Civic Intelligence

Creative City Collaborative of Delray Beach Inc.

990 • Fiscal year 2023 • EIN 26-3210202

Oct 01, 2022 to Sep 30, 2023 • Filed on May 15, 2024

94 NE 2nd AveDelray Beach, FL 33444

(561) 665-5857

Siviq Scores

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

Liabilities / Assets

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.11x

Higher debt load relative to revenue than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

33rd percentile

-2.8%

Higher net margin than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$147,920

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

33rd percentile

-0.8%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

27th percentile

-7.8%

Faster revenue growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,033,198

Down $8,454 (-0.8%) from 2022

Net Assets

Down

$865,606

Down $45,272 (-5.0%) from 2022

Liabilities

Up

$167,592

Up $36,818 (+28%) from 2022

Revenue

Down

$1,589,148

Down $133,850 (-7.8%) from 2022

Expenses

Up

$1,634,420

Up $249,541 (+18%) from 2022

Net Income

Down

-$45,272

Down $383,391 (-113%) from 2022

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 2015: $404,396Liabilities 2015: $287,645Net Assets 2015: $116,7512015Assets 2016: $322,644Liabilities 2016: $293,475Net Assets 2016: $29,1692016Assets 2018: $182,668Liabilities 2018: $142,343Net Assets 2018: $40,3252018Assets 2019: $238,781Liabilities 2019: $75,764Net Assets 2019: $163,0172019Assets 2020: $366,124Liabilities 2020: $188,947Net Assets 2020: $177,1772020Assets 2021: $757,585Liabilities 2021: $378,941Net Assets 2021: $378,6442021Assets 2022: $1,041,652Liabilities 2022: $130,774Net Assets 2022: $910,8782022Assets 2023: $1,033,198Liabilities 2023: $167,592Net Assets 2023: $865,6062023Assets 2024: $1,039,536Liabilities 2024: $146,995Net Assets 2024: $892,5412024

Highlighted filing

2023

Assets$1,033,198
Liabilities$167,592
Net Assets$865,606

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $2,586,164Expenses 2015: $2,933,678Net Income 2015: -$347,5142015Revenue 2016: $2,241,410Expenses 2016: $2,328,992Net Income 2016: -$87,5822016Revenue 2018: $1,151,353Expenses 2018: $1,471,517Net Income 2018: -$320,1642018Revenue 2019: $1,337,796Expenses 2019: $1,253,433Net Income 2019: $84,3632019Revenue 2020: $975,936Expenses 2020: $989,246Net Income 2020: -$13,3102020Revenue 2021: $1,038,135Expenses 2021: $839,403Net Income 2021: $198,7322021Revenue 2022: $1,722,998Expenses 2022: $1,384,879Net Income 2022: $338,1192022Revenue 2023: $1,589,148Expenses 2023: $1,634,420Net Income 2023: -$45,2722023Revenue 2024: $2,119,915Expenses 2024: $2,074,271Net Income 2024: $45,6442024

Highlighted filing

2023

Revenue$1,589,148
Expenses$1,634,420
Net Income-$45,272
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,728,360
Mission and Program Overview

Mission

To create and present exceptional art experiences that enrich our community. See schedule o for a more detailed description.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$525,000$549,077▲ $24,077
Land, Buildings, and Equipment, Net$97,830$194,528▲ $96,698
Cash and Non-Interest-Bearing Accounts$238,213$158,958▼ $79,255
Pledges and Grants Receivable$68,750$68,750→ $0
Accounts Receivable$23,427$25,476▲ $2,049
Prepaid Expenses and Deferred Charges$73,302$21,527▼ $51,775
Intangible Assets$13,630$13,382▼ $248
Total Assets$1,041,652$1,033,198▼ $8,454
Other Assets Total$1,500$1,500→ $0
Liabilities
Deferred Revenue$125,606$165,182▲ $39,576
Accounts Payable and Accrued Expenses$5,168$2,410▼ $2,758
Total Liabilities$130,774$167,592▲ $36,818
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$910,878$865,606▼ $45,272
Total Net Assets Fund Balance$910,878$865,606▼ $45,272
Total Liabilities and Net Assets / Fund Balance$1,041,652$1,033,198▼ $8,454

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$110,491$209,027$319,518
Leasehold Improvements$84,037$79,245$163,282
Other Assets Org$1,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marjorie WaldoExecutive Director and CEOFT$133,025$14,895$147,920

Board Members and Trustees

NameTitle
Ronnie DunayerChair
Dick LowenthalVice Chair
Chuck HalbergDirector
Harold Van ArnemDirector
Louise KornfeldDirector
Lynn FergusonDirector
Robin GreeneDirector
Susan OwensDirector
Mark BurnsSecretary
Jack VarsalonaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$681,761
Program Service Revenue
$834,075
Investment Income
$20,574
Other Revenue
$52,738
All Other Contributions
$215,460
Change in Net Assets
$-45,272

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,589,148
Revenue Not Reported on Form 990
$653,661
Total Revenue per Audited Statements
$2,242,809
Total Revenue per Form 990
$1,589,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$884,639
Salaries, Compensation, and Employee Benefits$749,781
Total Fundraising Expense$56,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$426,907$75,531$33,363$535,801
Fees for Services Other$435,454--$435,454
Current Officers, Directors, Trustees, and Key Employees$99,769$19,954$13,302$133,025
Fees for Services Accounting$5,852$61,120$365$67,337
Office Expenses$57,803$5,353$2,035$65,191
Payroll Taxes$40,109$8,017$3,554$51,680
Advertising$48,243--$48,243
All Other Expenses$27,801$6,836-$34,637
Insurance$26,628$3,849$1,110$31,587
Occupancy$21,603$7,145$275$29,023
Depreciation Depletion$27,679--$27,679
Other Employee Benefits$18,722$4,214$2,229$25,165
Travel$19,153$272-$19,425
Information Technology$10,566$697-$11,263
Other Expenses$5,596$1,606-$5,596
Pension Plan Contributions$4,110--$4,110
Conferences and Meetings-$2,788-$2,788
Total Functional Expenses$1,380,805$197,382$56,233$1,634,420

