Civic Intelligence

The Arts Partnership

990 • Fiscal year 2019 • EIN 26-2507419

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 15, 2020

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

15th percentile

0.02x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.11x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$342,988

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

64th percentile

8.3%

Faster asset growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

104%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$32,680,374

Up $2,514,337 (+8.3%) from 2018

Net Assets

Up

$32,128,851

Up $3,075,340 (+11%) from 2018

Liabilities

Down

$551,523

Down $561,003 (-50%) from 2018

Revenue

Up

$5,162,273

Up $2,636,908 (+104%) from 2018

Expenses

Up

$2,245,294

Up $391,721 (+21%) from 2018

Net Income

Up

$2,916,979

Up $2,245,187 (+334%) from 2018

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

2019

Assets$32,680,374
Liabilities$551,523
Net Assets$32,128,851

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

2019

Revenue$5,162,273
Expenses$2,245,294
Net Income$2,916,979
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 15, 2020
Return Version
2018v3.0
Gross Receipts
$5,970,271
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 Arts Partnership was incorporated on April 10, 2007 and organized to operate exclusively for charitable and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code and, in particular, as a Type I supporting organization within the meaning of Section 509(a)(3) for the benefit of and to carry out the purposes of its supported organizations (Supported Organizations), namely, Ordway Center for the Performing Arts (the Ordway); The Saint Paul Chamber Orchestra Society; The Minnesota Opera; and The Schubert Club (collectively, the Arts Partners), each of which is a Minnesota nonprofit corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and classified as a public charity under Section 509(a)(2) of the Internal Revenue Code. The Arts Partnership strengthens its member organizations in service to the community through growing collaboration nd stewardship of its shared assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,243,724$24,169,527▲ $2,925,803
Other Notes and Loans Receivable, Net$6,399,800$6,399,800→ $0
Cash and Non-Interest-Bearing Accounts$1,227,048$1,569,989▲ $342,941
Pledges and Grants Receivable$709,520$268,770▼ $440,750
Savings and Temporary Cash Investments$563,375$232,222▼ $331,153
Accounts Receivable$22,570$40,066▲ $17,496
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$30,166,037$32,680,374▲ $2,514,337
Other Assets Total$0--
Liabilities
Unsecured Notes Loans Payable$750,000$0▼ $750,000
Other Liabilities$362,526$550,100▲ $187,574
Accounts Payable and Accrued Expenses$0$1,423▲ $1,423
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,112,526$551,523▼ $561,003
Net Assets / Fund Balance
Permanently Rstr Net Assets$13,126,758$15,959,258▲ $2,832,500
Unrestricted Net Assets$8,407,329$9,400,458▲ $993,129
Temporarily Rstr Net Assets$7,519,424$6,769,135▼ $750,289
Total Net Assets Fund Balance$29,053,511$32,128,851▲ $3,075,340
Total Liabilities and Net Assets / Fund Balance$30,166,037$32,680,374▲ $2,514,337

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$21,243,724$3,010,000▲ $873,908$869,500$24,169,527
2017$20,693,000$8,464▲ $1,424,081$794,880$21,243,724
2016$18,888,007$841,006▲ $1,783,123$736,460$20,693,000
2015$11,272,835$8,295,908▼ $321,686$310,900$18,888,007
2014$8,998,525$2,732,440▼ $240,179$170,900$11,272,835
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon LimbacherPresident and CEO
Barry KemptonDirector
Brad WoodDirector
Dorothy HornsDirector
H Bernt von OhlenDirector
Joseph TashjianDirector
P W ParkerDirector
Jamie GrantSecretary
Ryan TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,531,666
Program Service Revenue
$0
Investment Income
$630,337
Other Revenue
$270
All Other Contributions
$3,781,666
Change in Net Assets
$2,916,979

