Civic Intelligence

Verde Valley Archaeology Center

990 • Fiscal year 2023 • EIN 27-3436708

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 28, 2024

460 West Finnie Flat RoadCamp Verde, AZ 86322

(928) 567-0066

Siviq Scores

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

Liabilities / Assets

78th percentile

0.36x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

2.42x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

48th percentile

3.0%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

63rd percentile

$90,000

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 21.1% of source-year revenue.

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

Asset Growth

28th percentile

-2.5%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

29th percentile

-6.5%

Faster revenue growth than 29% of similar nonprofits.

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

Assets

Down

$2,841,796

Down $74,336 (-2.5%) from 2022

Net Assets

Down

$1,808,217

Down $83,565 (-4.4%) from 2022

Liabilities

Up

$1,033,579

Up $9,229 (+0.9%) from 2022

Revenue

Down

$426,652

Down $29,781 (-6.5%) from 2022

Expenses

Down

$413,646

Down $187,000 (-31%) from 2022

Net Income

Up

$13,006

Up $157,219 (+109%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $1,491,148Liabilities 2016: $283,130Net Assets 2016: $1,208,0182016Assets 2017: $1,655,801Liabilities 2017: $295,593Net Assets 2017: $1,360,2082017Assets 2018: $1,670,101Liabilities 2018: $295,076Net Assets 2018: $1,375,0252018Assets 2019: $1,684,302Liabilities 2019: $300,215Net Assets 2019: $1,384,0872019Assets 2020: $1,649,462Liabilities 2020: $264,691Net Assets 2020: $1,384,7712020Assets 2021: $2,655,172Liabilities 2021: $622,944Net Assets 2021: $2,032,2282021Assets 2022: $2,916,132Liabilities 2022: $1,024,350Net Assets 2022: $1,891,7822022Assets 2023: $2,841,796Liabilities 2023: $1,033,579Net Assets 2023: $1,808,2172023Assets 2024: $2,850,750Liabilities 2024: $979,763Net Assets 2024: $1,870,9872024Assets 2025: $2,785,355Liabilities 2025: $958,432Net Assets 2025: $1,826,9232025

Highlighted filing

2023

Assets$2,841,796
Liabilities$1,033,579
Net Assets$1,808,217

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $236,880Expenses 2016: $141,546Net Income 2016: $95,3342016Revenue 2017: $213,147Expenses 2017: $134,628Net Income 2017: $78,5192017Revenue 2018: $241,974Expenses 2018: $227,157Net Income 2018: $14,8172018Revenue 2019: $234,424Expenses 2019: $214,890Net Income 2019: $19,5342019Revenue 2020: $220,329Expenses 2020: $219,645Net Income 2020: $6842020Revenue 2021: $865,307Expenses 2021: $217,697Net Income 2021: $647,6102021Revenue 2022: $456,433Expenses 2022: $600,646Net Income 2022: -$144,2132022Revenue 2023: $426,652Expenses 2023: $413,646Net Income 2023: $13,0062023Revenue 2024: $437,611Expenses 2024: $383,282Net Income 2024: $54,3292024Revenue 2025: $372,921Expenses 2025: $430,184Net Income 2025: -$57,2632025

Highlighted filing

2023

Revenue$426,652
Expenses$413,646
Net Income$13,006
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 28, 2024
Return Version
2022v5.0
Gross Receipts
$444,466
Mission and Program Overview

Mission

To preserve archaeological sites and collections; to curate collections locally and make them available for research; to develop partnerships with Native American and other cultural groups; to educate the public on the cultural heritage of the area.

The organization's mission is to preserve archaeological sites and collections, to curate the collections locally, and to make them available for research and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,820,731$2,750,104▼ $70,627
Savings and Temporary Cash Investments$32,758$58,220▲ $25,462
Cash and Non-Interest-Bearing Accounts$29,471$20,507▼ $8,964
Accounts Receivable$17,541$0▼ $17,541
Inventories for Sale or Use$10,957$9,951▼ $1,006
Prepaid Expenses and Deferred Charges$3,113$1,453▼ $1,660
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Loans From Officers Directors$0$0→ $0
Total Assets$2,916,132$2,841,796▼ $74,336
Other Assets Total$1,561$1,561→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$993,000$989,820▼ $3,180
Accounts Payable and Accrued Expenses$31,350$43,759▲ $12,409
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,024,350$1,033,579▲ $9,229
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,779,086$1,703,045▼ $76,041
Net Assets With Donor Restrictions$112,696$105,172▼ $7,524
Total Net Assets Fund Balance$1,891,782$1,808,217▼ $83,565
Total Liabilities and Net Assets / Fund Balance$2,916,132$2,841,796▼ $74,336

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$730,774$0$142,066
Other Land Buildings$-199,736$235,175$34,347
Buildings$1,250,000$0$0
Land$825,528-$0
Equipment$143,538$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$32,758$0▲ $3,452$0$36,246
2021$24,798$16,695▼ $7,985$0$32,758
2020$6,880$18,120▼ $202$0$24,798
2019$6,895$0→ $0$0$6,880
2018$6,895$0→ $0$0$6,895
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monica BuckleExecutive DirectorFT$90,000$90,000

Board Members and Trustees

NameTitle
Ed GoodwinPresident
Richard WilliamsVice-president
George SerrillDirector
James KemperDirector
Kathryn TurneyDirector
Sheri HauserDirector
Vivian SaywardDirector
Jon PetrescuSecretary
Kenneth ZollTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$354,548
Program Service Revenue
$35,391
Investment Income
$0
Other Revenue
$36,713
All Other Contributions
$271,703
Change in Net Assets
$13,006

