Civic Intelligence

Springfield Arts Council Inc.

990 • Fiscal year 2018 • EIN 31-6077714

Sep 01, 2017 to Aug 31, 2018 • Filed on Mar 25, 2019

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

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

49th percentile

2.7%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$85,158

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

57th percentile

3.0%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

20%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$876,874

Up $25,942 (+3.0%) from 2017

Net Assets

Up

$756,327

Up $36,869 (+5.1%) from 2017

Liabilities

Down

$120,547

Down $10,927 (-8.3%) from 2017

Revenue

Up

$1,126,479

Up $191,555 (+20%) from 2017

Expenses

Up

$1,095,848

Up $175,151 (+19%) from 2017

Net Income

Up

$30,631

Up $16,404 (+115%) from 2017

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 2018: $876,874Liabilities 2018: $120,547Net Assets 2018: $756,3272018Assets 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

2018

Assets$876,874
Liabilities$120,547
Net Assets$756,327

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 2018: $1,126,479Expenses 2018: $1,095,848Net Income 2018: $30,6312018Revenue 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

2018

Revenue$1,126,479
Expenses$1,095,848
Net Income$30,631
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Mar 25, 2019
Return Version
2017v2.3
Gross Receipts
$1,126,479
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$685,695$706,797▲ $21,102
Cash and Non-Interest-Bearing Accounts$103,494$99,972▼ $3,522
Prepaid Expenses and Deferred Charges$3,310$33,067▲ $29,757
Land, Buildings, and Equipment, Net$35,973$30,083▼ $5,890
Accounts Receivable$22,350$6,845▼ $15,505
Total Assets$850,932$876,874▲ $25,942
Other Assets Total$110$110→ $0
Liabilities
Deferred Revenue$100,871$96,905▼ $3,966
Accounts Payable and Accrued Expenses$18,420$23,642▲ $5,222
Unsecured Notes Loans Payable$12,183--
Total Liabilities$131,474$120,547▼ $10,927
Net Assets / Fund Balance
Permanently Rstr Net Assets$636,063$679,688▲ $43,625
Unrestricted Net Assets$68,446$60,218▼ $8,228
Temporarily Rstr Net Assets$14,949$16,421▲ $1,472
Total Net Assets Fund Balance$719,458$756,327▲ $36,869
Total Liabilities and Net Assets / Fund Balance$850,932$876,874▲ $25,942

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,083$175,255$205,338
Other Securities$706,797--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$685,695-▲ $56,607$30,416$706,797
2016$653,824$27,743▲ $66,486$57,847$685,693
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim RoweExecutive DiFT$85,158$85,158

Board Members and Trustees

NameTitle
Laurie SmithPresident
Theresa HartleyPresident-el
Barbara FaustDirector
Cathy TuckermanDirector
Cindi DuffyDirector
Cindy GriffinDirector
Craig DillonDirector
Dana BennettDirector
Dave LeapleyDirector
Dee StrozdasDirector
Eliot BaggsDirector
Gene BarnettDirector
Jan JonesDirector
Lori FulkDirector
Lori YoungDirector
Lorie HaleDirector
Lydia Smith-lockwoodDirector
Mitchell ArtisDirector
Natalie FritzDirector
Patrick DawsonDirector
Rand OliverDirector
Ryan MccartyDirector
Sean MccombsDirector
Tracy SullivanDirector
Chris LeapleyMember at La
Greg RogersMember at La
Sharon FlattMember at La
John WobbePast Preside
Angie BishopSecretary
Jim YeazellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$399,513
Program Service Revenue
$472,644
Investment Income
$50,369
Other Revenue
$203,953
All Other Contributions
$353,949
Change in Net Assets
$30,631

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$26,027
Total Noncash Contributions1$26,027

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,126,479
Revenue Not Reported on Form 990
$6,239
Total Revenue per Audited Statements
$1,132,718
Total Revenue per Form 990
$1,126,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$773,181
Salaries, Compensation, and Employee Benefits$322,667
Total Fundraising Expense$43,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$188,282$10,312$26,552$225,146
Other Salaries and Wages$167,011$15,386$9,659$192,056
Current Officers, Directors, Trustees, and Key Employees$48,926$36,233-$85,159
Other Expenses$54,219--$54,219
Advertising$43,161--$43,161
Office Expenses$26,972$2,677$7,754$37,403
Payroll Taxes$29,771$7,078-$36,849
Occupancy$11,417$19,183-$30,600
Other Employee Benefits$7,743$860-$8,603
Insurance$5,440$2,929-$8,369
Information Technology$5,749$1,917-$7,666
Fees for Services Accounting-$6,000-$6,000
Depreciation Depletion$5,890--$5,890
Fees for Service Investment Mgmnt Fees-$5,089-$5,089
Fees for Services Other-$4,145-$4,145
Conferences and Meetings$3,361--$3,361
Interest-$876-$876
Travel$20$7-$27
Total Functional Expenses$939,191$112,692$43,965$1,095,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,095,849
Expenses per Audited Statements$1,095,848
Total Expenses per Form 990$1,095,848
Expenses Not Reported on Form 990$1
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,520
Gaming Gross Income$6,089
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Salute and Bene$68,520$68,520-$68,520
Total Events$68,520$68,520-$68,520
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
Yes
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
Tim Rowe
Title
Executive Director
Phone
9373242712
Signed
2019-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Rowe
Formed
1967
Legal Domicile
Oh
Voting Board Members
32
Independent Board Members
32
Employees
22

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

Contracted services 44,021 0 0 venue and security 40,396 0 0 other expenses 0 0 26,552 performers 23,100 0 0 dues 21,321 0 0 hospitality 16,094 0 0 programs and printing 13,687 0 0 special events 6,336 0 0 hospitality 5,915 0 0 venue and security 5,805 0 0 bad debt 0 3,990 0 other admin exp 0 3,774 0 contracted services 3,500 0 0 miscellaneous 2,436 0 0 repairs and maintenance 0 2,048 0 miscellaneous 1,948 0 0 miscellaneous 1,800 0 0 hospitality 1,453 0 0 special projects 0 500 0 miscellaneous 176 0 0 hospitality 147 0 0 merchandise 118 0 0 costume supplies 29 0 0 total 188,282 10,312 26,552

Form 990, Part XI, Line 9

Book / tax depreciation difference -1

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 1

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