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$3,050,091Fair Market Value (FMV)
Total Noncash Contributions3$3,050,091-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,073,668
Revenue Not Reported on Financial Statements
$88,605
Revenue Not Reported on Form 990
$318,037
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$5,391,705
Total Revenue per Form 990
$5,162,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,131,953
Other Expenses$113,341
Total Fundraising Expense$2,067
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,131,953--$2,131,953
Fees for Service Investment Mgmnt Fees-$88,605-$88,605
Fees for Services Accounting-$19,830-$19,830
Office Expenses-$56$2,067$2,123
Fees for Services Legal-$1,522-$1,522
Conferences and Meetings-$1,261-$1,261
Total Functional Expenses$2,131,953$111,274$2,067$2,245,294

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,316,365
Total Expenses per Form 990$2,245,294
Expenses per Audited Statements$2,156,689
Expenses Not Reported on Form 990$159,676
Expenses Not Reported on Financial Statements$88,605
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ordway Center for the Performing ArtsSaint Paul, MN501 (c) 3$818,826 to provide operating support for the Ordway Center for the Performing Arts use of the performing arts facility at Ordway Center for the Performing Arts, $16,362 to provide rent subsidy for the community rentals for Ordway Center for the Performing Arts Concert Hall, and $51,276 for joint programs of the supported organizations at Ordway Center for the Performing Arts facility. The Ordway Center for the Performing Arts additionally received $261,615 to keep its equipment and facility up to date. These purchases are agreed to in a facilities plan reviewed by the Arts Partnerhip each year.$1,148,079
The Minnesota OperaMinneapolis, MN501 (c) 3Actual cash grant to The Minnesota Opera to support their use of the Ordway Center for the Performing Arts facility.$533,063
The Saint Paul Chamber OrchestraSaint Paul, MN501 (c) 3Actual cash grant to The Saint Paul Chamber Orchestra to support their use of the Ordway Center for the Performing Arts facility.$367,260
The Schubert ClubSaint Paul, MN501 (c) 1Actual cash Grant to The Schubert Club to support their use of Ordway Center for the Performing Arts facility$83,551
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Subsidies due Related Parties$550,100
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 approved by the Board of Directors at the next meeting or via electronic vote prior to the required filing date. All questions or comments 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 related organizations. The related organizations are Ordway Center for the Performing Arts, The Schubert Club, The 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
James Grant
Title
Treasurer
Phone
6512823000
Signed
2020-02-15

Organization Details

Principal Officer
James Grant
Formed
2007
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
25
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Funds transferred from the Arts Partnership to fund construction costs for the Ordway Center of the Performing Arts facility are recorded as a net asset transfer. In Fiscal Year 2019, the Arts Partnership transferred $67,397 to Ordway Center for the Performing Arts to fund construction related expenses. Additionally, the Arts Partnership removed a pledge receivable as new information from the donor could not confirm if this amount was still collectible or when funds might be received. The Arts Partnership wrote off $92,279 of a prior period pledge receivable. Both of these transactions are listed as other reconciling items on Part XI "Reconciliation of Net Assets" on this Form 990

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 XII, Line 2D

The Arts Partnership wrote off a prior year pledge receivable due to collectability in the amount of $92,279. Additionally, the Arts Partnership transferred $67,397 to Ordway Center for the Performing Arts for construction related expenses. Both of these transactions are reported in other changes in Net Assets in this Form 990.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Ryan Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm2Jamie Grant
IRS990/Form990PartVIISectionAGrp/PersonNm3Dorothy Horns
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President and CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/MissionDesc0The Arts Partnership strengthens its member organizations in service to the community through growing collaboration and stewardship of its shared assets.
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IRS990/PrincipalOfficerNm0James Grant
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Arts Partnership's annual fundraising efforts include facility maintenance and capital support for Ordway Center for the Performing Arts facility. This program expense supports the facility needs that service an audience of approximately 292,000 annually.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Arts Partnership supported two performances that were a collaboration of The Saint Paul Chamber Orchestra, The Minnesota Opera, The Schubert Club and Ordway Center for the Performing Arts to bring together these organizations to provide a unique arts experience to the community at the Ordway Center for the Performing Arts facility.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0The Arts Partnership subsidizes the use by certain community groups use of the Concert Hall at the Ordway Center facility. The subsidy provides access to local groups at an affordable rate.
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0818827
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt2367261
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Ordway Center for the Performing Arts
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1The Minnesota Opera
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2The Saint Paul Chamber Orchestra
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3The Schubert Club
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