Civic Intelligence

Wyly Community Art Center

990 • Fiscal year 2017 • EIN 20-1188479

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 01, 2018

99 Midland AveBasalt, CO 81621

(970) 927-4123

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.21x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

55th percentile

5.3%

Higher net margin than 55% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$87,937

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

83rd percentile

30%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$89,474

Up $20,781 (+30%) from 2016

Net Assets

Up

$70,765

Up $27,159 (+62%) from 2016

Liabilities

Down

$18,709

Down $6,378 (-25%) from 2016

Revenue

Up

$532,117

Up $136,265 (+34%) from 2016

Expenses

Up

$504,048

Up $65,478 (+15%) from 2016

Net Income

Up

$28,069

Up $70,787 (+166%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $146,272Liabilities 2010: $2,782Net Assets 2010: $143,4902010Assets 2011: $195,741Liabilities 2011: $7,180Net Assets 2011: $188,5612011Assets 2012: $248,511Liabilities 2012: $3,856Net Assets 2012: $244,6552012Assets 2013: $250,630Liabilities 2013: $375Net Assets 2013: $250,2552013Assets 2014: $212,876Liabilities 2014: $8,562Net Assets 2014: $204,3142014Assets 2015: $99,076Liabilities 2015: $7,701Net Assets 2015: $91,3752015Assets 2016: $68,693Liabilities 2016: $25,087Net Assets 2016: $43,6062016Assets 2017: $89,474Liabilities 2017: $18,709Net Assets 2017: $70,7652017Assets 2018: $137,783Liabilities 2018: $41,724Net Assets 2018: $96,0592018Assets 2019: $263,322Liabilities 2019: $100,852Net Assets 2019: $162,4702019Assets 2020: $2,226,750Liabilities 2020: $1,377,334Net Assets 2020: $849,4162020Assets 2021: $2,805,955Liabilities 2021: $1,338,652Net Assets 2021: $1,467,3032021Assets 2022: $2,556,714Liabilities 2022: $1,232,774Net Assets 2022: $1,323,9402022Assets 2023: $2,212,049Liabilities 2023: $968,256Net Assets 2023: $1,243,7932023Assets 2024: $2,092,377Liabilities 2024: $927,350Net Assets 2024: $1,165,0272024

Highlighted filing

2017

Assets$89,474
Liabilities$18,709
Net Assets$70,765

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $334,9852010Expenses 2011: $278,5422011Expenses 2012: $233,8952012Revenue 2013: $289,051Expenses 2013: $283,451Net Income 2013: $5,6002013Revenue 2014: $264,787Expenses 2014: $310,728Net Income 2014: -$45,9412014Revenue 2015: $223,267Expenses 2015: $336,206Net Income 2015: -$112,9392015Revenue 2016: $395,852Expenses 2016: $438,570Net Income 2016: -$42,7182016Revenue 2017: $532,117Expenses 2017: $504,048Net Income 2017: $28,0692017Revenue 2018: $587,925Expenses 2018: $562,631Net Income 2018: $25,2942018Revenue 2019: $614,961Expenses 2019: $545,485Net Income 2019: $69,4762019Revenue 2020: $1,318,742Expenses 2020: $475,555Net Income 2020: $843,1872020Revenue 2021: $1,249,612Expenses 2021: $631,725Net Income 2021: $617,8872021Revenue 2022: $654,174Expenses 2022: $797,537Net Income 2022: -$143,3632022Revenue 2023: $762,602Expenses 2023: $843,197Net Income 2023: -$80,5952023Revenue 2024: $719,142Expenses 2024: $798,823Net Income 2024: -$79,6812024

Highlighted filing

2017

Revenue$532,117
Expenses$504,048
Net Income$28,069
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 1, 2018
Return Version
2017v2.3
Gross Receipts
$606,920
Mission and Program Overview

Mission

The wyly community art center fosters creative expression through the visual arts for learners of all ages and abilities. We provide classes, outreach partnership programs and community events. We are committed to enhancing and enlivening our community through excellence in teaching, promoting freedom of expression and encouraging the unique learning style of each individual.

Foster creative expression through visual arts for learners of all ages and abilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,831$58,456▲ $29,625
Savings and Temporary Cash Investments$13,186$17,034▲ $3,848
Land, Buildings, and Equipment, Net$19,663$12,284▼ $7,379
Accounts Receivable$4,963$1,700▼ $3,263
Total Assets$68,693$89,474▲ $20,781
Other Assets Total$2,050$0▼ $2,050
Liabilities
Other Liabilities$4,574$12,677▲ $8,103
Accounts Payable and Accrued Expenses$20,513$6,032▼ $14,481
Total Liabilities$25,087$18,709▼ $6,378
Net Assets / Fund Balance
Unrestricted Net Assets$43,606$70,765▲ $27,159
Total Net Assets Fund Balance$43,606$70,765▲ $27,159
Total Liabilities and Net Assets / Fund Balance$68,693$89,474▲ $20,781

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,768$33,734$45,502
Equipment$516$22,302$22,818
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Genna MoeExecutive DirectorFT$85,458$2,479$87,937

