Civic Intelligence

Riverside Arts Center Foundation Inc.

990 • Fiscal year 2016 • EIN 38-3228817

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

76 N Huron StYpsilanti, MI 48197

(734) 480-2787

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$185,514

Up $76,096 (+70%) from 2015

Net Assets

Up

$162,253

Up $59,469 (+58%) from 2015

Liabilities

Up

$23,261

Up $16,627 (+251%) from 2015

Revenue And Expenses

Revenue

Up

$255,785

Up $123,951 (+94%) from 2015

Expenses

Up

$196,316

Up $38,237 (+24%) from 2015

Net Income

Up

$59,469

Up $85,714 (+327%) 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: $112,712Liabilities 2011: $1,535Net Assets 2011: $111,1772011Assets 2012: $127,747Liabilities 2012: $1,611Net Assets 2012: $126,1362012Assets 2013: $117,003Liabilities 2013: $5002013Assets 2014: $142,520Liabilities 2014: $8,7412014Assets 2015: $109,418Liabilities 2015: $6,634Net Assets 2015: $102,7842015Assets 2016: $185,514Liabilities 2016: $23,261Net Assets 2016: $162,2532016Assets 2016: $201,334Liabilities 2016: $7,947Net Assets 2016: $193,3872016Assets 2017: $282,106Liabilities 2017: $33,072Net Assets 2017: $249,0342017Assets 2018: $404,931Liabilities 2018: $48,910Net Assets 2018: $356,0212018Assets 2019: $374,425Liabilities 2019: $14,259Net Assets 2019: $360,1662019Assets 2020: $385,173Liabilities 2020: $10,760Net Assets 2020: $374,4132020Assets 2021: $467,031Liabilities 2021: $24,936Net Assets 2021: $442,0952021Assets 2022: $1,000,863Liabilities 2022: $23,419Net Assets 2022: $977,4442022Assets 2023: $1,236,054Liabilities 2023: $23,994Net Assets 2023: $1,212,0602023Assets 2024: $1,251,877Liabilities 2024: $24,706Net Assets 2024: $1,227,1712024

Highlighted filing

2016

Assets$185,514
Liabilities$23,261
Net Assets$162,253

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $99,624Expenses 2011: $73,188Net Income 2011: $26,4362011Revenue 2012: $92,832Expenses 2012: $77,873Net Income 2012: $14,9592012Revenue 2013: $68,166Expenses 2013: $77,799Net Income 2013: -$9,6332013Revenue 2014: $123,858Expenses 2014: $107,434Net Income 2014: $16,4242014Revenue 2015: $131,834Expenses 2015: $158,079Net Income 2015: -$26,2452015Revenue 2016: $255,785Expenses 2016: $196,316Net Income 2016: $59,4692016Revenue 2016: $286,919Expenses 2016: $196,316Net Income 2016: $90,6032016Revenue 2017: $255,476Expenses 2017: $199,829Net Income 2017: $55,6472017Revenue 2018: $342,213Expenses 2018: $235,226Net Income 2018: $106,9872018Revenue 2019: $233,500Expenses 2019: $229,355Net Income 2019: $4,1452019Revenue 2020: $150,952Expenses 2020: $136,705Net Income 2020: $14,2472020Revenue 2021: $228,663Expenses 2021: $160,981Net Income 2021: $67,6822021Revenue 2022: $778,319Expenses 2022: $242,970Net Income 2022: $535,3492022Revenue 2023: $627,969Expenses 2023: $393,353Net Income 2023: $234,6162023Revenue 2024: $405,796Expenses 2024: $470,685Net Income 2024: -$64,8892024

Highlighted filing

2016

Revenue$255,785
Expenses$196,316
Net Income$59,469
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$265,009
Mission and Program Overview

Mission

The organization is a multi-purpose cultural arts venue providing performance, exhibit, studio and reception space for artists and art cultural organizations to enrich the ypsilanti community through the arts and cultural experiences.

The organization is a multi-purpose cultural arts venue providing performance, exhibit, studio and reception space for artists and art cultural organizations to enrich the ypsilanti community through the arts and cultural experiences. In addition, arts related programs such as art and theater camps and classes are offered for youth and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$29,949$87,206▲ $57,257
Land, Buildings, and Equipment, Net$55,256$76,178▲ $20,922
Savings and Temporary Cash Investments$20,033$20,053▲ $20
Pledges and Grants Receivable$2,100$1,200▼ $900
Prepaid Expenses and Deferred Charges$2,080$877▼ $1,203
Total Assets$109,418$185,514▲ $76,096
Liabilities
Deferred Revenue-$15,964-
Accounts Payable and Accrued Expenses$3,904$3,867▼ $37
Other Liabilities$2,730$3,430▲ $700
Total Liabilities$6,634$23,261▲ $16,627
Net Assets / Fund Balance
Unrestricted Net Assets$102,784$162,253▲ $59,469
Total Net Assets Fund Balance$102,784$162,253▲ $59,469
Total Liabilities and Net Assets / Fund Balance$109,418$185,514▲ $76,096

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$76,178$77,125$153,303
Equipment-$19,611$19,611
Other Land Buildings-$5,295$5,295
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Will HathawayExecutive DiFT$48,792$48,792

