region as to what drum corps is and promote music education. Participants came from Alabama, Ohio, North Carolina and Georgia.

$1Kprogram expense
03

Sale of old equipment to other corps amd schools for use in their music education programs

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCorpsvets INC
EINHdr · item D58-2409883
Principal addressHdr · item CKennesaw, GA
WebsiteHdr · item Jwww.atlantacv.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFNov 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$10,500Pt VII · Sec A
Treasurer
$3,000Pt VII · Sec A
Assistant Executive Director
$1,500Pt VII · Sec A

Russell Thompson’s $16K as Executive Director is at the 12th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Russell Thompson$16,196$14,761$8,164
David Stollberg$14,000
David W Stollberg$14,000
Layne Meier$10,500
Grayson Gunn$7,650$2,200
Marvin Fontaine$6,000$6,000
Nick Doyle$4,800
Tammi Stollberg$4,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$167K · 90%
Program service revenue$18K · 10%
Other revenue$1K · 1%
Contributions & grants90%$167K
Program service revenue10%$18K
Other revenue1%$1K
Total revenueLn 12$186K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.03 Management & general $0.97
Program services3%$5K
Management & general97%$156K
Total functional expensesLn 25$161K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$40K
Total liabilitiesLn 26$0
Total net assetsLn 32$40K
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $40K · Operating expenses/yr $161K
3.0 months
Where the money goes
Program services
Program services $5K · Total expenses $161K
3%
Management & General
Management & general $156K · Total expenses $161K
97%
Fundraising
Fundraising $0 · Total expenses $161K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $177K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $167K · Total revenue $186K
90%
Government reliance
Government grants $0 · Total revenue $186K
0%
Earned-income share
Program service revenue $18K · Total revenue $186K
10%
Investment reliance
Investment income $0 · Total revenue $186K
0%
Program self-sufficiency
Program service revenue $18K · Total expenses $161K
11%
Growth & trend
Revenue growth (YoY)
This year $186K · Prior year $103K
+81%
Net-asset trend (YoY)
End of year $40K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $186K · Expenses $161K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $40K
Net-asset ratio
Net assets $40K · Total assets $40K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $40K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Layne Meier · Reported title Executive Director · Highest reported compensation $10K · Total expenses $161K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $78K · Total expenses $161K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 3%
Overhead ratio 97%
Fundraising cost ratio 0%
Revenue growth 81%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$40K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$376K revenue · ⤓ 990 PDF
FY2023$266K revenue · ⤓ 990 PDF
FY2022$189K revenue · ⤓ 990 PDF
FY2021$186K revenue · viewing · ⤓ 990 PDF
FY2020$103K revenue · ⤓ 990 PDF
FY2019$319K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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