Civic Intelligence

Durango Arts Center Inc.

990 • Fiscal year 2017 • EIN 23-7191511

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 19, 2018

802 East Second AvenueDurango, CO 81301

(970) 259-2606

Siviq Scores

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

Liabilities / Assets

79th percentile

0.34x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.35x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

26th percentile

-5.7%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$51,207

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

21st percentile

-6.2%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-7.5%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$718,994

Down $47,446 (-6.2%) from 2016

Net Assets

Down

$477,169

Down $38,348 (-7.4%) from 2016

Liabilities

Down

$241,825

Down $9,098 (-3.6%) from 2016

Revenue

Down

$700,436

Down $57,128 (-7.5%) from 2016

Expenses

Down

$740,572

Down $112,924 (-13%) from 2016

Net Income

Up

-$40,136

Up $55,796 (+58%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $943,837Liabilities 2010: $282,189Net Assets 2010: $661,6482010Assets 2011: $957,659Liabilities 2011: $288,854Net Assets 2011: $668,8052011Assets 2012: $909,538Liabilities 2012: $270,585Net Assets 2012: $638,9532012Assets 2013: $960,408Liabilities 2013: $263,035Net Assets 2013: $697,3732013Assets 2014: $1,054,625Liabilities 2014: $318,129Net Assets 2014: $736,4962014Assets 2015: $872,216Liabilities 2015: $263,565Net Assets 2015: $608,6512015Assets 2016: $766,440Liabilities 2016: $250,923Net Assets 2016: $515,5172016Assets 2017: $718,994Liabilities 2017: $241,825Net Assets 2017: $477,1692017Assets 2018: $631,661Liabilities 2018: $227,923Net Assets 2018: $403,7382018Assets 2019: $586,568Liabilities 2019: $245,914Net Assets 2019: $340,6542019Assets 2020: $680,368Liabilities 2020: $355,091Net Assets 2020: $325,2772020Assets 2021: $960,283Liabilities 2021: $425,869Net Assets 2021: $534,4142021Assets 2022: $794,642Liabilities 2022: $386,056Net Assets 2022: $408,5862022Assets 2023: $650,666Liabilities 2023: $331,146Net Assets 2023: $319,5202023Assets 2024: $765,118Liabilities 2024: $463,273Net Assets 2024: $301,8452024

Highlighted filing

2017

Assets$718,994
Liabilities$241,825
Net Assets$477,169

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $471,6522010Expenses 2011: $544,2292011Expenses 2012: $633,0872012Revenue 2013: $757,680Expenses 2013: $699,260Net Income 2013: $58,4202013Revenue 2014: $887,908Expenses 2014: $850,408Net Income 2014: $37,5002014Revenue 2015: $731,781Expenses 2015: $857,188Net Income 2015: -$125,4072015Revenue 2016: $757,564Expenses 2016: $853,496Net Income 2016: -$95,9322016Revenue 2017: $700,436Expenses 2017: $740,572Net Income 2017: -$40,1362017Revenue 2018: $633,710Expenses 2018: $702,809Net Income 2018: -$69,0992018Revenue 2019: $557,852Expenses 2019: $623,750Net Income 2019: -$65,8982019Revenue 2020: $437,056Expenses 2020: $452,671Net Income 2020: -$15,6152020Revenue 2021: $818,859Expenses 2021: $612,349Net Income 2021: $206,5102021Revenue 2022: $661,696Expenses 2022: $782,390Net Income 2022: -$120,6942022Revenue 2023: $770,216Expenses 2023: $856,560Net Income 2023: -$86,3442023Revenue 2024: $812,275Expenses 2024: $847,736Net Income 2024: -$35,4612024

Highlighted filing

2017

Revenue$700,436
Expenses$740,572
Net Income-$40,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 19, 2018
Return Version
2017v2.2
Gross Receipts
$700,436
Mission and Program Overview

Mission

The Durango Arts Center ("DAC") enriches the community through innovative visual and performing art, and arts education. DAC advances appreciation and participation in th earts as a cultural leader in the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$623,929$587,534▼ $36,395
Cash and Non-Interest-Bearing Accounts$94,168$90,490▼ $3,678
Pledges and Grants Receivable$11,893$596▼ $11,297
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$766,440$718,994▼ $47,446
Other Assets Total$36,450$40,374▲ $3,924
Liabilities
Mortgage Notes Payable Secured by Investment Property$203,765$196,014▼ $7,751
Accounts Payable and Accrued Expenses$23,113$23,185▲ $72
Other Liabilities$24,045$22,626▼ $1,419
Total Liabilities$250,923$241,825▼ $9,098
Net Assets / Fund Balance
Unrestricted Net Assets$510,517$474,169▼ $36,348
Temporarily Rstr Net Assets$5,000$3,000▼ $2,000
Total Net Assets Fund Balance$515,517$477,169▼ $38,348
Total Liabilities and Net Assets / Fund Balance$766,440$718,994▼ $47,446

