Civic Intelligence

Abington Art Center Inc.

990 • Fiscal year 2014 • EIN 23-1633530

Jun 01, 2013 to May 31, 2014 • Filed on Dec 04, 2014

515 Meetinghouse Road19046

(215) 887-4882

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.22x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

80th percentile

0.67x

Higher debt load relative to revenue than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

13th percentile

-9.0%

Faster asset growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Assets

Down

$1,627,264

Down $161,745 (-9.0%) from 2013

Net Assets

Down

$1,269,934

Down $160,151 (-11%) from 2013

Liabilities

Down

$357,330

Down $1,594 (-0.4%) from 2013

Revenue

$532,603

No earlier filing loaded for comparison.

Expenses

Down

$692,754

Down $66,901 (-8.8%) from 2013

Net Income

-$160,151

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,889,511Liabilities 2011: $312,235Net Assets 2011: $1,577,2762011Assets 2012: $1,911,202Liabilities 2012: $333,905Net Assets 2012: $1,577,2972012Assets 2013: $1,789,009Liabilities 2013: $358,924Net Assets 2013: $1,430,0852013Assets 2014: $1,627,264Liabilities 2014: $357,330Net Assets 2014: $1,269,9342014Assets 2015: $1,644,423Liabilities 2015: $370,820Net Assets 2015: $1,273,6032015Assets 2016: $1,804,273Liabilities 2016: $560,121Net Assets 2016: $1,244,1522016Assets 2017: $1,704,024Liabilities 2017: $417,088Net Assets 2017: $1,286,9362017Assets 2018: $1,542,680Liabilities 2018: $341,161Net Assets 2018: $1,201,5192018Assets 2019: $1,464,682Liabilities 2019: $256,878Net Assets 2019: $1,207,8042019Assets 2020: $1,353,478Liabilities 2020: $185,141Net Assets 2020: $1,168,3372020Assets 2021: $1,361,669Liabilities 2021: $341,276Net Assets 2021: $1,020,3932021Assets 2022: $1,589,726Liabilities 2022: $565,080Net Assets 2022: $1,024,6462022Assets 2023: $1,543,695Liabilities 2023: $664,297Net Assets 2023: $879,3982023Assets 2024: $1,329,799Liabilities 2024: $589,181Net Assets 2024: $740,6182024

Highlighted filing

2014

Assets$1,627,264
Liabilities$357,330
Net Assets$1,269,934

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $667,5022011Revenue 2012: $732,536Expenses 2012: $732,515Net Income 2012: $212012Expenses 2013: $759,6552013Revenue 2014: $532,603Expenses 2014: $692,754Net Income 2014: -$160,1512014Revenue 2015: $675,684Expenses 2015: $672,015Net Income 2015: $3,6692015Revenue 2016: $514,736Expenses 2016: $572,947Net Income 2016: -$58,2112016Revenue 2017: $648,509Expenses 2017: $634,286Net Income 2017: $14,2232017Revenue 2018: $421,645Expenses 2018: $507,062Net Income 2018: -$85,4172018Revenue 2019: $433,214Expenses 2019: $426,929Net Income 2019: $6,2852019Revenue 2020: $380,655Expenses 2020: $420,122Net Income 2020: -$39,4672020Revenue 2021: $189,202Expenses 2021: $337,146Net Income 2021: -$147,9442021Revenue 2022: $582,841Expenses 2022: $578,588Net Income 2022: $4,2532022Revenue 2023: $563,211Expenses 2023: $708,459Net Income 2023: -$145,2482023Revenue 2024: $723,630Expenses 2024: $803,220Net Income 2024: -$79,5902024

Highlighted filing

2014

Revenue$532,603
Expenses$692,754
Net Income-$160,151
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Dec 4, 2014
Return Version
2013v3.1
Gross Receipts
$549,133
Mission and Program Overview

Mission

To provide visual arts and cultural programs for the community including exhibitions, studio classes, public programs and outreach for special needs audiences. The center serves over 30,000 people each year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,577,760$1,514,048▼ $63,712
Accounts Receivable$70,175--
Savings and Temporary Cash Investments$67,743$60,708▼ $7,035
Cash and Non-Interest-Bearing Accounts$60,499--
Pledges and Grants Receivable-$45,000-
Inventories for Sale or Use$10,832$7,363▼ $3,469
Prepaid Expenses and Deferred Charges$2,000$145▼ $1,855
Total Assets$1,789,009$1,627,264▼ $161,745
Liabilities
Mortgage Notes Payable Secured by Investment Property$280,313$273,651▼ $6,662
Deferred Revenue$31,944$42,055▲ $10,111
Accounts Payable and Accrued Expenses$39,017$41,624▲ $2,607
Other Liabilities$7,650--
Total Liabilities$358,924$357,330▼ $1,594
Net Assets / Fund Balance
Unrestricted Net Assets$1,287,086$1,216,309▼ $70,777
Temporarily Rstr Net Assets$142,999$53,625▼ $89,374
Total Net Assets Fund Balance$1,430,085$1,269,934▼ $160,151
Total Liabilities and Net Assets / Fund Balance$1,789,009$1,627,264▼ $161,745

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$842,780$547,649$1,390,429
Other Land Buildings$662,540$249,114$911,654
Equipment$8,728$87,878$96,606
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Betsy Weand-kilkennyExecutive DiFT$56,504$56,504

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$151,463
Program Service Revenue
$365,226
Investment Income
$66
Other Revenue
$15,848
All Other Contributions
$113,178
Change in Net Assets
$-160,151

