Civic Intelligence

Lowell Arts

990 • Fiscal year 2020 • EIN 38-2226024

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 19, 2021

223 W Main St PO Box 53Lowell, MI 49331

(616) 897-8545

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.10x

Higher debt load relative to revenue than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

70th percentile

18%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

48th percentile

5.2%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-2.5%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,380,008

Up $68,454 (+5.2%) from 2019

Net Assets

Up

$1,347,910

Up $52,720 (+4.1%) from 2019

Liabilities

Up

$32,098

Up $15,734 (+96%) from 2019

Revenue

Down

$313,685

Down $7,918 (-2.5%) from 2019

Expenses

Down

$258,124

Down $44,138 (-15%) from 2019

Net Income

Up

$55,561

Up $36,220 (+187%) from 2019

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: $101,202Liabilities 2011: $4,636Net Assets 2011: $96,5662011Assets 2012: $158,741Liabilities 2012: $40,770Net Assets 2012: $117,9712012Assets 2013: $119,706Liabilities 2013: $4,544Net Assets 2013: $115,1622013Assets 2014: $258,571Liabilities 2014: $49,774Net Assets 2014: $208,7972014Assets 2015: $887,721Liabilities 2015: $237,303Net Assets 2015: $650,4182015Assets 2016: $1,497,119Liabilities 2016: $400,015Net Assets 2016: $1,097,1042016Assets 2017: $1,382,347Liabilities 2017: $137,204Net Assets 2017: $1,245,1432017Assets 2018: $1,292,555Liabilities 2018: $14,867Net Assets 2018: $1,277,6882018Assets 2019: $1,311,554Liabilities 2019: $16,364Net Assets 2019: $1,295,1902019Assets 2020: $1,380,008Liabilities 2020: $32,098Net Assets 2020: $1,347,9102020Assets 2021: $1,403,462Liabilities 2021: $24,303Net Assets 2021: $1,379,1592021Assets 2022: $1,407,580Liabilities 2022: $34,742Net Assets 2022: $1,372,8382022Assets 2023: $1,366,413Liabilities 2023: $14,720Net Assets 2023: $1,351,6932023Assets 2024: $1,334,065Liabilities 2024: $24,829Net Assets 2024: $1,309,2362024

Highlighted filing

2020

Assets$1,380,008
Liabilities$32,098
Net Assets$1,347,910

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $170,9312011Revenue 2012: $204,407Expenses 2012: $184,141Net Income 2012: $20,2662012Revenue 2013: $205,359Expenses 2013: $211,872Net Income 2013: -$6,5132013Revenue 2014: $299,921Expenses 2014: $207,142Net Income 2014: $92,7792014Revenue 2015: $678,105Expenses 2015: $233,767Net Income 2015: $444,3382015Revenue 2016: $715,188Expenses 2016: $268,502Net Income 2016: $446,6862016Revenue 2017: $424,245Expenses 2017: $276,206Net Income 2017: $148,0392017Revenue 2018: $325,391Expenses 2018: $292,846Net Income 2018: $32,5452018Revenue 2019: $321,603Expenses 2019: $302,262Net Income 2019: $19,3412019Revenue 2020: $313,685Expenses 2020: $258,124Net Income 2020: $55,5612020Revenue 2021: $379,431Expenses 2021: $377,278Net Income 2021: $2,1532021Revenue 2022: $332,527Expenses 2022: $338,848Net Income 2022: -$6,3212022Revenue 2023: $353,359Expenses 2023: $375,026Net Income 2023: -$21,6672023Revenue 2024: $368,890Expenses 2024: $412,041Net Income 2024: -$43,1512024

Highlighted filing

2020

Revenue$313,685
Expenses$258,124
Net Income$55,561
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 19, 2021
Return Version
2020v4.0
Gross Receipts
$313,685
Mission and Program Overview

Mission

Connecting regional artists and audiences through the visual and performing arts. Lowellarts provides program opportunities for artists to exhibit and performs,and for residents to develop their own creative talents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,104,388$1,066,333▼ $38,055
Investments in Publicly Traded Securities$145,827$201,442▲ $55,615
Cash and Non-Interest-Bearing Accounts$38,083$109,998▲ $71,915
Pledges and Grants Receivable$19,660$2,235▼ $17,425
Total Assets$1,307,958$1,380,008▲ $72,050
Liabilities
Grants Payable$8,974$27,445▲ $18,471
Accounts Payable and Accrued Expenses$6,635$4,653▼ $1,982
Total Liabilities$15,609$32,098▲ $16,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,185,929$1,215,543▲ $29,614
Net Assets With Donor Restrictions$106,420$132,367▲ $25,947
Total Net Assets Fund Balance$1,292,349$1,347,910▲ $55,561
Total Liabilities and Net Assets / Fund Balance$1,307,958$1,380,008▲ $72,050

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,066,333$154,902$1,221,235

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$35,284-▲ $14--
2016$32,600$360▲ $2,324--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary EldridgeChair
Todd DrenthVice Chair
Barb PierceDirector
Dan KantorowskiDirector
John WengerDirector
Julie DevoeDirector
Kim MillerDirector
Liz RipleyDirector
Rob FreundDirector
Ron WoodDirector
Mary TobinSecretary
Kyle BainbridgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$191,694
Program Service Revenue
$95,882
Investment Income
$11,092
Other Revenue
$15,017
All Other Contributions
$191,694
Change in Net Assets
$55,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,593
Salaries, Compensation, and Employee Benefits$100,531
Total Fundraising Expense$21,358
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$11,600$46,400-$58,000
Depreciation Depletion$7,611$30,444-$38,055
Other Salaries and Wages$6,879$27,517-$34,396
Fees for Services Other$5,875$3,651$609$10,135
Occupancy$205$4,454$5,218$9,877
Other Expenses$124$3,702$4,821$8,647
Office Expenses$402$4,710$1,790$6,902
Advertising$2,469$2,798$215$5,482
Payroll Taxes$1,092$4,366-$5,458
Insurance-$4,087-$4,087
All Other Expenses$568$3,077-$3,645
Fees for Services Accounting-$2,750$550$3,300
Other Employee Benefits$535$2,142-$2,677
Total Functional Expenses$86,939$149,827$21,358$258,124
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,017
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festival and Ot$15,017$15,017-$15,017
Total Events$15,017$15,017-$15,017
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
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Lowell Area Arts Council
EIN
38-2226024
Phone
6168978545
Address
223 W MAIN ST PO BOX 53, LOWELL, MI 49331

Signing Officer

Name
Lorain Smalligan
Title
Executive Director
Phone
6168978545
Signed
2021-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorain Smalligan
Formed
1980
Voting Board Members
13
Independent Board Members
12
Employees
3
Volunteers
50

Preparer

Firm
Morgan & Associates Pc Cpas
Address
1787 GRAND RIDGE CT NE STE 200, GRAND RAPIDS, MI 49525-7042
Preparer
William T Morgan CPA
Phone
6167766457
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Connecting regional artists and audiences through the visual and performing arts. Lowellarts provides program opportunities for artists to exhibit and performs,and for residents to develop their own creative talents.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONNECTING REGIONAL ARTISTS AND AUDIENCES THROUGH THE VISUAL AND PERFORMING ARTS. LOWELLARTS PROVIDES PROGRAM OPPORTUNITIES FOR ARTISTS TO EXHIBIT AND PERFORMS,AND FOR RESIDENTS TO DEVELOP THEIR OWN CREATIVE TALENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.02$1.31$0.37$0.41$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.01$1.35$0.35$0.38$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.03$1.37$0.33$0.34$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.40$0.02$1.38$0.38$0.38$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.38$0.03$1.35$0.31$0.26$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.02$1.30$0.32$0.30$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.29$0.01$1.28$0.33$0.29$0.03
2017Summary only. Only limited summary data is available for this year.$1.38$0.14$1.25$0.42$0.28$0.15
2016Summary only. Only limited summary data is available for this year.$1.50$0.40$1.10$0.72$0.27$0.45
2015Summary only. Only limited summary data is available for this year.$0.89$0.24$0.65$0.68$0.23$0.44
2014Summary only. Only limited summary data is available for this year.$0.26$0.05$0.21$0.30$0.21$0.09
2013Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.21$0.21$0.01
2012Summary only. Only limited summary data is available for this year.$0.16$0.04$0.12$0.20$0.18$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.17