Civic Intelligence

Winterset Art Center Inc

990EZ • Fiscal year 2016 • EIN 23-7428982

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 28, 2017

PO Box 325Winterset, IA 50273

(515) 462-4313

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

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

62nd percentile

8.8%

Higher net margin than 62% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

32nd percentile

-7.3%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2016

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2016

Assets

Down

$9,858

Down $1,605 (-14%) from 2014

Net Assets

Down

$9,858

Down $24 (-0.2%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$11,894

Down $3,452 (-22%) from 2014

Expenses

Down

$10,852

Down $4,470 (-29%) from 2014

Net Income

Up

$1,042

Up $1,018 (+4242%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $12,273Liabilities 2012: $1,583Net Assets 2012: $10,6902012Assets 2013: $11,439Liabilities 2013: $1,582Net Assets 2013: $9,8572013Assets 2014: $11,463Liabilities 2014: $1,581Net Assets 2014: $9,8822014Assets 2016: $9,858Net Assets 2016: $9,8582016Assets 2017: $20,474Net Assets 2017: $20,4742017Assets 2018: $116,146Liabilities 2018: $407Net Assets 2018: $115,7392018Assets 2024: $275,527Liabilities 2024: $0Net Assets 2024: $275,5272024Assets 2025: $388,191Net Assets 2025: $388,1912025

Highlighted filing

2016

Assets$9,858
Liabilities-
Net Assets$9,858

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $15,301Expenses 2012: $17,103Net Income 2012: -$1,8022012Revenue 2013: $13,013Expenses 2013: $13,848Net Income 2013: -$8352013Revenue 2014: $15,346Expenses 2014: $15,322Net Income 2014: $242014Revenue 2016: $11,894Expenses 2016: $10,852Net Income 2016: $1,0422016Revenue 2017: $53,971Expenses 2017: $43,355Net Income 2017: $10,6162017Revenue 2018: $81,210Expenses 2018: $45,656Net Income 2018: $35,5542018Revenue 2024: $204,102Expenses 2024: $15,755Net Income 2024: $188,3472024Revenue 2025: $123,840Expenses 2025: $20,974Net Income 2025: $102,8662025

Highlighted filing

2016

Revenue$11,894
Expenses$10,852
Net Income$1,042
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 28, 2017
Return Version
2016v3.0
Gross Receipts
$11,894
Mission and Program Overview

Mission

The winterset art center is dedicated to art education, to the history and preservation of local art and artists, and to the promotion of artistic endeavor in winterset, madison county, and the state of iowa.

Program Services

DescriptionGrantsExpenses
TO PROVIDE CHILDREN'S ART EDUCATION AND EVENTS TO FOSTER DEVELOPMENT OF ART APPRECIATION AND EXPRESSION$683-
TO PROVIDE ADULT ART EDUCATION AND EVENTS TO FOSTER DEVELOPMENT OF ART APPRECIATION AND EXPRESSION--
TO PROVIDE GALLERY CONSIGNMENT FOR LOCAL ARTISTS TO MARKET THEIR ARTWORK--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID NEGLEYChairman-$0--
SHARON DUNBARTreasurer-$0--
ETHEL LEE OSBORN-TUCKERSecretary-$0--
REV WILLIAM D COTTONDirector-$0--
ANGELA NEWMANExecutive DirectorPT$0--
KEITH TUCKERDirector-$0--
BRAD HANSENDirector-$0--
CHERYL HANSENDirector-$0--
MORGAN BRITTAINDirector-$0--
DANETTE KROEMERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Winterset Art Center Inc
EIN
23-7428982
Phone
5154624313
Address
PO BOX 325, WINTERSET, IA 50273

Signing Officer

Name
David Negley
Title
Chairman
Signed
2017-08-28
Discuss with paid preparer
Yes

Preparer

Firm
Applegate Tax & Accounting LLC
Address
224 E Highway 92 Suite B PO Box 231, WINTERSET, IA 50273
Preparer
David L Negley CPA
Phone
5154624553
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $627

Other Expenses.1009

Depreciation $976

Other Expenses.1012

Insurance $1972

Other Expenses.1

Fundraising event expense $537

Other Expenses.2

SUPPLIES $472

Other Expenses.3

INSTRUCTORS $240

Other Expenses.5

BANK CHARGES $131

Other Assets.1002

Furniture and Fixtures - Beginning $787 Furniture and Fixtures - Ending $517

Other Assets.1

OTHER - Beginning $116 OTHER - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1000 Accounts Payable and Accrued Expenses - Ending $0

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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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IRS990EZ/PrimaryExemptPurposeTxt0THE WINTERSET ART CENTER IS DEDICATED TO ART EDUCATION, TO THE HISTORY AND PRESERVATION OF LOCAL ART AND ARTISTS, AND TO THE PROMOTION OF ARTISTIC ENDEAVOR IN WINTERSET, MADISON COUNTY, AND THE STATE OF IOWA.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $627
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1972
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EVENT EXPENSE $537
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPPLIES $472
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INSTRUCTORS $240
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK CHARGES $131
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Furniture and Fixtures - Beginning $787 Furniture and Fixtures - Ending $517
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID NEGLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WINTERSET ART CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0WINT
ReturnHeader/Filer/EIN0237428982
ReturnHeader/Filer/PhoneNum05154624313
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 325
ReturnHeader/Filer/USAddress/CityNm0WINTERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050273
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0224 E Highway 92 Suite B PO Box 231
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINTERSET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050273
ReturnHeader/PreparerPersonGrp/PhoneNum05154624553
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David L Negley CPA
ReturnHeader/ReturnTs02017-08-28T11:02:05-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings