Civic Intelligence

Northampton Community Arts Trust Inc

990 • Fiscal year 2016 • EIN 27-2576586

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 17, 2017

PO Box 366Northampton, MA 01061

(413) 559-9155

Siviq Scores

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

Liabilities / Assets

71st percentile

0.32x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

1.97x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

95th percentile

83%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

78%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$3,780,652

Up $1,718,969 (+83%) from 2015

Net Assets

Up

$2,562,652

Up $524,060 (+26%) from 2015

Liabilities

Up

$1,218,000

Up $1,194,909 (+5175%) from 2015

Revenue

Up

$617,657

Up $270,829 (+78%) from 2015

Expenses

Down

$92,332

Down $18,458 (-17%) from 2015

Net Income

Up

$525,325

Up $289,287 (+123%) from 2015

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

2016

Assets$3,780,652
Liabilities$1,218,000
Net Assets$2,562,652

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

2016

Revenue$617,657
Expenses$92,332
Net Income$525,325
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 17, 2017
Return Version
2015v3.0
Gross Receipts
$638,508
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
Land, Buildings, and Equipment, Net$1,701,221$3,307,007▲ $1,605,786
Loans From Officers Directors-$1,200,000-
Cash and Non-Interest-Bearing Accounts$347,886$314,106▼ $33,780
Pledges and Grants Receivable-$154,794-
Prepaid Expenses and Deferred Charges$7,611$4,745▼ $2,866
Savings and Temporary Cash Investments$2,573--
Total Assets$2,061,683$3,780,652▲ $1,718,969
Other Assets Total$2,392$0▼ $2,392
Liabilities
Accounts Payable and Accrued Expenses$23,091$18,000▼ $5,091
Total Liabilities$23,091$1,218,000▲ $1,194,909
Net Assets / Fund Balance
Unrestricted Net Assets$2,037,989$2,562,652▲ $524,663
Temporarily Rstr Net Assets$603$0▼ $603
Total Net Assets Fund Balance$2,038,592$2,562,652▲ $524,060
Total Liabilities and Net Assets / Fund Balance$2,061,683$3,780,652▲ $1,718,969

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,863,252-$1,863,252
Buildings$1,069,974$79,974$1,149,948
Land$373,781-$373,781
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$614,880
Program Service Revenue
$0
Investment Income
$1,797
Other Revenue
$980
All Other Contributions
$614,880
Change in Net Assets
$525,325

Audited Revenue Reconciliation

Revenue per Audited Statements
$617,657
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,267
Total Revenue per Audited Statements
$616,390
Total Revenue per Form 990
$617,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$29,535--$29,535
Interest$18,000--$18,000
Insurance$16,986--$16,986
Fees for Services Accounting-$10,233-$10,233
Office Expenses$3,024--$3,024
Other Expenses$3,963$460-$460
All Other Expenses-$194-$194
Total Functional Expenses$80,245$12,087$0$92,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$92,332
Total Expenses per Audited Statements$92,332
Total Expenses per Form 990$92,332
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
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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$16,986

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$1,200,000-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
PO BOX 366, NORTHAMPTON, MA 01061

Signing Officer

Name
Peter Whalen
Title
Treasurer
Phone
4135599155
Signed
2017-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Whalen
Formed
2010
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Pascucci Teixeira & 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02741806
IRS990ScheduleA/TotalSupportAmt02742444
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/BookValueAmt01069974
IRS990ScheduleD/BuildingsGrp/DepreciationAmt079974
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01149948
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt092332
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0373781
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0373781
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1267
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01863252
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01863252
IRS990ScheduleD/RevenueNotReportedAmt0-1267
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0617657
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/TotalBookValueLandBuildingsAmt03307007
IRS990ScheduleD/TotalExpensesPerForm990Amt092332
IRS990ScheduleD/TotalRevenuePerForm990Amt0617657
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0616390
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt092332
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0WHALEN INSURANCE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY OFFICER/BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt016986
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INSURANCE PREMIUMS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0RENOVATIONS TO ARTS SPACE LOCATED AT 33 HAWLEY ST NORTHAMPTON MA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0AVAILABLE POTENTIAL ENTERPRISES LTD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT OF INTERESTED PARTY IS ON ORGANIZATION'S BOARD OF DIRECTORS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt01200000
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/TemporarilyRstrNetAssetsGrp/BOYAmt0603
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02061683
IRS990/TotalAssetsEOYAmt03780652
IRS990/TotalAssetsGrp/BOYAmt02061683
IRS990/TotalAssetsGrp/EOYAmt03780652
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0614880
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012087
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt080245
IRS990/TotalFunctionalExpensesGrp/TotalAmt092332
IRS990/TotalGrossUBIAmt0980
IRS990/TotalLiabilitiesBOYAmt023091
IRS990/TotalLiabilitiesEOYAmt01218000
IRS990/TotalLiabilitiesGrp/BOYAmt023091
IRS990/TotalLiabilitiesGrp/EOYAmt01218000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02038592
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02562652
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt080245
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01797
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0617657
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0980
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02061683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03780652
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02037989
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02562652
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 HAWLEY ST
IRS990/USAddress/CityNm0NORTHAMPTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001060
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NORTHAMPTONARTSTRUST.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER WHALEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04135599155
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHAMPTON COMMUNITY ARTS TRUST INC
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0272576586
ReturnHeader/Filer/PhoneNum04135599155
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 366
ReturnHeader/Filer/USAddress/CityNm0NORTHAMPTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001061
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042944648
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PASCUCCI TEIXEIRA & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt078 MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTHAMPTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001060
ReturnHeader/PreparerPersonGrp/PhoneNum04135860990
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID E PASCUCCI
ReturnHeader/ReturnTs02017-02-21T08:55:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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