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,288,081
Expenses per Audited Statements$1,634,420
Total Expenses per Form 990$1,634,420
Expenses Not Reported on Form 990$653,661
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$76,856
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$82,717$82,717$76,856$5,861
Total Events$82,717$82,717$76,856$5,861
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 35% controlled entity
No
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
No
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

Committee meeting documentation Part VI line 8B

The executive committee of the board of directors consists of the chair, the vice chair, if any, the secretary, the treasurer, and other directors approved by a majority of the board of directors. The executive committee shall have and may exercise all of the powers of the board of directors in the management of the affairs of the corporation between meetings of the board of directors, and subject to the limitations imposed by the florida not-for-profit corporation act.

Form 990 governing body review Part VI line 11

Form 990, part vi, section b, line 11b:the form 990 is initally reviewed by the executive director and treasurer, then any necessary corrections are made. The form 990 is then sent to all board members for final review and approval prior to filing.

Conflict of interest policy compliance Part VI line 12C

Form 990, part vi, section b, line 12c:annually, each director, officer and member of a sub-committee with governing board delegated powers shall sign a statement with affirms such person, (a) has recieved a copy of the conflicts of interest policy, (b) has read and understands the policy, (c) agrees to comply with the policy, and (d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Further, in connection with any actual or possible conflict of interest and be given the opportuinity to disclose all material facts to the directors and members considering the proposed transaction or arrangement. Lastly, on a periodic basis a review is performed to ensure the written policies are being followed and that the organization is operating in a manner consistent with its charitable purposes and that it does not engage in any activity that could jeopardize its tax-exempt status.

CEO executive director top management comp Part VI line 15A

Compensation for the executive director or ceo and top management are approved by the board based on current market data after an in-depth review and analysis by the personnel committee. The comparability data is reviewed, analyzed and the decision is contemporaneously documented. This process was last undertaken during the fiscal year 9/30/2023.

Other officer or key employee compensation Part VI line 15B

The officer and key employee compensation is approved by the board based on current market data after an in-depth review and analysis by the board compensation committee. Comparability data is reviewed and analyzed and the decision is contemporaneously documented. This process was last undertaken during fiscal year 9/30/2023.

Governing documents etc available to public Part VI line 19

Form 990, part vi, section c, line 19:the organization makes its governing documents, conflict of interest policy, financial statements and tax returns available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Creative City Collaborative of Delray Beach Inc
EIN
26-3210202
Address
94 NE 2ND AVE, DELRAY BEACH, FL 33444
Doing Business As
Arts Garage

Signing Officer

Name
Marjorie Waldo
Title
Executive Direc
Phone
5616655857
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marjorie Waldo
Formed
2010
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
31
Volunteers
113

Preparer

Firm
Soles & Company PA
Address
400 Executive Ctr Dr Ste 203, West Palm Beach, FL 33401
Preparer
Angela Soles CPA
Phone
5614296625
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

The organizations oversight policy has not changed.

List of other fees for services expenses Part IX line 11G

Program service:artist fees = $401,254consulting = $ 34,200total = $435,454

General explanation attachment

Form 990, part iii, line 1, description of organization mission: to build and promote the cultural community that celebrates the south florida region as creative, authentic and intimate; strengthen the distinctive cultural and artistic brand; continue the revitalization and stabilization of the area through promotion of art and cultural activities and artistic institution; promote cultural tourism by enhancing the areas indentity as a community of culture and the arts -- one that is creative, authentic, and intimate; facilitate access to the arts for all ages, ethnicities, and physical abilities; and encourage and advocate for public and/or private funding and support for cultural growth in the area.

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

Fundraising expense--$76,856cost of concession --$62,356total---$139,212

Other expenses not included on Form 990 (Part XII, line 2D)

Fundraising expense--$76,856cost of concession --$62,356total---$139,212

Footnote for uncertain tax position under FIN 48 (Part X)

Creative city collective collaborative of delray beach, inc. (d/b/a arts garage) is a non-profit corporation which is exempt from federal income tax under section 501(c)3 of the internal revenue code and accordingly does not reflect a provision for income taxes in its audited financial statements or herein. Arts garage recognizes and measures tax positions based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based onthe facts, circumstances and information available at the end of each period. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non interest expense, respectively.

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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION - THE ORGANIZATION BRINGS A HIGH LEVEL OF PERFORMING ARTS EDUCATION TO THE REGION. OUR PROGRAM FILLS A CULTURAL ENRICHMENT GAP WHILE SUPPORTING THE VISION TO PROMOTE THE CULTURAL COMMUNITY OF SOUTH FLORIDA AND TO ENHANCE THE AREAS REPUTATION AS AN INTERNATIONAL CULTURAL DESTINATION FOR ARTISTS, STUDENTS AND LOVERS OF THE ARTS. WE ARE COMMITTED TO BRINGING MUSIC AND THEATRE EDUCATION TO THE AREA ALONG WITH COMMITTED PERFORMERS, MENTORS, EDUCATORS, AND ROLE MODELS, WHO ARE SETTING THE STAGE FOR INNOVATIVE PROGRAMMING.
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