Civic Intelligence

Buchanan Art Center Inc.

990EZ • Fiscal year 2020 • EIN 20-1218119

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

117 W Front StreetBuchanan, MI 49107

(269) 697-4005

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.02x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

49th percentile

4.7%

Higher net margin than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$15,190

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 26.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

44th percentile

0.1%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

4.4%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$371,229

Up $545 (+0.1%) from 2019

Net Assets

Up

$370,131

Up $2,737 (+0.7%) from 2019

Liabilities

Down

$1,098

Down $2,192 (-67%) from 2019

Revenue

Up

$58,453

Up $2,441 (+4.4%) from 2019

Expenses

Down

$55,716

Down $10,886 (-16%) from 2019

Net Income

Up

$2,737

Up $13,327 (+126%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $389,255Liabilities 2010: $3,736Net Assets 2010: $385,5192010Assets 2011: $417,135Liabilities 2011: $245Net Assets 2011: $416,8902011Assets 2012: $397,305Liabilities 2012: $1,051Net Assets 2012: $396,2542012Assets 2013: $369,528Liabilities 2013: $2,919Net Assets 2013: $366,6092013Assets 2014: $345,730Liabilities 2014: $2,787Net Assets 2014: $342,9432014Assets 2015: $330,090Liabilities 2015: $6,558Net Assets 2015: $323,5322015Assets 2016: $417,050Liabilities 2016: $3,605Net Assets 2016: $413,4452016Assets 2017: $417,298Liabilities 2017: $1,796Net Assets 2017: $415,5022017Assets 2018: $380,981Liabilities 2018: $2,997Net Assets 2018: $377,9842018Assets 2019: $370,684Liabilities 2019: $3,290Net Assets 2019: $367,3942019Assets 2020: $371,229Liabilities 2020: $1,098Net Assets 2020: $370,1312020Assets 2021: $357,547Liabilities 2021: $715Net Assets 2021: $356,8322021Assets 2022: $490,027Liabilities 2022: $5,350Net Assets 2022: $484,6772022Assets 2023: $497,029Liabilities 2023: $10,906Net Assets 2023: $486,1232023Assets 2024: $497,406Liabilities 2024: $2,561Net Assets 2024: $494,8452024

Highlighted filing

2020

Assets$371,229
Liabilities$1,098
Net Assets$370,131

Operations Trend

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $79,5162010Revenue 2011: $101,734Expenses 2011: $70,365Net Income 2011: $31,3692011Revenue 2012: $54,758Expenses 2012: $75,394Net Income 2012: -$20,6362012Revenue 2013: $59,511Expenses 2013: $89,156Net Income 2013: -$29,6452013Revenue 2014: $60,881Expenses 2014: $84,546Net Income 2014: -$23,6652014Revenue 2015: $64,822Expenses 2015: $84,233Net Income 2015: -$19,4112015Revenue 2016: $63,586Expenses 2016: $68,793Net Income 2016: -$5,2072016Revenue 2017: $92,089Expenses 2017: $90,032Net Income 2017: $2,0572017Revenue 2018: $62,095Expenses 2018: $99,613Net Income 2018: -$37,5182018Revenue 2019: $56,012Expenses 2019: $66,602Net Income 2019: -$10,5902019Revenue 2020: $58,453Expenses 2020: $55,716Net Income 2020: $2,7372020Revenue 2021: $94,168Expenses 2021: $84,696Net Income 2021: $9,4722021Revenue 2022: $150,882Expenses 2022: $73,346Net Income 2022: $77,5362022Revenue 2023: $128,656Expenses 2023: $127,210Net Income 2023: $1,4462023Revenue 2024: $133,254Expenses 2024: $124,532Net Income 2024: $8,7222024

Highlighted filing

2020

Revenue$58,453
Expenses$55,716
Net Income$2,737
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$58,453
Mission and Program Overview

Mission

Provide community place dedicated to art

Program Services

DescriptionGrantsExpenses
BAC hosts 4 sessions of classes/year in a variety of mediums, ages & skill levels. 2020 had 134 registrations. Average of 80 class/yr with more than 80% of classes running.-$9,975
Eight rounds of exhibitions are hosted promoting the work of a minimum 20 artists/yr. 2020 had over 2300 in sales with 75% going directly to the artist.-$3,320
Consignment Gift Shop on premise offers sale opportunities for artists with a core group of 35 represented. Around 2400 sales in 2020 with 75% going to the artists.-$1,871
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danielle WilbornExecutive DirectorPT$15,190-$15,190
Diana PalonoActing President-$0--
Nana MaherVice President-$0--
Mary AnkrattBoard Member-$0--
Marie RemingtonBoard Membergallarystudio-$0--
Sue GlossingerBoard Member-$0--
Valerie ReganSecretary-$0--
Roxanne GunterBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Buchanan Art Center Inc
EIN
20-1218119
Address
117 W Front Street, Buchanan, MI 49107

Signing Officer

Name
Roxanne Gunter
Title
Board Member
Phone
2696974005
Signed
2021-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Bucktown Accounting and Tax Service
Address
324 E Dewey Street Suite 104, Buchanan, MI 49107
Preparer
Heidi Ott Burks
Phone
2694096100
Supplemental Narrative

Additional Explanations

General explanation attachment

Digital copies of the 990-EZ were sent to board members to review. Paper copies of all organization financials and records such as meeting minutes are available upon request whether in person, over the phone, or online request. The mission of the Buchanan Art Center (BAC) is to provide a place in our community dedicated to nurturing the arts by providing a quality educational program for all ages, as well as gallery exhibits, sales opportunities, and a gift shop that are supporting of class offerings and local artists, thereby enabling the center to creatively enlist the power of the arts in promoting positive social change.