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$97,305
Program Service Revenue
$80,161
Investment Income
$22
Other Revenue
$78,297
All Other Contributions
$93,555
Change in Net Assets
$59,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,316
Salaries, Compensation, and Employee Benefits$56,250
Grants and Similar Amounts Paid$23,750
Total Fundraising Expense$2,571
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,594$12,198-$48,792
Occupancy$47,422--$47,422
Fees for Services Other$31,820--$31,820
Grants to Domestic Orgs$23,750--$23,750
Office Expenses$4,295-$2,571$6,866
Fees for Services Accounting-$6,000-$6,000
Information Technology$4,382$1,095-$5,477
Depreciation Depletion$4,119--$4,119
Payroll Taxes$2,968$990-$3,958
Other Salaries and Wages$3,500--$3,500
Insurance$1,446$482-$1,928
Other Expenses$1,347--$1,347
All Other Expenses$1,280--$1,280
Travel$302--$302
Total Functional Expenses$172,980$20,765$2,571$196,316
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
First Friday of YpsilantiYpsilanti, MI501Economic Development$23,750
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$86,581
Fundraising Direct Expenses$9,224
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall for Arts$84,541$84,541$6,696$77,845
Total Events$84,541$84,541$9,224$75,317
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$3,430
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
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

Form 990 is prepared by the treasurer and is first submitted for initial review by the executive committee. Upon their approval of the draft form 990, the entire 990 return is circulated to the entire board of directors for their comments and review. Finally, the board members must vote to approve such 990 return prior to its submission to the irs.

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

Compensation is subject to review by president and executive committee

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Riverside Arts Center
EIN
38-3228817
Phone
7344802787
Address
76 N HURON ST, YPSILANTI, MI 48197

Signing Officer

Name
Donald Loppnow
Title
President
Phone
7344802787
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Loppnow
Formed
1994
Legal Domicile
Mi
Voting Board Members
19
Independent Board Members
19
Employees
2
Volunteers
10

Preparer

Firm
Edwards Ellis Armstrong & Co Pc
Address
206 S 4TH AVE, ANN ARBOR, MI 48104-2102
Preparer
David W Armstrong CPA
Phone
7346620277
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization is a multi-purpose cultural arts venue providing performance, exhibit, studio and reception space for artists and art cultural organizations to enrich the ypsilanti community through the arts and cultural experiences. In addition, arts related programs such as art and theater camps and classes are offered for youth and adults.

Form 990, Page 1, Part I, Line 6

The organization utilizes the donated services of various board members to assist in the day-to-day operation of the facility. Such services include but are not limited to: theater and dance studio rental, general facility maintenance, legal and accounting services and info tech support services. The estimated value of these services has been included in the organization's revenues and expenses.

Form 990, Part IX, Line 11G

Website/social media services 9,369 0 0 dance studio services 2,400 0 0 theater support services 2,400 0 0 theater - other 480 0 0 other-contractors 1,860 0 0 art gallery expenses 15,311 0 0 total 31,820 0 0

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IRS990/OfficeExpensesGrp/FundraisingAmt02571
IRS990/OfficeExpensesGrp/ProgramServicesAmt04295
IRS990/OfficeExpensesGrp/TotalAmt06866
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0WINTER ART TOURS
IRS990/OtherExpensesGrp/Desc1DONATED SUPPLIES/MATERIAL
IRS990/OtherExpensesGrp/Desc2LICENSE AND FEES
IRS990/OtherExpensesGrp/Desc3OFFICE OPERATION
IRS990/OtherExpensesGrp/ProgramServicesAmt03641
IRS990/OtherExpensesGrp/ProgramServicesAmt13600
IRS990/OtherExpensesGrp/ProgramServicesAmt22514
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IRS990/OtherExpensesGrp/TotalAmt22514
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IRS990/OtherRevenueMiscGrp/BusinessCd0711300
IRS990/OtherRevenueMiscGrp/Desc0UTILITY REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0940
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IRS990/OtherRevenueTotalAmt0940
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03500
IRS990/OtherSalariesAndWagesGrp/TotalAmt03500
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0990
IRS990/PayrollTaxesGrp/ProgramServicesAmt02968
IRS990/PayrollTaxesGrp/TotalAmt03958
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02100
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IRS990/ProgramServiceRevenueGrp/Desc1DANCE STUDIO RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2OFF-CENTER FLOOR 1 RENTAL
IRS990/ProgramServiceRevenueGrp/Desc3GALLERY
IRS990/ProgramServiceRevenueGrp/Desc4ARTIST STUDIO RENTAL
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117982
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212452
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt39334
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IRS990/PYContributionsGrantsAmt044818
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt07150
IRS990/PYInvestmentIncomeAmt020
IRS990/PYOtherExpensesAmt0103432
IRS990/PYOtherRevenueAmt016205
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IRS990/PYRevenuesLessExpensesAmt0-26245
IRS990/PYSalariesCompEmpBnftPaidAmt047497
IRS990/PYTotalExpensesAmt0158079
IRS990/PYTotalRevenueAmt0131834
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt059469
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt080161
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020033
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020053
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt024723
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt073424
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt024240
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0370540
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt02531
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0265009
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0140015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt039566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0124825
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt068166
IRS990ScheduleA/Total509Grp/TotalAmt0637581
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0265009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0140015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt039566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0124825
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt068166
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0637581
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019611
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019611
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt076178
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077125

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.23$0.41$0.47$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.02$1.21$0.63$0.39$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.02$0.98$0.78$0.24$0.54
2021Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.44$0.23$0.16$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.37$0.15$0.14$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.36$0.23$0.23$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.05$0.36$0.34$0.24$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.03$0.25$0.26$0.20$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.29$0.20$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.19$0.02$0.16$0.26$0.20$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$0.13$0.16$0.03
2014Summary only. Only limited summary data is available for this year.$0.14$0.01$0.12$0.11$0.02
2013Summary only. Only limited summary data is available for this year.$0.12$0.00$0.07$0.08$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.09$0.08$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.10$0.07$0.03