Civic Intelligence

Greater Columbus Arts Council Inc.

990 • Fiscal year 2016 • EIN 31-0833384

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

100 East Broad Street No 2250Columbus, OH 43215

(614) 224-2606

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.32x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.19x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

66th percentile

7.5%

Higher net margin than 66% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$273,373

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

85th percentile

22%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

6.9%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,736,381

Up $862,027 (+22%) from 2015

Net Assets

Up

$3,218,994

Up $683,899 (+27%) from 2015

Liabilities

Up

$1,517,387

Up $178,128 (+13%) from 2015

Revenue

Up

$8,169,102

Up $530,465 (+6.9%) from 2015

Expenses

Up

$7,553,864

Up $351,422 (+4.9%) from 2015

Net Income

Up

$615,238

Up $179,043 (+41%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $2,056,240Liabilities 2010: $1,148,180Net Assets 2010: $908,0602010Assets 2011: $2,459,407Liabilities 2011: $1,165,664Net Assets 2011: $1,293,7432011Assets 2012: $2,349,136Liabilities 2012: $1,067,349Net Assets 2012: $1,281,7872012Assets 2013: $2,728,602Liabilities 2013: $1,161,044Net Assets 2013: $1,567,5582013Assets 2014: $3,568,366Liabilities 2014: $1,517,734Net Assets 2014: $2,050,6322014Assets 2015: $3,874,354Liabilities 2015: $1,339,259Net Assets 2015: $2,535,0952015Assets 2016: $4,736,381Liabilities 2016: $1,517,387Net Assets 2016: $3,218,9942016Assets 2017: $5,062,523Liabilities 2017: $1,369,995Net Assets 2017: $3,692,5282017Assets 2018: $5,313,310Liabilities 2018: $1,468,728Net Assets 2018: $3,844,5822018Assets 2019: $7,097,829Liabilities 2019: $1,498,489Net Assets 2019: $5,599,3402019Assets 2020: $7,831,648Liabilities 2020: $1,846,655Net Assets 2020: $5,984,9932020Assets 2021: $9,747,669Liabilities 2021: $2,512,091Net Assets 2021: $7,235,5782021Assets 2022: $15,007,832Liabilities 2022: $3,629,439Net Assets 2022: $11,378,3932022Assets 2023: $18,391,476Liabilities 2023: $5,404,384Net Assets 2023: $12,987,0922023Assets 2024: $17,454,116Liabilities 2024: $6,855,951Net Assets 2024: $10,598,1652024

Highlighted filing

2016

Assets$4,736,381
Liabilities$1,517,387
Net Assets$3,218,994

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $4,863,6622010Expenses 2011: $5,285,7242011Expenses 2012: $6,026,1382012Revenue 2013: $6,286,132Expenses 2013: $6,000,366Net Income 2013: $285,7662013Revenue 2014: $6,892,061Expenses 2014: $6,408,987Net Income 2014: $483,0742014Revenue 2015: $7,638,637Expenses 2015: $7,202,442Net Income 2015: $436,1952015Revenue 2016: $8,169,102Expenses 2016: $7,553,864Net Income 2016: $615,2382016Revenue 2017: $8,790,969Expenses 2017: $8,479,369Net Income 2017: $311,6002017Revenue 2018: $8,816,806Expenses 2018: $8,700,835Net Income 2018: $115,9712018Revenue 2019: $12,341,825Expenses 2019: $10,803,176Net Income 2019: $1,538,6492019Revenue 2020: $11,754,765Expenses 2020: $11,475,638Net Income 2020: $279,1272020Revenue 2021: $12,867,365Expenses 2021: $11,699,828Net Income 2021: $1,167,5372021Revenue 2022: $20,808,950Expenses 2022: $16,461,783Net Income 2022: $4,347,1672022Revenue 2023: $26,015,610Expenses 2023: $24,945,573Net Income 2023: $1,070,0372023Revenue 2024: $28,559,129Expenses 2024: $31,467,823Net Income 2024: -$2,908,6942024

Highlighted filing

2016

Revenue$8,169,102
Expenses$7,553,864
Net Income$615,238
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 22, 2017
Return Version
2016v3.0
Gross Receipts
$8,414,959
Mission and Program Overview

