Civic Intelligence

Hemispheres Art Academy

990EZ • Fiscal year 2014 • EIN 01-0605409

Dec 01, 2013 to Nov 30, 2014 • Filed on Oct 03, 2015

Organization ProfileN/A
11762 Gold Parke LaneGold River, CA 95670

(916) 764-0400

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-11641%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

35th percentile

-4.9%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-29%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$150,390

Down $7,683 (-4.9%) from 2013

Net Assets

Down

$150,390

Down $7,683 (-4.9%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin1st percentile

Revenue

Down

$66

Down $27 (-29%) from 2013

Expenses

Down

$7,749

Down $20,643 (-73%) from 2013

Net Income

Up

-$7,683

Up $20,616 (+73%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$300K$200K$100K$0Assets 2011: $218,398Liabilities 2011: $02011Assets 2012: $186,372Liabilities 2012: $02012Assets 2013: $158,073Liabilities 2013: $0Net Assets 2013: $158,0732013Assets 2014: $150,390Liabilities 2014: $0Net Assets 2014: $150,3902014Assets 2015: $146,438Liabilities 2015: $02015Assets 2016: $129,307Liabilities 2016: $02016Assets 2017: $103,886Net Assets 2017: $103,8862017Assets 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$150,390
Liabilities$0
Net Assets$150,390
Open 2014 Filing

Operations Trend

Revenue Growth17th percentile

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

$40K$20K$0-$20K-$40KRevenue 2011: $29,954Expenses 2011: $19,824Net Income 2011: $10,1302011Revenue 2012: $167Expenses 2012: $32,193Net Income 2012: -$32,0262012Revenue 2013: $93Expenses 2013: $28,392Net Income 2013: -$28,2992013Revenue 2014: $66Expenses 2014: $7,749Net Income 2014: -$7,6832014Revenue 2015: $41Expenses 2015: $3,993Net Income 2015: -$3,9522015Revenue 2016: $38Expenses 2016: $17,169Net Income 2016: -$17,1312016Revenue 2017: $33Expenses 2017: $25,454Net Income 2017: -$25,4212017Revenue 2018: $0Expenses 2018: $3,886Net Income 2018: -$3,8862018

Highlighted filing

2014

Revenue$66
Expenses$7,749
Net Income-$7,683
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2013 to Nov 30, 2014
Signed
Oct 3, 2015
Return Version
2013v4.0
Gross Receipts
$66
Mission and Program Overview

Mission

Hemispheres Arts Academy is a non-profit organization dedicated to provide funds for visual & performing arts instruction for school age children in the greater Sacramento region.Hemispheres Arts Academy exists as a grant funding organization partnering with other non-profits and school districts who are committed to proving programs which allow children to have an educational experience infused by the magic and creativity of the visual and performing arts.

Program Services

DescriptionGrantsExpenses
Due to a significant decrease in grants, gifts, contributions and other funding, Hemispheres was forced to suspend art instruction program activities during the Summer and Fall of 2004 until volunteer fundraising could produce enough income to support those art instruction programs, as well as minimal operating expenses.The organization has since held highly successful fundraising events known as Roast for the Arts. These events have provided funds allowing the organization to begin making grants to other local non-profit organizations supporting their art education programs for children. Those grants totaled $5,000 for FYE 2013.$5,000-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert K FongCEO-$0--
Lisa NavaSecretary-$0--
Catherine Ann MillerTreasurer-$0--
Julius CherryDirector-$0--
Paul PetrovichDirector-$0--
Ken LeonardiniDirector-$0--
Filing and Contact Details

Filer

EIN
01-0605409
Phone
9167640400

Signing Officer

Name
Catherine Ann Miller
Title
Treasurer
Signed
2015-10-03
Discuss with paid preparer
Yes

Preparer

Preparer
Larry Massey CPA
Phone
9166088166
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Website Hosting $260”

Other Expenses.2

“Meeting Expenses $82”

Other Expenses.3

“Bank Service Charges $32”

Other Expenses.6

“Filing Fees $-10”

Raw XML Appendix138 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherExpensesTotalAmt0364
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-10-04T12:04:27-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-12-01
ReturnHeader/TaxPeriodEndDt02014-11-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$150,390
Liabilities
$0
Net assets
$150,390
Revenue
$66
Expenses
$7,749
Net income
-$7,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.04$1.04$0.00$0.25$0.25
2016Summary only. Only limited summary data is available for this year.$1.29$0.00$0.00$0.17$0.17
2015Summary only. Only limited summary data is available for this year.$1.46$0.00$0.00$0.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.00$0.08$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.00$1.58$0.00$0.28$0.28
2012Summary only. Only limited summary data is available for this year.$1.86$0.00$0.00$0.32$0.32
2011Summary only. Only limited summary data is available for this year.$2.18$0.00$0.30$0.20$0.10