Civic Intelligence

Art Opportunities Inc.

990 • Fiscal year 2015 • EIN 31-1665900

Sep 01, 2014 to Aug 31, 2015 • Filed on Mar 21, 2016

20 E Central PkwyCincinnati, OH 45202

(513) 333-0388

Siviq Scores

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

Liabilities / Assets

60th percentile

0.19x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

50th percentile

0.11x

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

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

Net Margin

30th percentile

-3.6%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

79th percentile

$128,684

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

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

Asset Growth

40th percentile

-1.5%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

56th percentile

5.7%

Faster revenue growth than 56% of similar nonprofits.

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

Assets

Down

$1,590,632

Down $24,085 (-1.5%) from 2014

Net Assets

Down

$1,281,378

Down $106,526 (-7.7%) from 2014

Liabilities

Up

$309,254

Up $82,441 (+36%) from 2014

Revenue

Up

$2,836,421

Up $154,083 (+5.7%) from 2014

Expenses

Up

$2,939,345

Up $786,572 (+37%) from 2014

Net Income

Down

-$102,924

Down $632,489 (-119%) 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 2010: $504,038Liabilities 2010: $216,139Net Assets 2010: $287,8992010Assets 2011: $1,014,384Liabilities 2011: $168,894Net Assets 2011: $845,4902011Assets 2012: $898,697Liabilities 2012: $163,243Net Assets 2012: $735,4542012Assets 2013: $1,015,369Liabilities 2013: $166,009Net Assets 2013: $849,3602013Assets 2014: $1,614,717Liabilities 2014: $226,813Net Assets 2014: $1,387,9042014Assets 2015: $1,590,632Liabilities 2015: $309,254Net Assets 2015: $1,281,3782015Assets 2016: $1,199,993Liabilities 2016: $170,438Net Assets 2016: $1,029,5552016Assets 2017: $965,054Liabilities 2017: $129,967Net Assets 2017: $835,0872017Assets 2018: $728,497Liabilities 2018: $85,706Net Assets 2018: $642,7912018Assets 2019: $1,087,426Liabilities 2019: $82,079Net Assets 2019: $1,005,3472019Assets 2020: $1,303,328Liabilities 2020: $100,620Net Assets 2020: $1,202,7082020Assets 2021: $2,054,110Liabilities 2021: $485,504Net Assets 2021: $1,568,6062021Assets 2022: $5,387,735Liabilities 2022: $2,579,046Net Assets 2022: $2,808,6892022Assets 2024: $8,926,265Liabilities 2024: $2,006,556Net Assets 2024: $6,919,7092024

Highlighted filing

2015

Assets$1,590,632
Liabilities$309,254
Net Assets$1,281,378

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $832,5592010Expenses 2011: $1,065,9692011Expenses 2012: $1,628,7072012Expenses 2013: $1,938,6102013Revenue 2014: $2,682,338Expenses 2014: $2,152,773Net Income 2014: $529,5652014Revenue 2015: $2,836,421Expenses 2015: $2,939,345Net Income 2015: -$102,9242015Revenue 2016: $2,708,637Expenses 2016: $2,970,759Net Income 2016: -$262,1222016Revenue 2017: $2,687,494Expenses 2017: $2,876,819Net Income 2017: -$189,3252017Revenue 2018: $2,300,738Expenses 2018: $2,482,278Net Income 2018: -$181,5402018Revenue 2019: $2,599,341Expenses 2019: $2,265,261Net Income 2019: $334,0802019Revenue 2020: $1,963,249Expenses 2020: $1,765,888Net Income 2020: $197,3612020Revenue 2021: $2,614,332Expenses 2021: $2,248,434Net Income 2021: $365,8982021Revenue 2022: $3,862,032Expenses 2022: $2,614,683Net Income 2022: $1,247,3492022Revenue 2024: $5,641,121Expenses 2024: $3,658,780Net Income 2024: $1,982,3412024

Highlighted filing

2015

Revenue$2,836,421
Expenses$2,939,345
Net Income-$102,924
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Mar 21, 2016
Return Version
2014v6.0
Gross Receipts
$2,908,737
Mission and Program Overview

Mission

Founded in 1996, artworks' mission is to transform people and places through investments in creativity. Our vision is to be the creative and economic engine which unites citizens to transform our region. Artworks number one core value is "passion: we love cincinnati,- and we are on a mission to help everyone in cincinnati experience that love. Over the past twenty years, artworks has hired and trained over 3,000 local youth and 900 professional artists to create art and impact the community. Artworks' transforms our region through our three strategic programming areas: public art, artrx and creative enterprise. - public art makes our city a gallery. Artworks takes art beyond the walls of museums and performance halls and displays it in shared, public spaces to inspire all residents of and visitors to our community. Through a revolutionary workforce development program, we hire youth apprentices and professional artists to create vibrancy and transform our region through creative place.

Founded in 1996, artworks' mission is to transform people and places through investments in creativity. Our vision is to be the creative and economic engine which unites citizens to transform our region. Artworks number one core value is "passion: we love cincinnati,- and we are on a mission to help everyone in cincinnati experience that love. Over the past twenty years, artworks has hired and trained over 3,000 local youth and 900 professional artists to create art and impact the community. Artworks' transforms our region through our three strategic programming areas: public art, artrx and creative enterprise. - public art makes our city a gallery. Artworks takes art beyond the walls of museums and performance halls and displays it in shared, public spaces to inspire all residents of and visitors to our community. Through a revolutionary workforce development program, we hire youth apprentices and professional artists to create vibrancy and transform our region through creative place-

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$951,280$571,906▼ $379,374
Cash and Non-Interest-Bearing Accounts$96,041$440,834▲ $344,793
Accounts Receivable$249,334$295,257▲ $45,923
Land, Buildings, and Equipment, Net$189,727$163,213▼ $26,514
Savings and Temporary Cash Investments$128,335$119,422▼ $8,913
Total Assets$1,614,717$1,590,632▼ $24,085
Liabilities
Accounts Payable and Accrued Expenses$89,473$200,864▲ $111,391
Unsecured Notes Loans Payable$137,340$108,390▼ $28,950
Total Liabilities$226,813$309,254▲ $82,441
Net Assets / Fund Balance
Unrestricted Net Assets$389,407$727,628▲ $338,221
Temporarily Rstr Net Assets$998,497$553,750▼ $444,747
Total Net Assets Fund Balance$1,387,904$1,281,378▼ $106,526
Total Liabilities and Net Assets / Fund Balance$1,614,717$1,590,632▼ $24,085

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$91,754$119,068$210,822
Leasehold Improvements$71,459$107,187$178,646
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tamara HarkavyDirectorFT$115,060$13,624$128,684

Board Members and Trustees

NameTitle
John KornBoard Presid
Agnes Godwin HallTrustee
Dale KozmaTrustee
Dianne RosenbergTrustee
Emma OffTrustee
Eric LanterTrustee
J Michael HurstTrustee
Janel Carroll WalkerTrustee
Jerry NobleTrustee
Joe SchlimmTrustee
Ken PrayTrustee
Lauren Hannan HudsonTrustee
Mike HoetingTrustee
Nick WayneTrustee
Randy SmithTrustee
Rj SargentTrustee
Robert ZimmermanTrustee
Ron BatesTrustee
Tim ElsbrockTrustee
Margie SchneiderTrustee Emer
Sara Vance WaddellTrustee Emer
David HerrimanExecutive Co
Eric AvnerExecutive Co
Jim StapletonExecutive Co
Mark GroteExecutive Co
Mu Sinclaire JrExecutive Co
Sarah BrownExecutive Co
Joe MuracaFinance Comm
Laura HumphreyFinance Comm
Ric BoothFinance Comm
Ron HouckFinance Comm
Revenue and Support

Revenue Composition

Contributions and Grants
$2,292,721
Program Service Revenue
$323,122
Investment Income
$-129
Other Revenue
$220,707
All Other Contributions
$1,988,126
Change in Net Assets
$-102,924

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,836,421
Revenue Not Reported on Form 990
$-3,914
Total Revenue per Audited Statements
$2,832,507
Total Revenue per Form 990
$2,836,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,782,244
Other Expenses$1,157,101
Total Fundraising Expense$333,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,356,322$26,847$108,572$1,491,741
Fees for Services Other$134,863$1,374$66,656$202,893
Current Officers, Directors, Trustees, and Key Employees$57,530$28,765$28,765$115,060
Payroll Taxes$94,021$4,525$11,015$109,561
Occupancy$76,627$4,289$9,833$90,749
Other Employee Benefits$22,725$20,015$12,972$55,712
Travel$26,267$23,572$5,772$55,611
All Other Expenses$16,962$17,983$13,946$48,891
Depreciation Depletion$36,264$1,813$7,253$45,330
Office Expenses$10,753-$29,743$40,496
Other Expenses$18,896$4,137$11,849$34,882
Fees for Services Accounting-$17,910-$17,910
Insurance$13,535$667$2,633$16,835
Pension Plan Contributions$4,170$3,661$2,339$10,170
Interest$4,547$166$664$5,377
Total Functional Expenses$2,389,805$215,735$333,805$2,939,345

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,939,345
Total Expenses per Audited Statements$2,939,345
Total Expenses per Form 990$2,939,345
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$285,749
Fundraising Direct Expenses$65,042
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Secrets-secret$285,749$285,749$65,042$220,707
Total Events$285,749$285,749$65,042$220,707
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
Annual disclosure for covered persons
No
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, Page 6, Part VI, Line 11B

Complete form 990 is reviewed by finance and executive committees. The report is then shared with entire board and resolution for acceptance as prepared is adopted in advance of filing date.

Form 990, Page 6, Part VI, Line 15A

Artworks engaged a third party to perform an independent salary survey of leadership roles at organizations of similar size and mission within the region. Based on the results of this survey, the finance committee proposed salary adjustments for the ceo, vp of programming, and vp of development. The executive committee ratified these changes in our august 2015 meeting

Form 990, Page 6, Part VI, Line 15B

Artworks engaged a third party to perform an independent salary survey of leadership roles at organizations of similar size and mission within the region. Based on the results of this survey, the finance committee proposed salary adjustments for the ceo, vp of programming, and vp of development. The executive committee ratified these changes in our august 2015 meeting

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policies and financial statements are made available upon request. Review of information is available at the organization's office, located at 20 e. Central parkway, cincinnati, oh.

Filing and Contact Details

Filer

Filer Name
Art Opportunities Inc
EIN
31-1665900
Phone
5133330388
Address
20 E CENTRAL PKWY, CINCINNATI, OH 45202
Doing Business As
Artworks

Signing Officer

Name
Tamara Harkavy
Title
CEO & Artistic Director
Phone
5133330388
Signed
2016-03-21

Organization Details

Formed
2000
Legal Domicile
Oh
Voting Board Members
28
Independent Board Members
28
Employees
227
Volunteers
300

Preparer

Firm
Buschle Fairbanks Inc
Address
119 E COURT ST STE 200, CINCINNATI, OH 45202-1203
Preparer
Richard Fairbanks
Phone
5134218282
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Founded in 1996, artworks' mission is to transform people and places through investments in creativity. Our vision is to be the creative and economic engine which unites citizens to transform our region. Artworks number one core value is "passion: we love cincinnati,- and we are on a mission to help everyone in cincinnati experience that love. Over the past twenty years, artworks has hired and trained over 3,000 local youth and 900 professional artists to create art and impact the community. Artworks' transforms our region through our three strategic programming areas: public art, artrx and creative enterprise. - public art makes our city a gallery. Artworks takes art beyond the walls of museums and performance halls and displays it in shared, public spaces to inspire all residents of and visitors to our community. Through a revolutionary workforce development program, we hire youth apprentices and professional artists to create vibrancy and transform our region through creative place-making. Artworks public art includes permanent and temporary installations, including murals, sculptures, and even artistic bike racks. - the artrx program is grounded in the principle that the power of art enhances the quality of life. Through this program, we transform regional healthcare and wellness environments to improve the healthcare experiences of patients, families and staff. Additionally, through the hero design company program, artworks apprentices help children with life-threatening illnesses and conditions to discover their unique superpowers through the creation of a unique, customized superhero insignia and cape. - creativity fuels economic growth. Artworks developed the creative enterprise program to spur and support local economic development. From our 9-week business development course, co.starters, to the annual big pitch business pitch competition, we train and promote creative entrepreneurs through education, mentorships, access to capital and community connections. Since its inception in summer 2011, nearly 300 individuals have graduated from the business development program, helping to launch 40 new area businesses and nonprofits in greater cincinnati.

Form 990, Page 2, Part III, Line 4D

In 2015, artworks hired a total of 194 youth who represented 64 different high schools and 19 different colleges, 78 neighborhoods, 65 zip codes, and 3 states. The ethnic make-up of hired apprentices was 31% african- american, 5% hispanic, 3% asian, 48% caucasian, and 13% other , with 62% coming from low-income households. Artworks hired 53 professional artists in 2015 and it also graduated 67 creative entrepreneurs and area artists from our nine-week business development course. Artworks served the communities and constituents of the organizations with which we partnered to create our projects. In 2015, artworks painted murals in the cincinnati neighborhoods of downtown (2), over-the-rhine (5), and murals in west end, east end, and evanston. Residents, business owners, and members of neighborhood councils and civic associations all participated in community engagement sessions for their community mural project. Participants varied in age, gender, ethnic group, and socioeconomic status. Partner organizations who worked with artworks to create our apprentice projects included: children's hospital, ronald mcdonald house charities of greater cincinnati, otr community housing, shriner's hospital, camp joy, boys & girls club of cincinnati, prokids, hamilton county justice center, children's theatre, and kroger. Artworks special cincyink temporary project in 2015 employed 42 professional artists who varied in age, gender, ethnic group, and socioeconomic status. The project engaged hundreds of thousands of people through community engagement activities, project dedications and celebrations, and viewership throughout downtown and over-the-rhine. Artworks projects take place throughout the greater cincinnati region, including hamilton, butler, and clermont counties in ohio, and kenton and campbell counties in northern kentucky.

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IRS990/MissionDesc0FOUNDED IN 1996, ARTWORKS' MISSION IS TO TRANSFORM PEOPLE AND PLACES THROUGH INVESTMENTS IN CREATIVITY. OUR VISION IS TO BE THE CREATIVE AND ECONOMIC ENGINE WHICH UNITES CITIZENS TO TRANSFORM OUR REGION. ARTWORKS NUMBER ONE CORE VALUE IS "PASSION: WE LOVE CINCINNATI,- AND WE ARE ON A MISSION TO HELP EVERYONE IN CINCINNATI EXPERIENCE THAT LOVE. OVER THE PAST TWENTY YEARS, ARTWORKS HAS HIRED AND TRAINED OVER 3,000 LOCAL YOUTH AND 900 PROFESSIONAL ARTISTS TO CREATE ART AND IMPACT THE COMMUNITY. ARTWORKS' TRANSFORMS OUR REGION THROUGH OUR THREE STRATEGIC PROGRAMMING AREAS: PUBLIC ART, ARTRX AND CREATIVE ENTERPRISE. - PUBLIC ART MAKES OUR CITY A GALLERY. ARTWORKS TAKES ART BEYOND THE WALLS OF MUSEUMS AND PERFORMANCE HALLS AND DISPLAYS IT IN SHARED, PUBLIC SPACES TO INSPIRE ALL RESIDENTS OF AND VISITORS TO OUR COMMUNITY. THROUGH A REVOLUTIONARY WORKFORCE DEVELOPMENT PROGRAM, WE HIRE YOUTH APPRENTICES AND PROFESSIONAL ARTISTS TO CREATE VIBRANCY AND TRANSFORM OUR REGION THROUGH CREATIVE PLACE-
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IRS990/OtherExpensesGrp/FundraisingAmt113032

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.93$2.01$6.92$5.64$3.66$1.98
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.39$2.58$2.81$3.86$2.61$1.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.49$1.57$2.61$2.25$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.10$1.20$1.96$1.77$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.08$1.01$2.60$2.27$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.09$0.64$2.30$2.48$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.13$0.84$2.69$2.88$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.17$1.03$2.71$2.97$0.26
2015Detailed filing. Detailed filing data is available for this year.$1.59$0.31$1.28$2.84$2.94$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.61$0.23$1.39$2.68$2.15$0.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.17$0.85$1.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.16$0.74$1.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.17$0.85$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.22$0.29$0.83
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits