2023-11-29T11:10:32-06:00 2022-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2022-01-01 237352665 The Circus Barn Inc CIRC 8025337443 1 Circus Road Greensboro VT 05841 Joshua Shack Interim Co-Executive Director 8025337443 2023-11-28 1 Joshua Shack 999009999 0 Connor Smart P02285543 2078792100 2023-11-28 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Circus Smirkus Joshua Shack 1 Circus Road Greensboro VT 05841 2442549 0 X https://www.smirkus.org/ X 1974 VT To promote the skills, culture and traditions of the traveling circus, and to inspire youth to engage in life-changing adventures in the circus arts. 11 8 114 900 0 0 749488 596836 1007780 1621115 21933 7087 28880 115964 1808081 2341002 92401 80555 0 0 671819 1173970 0 0 44222 690938 1339136 1455158 2593661 352923 -252659 5468222 5125961 1997506 1964437 3470716 3161524 To promote the skills, culture and traditions of the traveling circus, and to inspire youth to engage in life-changing adventures in the circus arts. 0 0 1501541 80555 967485 Circus Smirkus conducts a variety of summer circus arts camps, from two days to two weeks, from beginner to advanced, in its own recently constructed facility in Greensboro, Vermont. 660648 0 699392 For two months each summer, a company of "Smirkus Troupers" aged 10 to 18, selected by audition and backed by coaches, cooks, crew and musicians, tour New England performing to appreciative audiences in Circus Smirkus' 750-seat, European-style, one-ring, big top tent. 19360 0 25837 Circus Smirkus subcontracts with circus arts educators to conduct one and two week long artist-in-residency programs in schools throughout New England. 2181549 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 114 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Joshua Shack 8025337443 1 Circus Road Greensboro VT 05841 Tristan Cunningham Director 2.00 0.00 X 1300 0 0 Jill Fischmann Director 2.00 0.00 X 0 0 0 Claire Grimble Director 2.00 0.00 X 0 0 0 Bob Grove Director (End 3/22) 0.00 0.00 X 0 0 0 Justin LeBlanc Director 2.00 0.00 X 0 0 0 Miriam Rosenblum Director 2.00 0.00 X 0 0 0 Dan Seideman Director 2.00 0.00 X 0 0 0 Marvin Wang Director 2.00 0.00 X 0 0 0 Michele Levy President 2.00 0.00 X X 0 0 0 Kate Hayes Vice President 2.00 0.00 X X 0 0 0 Bruce Novich Treasurer (End 3/22) 2.00 0.00 X X 0 0 0 Brian Miron Treasurer (Start 3/22) 2.00 0.00 X X 0 0 0 Laura Brewer Secretary 2.00 0.00 X X 0 0 0 Steve MacQueen Executive Director (Start 4/22) 40.00 0.00 X 65148 0 10051 66448 0 10051 0 0 0 0 0 12918 583918 9676 596836 Tuition and fees 711190 967485 967485 Tickets/performances 711110 627793 627793 Residencies 711110 25837 25837 1621115 7095 7095 8 -8 -8 -8 51770 12918 7405 44365 44365 165733 94134 71599 71599 2341002 1692714 0 51452 80555 80555 76499 57272 16844 2383 955523 715361 210395 29767 165 94 69 2 64485 36729 26784 972 77298 44027 32105 1166 3368 3368 119956 114363 1479 4114 56953 55403 1550 161548 148745 8535 4268 65193 53406 11787 24696 23645 1051 75373 75160 213 191509 179518 11991 80516 71196 9320 Vehicles 240239 206290 33949 Production equipment 206326 206326 Dining and lodging 113459 113459 2593661 2181549 367890 44222 631924 438458 68325 51680 63466 737 25410 17043 30943 47503 6605652 2331860 4324685 4273792 323469 296748 5468222 5125961 28374 27038 18748 51888 60000 60000 1890384 1825511 1997506 1964437 X 3048983 2776132 421733 385392 3470716 3161524 5468222 5125961 -252659 -56533 0 X X 0 1 X 1 0 X 485770 562952 1180448 749488 596836 3575494 2138349 2164224 429222 1024423 1692714 7448932 2624119 2727176 1609670 1773911 2289550 11024426 36930 60000 31712 26355 154997 80841 185984 147262 414087 117771 185984 207262 31712 26355 569084 10455342 9685 14774 21933 7095 53487 9685 14774 21933 7095 53487 21220 12237 44365 77822 2624119 2758081 1624444 1808081 2341010 11155735 0.93720 0.93680 0.00480 0.00410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 359141 124934 -177817 306258 176712 92185 90244 359141 90859 75835 10018 176712 77604 3675 9580 90859 77604 77604 0.00000 0.00000 1.00000 0 0 305028 305028 4498765 1012451 3486314 571475 353502 217973 1150898 965907 184991 79486 79486 4273792 X 2204198 -56533 3652 -52881 2257079 3368 80555 83923 2341002 2513390 3652 3652 2509738 3368 80555 83923 2593661 Part V, Line 4: Endowment fund earnings are to be used to fund scholarships for tour troupers and campers. Part X, Line 2: The Organization is exempt from federal and state income tax under section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been recorded in the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. The Organization has evaluated the