Civic Intelligence

Kennebec Valley Art Association

990EZ • Fiscal year 2016 • EIN 01-6018601

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

160 Water StreetHallowell, ME 04347

(207) 622-3813

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-10%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

55th percentile

4.0%

Faster revenue growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$184,869

Down $21,262 (-10%) from 2015

Net Assets

Down

$179,802

Down $23,178 (-11%) from 2015

Liabilities

Up

$5,067

Up $1,916 (+61%) from 2015

Revenue

Up

$120,124

Up $4,610 (+4.0%) from 2015

Expenses

Up

$133,521

Up $27,890 (+26%) from 2015

Net Income

Down

-$13,397

Down $23,280 (-236%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $189,597Liabilities 2010: $7,2912010Assets 2011: $207,441Liabilities 2011: $3,1742011Assets 2012: $194,437Liabilities 2012: $3,7562012Assets 2013: $213,643Liabilities 2013: $2,877Net Assets 2013: $210,7662013Assets 2014: $201,053Liabilities 2014: $3,475Net Assets 2014: $197,5782014Assets 2015: $206,131Liabilities 2015: $3,151Net Assets 2015: $202,9802015Assets 2016: $184,869Liabilities 2016: $5,067Net Assets 2016: $179,8022016Assets 2017: $181,028Liabilities 2017: $13,576Net Assets 2017: $167,4522017Assets 2018: $191,792Liabilities 2018: $2,857Net Assets 2018: $188,9352018Assets 2019: $145,337Liabilities 2019: $2,366Net Assets 2019: $142,9712019Assets 2020: $124,453Liabilities 2020: $586Net Assets 2020: $123,8672020Assets 2021: $106,074Liabilities 2021: $878Net Assets 2021: $105,1962021

Highlighted filing

2016

Assets$184,869
Liabilities$5,067
Net Assets$179,802

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $88,334Expenses 2010: $105,245Net Income 2010: -$16,9112010Revenue 2011: $115,730Expenses 2011: $93,769Net Income 2011: $21,9612011Revenue 2012: $101,317Expenses 2012: $114,903Net Income 2012: -$13,5862012Revenue 2013: $129,018Expenses 2013: $108,933Net Income 2013: $20,0852013Revenue 2014: $95,747Expenses 2014: $98,935Net Income 2014: -$3,1882014Revenue 2015: $115,514Expenses 2015: $105,631Net Income 2015: $9,8832015Revenue 2016: $120,124Expenses 2016: $133,521Net Income 2016: -$13,3972016Revenue 2017: $117,173Expenses 2017: $127,973Net Income 2017: -$10,8002017Revenue 2018: $183,726Expenses 2018: $161,395Net Income 2018: $22,3312018Revenue 2019: $114,948Expenses 2019: $160,887Net Income 2019: -$45,9392019Revenue 2020: $72,190Expenses 2020: $91,294Net Income 2020: -$19,1042020Revenue 2021: $79,998Expenses 2021: $98,669Net Income 2021: -$18,6712021

Highlighted filing

2016

Revenue$120,124
Expenses$133,521
Net Income-$13,397
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$120,124
Mission and Program Overview

Mission

Member support, education and enrichment

Program Services

DescriptionGrantsExpenses
THE GALLERY PROVIDES AN OPPORTUNITY FOR ARTISIS TO DISPLAY AND SELL THEIR WORK. WE HOST MONTHLY EXHIBITS FOR PUBLIC VIEWING. NEW ARTISTS ARE ENCOURAGED TO USE THE OPPORTUNITIES TO LEARN AND GAIN EXPERIENCE SHOWING THEIR WORK. ART CLASSES ARE ALSO CONDUCTED. ESTIMATED 325 AND 8000 VISITORS ANNUALLY.-$102,751
THE GALLERY FUNCTIONS AS A CULTURAL CENTER AS WELL AS PROVIDES A MEETING PLACE FOR ART RELATED GROUPS. THIS INCLUDES A FIGURE DRAWING GROUP, AN POETRY READING GROUP, MONTHLY ART PROGRAMS WHICH INCLUDES LECTURES, WORKSHOPS, OR DEMOS AND EVENTS THAT ARE PART OF TOWN FESTIVALS. TYPICAL EVENTS DRAW 30 TO 50 PEOPLE, EXHIBITIONS DRAW 50 TO 200 PEOPLE. THERE ARE 100 TO 120 MEETINGS PER YEAR. MOST EVENTS ARE FREE AND OPEN TO THE PUBLIC.-$30,770
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEBORAH FAHYExecutive DiPT$0--
SUSAN MACPHERSONPresident-$0--
DIANA C SCULLYCo- Treasure-$0--
LISA RIGOULOTCo-Treasurer-$0--
ANNE YOUNGSecretary-$0--
HELENE FARRARMember At La-$0--
ANITA MORRISSEYMember At La-$0--
SALLY WAGLEYMember At La-$0--
Filing and Contact Details

