Civic Intelligence

Artstart Inc.

990 • Fiscal year 2023 • EIN 27-4491029

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

68 S Stevens StRhinelander, WI 54501

(715) 362-4328

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.06x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.10x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

80th percentile

28%

Faster asset growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

72%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$554,838

Up $120,858 (+28%) from 2022

Net Assets

Up

$521,980

Up $91,599 (+21%) from 2022

Liabilities

Up

$32,858

Up $29,259 (+813%) from 2022

Revenue

Up

$330,485

Up $138,871 (+72%) from 2022

Expenses

Up

$253,062

Up $13,020 (+5.4%) from 2022

Net Income

Up

$77,423

Up $125,851 (+260%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $67,045Liabilities 2012: $103Net Assets 2012: $66,9422012Assets 2013: $121,080Liabilities 2013: $8,346Net Assets 2013: $112,7342013Assets 2014: $129,205Liabilities 2014: $6,002Net Assets 2014: $123,2032014Assets 2015: $149,536Liabilities 2015: $19,995Net Assets 2015: $129,5412015Assets 2016: $200,753Liabilities 2016: $12,785Net Assets 2016: $187,9682016Assets 2019: $335,113Liabilities 2019: $9,220Net Assets 2019: $325,8932019Assets 2020: $376,892Liabilities 2020: $7,142Net Assets 2020: $369,7502020Assets 2021: $488,089Liabilities 2021: $5,976Net Assets 2021: $482,1132021Assets 2022: $433,980Liabilities 2022: $3,599Net Assets 2022: $430,3812022Assets 2023: $554,838Liabilities 2023: $32,858Net Assets 2023: $521,9802023Assets 2024: $614,568Liabilities 2024: $4,578Net Assets 2024: $609,9902024

Highlighted filing

2023

Assets$554,838
Liabilities$32,858
Net Assets$521,980

Operations Trend

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

$400K$200K$0-$200KExpenses 2012: $27,6132012Revenue 2013: $85,902Expenses 2013: $40,110Net Income 2013: $45,7922013Revenue 2014: $74,174Expenses 2014: $63,705Net Income 2014: $10,4692014Revenue 2015: $113,657Expenses 2015: $107,319Net Income 2015: $6,3382015Revenue 2016: $171,413Expenses 2016: $112,986Net Income 2016: $58,4272016Revenue 2019: $193,186Expenses 2019: $186,065Net Income 2019: $7,1212019Revenue 2020: $197,066Expenses 2020: $161,192Net Income 2020: $35,8742020Revenue 2021: $298,013Expenses 2021: $192,833Net Income 2021: $105,1802021Revenue 2022: $191,614Expenses 2022: $240,042Net Income 2022: -$48,4282022Revenue 2023: $330,485Expenses 2023: $253,062Net Income 2023: $77,4232023Revenue 2024: $367,051Expenses 2024: $292,957Net Income 2024: $74,0942024

Highlighted filing

2023

Revenue$330,485
Expenses$253,062
Net Income$77,423
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$350,285
Mission and Program Overview

Mission

It shall be the purpose of artstart, inc to receive, maintain and apply funds to benefit the sustaining of an arts and culture center in northern wisconsin

To inspire, challenge and educate through cultural events & highly distinctive, curated visual art exhibitions with the purpose of strengthening & sustaining the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$141,782$221,805▲ $80,023
Cash and Non-Interest-Bearing Accounts$94,467$141,707▲ $47,240
Savings and Temporary Cash Investments$104,300$115,672▲ $11,372
Investments in Publicly Traded Securities$90,124$74,659▼ $15,465
Accounts Receivable$2,463--
Prepaid Expenses and Deferred Charges$844$995▲ $151
Total Assets$433,980$554,838▲ $120,858
Liabilities
Accounts Payable and Accrued Expenses$3,599$32,858▲ $29,259
Total Liabilities$3,599$32,858▲ $29,259
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$333,796$420,211▲ $86,415
Net Assets With Donor Restrictions$96,585$101,769▲ $5,184
Total Net Assets Fund Balance$430,381$521,980▲ $91,599
Total Liabilities and Net Assets / Fund Balance$433,980$554,838▲ $120,858

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$221,805$62,615$284,420

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$75,433-▲ $5,184-$80,066
2022$85,946-▼ $9,432-$75,433
2021$77,592-▲ $8,353-$85,945
2020$73,090-▲ $7,694-$77,592
2019$60,864$12,226--$70,415
Compensation and Service Providers

Board Members and Trustees

NameTitle
Susanne BessertPresident
Tara VandenbergVice President
Brenda PeltierDirector
Craig ZarleyDirector
Diana HarrisDirector
Jenny BonardelliDirector
Michael TautgesDirector
Scott KirbyDirector
Jon KochSecretary
Ken JuonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$322,408
Program Service Revenue
$745
Investment Income
$14
Other Revenue
$7,318
All Other Contributions
$110,367
Change in Net Assets
$77,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$133,449
Other Expenses$119,613
Total Fundraising Expense$40,878
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$42,961$46,888$30,748$120,597
Other Expenses$56,269$845-$57,114
Office Expenses$7,103$5,102$4,068$16,273
Occupancy$9,261$3,087-$12,348
Payroll Taxes$3,290$3,589$2,355$9,234
Fees for Services Other$7,145--$7,145
Depreciation Depletion$5,983--$5,983
Advertising$2,784-$2,785$5,569
Travel$2,314$2,313-$4,627
Pension Plan Contributions$1,289$1,407$922$3,618
Insurance$1,556$1,154-$2,710
Fees for Services Accounting-$2,475-$2,475
Conferences and Meetings-$557-$557
Total Functional Expenses$144,767$67,417$40,878$253,062
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,571
Fundraising Direct Expenses$8,545
Professional Fundraising Fees$0
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
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Part vi line 11b - the finance committee reviews the form 990 and provides it to the entire board for review prior to filing.

Other officer or key employee compensation Part VI line 15B

Part vi line 15b - compensation of key employees is approved by the entire board

Governing documents etc available to public Part VI line 19

Part vi line 19 - governing documents disclosure explanation available on request.

Filing and Contact Details

Filer

Filer Name
Artstart Inc
EIN
27-4491029
Address
68 S STEVENS ST, RHINELANDER, WI 54501

Signing Officer

Name
Susan Bessert
Title
President
Phone
7153624328
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susanne Bessert
Formed
2011
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
15

Preparer

Firm
Aats LLC
Address
14 E Davenport St, Rhinelander, WI 54501
Preparer
Kim M Haenel
Phone
7153651881
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Part ix line 24e - total program mgmt fundraisingprogram expenses $17606 17606 0 0film club $911 911 0 0shipping $4611 4611 0 0expenses to rental -$8003 -8003 0 0state taxes $134 134 0 0federal taxes $357 357 0 0total other expenses $9377 9377 0 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI LINE 11B - THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND PROVIDES IT TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI LINE 15B - COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE ENTIRE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART VI LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PART IX LINE 24E - TOTAL PROGRAM MGMT FUNDRAISINGPROGRAM EXPENSES $17606 17606 0 0FILM CLUB $911 911 0 0SHIPPING $4611 4611 0 0EXPENSES TO RENTAL -$8003 -8003 0 0STATE TAXES $134 134 0 0FEDERAL TAXES $357 357 0 0TOTAL OTHER EXPENSES $9377 9377 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
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