Description of other revenue Part I line 8

Description AmountEndowment 3,975

Description of other expenses Part I line 16

Description AmountDepreciation from 4562 7,936Advertising 3,965Credit Card Processing 407Alarm System 378Bank Charges 201Supplies 1,856Dues and Subscriptions 339Taxes 2,032Special Events 178Insurance 2,664

Description of other assets Part II line 24

Category Beginning of Year End of YearFurniture, Diplays, Art tools 54,953 43,896MI Gateway 111,419 124,439Money market is lower. The BAC is currently spending down some reserves while observing local market trends and building plans for continued sustainability and growth. The BAC is in a period of evaluation and re-organization in terms of committee structures, tasks, and program logistics. The Mission of the BAC and core programs are not changing.

Description of total liabilities Part II line 26

Category Beginning of Year End of YearSales Tax, Payroll Tax, misc 3,290 1,098

Other program services Part III line 31

Empty Bowls in an annual fundraiser for the RAM foodbank in Berrien County. We host free workshops open to the community to generate bowls to be sold at the related soup supper & also donate the clay itself, the instruction time, & firing of bowls to the fundraiser. This project is a collaboration between the Buchanan Art Center (BAC), the Buchanan Community Schools, and additional business and individuals in the community.Free kids activities are provided during several cummunity events throughout the year, with the largest being held on Shop Small Saturday. Materials and project leaders are provided for several hundred kids during the town wide event.In 2018 the BAC began waiving the facility rental fee for other community organizations, as long as the events are open to public.

Raw XML Appendix212 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/ExplanationTxt0Digital copies of the 990-EZ were sent to board members to review. Paper copies of all organization financials and records such as meeting minutes are available upon request whether in person, over the phone, or online request. The mission of the Buchanan Art Center (BAC) is to provide a place in our community dedicated to nurturing the arts by providing a quality educational program for all ages, as well as gallery exhibits, sales opportunities, and a gift shop that are supporting of class offerings and local artists, thereby enabling the center to creatively enlist the power of the arts in promoting positive social change.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountEndowment 3,975
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountDepreciation from 4562 7,936Advertising 3,965Credit Card Processing 407Alarm System 378Bank Charges 201Supplies 1,856Dues and Subscriptions 339Taxes 2,032Special Events 178Insurance 2,664
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearFurniture, Diplays, Art tools 54,953 43,896MI Gateway 111,419 124,439Money market is lower. The BAC is currently spending down some reserves while observing local market trends and building plans for continued sustainability and growth. The BAC is in a period of evaluation and re-organization in terms of committee structures, tasks, and program logistics. The Mission of the BAC and core programs are not changing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Category Beginning of Year End of YearSales Tax, Payroll Tax, misc 3,290 1,098
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Empty Bowls in an annual fundraiser for the RAM foodbank in Berrien County. We host free workshops open to the community to generate bowls to be sold at the related soup supper & also donate the clay itself, the instruction time, & firing of bowls to the fundraiser. This project is a collaboration between the Buchanan Art Center (BAC), the Buchanan Community Schools, and additional business and individuals in the community.Free kids activities are provided during several cummunity events throughout the year, with the largest being held on Shop Small Saturday. Materials and project leaders are provided for several hundred kids during the town wide event.In 2018 the BAC began waiving the facility rental fee for other community organizations, as long as the events are open to public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other program services Part III line 31
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ReturnHeader/Filer/EIN0201218119
ReturnHeader/Filer/USAddress/AddressLine1Txt0117 W Front Street
ReturnHeader/Filer/USAddress/CityNm0Buchanan
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Buchanan
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Heidi Ott Burks
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-09T12:57:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Roxanne
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Gunter
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
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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.$4.97$0.03$4.95$1.33$1.25$0.09
2023Detailed filing. Detailed filing data is available for this year.$4.97$0.11$4.86$1.29$1.27$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.90$0.05$4.85$1.51$0.73$0.78
2021Detailed filing. Detailed filing data is available for this year.$3.58$0.01$3.57$0.94$0.85$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.71$0.01$3.70$0.58$0.56$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.71$0.03$3.67$0.56$0.67$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.81$0.03$3.78$0.62$1.00$0.38
2017Detailed filing. Detailed filing data is available for this year.$4.17$0.02$4.16$0.92$0.90$0.02
2016Detailed filing. Detailed filing data is available for this year.$4.17$0.04$4.13$0.64$0.69$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.30$0.07$3.24$0.65$0.84$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.46$0.03$3.43$0.61$0.85$0.24
2013Detailed filing. Detailed filing data is available for this year.$3.70$0.03$3.67$0.60$0.89$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.97$0.01$3.96$0.55$0.75$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.00$4.17$1.02$0.70$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.04$3.86$0.80