Mission

GCAC supports art and advances the culture of the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,972,059$2,174,903▲ $202,844
Cash and Non-Interest-Bearing Accounts$984,912$1,522,669▲ $537,757
Investments in Publicly Traded Securities$478,505$473,643▼ $4,862
Land, Buildings, and Equipment, Net$178,431$260,062▲ $81,631
Accounts Receivable$135,258$158,536▲ $23,278
Prepaid Expenses and Deferred Charges$61,915$59,635▼ $2,280
Inventories for Sale or Use$8,257$9,035▲ $778
Total Assets$3,874,354$4,736,381▲ $862,027
Other Assets Total$55,017$77,898▲ $22,881
Liabilities
Grants Payable$1,031,366$1,087,708▲ $56,342
Deferred Revenue$166,269$225,887▲ $59,618
Accounts Payable and Accrued Expenses$116,251$195,576▲ $79,325
Escrow Account Liability$8,319$0▼ $8,319
Other Liabilities$17,054$8,216▼ $8,838
Total Liabilities$1,339,259$1,517,387▲ $178,128
Net Assets / Fund Balance
Unrestricted Net Assets$1,988,125$2,440,029▲ $451,904
Temporarily Rstr Net Assets$546,970$778,965▲ $231,995
Total Net Assets Fund Balance$2,535,095$3,218,994▲ $683,899
Total Liabilities and Net Assets / Fund Balance$3,874,354$4,736,381▲ $862,027

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$227,269$416,587$643,856
Other Land Buildings$32,793$52,997$85,790
Leasehold Improvements$0$35,465$35,465

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,296,970$5,254,794-$5,022,799$1,528,965
2015$829,677$5,281,787-$4,814,494$1,296,970
2014$742,956$4,423,143-$4,336,422$829,677
2013$754,560$3,951,930-$3,963,534$742,956
2012$902,082$4,185,269-$4,332,791$754,560
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas KatzenmeyerPresidentFT$211,739$61,634$273,373
Jami GoldsteinDirector of Marketing, Communications, & EventsFT$100,302$6,770$107,072
Kayla GreenDirector of Finance & AdminFT$88,607$6,770$95,377

Highest Paid Contractors

ContractorServicesLocationCompensation
Osa Technology PartnersWebsite Evelopment And Maintenance11 GAY STREET, Columbus, OH 43215$103,333
Revenue and Support

Revenue Composition

Contributions and Grants
$6,804,197
Program Service Revenue
$1,301,411
Investment Income
$1,654
Other Revenue
$61,840
All Other Contributions
$265,146
Change in Net Assets
$615,238

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,169,102
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$121,722
Total Revenue per Audited Statements
$8,290,824
Total Revenue per Form 990
$8,169,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,990,607
Other Expenses$1,422,356
Salaries, Compensation, and Employee Benefits$1,140,901
Total Fundraising Expense$21,260
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,736,311--$4,736,311
Current Officers, Directors, Trustees, and Key Employees-$475,821-$475,821
Other Salaries and Wages$155,357$246,737$21,260$423,354
Grants to Domestic Individuals$254,296--$254,296
Fees for Services Other$3,148$173,093-$176,241
Advertising$93,199$15,482-$108,681
Occupancy-$104,684-$104,684
Other Employee Benefits$16,519$80,331-$96,850
Pension Plan Contributions$14,027$70,748-$84,775
Office Expenses$29,184$43,657-$72,841
Depreciation Depletion$9,621$53,985-$63,606
Payroll Taxes$11,205$48,896-$60,101
All Other Expenses$44,636$2,991-$47,627
Conferences and Meetings$974$37,240-$38,214
Information Technology$1,570$36,406-$37,976
Insurance$25,469$8,826-$34,295
Fees for Services Accounting$11,819$22,193-$34,012
Other Expenses$30,000$27,892-$30,000
Travel$4,279$17,318-$21,597
Fees for Services Legal$7,438$4,560-$11,998
Fees for Service Investment Mgmnt Fees-$6,286-$6,286
Total Functional Expenses$6,055,458$1,477,146$21,260$7,553,864

