Civic Intelligence

Buchanan Art Center Inc.

990EZ • Fiscal year 2021 • EIN 20-1218119

Jan 01, 2021 to Dec 31, 2021 • Filed on May 31, 2022

117 W Front StBuchanan, MI 49107

(574) 993-1860

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

52nd percentile

10%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

33rd percentile

-3.7%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

61%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$357,547

Down $13,682 (-3.7%) from 2020

Net Assets

Down

$356,832

Down $13,299 (-3.6%) from 2020

Liabilities

Down

$715

Down $383 (-35%) from 2020

Revenue

Up

$94,168

Up $35,715 (+61%) from 2020

Expenses

Up

$84,696

Up $28,980 (+52%) from 2020

Net Income

Up

$9,472

Up $6,735 (+246%) from 2020

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

2021

Assets$357,547
Liabilities$715
Net Assets$356,832

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

2021

Revenue$94,168
Expenses$84,696
Net Income$9,472
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 31, 2022
Return Version
2021v4.0
Gross Receipts
$94,168
Mission and Program Overview

Mission

Provide a place in our community dedicated to the arts by providing educational programs, galleries for exhibits, and sales opportunities for local artists.

Provide community place dedicated to art

Program Services

DescriptionGrantsExpenses
BAC HOST 4 SESSION OF CLASSES/YEAR IN A VARIETY OF MEDIUMS, AGES & SKILL LEVELS. 2021 HAD 240 REGISTRATIONS. AVERAGE OF 68 CLASS/YR WITH MORE THAN 80% OF CLASSES-$70,986
CONSIGNMENT GIFT SHOP ON PREMISE OFFERS SALE OPPORTUNITIES FOR ARTISTS WITH A CORE GROUP OF 30 REPRESENTED. AROUND 5848 SALES IN 2021 WITH 75% GOING TO THE ARTISTS-$3,518
EIGHT ROUNDS OF EXHIBITION ARE HOSTED PROMOTING THE WORK OF A MINIMUM 20 ARTISTS/YR. 2021 HAD OVER 4056 IN SALES WITH 75% GOING DIRECTLY TO THE ARTIST-$2,599
EMPTY BOWLS IS AN ANNUAL FUNDRAISER FOR THA 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 BOWL'S 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 COMMUNITY EVENTS THROUGHOUT THE YEAR, WITH THE LARGEST BEING HELD ON SHOP SMALL SATURDAY. LMATERIALS 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 ORGANIZATION, AS LONG AS THE EVENTS ARE OPEN TO PUBLIC.-$2,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NANA MAHARPresident-$0--
MARY ANKRAPPVice Preside-$0--
VALARI REGANSecretary-$0--
ROXANNE GUNTERTreasurer-$0--
MARJORIE TRAPPTrustee-$0--
MARIE REMINGTONTrustee-$0--
SUE GLOSSINGERTrustee-$0--
JEANNINE DAVIETrustee-$0--
Filing and Contact Details

Filer

Filer Name
Buchanan Art Center
EIN
20-1218119
Phone
5749931860
Address
117 W FRONT ST, BUCHANAN, MI 49107

Signing Officer

Name
Roxanne Gunter
Title
Treasurer
Phone
5749931860
Signed
2022-05-31
Discuss with paid preparer
Yes

Preparer

Firm
Andrews Tax X Accounting
Address
18 N 4TH ST, NILES, MI 49120-2603
Preparer
Julie Schoff Ea
Phone
2696832829
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Endowment 4,368 total 4,368

Form 990-ez, Part I, Line 16

Art classes cost of goods sold 15,083 gallery art sales cost of goods sold 2,348 consignment gift shop cost of goods sold 3,518 expenses advertising 2,035 events 4,570 supplies 468 sponsorship 55 misc 10 library supplies 131 office supplies 2,622 supplies 777 insurance 2,126 empty bowls 2,500 non-investment depreciation 130 total 36,373

