Civic Intelligence

Valley Arts Foundation Inc

990EZ • Fiscal year 2014 • EIN 20-3964320

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

Organization ProfileN/A
C/O Michele Eid PO Box 398Warren, VT 05674

(802) 496-2242

Siviq Scores

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

Liabilities / Assets

96th percentile

1.69x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

0.23x

Higher debt load relative to revenue than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

36th percentile

-2.0%

Higher net margin than 36% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

88th percentile

$35,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 33.8% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

58th percentile

7.2%

Faster revenue growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$14,280

Down $2,043 (-13%) from 2013

Net Assets

Down

-$9,792

Down $2,064 (-27%) from 2013

Liabilities

Up

$24,072

Up $21 (+0.1%) from 2013

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin36th percentile

Revenue

Up

$103,622

Up $6,983 (+7.2%) from 2013

Expenses

Up

$105,686

Up $14,734 (+16%) from 2013

Net Income

Down

-$2,064

Down $7,751 (-136%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2014

Assets$14,280
Liabilities$24,072
Net Assets-$9,792
Open 2014 Filing

Operations Trend

Revenue Growth58th 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

2014

Revenue$103,622
Expenses$105,686
Net Income-$2,064
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$103,622
Mission and Program Overview

Mission

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

Program Services

DescriptionGrantsExpenses
ORGANIZED & HELD A MONTH LONG ARTS FESTIVAL USING VARIOUS MEDIUMS AND EVENTS TO BRING ART TO THE GENERAL PUBLIC - APPROX. 16800 ATTENDEES TO VARIOUS EVENTS.$0$77,950
MAINTAINED A GALLERY SHOWCASING LOCAL ARTISTS WORK FOR DISPLAY AND SALE OPPORTUNITIES.$0$17,155
SPONSORED A WATERCOLOR SHOW ATTRACTING VARIOUS ARTISTS AND 2300 VISITORS FROM VARIOUS STATES$0$2,903
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAREN NEVINExecutive DirectorPT$35,000-$35,000
GARY ECKHARTPresidentPT$0--
WARD SMYTHVice PresidentPT$0--
MICHELE A EIDTreasurerPT$0--
DOTTY KYLEDirector-$0--
NANCY MOBLEYDirector-$0--
VEE LYNCHDirector-$0--
DARRYL FORRESTDirector-$0--
Filing and Contact Details

Filer

Filer Name
Valley Arts Foundation Inc
EIN
20-3964320
Phone
8024962242
Address
C/O MICHELE EID PO BOX 398, WARREN, VT 05674

Signing Officer

Name
Michele a Eid
Title
Treasurer
Phone
8024962242
Signed
2015-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Hall & Holden Pc
Address
PO BOX 1427, WAITSFIELD, VT 05673
Preparer
Douglas L Hall CPA
Phone
8024963140
Supplemental Narrative

Additional Explanations

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

“Description: advertising income. Amount: 14,305. Description: commissions from artist products. Amount: 7,206. Description: miscellaneous. Amount: 365. Description: posters/tshirts income. Amount: 1,270. Description: space rental in gallery. Amount: 2,700. Total to form 990-ez, line 8: 25,846.”

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 2,678. Description: other expenses. Amount: 8,178. Description: 25% of rent paid. Amount: 1,653. Description: 25% of utilities. Amount: 573. Total to form 990-ez, line 14: 13,082.”

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

“Description: advertising. Amount: 3,965. Description: cc & bank fees. Amount: 1,129. Description: dues and subscriptions. Amount: 842. Description: fees. Amount: 20. Description: insurance. Amount: 575. Description: miscellaneous. Amount: 412. Description: office. Amount: 1,659. Description: payroll taxes. Amount: 4,389. Description: program expenses. Amount: 11,685. Description: travel. Amount: 20. Description: website & email letter. Amount: 151. Description: workers compensation. Amount: 408. Description: technology. Amount: 221. Description: entertainment. Amount: 111. Description: art center expenses. Amount: 5,000. Total to form 990-ez, line 16: 30,587.”

