Civic Intelligence

College of Visual Arts

990 • Fiscal year 2016 • EIN 23-7022431

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 09, 2017

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

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

24th percentile

-15%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

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

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$192,045

Down $35,187 (-15%) from 2015

Net Assets

Down

$192,045

Down $35,187 (-15%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Up

$0

Up $130,094 (+100%) from 2015

Expenses

Down

$35,187

Down $101,364 (-74%) from 2015

Net Income

Up

-$35,187

Up $231,458 (+87%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2016

Assets$192,045
Liabilities$0
Net Assets$192,045
Open 2016 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

2016

Revenue$0
Expenses$35,187
Net Income-$35,187
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 9, 2017
Return Version
2015v3.0
Gross Receipts
$0
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
Cash and Non-Interest-Bearing Accounts$227,232$192,045▼ $35,187
Total Assets$227,232$192,045▼ $35,187
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$227,232$192,045▼ $35,187
Total Net Assets Fund Balance$227,232$192,045▼ $35,187
Total Liabilities and Net Assets / Fund Balance$227,232$192,045▼ $35,187

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2012$84,501--$84,501-
2011$87,501-▼ $2,059-$84,501
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
$0
Other Revenue
$0
Change in Net Assets
$-35,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$10,603-$10,603
Fees for Services Other-$5,419-$5,419
Fees for Services Accounting-$3,300-$3,300
Other Expenses-$703-$703
Total Functional Expenses$0$35,187$0$35,187
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

“All board members are required to understand and follow the conflict of interest policy at all times. If a board member has a potential conflict, a review is conducted to determine if a conflict exists for the proposed transaction or agreement.”

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
2017-01-09
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

“Outside Consultant/Planning: Program service expenses 0. Management and general expenses 5,419. Fundraising expenses 0. Total expenses 5,419.”

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 YEARs. NO FUNDS WERE HELD IN ENDOWMENT FUNDS DURING THE YEAR.”

Raw XML Appendix311 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The College of Visual Arts closed its doors effective June 28, 2013.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Business Data Record Services
IRS990/BooksInCareOfDetail/PhoneNum06516318663
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 9th Avenue SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0New Brighton
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055112
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0227232
IRS990/CashNonInterestBearingGrp/EOYAmt0192045
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt035187
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-35187
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt035187
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0The College formally ceased its operations during the fiscal year ended June 30, 2013. It is in the process of liquidating the organization.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03300
IRS990/FeesForServicesAccountingGrp/TotalAmt03300
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt010603
IRS990/FeesForServicesLegalGrp/TotalAmt010603
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05419
IRS990/FeesForServicesOtherGrp/TotalAmt05419
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES RUBENSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm1Andrea Specht
IRS990/Form990PartVIISectionAGrp/PersonNm2Steve Patrick
IRS990/Form990PartVIISectionAGrp/PersonNm3Phil Rosenblom
IRS990/Form990PartVIISectionAGrp/PersonNm4Becky Richardson
IRS990/Form990PartVIISectionAGrp/PersonNm5Judith Beck
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee - Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee - Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee - Secretary/Treasu
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01924
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0227232
IRS990/NetAssetsOrFundBalancesEOYAmt0192045
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Other Admin Expenses
IRS990/OtherExpensesGrp/Desc1Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015162
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1703
IRS990/OtherExpensesGrp/TotalAmt015162
IRS990/OtherExpensesGrp/TotalAmt1703
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0James Rubenstein
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-133554
IRS990/PYOtherExpensesAmt0124916
IRS990/PYOtherRevenueAmt03460
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-266645
IRS990/PYSalariesCompEmpBnftPaidAmt011635
IRS990/PYTotalExpensesAmt0136551
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-130094
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-35187
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt084501
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt084501
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0941
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt087501
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt084501
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2059
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 YEARs. NO FUNDS WERE HELD IN ENDOWMENT FUNDS DURING THE YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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 and it is in the process of liquidating the organization.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Cessation of Operations
IRS990/ScheduleJRequiredInd00
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/ExplanationTxt2All board members are required to understand and follow the conflict of interest policy at all times. If a board member has a potential conflict, a review is conducted to determine if a conflict exists for the proposed transaction or agreement.
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/ExplanationTxt6Outside Consultant/Planning: Program service expenses 0. Management and general expenses 5,419. Fundraising expenses 0. Total expenses 5,419.
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
IRS990/TotalAssetsBOYAmt0227232
IRS990/TotalAssetsEOYAmt0192045
IRS990/TotalAssetsGrp/BOYAmt0227232
IRS990/TotalAssetsGrp/EOYAmt0192045
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035187
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt035187
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0227232
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0192045
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0227232
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0192045
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0227232
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0192045
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0James Rubenstein
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman, Board of Trustees
ReturnHeader/BusinessOfficerGrp/PhoneNum06128775363
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-09
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/ReturnTs02017-01-09T13:59:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$192,045
Liabilities
$0
Net assets
$192,045
Revenue
$0
Expenses
$35,187
Net income
-$35,187
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