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,606,925
Expenses per Audited Statements$7,553,864
Total Expenses per Form 990$7,553,864
Expenses Not Reported on Form 990$53,061
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ballet Metropolitan IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$275,000
The Center of Science and IndustryColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$267,625
Columbus Museum of ArtColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$267,500
Wexner Center for the ArtsColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$264,500
Friends of the ConservatoryColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$257,500
The Columbus Association for the Performing Arts IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$257,500
Columbus Symphony Orchestra IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$250,000
The Jazz Arts Group of ColumbusColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$151,193
Pro Musica Chamber Orchestra of Columbus IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$135,973
Contemporary American Theater CompanyColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$128,981
Opera ColumbusColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$116,816
The Community Arts Project IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$116,449
Ohio Designer CraftsmenColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$85,688
Columbus Childrens TheaterColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$84,237
Shadoart ProductionsColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$83,333
Short North StageColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$74,135
Glass AxisColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$69,743
Columbus Dance Theatre IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$69,432
The Thurber House IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$61,450
COLUMBUS GAY MEN'S CHORUSColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$46,624
Chamber Music ColumbusColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$31,597
Pizzuti CollectionColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$28,500
Ohioana Library AssociationColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$26,600
Asian FestivalDelaware, OH501(c)(3)Grants to Promote Art and Culture in Columbus$25,500
Columbus College of Art & DesignColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$25,500
Columbus Metropolitan LibraryColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$22,500
First Night ColumbusWesterville, OH501(c)(3)Grants to Promote Art and Culture in Columbus$22,500
Ohio State Univsersity FoundationColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$22,500
Opera Project ColumbusColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$22,500
ACTOR'S THEATRE OF COLUMBUSColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$21,094
Columbus Landmarks FoundationColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$20,622
OhiodanceColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$19,553
Columbus Civic TheaterColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$19,125
Wild Goose CreativeColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$19,087
Madlab TheatreColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$19,077
Evolution Theatre IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$17,000
Ohio Art LeagueColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$14,770
Global GalleryColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$14,549
AlkebulanColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$13,750
Ohio Performance AcademyColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$13,688
Friends of Early Music IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$13,401
Available Light TheatreColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$13,325
XclaimColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$13,065
Red Herring ProductionsColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$12,600
Ohio Historical SocietyColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$12,065
Fractured AtlasNew York, NY501(c)(3)Grants to Promote Art and Culture in Columbus$10,999
Citymusic IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$10,809
Independents DayColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$10,200
Fuse FactoryColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$10,000
MomentumColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$10,000
Red White and BoomWesterville, OH501(c)(3)Grants to Promote Art and Culture in Columbus$10,000
Camille CatherineColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$9,750
VSA OhioColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$9,461
Ohio DanceColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$9,239
Diverse Media Zone IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$9,075
Jefferson Academy of MusicColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$7,849
For Word Company IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$7,746
Vsa OhioColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$6,938
Summer Jam WestgateColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$6,675
Sro Theatre CompanyColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$6,662
Six Strings ConcertColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$6,650
Imagine Productions of Columbus IncColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$6,500
Roy G BivColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$6,444
Columbus Jewish Community CenterColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$5,625
Short North AllianceColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$5,216
The Kate Schulte FoundationColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$5,200
Striving to Achieve Real SuccessColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$5,000
Thurber HouseColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$5,000
Columbus Songwriters AssociationColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$4,400
Tl United Music for HopeColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$3,057
Independents DayColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$3,000
The Jazz Arts Group of ColumbusColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$3,000
Glass AxisColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$2,917
Fuse FactoryColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$2,363
Columbus Songwriters AssociationColumbus, OH501(c)(3)Grants to Promote Art and Culture in Columbus$1,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$109,750
Fundraising Direct Expenses$53,061
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
CAP Luncheon$109,750$109,750$28,612$81,138
Total Events$109,750$109,750$53,061$56,689
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Lease Payable$8,216
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 form 990 is prepared by an outside accounting firm and then is reviewed by the audit committee. The audit committee presents the form 990 to the full board for approval and request that a member of the audit firm to be present at the meeting if deemed necessary.

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

The members of the Board of Trustees complete a Conflict of Interest statement at the beginning of every Board year, July 1st. Staff completes a conflict of interest statement at the date of hire and each year thereafter at the beginning of the board year, July 1st. These documents are then reviewed and kept on file.

Form 990, Part VI, Section B, line 15

The compensation of the president is reviewed by the executive committee annually using comparability data in making that decision. The president reviews and approves compensation ranges for other staff within the organization and uses comparability data in conjuction with compensation decisions. All decisions regarding compensation are properly documented by the organization.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents and conflict of interest policy available to the public upon request. Financial Statements are posted on the organization's website.

Filing and Contact Details

Filer

Filer Name
Greater Columbus Arts Council
EIN
31-0833384
Phone
6142242606
Address
100 East Broad Street No 2250, Columbus, OH 43215

Signing Officer

Name
Kayla Green
Title
Director of finance & administration
Phone
6142242606
Signed
2017-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kayla Green
Formed
1973
Legal Domicile
Oh
Voting Board Members
27
Independent Board Members
27
Employees
11
Volunteers
350

Preparer

Firm
Rea & Associates Inc
Address
941 Steubenville Ave PO Box 820, Cambridge, OH 43725-0820
Preparer
Mary Elizabeth Wright
Phone
7404325658
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Through vision and leadership, advocacy and collaboration, the greater columbus arts council supports art and advances the culture of the region. A catalyst for excellence and innovation, we fund exemplary artists and arts organizations and provide programs, events and services of public value that educate and engage all audiences in our community.

FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE:

Community Funding: GCAC uses funds it receives from the City of Columbus to support a broad array of programs. In accordance with its contract, GCAC has to direct at least 75% of all City monies it receives for community funding. Grants are awarded to local arts organizations for general operating support, projects, and technical assistance. Funding also can be used for individual artist grants/fellowships and designated project support. If eligible expenditures do not total 75%, the funds will be reserved and carried over to the next contract year for allocation.

FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE:

Columbus Arts Festival: GCAC organizes the annual Columbus Arts Festival, which is held in early June. The Festival provides opportunities for the community to view and purchase work of local and national artists, listen to continuous live music, and participate in art activities free of charge. The revenues of the Festival represent corporate sponsorships, contributions, and booth and tent rentals, as well as revenues from concessions. Funds received from the City of Columbus hotel/motel excise tax are not used to support the Columbus Arts Festival. Festival expenses are for administrative expenses, programming, equipment, materials, and supplies.

FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE:

Community Arts Programs: Arts Education Out of School The program emphasizes the daily development of constructive communication, conflict resolution, and learning and leadership skills as tools for coping with social pressures and temptations. The program has two components: Art in the House for younger children in grades K-6, and TRANSIT ARTS for teens. Art in the House provides art classes three times a week for young children enrolled in afterschool programming at four of the seven Settlements. Through these classes, children can gain broad exposure to the arts. TRANSIT ARTS offers discipline-based ongoing instruction for teens. This program was transferred to the Ohio Alliance for Arts Education during 2012. During the years ended December 31, 2016 and 2015, GCAC provided support to assist this program. Artists-in-Schools The program promotes and facilitates the use of local performing and visual artists in schools, hospitals, libraries, recreation and park facilities, senior facilities, rehabilitation facilities, and business centers. It also provides professional development seminars for teachers and local professional teaching artists, administers the Franklin County Neighborhood Arts Program and developed and maintains ARTS CLASSifieds, a searchable online arts education directory offering information about community arts education activities in Franklin County. This program was transferred to the Ohio Alliance for Arts Education during 2012. During the years ended December 31, 2016 and 2015, GCAC provided support to assist this program. Franklin County Neighborhood Arts The Franklin County Neighborhood Arts Program, established in 2003, assists neighborhood and community groups including amateur and vocational, traditional arts organizations, civic and neighborhood associations, guilds, schools, social service organizations, youth centered, and cultural organizations with arts projects in all disciplines, provided they are offered to the public. This program was transferred to the Ohio Alliance for Arts Education during 2012. During the years ended December 31, 2016 and 2015, GCAC provided support to assist this program. Junior Achievement The program is the world's largest organization dedicated to educating students about workforce readiness, entrepreneurship, and financial literacy through experienced, hands on programs. Junior Achievement programs help prepare young people for the real world by showing them how to generate wealth and effectively manage it, how to create jobs which make their communities more robust, and how to apply entrepreneurial thinking to the workforce. Students put these lessons into action and learn the value of contributing to their communities. Local Art Projects From time to time GCAC participates in contracts with local businesses to provide services and/or funding for local art projects. During 2016, GCAC supported Shadowbox Live for their second version of Gallery of Echoes: ColumbUS Public Art Project. The second installment of this critically acclaimed series reinterpreted 20 original works by Columbus-based artists through a metamedia collision of original music, dance, spoken word, and larger-than-life videography. It premiered in June 2016 at the Columbus Art Festival in Bicentennial Park. Also during 2016, GCAC was contracted by The Kroger Company to help facilitate their art mural projects for three new stores. GCAC helped narrow down the search for qualified artists and ensured all murals were created within Kroger's guidelines. All murals were installed in each of the Kroger stores by October 2016. Power2Give Power2Give is an online marketplace devoted to supporting non-profit organizations and encouraging people to help the organizations they love turn their arts and culture projects into a reality. Specifically, the site allows organizations to post and promote projects in need of funding and invites donors to contribute directly to the projects that are most intriguing to

Form 990, Part IX, line 24E

Power2Give: Program service expenses 26,058. Management and general expenses 2,991. Fundraising expenses 0. Total expenses 29,049. junior achievement biz school: Program service expenses 18,578. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,578.

Form 990, Part XII, line 2C, oversight of financial statement audit:

The organization has a committee that assumes responsibility for oversight of the audit and selection of the independent accountant. The process by which the organization oversees the audit and selects the independent accountant has not changed from prior years.

Financial Statement Notes

Part IV, Line 2B:

GCAC had agreed to hold, manage, and disburse funds, acting as fiscal agent for various organizations. GCAC has not reported the receipt of these funds as contributions since the transfers are subject to respective organization's unilateral right to redirect the use of these assets to other beneficiaries. As of December 31, 2016 and 2015 totaling $-0- and $8,319 respectively, were reported as other assets and other liabilities on the statements of financial position as "Assets held for others." GCAC became involved with the Power2Give program during 2013. Through this program, GCAC collects, holds and distributes donations for non-profit organizations. When a donor makes a contribution using Power2Give, the funds are recorded as both an asset and a liability under the heading "Assets held for others" on the statements of financial position. These funds are not recorded as contributions by GCAC because GCAC has no power to redirect the funds. Power2give was discontinued in october 2016.

Part V, Line 4:

The greater columbus arts council had both board designated and temporarily restricted net assets. The board designated funds have been designated as a working capital reserve. The temporarily restricted net assets are composed of three separate temporarily restricted funds, which includes fiscally sponsored organizations, the community funding fund, and power2give. These separate funds are restricted to fund the designated programs. Power2give was discontinued in october 2016.

Part X, Line 2:

FIN 48 Footnote: Generally accepted accounting principles required the GCAC to evaluate the level of uncertainty related to whether tax positions taken will be sustained upon examination. Any positions taken that do not meet the more-likely-than-not threshold must be quantified and recorded as a liability for unrecognized tax benefits in the accompanying statements of financial position along with interest and penalties that would be payable to the taxing authorities upon examination. The GCAC believes that none of the tax positions taken would materially impact the financial statements, and no such liabilities have been recorded.

Part XI, Line 2D - Other Adjustments:

Event expenses included on statement of revenue 53,061.

Part XII, Line 2D - Other Adjustments:

Event expenses included on statement of revenue 53,061.

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IRS990/NetUnrlzdGainsLossesInvstAmt029661
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0104684
IRS990/OccupancyGrp/TotalAmt0104684
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt043657
IRS990/OfficeExpensesGrp/ProgramServicesAmt029184
IRS990/OfficeExpensesGrp/TotalAmt072841
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.5$6.86$10.6$28.6$31.5$2.91
2023Detailed filing. Detailed filing data is available for this year.$18.4$5.40$13.0$26.0$24.9$1.07
2022Detailed filing. Detailed filing data is available for this year.$15.0$3.63$11.4$20.8$16.5$4.35
2021Detailed filing. Detailed filing data is available for this year.$9.75$2.51$7.24$12.9$11.7$1.17
2020Detailed filing. Detailed filing data is available for this year.$7.83$1.85$5.98$11.8$11.5$0.28
2019Detailed filing. Detailed filing data is available for this year.$7.10$1.50$5.60$12.3$10.8$1.54
2018Detailed filing. Detailed filing data is available for this year.$5.31$1.47$3.84$8.82$8.70$0.12
2017Detailed filing. Detailed filing data is available for this year.$5.06$1.37$3.69$8.79$8.48$0.31
2016Detailed filing. Detailed filing data is available for this year.$4.74$1.52$3.22$8.17$7.55$0.62
2015Detailed filing. Detailed filing data is available for this year.$3.87$1.34$2.54$7.64$7.20$0.44
2014Detailed filing. Detailed filing data is available for this year.$3.57$1.52$2.05$6.89$6.41$0.48
2013Detailed filing. Detailed filing data is available for this year.$2.73$1.16$1.57$6.29$6.00$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$1.07$1.28$6.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$1.17$1.29$5.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$1.15$0.91$4.86