Civic Intelligence

Valley Arts Foundation Inc

990EZ • Fiscal year 2020 • EIN 20-3964320

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileWWW.VALLEYARTSVT.COM
PO Box 238Waitsfield, VT 05673

(802) 496-2242

Siviq Scores

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

Liabilities / Assets

75th percentile

0.10x

Higher debt load relative to assets than 75% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.05x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

80th percentile

32%

Higher net margin than 80% of similar nonprofits.

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

Top Officer Pay

80th percentile

$9,135

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

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

Asset Growth

91st percentile

151%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

29th percentile

-39%

Faster revenue growth than 29% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$34,677

Up $20,857 (+151%) from 2019

Net Assets

Up

$31,292

Up $23,366 (+295%) from 2019

Liabilities

Down

$3,385

Down $2,509 (-43%) from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin80th percentile

Revenue

Down

$72,383

Down $46,372 (-39%) from 2019

Expenses

Down

$49,017

Down $60,712 (-55%) from 2019

Net Income

Up

$23,366

Up $14,340 (+159%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$100K$50K$0-$50KAssets 2010: $5,062Liabilities 2010: $5,0002010Assets 2011: $6,407Liabilities 2011: $14,7742011Assets 2012: $16,018Liabilities 2012: $29,433Net Assets 2012: -$13,4152012Assets 2013: $16,323Liabilities 2013: $24,051Net Assets 2013: -$7,7282013Assets 2014: $14,280Liabilities 2014: $24,072Net Assets 2014: -$9,7922014Assets 2015: $10,593Liabilities 2015: $28,832Net Assets 2015: -$18,2392015Assets 2016: $11,172Liabilities 2016: $24,706Net Assets 2016: -$13,5342016Assets 2017: $15,008Liabilities 2017: $20,2952017Assets 2018: $13,355Liabilities 2018: $14,455Net Assets 2018: -$1,1002018Assets 2019: $13,820Liabilities 2019: $5,894Net Assets 2019: $7,9262019Assets 2020: $34,677Liabilities 2020: $3,385Net Assets 2020: $31,2922020Assets 2021: $65,902Liabilities 2021: $2,421Net Assets 2021: $63,4812021Assets 2022: $91,452Liabilities 2022: $2,643Net Assets 2022: $88,8092022Assets 2023: $71,106Liabilities 2023: $644Net Assets 2023: $70,4622023Assets 2024: $25,409Liabilities 2024: $132Net Assets 2024: $25,2772024

Highlighted filing

2020

Assets$34,677
Liabilities$3,385
Net Assets$31,292
Open 2020 Filing

Operations Trend

Revenue Growth29th percentile

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

$300K$200K$100K$0-$100KRevenue 2010: $66,656Expenses 2010: $67,283Net Income 2010: -$6272010Revenue 2011: $68,527Expenses 2011: $76,956Net Income 2011: -$8,4292011Revenue 2012: $89,805Expenses 2012: $94,853Net Income 2012: -$5,0482012Revenue 2013: $96,639Expenses 2013: $90,952Net Income 2013: $5,6872013Revenue 2014: $103,622Expenses 2014: $105,686Net Income 2014: -$2,0642014Revenue 2015: $104,551Expenses 2015: $112,998Net Income 2015: -$8,4472015Revenue 2016: $93,414Expenses 2016: $88,709Net Income 2016: $4,7052016Revenue 2017: $112,877Expenses 2017: $104,630Net Income 2017: $8,2472017Revenue 2018: $108,733Expenses 2018: $104,546Net Income 2018: $4,1872018Revenue 2019: $118,755Expenses 2019: $109,729Net Income 2019: $9,0262019Revenue 2020: $72,383Expenses 2020: $49,017Net Income 2020: $23,3662020Revenue 2021: $129,537Expenses 2021: $96,595Net Income 2021: $32,9422021Revenue 2022: $147,917Expenses 2022: $122,589Net Income 2022: $25,3282022Revenue 2023: $172,820Expenses 2023: $191,167Net Income 2023: -$18,3472023Revenue 2024: $172,015Expenses 2024: $217,200Net Income 2024: -$45,1852024

Highlighted filing

2020

Revenue$72,383
Expenses$49,017
Net Income$23,366
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$72,383
Mission and Program Overview

Mission

Produce various events in order to promote art appreciation among the general public

Program Services

DescriptionGrantsExpenses
ALL OTHER PROGRAMS AND ADMINISTRATIVE EXPENSES - DUE TO COVID, NO SUBSTANTIAL EVENTS HELD$0$49,194
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KIRA BACONExec DirectorPT$9,135-$9,135
LINDA BARNESAdministratorPT$8,408-$8,408
KAREN MCPHILLIPSPresident-$0--
DAYNA LISAIUSVice President-$0--
JANE MACANSecretary-$0--
JULIE BURNSTreasurerPT$0--
JASON BRITTONDirector-$0--
GARY ECKHARTDirector-$0--
Filing and Contact Details

Filer

Filer Name
Valley Arts Vt Incorporated
EIN
20-3964320
Phone
8024962242
Address
PO BOX 238, WAITSFIELD, VT 05673

Signing Officer

Name
Julie Burns
Title
Treasurer
Phone
8024962242
Signed
2021-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Hall & Holden Pc
Address
PO BOX 1427, WAITSFIELD, VT 05673
Preparer
Michele a Eid CPA
Phone
8024963140
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: advertising income. Amount: 3,175. Description: art shows. Amount: 35. Description: product sales. Amount: 1,242. Description: ppp money. Amount: 2,145. Description: erc wage offset. Amount: 7,764. Description: space rental in gallery. Amount: 4,105. Total to form 990-ez, line 8: 18,466. Total to form 990-ez, line 14: 18,520.”

