Civic Intelligence

Monroe Arts Center Inc.

990 • Fiscal year 2016 • EIN 39-1209502

Sep 01, 2015 to Aug 31, 2016 • Filed on May 16, 2017

P O Box 472Monroe, WI 53566

(608) 325-5700

Siviq Scores

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

Liabilities / Assets

67th percentile

0.26x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

1.21x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

46th percentile

$54,947

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,058,492

Up $1,332,847 (+49%) from 2015

Net Assets

Up

$2,998,476

Up $546,868 (+22%) from 2015

Liabilities

Up

$1,060,016

Up $785,979 (+287%) from 2015

Revenue

Down

$878,744

Down $190,348 (-18%) from 2015

Expenses

Down

$331,876

Down $121,947 (-27%) from 2015

Net Income

Down

$546,868

Down $68,401 (-11%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,374,080Liabilities 2010: $914,856Net Assets 2010: $459,2242010Assets 2011: $833,584Liabilities 2011: $94,689Net Assets 2011: $738,8952011Assets 2012: $1,232,992Liabilities 2012: $144,160Net Assets 2012: $1,088,8322012Assets 2013: $1,520,744Liabilities 2013: $114,175Net Assets 2013: $1,406,5692013Assets 2014: $1,964,816Liabilities 2014: $128,477Net Assets 2014: $1,836,3392014Assets 2015: $2,725,645Liabilities 2015: $274,037Net Assets 2015: $2,451,6082015Assets 2016: $4,058,492Liabilities 2016: $1,060,016Net Assets 2016: $2,998,4762016Assets 2017: $3,898,047Liabilities 2017: $649,018Net Assets 2017: $3,249,0292017Assets 2018: $4,488,874Liabilities 2018: $109,234Net Assets 2018: $4,379,6402018Assets 2019: $4,617,442Liabilities 2019: $254,329Net Assets 2019: $4,363,1132019Assets 2020: $4,467,083Liabilities 2020: $185,523Net Assets 2020: $4,281,5602020Assets 2021: $4,477,268Liabilities 2021: $191,413Net Assets 2021: $4,285,8552021Assets 2022: $4,296,877Liabilities 2022: $110,918Net Assets 2022: $4,185,9592022Assets 2023: $4,678,252Liabilities 2023: $104,598Net Assets 2023: $4,573,6542023Assets 2024: $4,562,401Liabilities 2024: $167,449Net Assets 2024: $4,394,9522024Assets 2025: $4,398,731Liabilities 2025: $115,775Net Assets 2025: $4,282,9562025

Highlighted filing

2016

Assets$4,058,492
Liabilities$1,060,016
Net Assets$2,998,476

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $319,4752010Expenses 2011: $363,6122011Expenses 2012: $298,4892012Revenue 2013: $786,039Expenses 2013: $468,302Net Income 2013: $317,7372013Revenue 2014: $737,635Expenses 2014: $307,865Net Income 2014: $429,7702014Revenue 2015: $1,069,092Expenses 2015: $453,823Net Income 2015: $615,2692015Revenue 2016: $878,744Expenses 2016: $331,876Net Income 2016: $546,8682016Revenue 2017: $672,789Expenses 2017: $422,236Net Income 2017: $250,5532017Revenue 2018: $1,648,192Expenses 2018: $517,581Net Income 2018: $1,130,6112018Revenue 2019: $493,511Expenses 2019: $510,038Net Income 2019: -$16,5272019Revenue 2020: $440,922Expenses 2020: $522,475Net Income 2020: -$81,5532020Revenue 2021: $437,500Expenses 2021: $433,205Net Income 2021: $4,2952021Revenue 2022: $410,078Expenses 2022: $509,974Net Income 2022: -$99,8962022Revenue 2023: $916,000Expenses 2023: $528,305Net Income 2023: $387,6952023Revenue 2024: $428,239Expenses 2024: $606,941Net Income 2024: -$178,7022024Revenue 2025: $433,745Expenses 2025: $545,741Net Income 2025: -$111,9962025

Highlighted filing

2016

Revenue$878,744
Expenses$331,876
Net Income$546,868
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
May 16, 2017
Return Version
2015v3.0
Gross Receipts
$928,172
Mission and Program Overview

