Civic Intelligence

Waterfall Arts

990 • Fiscal year 2013 • EIN 01-0528831

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

256 High StreetBelfast, ME 04915

(207) 338-2222

Siviq Scores

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

Liabilities / Assets

86th percentile

0.35x

Higher debt load relative to assets than 86% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

0.44x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

54th percentile

4.4%

Higher net margin than 54% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

50th percentile

1.7%

Faster asset growth than 50% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

31st percentile

-11%

Faster revenue growth than 31% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$408,091

Up $7,007 (+1.7%) from 2012

Net Assets

Up

$265,207

Up $19,844 (+8.1%) from 2012

Liabilities

Down

$142,884

Down $12,837 (-8.2%) from 2012

Revenue

Down

$324,900

Down $40,196 (-11%) from 2012

Expenses

Down

$310,757

Down $30,492 (-8.9%) from 2012

Net Income

Down

$14,143

Down $9,704 (-41%) from 2012

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $383,793Liabilities 2010: $188,372Net Assets 2010: $195,4212010Assets 2011: $379,680Liabilities 2011: $158,164Net Assets 2011: $221,5162011Assets 2012: $401,084Liabilities 2012: $155,721Net Assets 2012: $245,3632012Assets 2013: $408,091Liabilities 2013: $142,884Net Assets 2013: $265,2072013Assets 2014: $504,487Liabilities 2014: $268,420Net Assets 2014: $236,0672014Assets 2015: $602,456Liabilities 2015: $323,841Net Assets 2015: $278,6152015Assets 2016: $610,058Liabilities 2016: $304,750Net Assets 2016: $305,3082016Assets 2017: $670,184Liabilities 2017: $264,228Net Assets 2017: $405,9562017Assets 2018: $720,971Liabilities 2018: $255,765Net Assets 2018: $465,2062018Assets 2019: $789,165Liabilities 2019: $143,945Net Assets 2019: $645,2202019Assets 2020: $1,148,541Liabilities 2020: $342,272Net Assets 2020: $806,2692020Assets 2021: $1,786,226Liabilities 2021: $716,305Net Assets 2021: $1,069,9212021Assets 2022: $1,935,703Liabilities 2022: $597,703Net Assets 2022: $1,338,0002022Assets 2023: $1,863,067Liabilities 2023: $549,670Net Assets 2023: $1,313,3972023Assets 2024: $1,465,367Liabilities 2024: $524,602Net Assets 2024: $940,7652024

Highlighted filing

2013

Assets$408,091
Liabilities$142,884
Net Assets$265,207

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $179,7082010Expenses 2011: $222,3792011Revenue 2012: $365,096Expenses 2012: $341,249Net Income 2012: $23,8472012Revenue 2013: $324,900Expenses 2013: $310,757Net Income 2013: $14,1432013Revenue 2014: $286,570Expenses 2014: $313,992Net Income 2014: -$27,4222014Revenue 2015: $386,500Expenses 2015: $342,223Net Income 2015: $44,2772015Revenue 2016: $399,634Expenses 2016: $372,941Net Income 2016: $26,6932016Revenue 2017: $580,957Expenses 2017: $480,309Net Income 2017: $100,6482017Revenue 2018: $589,517Expenses 2018: $474,333Net Income 2018: $115,1842018Revenue 2019: $690,156Expenses 2019: $510,142Net Income 2019: $180,0142019Revenue 2020: $663,956Expenses 2020: $502,907Net Income 2020: $161,0492020Revenue 2021: $827,974Expenses 2021: $564,322Net Income 2021: $263,6522021Revenue 2022: $853,420Expenses 2022: $585,341Net Income 2022: $268,0792022Revenue 2023: $611,289Expenses 2023: $635,892Net Income 2023: -$24,6032023Revenue 2024: $584,659Expenses 2024: $693,040Net Income 2024: -$108,3812024

Highlighted filing

2013

Revenue$324,900
Expenses$310,757
Net Income$14,143
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$324,900
Mission and Program Overview

Mission

Providing access to the arts, design, and creative collaboration for all ages and abilities throughout the belfast and montville communities in waldo county, maine.

Providing access to the arts, design and creative collaborations for all ages and abilities throughout the Belfast and Montville communities in Waldo County, Maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$259,773$248,863▼ $10,910
Savings and Temporary Cash Investments$66,358$68,303▲ $1,945
Investments in Publicly Traded Securities-$27,090-
Cash and Non-Interest-Bearing Accounts$21,148$15,803▼ $5,345
Prepaid Expenses and Deferred Charges$3,076$0▼ $3,076
Accounts Receivable$5,729$3,032▼ $2,697
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$401,084$408,091▲ $7,007
Other Assets Total$45,000$45,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$133,380$122,529▼ $10,851
Accounts Payable and Accrued Expenses$16,924$13,954▼ $2,970
Other Liabilities$5,417$6,401▲ $984
Total Liabilities$155,721$142,884▼ $12,837
Net Assets / Fund Balance
Unrestricted Net Assets$245,363$265,207▲ $19,844
Total Net Assets Fund Balance$245,363$265,207▲ $19,844
Total Liabilities and Net Assets / Fund Balance$401,084$408,091▲ $7,007