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$447,456$514,639$962,095
Other Land Buildings$12,705$174,915$187,620
Land$112,500-$112,500
Leasehold Improvements$14,873$7,249$22,122
Equipment-$6,722$6,722
Other Assets Org$4,780--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cristie ScottExecutive DirectorFT$51,207$51,207

Board Members and Trustees

NameTitle
Kristina FoxPresident
Erin DaleVice President
Anthony SavastanoDirector
Carol MecklingDirector
Christine WarrenDirector
Grace DamienDirector
Joan RussellDirector
John LopezDirector
Katie Kandarian-MorrisDirector
Laurel SchafferDirector
Rosemary JuskevichSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$232,103
Program Service Revenue
$399,588
Investment Income
$2,957
Other Revenue
$65,788
All Other Contributions
$232,103
Change in Net Assets
$-40,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$374,822
Other Expenses$365,750
Total Fundraising Expense$78,852
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$224,986$8,420$34,717$268,123
All Other Expenses$72,166$10,066$11,357$93,589
Current Officers, Directors, Trustees, and Key Employees$2,560$35,845$12,802$51,207
Depreciation Depletion$34,437$1,806$296$36,539
Other Employee Benefits$20,424$3,718$6,200$30,342
Payroll Taxes$17,827$3,472$3,851$25,150
Occupancy$18,780$984$162$19,926
Other Expenses$17,214$16$5$17,235
Insurance$10,000$4,661$1,680$16,341
Travel$13,191--$13,191
Advertising$7,233$1,535$1,951$10,719
Interest$8,449$443$73$8,965
Fees for Services Other$1,121$1,561$582$3,264
Total Functional Expenses$575,789$85,931$78,852$740,572
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,800
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll liabilities$19,530
Sales tax payable$2,427
Accrued Interest$669
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Part VI, Line 11B: Form 990 Review Process

Several days before the return isdue, a pdf copy was circulated to theboard for review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

On an annual basis, board members are queried about any possible conflicts.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board minutes disclosed actions taken on compensation. All boardmembers are independent of the Executive Director. The Executive Directorsalary was based on what she was previously earning elsewhere in thenonprofit community and adjusted to what the organization could afford to pay.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and finanical statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Durango Arts Center Inc
EIN
23-7191511
Phone
9702592606
Address
802 East Second Avenue, Durango, CO 81301

Signing Officer

Name
Kristina Fox
Title
President
Signed
2018-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristina Fox
Formed
1966
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
27
Volunteers
125

Preparer

Firm
FredrickZink & Associates PC CPAs
Address
954 East 2nd Avenue 201, Durango, CO 81301-5111
Preparer
John M Lopez
Phone
9702470506
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: DAC hosted 83 community events for the public, including exhibit receptions, theatre performances, artist lectures film screenings and fundraisers. Education programs offered over 150 unique art workshops, camps and classes. Over 500 artists were represented in DAC galleries, community exhibitions, the 23rd Annual Durango Autumn Arts Festival and on stage as performers in DAC theatrical productions.

Form 990, Part IX, Line 24E: Other Expenses

Concessions: Column (A) - Total = $5283; Column (B) - Program Services = $5092; Column (C) - Management & General = $140; Column (D) - Fundraising = $51

Form 990, Part IX, Line 24E: Other Expenses

Copier: Column (A) - Total = $3706; Column (B) - Program Services = $1273; Column (C) - Management & General = $1772; Column (D) - Fundraising = $661

Form 990, Part IX, Line 24E: Other Expenses

Credit card fees: Column (A) - Total = $11287; Column (B) - Program Services = $10109; Column (C) - Management & General = $0; Column (D) - Fundraising = $1178

Form 990, Part IX, Line 24E: Other Expenses

Equipment rental : Column (A) - Total = $2717; Column (B) - Program Services = $2717; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Gifts: Column (A) - Total = $580; Column (B) - Program Services = $564; Column (C) - Management & General = $12; Column (D) - Fundraising = $4

Form 990, Part IX, Line 24E: Other Expenses

In-kind expense: Column (A) - Total = $2106; Column (B) - Program Services = $1717; Column (C) - Management & General = $280; Column (D) - Fundraising = $109

Form 990, Part IX, Line 24E: Other Expenses

Memberships, dues, publication: Column (A) - Total = $745; Column (B) - Program Services = $300; Column (C) - Management & General = $113; Column (D) - Fundraising = $332

Form 990, Part IX, Line 24E: Other Expenses

Miscellaneous: Column (A) - Total = $456; Column (B) - Program Services = $189; Column (C) - Management & General = $194; Column (D) - Fundraising = $73

Form 990, Part IX, Line 24E: Other Expenses

Other administrative expense: Column (A) - Total = $1128; Column (B) - Program Services = $521; Column (C) - Management & General = $343; Column (D) - Fundraising = $264