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: other depreciable assets. Beg. Of year amount: 13,287. End of year amount: 10,609.”

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

“Description: accounts payable. Beg. Of year amount: 2,107. End of year amount: 1,937. Description: prepayment of grant. Beg. Of year amount: 1,050. End of year amount: 2,700. Description: due directors. Beg. Of year amount: 15,494. End of year amount: 15,106. Description: payroll liabilities. Beg. Of year amount: 1,638. End of year amount: 2,291. Description: printer lease payable. Beg. Of year amount: 3,762. End of year amount: 2,038.”

Raw XML Appendix209 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SPONSORED A WATERCOLOR SHOW ATTRACTING VARIOUS ARTISTS AND 2300 VISITORS FROM VARIOUS STATES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2MAINTAINED A GALLERY SHOWCASING LOCAL ARTISTS WORK FOR DISPLAY AND SALE OPPORTUNITIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADVERTISING INCOME. AMOUNT: 14,305. DESCRIPTION: COMMISSIONS FROM ARTIST PRODUCTS. AMOUNT: 7,206. DESCRIPTION: MISCELLANEOUS. AMOUNT: 365. DESCRIPTION: POSTERS/TSHIRTS INCOME. AMOUNT: 1,270. DESCRIPTION: SPACE RENTAL IN GALLERY. AMOUNT: 2,700. TOTAL TO FORM 990-EZ, LINE 8: 25,846.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEPRECIATION. AMOUNT: 2,678. DESCRIPTION: OTHER EXPENSES. AMOUNT: 8,178. DESCRIPTION: 25% OF RENT PAID. AMOUNT: 1,653. DESCRIPTION: 25% OF UTILITIES. AMOUNT: 573. TOTAL TO FORM 990-EZ, LINE 14: 13,082.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING. AMOUNT: 3,965. DESCRIPTION: CC & BANK FEES. AMOUNT: 1,129. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 842. DESCRIPTION: FEES. AMOUNT: 20. DESCRIPTION: INSURANCE. AMOUNT: 575. DESCRIPTION: MISCELLANEOUS. AMOUNT: 412. DESCRIPTION: OFFICE. AMOUNT: 1,659. DESCRIPTION: PAYROLL TAXES. AMOUNT: 4,389. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 11,685. DESCRIPTION: TRAVEL. AMOUNT: 20. DESCRIPTION: WEBSITE & EMAIL LETTER. AMOUNT: 151. DESCRIPTION: WORKERS COMPENSATION. AMOUNT: 408. DESCRIPTION: TECHNOLOGY. AMOUNT: 221. DESCRIPTION: ENTERTAINMENT. AMOUNT: 111. DESCRIPTION: ART CENTER EXPENSES. AMOUNT: 5,000. TOTAL TO FORM 990-EZ, LINE 16: 30,587.
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: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 13,287. END OF YEAR AMOUNT: 10,609.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 2,107. END OF YEAR AMOUNT: 1,937. DESCRIPTION: PREPAYMENT OF GRANT. BEG. OF YEAR AMOUNT: 1,050. END OF YEAR AMOUNT: 2,700. DESCRIPTION: DUE DIRECTORS. BEG. OF YEAR AMOUNT: 15,494. END OF YEAR AMOUNT: 15,106. DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 1,638. END OF YEAR AMOUNT: 2,291. DESCRIPTION: PRINTER LEASE PAYABLE. BEG. OF YEAR AMOUNT: 3,762. END OF YEAR AMOUNT: 2,038.
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.
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELE A EID
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HALL & HOLDEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1427
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WAITSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005673
ReturnHeader/PreparerPersonGrp/PhoneNum08024963140
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS L HALL CPA
ReturnHeader/ReturnTs02015-05-14T15:41:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,280
Liabilities
$24,072
Net assets
-$9,792
Revenue
$103,622
Expenses
$105,686
Net income
-$2,064
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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