Civic Intelligence

South Shore Arts Inc.

990 • Fiscal year 2019 • EIN 23-7049722

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 23, 2020

1040 Ridge RoadMunster, IN 46321

(219) 933-0200

Siviq Scores

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

Liabilities / Assets

50th percentile

0.08x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

22nd percentile

-8.7%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$133,499

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

15th percentile

-7.3%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-2.2%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,320,133

Down $181,619 (-7.3%) from 2018

Net Assets

Down

$2,130,112

Down $119,073 (-5.3%) from 2018

Liabilities

Down

$190,021

Down $62,546 (-25%) from 2018

Revenue

Down

$1,275,652

Down $28,577 (-2.2%) from 2018

Expenses

Up

$1,387,252

Up $1,068 (+0.1%) from 2018

Net Income

Down

-$111,600

Down $29,645 (-36%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,631,841Liabilities 2012: $173,119Net Assets 2012: $2,458,7222012Assets 2013: $2,780,839Liabilities 2013: $165,540Net Assets 2013: $2,615,2992013Assets 2014: $2,907,781Liabilities 2014: $157,904Net Assets 2014: $2,749,8772014Assets 2015: $2,766,018Liabilities 2015: $274,488Net Assets 2015: $2,491,5302015Assets 2016: $2,577,627Liabilities 2016: $267,221Net Assets 2016: $2,310,4062016Assets 2017: $2,577,707Liabilities 2017: $267,582Net Assets 2017: $2,310,1252017Assets 2018: $2,501,752Liabilities 2018: $252,567Net Assets 2018: $2,249,1852018Assets 2019: $2,320,133Liabilities 2019: $190,021Net Assets 2019: $2,130,1122019Assets 2020: $2,300,294Liabilities 2020: $285,676Net Assets 2020: $2,014,6182020Assets 2021: $2,698,401Liabilities 2021: $199,006Net Assets 2021: $2,499,3952021Assets 2022: $2,356,106Liabilities 2022: $82,299Net Assets 2022: $2,273,8072022Assets 2023: $2,400,434Liabilities 2023: $82,732Net Assets 2023: $2,317,7022023Assets 2024: $1,212,939Liabilities 2024: $107,043Net Assets 2024: $1,105,8962024

Highlighted filing

2019

Assets$2,320,133
Liabilities$190,021
Net Assets$2,130,112

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,307,8222012Expenses 2013: $1,346,8862013Revenue 2014: $1,397,160Expenses 2014: $1,420,118Net Income 2014: -$22,9582014Revenue 2015: $1,394,003Expenses 2015: $1,544,228Net Income 2015: -$150,2252015Revenue 2016: $1,345,466Expenses 2016: $1,470,495Net Income 2016: -$125,0292016Revenue 2017: $1,215,912Expenses 2017: $1,361,742Net Income 2017: -$145,8302017Revenue 2018: $1,304,229Expenses 2018: $1,386,184Net Income 2018: -$81,9552018Revenue 2019: $1,275,652Expenses 2019: $1,387,252Net Income 2019: -$111,6002019Revenue 2020: $1,054,118Expenses 2020: $1,075,213Net Income 2020: -$21,0952020Revenue 2021: $657,189Expenses 2021: $588,753Net Income 2021: $68,4362021Revenue 2022: $1,276,696Expenses 2022: $726,484Net Income 2022: $550,2122022Revenue 2023: $617,894Expenses 2023: $793,098Net Income 2023: -$175,2042023Revenue 2024: $903,577Expenses 2024: $1,026,733Net Income 2024: -$123,1562024

Highlighted filing

2019

Revenue$1,275,652
Expenses$1,387,252
Net Income-$111,600
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 23, 2020
Return Version
2018v3.2
Gross Receipts
$1,468,357
Mission and Program Overview

Mission

PROMOTION OF THE ARTS

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,134,739$1,932,977▼ $201,762
Savings and Temporary Cash Investments$69,836$120,881▲ $51,045
Investments in Publicly Traded Securities$74,289$77,566▲ $3,277
Accounts Receivable$77,119$53,268▼ $23,851
Inventories for Sale or Use$33,418$22,768▼ $10,650
Prepaid Expenses and Deferred Charges$20,958$12,266▼ $8,692
Land, Buildings, and Equipment, Net$15,832$9,631▼ $6,201
Total Assets$2,501,752$2,320,133▼ $181,619
Other Assets Total$75,561$90,776▲ $15,215
Liabilities
Accounts Payable and Accrued Expenses$84,162$81,235▼ $2,927
Deferred Revenue$85,535$51,307▼ $34,228
Mortgage Notes Payable Secured by Investment Property$75,000$50,138▼ $24,862
Other Liabilities$7,870$7,341▼ $529
Total Liabilities$252,567$190,021▼ $62,546
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,148,866$1,625,287▲ $476,421
Temporarily Rstr Net Assets$676,580--
Unrestricted Net Assets$423,739$504,825▲ $81,086
Total Net Assets Fund Balance$2,249,185$2,130,112▼ $119,073
Total Liabilities and Net Assets / Fund Balance$2,501,752$2,320,133▼ $181,619

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,115$166,011$173,126
Leasehold Improvements$1,397$159,524$160,921
Other Land Buildings$1,119$1,453$2,572
Other Securities$19,313--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,209,028$16,004▲ $121,547-$2,010,543
2017$2,219,295$28,551▲ $168,346-$2,209,028
2016$2,166,462$47,620▲ $234,147-$2,219,295
2015$2,348,730$26,582▲ $6,359-$2,166,462
2014$2,401,371$32,000▼ $54,155-$2,323,366
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John CainExecutive DiPT$120,736$12,763$133,499
Patricia HernandezDirector MarPT$127,659-$127,659

Board Members and Trustees

NameTitle
Adedoyin GomihDirector
Amy KoufosDirector
Andy ArnoldDirector
Carol Green-fraleyDirector
Cherie RippeyDirector
Christian BartholomewDirector
Corey HechtDirector
David MikaDirector
Denise DillardDirector
Gaustavo GalanteDirector
Heather MccarthyDirector
Jim DunneDirector
Karen LauermanDirector
Laura WhiteDirector
Liz ValavanisDirector
Susan GriffinDirector
Timothy WindersDirector
William NeffDirector
William LowePast Preside
Karen RaabPesident
Carly BrandenburgPresidet Ele
Leane CervenSecretary
Tim AndersonTreasurer
Danette GarzaVP Administr
Connie SkozenVP Developme
Marcia GlarosVP Developme
David SchneiderVP Education
Jenny YalowitzVP Exhibits
Sandi KozlowskiVP Exhibits
Jeremey WillettVP Governanc
Judith MayerVP Marketing
Irene Smith-kingVP Regional
Karen MaravillaVP Symphony
Michael Luongo MdVP Symphony
Revenue and Support

Revenue Composition

Contributions and Grants
$660,174
Program Service Revenue
$323,128
Investment Income
$114,991
Other Revenue
$177,359
All Other Contributions
$367,133
Change in Net Assets
$-111,600

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$31,065Fair Market Value
Total Noncash Contributions3$31,065-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,275,652
Revenue Not Reported on Form 990
$186,149
Total Revenue per Audited Statements
$1,461,801
Total Revenue per Form 990
$1,275,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$568,599
Other Expenses$436,950
Grants and Similar Amounts Paid$381,703
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$325,807$103,634-$429,441
Grants to Domestic Orgs$381,703--$381,703
Current Officers, Directors, Trustees, and Key Employees$79,737$8,860-$88,597
Occupancy$50,768$35,739-$86,507
Fees for Services Other$59,720$7,320-$67,040
Other Employee Benefits$42,156$8,405-$50,561
Advertising$15,083$34,547-$49,630
Fees for Service Investment Mgmnt Fees-$34,568-$34,568
Insurance$23,787$7,472-$31,259
All Other Expenses$14,256$14,242-$28,498
Other Expenses$19,113$2,848-$19,113
Information Technology$7,179$11,385-$18,564
Travel$4,325$2,336-$6,661
Depreciation Depletion$5,286--$5,286
Interest-$2,481-$2,481
Office Expenses$622$1,154-$1,776
Total Functional Expenses$1,100,814$286,438$0$1,387,252

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,580,875
Expenses per Audited Statements$1,387,252
Total Expenses per Form 990$1,387,252
Expenses Not Reported on Form 990$193,623
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Northwest Indiana Symphony SocietyMunster, IN501c3General Support$110,000
Theatre at the CenterMunster, IN501c3General Support$18,476
Lubeznik Center for the ArtsMichigan City, IN501c3General Support$12,641
Community Theatre GuildValparaiso, IN501c3General Support$9,724
Indiana Ballet TheatreMerrillville, IN501c3General Support$9,724
La Porte County Symphony OrchestraLaporte, IN501c3General Support$9,724
Towle Performing Arts CompanyHammond, IN501c3-$7,779
Decay DevilsGary, IN501c3General Support$7,250
Association of Artists & CraftsmenChesterton, IN501c3General Support$6,807
Miller Beach ArtsGary, IN501c3General Support$6,804
Beach Front Dance StudioGary, IN501c3General Support$5,834
Books Brushes & BandsHammond, IN501c3General Support$5,834
Lakeshore Community ConcertsMunster, IN501c3General Support$5,834
South Shore Dance AllianceGary, IN501c3General Support$5,834
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$222,172
Fundraising Direct Expenses$33,597
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Beaux Arts Ball$222,172$222,172$33,597$188,575
Total Events$222,172$222,172$33,597$188,575
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Certificates$5,111
Capital Lease$2,230
Governance and Compliance

Governance Checklist

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

The tax return is reviewed and approved by the executive director and the director of finance before filing.

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

Officers and directors are required to sign a conflict of interest statement each year. Conflicts of interest as well as any potential conflicts must be fully disclosed to the board. The board will review the matter and decide whether or not a conflict exists.

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

Board votes on compensation and the executive committee approves any salary recommendations.

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

Board votes on compensation and the executive committee approves any salary recommendations.

Form 990, Page 6, Part VI, Line 18

The tax return is available upon request and at www.guidestar.org.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
South Shore Arts Inc
EIN
23-7049722
Phone
2199330200
Address
1040 RIDGE ROAD, MUNSTER, IN 46321

Signing Officer

Name
John Cain
Title
Executive Director
Phone
2198360525
Signed
2020-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Cain
Formed
1969
Legal Domicile
In
Voting Board Members
34
Independent Board Members
34
Employees
18
Volunteers
40

Preparer

Firm
Mcmahon & Associates Cpas Pc
Address
10010 CALUMET AVE, MUNSTER, IN 46321-3976
Preparer
Matthew Stosich CPA
Phone
2199243450
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers help with fund raising, art classes, and customer relations.

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

The organization provides other art-related activites

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provisions of asc 740-10-25, which requires an organization to disclose any income tax uncertainties, including tax positions for which it is reasonably possible that the unrecognized tax benefit will significantly change in the next 12 months. The organization believes that all income tax positions are reasonable and that the total amounts of unrecognized tax benefits will not significantly increase or decrease within 12 months of the reporting date. As a non- profit organization, the entity is exempt from income taxes. The organization did not recognize any income tax interest or penalties during the fiscal year ended june 30, 2019. In general, the organization is no longer subject to examinations for years prior to 2017.

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

Direct fundrasing expenses 33,597 cost of goods sold 159,108

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

Direct fundrasing expenses 33,597 cost of goods sold 159,108 book / tax depreciation difference 918

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