Civic Intelligence

Greater Des Moines Public Art

EIN 20-1282095 • 501(c)3 • Des Moines, IA

Profile

The greater des moines public art foundation places art in public spaces through public and private collaborations.

1915 Grand AvenueDes Moines, IA 50309

www.dsmpublicartfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

99th percentile

435%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

739%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$4,581,763

Up $3,725,833 (+435%) from 2023

Liabilities

Down

$1,768

Down $6,756 (-79%) from 2023

Net Assets

Up

$4,579,995

Up $3,732,589 (+440%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin98th percentile

Revenue

Up

$4,038,975

Up $3,557,414 (+739%) from 2023

Expenses

Up

$317,722

Up $175,069 (+123%) from 2023

Net Income

Up

$3,721,253

Up $3,382,345 (+998%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2012: $636,546Liabilities 2012: $0Net Assets 2012: $636,5462012Assets 2013: $836,267Liabilities 2013: $0Net Assets 2013: $836,2672013Assets 2014: $946,620Liabilities 2014: $35Net Assets 2014: $946,5852014Assets 2015: $1,037,036Liabilities 2015: $0Net Assets 2015: $1,037,0362015Assets 2016: $1,347,730Liabilities 2016: $17Net Assets 2016: $1,347,7132016Assets 2017: $1,394,810Liabilities 2017: $2,945Net Assets 2017: $1,391,8652017Assets 2018: $611,993Liabilities 2018: $3,251Net Assets 2018: $608,7422018Assets 2019: $555,174Liabilities 2019: $415Net Assets 2019: $554,7592019Assets 2020: $640,956Liabilities 2020: $0Net Assets 2020: $640,9562020Assets 2021: $822,931Liabilities 2021: $253,891Net Assets 2021: $569,0402021Assets 2022: $592,410Liabilities 2022: $126,404Net Assets 2022: $466,0062022Assets 2023: $855,930Liabilities 2023: $8,524Net Assets 2023: $847,4062023Assets 2024: $4,581,763Liabilities 2024: $1,768Net Assets 2024: $4,579,9952024

Highlighted filing

2024

Assets$4,581,763
Liabilities$1,768
Net Assets$4,579,995
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $256,368Expenses 2012: $214,476Net Income 2012: $41,8922012Revenue 2013: $799,253Expenses 2013: $599,532Net Income 2013: $199,7212013Revenue 2014: $297,470Expenses 2014: $187,152Net Income 2014: $110,3182014Revenue 2015: $267,813Expenses 2015: $177,362Net Income 2015: $90,4512015Revenue 2016: $554,634Expenses 2016: $243,957Net Income 2016: $310,6772016Revenue 2017: $436,928Expenses 2017: $392,776Net Income 2017: $44,1522017Revenue 2018: $815,786Expenses 2018: $1,598,909Net Income 2018: -$783,1232018Revenue 2019: $331,041Expenses 2019: $385,024Net Income 2019: -$53,9832019Revenue 2020: $395,106Expenses 2020: $308,909Net Income 2020: $86,1972020Revenue 2021: $1,209,813Expenses 2021: $1,281,729Net Income 2021: -$71,9162021Revenue 2022: $217,021Expenses 2022: $320,055Net Income 2022: -$103,0342022Revenue 2023: $481,561Expenses 2023: $142,653Net Income 2023: $338,9082023Revenue 2024: $4,038,975Expenses 2024: $317,722Net Income 2024: $3,721,2532024

Highlighted filing

2024

Revenue$4,038,975
Expenses$317,722
Net Income$3,721,253
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$4,581,763
Liabilities
$1,768
Net assets
$4,579,995
Revenue
$4,038,975
Expenses
$317,722
Net income
$3,721,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$0.00$4.58$4.04$0.32$3.72
2023Summary only. Only limited summary data is available for this year.$0.86$0.01$0.85$0.48$0.14$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.13$0.47$0.22$0.32$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.25$0.57$1.21$1.28$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.00$0.64$0.40$0.31$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.00$0.55$0.33$0.39$0.05
2018Summary only. Only limited summary data is available for this year.$0.61$0.00$0.61$0.82$1.60$0.78
2017Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$0.44$0.39$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.00$1.35$0.55$0.24$0.31
2015Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$0.27$0.18$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.30$0.19$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.80$0.60$0.20
2012Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.26$0.21$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$217,021
Mission and Program Overview