Mission

MISSION STATEMENT:The mission of the Monroe Arts Center is threefold: to nurture an appreciation of the arts, to aid individual creative development, and to ensure the preservation and integrity of our historic facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$735,402$3,672,492▲ $2,937,090
Pledges and Grants Receivable$242,748$200,228▼ $42,520
Prepaid Expenses and Deferred Charges$100,296$100,509▲ $213
Savings and Temporary Cash Investments$1,193,728$49,698▼ $1,144,030
Cash and Non-Interest-Bearing Accounts$453,471$35,565▼ $417,906
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,725,645$4,058,492▲ $1,332,847
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$747,701-
Accounts Payable and Accrued Expenses$169,677$194,849▲ $25,172
Deferred Revenue$104,360$117,466▲ $13,106
Total Liabilities$274,037$1,060,016▲ $785,979
Net Assets / Fund Balance
Unrestricted Net Assets$1,102,482$2,986,143▲ $1,883,661
Temporarily Rstr Net Assets$1,349,126$12,333▼ $1,336,793
Total Net Assets Fund Balance$2,451,608$2,998,476▲ $546,868
Total Liabilities and Net Assets / Fund Balance$2,725,645$4,058,492▲ $1,332,847

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,620,131$221,029$3,841,160
Other Land Buildings$23,428$46,749$70,177
Leasehold Improvements$8,933$26,585$35,518
Land$20,000-$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard DanielsExecutive DirectorFT$54,947$54,947
Lori GrinnellProgram CoordinatorPT$28,461$28,461

Board Members and Trustees

NameTitle
Kevin CallahanPresident
John BaumannVice President
Bob DuxstadDirector
Christine WellingtonDirector
David BuskerDirector
Don AmphlettDirector
Gary BurchDirector
Hans BernetDirector
Julie BuchananDirector
Mary SoddyDirector
Patricia CarterDirector
Ryan ZiltnerDirector
Steve BorowskiDirector
Sue BarrettDirector
Wendy Weiler ErbDirector
Christine KnutesonSecretary
Marc FarmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$759,519
Program Service Revenue
$94,005
Investment Income
$1,567
Other Revenue
$23,653
All Other Contributions
$622,388
Change in Net Assets
$546,868

Audited Revenue Reconciliation

Revenue per Audited Statements
$878,744
Revenue Not Reported on Form 990
$101,337
Total Revenue per Audited Statements
$980,081
Total Revenue per Form 990
$878,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,639
Salaries, Compensation, and Employee Benefits$120,237
Total Fundraising Expense$16,875
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$41,704$41,704-$83,408
Other Salaries and Wages$14,641$14,641-$29,282
All Other Expenses$16,621$4,350$2,360$23,331
Depreciation Depletion$16,017$4,004-$20,021
Interest--$14,252$14,252
Office Expenses$7,249$5,932$263$13,444
Occupancy$8,738$2,185-$10,923
Payroll Taxes$3,774$3,773-$7,547
Other Expenses$7,000$4,739-$7,000
Insurance$4,313$1,078-$5,391
Fees for Services Accounting$2,625$2,625-$5,250
Advertising$1,814$454-$2,268
Total Functional Expenses$229,516$85,485$16,875$331,876

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$433,214
Expenses per Audited Statements$331,876
Total Expenses per Form 990$331,876
Expenses Not Reported on Form 990$101,338
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$58,620
Fundraising Direct Expenses$13,093
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of Spring$44,384$44,384$12,903$31,481
Silent Auction$14,236$14,236$190$14,046
Total Events$58,620$58,620$13,093$45,527
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
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, Line 11B: Form 990 Review Process

Executive director maintains a copy of the return, and board members may review it if desired.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request

Filing and Contact Details

Filer

Filer Name
Monroe Arts Center Inc
EIN
39-1209502
Phone
6083255700
Address
P O Box 472, Monroe, WI 53566

Signing Officer

Name
Richard Daniels
Title
Director
Signed
2017-05-16
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
Wi
Voting Board Members
18
Independent Board Members
18
Employees
6
Volunteers
90