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 1,422. Description: other expenses. Amount: 12,838. Description: 25% of rent paid. Amount: 3,233. Description: 25% of utilities. Amount: 1,027.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: advertising. Amount: 1,185. Description: bookkeeping. Amount: 1,569. Description: cc & bank fees. Amount: 223. Description: dues and subscriptions. Amount: 859. Description: insurance. Amount: 627. Description: office. Amount: 543. Description: payroll taxes. Amount: 406. Description: program expenses. Amount: 4,446. Description: small equipment. Amount: 400. Description: website hosting. Amount: 1,178. Description: workers compensation. Amount: 266. Total to form 990-ez, line 16: 11,702.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: security deposit. Beg. Of year amount: 450. End of year amount: 450. Description: utility deposit. Beg. Of year amount: 144. End of year amount: 144. Description: due from irs - erc. Beg. Of year amount: 0. End of year amount: 7,764. Description: other depreciable assets. Beg. Of year amount: 7,184. End of year amount: 5,762.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due directors. Beg. Of year amount: 1,495. End of year amount: 1,495. Description: sales tax payable. Beg. Of year amount: 2,396. End of year amount: 29. Description: payroll liabilities. Beg. Of year amount: 2,003. End of year amount: 1,861.”

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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4ADMINISTRATOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5EXEC DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0PRODUCE VARIOUS EVENTS IN ORDER TO PROMOTE ART APPRECIATION AMONG THE GENERAL PUBLIC
IRS990EZ/ProgramServiceRevenueAmt03735
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ALL OTHER PROGRAMS AND ADMINISTRATIVE EXPENSES - DUE TO COVID, NO SUBSTANTIAL EVENTS HELD
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt049194
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.VALLEYARTSVT.COM
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt050182
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt034135
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADVERTISING INCOME. AMOUNT: 3,175. DESCRIPTION: ART SHOWS. AMOUNT: 35. DESCRIPTION: PRODUCT SALES. AMOUNT: 1,242. DESCRIPTION: PPP MONEY. AMOUNT: 2,145. DESCRIPTION: ERC WAGE OFFSET. AMOUNT: 7,764. DESCRIPTION: SPACE RENTAL IN GALLERY. AMOUNT: 4,105. TOTAL TO FORM 990-EZ, LINE 8: 18,466. TOTAL TO FORM 990-EZ, LINE 14: 18,520.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEPRECIATION. AMOUNT: 1,422. DESCRIPTION: OTHER EXPENSES. AMOUNT: 12,838. DESCRIPTION: 25% OF RENT PAID. AMOUNT: 3,233. DESCRIPTION: 25% OF UTILITIES. AMOUNT: 1,027.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING. AMOUNT: 1,185. DESCRIPTION: BOOKKEEPING. AMOUNT: 1,569. DESCRIPTION: CC & BANK FEES. AMOUNT: 223. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 859. DESCRIPTION: INSURANCE. AMOUNT: 627. DESCRIPTION: OFFICE. AMOUNT: 543. DESCRIPTION: PAYROLL TAXES. AMOUNT: 406. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 4,446. DESCRIPTION: SMALL EQUIPMENT. AMOUNT: 400. DESCRIPTION: WEBSITE HOSTING. AMOUNT: 1,178. DESCRIPTION: WORKERS COMPENSATION. AMOUNT: 266. TOTAL TO FORM 990-EZ, LINE 16: 11,702.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 450. END OF YEAR AMOUNT: 450. DESCRIPTION: UTILITY DEPOSIT. BEG. OF YEAR AMOUNT: 144. END OF YEAR AMOUNT: 144. DESCRIPTION: DUE FROM IRS - ERC. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 7,764. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 7,184. END OF YEAR AMOUNT: 5,762.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: DUE DIRECTORS. BEG. OF YEAR AMOUNT: 1,495. END OF YEAR AMOUNT: 1,495. DESCRIPTION: SALES TAX PAYABLE. BEG. OF YEAR AMOUNT: 2,396. END OF YEAR AMOUNT: 29. DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 2,003. END OF YEAR AMOUNT: 1,861.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE BURNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08024962242
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY ARTS VT INCORPORATED
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ReturnHeader/Filer/EIN0203964320
ReturnHeader/Filer/PhoneNum08024962242
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005673
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAITSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005673
ReturnHeader/PreparerPersonGrp/PhoneNum08024963140
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELE A EID CPA
ReturnHeader/ReturnTs02021-11-10T10:28:26-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JULIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURNS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,677
Liabilities
$3,385
Net assets
$31,292
Revenue
$72,383
Expenses
$49,017
Net income
$23,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.72$2.17$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.01$0.70$1.73$1.91$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.89$1.48$1.23$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.02$0.63$1.30$0.97$0.33
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.03$0.31$0.72$0.49$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.06$0.08$1.19$1.10$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.14$0.01$1.09$1.05$0.04
2017Summary only. Only limited summary data is available for this year.$0.15$0.20$1.13$1.05$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.25$0.14$0.93$0.89$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.29$0.18$1.05$1.13$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.24$0.10$1.04$1.06$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.16$0.24$0.08$0.97$0.91$0.06
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.29$0.13$0.90$0.95$0.05
2011Summary only. Only limited summary data is available for this year.$0.06$0.15$0.69$0.77$0.08
2010Summary only. Only limited summary data is available for this year.$0.05$0.05$0.67$0.67$0.01