Civic Intelligence

The Arts Partnership

990 • Fiscal year 2015 • EIN 26-2507419

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

345 Washington StreetSaint Paul, MN 55102

(651) 282-3000

Siviq Scores

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

Liabilities / Assets

27th percentile

0.08x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

0.33x

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

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$271,047

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

74th percentile

9.4%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

5th percentile

-43%

Faster revenue growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$30,303,989

Up $2,595,674 (+9.4%) from 2014

Net Assets

Up

$27,914,783

Up $3,620,537 (+15%) from 2014

Liabilities

Down

$2,389,206

Down $1,024,863 (-30%) from 2014

Revenue

Down

$7,251,737

Down $5,362,763 (-43%) from 2014

Expenses

Up

$2,468,463

Up $1,381,596 (+127%) from 2014

Net Income

Down

$4,783,274

Down $6,744,359 (-59%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $14,085,069Liabilities 2012: $2,218,787Net Assets 2012: $11,866,2822012Assets 2013: $18,054,015Liabilities 2013: $3,777,313Net Assets 2013: $14,276,7022013Assets 2014: $27,708,315Liabilities 2014: $3,414,069Net Assets 2014: $24,294,2462014Assets 2015: $30,303,989Liabilities 2015: $2,389,206Net Assets 2015: $27,914,7832015Assets 2016: $30,405,751Liabilities 2016: $1,700,909Net Assets 2016: $28,704,8422016Assets 2017: $30,444,244Liabilities 2017: $546,266Net Assets 2017: $29,897,9782017Assets 2018: $30,166,037Liabilities 2018: $1,112,526Net Assets 2018: $29,053,5112018Assets 2019: $32,680,374Liabilities 2019: $551,523Net Assets 2019: $32,128,8512019Assets 2020: $31,183,068Liabilities 2020: $822,214Net Assets 2020: $30,360,8542020Assets 2021: $39,537,439Liabilities 2021: $645,975Net Assets 2021: $38,891,4642021Assets 2022: $32,719,008Liabilities 2022: $615,237Net Assets 2022: $32,103,7712022Assets 2023: $35,914,415Liabilities 2023: $437,338Net Assets 2023: $35,477,0772023Assets 2024: $40,729,916Liabilities 2024: $385,423Net Assets 2024: $40,344,4932024

Highlighted filing

2015

Assets$30,303,989
Liabilities$2,389,206
Net Assets$27,914,783

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $851,2262012Expenses 2013: $1,920,2192013Revenue 2014: $12,614,500Expenses 2014: $1,086,867Net Income 2014: $11,527,6332014Revenue 2015: $7,251,737Expenses 2015: $2,468,463Net Income 2015: $4,783,2742015Revenue 2016: $2,548,171Expenses 2016: $1,340,445Net Income 2016: $1,207,7262016Revenue 2017: $1,087,612Expenses 2017: $1,428,929Net Income 2017: -$341,3172017Revenue 2018: $2,525,365Expenses 2018: $1,853,573Net Income 2018: $671,7922018Revenue 2019: $5,162,273Expenses 2019: $2,245,294Net Income 2019: $2,916,9792019Revenue 2020: $7,323,445Expenses 2020: $8,815,343Net Income 2020: -$1,491,8982020Revenue 2021: $5,290,504Expenses 2021: $2,629,377Net Income 2021: $2,661,1272021Revenue 2022: $6,025,235Expenses 2022: $7,493,475Net Income 2022: -$1,468,2402022Revenue 2023: $6,980,977Expenses 2023: $5,575,710Net Income 2023: $1,405,2672023Revenue 2024: $9,349,317Expenses 2024: $6,542,778Net Income 2024: $2,806,5392024

Highlighted filing

2015

Revenue$7,251,737
Expenses$2,468,463
Net Income$4,783,274
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$7,487,194
Mission and Program Overview

Mission

The Arts Partnership strengthens its member organizations in service to the community through growing collaboration and stewardship of its shared assets.

The Corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code for the benefit of and to carry out the purposes of its supported organizations, namely, Ordway Center for the Performing Arts; The Saint Paul Chamber Orchestra Society; The Minnesota Opera; and The Schubert Club, each of which is a Minnesota nonprofit corporation exempt from federal income tax under Section 501(c)(3) of the Code and classified as a public chartity under Section 509(a)(1) or 509(a)(2) of the Code. The Corporation may receive gifts and bequests and hold, administer, and dispose of the same exclusively for the accomplishment of the charitable purposes for which the Corporation was created. The Corporation in carrying out its purposes shall have all the powers granted by law to a corporation formed under the Minnesota Nonprofit corporation Act, Minnesota Statute Chapter 317A, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,887,688$11,257,788▲ $2,370,100
Other Notes and Loans Receivable, Net$6,399,800$6,399,800→ $0
Cash and Non-Interest-Bearing Accounts$4,380,295$5,439,885▲ $1,059,590
Pledges and Grants Receivable$6,908,362$5,006,413▼ $1,901,949
Savings and Temporary Cash Investments$1,111,284$1,809,058▲ $697,774
Accounts Receivable$20,886$391,045▲ $370,159
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Inventories for Sale or Use$0--
Prepaid Expenses and Deferred Charges$0--
Total Assets$27,708,315$30,303,989▲ $2,595,674
Liabilities
Unsecured Notes Loans Payable$1,890,000$2,190,000▲ $300,000
Other Liabilities$1,486,403$187,693▼ $1,298,710
Accounts Payable and Accrued Expenses$37,666$11,513▼ $26,153
Total Liabilities$3,414,069$2,389,206▼ $1,024,863
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,399,829$12,819,969▲ $2,420,140
Temporarily Rstr Net Assets$10,871,499$11,433,201▲ $561,702
Unrestricted Net Assets$3,022,918$3,661,613▲ $638,695
Total Net Assets Fund Balance$24,294,246$27,914,783▲ $3,620,537
Total Liabilities and Net Assets / Fund Balance$27,708,315$30,303,989▲ $2,595,674

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$8,998,525$2,732,440▼ $240,179$170,900$11,272,835
2013$2,072,316$6,692,426▲ $234,340$0$8,998,525
2012$935,098$1,137,218▲ $146$0$2,072,316
2011$450,025$485,000▲ $73$0$935,098
2010$250,023$450,000▲ $25$250,023$450,025
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kevin RamachTreasurer$129,454$129,454
Nina ArchabalDirector$18,500$18,500

Board Members and Trustees

NameTitle
Patricia MitchellPresident
Dobson WestDirector
Jim JohnsonDirector
Kim SeversonDirector
Robert CattanachDirector
Thomas HandleyDirector
Barry KemptonSecretary
Bruce CoppockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,572,828
Program Service Revenue
$248,108
Investment Income
$430,801
Other Revenue
$0
All Other Contributions
$6,572,828
Change in Net Assets
$4,783,274

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,056,472
Revenue Not Reported on Financial Statements
$195,265
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$148,214
Total Revenue per Audited Statements
$7,056,472
Total Revenue per Form 990
$7,251,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,482,008
Grants and Similar Amounts Paid$902,080
Total Fundraising Expense$129,945
Professional Fundraising Fees$84,375
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$902,080--$902,080
Other Expenses$750,277$0$0$750,277
Advertising$619,694--$619,694
Fees for Services Professional Fundraising--$84,375$84,375
Office Expenses-$6,866$42,655$49,521
Fees for Service Investment Mgmnt Fees-$47,051-$47,051
Fees for Services Legal-$12,550$2,915$15,465
Total Functional Expenses$2,272,051$66,467$129,945$2,468,463

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,468,463
Expenses per Audited Statements$2,421,412
Total Expenses per Audited Statements$2,421,412
Expenses Not Reported on Financial Statements$47,051
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ordway Center for the Performing ArtsSaint Paul, MN501 (c) 3To provide operating support for Ordway Center for the Performing Arts use of the performing arts facility at Ordway Center for the Performing Arts.$535,371
Minnesota OperaMinneapolis, MN501 (c) 3To provide operating support for Minnesota Opera's use of the performing arts facility at Ordway Center for the Performing Arts.$231,845
The Saint Paul Chamber OrchestraSaint Paul, MN501 (c) 3To provide operating support for The Saint Paul Chamber Orchestra's use of the performing arts facility at Ordway Center for the Performing Arts.$123,387
The Schubert ClubSaint Paul, MN501 (c) 3To provide operating support for The Schubert Club's use of the performing arts facility at Ordway Center for the Performing Arts.$11,477
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$84,375
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
Amounts due under an assignment agreement$187,693
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Part VI, Section B, Line 11B

A copy of the Form 990 is reviewed by outside tax counsel and then forwarded to each Board member for their review. The report is accepted through a Board motion at the next meeting or via electronic vote prior to the required filing date. All questions or comments are received from outside counsel and Board members are addressed prior to filing the report with the IRS.

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

The Arts Partnership Board of Directors reviews the conflict of interest statements on an annual basis.

Form 990, Part VI, Section B, Line 15

The Arts Partnership has no paid employees. The Arts Partnership Board approves the budget and any payments for services to outside organizations that fulfill employee type responsibilities as well as payments for services provided by the related organizations. The related organizations are, Ordway Center for the Performing Arts, The Schubert Club, Minnesota Opera and The Saint Paul Chamber Orchestra.

Form 990, Part VI, Section C, Line 19

The Arts Partnership will make these documents available upon request.

Filing and Contact Details

Filer

Filer Name
Arts Partnership
EIN
26-2507419
Phone
6512823000
Address
345 Washington Street, Saint Paul, MN 55102

Signing Officer

Name
Barry Kempton
Title
President
Phone
6512823000
Signed
2016-05-13

Organization Details

Principal Officer
Barry Kempton
Formed
2007
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The Arts Partnership sponsored programming and kick-off events for the new concert hall opening in conjunction with completing the campaign that raised the funds to construct a new concert hall at Ordway Center for the Performing Arts.

Form 990, Part XI, Line 9

As a part of providing financial support to its supporting organizations, the Arts Partnership raised funds for the construction of a new concert hall and production space at Ordway Center for the Performing Arts. In accordance with Generally Accepted Accounting Principles, the transfer of assets in the amount of $557,084 was made during fiscal year 2015 and recorded as transfers in assets in the "Other Changes" section on the statement of activities.

Financial Statement Notes

Schedule D, Part V, Line 4

The endowment is to provide rental subsidy to the four supported organizations of the Arts Partnership for the use of the Ordway facility which include: The Saint Paul Chamber Orchestra, The Minnesota Opera, The Schubert Club and Ordway Center for the Performing Arts.

Schedule D, Part XI, Line 4B

The interest income as reported in the audited financial statements includes only the amount designated for operations. During Fiscal Year 2015, net realized gains and interest income were $148,214 more than the amounts reported as investment income in the audited financial statements. Investment income not used in operations is reflected in the "Other Changes" section in the audited financial statements.

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IRS990/MissionDesc0The Arts Partnership advocates, fundraises and supports the primary users of Ordway Center for the Performing Arts facility, currrently, Ordway Center for the Performing Arts; The Saint Paul Chamber Orchestra Society; The Minnesota Opera; and The Schubert Club, to find creative and economically viable opportunities for the groups' collective service to the community.
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IRS990/OtherExpensesGrp/Desc0Artistic and supporting costs for Concert Hall Opening
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IRS990/ProgSrvcAccomActy2Grp/Desc0In Fiscal Year 2015 the Arts Partnership sponsored the opening events for the new concert hall at Ordway Center for the Performing Arts. The new venue will primarily be use for the Arts Partnerships supporting organizations: The Saint Paul Chamber Orchestra, The Minnesota Opera, The Schubert Club and Ordway Center for the Performing Arts.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Ordway Center for the Performing Arts
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2The Saint Paul Chamber
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