Civic Intelligence

Arts Unbound Inc

990 • Fiscal year 2015 • EIN 03-0424875

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 10, 2015

544 Freeman StreetOrange, NJ 07050

(973) 675-2787

Siviq Scores

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

Liabilities / Assets

81st percentile

0.17x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

74th percentile

0.04x

Higher debt load relative to revenue than 74% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

91st percentile

$45,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

44th percentile

-0.5%

Faster asset growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$93,231

Down $450 (-0.5%) from 2014

Net Assets

Up

$77,105

Up $2,706 (+3.6%) from 2014

Liabilities

Down

$16,126

Down $3,156 (-16%) from 2014

Revenue

Up

$425,345

Up $53,287 (+14%) from 2014

Expenses

Up

$422,639

Up $107,253 (+34%) from 2014

Net Income

Down

$2,706

Down $53,966 (-95%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $124,171Liabilities 2011: $66,595Net Assets 2011: $57,5762011Assets 2012: $88,528Liabilities 2012: $36,822Net Assets 2012: $51,7062012Assets 2013: $59,227Liabilities 2013: $41,500Net Assets 2013: $17,7272013Assets 2014: $93,681Liabilities 2014: $19,282Net Assets 2014: $74,3992014Assets 2015: $93,231Liabilities 2015: $16,126Net Assets 2015: $77,1052015Assets 2016: $118,266Liabilities 2016: $17,074Net Assets 2016: $101,1922016Assets 2017: $127,872Liabilities 2017: $24,552Net Assets 2017: $103,3202017Assets 2018: $74,239Liabilities 2018: $56,246Net Assets 2018: $17,9932018

Highlighted filing

2015

Assets$93,231
Liabilities$16,126
Net Assets$77,105

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $393,053Expenses 2011: $375,442Net Income 2011: $17,6112011Revenue 2012: $401,174Expenses 2012: $407,044Net Income 2012: -$5,8702012Revenue 2013: $329,932Expenses 2013: $363,911Net Income 2013: -$33,9792013Revenue 2014: $372,058Expenses 2014: $315,386Net Income 2014: $56,6722014Revenue 2015: $425,345Expenses 2015: $422,639Net Income 2015: $2,7062015Revenue 2016: $661,127Expenses 2016: $637,041Net Income 2016: $24,0862016Revenue 2017: $635,820Expenses 2017: $633,777Net Income 2017: $2,0432017Revenue 2018: $583,787Expenses 2018: $669,097Net Income 2018: -$85,3102018

Highlighted filing

2015

Revenue$425,345
Expenses$422,639
Net Income$2,706
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$425,345
Mission and Program Overview

Mission

Arts unbound is dedicated to the artistic achievement of people living with disabilities and to the continuing artistic enrichment of seniors. We provide visual arts education and professional development to help emerging artists compete on the retail market. By promoting the work of artists with disabilities and seniors, we center their art-making rather than any impairments and by doing so challenge the stigma associated with disability and aging.

Arts unbound was established in 2000, and incorporated in 2002 and is a not for profit organization located in the state of new jersey. The organization is dedicated to the artistic achievement of people living with disabilities and seniors. We provide visual arts education and professional development to help emerging artists compete on the retail market. By promoting the work of artists with disabilities and seniors, we center their art-making rather than any impairments and by doing so challenge the stigma associated with disability and aging.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,806$45,972▼ $10,834
Accounts Receivable$28,088$33,980▲ $5,892
Land, Buildings, and Equipment, Net$2,364$4,302▲ $1,938
Inventories for Sale or Use$3,739$3,847▲ $108
Investments Other Securities$2,034$2,380▲ $346
Prepaid Expenses and Deferred Charges-$2,100-
Total Assets$93,681$93,231▼ $450
Other Assets Total$650$650→ $0
Liabilities
Accounts Payable and Accrued Expenses$19,282$16,126▼ $3,156
Total Liabilities$19,282$16,126▼ $3,156
Net Assets / Fund Balance
Unrestricted Net Assets$74,399$65,160▼ $9,239
Temporarily Rstr Net Assets-$11,945-
Total Net Assets Fund Balance$74,399$77,105▲ $2,706
Total Liabilities and Net Assets / Fund Balance$93,681$93,231▼ $450

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,302$12,762$17,064
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret MikkelsenExecutive DirectorFT$45,000$45,000

Board Members and Trustees

NameTitle
Alan HirshBoard Member
Joanne DoudsBoard Member
Leonard Bornstein Ed DBoard Member
MARI D' ALESSANDROBoard Member
Patricia a BellBoard Member
ROBERT O'BRIENBoard Member
Samuel CarruthBoard Member
Susan YoungBoard Member
Catherine LazenFounder - Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$141,603
Program Service Revenue
$282,629
Investment Income
$61
Other Revenue
$1,052
All Other Contributions
$141,603
Change in Net Assets
$2,706

Audited Revenue Reconciliation

Revenue per Audited Statements
$425,345
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-410
Total Revenue per Audited Statements
$424,935
Total Revenue per Form 990
$425,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,700
Salaries, Compensation, and Employee Benefits$150,939
Total Fundraising Expense$16,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$183,847$6,239-$190,086
Other Salaries and Wages$97,879$27,631$10,269$135,779
Occupancy$28,493$5,372$3,013$36,878
Office Expenses$13,090$3,396$756$17,242
Payroll Taxes$10,928$3,085$1,147$15,160
Insurance$5,209$2,900$158$8,267
Travel$2,164$90-$2,254
Depreciation Depletion-$1,922-$1,922
Other Expenses$1,113$717$185$1,113
All Other Expenses$468$128-$596
Total Functional Expenses$354,456$51,924$16,259$422,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$422,639
Total Expenses per Audited Statements$422,639
Total Expenses per Form 990$422,639
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Section B, Line 11

The board of directors reviewed 990.

Form 990, Part VI, Section B, Line 12C

Employees and board members are required to disclose any conflicts of interest and regularly enforce the policy when their are new board members or employees.

Form 990, Part VI, Section B, Line 15A

Yes the executive directors salary is reviewed and approved yearly by the board of directors.

Form 990, Part VI, Section C, Line 19

Upon request from the public, the organization will make its governing documents, conflict of interest policy and financial statements available.

Filing and Contact Details

Filer

Filer Name
Arts Unbound Inc
EIN
03-0424875
Phone
9736752787
Address
544 FREEMAN STREET, ORANGE, NJ 07050

Signing Officer

Name
Margaret Mikkelsen
Title
Executive Director
Phone
9736752787
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Mikkelsen
Formed
2002
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
0

Preparer

Firm
Malesardi Quackenbush Swift & Co LLC
Address
155 NORTH DEAN STREET - SUITE 5, ENGLEWOOD, NJ 07631
Preparer
Stephanie Healy
Phone
2015674100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 450. Management and general expenses 6,239. Fundraising expenses 0. Total expenses 6,689. Artist payments/consultants: program service expenses 183,397. Management and general expenses 0. Fundraising expenses 0. Total expenses 183,397.

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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt060
IRS990/PYOtherExpensesAmt0208202
IRS990/PYOtherRevenueAmt0707
IRS990/PYProgramServiceRevenueAmt0245920
IRS990/PYRevenuesLessExpensesAmt056672
IRS990/PYSalariesCompEmpBnftPaidAmt0107184
IRS990/PYTotalExpensesAmt0315386
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0372058
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02706
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0126534
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0125371
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0101604
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0246533
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0301050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0901092
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0297195
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0244920
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0229089
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0145397
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt050958
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0967559
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0703
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0674
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03938
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09107
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05185
IRS990ScheduleA/OtherIncome509Grp/TotalAmt019607
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98960
IRS990ScheduleA/PublicSupportPY509Pct00.98310
IRS990ScheduleA/PublicSupportTotal509Amt01868651
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0423729
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0370291
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0330693
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0391930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0352008
IRS990ScheduleA/Total509Grp/TotalAmt01868651
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0424432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0370965
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0334631
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0401037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0357193
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01888258
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0422639
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-410
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04302
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012762
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017064
IRS990ScheduleD/RevenueNotReportedAmt0-410
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0425345
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04302
IRS990ScheduleD/TotalExpensesPerForm990Amt0422639
IRS990ScheduleD/TotalRevenuePerForm990Amt0425345
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0424935
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0422639
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWED 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND REGULARLY ENFORCE THE POLICY WHEN THEIR ARE NEW BOARD MEMBERS OR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES THE EXECUTIVE DIRECTORS SALARY IS REVIEWED AND APPROVED YEARLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST FROM THE PUBLIC, THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 450. MANAGEMENT AND GENERAL EXPENSES 6,239. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,689. ARTIST PAYMENTS/CONSULTANTS: PROGRAM SERVICE EXPENSES 183,397. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 183,397.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt011945
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt093681
IRS990/TotalAssetsEOYAmt093231
IRS990/TotalAssetsGrp/BOYAmt093681
IRS990/TotalAssetsGrp/EOYAmt093231
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0141603
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016259
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051924
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0354456
IRS990/TotalFunctionalExpensesGrp/TotalAmt0422639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019282
IRS990/TotalLiabilitiesEOYAmt016126
IRS990/TotalLiabilitiesGrp/BOYAmt019282
IRS990/TotalLiabilitiesGrp/EOYAmt016126
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074399
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt077105
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt029457
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt029457
IRS990/TotalProgramServiceExpensesAmt0354456
IRS990/TotalProgramServiceRevenueAmt0282629
IRS990/TotalReportableCompFromOrgAmt045000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0283742
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0425345
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt093681
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt093231
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt090
IRS990/TravelGrp/ProgramServicesAmt02164
IRS990/TravelGrp/TotalAmt02254
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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