Form 990, Part IX, Line 24E: Other Expenses

Other program expense: Column (A) - Total = $500; Column (B) - Program Services = $172; Column (C) - Management & General = $239; Column (D) - Fundraising = $89

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $5342; Column (B) - Program Services = $3700; Column (C) - Management & General = $121; Column (D) - Fundraising = $1521

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $7393; Column (B) - Program Services = $5864; Column (C) - Management & General = $39; Column (D) - Fundraising = $1490

Form 990, Part IX, Line 24E: Other Expenses

Repair and maintenance : Column (A) - Total = $7227; Column (B) - Program Services = $6879; Column (C) - Management & General = $299; Column (D) - Fundraising = $49

Form 990, Part IX, Line 24E: Other Expenses

Security: Column (A) - Total = $1680; Column (B) - Program Services = $1680; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Small Equipment : Column (A) - Total = $1331; Column (B) - Program Services = $1315; Column (C) - Management & General = $14; Column (D) - Fundraising = $2

Form 990, Part IX, Line 24E: Other Expenses

Supplies: Column (A) - Total = $15105; Column (B) - Program Services = $13767; Column (C) - Management & General = $696; Column (D) - Fundraising = $642

Form 990, Part IX, Line 24E: Other Expenses

Tech Support: Column (A) - Total = $15381; Column (B) - Program Services = $8060; Column (C) - Management & General = $3475; Column (D) - Fundraising = $3846

Form 990, Part IX, Line 24E: Other Expenses

Telephone & Internet: Column (A) - Total = $4668; Column (B) - Program Services = $1603; Column (C) - Management & General = $2232; Column (D) - Fundraising = $833

Form 990, Part IX, Line 24E: Other Expenses

Tix fees: Column (A) - Total = $6559; Column (B) - Program Services = $6465; Column (C) - Management & General = $0; Column (D) - Fundraising = $94

Form 990, Part IX, Line 24E: Other Expenses

Training/staff development: Column (A) - Total = $395; Column (B) - Program Services = $179; Column (C) - Management & General = $97; Column (D) - Fundraising = $119

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IRS990/Form990PartVIISectionAGrp/PersonNm5Christine Warren
IRS990/Form990PartVIISectionAGrp/PersonNm6Anthony Savastano
IRS990/Form990PartVIISectionAGrp/PersonNm7Grace Damien
IRS990/Form990PartVIISectionAGrp/PersonNm8John Lopez
IRS990/Form990PartVIISectionAGrp/PersonNm9Laurel Schaffer
IRS990/Form990PartVIISectionAGrp/PersonNm10Joan Russell
IRS990/Form990PartVIISectionAGrp/PersonNm11Cristie Scott
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IRS990/MissionDesc0The Durango Arts Center ("DAC") enriches the community through innovative visual and performing art, and arts education. DAC advances appreciation and participation in th earts as a cultural leader in the region.
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IRS990/ProgSrvcAccomActy2Grp/Desc0DAC coordinates between over 20 exhibits per year in three onsite gallery spaces, as well as occasional offsite exhibits throughout the community. To enhance the visual arts experience, DAC coordinates educational opportunities to coincide with exhibits, such as lectures/panel discussions, artist demonstrations, workshops or film screenings. In addition to sales and exhibit fees for juried shows, the exhibits program was supported by $28,785 in corporate sponsorships, individual donations and grants.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DAC Visual Arts Education fulfilled a total of 1,032 registrations across the adult, youth and childrens workshops and camps serving ages 5 and up, and distributed $9,536 in scholarship aid. Key programs include After School Art, a longstanding partnership with Durango School District 9R; Girls Opportunities through Arts and Leadership (GOAL), which focuses on confidence and skill-building for middle school girls; DAC Docents shared 108 free art history sessions to area schools and community centers engaging 1,401 elementary children and senior adults in learning about and making art; and Creativity Festivitya 24-year partnership with Durango 9R that celebrates art and artists of our local schools. Creativity Festivity spans two weeks in late spring, and features an exhibit of 1,500 pieces of artwork by kindergarten through 12th grade students, a high school poetry slam and a theatrical performance produced by students of the Applause program. Total audience engagement is estimated at 4,000 community members for this event.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.46$0.30$0.81$0.85$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.33$0.32$0.77$0.86$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.39$0.41$0.66$0.78$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.96$0.43$0.53$0.82$0.61$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.36$0.33$0.44$0.45$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.59$0.25$0.34$0.56$0.62$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.63$0.23$0.40$0.63$0.70$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.24$0.48$0.70$0.74$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.77$0.25$0.52$0.76$0.85$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.26$0.61$0.73$0.86$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.32$0.74$0.89$0.85$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.26$0.70$0.76$0.70$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.27$0.64$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.29$0.67$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.28$0.66$0.47