Civic Intelligence

Studio Arts Boulder

990 • Fiscal year 2016 • EIN 27-0947724

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 22, 2017

1010 Aurora AvenueBoulder, CO 80302

(720) 379-6033

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

70th percentile

14%

Higher net margin than 70% 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

86th percentile

58%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

7.2%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$150,479

Up $55,106 (+58%) from 2015

Net Assets

Up

$142,185

Up $50,750 (+56%) from 2015

Liabilities

Up

$8,294

Up $4,356 (+111%) from 2015

Revenue

Up

$382,005

Up $25,823 (+7.2%) from 2015

Expenses

Up

$329,236

Up $26,433 (+8.7%) from 2015

Net Income

Down

$52,769

Down $610 (-1.1%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $95,373Liabilities 2015: $3,938Net Assets 2015: $91,4352015Assets 2016: $150,479Liabilities 2016: $8,294Net Assets 2016: $142,1852016Assets 2017: $152,803Liabilities 2017: $10,417Net Assets 2017: $142,3862017Assets 2018: $1,838,858Liabilities 2018: $11,958Net Assets 2018: $1,826,9002018Assets 2019: $2,062,093Liabilities 2019: $8,100Net Assets 2019: $2,053,9932019Assets 2020: $2,224,506Liabilities 2020: $15,587Net Assets 2020: $2,208,9192020Assets 2021: $3,831,022Liabilities 2021: $65,596Net Assets 2021: $3,765,4262021Assets 2022: $5,918,579Liabilities 2022: $356,639Net Assets 2022: $5,561,9402022Assets 2023: $9,416,976Liabilities 2023: $2,275,755Net Assets 2023: $7,141,2212023Assets 2024: $12,728,955Liabilities 2024: $5,461,793Net Assets 2024: $7,267,1622024

Highlighted filing

2016

Assets$150,479
Liabilities$8,294
Net Assets$142,185

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $356,182Expenses 2015: $302,803Net Income 2015: $53,3792015Revenue 2016: $382,005Expenses 2016: $329,236Net Income 2016: $52,7692016Revenue 2017: $444,278Expenses 2017: $446,676Net Income 2017: -$2,3982017Revenue 2018: $2,181,765Expenses 2018: $497,251Net Income 2018: $1,684,5142018Revenue 2019: $761,419Expenses 2019: $537,012Net Income 2019: $224,4072019Revenue 2020: $800,661Expenses 2020: $647,720Net Income 2020: $152,9412020Revenue 2021: $2,254,756Expenses 2021: $704,181Net Income 2021: $1,550,5752021Revenue 2022: $2,799,374Expenses 2022: $966,708Net Income 2022: $1,832,6662022Revenue 2023: $2,749,497Expenses 2023: $1,201,301Net Income 2023: $1,548,1962023Revenue 2024: $2,500,081Expenses 2024: $2,374,140Net Income 2024: $125,9412024

Highlighted filing

2016

Revenue$382,005
Expenses$329,236
Net Income$52,769
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 22, 2017
Return Version
2016v3.0
Gross Receipts
$455,838
Mission and Program Overview

Mission

Our mission is to cultivate the artist in each of us by inviting creative collaboration in the study, practice, and advancement of the studio arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$78,185$77,878▼ $307
Investments in Publicly Traded Securities-$57,982-
Land, Buildings, and Equipment, Net$17,188$14,619▼ $2,569
Total Assets$95,373$150,479▲ $55,106
Liabilities
Accounts Payable and Accrued Expenses-$8,294-
Other Liabilities$3,938--
Total Liabilities$3,938$8,294▲ $4,356
Net Assets / Fund Balance
Unrestricted Net Assets$91,435$132,285▲ $40,850
Temporarily Rstr Net Assets-$9,900-
Total Net Assets Fund Balance$91,435$142,185▲ $50,750
Total Liabilities and Net Assets / Fund Balance$95,373$150,479▲ $55,106

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,619$5,916$20,535
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bob CrifasiPresident
Christy GunterBoard Member
Marc MilavitzBoard Member
Paul HeffronBoard Member
Renate MairieBoard Member
Rendl ClarkBoard Member
Tamara LaymanSecretary
Kari PalazzariTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$185,676
Program Service Revenue
$224,232
Investment Income
$68
Other Revenue
$-27,971
All Other Contributions
$58,276
Change in Net Assets
$52,769

