Civic Intelligence

Grace Arts Center Inc.

990 • Fiscal year 2017 • EIN 35-2420731

Jan 01, 2017 to Dec 31, 2017 • Filed on May 25, 2018

Organization Profilewww.graceartscenter.org
816 SE 8th StreetFort Lauderdale, FL 33316

(954) 816-3324

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

100th percentile

6247%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

2440%

Faster revenue growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,027,893

Up $1,995,941 (+6247%) from 2016

Net Assets

Up

$2,027,893

Up $1,995,941 (+6247%) from 2016

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin98th percentile

Revenue

Up

$2,121,276

Up $2,037,773 (+2440%) from 2016

Expenses

Up

$125,335

Up $52,722 (+73%) from 2016

Net Income

Up

$1,995,941

Up $1,985,051 (+18228%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $33,838Net Assets 2014: $33,8382014Assets 2015: $21,062Net Assets 2015: $21,0622015Assets 2016: $31,952Net Assets 2016: $31,9522016Assets 2017: $2,027,893Liabilities 2017: $0Net Assets 2017: $2,027,8932017Assets 2018: $3,333,257Liabilities 2018: $0Net Assets 2018: $3,333,2572018Assets 2019: $6,051,485Liabilities 2019: $1Net Assets 2019: $6,051,4842019Assets 2020: $5,984,430Liabilities 2020: $0Net Assets 2020: $5,984,4302020Assets 2021: $6,213,412Liabilities 2021: $0Net Assets 2021: $6,213,4122021Assets 2022: $2,615,864Liabilities 2022: $0Net Assets 2022: $2,615,8642022Assets 2023: $2,787,324Liabilities 2023: $43,590Net Assets 2023: $2,743,7342023Assets 2024: $2,857,753Liabilities 2024: $42,390Net Assets 2024: $2,815,3632024

Highlighted filing

2017

Assets$2,027,893
Liabilities$0
Net Assets$2,027,893
Open 2017 Filing

Operations Trend

Revenue Growth100th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $38,788Expenses 2014: $39,558Net Income 2014: -$7702014Revenue 2015: $72,753Expenses 2015: $85,529Net Income 2015: -$12,7762015Revenue 2016: $83,503Expenses 2016: $72,613Net Income 2016: $10,8902016Revenue 2017: $2,121,276Expenses 2017: $125,335Net Income 2017: $1,995,9412017Revenue 2018: $1,481,476Expenses 2018: $176,112Net Income 2018: $1,305,3642018Revenue 2019: $2,769,714Expenses 2019: $51,487Net Income 2019: $2,718,2272019Revenue 2020: $120,740Expenses 2020: $21,001Net Income 2020: $99,7392020Revenue 2021: $258,501Expenses 2021: $146,422Net Income 2021: $112,0792021Revenue 2022: $277,168Expenses 2022: $211,304Net Income 2022: $65,8642022Revenue 2023: $521,661Expenses 2023: $350,201Net Income 2023: $171,4602023Revenue 2024: $404,749Expenses 2024: $319,749Net Income 2024: $85,0002024

Highlighted filing

2017

Revenue$2,121,276
Expenses$125,335
Net Income$1,995,941
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 25, 2018
Return Version
2017v2.3
Gross Receipts
$2,121,276
Mission and Program Overview

Mission

Our mission is to identify and foster future artists by maximizing donations, grants, and in-kind professional talent to produce present programs that embrace tradition, maintain excellence, create opportunities for innovation in arts related fields of sciences humanities.

Our mission is to identify and foster future artists by maximizing donations, grants, and in-kind professional talent to produce present programs in arts related fields of sciences humanities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$31,952$2,027,893▲ $1,995,941
Cash and Non-Interest-Bearing Accounts$12,847$22,788▲ $9,941
Land, Buildings, and Equipment, Net$14,987$14,987→ $0
Total Assets$31,952$2,027,893▲ $1,995,941
Other Assets Total$4,118$1,990,118▲ $1,986,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,952$2,027,893▲ $1,995,941
Total Liabilities and Net Assets / Fund Balance$31,952$2,027,893▲ $1,995,941

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$14,987-$14,987
Other Assets Org$386,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Clare VickeryDirector
David BenjaminDirector
Troy InchDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,089,757
Program Service Revenue
$31,519
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,066,183
Change in Net Assets
$1,995,941

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art2$1,986,000Appraisal
Other Non Cash Contri Table402$44,053Fair Market Value
Total Noncash Contributions404$2,030,053-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$103,414$547-$103,961
Fees for Services Other$16,627--$16,627
Travel$3,511--$3,511
Office Expenses-$886-$886
Fees for Services Accounting-$350-$350
Total Functional Expenses$123,552$1,783$0$125,335
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Part VI, Section A, Line 2

“Directors Troy Inch Clare Vickery are husband wife.”