Audited Revenue Reconciliation

Revenue per Audited Statements
$549,133
Revenue Not Reported on Financial Statements
$-16,530
Revenue Not Reported on Form 990
$28,561
Other Revenue Adjustments
$-16,530
Total Revenue per Audited Statements
$577,694
Total Revenue per Form 990
$532,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$356,540
Salaries, Compensation, and Employee Benefits$336,214
Total Fundraising Expense$80,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$163,337$34,473$41,923$239,733
Office Expenses$47,829$13,418$7,530$68,777
Depreciation Depletion$49,715$9,280$7,291$66,286
Current Officers, Directors, Trustees, and Key Employees$42,243$8,915$10,842$62,000
Fees for Services Other-$36,678-$36,678
Occupancy$26,320$2,590$1,295$30,205
Payroll Taxes$18,738$3,963$4,815$27,516
Insurance$9,245$6,296$986$16,527
Interest-$13,025-$13,025
Fees for Services Accounting-$12,250-$12,250
Other Employee Benefits$4,743$1,003$1,219$6,965
Advertising$4,581$392$1,178$6,151
Other Expenses$4,038--$4,038
All Other Expenses--$2,577$2,577
Conferences and Meetings-$1,044$950$1,994
Total Functional Expenses$468,821$143,327$80,606$692,754

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$737,845
Expenses per Audited Statements$692,754
Total Expenses per Form 990$692,754
Expenses Not Reported on Form 990$45,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,597
Fundraising Direct Expenses$16,530
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$11,851$11,851$6,223$5,628
Event 1$13,546$7,296$5,433$1,863
Total Events$34,647$25,397$15,467$9,930
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 11B

A complete draft copy of the form 990 is provided to the governing board members and they are given a week to comment. Once all comments are addressed, the form is filed.

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

The governance committee for the abington art center is responsible for monitoring compliance with its conflict of interest policy.

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

A committee of the board is selected to perform the annual review of the executive director. The committee consults with other cultural organization websites as well as the national salary registers. They then report to the executive committee which makes a recommendation for the full board's approval with regards to compensation.

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

The executive director reviews and determines compensation for all other employees.

Form 990, Page 6, Part VI, Line 19

The documents are available to the public upon request.

Filing and Contact Details

Filer

EIN
23-1633530
Phone
2158874882

Signing Officer

Name
Jeanine Stewart
Title
Treasurer
Phone
2158874882
Signed
2014-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betsy Kilkenny
Formed
1939
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
26
Volunteers
45

Preparer

Preparer
Cynthia R Bergvall CPA
Phone
2153432727
Supplemental Narrative

Additional Explanations

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

Facility rentals and gallery sales and exhibits

Form 990, Part XI, Line 9

Special event expenses 16,530 special event expenses -16,530

Financial Statement Notes

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

The art collection, which was acquired through contributions since the center's inception, is not recognized as an asset on the statement of financial position. The value of donated collection pieces is not recorded. Any purchases or proceeds from sales would be reflected as increases or decreases in the appropriate net asset class in the year sold, as applicable.

Schedule D, Page 2, Part III, Line 4

The center's art collection is made up of donated art objects used for educational and curatorial purposes. They have little or no market value.

Schedule D, Page 3, Part X

As required by the fasb accounting standards codification, entities are required to determine whether it is more likely than not that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest or penalties. This standard had no impact on the center's financial statements. The organization's federal tax return is subject to audit by taxing authorities. The organization's returns open audit periods are for the fiscal years ending may 31, 2011-2013.

Schedule D, Page 4, Part XI, Line 4B

Special event expenses -16,530

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 16,530

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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY ARTS INITIATIVES - PROGRAMS DESIGNED TO ENGAGE THE GENERAL PUBLIC IN THE ARTS, AS WELL AS TOURS AND WORKSHOPS FOR K-12 AND COLLEGE STUDENTS, INTERNSHIPS AND SERVICE LEARNING OPPORTUNITIES FOR TEENS, AND ART THERAPY PROGRAMS FOR SPECIAL NEEDS AUDIENCES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SCULPTURE PARK AND GALLERY EXHIBITIONS - OFFERS REGIONAL ARTISTS CAREER DEVELOPMENT OPPORTUNITIES WHILE ENGAGING THE PUBLIC IN THE UNDERSTANDING AND APPRECIATION OF CONTEMPORARY ART. THE SCULPTURE PARK INCLUDES 27 ACRES AND FEATURES ENVIRONMENTAL BASED WORK; THE FOUR GALLERIES INCLUDE SOLO AND GROUP SHOWS WITH RELATED FAMILY PROGRAMS, ARTIST TALKS AND TOURS.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0SPECIAL EVENTS 137,636 MISCELLANEOUS 4,634
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 12
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.59$0.74$0.72$0.80$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.54$0.66$0.88$0.56$0.71$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.57$1.02$0.58$0.58$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.34$1.02$0.19$0.34$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.19$1.17$0.38$0.42$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.46$0.26$1.21$0.43$0.43$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.54$0.34$1.20$0.42$0.51$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.42$1.29$0.65$0.63$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.80$0.56$1.24$0.51$0.57$0.06
2015Summary only. Only limited summary data is available for this year.$1.64$0.37$1.27$0.68$0.67$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.36$1.27$0.53$0.69$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.36$1.43$0.76
2012Summary only. Only limited summary data is available for this year.$1.91$0.33$1.58$0.73$0.73$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.31$1.58$0.67