Civic Intelligence

College of Visual Arts

990 • Fiscal year 2010 • EIN 23-7022431

Jul 01, 2009 to Jun 30, 2010 • Filed on Feb 09, 2011

Organization ProfileN/A

View Organization Page

344 Summit Ave55102-2124
Siviq Scores

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

Liabilities / Assets

72nd percentile

0.45x

Higher debt load relative to assets than 72% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets72nd percentile

Assets

$2,579,180

No earlier filing loaded for comparison.

Net Assets

$1,425,855

No earlier filing loaded for comparison.

Liabilities

$1,153,325

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$4,833,585

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,579,180Liabilities 2010: $1,153,325Net Assets 2010: $1,425,8552010Assets 2011: $2,610,028Liabilities 2011: $1,223,282Net Assets 2011: $1,386,7462011Assets 2012: $3,137,861Liabilities 2012: $1,964,185Net Assets 2012: $1,173,6762012Assets 2013: $1,888,786Liabilities 2013: $1,370,132Net Assets 2013: $518,6542013Assets 2014: $497,337Liabilities 2014: $3,460Net Assets 2014: $493,8772014Assets 2015: $227,232Liabilities 2015: $0Net Assets 2015: $227,2322015Assets 2016: $192,045Liabilities 2016: $0Net Assets 2016: $192,0452016Assets 2017: $171,986Liabilities 2017: $0Net Assets 2017: $171,9862017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2010

Assets$2,579,180
Liabilities$1,153,325
Net Assets$1,425,855
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,833,5852010Expenses 2011: $5,547,9162011Expenses 2012: $5,802,5232012Expenses 2013: $4,946,3932013Revenue 2014: $630,751Expenses 2014: $536,293Net Income 2014: $94,4582014Revenue 2015: -$130,094Expenses 2015: $136,551Net Income 2015: -$266,6452015Revenue 2016: $0Expenses 2016: $35,187Net Income 2016: -$35,1872016Revenue 2017: $0Expenses 2017: $20,059Net Income 2017: -$20,0592017Revenue 2018: $1,500Expenses 2018: $173,486Net Income 2018: -$171,9862018

Highlighted filing

2010

Revenue-
Expenses$4,833,585
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Feb 9, 2011
Return Version
2009v1.7
Gross Receipts
$4,978,186
Mission and Program Overview

Mission

The mission of the College of Visual Arts was to provide a collaborative environment that focuses on individual student development, fully integrating the humanities, the sciences, and the visual arts, and cultivating a worldview that recognizes the value of art and design in promoting pride in place and responsible citizenship. It closed its doors effective June 28, 2013. The organization is in the process of liquidating the organization.

Major Activities

Activity 2
Academic Support & Student Services - The objective of the College is to maintain excellence in art and design education, support individual student development, increase student enrollment, and build a more diverse College of Visual Arts community. This is obtained by providing academic support for the students by the use of the Library with books, journals, access to online databases, and video recordings. The College offers many student activities that keep the students involved and connected to build a better community.
Filing and Contact Details

Filer

EIN
23-7022431
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IRS990/Activity2/Description0Academic Support & Student Services - The objective of the College is to maintain excellence in art and design education, support individual student development, increase student enrollment, and build a more diverse College of Visual Arts community. This is obtained by providing academic support for the students by the use of the Library with books, journals, access to online databases, and video recordings. The College offers many student activities that keep the students involved and connected to build a better community.
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IRS990/Description0Instruction: The College of Visual Arts offers Bachelor of Fine Arts degrees in the fine arts, graphic design, illustration, interdisciplinary design studies, and photography. The number of students enrolled in the College were 186 for the Fall Semester and 187 for the Spring Semester. The objective of the College is to maintain excellence in art and design education, support individual student development, increase student enrollment, and build a more diverse College of Visual Arts community.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0College of Visual Arts, consistent with its role as a college of art and design, is preserving and protecting this collection of rare and irreplaceable prints. These historic prints reflect the rich history of the discipline of printmaking, and are used as reference materials in the College's printmaking curriculum.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1The endowment funds are used to fund student scholarships.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2The Internal Revenue Service has determined that the College is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, any unrelated business income, as defined by the Internal Revenue Code, may be subject to taxation. The College is also exempt from state income taxes. For the periods reported, the College has reported no unrelated business income. In accordance with the accounting standard on Accounting for Uncertainty in Income Taxes, the College addresses the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, the College may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merit of the position. Examples of tax positions include the tax-exempt status of the College and various positions related to the potential sources of unrelated business taxable income. There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal years 2010 or 2009. Open tax years subject to examination by the U.S. and state taxing authorities are for the years 2007 to 2009, which statutes expire in 2010 to 2012, respectively.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND ALLOCATIONS: $941,269 PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND ALLOCATIONS: $941,269
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IRS990ScheduleE/GovtFinancialAidExplanation0THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE FEDERAL COLLEGE WORK-STUDY PROGRAM AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING THE COLLEGE ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF MINNESOTA.
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IRS990ScheduleE/MaintRacialCompositionRecords01
IRS990ScheduleE/MaintScholarshipsRecords01
IRS990ScheduleE/NondiscriminatoryPolicyStmt01
IRS990ScheduleE/PolicyPublViaBroadcastMedia01
IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990ScheduleE/PubViaBroadcastMediaExpln0This has been publicized in the College of Visual Art's primary solicitation materials in student application forms.
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant0941269
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients0220
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0Scholarships and grants provided as financial aid to students - See College for detailed list
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: College of Visual Arts offers scholarships and grants to qualified students to help reduce their out-of-pocket tuition costs. Students receiving financial assistance of this form must meet specific criteria such as academic achievement, financial need, and other similar standards whether put in place by the College or by donors of restricted funds.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Procedure for Monitoring Grants in the U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Part I, Line 2:
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,579,180
Liabilities
$1,153,325
Net assets
$1,425,855
Revenue
-
Expenses
$4,833,585
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.17$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.00$0.02$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.00$0.04$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.13$0.14$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.49$0.63$0.54$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$1.37$0.52$4.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$1.96$1.17$5.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$1.22$1.39$5.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$1.15$1.43$4.83