Preparer

Firm
Reffue Pas Jacobson Knox & Koster LLP
Address
901 16th Ave, Monroe, WI 53566-1763
Preparer
Edward J Pas CPA
Phone
6083252141
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Rental expenses offset against rental $0 income in Part VIII, line 6b $36335 Rounding $2

Part XII, Line 2D: Other expenses and losses per audited F/S

Rental expenses offset against rental $0 income in Part VIII, line 6b $36335 Rounding $3

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Program Coordinator
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IRS990/FormationYr01975
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossRentsGrp/RealAmt013835
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01078
IRS990/InsuranceGrp/ProgramServicesAmt04313
IRS990/InsuranceGrp/TotalAmt05391
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IRS990/InterestGrp/FundraisingAmt014252
IRS990/InterestGrp/TotalAmt014252
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/LandBldgEquipCostOrOtherBssAmt03966855
IRS990/LegalDomicileStateCd0WI
IRS990/LessRentalExpensesGrp/RealAmt036335
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0false
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IRS990/MissionDesc0MISSION STATEMENT:The mission of the Monroe Arts Center is threefold: to nurture an appreciation of the arts, to aid individual creative development, and to ensure the preservation and integrity of our historic facility.
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt045527
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-22500
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IRS990/OccupancyGrp/ProgramServicesAmt08738
IRS990/OccupancyGrp/TotalAmt010923
IRS990/OfficeExpensesGrp/FundraisingAmt0263
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05932
IRS990/OfficeExpensesGrp/ProgramServicesAmt07249
IRS990/OfficeExpensesGrp/TotalAmt013444
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Artist & Performer Fees
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2Performance Related Expenses
IRS990/OtherExpensesGrp/Desc3Endowment Outlays
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IRS990/OtherExpensesGrp/ProgramServicesAmt066784
IRS990/OtherExpensesGrp/ProgramServicesAmt118957
IRS990/OtherExpensesGrp/ProgramServicesAmt219279
IRS990/OtherExpensesGrp/ProgramServicesAmt37000
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IRS990/OtherExpensesGrp/TotalAmt123696
IRS990/OtherExpensesGrp/TotalAmt219279
IRS990/OtherExpensesGrp/TotalAmt37000
IRS990/OtherRevenueMiscGrp/Desc0Misc Admin Income
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IRS990/OtherRevenueTotalAmt0626
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014641
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt014641
IRS990/OtherSalariesAndWagesGrp/TotalAmt029282
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03773
IRS990/PayrollTaxesGrp/ProgramServicesAmt03774
IRS990/PayrollTaxesGrp/TotalAmt07547
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200228
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0100296
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100509
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt094005
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0936541
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01781
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0339967
IRS990/PYOtherRevenueAmt035278
IRS990/PYProgramServiceRevenueAmt095492
IRS990/PYRevenuesLessExpensesAmt0615269
IRS990/PYSalariesCompEmpBnftPaidAmt0113856
IRS990/PYTotalExpensesAmt0453823
IRS990/PYTotalRevenueAmt01069092
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0546868
IRS990/RegularMonitoringEnfrcInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.40$0.12$4.28$0.43$0.55$0.11
2024Detailed filing. Detailed filing data is available for this year.$4.56$0.17$4.39$0.43$0.61$0.18
2023Detailed filing. Detailed filing data is available for this year.$4.68$0.10$4.57$0.92$0.53$0.39
2022Detailed filing. Detailed filing data is available for this year.$4.30$0.11$4.19$0.41$0.51$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.48$0.19$4.29$0.44$0.43$0.00
2020Detailed filing. Detailed filing data is available for this year.$4.47$0.19$4.28$0.44$0.52$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.62$0.25$4.36$0.49$0.51$0.02
2018Detailed filing. Detailed filing data is available for this year.$4.49$0.11$4.38$1.65$0.52$1.13
2017Detailed filing. Detailed filing data is available for this year.$3.90$0.65$3.25$0.67$0.42$0.25
2016Detailed filing. Detailed filing data is available for this year.$4.06$1.06$3.00$0.88$0.33$0.55
2015Detailed filing. Detailed filing data is available for this year.$2.73$0.27$2.45$1.07$0.45$0.62
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.13$1.84$0.74$0.31$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.11$1.41$0.79$0.47$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.14$1.09$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.09$0.74$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.91$0.46$0.32