Noncash Contribution Practices

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

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$213,997
Other Expenses$199,649
Total Fundraising Expense$62,030
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$97,286$48,643$48,642$194,571
Depreciation Depletion-$90,830-$90,830
Information Technology$19,690$3,147-$22,837
All Other Expenses$5,618$10,600$4,315$20,533
Payroll Taxes$9,713$4,857$4,856$19,426
Office Expenses$15,546$1,844$217$17,607
Occupancy$14,661$2,071-$16,732
Insurance$14,658$1,427-$16,085
Advertising$2,696$317$3,873$6,886
Interest$4,438$744-$5,182
Travel$2,734$96$127$2,957
Total Functional Expenses$187,040$164,576$62,030$413,646
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,393
Fundraising Direct Expenses$8,750
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Three other events$10,466$10,466$4,384$6,082
Fall Event$9,927$9,927$4,366$5,561
Total Events$20,393$20,393$8,750$11,643
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$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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
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 A, Line 6

The institution has memberships available for individuals, families and businesses. Members can vote at the annual meeting but otherwise does not have any oversight. Members may receive discounts to events, classes or lectures.

Form 990, Part VI, Section A, Line 7A

The membership votes on members to the Board of Directors at the annual meeting.

Form 990, Part VI, Section B, Line 11B

The draft completed form is sent to each Board Member to review and approve before it is filed.

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

Each Board Members must complete a conflict of interest form with appropriate questions at the beginning of each fiscal year.

Form 990, Part VI, Section B, Line 15

The Board of Directors reviews comparable compensation of the Executive Director at other nonprofits within the State of Arizona and, more specifically, within the Sedona/Verde Valley area. NO officer is compensated in any way.

Form 990, Part VI, Section C, Line 19

All of the organizations policies, such as Conflict of Interest, Whistleblower, etc., are provided on our website under the About/Governance tab of the website.

Filing and Contact Details

Filer

Filer Name
Verde Valley Archaeology Center
EIN
27-3436708
Phone
9285670066
Address
460 West Finnie Flat Road, Camp Verde, AZ 86322

Signing Officer

Name
Kenneth Zoll
Title
Treasurer
Phone
9285930364
Signed
2024-01-28

Organization Details

Principal Officer
Ed Goodwin
Formed
2010
Legal Domicile
Az
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
30
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Depreciation and amortization

Financial Statement Notes

Schedule D, Part III, Line 1

The organization does not place a value on donated artifacts or works of art since they are for curation and not potential sale or use as assets.

Schedule D, Part III, Line 4

The vast majority of collection items are archaeological artifacts from the geographic area of the Center. A few pieces of art, namely paintings, have been donated for curation and preservation. Artifacts are periodically used in educational displays as are works of art.

Schedule D, Part V, Line 4

The endowment funds are held to accumulate to eventually have the interest cover annual operating expenses.

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IRS990/InsuranceGrp/ManagementAndGeneralAmt01427
IRS990/InsuranceGrp/ProgramServicesAmt014658
IRS990/InsuranceGrp/TotalAmt016085
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0744
IRS990/InterestGrp/ProgramServicesAmt04438
IRS990/InterestGrp/TotalAmt05182
IRS990/InventoriesForSaleOrUseGrp/BOYAmt010957
IRS990/InventoriesForSaleOrUseGrp/EOYAmt09951
IRS990/InvestmentExpenseAmt0-350
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt02750104
IRS990/LandBldgEquipCostOrOtherBssAmt02985279
IRS990/LegalDomicileStateCd0AZ
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt022882
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
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IRS990/MissionDesc0To preserve archaeological sites and collections; to curate collections locally and make them available for research; to develop partnerships with Native American and other cultural groups; to educate the public on the cultural heritage of the area.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0993000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0989820
IRS990/NetAssetsOrFundBalancesBOYAmt01891782
IRS990/NetAssetsOrFundBalancesEOYAmt01808217
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
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IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011643
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011643
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
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IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
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IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt012360
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt012360
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0210
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-8303
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01779086
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01703045
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03280
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02071
IRS990/OccupancyGrp/ProgramServicesAmt014661
IRS990/OccupancyGrp/TotalAmt016732
IRS990/OfficeExpensesGrp/FundraisingAmt0217
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01844
IRS990/OfficeExpensesGrp/ProgramServicesAmt015546
IRS990/OfficeExpensesGrp/TotalAmt017607
IRS990/OfficerMailingAddressInd00
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IRS990/OtherAssetsTotalGrp/BOYAmt01561
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IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt04856
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IRS990/PayrollTaxesGrp/ProgramServicesAmt09713
IRS990/PayrollTaxesGrp/TotalAmt019426
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03113
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01453
IRS990/PrincipalOfficerNm0Ed Goodwin
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Center maintains a variety of museum exhibits of archaeological artifacts.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0130928
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011580
IRS990/ProgSrvcAccomActy3Grp/Desc0The Center hosts Native Americans for the purpose of demonstrations. A fund was established to cover their costs of travel, accommodations and honoratiums.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt018704
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt08500
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0407288
IRS990/PYOtherRevenueAmt046818
IRS990/PYProgramServiceRevenueAmt079742
IRS990/PYRevenuesLessExpensesAmt0-144213
IRS990/PYSalariesCompEmpBnftPaidAmt0193358
IRS990/PYTotalExpensesAmt0600646
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0456433
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt013006
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt032758
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058220
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Endowment income, refunds
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0435716
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0329873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0836234

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