position taken on its filed tax returns. The Organization has not taken, nor does it expect to take any uncertain tax positions in any income tax return. Part XI, Line 2d - Other Adjustments: Fundraising event expenses 3,652. Part XI, Line 4b - Other Adjustments: Scholarships and financial aid 80,555. Part XII, Line 2d - Other Adjustments: Fundraising event expenses 3,652. Part XII, Line 4b - Other Adjustments: Scholarships and financial aid 80,555. Charity Auction 43523 3753 39770 225 3528 Gala 21165 9165 12000 3652 64688 12918 51770 225 3528 3652 7405 44365 1 Scholarships 68 80555 Part I, Line 2: Circus Smirkus has long been committed to making circus programs available for as many children as possible, regardless of ability to pay. A limited number of partial scholarships are available to families with low incomes or other financial circumstances. Scholarship applicants are reviewed by an oversight committee, and families are welcome to apply for a scholarship without registering a camper. For registration questions please email camp@smirkus.org or read our terms and conditions (available online on the Circus Barn website). Notifications of scholarship awards are made in the spring. Dan Seideman Board Member Zero Interest Angel Loan Program X 10000 10000 0 1 1 Marvin Wang Board Member Zero Interest Angel Loan Program X 10000 10000 0 1 1 Ben Winship Former Board Member Zero Interest Angel Loan Program X 20000 20000 0 1 1 Jane Fisher Former President Zero Interest Angel Loan Program X 20000 20000 0 1 1 60000 Schedule L, Part II Due to financial and cash constraints brought on by the pandemic, the Organization entered into borrowing arrangements with certain current and former board members to provide the Organization with liquidity to meet its expenditure needs. The loans bear interest at 0% and are due to be paid back to the individuals listed in Schedule L, Part II in consecutive yearly installments beginning in 2023 through 2025. Form 990, Explanation for Filing of Amended Return For its year ending December 31, 2022, the Organization compliantly filed its 2022 Form 990 with the IRS before the extended due date of 11-15-2023. However, subsequent to this filing, Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an outside independent accountant. A draft of the Form 990 is reviewed by management and the board finance committee prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The conflict of interest policy is reviewed annually. Any potential conflicts are discussed and the board member does not participate in the discussion or vote if there is a conflict. Form 990, Part VI, Section B, line 15 The Executive Director's salary was determined by the full board, taking into account compensation in previous years, comparative executive salary data, and the overall budget. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XII, Line 2c: For its year ending December 31, 2022, the Organization compliantly filed its 2022 Form 990 with the IRS before the extended due date of 11-15-2023. However, subsequent to this filing, the Organization found that the data used to prepare the original filing inadvertently overstated donations from certain disqualified persons as well as the total contributions received from donors who gave greater than $5,000 during this tax year. Accordingly, the Organization determined that the amounts reported on Schedule A, Part III, Line 7a, and on Schedule B, Schedule of Contributors, were misstated. The Organization has filed this Form 990 to correct the misstated donations. The net impact of these corrections on the Form 990 are as follows: - Schedule A, Part III, Column (e) 2022, Lina 7a (original): $61,460 - Schedule A, Part III, Column (e) 2022, Lina 7a (amended): $26,355 - Schedule A, Part III, Column (f) Total, Lina 7a (original): $190,102 - Schedule A, Part III, Column (f) Total, Lina 7a (amended): $154,997 - Schedule B, Part I, Total reported contributors who donated greater than over $5,000 (original): $586,925 - Schedule B, Part I, Total reported contributors who donated greater than over $5,000 (amended): $526,820 The Organization has considered its Form 990, Part VIII, Statement of Revenue in coordination with its audited financial statements, and does not believe that the Form 990, Part VIII requires any amendment from its original version due to the change in these donation-figures; the overall total contribution revenue reported on the originally filed Form 990 was based on the Organization's 2022 audited financial statements, which have not been modified or changed since the original Form 990 was filed.