Civic Intelligence

Westport Arts Center

990 • Fiscal year 2016 • EIN 06-0890501

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 11, 2016

51 Riverside AveWestport, CT 06880

(203) 222-7070

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

5th percentile

-64%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$61,146

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-63%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,962,910

Down $290,428 (-13%) from 2015

Net Assets

Down

$1,946,861

Down $297,833 (-13%) from 2015

Liabilities

Up

$16,049

Up $7,405 (+86%) from 2015

Revenue

Down

$518,016

Down $900,103 (-63%) from 2015

Expenses

Up

$850,289

Up $9,148 (+1.1%) from 2015

Net Income

Down

-$332,273

Down $909,251 (-158%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $599,407Liabilities 2010: $0Net Assets 2010: $599,4072010Assets 2011: $555,914Liabilities 2011: $0Net Assets 2011: $555,9142011Assets 2012: $1,523,355Liabilities 2012: $0Net Assets 2012: $1,523,3552012Assets 2013: $1,721,538Liabilities 2013: $0Net Assets 2013: $1,721,5382013Assets 2014: $1,921,264Liabilities 2014: $25,918Net Assets 2014: $1,895,3462014Assets 2015: $2,253,338Liabilities 2015: $8,644Net Assets 2015: $2,244,6942015Assets 2016: $1,962,910Liabilities 2016: $16,049Net Assets 2016: $1,946,8612016Assets 2017: $1,945,563Liabilities 2017: $26,162Net Assets 2017: $1,919,4012017Assets 2018: $1,817,951Liabilities 2018: $31,538Net Assets 2018: $1,786,4132018Assets 2019: $2,329,558Liabilities 2019: $164,141Net Assets 2019: $2,165,4172019Assets 2020: $1,634,709Liabilities 2020: $243,765Net Assets 2020: $1,390,9442020Assets 2021: $2,832,427Liabilities 2021: $397,106Net Assets 2021: $2,435,3212021Assets 2022: $2,504,812Liabilities 2022: $325,846Net Assets 2022: $2,178,9662022Assets 2023: $5,899,325Liabilities 2023: $2,389,545Net Assets 2023: $3,509,7802023Assets 2024: $5,691,853Liabilities 2024: $2,217,150Net Assets 2024: $3,474,7032024Assets 2025: $5,426,001Liabilities 2025: $2,291,182Net Assets 2025: $3,134,8192025

Highlighted filing

2016

Assets$1,962,910
Liabilities$16,049
Net Assets$1,946,861

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $642,2432010Expenses 2011: $755,1012011Revenue 2012: $1,821,729Expenses 2012: $811,515Net Income 2012: $1,010,2142012Revenue 2013: $826,870Expenses 2013: $767,775Net Income 2013: $59,0952013Revenue 2014: $969,979Expenses 2014: $837,253Net Income 2014: $132,7262014Revenue 2015: $1,418,119Expenses 2015: $841,141Net Income 2015: $576,9782015Revenue 2016: $518,016Expenses 2016: $850,289Net Income 2016: -$332,2732016Revenue 2017: $817,042Expenses 2017: $957,653Net Income 2017: -$140,6112017Revenue 2018: $772,854Expenses 2018: $906,532Net Income 2018: -$133,6782018Revenue 2019: $1,285,342Expenses 2019: $955,317Net Income 2019: $330,0252019Revenue 2020: $871,010Expenses 2020: $1,340,219Net Income 2020: -$469,2092020Revenue 2021: $2,286,272Expenses 2021: $1,337,376Net Income 2021: $948,8962021Revenue 2022: $1,556,598Expenses 2022: $1,589,197Net Income 2022: -$32,5992022Revenue 2023: $3,248,786Expenses 2023: $1,588,122Net Income 2023: $1,660,6642023Revenue 2024: $1,178,535Expenses 2024: $1,546,272Net Income 2024: -$367,7372024Revenue 2025: $1,212,833Expenses 2025: $1,548,615Net Income 2025: -$335,7822025

Highlighted filing

2016

Revenue$518,016
Expenses$850,289
Net Income-$332,273
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$2,189,347
Mission and Program Overview

Mission

To develop world-class, thought-provoking and creative programs for adults, kids and teens at all levels of expertise. Wac provides access to both the best of the global arts community and local artistic experiences.

The westport arts center is home for the arts, delivering opportunities to learn, engage and be inspired. We believe artistic experiences enhance lives and enrich our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,698,822$1,681,531▼ $17,291
Pledges and Grants Receivable$193,489$115,031▼ $78,458
Savings and Temporary Cash Investments$238,578$81,079▼ $157,499
Cash and Non-Interest-Bearing Accounts$81,348$69,239▼ $12,109
Land, Buildings, and Equipment, Net$9,735$8,342▼ $1,393
Accounts Receivable$29,560$4,688▼ $24,872
Prepaid Expenses and Deferred Charges$1,806$3,000▲ $1,194
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,253,338$1,962,910▼ $290,428
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,644$16,049▲ $7,405
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,644$16,049▲ $7,405
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,093,018$1,039,390▼ $53,628
Temporarily Rstr Net Assets$575,271$518,398▼ $56,873
Unrestricted Net Assets$576,405$389,073▼ $187,332
Total Net Assets Fund Balance$2,244,694$1,946,861▼ $297,833
Total Liabilities and Net Assets / Fund Balance$2,253,338$1,962,910▼ $290,428

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,446$151,897$156,343
Equipment$2,457$30,215$32,672
Other Land Buildings$1,439$6,322$7,761

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,287,979-▼ $4,758$48,870$1,234,351
2014$1,357,464-▼ $3,920$65,565$1,287,979
2013$1,253,518-▲ $172,606$68,660$1,357,464
2012$1,166,376-▲ $147,105$59,963$1,253,518
2011$52,045$1,149,664▲ $23,472$58,805$1,166,376
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cynthia ArmijoExecutive DirectorFT$61,146$61,146
EILEEN O'BRIENInterim exec director/DIRECTOR-$39,417$39,417
Peter Van HeerdeenExecutive DirectorFT$2,280$2,280

Board Members and Trustees

NameTitle
Bill FeltonChairman
Deb MurtaughPresident
Thomas Hofstetter2nd Vice President
Michael Kalman3rd Vice President
Michael LoebIst Vice President
Andy McgradeDirector
Dale NajarianDirector
Deirdre PriceDirector
Derek GoodmanDirector
Doug TirolaDirector
Elizabeth StrickDirector
Erika MillerDirector
Eugene MillerDirector
Gary CosgraveDirector
Jane PreiserDirector
Jeffrey PlotkinDirector
Joe PucciDirector
Joyce PaukerDirector
Joyce ThompsonDirector
Kara EdwardsDirector
Lance LundbergDirector
Laura MagedDirector
Laura PereseDirector
Michael DelgassDirector
Neil Waters BerneggerDirector
Rachel a PencuDirector
Silvia DurnoDirector
Amanda InnesExecutive Director/member
Orly AngerthalSecretary
Andrew KaplanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$505,173
Program Service Revenue
$94,277
Investment Income
$-28,958
Other Revenue
$-52,476
All Other Contributions
$211,950
Change in Net Assets
$-332,273

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table16$47,470Fair Market Value (FMV)
Securities Publicly Traded4$16,137Fair Market Value
Other Non Cash Contri Table1$7,375Fair Market Value (FMV)
Other Non Cash Contri Table2$5,984Fair Market Value (FMV)
Total Noncash Contributions23$76,966-

Audited Revenue Reconciliation

Revenue per Audited Statements
$505,319
Revenue Not Reported on Financial Statements
$12,697
Revenue Not Reported on Form 990
$180,560
Total Revenue per Audited Statements
$685,879
Total Revenue per Form 990
$518,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$426,094
Salaries, Compensation, and Employee Benefits$424,195
Total Fundraising Expense$121,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$196,496$7,435$78,159$282,090
Current Officers, Directors, Trustees, and Key Employees$56,309$33,786$22,524$112,619
Occupancy$93,247$8,289$2,072$103,608
Office Expenses$32,584$36,815$8,273$77,672
Fees for Services Other-$46,085-$46,085
Payroll Taxes$16,752$2,731$6,671$26,154
Fees for Services Accounting-$12,800-$12,800
Fees for Service Investment Mgmnt Fees-$12,697-$12,697
Insurance$6,726$4,911-$11,637
Advertising$6,497-$1,625$8,122
Depreciation Depletion-$7,321-$7,321
Information Technology-$6,000-$6,000
Other Expenses$4,530-$1,132$5,662
Other Employee Benefits$2,395$272$665$3,332
Fees for Services Legal-$1,731-$1,731
Total Functional Expenses$547,692$180,873$121,724$850,289

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$983,712
Total Expenses per Form 990$850,289
Expenses per Audited Statements$837,592
Expenses Not Reported on Form 990$146,120
Expenses Not Reported on Financial Statements$12,697
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$135,797
Fundraising Gross Income$61,975
Gaming Gross Income$21,731
Gaming Direct Expenses$10,323
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$319,820$61,975$47,955$14,020
Total Events$319,820$61,975$135,797$-73,822
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Review of Form 990, Form 990 Part VI Question 11A/11B

Prior to filing form 990, the finance and audit committee and the executive director review the return and approve the information. Any required information from board members is acquired. Form 990 is then circulated to the board of directors for review, questions and comments. Form 990 is then signed and filed.

Compensation, Form 990 Part VI Question 15A

The executive director's compensation is approved by the executive committee of the board. Surveys and review of comparable compensation levels are reviewed and considered in determining compensation level.

Compensation, Form 990 Part VI Question 15B

Compensation for key employees is reviewed and approved by the executive director and executive committee of the board.

Conflict of Interest Monitoring, Form 990 Part VI Question 12C

The center's board annually review and disclose any conflicts of interest to the officers and management. Any instances of a conflict for employees or volunteers are disclosed as soon as any would occur.

Filing and Contact Details

Filer

Filer Name
Westport Arts Center
EIN
06-0890501
In Care Of
% SABINE NEUMANN
Phone
2032227070
Address
51 Riverside Ave, Westport, CT 06880

Signing Officer

Name
Andrew Kaplan
Title
treasurer
Phone
2032261806
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Andrew Kaplan
Formed
1988
Legal Domicile
Ct
Voting Board Members
25
Independent Board Members
25
Employees
12
Volunteers
75

Preparer

Firm
DworkenHillmanLaMorte & Sterczala
Address
Four Corporate Dr Suite 488, Shelton, CT 06484
Preparer
Alberto C Martins CPA
Phone
2039293535
Supplemental Narrative

Additional Explanations

Other Program Services, Form 990 Part III, Question 4D

The center provided the following other program services for the fiscal year 2016: the teen advisory council: the teen advisory council is an elite group of regional teens that serve as ambassadors for the westport arts center through their dedication and leadership. Members of the teen advisory council plan events for their peers, create strategy for teen programming, and develop promotional materials to accompany events and programs under the direction of the art center staff and an advisory council moderator. The teen advisory council shares the westport arts center's mission to connect the community through the arts by creating opportunities and experiences that enrich the lives of area residents. Young shoots digital photography contest: the westport arts center (wac) and community partners collaborate on young shoots, a student digital photography competition for ages 8-18. The competition is designed to enable students to demonstrate their creativity and originality through the digital photography medium and to showcase the local color and vibrancy of the community. Westport artists' collective: the westport artists' collective is a group of creative individuals who have joined forces to discuss, create, and develop dynamic experiences for the fairfield county community. The collective is open to all active artists in pursuit of expanding their careers and in developing a strong, diverse arts community.

Oversight Process, Form 990 Part XII Question 2C

The center's executive director and audit committee assume responsibility for oversight of the audit of the financial statements and selection of independent accountant. The center's executive director, audit committee and bookkeeper hold a regularly scheduled conference call to discuss the center's monthly financial results, comparison to budget, and outlook for the remainder of the fiscal year. The results of the conference call are shared with the executive committee and full board each month.

Financial Statement Notes

Part V, line 4 - Endowment Funds

The Endowment funds are restricted for the support of the Chamber Music Program of the Center, Center's Classical Music Program, operating expenses, and an annual music competition.

Part XII, Line 2D other revenue reconciling

Special events/raffle expenses netted against fundraising income on form 990, part viii, line 8b

PART XIII, LINE 2D OTHER EXPENSE RECONCILIATION

Special events/raffle direct expenses netted against fundraising income on form 990, part viii, line 8b

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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt192ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21IST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt253RD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DIRECTOR/MEMBER
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.43$2.29$3.13$1.21$1.55$0.34
2024Detailed filing. Detailed filing data is available for this year.$5.69$2.22$3.47$1.18$1.55$0.37
2023Detailed filing. Detailed filing data is available for this year.$5.90$2.39$3.51$3.25$1.59$1.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.33$2.18$1.56$1.59$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.40$2.44$2.29$1.34$0.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.24$1.39$0.87$1.34$0.47
2019Summary only. Only limited summary data is available for this year.$2.33$0.16$2.17$1.29$0.96$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.03$1.79$0.77$0.91$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.03$1.92$0.82$0.96$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.96$0.02$1.95$0.52$0.85$0.33
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.01$2.24$1.42$0.84$0.58
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.03$1.90$0.97$0.84$0.13
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.72$0.00$1.72$0.83$0.77$0.06
2012Summary only. Only limited summary data is available for this year.$1.52$0.00$1.52$1.82$0.81$1.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.64