Form 990, Part VI, Section B, Line 11B

“The directors review Form 990 individually. Informal discussions are held regarding any items requiring same.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available upon request.”

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

“The directors discuss conflicts of interest, if any, at the annual meeting.”

Filing and Contact Details

Filer

Filer Name
Grace Arts Center Inc
EIN
35-2420731
Phone
9548163324
Address
816 SE 8th Street, Fort Lauderdale, FL 33316

Signing Officer

Name
Clare Vickery
Title
Director
Signed
2018-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clare Vickery
Formed
2012
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
43

Preparer

Firm
Cifuentes & Company PA
Address
1995 E Oakland Park Blvd Suite 205, Fort Lauderdale, FL 33306
Preparer
Cesar A Cifuentes
Phone
9545684225
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Program expense - creative team 16,627”

Form 990, Part IX, Line 24E

“Management Expense - Licenses bank charges 547”

Form 990, Part IX, Line 24E

“Program expense - costumes 1,243”

Form 990, Part IX, Line 24E

“Program expense - workshops summer programs 3,482”

Form 990, Part IX, Line 24E

“Program expense - painting 25,239”

Form 990, Part IX, Line 24E

“Program expense - art fair 4,016”

Form 990, Part IX, Line 24E

“Program expense - theatre 8,934”

Form 990, Part IX, Line 24E

“Program expense - revenue in kind local govt 2,500”

Form 990, Part IX, Line 24E

“Program expense - specialized services donated 58,000”

Raw XML Appendix374 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleM/WorksOfArtGrp/MethodOfDeterminingRevenuesTxt0Appraisal
IRS990ScheduleM/WorksOfArtGrp/NonCashCheckboxInd0X
IRS990ScheduleM/WorksOfArtGrp/NoncashContributionsRptF990Amt01986000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors Troy Inch Clare Vickery are husband wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program expense - creative team 16,627
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Management Expense - Licenses bank charges 547
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program expense - costumes 1,243
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Program expense - workshops summer programs 3,482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program expense - painting 25,239
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Program expense - art fair 4,016
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Program expense - theatre 8,934
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Program expense - revenue in kind local govt 2,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Program expense - specialized services donated 58,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10The directors review Form 990 individually. Informal discussions are held regarding any items requiring same.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11The organization makes its governing documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12The directors discuss conflicts of interest, if any, at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part VI, Section B, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt031952
IRS990/TotalAssetsEOYAmt02027893
IRS990/TotalAssetsGrp/BOYAmt031952
IRS990/TotalAssetsGrp/EOYAmt02027893
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02089757
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01783
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123552
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125335
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02027893
IRS990/TotalProgramServiceExpensesAmt0123552
IRS990/TotalProgramServiceRevenueAmt031519
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031519
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02121276
IRS990/TotalVolunteersCnt043
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt031952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02027893
IRS990/TravelGrp/ProgramServicesAmt03511
IRS990/TravelGrp/TotalAmt03511
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0816 SE 8th Street
IRS990/USAddress/CityNm0Fort Lauderdale
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033316
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.graceartscenter.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Clare Vickery
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Grace Arts Center Inc
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0352420731
ReturnHeader/Filer/PhoneNum09548163324
ReturnHeader/Filer/USAddress/AddressLine1Txt0816 SE 8th Street
ReturnHeader/Filer/USAddress/CityNm0Fort Lauderdale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033316
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C5710E92D1DA0C3C8578472C9154DCDC10F8D67A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E19621079C1D219BDB5588E4BAA08E0AC6916D21
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.205.107.81
ReturnHeader/FilingSecurityInformation/IPDt02018-05-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm019:37:23
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cifuentes & Company PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01995 E Oakland Park Blvd Suite 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fort Lauderdale
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033306
ReturnHeader/PreparerPersonGrp/PhoneNum09545684225
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cesar A Cifuentes
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-28T08:07:54-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,027,893
Liabilities
$0
Net assets
$2,027,893
Revenue
$2,121,276
Expenses
$125,335
Net income
$1,995,941
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.86$0.04$2.82$0.40$0.32$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.79$0.04$2.74$0.52$0.35$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$0.28$0.21$0.07
2021Detailed filing. Detailed filing data is available for this year.$6.21$0.00$6.21$0.26$0.15$0.11
2020Detailed filing. Detailed filing data is available for this year.$5.98$0.00$5.98$0.12$0.02$0.10
2019Detailed filing. Detailed filing data is available for this year.$6.05$0.00$6.05$2.77$0.05$2.72
2018Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$1.48$0.18$1.31
2017Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$2.12$0.13$2.00
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.08$0.07$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.07$0.09$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.04$0.04$0.00