Board Members and Trustees

NameTitle
Bill KanePresident
Kathy HoneaVice President
Gino RossettiDirector
Jeffrey WoodruffDirector
Jill KaufmanDirector
John BlackDirector
Krista KleesDirector
Mac CunninghamDirector
Teena ShawDirector
Tim BelinskiDirector
Gayle WatermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$378,736
Program Service Revenue
$71,811
Investment Income
$86
Other Revenue
$81,484
All Other Contributions
$365,736
Change in Net Assets
$28,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$294,996
Other Expenses$209,052
Total Fundraising Expense$77,061
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$163,497$8,205$8,205$179,907
Current Officers, Directors, Trustees, and Key Employees$42,729$8,546$34,183$85,458
Fees for Services Other$37,426--$37,426
Advertising$36,511--$36,511
Payroll Taxes$15,776$1,281$3,243$20,300
Office Expenses$4,042$12,822-$16,864
Fees for Services Accounting-$11,641-$11,641
Information Technology$10,740--$10,740
Pension Plan Contributions$6,899$756$1,676$9,331
Other Expenses$8,112-$29,285$8,112
Depreciation Depletion$6,307$1,072-$7,379
Occupancy$5,398$791-$6,189
Insurance$3,513$1,415$469$5,397
Conferences and Meetings$1,262$145-$1,407
Total Functional Expenses$380,313$46,674$77,061$504,048
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,729
Fundraising Direct Expenses$41,609
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$108,729$108,729$41,609$67,120
Total Events$108,729$108,729$41,609$67,120
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retirement Plan Payable$12,607
Sales Tax Payable$70
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 11B

The board has the executive director perform a review of the 990 and discuss with the board prior to filing the return.

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

The policy requires board members to notify the organization immediately of any conflict of interest. The policy is discussed at board meetings throughout the year.

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

The board reseraches comparable salaries from other nonprofits, reviews the organization's needs for the upcoming year, and documents the decision in board minutes when approving the budget.

Form 990, Part VI, Section C, line 19

The organizing documents, 990 and financial statements are provided to the general public upon request.

Filing and Contact Details

Filer

Filer Name
The Art Base
EIN
20-1188479
Phone
9709274123
Address
99 Midland Ave, Basalt, CO 81621

Signing Officer

Name
Genna Moe
Title
Executive Director
Phone
9709274123
Signed
2018-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Kane
Formed
2004
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
0

Preparer

Firm
Reese Henry & Company Inc
Address
400 East Main St Suite 2, Aspen, CO 81611
Preparer
Denise Jurgens CPA
Phone
9709253771
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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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IRS990/Desc0To foster creative expression through the visual arts for learners of all ages and abilities. To provide programs and a learning environment committed to excellence and unique learning skills. Approximately 15,000 people benefitted from our programs.
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IRS990/PayrollTaxesGrp/ProgramServicesAmt015776
IRS990/PayrollTaxesGrp/TotalAmt020300
IRS990/PensionPlanContributionsGrp/FundraisingAmt01676
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0756
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06899
IRS990/PensionPlanContributionsGrp/TotalAmt09331
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Bill Kane
IRS990/PriorPeriodAdjustmentsAmt0-910
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0CLASS FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt071811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt071811
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0274623
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017
IRS990/PYOtherExpensesAmt0175612
IRS990/PYOtherRevenueAmt030306
IRS990/PYProgramServiceRevenueAmt090906
IRS990/PYRevenuesLessExpensesAmt0-42718
IRS990/PYSalariesCompEmpBnftPaidAmt0262958
IRS990/PYTotalExpensesAmt0438570
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0395852
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt028069
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt086175
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013186
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017034
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt011768
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033734
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt045502
IRS990ScheduleD/EquipmentGrp/BookValueAmt0516
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022302
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt070
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112607
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Sales Tax Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Retirement Plan Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012284
IRS990ScheduleD/TotalLiabilityAmt012677
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The nondiscrimatory policy is posted on the organization's website and at class registration sites.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization receives operating grants from the Town of Basalt, the City of Aspen and the State of Colorado. The right to request such aid has never been revoked or suspended.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt041609
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0108729
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0108729
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0108729
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0108729
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt067120
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt041609
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt041609
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board has the executive director perform a review of the 990 and discuss with the board prior to filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The policy requires board members to notify the organization immediately of any conflict of interest. The policy is discussed at board meetings throughout the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reseraches comparable salaries from other nonprofits, reviews the organization's needs for the upcoming year, and documents the decision in board minutes when approving the budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organizing documents, 990 and financial statements are provided to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt068693
IRS990/TotalAssetsEOYAmt089474
IRS990/TotalAssetsGrp/BOYAmt068693
IRS990/TotalAssetsGrp/EOYAmt089474
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0378736
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt077061
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046674
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0380313
IRS990/TotalFunctionalExpensesGrp/TotalAmt0504048
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025087
IRS990/TotalLiabilitiesEOYAmt018709
IRS990/TotalLiabilitiesGrp/BOYAmt025087
IRS990/TotalLiabilitiesGrp/EOYAmt018709
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043606
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt070765
IRS990/TotalOtherCompensationAmt02479
IRS990/TotalProgramServiceExpensesAmt0380313
IRS990/TotalProgramServiceRevenueAmt071811
IRS990/TotalReportableCompFromOrgAmt085458
IRS990/TotalRevenueGrp/ExclusionAmt067206
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt086175
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0532117
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068693
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt089474
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt043606
IRS990/UnrestrictedNetAssetsGrp/EOYAmt070765

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.09$0.93$1.17$0.72$0.80$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.21$0.97$1.24$0.76$0.84$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.56$1.23$1.32$0.65$0.80$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.81$1.34$1.47$1.25$0.63$0.62
2020Detailed filing. Detailed filing data is available for this year.$2.23$1.38$0.85$1.32$0.48$0.84
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.10$0.16$0.61$0.55$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.04$0.10$0.59$0.56$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$0.53$0.50$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.03$0.04$0.40$0.44$0.04
2015Summary only. Only limited summary data is available for this year.$0.10$0.01$0.09$0.22$0.34$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.20$0.26$0.31$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.29$0.28$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.00$0.24$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.01$0.19$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.00$0.14$0.33