Mission

The greater des moines public art foundation places art in public spaces through public and private collaborations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$569,593$419,506▼ $150,087
Pledges and Grants Receivable$198,661$163,963▼ $34,698
Accounts Receivable$45,770--
Prepaid Expenses and Deferred Charges$8,903$8,751▼ $152
Total Assets$822,931$592,410▼ $230,521
Other Assets Total$4$190▲ $186
Liabilities
Accounts Payable and Accrued Expenses$253,891$121,908▼ $131,983
Other Liabilities-$4,496-
Total Liabilities$253,891$126,404▼ $127,487
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$569,040$466,006▼ $103,034
Total Net Assets Fund Balance$569,040$466,006▼ $103,034
Total Liabilities and Net Assets / Fund Balance$822,931$592,410▼ $230,521
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Susan FitzsimmonsPresident
Anastasia PolydoranDirector
Bruce HentschelDirector
Darren R JirsaDirector
Dr Mary ChapmanDirector
Harriet HubbellDirector
Jeff FlemingDirector
John M KrantzDirector
Jonathan DelimaDirector
Katherine M MurphyDirector
Khalid KhanDirector
Lois FingermanDirector
Martha Graham JamesDirector
Pamela Bass-bookeyDirector
Patricia J McfarlandDirector
Paula J FeltnerDirector
Randall H HamiltonDirector
The Honorable Linda WestergaardDirector
Tim R HickmanDirector
Ardis E KelleySecretary/tr
Kimberly Chauncey ShadurVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$243,654
Program Service Revenue
$0
Investment Income
$-26,633
Other Revenue
$0
All Other Contributions
$243,654
Change in Net Assets
$-103,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$17,714-$17,714
Fees for Services Management-$16,298-$16,298
Fees for Services Accounting-$10,147-$10,147
Other Expenses$51,205$5,683-$5,683
All Other Expenses$3,500$540-$4,040
Office Expenses-$3,812-$3,812
Travel-$1,351-$1,351
Advertising-$1,150-$1,150
Total Functional Expenses$150,057$169,998$0$320,055
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$4,496
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 35% controlled entity
No
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, Page 6, Part VI, Line 7A

“The des moines city council appoints one member while the greater des moines community foundation has the power to appoint the remaining board members of the organization.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 was reviewed in detail by the organizations board of directors to ensure its accuracy, transparency, and completeness.”

Form 990, Page 6, Part VI, Line 12C

“The policies are reviewed by an attorney on a regular basis.”

Form 990, Page 6, Part VI, Line 15A

“The determination of compensation for any compensated individual is subject to a review and approval by the foundation's board of directors.”

Form 990, Page 6, Part VI, Line 19

“The organizations financial statements are available to the public upon request and through the organization's website.”

Filing and Contact Details

Filer

Filer Name
Greater Des Moines Public Art
EIN
20-1282095
Address
1915 GRAND AVENUE, DES MOINES, IA 50309

Signing Officer

Name
Ardis E Kelley
Title
Secretary/treasurer
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Fitzsimmons
Formed
2004
Legal Domicile
Ia
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
45

Preparer

Firm
Andersen Tax LLC
Address
666 GRAND AVE STE 2400, DES MOINES, IA 50309-2500
Preparer
Holly Larson
Phone
5152453737
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“Artist jun kaneko public art project:'expansion' & 'five dangos' these public art pieces are projects continuing from prior years which require extensive maintenance. 'expansion': the mural is a construction of blown glass with overall dimensions of more than 15-feet high by 21-feet wide. The compositions emphasize rhythm, balance, and color. This project was commissioned to unite the two spaces and enhance the intersection that opens towards des moines court avenue entertainment district. 'five dangos': this project features five ovular sculptures that stand about 7.5 feet in height and resemble vases without openings. Kaneko sees his work as both painting and sculpture, with the key geometric patterns acting as rhythm and tone. The project encourages viewers to examine their environment and focus on a sense of scale and place.”

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

“The foundation's works of art or other similar assets are not recognized as assets on the statements of financial position. Once the art is placed in public spaces, the art becomes the property of the state or local county. However, the foundation does report the cost to purchase the works or art as a decrease in net assets in the year in which the art is acquired.”

Schedule D, Page 2, Part III, Line 4

“The organization identifies, selects, and commissions works of art created by professional artists for installation in public spaces. The artwork the organization acquires is placed in the community as part of the community's infrastructure.”

Raw XML AppendixShowing 400 of 486 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0MIFFY FOUNTAIN: TODAY, FOUNTAINS ARE OFTEN PART OF URBAN DEVELOPMENT SCHEMES AND THE SHIFT IS FROM SCENOGRAPHIC DISPLAYS TO IMPROVISATIONAL THEATER. THE OUTDOOR SITE FOR MIFFY FOUNTAIN TAKES ADVANTAGE OF THE VERY PUBLIC GROUND EXTERIOR SPACE ALONG LOCUST STREET IN DOWNTOWN DES MOINES. THE SIGHT AND SOUND OF MOVING WATER IS BOTH STIMULATING AND ENTRANCING. THROUGHOUT HISTORY, PEOPLE HAVE ATTEMPTED TO SHAPE AND CONTROL THIS ELUSIVE ELEMENT IN FOUNTAINS. FROM THE BEGINNING, FOUNTAINS HAVE BEEN RIFE WITH SYMBOLIC CONNOTATIONS. THE ARTIST TOM SACHS EXPLORES THE FOUNTAINS FUNCTION AS AN ICON AND METAPHOR.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE GREATER DES MOINES PUBLIC ART FOUNDATION ENGAGED IN A VARIETY OF OTHER PROJECTS. A COMPLETE LIST OF PAST, CURRENT, AND FUTURE PROJECTS CAN BE FOUND ON THE ORGANIZATION'S WEBSITE. THE WEBSITE OFFERS A DETAILED DESCRIPTION OF THE ARTIST AND THE MEANING BEHIND THE ARTWORK. SEVERAL PROJECTS ARE ONGOING AND SOME PROJECTS CAN TAKE SEVERAL YEARS TO FINISH. THE GREATER DES MOINES PUBLIC ART FOUNDATION WORKS DILIGENTLY TO CREATE NEW PROJECTS EVERY YEAR.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S WORKS OF ART OR OTHER SIMILAR ASSETS ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. ONCE THE ART IS PLACED IN PUBLIC SPACES, THE ART BECOMES THE PROPERTY OF THE STATE OR LOCAL COUNTY. HOWEVER, THE FOUNDATION DOES REPORT THE COST TO PURCHASE THE WORKS OR ART AS A DECREASE IN NET ASSETS IN THE YEAR IN WHICH THE ART IS ACQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IDENTIFIES, SELECTS, AND COMMISSIONS WORKS OF ART CREATED BY PROFESSIONAL ARTISTS FOR INSTALLATION IN PUBLIC SPACES. THE ARTWORK THE ORGANIZATION ACQUIRES IS PLACED IN THE COMMUNITY AS PART OF THE COMMUNITY'S INFRASTRUCTURE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ARTIST JUN KANEKO PUBLIC ART PROJECT:'EXPANSION' & 'FIVE DANGOS' THESE PUBLIC ART PIECES ARE PROJECTS CONTINUING FROM PRIOR YEARS WHICH REQUIRE EXTENSIVE MAINTENANCE. 'EXPANSION': THE MURAL IS A CONSTRUCTION OF BLOWN GLASS WITH OVERALL DIMENSIONS OF MORE THAN 15-FEET HIGH BY 21-FEET WIDE. THE COMPOSITIONS EMPHASIZE RHYTHM, BALANCE, AND COLOR. THIS PROJECT WAS COMMISSIONED TO UNITE THE TWO SPACES AND ENHANCE THE INTERSECTION THAT OPENS TOWARDS DES MOINES COURT AVENUE ENTERTAINMENT DISTRICT. 'FIVE DANGOS': THIS PROJECT FEATURES FIVE OVULAR SCULPTURES THAT STAND ABOUT 7.5 FEET IN HEIGHT AND RESEMBLE VASES WITHOUT OPENINGS. KANEKO SEES HIS WORK AS BOTH PAINTING AND SCULPTURE, WITH THE KEY GEOMETRIC PATTERNS ACTING AS RHYTHM AND TONE. THE PROJECT ENCOURAGES VIEWERS TO EXAMINE THEIR ENVIRONMENT AND FOCUS ON A SENSE OF SCALE AND PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DES MOINES CITY COUNCIL APPOINTS ONE MEMBER WHILE THE GREATER DES MOINES COMMUNITY FOUNDATION HAS THE POWER TO APPOINT THE REMAINING BOARD MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS REVIEWED IN DETAIL BY THE ORGANIZATIONS BOARD OF DIRECTORS TO ENSURE ITS ACCURACY, TRANSPARENCY, AND COMPLETENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICIES ARE REVIEWED BY AN ATTORNEY ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DETERMINATION OF COMPENSATION FOR ANY COMPENSATED INDIVIDUAL IS SUBJECT TO A REVIEW AND APPROVAL BY THE FOUNDATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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