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table12$42,000Fair Market Value (FMV)
Other Non Cash Contri Table912$22,075Fair Market Value (FMV)
Other Non Cash Contri Table180$21,698Fair Market Value (FMV)
Total Noncash Contributions1,104$85,773-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$202,713
Other Expenses$126,523
Total Fundraising Expense$4,118
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$176,826--$176,826
Occupancy$62,397--$62,397
Payroll Taxes$19,950--$19,950
Office Expenses$4,455$1,515$444$6,414
All Other Expenses$6,002--$6,002
Other Employee Benefits$5,937--$5,937
Depreciation Depletion$5,145--$5,145
Insurance$3,415$699-$4,114
Fees for Services Other$3,681--$3,681
Other Expenses$1,709$157$3,224$3,224
Advertising$2,147$573$300$3,020
Fees for Services Accounting$651$674-$1,325
Fees for Services Legal-$310-$310
Interest$34--$34
Total Functional Expenses$321,183$3,935$4,118$329,236
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$73,833
Fundraising Gross Income$45,862
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser-auction$33,203$22,803$27,525$-4,722
Street Fair$17,147$17,147$34,119$-16,972
Total Events$56,262$45,862$73,833$-27,971
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Sales Tax Payable-
Credit Card Balance Payable-
Deferred Revenue-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

The treasurer, who works directly with the return preparer, received a pdf copy of the return and sends this copy, via email, to each board member. Each board member is asked to reply with their approval.

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

Board members are required to discolse any potential conflict of interest if they arise. To date none have arisen.

Form 990, Part VI, Section B, Line 15B

The organization uses the Colorado Nonprofit Associations Salary Survey report to help them determine the compensation for officers and key employees. It focuses on data from organizations similar in size, location, and sector.

Form 990, Part IV, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, Bylaws and Form 990 available to the public on its website. The orgainzation makes its financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Studio Arts Boulder
EIN
27-0947724
Phone
7203796033
Address
1010 AURORA AVENUE, BOULDER, CO 80302

Signing Officer

Name
Kari Palazzari
Title
Treasurer
Signed
2017-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kari Palazzari
Formed
2009
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
20
Volunteers
150

Preparer

Firm
Joseph E Moore CPA Pc
Address
1221 PEARL ST, BOULDER, CO 80302
Preparer
Joseph E Moore
Phone
3034403312
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0122433
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt097250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0315
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0219998
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt042000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt042000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt084000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt092
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0224232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0202236
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0426468
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt092
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0730466
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0388665
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0341486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0315
IRS990ScheduleA/Total509Grp/TotalAmt0730466
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0388733
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0341503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0322
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0730558
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt014619
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05916
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020535
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD BALANCE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED REVENUE
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014619
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010400
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt073833
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt02544
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02944
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISER-AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0STREET FAIR
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0380
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt02024
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02404
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033203
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017147
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05912
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt056262
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022803
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017147
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt05912
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045862
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-27971
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04141
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt065785
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt027525
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt034119
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02700
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02700
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt012
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt1912
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt2180
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0COMMERCIAL RENTAL SPACE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1POTTERY
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2AUCTION ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt042000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt122075
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt221698
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER, WHO WORKS DIRECTLY WITH THE RETURN PREPARER, RECEIVED A PDF COPY OF THE RETURN AND SENDS THIS COPY, VIA EMAIL, TO EACH BOARD MEMBER. EACH BOARD MEMBER IS ASKED TO REPLY WITH THEIR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCOLSE ANY POTENTIAL CONFLICT OF INTEREST IF THEY ARISE. TO DATE NONE HAVE ARISEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization uses the Colorado Nonprofit Associations Salary Survey report to help them determine the compensation for officers and key employees. It focuses on data from organizations similar in size, location, and sector.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, Bylaws and Form 990 available to the public on its website. The orgainzation makes its financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IV, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt09900
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt095373
IRS990/TotalAssetsEOYAmt0150479
IRS990/TotalAssetsGrp/BOYAmt095373
IRS990/TotalAssetsGrp/EOYAmt0150479
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0185676
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04118

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Peer Organizations

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