Form 990-ez, Part I, Line 20

Prior depreciation not recorded -22,771

Form 990-ez, Part II, Line 24

Leasehold improvements 0 37,061 less accumulated depreciation 0 22,113 furniture, displays 0 16,228 less accumulated depreciation 0 16,228 furniture, displays 0 7,386 less accumulated depreciation 0 7,386 furniture, displays 0 927 less accumulated depreciation 0 927 furniture, displays 0 2,547 less accumulated depreciation 0 2,547 furniture, displays 0 781 less accumulated depreciation 0 781 furniture, office 0 3,674 less accumulated depreciation 0 3,674 lawn mower 0 120 less accumulated depreciation 0 120 hairs 0 141 less accumulated depreciation 0 141 refrigerator 0 450 less accumulated depreciation 0 450 outdoor lights 0 3,463 less accumulated depreciation 0 3,463 bailey pottery equipment 0 909 less accumulated depreciation 0 642 mi gateway 124,439 128,998 furniture, displays, art tools 43,896 0 total 168,335 144,213

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,098 715

Form 990-ez, Part III, Line 31

Empty bowls is an annual fundraiser for tha 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 bowl's 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 community events throughout the year, with the largest being held on shop small saturday. Lmaterials 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 organization, as long as the events are open to public.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT 4,368 TOTAL 4,368
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ART CLASSES COST OF GOODS SOLD 15,083 GALLERY ART SALES COST OF GOODS SOLD 2,348 CONSIGNMENT GIFT SHOP COST OF GOODS SOLD 3,518 EXPENSES ADVERTISING 2,035 EVENTS 4,570 SUPPLIES 468 SPONSORSHIP 55 MISC 10 LIBRARY SUPPLIES 131 OFFICE SUPPLIES 2,622 SUPPLIES 777 INSURANCE 2,126 EMPTY BOWLS 2,500 NON-INVESTMENT DEPRECIATION 130 TOTAL 36,373
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR DEPRECIATION NOT RECORDED -22,771
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LEASEHOLD IMPROVEMENTS 0 37,061 LESS ACCUMULATED DEPRECIATION 0 22,113 FURNITURE, DISPLAYS 0 16,228 LESS ACCUMULATED DEPRECIATION 0 16,228 FURNITURE, DISPLAYS 0 7,386 LESS ACCUMULATED DEPRECIATION 0 7,386 FURNITURE, DISPLAYS 0 927 LESS ACCUMULATED DEPRECIATION 0 927 FURNITURE, DISPLAYS 0 2,547 LESS ACCUMULATED DEPRECIATION 0 2,547 FURNITURE, DISPLAYS 0 781 LESS ACCUMULATED DEPRECIATION 0 781 FURNITURE, OFFICE 0 3,674 LESS ACCUMULATED DEPRECIATION 0 3,674 LAWN MOWER 0 120 LESS ACCUMULATED DEPRECIATION 0 120 HAIRS 0 141 LESS ACCUMULATED DEPRECIATION 0 141 REFRIGERATOR 0 450 LESS ACCUMULATED DEPRECIATION 0 450 OUTDOOR LIGHTS 0 3,463 LESS ACCUMULATED DEPRECIATION 0 3,463 BAILEY POTTERY EQUIPMENT 0 909 LESS ACCUMULATED DEPRECIATION 0 642 MI GATEWAY 124,439 128,998 FURNITURE, DISPLAYS, ART TOOLS 43,896 0 TOTAL 168,335 144,213
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,098 715
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EMPTY BOWLS IS AN ANNUAL FUNDRAISER FOR THA 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 BOWL'S 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 COMMUNITY EVENTS THROUGHOUT THE YEAR, WITH THE LARGEST BEING HELD ON SHOP SMALL SATURDAY. LMATERIALS 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 ORGANIZATION, AS LONG AS THE EVENTS ARE OPEN TO 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 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE SCHOFF EA
ReturnHeader/ReturnTs02022-06-08T13:10:27-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROXANNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GUNTER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits