Civic Intelligence

Springfield Arts Council Inc.

990 • Fiscal year 2016 • EIN 31-6077714

Sep 01, 2015 to Aug 31, 2016 • Filed on Jun 22, 2017

PO Box 745 117 S Fountain AvenueSpringfield, OH 45501-0745

(937) 324-2712

Siviq Scores

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

Liabilities / Assets

67th percentile

0.16x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.14x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

27th percentile

-6.3%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

23rd percentile

-5.7%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

1.1%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$784,856

Down $47,553 (-5.7%) from 2015

Net Assets

Down

$662,274

Down $31,607 (-4.6%) from 2015

Liabilities

Down

$122,582

Down $15,946 (-12%) from 2015

Revenue

Up

$893,194

Up $10,120 (+1.1%) from 2015

Expenses

Up

$949,155

Up $358 (+0.0%) from 2015

Net Income

Up

-$55,961

Up $9,762 (+15%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,017,231Liabilities 2011: $202,200Net Assets 2011: $815,0312011Assets 2013: $1,012,560Liabilities 2013: $163,211Net Assets 2013: $849,3492013Assets 2015: $832,409Liabilities 2015: $138,528Net Assets 2015: $693,8812015Assets 2016: $784,856Liabilities 2016: $122,582Net Assets 2016: $662,2742016Assets 2017: $850,932Liabilities 2017: $131,474Net Assets 2017: $719,4582017Assets 2019: $855,319Liabilities 2019: $127,845Net Assets 2019: $727,4742019Assets 2020: $935,149Liabilities 2020: $48,563Net Assets 2020: $886,5862020Assets 2021: $1,162,883Liabilities 2021: $25,324Net Assets 2021: $1,137,5592021Assets 2022: $1,015,935Liabilities 2022: $47,797Net Assets 2022: $968,1382022Assets 2024: $963,371Liabilities 2024: $77,411Net Assets 2024: $885,9602024

Highlighted filing

2016

Assets$784,856
Liabilities$122,582
Net Assets$662,274

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,041,3442011Expenses 2013: $1,152,2652013Revenue 2015: $883,074Expenses 2015: $948,797Net Income 2015: -$65,7232015Revenue 2016: $893,194Expenses 2016: $949,155Net Income 2016: -$55,9612016Revenue 2017: $934,924Expenses 2017: $920,697Net Income 2017: $14,2272017Revenue 2019: $1,028,943Expenses 2019: $1,072,904Net Income 2019: -$43,9612019Revenue 2020: $831,326Expenses 2020: $699,750Net Income 2020: $131,5762020Revenue 2021: $813,812Expenses 2021: $674,319Net Income 2021: $139,4932021Revenue 2022: $936,756Expenses 2022: $1,000,331Net Income 2022: -$63,5752022Revenue 2024: $954,700Expenses 2024: $1,036,077Net Income 2024: -$81,3772024

Highlighted filing

2016

Revenue$893,194
Expenses$949,155
Net Income-$55,961
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jun 22, 2017
Return Version
2015v3.0
Gross Receipts
$893,194
Mission and Program Overview

Mission

To build a better community by sharing the performing arts with all citizens of springfield, clark county and surrounding region. The springfield arts council, inc. Is recognized for leading the citizens of springfield, clark county and the region to an enhanced appreciation of the performing arts. The youth, young adults, diverse, and underserved populations of the community are also active participants and supporters of the performing arts and regularly attend events. The springfield arts council is the initiator of cooperative ventures with many organizations within the community and the region, resulting in a broad and stimulating array of arts offerings supported by substantial financial and human resources. This is a statement of the vision the springfield arts council seeks to fulfill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$643,723$653,826▲ $10,103
Cash and Non-Interest-Bearing Accounts$56,354$44,276▼ $12,078
Land, Buildings, and Equipment, Net$37,185$43,884▲ $6,699
Prepaid Expenses and Deferred Charges$43,835$21,555▼ $22,280
Accounts Receivable$50,373$21,205▼ $29,168
Savings and Temporary Cash Investments$829--
Total Assets$832,409$784,856▼ $47,553
Other Assets Total$110$110→ $0
Liabilities
Deferred Revenue$95,366$83,160▼ $12,206
Accounts Payable and Accrued Expenses$20,662$21,739▲ $1,077
Unsecured Notes Loans Payable$22,500$17,683▼ $4,817
Total Liabilities$138,528$122,582▼ $15,946
Net Assets / Fund Balance
Permanently Rstr Net Assets$608,731$628,066▲ $19,335
Unrestricted Net Assets$72,578$20,947▼ $51,631
Temporarily Rstr Net Assets$12,572$13,261▲ $689
Total Net Assets Fund Balance$693,881$662,274▼ $31,607
Total Liabilities and Net Assets / Fund Balance$832,409$784,856▼ $47,553

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,884$161,454$205,338
Other Securities$653,826--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$643,722-▲ $32,926$18,015$653,824
2014$762,431-▲ $12,434$127,625$643,723
2013$809,547-▲ $80,932-$762,431
2012$678,556$100,000▲ $50,200-$809,547
2011$651,824-▲ $78,036-$678,556
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim YeazellPresident
John WobbePresident -
Amelia BoyerDirector
Arif MirzaDirector
Brad BoyerDirector
Chris LeapleyDirector
Craig DillonDirector
D'ARCY FALLONDirector
Eliot BaggsDirector
Linda FoleyDirector
Lisa BourkeDirector
Lori FulkDirector
Lorie HaleDirector
Natalie FritzDirector
Rand OliverDirector
Rosie FedererDirector
Seth DuplerDirector
Teresa HartleyDirector
Toni Tayloe-haddixDirector
Trisha ChurchDirector
Lori YoungMember-at-la
Sally BrannanMemmber at L
Lisa WatsonPast Preside
Laurie SmithSecretary
Thomas TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$372,296
Program Service Revenue
$396,492
Investment Income
$9,630
Other Revenue
$114,776
All Other Contributions
$327,450
Change in Net Assets
$-55,961

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$32,410
Total Noncash Contributions1$32,410

Audited Revenue Reconciliation

Revenue per Audited Statements
$893,194
Revenue Not Reported on Form 990
$24,354
Total Revenue per Audited Statements
$917,548
Total Revenue per Form 990
$893,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$658,985
Salaries, Compensation, and Employee Benefits$290,170
Total Fundraising Expense$42,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$147,804$6,091$33,863$187,758
Other Salaries and Wages$144,172$12,210$8,666$165,048
Current Officers, Directors, Trustees, and Key Employees$46,791$33,840-$80,631
Other Expenses$48,449--$48,449
Payroll Taxes$33,127$6,572-$39,699
Office Expenses$29,507$4,113-$33,620
Occupancy$14,114$18,951-$33,065
Fees for Services Accounting-$17,883-$17,883
Advertising$10,302--$10,302
Information Technology$5,705$1,903-$7,608
Depreciation Depletion$6,515--$6,515
Insurance$2,685$2,967-$5,652
Fees for Service Investment Mgmnt Fees-$4,809-$4,809
Other Employee Benefits$4,348$444-$4,792
Fees for Services Other-$4,779-$4,779
Conferences and Meetings$1,675--$1,675
Interest-$529-$529
Travel$149$50-$199
Total Functional Expenses$791,485$115,141$42,529$949,155

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$949,155
Total Expenses per Audited Statements$949,155
Total Expenses per Form 990$949,155
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,396
Gaming Gross Income$8,202
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Salute and Bene$57,396$57,396-$57,396
Total Events$57,396$57,396-$57,396
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
Yes
Audit committee
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
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, Page 6, Part VI, Line 2

Children of staff and board members seasonal staff at arts festival

Form 990, Page 6, Part VI, Line 11B

The executive committee will review the 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

The board of directors examines each potential conflict of interest situation on a case by case basis and takes action as deemed appropriate.

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

All permanent employees undergo an annual review during which a form is completed to document the process. The executive director is reviewed by two executive board members. All other employees are reviewed by the executive director and one executive board member. After the reviews are completed, the executive board meets to determine salaries for the next fiscal year.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Springfield Arts Council Inc
EIN
31-6077714
Phone
9373242712
Address
PO BOX 745 117 S FOUNTAIN AVENUE, SPRINGFIELD, OH 45501-0745

Signing Officer

Name
Sarah Michelson
Title
Development Director
Phone
9373242712
Signed
2017-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Rowe
Formed
1967
Legal Domicile
Oh
Voting Board Members
25
Independent Board Members
25
Employees
21

Preparer

Firm
Stuckey & Troutwine Cpas LLC
Address
2663 DERR RD, SPRINGFIELD, OH 45503-2445
Preparer
Aimee Troutwine
Phone
9376290890
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To build a better community by sharing the performing arts with all citizens of springfield, clark county and surrounding region. The springfield arts council, inc. Is recognized for leading the citizens of springfield, clark county and the region to an enhanced appreciation of the performing arts. The youth, young adults, diverse, and underserved populations of the community are also active participants and supporters of the performing arts and regularly attend events. The springfield arts council is the initiator of cooperative ventures with many organizations within the community and the region, resulting in a broad and stimulating array of arts offerings supported by substantial financial and human resources. This is a statement of the vision the springfield arts council seeks to fulfill.

Form 990, Page 1, Part I, Line 6

Volunteers are utilized during the various cultural art events.

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

Promote the arts in the community through various activities.

Form 990, Part IX, Line 24E

Venue and security 47,365 0 0 other expenses 0 0 27,189 advertising 26,054 0 0 venue and security 18,830 0 0 performers 17,425 0 0 hospitality 14,597 0 0 fundraising 0 0 6,674 special events 6,191 0 0 dues 5,109 0 0 hospitality 4,255 0 0 other admin exp 0 4,221 0 programs and printing 3,409 0 0 contracted services 1,637 0 0 miscellaneous 1,016 0 0 bad debt 0 825 0 hospitality 777 0 0 repairs and maintenance 0 544 0 special projects 0 500 0 cogs 475 0 0 merchadise 464 0 0 hospitality 200 0 0 rounding 0 1 0

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Filings

Peer Organizations

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