Revo INC FY2020 filing

Tax-deductible

Albuquerque, NM501(c)(3)Arts & CultureEIN 85-0413332Revenue $213K in FY2020

On file with the IRStricklock.com808 Lead Ave Sw, 87102-3055 · Albuquerque, NMTax-exempt since Mar 1994Publicly supported — 509(a)(2)

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The theater company's mission is to create, tour, and produce theatrical performances as a permanent resident company committed to artistic risk, physicality, absurdism, and poetic work.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $8K a year · 5% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
347% of total assets
Concern: liabilities are 347% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$213K
Spent
$247K
To programs
88%
Net assets
−$30K
By yearFY2020–FY2021
Revenue
$213K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$130K
Expenses
$247K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$247K
FY2021$112K
Net assets
−$30K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$30K
FY2021−$12K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021. IRS ruling in Mar 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $217K Management & general 12% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$12,100Pt VII · Sec A
$7,250Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Juli Hendren’s $14K as Secretary is at the 59th percentile of top reported officer pay among 250 <$100K 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 · 2 named individuals · Part VII

NameFY2021FY2020
Juli Hendren$14,350$12,100
Elsa Menendez$11,950$7,250

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Creates, tours, and produces daring theatrical performances with a focus on physicality and poetic absurdity.

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Provided by the organization

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2 programs · $217K · in their own filed words · FY2020
01

International Theater Festival

Seek out and present revolutionary theater and performance art. Provide the community with a forum for cultural and artistic exchange and dialogue that might not otherwise reach NM. Aid in the dissemination of new forms and ideas on theatrical training and creation to the established and developing artists of our region.

$140Kprogram expense
02

Ensemble/Community Productions

Create, tour and produce theatrical performances as a permanent resident company committed to artistic risk, physicality, absurdism, and poetic work. Creating and producing 3 to 4 original and or scripted works per season.

$77Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$213K
Ln 12
Gifts and grantsLn 1h$186K
Other incomeLn 4–11$15K
Fees for servicesLn 2g$12K
Money outPt IX
$247K
Ln 25
Programscol B$217K
Managementcol C$30K
Owns and owesPt X
−$30K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$12K
LiabilitiesLn 26$42K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Government grantsLn 1e$62K
Fees for servicesLn 2g$12K
Other incomeLn 4–11$15K
Total revenueLn 12$213K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Other assetsLn 15$1K
Total assetsLn 16$12K
LiabilitiesLn 26$42K
Net assetsLn 32−$30K
OperationsPt I, VI
EmployeesI 513
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$21K$11K
Total assetsLn 16$22K$12K
LiabilitiesLn 26$18K$42K
Net assetsLn 32$4K−$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$52K$39K$13K
Payroll taxesLn 10$4K$3K$1K
Accounting feesLn 11c$750$750
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$1K$1K
Information technologyLn 14$524$506$18
OccupancyLn 16$12K$12K
TravelLn 17$46K$46K
InterestLn 20$4K$4K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$85K$85K
All other expensesLn 24e$31K$24K$7K
Total functional expensesLn 25$247K$217K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $130K$112K$18K−$12K 990 PDF
FY2020 Viewing $213K$247K−$34K−$30K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $212,906 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,641$186,113
I-9 Program service revenuePrior year $53,331$11,893
I-10 Investment income$0
I-11 Other revenuePrior year $11,889$14,900
I-12 Total revenuePrior year $311,861$212,906
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $70,035$55,727
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $242,882$191,503
I-18 Total expensesPrior year $312,917$247,230
I-19 Revenue less expensesPrior year −$1,056−$34,324
Part VI · Governance 1 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $212,906 across 6 lines filed
Lines not itemized here account for $200 of total revenue; see the IRS return.
VIII-1e Government grants$61,778
VIII-1f All other contributions, gifts and grants$124,335
VIII-1h Total contributions, gifts and grants$186,113
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,893$11,893
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,700$14,700
VIII-12 Total revenueRelated to mission $26,793$212,906
Part IX · Statement of functional expenses $247,230 across 12 lines filed
IX-7 Other salaries and wagesPrograms $38,733 · Management $12,810$51,543
IX-10 Payroll taxesPrograms $2,781 · Management $1,403$4,184
IX-11c Accounting feesPrograms $750$750
IX-12 Advertising and promotionPrograms $3,567$3,567
IX-13 Office expensesManagement $1,094$1,094
IX-14 Information technologyPrograms $506 · Management $18$524
IX-16 OccupancyPrograms $12,241$12,241
IX-17 TravelPrograms $45,737$45,737
IX-20 InterestPrograms $4,089$4,089
IX-23 InsuranceManagement $7,820$7,820
IX-24 Other expenses (24a–d)Programs $85,080$85,080
IX-24e All other expensesPrograms $23,647 · Management $6,954$30,601
IX-25 Total functional expensesPrograms $217,131 · Management $30,099 · Fundraising $0$247,230
Part X · Balance sheet $12,090 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $21,421$10,782
X-15 Other assetsStart of year $643$1,308
X-16 Total assetsStart of year $22,064$12,090
X-17 Accounts payable and accrued expensesStart of year $11,091$21,968
X-26 Total liabilitiesStart of year $17,618$41,968
X-32 Total net assets or fund balancesStart of year $4,446−$29,878
X-33 Total liabilities and net assetsStart of year $22,064$12,090
Part XI · Reconciliation of net assets −$29,878 net assets at year end
XI-1 Total revenue$212,906
XI-2 Total expenses$247,230
XI-3 Revenue less expenses−$34,324
XI-4 Net assets at start of year$4,446
XI-10 Net assets at end of year−$29,878

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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