Civic Intelligence

College of Visual Arts

990 • Fiscal year 2015 • EIN 23-7022431

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 04, 2016

Organization ProfileWWW.CVA.EDU

View Organization Page

Alliance Mgmt 601 Carlson Pkwy 110Hopkins, MN 55305

(952) 475-2225

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2015

Net Margin

100th percentile

205%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

8th percentile

-54%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$227,232

Down $270,105 (-54%) from 2014

Net Assets

Down

$227,232

Down $266,645 (-54%) from 2014

Liabilities

Down

$0

Down $3,460 (-100%) from 2014

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$130,094

Down $760,845 (-121%) from 2014

Expenses

Down

$136,551

Down $399,742 (-75%) from 2014

Net Income

Down

-$266,645

Down $361,103 (-382%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

2015

Assets$227,232
Liabilities$0
Net Assets$227,232
Open 2015 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

2015

Revenue-$130,094
Expenses$136,551
Net Income-$266,645
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 4, 2016
Return Version
2014v6.0
Gross Receipts
$238,460
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.

The college of visual arts closed its doors effective june 28, 2013.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$350,000--
Cash and Non-Interest-Bearing Accounts$123,667$227,232▲ $103,565
Accounts Receivable$23,670--
Total Assets$497,337$227,232▼ $270,105
Liabilities
Accounts Payable and Accrued Expenses$3,460$0▼ $3,460
Total Liabilities$3,460$0▼ $3,460
Net Assets / Fund Balance
Unrestricted Net Assets$493,877$227,232▼ $266,645
Total Net Assets Fund Balance$493,877$227,232▼ $266,645
Total Liabilities and Net Assets / Fund Balance$497,337$227,232▼ $270,105

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2012$84,501--$84,501-
2011$87,501-▼ $2,059-$84,501
2010$60,011$25,000▲ $2,738-$87,501
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
James RubensteinTrustee - Chairman
Andrea SpechtTrustee - Vice Chairman
Becky RichardsonTrustee
Judith BeckTrustee
Phil RosenblomTrustee
Steve PatrickTrustee - Secretary/treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-133,554
Other Revenue
$3,460
Change in Net Assets
$-266,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,916
Salaries, Compensation, and Employee Benefits$11,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$26,900-$26,900
Fees for Services Legal-$26,697-$26,697
Other Expenses-$16,082-$16,082
Insurance-$11,904-$11,904
Payroll Taxes-$11,635-$11,635
Occupancy-$1,861-$1,861
Information Technology-$199-$199
Total Functional Expenses$0$136,551$0$136,551
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization is in the process of winding down its operations. All employees of the organization were terminated as of june 28, 2013. Alliance management was hired to oversee the winding down of the organization's operations. Any funds remaining after the satisfaction of all liabilities will be distributed to former faculty and staff pursuant to severance agreement.”

Form 990, Part VI, Section B, Line 11

“The governing members electronically approve the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Annually all persons covered under the conflict of interest policy attest to no conflict of interest. During the year if a potential conflict of interest arises general counsels leads a review to determine if a conflict exists for the proposed transaction.”

Form 990, Part VI, Section B, Line 15

“The organization ceased its operations in the fiscal year ended june 30, 2013. It had no employees during the current fiscal year. It is in the process of liquidating the organization.”

Form 990, Part VI, Section C, Line 19

“The college makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VII

“James rubenstein - 5108 bryant avenue s, minneapolis, mn 55419.”

Filing and Contact Details

Filer

Filer Name
College of Visual Arts
EIN
23-7022431
Phone
9524752225
Address
ALLIANCE MGMT 601 CARLSON PKWY 110, HOPKINS, MN 55305

Signing Officer

Name
James Rubenstein
Title
Chairman, Board of Trustees
Phone
6128775363
Signed
2016-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Rubenstein
Formed
1924
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Financial consultant: program service expenses 0. Management and general expenses 16,900. Fundraising expenses 0. Total expenses 16,900. Outside consultant/planning: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds were used to fund student scholarships. The college ceased operations on june 28, 2013. All funds were expended as required in the prior year. No funds were held in endowment funds during the year.”

Raw XML Appendix359 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS WERE USED TO FUND STUDENT SCHOLARSHIPS. THE COLLEGE CEASED OPERATIONS ON JUNE 28, 2013. ALL FUNDS WERE EXPENDED AS REQUIRED IN THE PRIOR YEAR. NO FUNDS WERE HELD IN ENDOWMENT FUNDS DURING THE YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE COLLEGE CEASED OPERATIONS ON JUNE 28, 2013. IT IS IN THE PROCESS OF LIQUIDATING THE ORGANIZATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE COLLEGE FORMALLY CEASED ITS OPERATIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2013. DURING THE CURRENT FISCAL YEAR, THE COLLEGE SOLD ITS FINAL PARCEL OF REAL ESTATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1CESSATION OF OPERATIONS
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS. ALL EMPLOYEES OF THE ORGANIZATION WERE TERMINATED AS OF JUNE 28, 2013. ALLIANCE MANAGEMENT WAS HIRED TO OVERSEE THE WINDING DOWN OF THE ORGANIZATION'S OPERATIONS. ANY FUNDS REMAINING AFTER THE SATISFACTION OF ALL LIABILITIES WILL BE DISTRIBUTED TO FORMER FACULTY AND STAFF PURSUANT TO SEVERANCE AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING MEMBERS ELECTRONICALLY APPROVE THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY ALL PERSONS COVERED UNDER THE CONFLICT OF INTEREST POLICY ATTEST TO NO CONFLICT OF INTEREST. DURING THE YEAR IF A POTENTIAL CONFLICT OF INTEREST ARISES GENERAL COUNSELS LEADS A REVIEW TO DETERMINE IF A CONFLICT EXISTS FOR THE PROPOSED TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CEASED ITS OPERATIONS IN THE FISCAL YEAR ENDED JUNE 30, 2013. IT HAD NO EMPLOYEES DURING THE CURRENT FISCAL YEAR. IT IS IN THE PROCESS OF LIQUIDATING THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5JAMES RUBENSTEIN - 5108 BRYANT AVENUE S, MINNEAPOLIS, MN 55419.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,900. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,900. OUTSIDE CONSULTANT/PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0227232
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136551
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0136551
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt03460
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0493877
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03460
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-133554
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-130094
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0227232
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0493877
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0227232
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05108 BRYANT AVENUE S
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055419
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.CVA.EDU
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES RUBENSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN, BOARD OF TRUSTEES
ReturnHeader/BusinessOfficerGrp/PhoneNum06128775363
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLEGE OF VISUAL ARTS
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0237022431
ReturnHeader/Filer/PhoneNum09524752225
ReturnHeader/Filer/USAddress/AddressLine1Txt0ALLIANCE MGMT 601 CARLSON PKWY 110
ReturnHeader/Filer/USAddress/CityNm0HOPKINS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055305
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY VIRCHOW KRAUSE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 S 6TH ST 2300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06128764500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE H MOHR CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-04-10T13:59:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$227,232
Liabilities
$0
Net assets
$227,232
Revenue
-$130,094
Expenses
$136,551
Net income
-$266,645
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