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$133,014$34,086$167,100
Leasehold Improvements$115,136$35,606$150,742
Other Land Buildings$150$9,553$9,703
Equipment$563$8,411$8,974
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alan CrichtonPresident
Jay DavisVice President
Brenda BonnevilleDirector
Carol MorrisonDirector
Dottie O'DellDirector
Eric SandersDirector
Harris MattsonDirector
John CameronDirector
Josh HenryDirector
Karin OttoDirector
Lissa WidoffDirector
Matthew O'MaliaDirector
Sandra RuchDirector
Sue KischitzDirector
Lorna CrichtonSecretary
Karen FederleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$174,746
Program Service Revenue
$149,639
Investment Income
$515
Other Revenue
$0
All Other Contributions
$174,746
Change in Net Assets
$14,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,487
Salaries, Compensation, and Employee Benefits$121,270
Total Fundraising Expense$8,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,508$25,163-$109,671
Occupancy$45,935--$45,935
All Other Expenses$6,089$1,781$8,359$16,229
Payroll Taxes$8,206$3,393-$11,599
Insurance$8,525$1,349-$9,874
Depreciation Depletion$7,297$2,432-$9,729
Other Expenses$6,209$1,177$179$6,209
Interest$5,437$124-$5,561
Advertising$2,295--$2,295
Information Technology$1,572$510-$2,082
Travel$506--$506
Total Functional Expenses$266,290$35,929$8,538$310,757
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Key and security deposits$6,401
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The board of directors review the Form 990 every year which is made available prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

EIN
01-0528831
Phone
2073382222

Signing Officer

Name
Alan Crichton
Title
President
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
48

Preparer

Preparer
James S Bowers
Phone
2078452815
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IRS990/Desc0Waterfall Arts (WFA), the only community arts center in Waldo County, was founded in 2000 in Montville, Maine on the original grounds of the Haystack Mountain School of Craft which had moved to Deer Isle in 1960. In 2005, the Mayor and City Council of Belfast, looking to reuse its 1935 Anderson Elementary School, encouraged WFA to expand from Montville and establish a year-round arts center there. Our mission is to create community in harmony with nature through the transformative power of the arts, and we do this in a wide variety of ways. We offer art classes in many media throughout the year, exhibits, events, performances, open clay and print (new in 2013) studios, public art projects, long-term studio space to artists and teachers, and short term rental facilities to artists, performers, and the general public. In 2013, we offered 42 art courses plus weekly life drawing sessions to 191 adults and 72 young people; our six exhibitions had over 2400 visits and our largest event drew almost 180 in attendance. Our annual open call show brings 150 artists to exhibit; in 2013, the theme was earth. Our summer exhibition displayed over 100 photojournalism prints of local photographer Richard Norton, shown for the first time since his premature death over 20 years ago. We held a spring fever dance party, Poets & Fools, and hosted the Free Range Music Festival in May. In July we held an outdoor screening of the Maine-made film, Vacationland, and in October an indoor screening of Chasing Ice, about the shrinking arctic glaciers. In 2013 we established the Maine Environmental Art and Design (MEAD) coalition with Unity College, Maine Farmland Trust, and the Center for Maine Contemporary Arts. We brought Eve Mosher, an internationally-known eco-artist to give a talk and day-long workshop, MEADLab. Many of our exhibits, classes, and public art activities reflect our commitment to an environmentally sustainable world. Every year an exhibition, like 2013's Portals, highlights artists working directly on environmental issues through materials, subject matter, or natural processes. Connecting with and meeting the needs of our community is a big part of our programming. BRIDGE, our free afterschool art club, was established with grant monies, and became critical to the lives of middle school artists. Our popular Living Wall was created in 2013 in partnership with RSU 3 middle school students. Guided by our staff and volunteers, they researched, planted, designed and installed a vertical garden on the exterior of our building, delighting many visitors all summer long. We also led Feel the Power of Art free workshops at various venues in the community, such as Bank of America, schools, and nursing homes. We helped artists organize to create a very successful outdoor art market on our lawn, in tandem with the Farmers Market held here every Friday. We remain a key part of the Belfast Creative Coalition, midcoast Pecha Kucha, the Maine Curators Group, Belfast Art Walk, and the Maine Arts Commission. Education263 individuals in classes and life drawing(youth : 72 adults: 191)42 art courses offered(youth classes: 18 adult classes: 24)47 life drawing sessions 508 class hours provided2756 person/hours of on-site instruction/experience received60 scholarships given (23% of students)Offsite Workshops:Feel the Power of Art 36 hours delivered135 recipients2 locations Harbor Hill and Bank of AmericaLiving Wall Creation @ RSU 312 students24 hrs delivered6 Exhibitions2403 viewer visits220 Exhibiting Artists 70 in curated shows150 in open call show (earth show)12 Events646 attendeesWaterfall Doers3 FTEs (4 paid parttime staff)18 teaching artists 48 volunteers (including board)4480 volunteer hours18 Collaborations Belfast Creative CoalitionMidcoast Pecha KuchaFree Range Music FestivalMEAD: Maine Environmental Art & DesignRSU 3RSU 20Belfast Farmers' MarketBelfast Art MarketCity of BelfastMaine Curators' GroupUniversity of Maine Hutchinson CenterBelfast Art Walk
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IRS990/Form990PartVIISectionAGrp/PersonNm13Alan Crichton
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.47$0.52$0.94$0.58$0.69$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.55$1.31$0.61$0.64$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.60$1.34$0.85$0.59$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.79$0.72$1.07$0.83$0.56$0.26
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.34$0.81$0.66$0.50$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.14$0.65$0.69$0.51$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.72$0.26$0.47$0.59$0.47$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.67$0.26$0.41$0.58$0.48$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.30$0.31$0.40$0.37$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.32$0.28$0.39$0.34$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.27$0.24$0.29$0.31$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.14$0.27$0.32$0.31$0.01
2012Summary only. Only limited summary data is available for this year.$0.40$0.16$0.25$0.37$0.34$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.16$0.22$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.19$0.20$0.18