Civic Intelligence

Studio 23

990 • Fiscal year 2014 • EIN 38-1704855

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

901 North Water StreetBay City, MI 48708

(989) 894-2323

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$18,490

Higher top officer pay than 52% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

52nd percentile

3.0%

Faster asset growth than 52% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

58th percentile

8.2%

Faster revenue growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$878,858

Up $25,453 (+3.0%) from 2013

Net Assets

Up

$878,185

Up $28,013 (+3.3%) from 2013

Liabilities

Down

$673

Down $2,560 (-79%) from 2013

Revenue

Up

$243,682

Up $18,522 (+8.2%) from 2013

Expenses

Up

$215,730

Up $31,468 (+17%) from 2013

Net Income

Down

$27,952

Down $12,946 (-32%) from 2013

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 2010: $840,995Liabilities 2010: $23,476Net Assets 2010: $817,5192010Assets 2011: $809,286Liabilities 2011: $14,103Net Assets 2011: $795,1832011Assets 2012: $813,147Liabilities 2012: $3,873Net Assets 2012: $809,2742012Assets 2013: $853,405Liabilities 2013: $3,233Net Assets 2013: $850,1722013Assets 2014: $878,858Liabilities 2014: $673Net Assets 2014: $878,1852014Assets 2015: $911,448Liabilities 2015: $5,944Net Assets 2015: $905,5042015Assets 2016: $927,890Liabilities 2016: $5,606Net Assets 2016: $922,2842016Assets 2017: $947,966Liabilities 2017: $5,958Net Assets 2017: $942,0082017Assets 2018: $1,200,419Liabilities 2018: $13,537Net Assets 2018: $1,186,8822018Assets 2019: $1,366,014Liabilities 2019: $203,751Net Assets 2019: $1,162,2632019Assets 2020: $1,350,563Liabilities 2020: $175,763Net Assets 2020: $1,174,8002020Assets 2021: $1,361,436Liabilities 2021: $155,245Net Assets 2021: $1,206,1912021Assets 2022: $1,244,921Liabilities 2022: $35,294Net Assets 2022: $1,209,6272022Assets 2023: $1,186,109Liabilities 2023: $35,540Net Assets 2023: $1,150,5692023Assets 2024: $1,167,354Liabilities 2024: $55,648Net Assets 2024: $1,111,7062024

Highlighted filing

2014

Assets$878,858
Liabilities$673
Net Assets$878,185

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $211,0292010Expenses 2011: $201,7862011Expenses 2012: $182,0682012Revenue 2013: $225,160Expenses 2013: $184,262Net Income 2013: $40,8982013Revenue 2014: $243,682Expenses 2014: $215,730Net Income 2014: $27,9522014Revenue 2015: $274,945Expenses 2015: $247,611Net Income 2015: $27,3342015Revenue 2016: $284,252Expenses 2016: $267,478Net Income 2016: $16,7742016Revenue 2017: $295,049Expenses 2017: $275,251Net Income 2017: $19,7982017Revenue 2018: $542,489Expenses 2018: $297,542Net Income 2018: $244,9472018Revenue 2019: $331,983Expenses 2019: $356,797Net Income 2019: -$24,8142019Revenue 2020: $307,088Expenses 2020: $294,861Net Income 2020: $12,2272020Revenue 2021: $400,655Expenses 2021: $374,021Net Income 2021: $26,6342021Revenue 2022: $421,835Expenses 2022: $417,210Net Income 2022: $4,6252022Revenue 2023: $368,779Expenses 2023: $427,907Net Income 2023: -$59,1282023Revenue 2024: $368,518Expenses 2024: $417,269Net Income 2024: -$48,7512024

Highlighted filing

2014

Revenue$243,682
Expenses$215,730
Net Income$27,952
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$243,682
Mission and Program Overview

Mission

To provide the bay area with a visual arts center and embrace creative educational activities involving the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$627,214$597,647▼ $29,567
Savings and Temporary Cash Investments$84,889$141,586▲ $56,697
Pledges and Grants Receivable$61,628$66,382▲ $4,754
Cash and Non-Interest-Bearing Accounts$20,307$14,075▼ $6,232
Investments in Publicly Traded Securities$10,813$10,939▲ $126
Prepaid Expenses and Deferred Charges$277$277→ $0
Total Assets$853,405$878,858▲ $25,453
Other Assets Total$48,277$47,952▼ $325
Liabilities
Deferred Revenue-$445-
Accounts Payable and Accrued Expenses$3,233$228▼ $3,005
Total Liabilities$3,233$673▼ $2,560
Net Assets / Fund Balance
Unrestricted Net Assets$846,172$878,185▲ $32,013
Temporarily Rstr Net Assets$4,000--
Total Net Assets Fund Balance$850,172$878,185▲ $28,013
Total Liabilities and Net Assets / Fund Balance$853,405$878,858▲ $25,453

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$591,482$419,507$1,010,989
Equipment$6,165$137,880$144,045
Other Assets Org$47,952--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$48,277-▼ $325-$47,952
2013$42,211-▲ $6,066-$48,277
2012$38,927-▲ $3,284-$42,211
2011$41,800-▼ $705-$38,927
2010$38,519-▲ $3,281-$41,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Deborah PietrzakCuratorPT$18,490$18,490

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$91,364
Program Service Revenue
$146,413
Investment Income
$189
Other Revenue
$5,716
All Other Contributions
$91,364
Change in Net Assets
$27,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,630
Salaries, Compensation, and Employee Benefits$72,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$36,815$24,543-$61,358
Depreciation Depletion$14,784$14,783-$29,567
Office Expenses$13,730$9,597-$23,327
Occupancy$6,251$6,251-$12,502
Payroll Taxes$6,445$4,297-$10,742
Advertising$3,938$3,938-$7,876
Other Expenses$7,560$4,430-$7,560
Insurance$1,322$1,321-$2,643
Fees for Services Accounting$1,063$1,063-$2,126
All Other Expenses$500--$500
Total Functional Expenses$145,507$70,223$0$215,730
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
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

The executive director and treasurer review the 990 before signing. A copy is made available to board members.

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

Executive director compensation is determined by the board based upon available budget, comparison with other area nonprofit ed compensation, and performance evaluation.

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

Other employee compensation is determined in the same manner with ed input.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Studio 23
EIN
38-1704855
Phone
9898942323
Address
901 NORTH WATER STREET, BAY CITY, MI 48708

Signing Officer

Name
Glenda Labadie
Title
Board President
Phone
9898942323
Signed
2015-08-11

Organization Details

Principal Officer
Glenda Labadie
Formed
1963
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
25

Preparer

Firm
Yeo & Yeo Pc
Address
PO BOX 3275, SAGINAW, MI 48605
Preparer
Suzanne Lozano
Phone
9897939830
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.06$1.11$0.37$0.42$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.04$1.15$0.37$0.43$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.04$1.21$0.42$0.42$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.16$1.21$0.40$0.37$0.03
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.35$0.18$1.17$0.31$0.29$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.20$1.16$0.33$0.36$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.01$1.19$0.54$0.30$0.24
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.01$0.94$0.30$0.28$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.01$0.92$0.28$0.27$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.01$0.91$0.27$0.25$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.24$0.22$0.03
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.00$0.85$0.23$0.18$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.00$0.81$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.01$0.80$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.02$0.82$0.21