Filer

Filer Name
Kennebec Valley Art Association
EIN
01-6018601
Phone
2076223813
Address
160 WATER STREET, HALLOWELL, ME 04347

Signing Officer

Name
Deborah Fahy
Title
Executive Director
Phone
2076223813
Signed
2017-05-11
Discuss with paid preparer
Yes

Preparer

Firm
LOUISE'S BOOKKEEPING SERVICES
Address
PO BOX 917, AUGUSTA, ME 04332
Preparer
Louise D Allen
Phone
2072157506
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaneous income 440 total 440

Form 990-ez, Part I, Line 16

Expenses supplies 2,253 379 workman's comp insurance 1,441 subscription expense 450 miscellaneous expenses 282 loss on investment 685 total 5,490

Form 990-ez, Part I, Line 20

Other decreases -9,780 prior period adjustment to unrestricted net assets

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,972 0 unsecured notes and loans payable 0 2,468 payroll liabilities 956 2,208 sales tax liability 224 391

Form 990-ez, Part III, Line 28

The gallery provides an opportunity for artisis to display and sell their work. We host monthly exhibits for public viewing. New artists are encouraged to use the opportunities to learn and gain experience showing their work. Art classes are also conducted. Estimated 325 and 8000 visitors annually.

Form 990-ez, Part III, Line 29

The gallery functions as a cultural center as well as provides a meeting place for art related groups. This includes a figure drawing group, an poetry reading group, monthly art programs which includes lectures, workshops, or demos and events that are part of town festivals. Typical events draw 30 to 50 people, exhibitions draw 50 to 200 people. There are 100 to 120 meetings per year. Most events are free and open to the public.

Raw XML Appendix182 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS INCOME 440 TOTAL 440
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES SUPPLIES 2,253 379 WORKMAN'S COMP INSURANCE 1,441 SUBSCRIPTION EXPENSE 450 MISCELLANEOUS EXPENSES 282 LOSS ON INVESTMENT 685 TOTAL 5,490
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER DECREASES -9,780 PRIOR PERIOD ADJUSTMENT TO UNRESTRICTED NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,972 0 UNSECURED NOTES AND LOANS PAYABLE 0 2,468 PAYROLL LIABILITIES 956 2,208 SALES TAX LIABILITY 224 391
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GALLERY PROVIDES AN OPPORTUNITY FOR ARTISIS TO DISPLAY AND SELL THEIR WORK. WE HOST MONTHLY EXHIBITS FOR PUBLIC VIEWING. NEW ARTISTS ARE ENCOURAGED TO USE THE OPPORTUNITIES TO LEARN AND GAIN EXPERIENCE SHOWING THEIR WORK. ART CLASSES ARE ALSO CONDUCTED. ESTIMATED 325 AND 8000 VISITORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GALLERY FUNCTIONS AS A CULTURAL CENTER AS WELL AS PROVIDES A MEETING PLACE FOR ART RELATED GROUPS. THIS INCLUDES A FIGURE DRAWING GROUP, AN POETRY READING GROUP, MONTHLY ART PROGRAMS WHICH INCLUDES LECTURES, WORKSHOPS, OR DEMOS AND EVENTS THAT ARE PART OF TOWN FESTIVALS. TYPICAL EVENTS DRAW 30 TO 50 PEOPLE, EXHIBITIONS DRAW 50 TO 200 PEOPLE. THERE ARE 100 TO 120 MEETINGS PER YEAR. MOST EVENTS ARE FREE AND OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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