Civic Intelligence

Northampton Community Arts Trust Inc

990 • Fiscal year 2015 • EIN 27-2576586

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 30, 2015

33 Hawley StreetNorthampton, MA 01060

(413) 559-9155

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

40th percentile

0.07x

Higher debt load relative to revenue than 40% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

76th percentile

12%

Faster asset growth than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-81%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,061,683

Up $226,704 (+12%) from 2014

Net Assets

Up

$2,038,592

Up $237,304 (+13%) from 2014

Liabilities

Down

$23,091

Down $10,600 (-31%) from 2014

Revenue

Down

$346,828

Down $1,459,450 (-81%) from 2014

Expenses

Up

$110,790

Up $97,021 (+705%) from 2014

Net Income

Down

$236,038

Down $1,556,471 (-87%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $1,834,979Liabilities 2014: $33,691Net Assets 2014: $1,801,2882014Assets 2015: $2,061,683Liabilities 2015: $23,091Net Assets 2015: $2,038,5922015Assets 2016: $3,780,652Liabilities 2016: $1,218,000Net Assets 2016: $2,562,6522016Assets 2017: $5,019,031Liabilities 2017: $963,348Net Assets 2017: $4,055,6832017Assets 2018: $5,728,387Liabilities 2018: $765,900Net Assets 2018: $4,962,4872018Assets 2020: $5,859,763Liabilities 2020: $50,165Net Assets 2020: $5,809,5982020Assets 2021: $6,265,311Liabilities 2021: $159,608Net Assets 2021: $6,105,7032021Assets 2022: $6,448,796Liabilities 2022: $34,022Net Assets 2022: $6,414,7742022Assets 2023: $7,489,446Liabilities 2023: $447,694Net Assets 2023: $7,041,7522023Assets 2024: $8,646,207Liabilities 2024: $237,278Net Assets 2024: $8,408,9292024Assets 2025: $8,451,903Liabilities 2025: $53,077Net Assets 2025: $8,398,8262025

Highlighted filing

2015

Assets$2,061,683
Liabilities$23,091
Net Assets$2,038,592

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,806,278Expenses 2014: $13,769Net Income 2014: $1,792,5092014Revenue 2015: $346,828Expenses 2015: $110,790Net Income 2015: $236,0382015Revenue 2016: $617,657Expenses 2016: $92,332Net Income 2016: $525,3252016Revenue 2017: $1,599,320Expenses 2017: $106,289Net Income 2017: $1,493,0312017Revenue 2018: $1,014,841Expenses 2018: $108,037Net Income 2018: $906,8042018Revenue 2020: $1,080,002Expenses 2020: $352,353Net Income 2020: $727,6492020Revenue 2021: $586,644Expenses 2021: $290,539Net Income 2021: $296,1052021Revenue 2022: $588,533Expenses 2022: $279,462Net Income 2022: $309,0712022Revenue 2023: $1,003,734Expenses 2023: $376,756Net Income 2023: $626,9782023Revenue 2024: $1,800,875Expenses 2024: $433,698Net Income 2024: $1,367,1772024Revenue 2025: $397,339Expenses 2025: $466,960Net Income 2025: -$69,6212025

Highlighted filing

2015

Revenue$346,828
Expenses$110,790
Net Income$236,038
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 30, 2015
Return Version
2014v5.0
Gross Receipts
$346,828
Mission and Program Overview

Mission

Protecting, insuring and providing the long term vitality of the greater northampton community through the creation and conservation of arts spaces, particularly in downtown northampton ma.

The mission of the northampton community arts trust, inc is to protect and insure the long term vitality of the greater northampton community through the creation and conservation of arts spaces, particularly in downtown northampton, ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,801,288$2,038,592▲ $237,304
Land, Buildings, and Equipment, Net$1,556,349$1,701,221▲ $144,872
Cash and Non-Interest-Bearing Accounts$232,179$347,886▲ $115,707
Prepaid Expenses and Deferred Charges$36,435$7,611▼ $28,824
Savings and Temporary Cash Investments$1,626$2,573▲ $947
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,834,979$2,061,683▲ $226,704
Other Assets Total$8,390$2,392▼ $5,998
Liabilities
Accounts Payable and Accrued Expenses$33,691$23,091▼ $10,600
Total Liabilities$33,691$23,091▼ $10,600
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,801,288$2,038,592▲ $237,304
Total Liabilities and Net Assets / Fund Balance$1,834,979$2,061,683▲ $226,704

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,098,428$50,319$1,148,747
Land$373,781-$373,781
Other Land Buildings$227,932-$227,932
Leasehold Improvements$1,080$120$1,200
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard WagnerPresident
Dorothy NemetzDirector
Ginny MayerDirector
Gordon ThorneDirector
Kathy CouchDirector
Robert CilmanDirector
Stephen PetegorskyDirector
Lisa ThompsonClerk
Peter WhalenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$325,747
Program Service Revenue
$21,007
Investment Income
$74
Other Revenue
$0
All Other Contributions
$145,747
Change in Net Assets
$236,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$346,828
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,268
Total Revenue per Audited Statements
$348,096
Total Revenue per Form 990
$346,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,324
Professional Fundraising Fees$33,466
Total Fundraising Expense$33,466
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$33,466$33,466
Depreciation Depletion$29,535--$29,535
Insurance$11,301$946-$12,247
Fees for Services Accounting-$3,975-$3,975
Office Expenses$623--$623
Other Expenses$13,251$531-$531
All Other Expenses-$34-$34
Total Functional Expenses$70,578$6,746$33,466$110,790

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$110,790
Total Expenses per Audited Statements$110,790
Total Expenses per Form 990$110,790
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$33,466
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by Officer/board MemberInsurance PremiumsNo$12,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the board president and treasurer proir to filing.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Northampton Community Arts Trust Inc
EIN
27-2576586
Phone
4135599155
Address
33 HAWLEY STREET, NORTHAMPTON, MA 01060

Signing Officer

Name
Peter Whalen
Title
Treasurer
Phone
4135599155
Signed
2015-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Whalen
Formed
2010
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Romano Pascucci & Co Pc
Address
78 MAIN ST, NORTHAMPTON, MA 01060
Preparer
David E Pascucci
Phone
4135860990
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. Thererfore, there is no provision for income taxes in the financial statements. There is no material financial statement impact resulting from income tax return positions as defined by fasb asc 740-10-25-5. The organization filed federal not for profit tax returns. The returns are open for examination for the years 2013 and 2014.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0106
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt021007
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt018293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt039300
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0106
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0354581
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt054375
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01801765
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01856140
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0346754
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01857922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05995
IRS990ScheduleA/Total509Grp/TotalAmt02210721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0346828
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01857954
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05995
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02210827
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01098428
IRS990ScheduleD/BuildingsGrp/DepreciationAmt050319
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01148747
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0110790
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0373781
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0373781
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01080
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0120
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01200
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01268
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0227932
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0227932
IRS990ScheduleD/RevenueNotReportedAmt01268
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0346828
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERERFORE, THERE IS NO PROVISION FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. THERE IS NO MATERIAL FINANCIAL STATEMENT IMPACT RESULTING FROM INCOME TAX RETURN POSITIONS AS DEFINED BY FASB ASC 740-10-25-5. THE ORGANIZATION FILED FEDERAL NOT FOR PROFIT TAX RETURNS. THE RETURNS ARE OPEN FOR EXAMINATION FOR THE YEARS 2013 AND 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01701221
IRS990ScheduleD/TotalExpensesPerForm990Amt0110790
IRS990ScheduleD/TotalRevenuePerForm990Amt0346828
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0348096
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0110790
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0BUILDING CAMPAIGN
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0262000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0228534
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0AUGUST FUNDRAISING STRATEGIES
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt033466
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt07 NORTH PLEASANT ST STE 2E
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0AMHERST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd001002
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0262000
IRS990ScheduleG/TotalNetToOrganizationAmt0228534
IRS990ScheduleG/TotalRetainedByContractorsAmt033466
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0WHALEN INSURANCE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY OFFICER/BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012733
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INSURANCE PREMIUMS
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BOARD PRESIDENT AND TREASURER PROIR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01834979
IRS990/TotalAssetsEOYAmt02061683
IRS990/TotalAssetsGrp/BOYAmt01834979
IRS990/TotalAssetsGrp/EOYAmt02061683
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0325747
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt033466
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06746
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070578
IRS990/TotalFunctionalExpensesGrp/TotalAmt0110790
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt033691
IRS990/TotalLiabilitiesEOYAmt023091
IRS990/TotalLiabilitiesGrp/BOYAmt033691
IRS990/TotalLiabilitiesGrp/EOYAmt023091
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01801288
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02038592
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt070578
IRS990/TotalProgramServiceRevenueAmt021007
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt074
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021007
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0346828
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01834979
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02061683
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 HAWLEY ST
IRS990/USAddress/CityNm0NORTHAMPTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001060
IRS990/VotingMembersGoverningBodyCnt010

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