Civic Intelligence

Chippewa Valley Cultural Association Inc.

990 • Fiscal year 2015 • EIN 39-1236476

Dec 01, 2014 to Nov 30, 2015 • Filed on Feb 18, 2016

3 South High StreetChippewa Falls, WI 54729

(715) 723-4461

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

60th percentile

0.08x

Higher debt load relative to revenue than 60% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$54,277

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 17.6% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

16th percentile

-11%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

34th percentile

-3.8%

Faster revenue growth than 34% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$862,206

Down $101,829 (-11%) from 2014

Net Assets

Down

$837,588

Down $112,526 (-12%) from 2014

Liabilities

Up

$24,618

Up $10,697 (+77%) from 2014

Revenue

Down

$307,719

Down $12,195 (-3.8%) from 2014

Expenses

Up

$405,901

Up $23,699 (+6.2%) from 2014

Net Income

Down

-$98,182

Down $35,894 (-58%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,200,854Liabilities 2010: $94,186Net Assets 2010: $1,106,6682010Assets 2011: $1,019,915Liabilities 2011: $45,807Net Assets 2011: $974,1082011Assets 2012: $1,055,199Liabilities 2012: $45,449Net Assets 2012: $1,009,7502012Assets 2013: $1,018,567Liabilities 2013: $34,835Net Assets 2013: $983,7322013Assets 2014: $964,035Liabilities 2014: $13,921Net Assets 2014: $950,1142014Assets 2015: $862,206Liabilities 2015: $24,618Net Assets 2015: $837,5882015Assets 2016: $864,461Liabilities 2016: $28,238Net Assets 2016: $836,2232016Assets 2017: $906,592Liabilities 2017: $33,787Net Assets 2017: $872,8052017Assets 2018: $1,058,523Liabilities 2018: $168,084Net Assets 2018: $890,4392018Assets 2019: $1,055,840Liabilities 2019: $168,822Net Assets 2019: $887,0182019Assets 2020: $1,164,286Liabilities 2020: $213,636Net Assets 2020: $950,6502020Assets 2021: $1,510,823Liabilities 2021: $183,120Net Assets 2021: $1,327,7032021Assets 2022: $1,337,599Liabilities 2022: $158,397Net Assets 2022: $1,179,2022022Assets 2023: $1,297,026Liabilities 2023: $47,983Net Assets 2023: $1,249,0432023Assets 2024: $1,291,589Liabilities 2024: $55,244Net Assets 2024: $1,236,3452024

Highlighted filing

2015

Assets$862,206
Liabilities$24,618
Net Assets$837,588

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $375,8812010Expenses 2011: $392,9992011Expenses 2012: $392,1782012Revenue 2013: $301,644Expenses 2013: $380,230Net Income 2013: -$78,5862013Revenue 2014: $319,914Expenses 2014: $382,202Net Income 2014: -$62,2882014Revenue 2015: $307,719Expenses 2015: $405,901Net Income 2015: -$98,1822015Revenue 2016: $358,009Expenses 2016: $387,118Net Income 2016: -$29,1092016Revenue 2017: $425,638Expenses 2017: $456,979Net Income 2017: -$31,3412017Revenue 2018: $469,076Expenses 2018: $444,703Net Income 2018: $24,3732018Revenue 2019: $433,856Expenses 2019: $484,468Net Income 2019: -$50,6122019Revenue 2020: $401,823Expenses 2020: $388,034Net Income 2020: $13,7892020Revenue 2021: $747,526Expenses 2021: $417,077Net Income 2021: $330,4492021Revenue 2022: $411,482Expenses 2022: $482,546Net Income 2022: -$71,0642022Revenue 2023: $622,943Expenses 2023: $540,509Net Income 2023: $82,4342023Revenue 2024: $458,863Expenses 2024: $560,869Net Income 2024: -$102,0062024

Highlighted filing

2015

Revenue$307,719
Expenses$405,901
Net Income-$98,182
Jump To
Filing Snapshot
Filing Period
Dec 1, 2014 to Nov 30, 2015
Signed
Feb 18, 2016
Return Version
2014v6.0
Gross Receipts
$317,904
Mission and Program Overview

Mission

The chippewa valley cultural association (cvca) was formed in 1976 to accomplish two main goals: (1) to save the old mcdonell memorial high school building from destruction and restore it as a venue for the creative industry in the chippewa valley; and (2) to provide a venue and an opportunity for local artists, performers, writers and creative producers to explore, grow and share their talents with others in the region and beyond. Additionally, the cvca seeks to bring in gifted individuals and groups from outside the region as well with the vision of exposing chippewa valley residents to the talents of people from all over the world.

To renovate and preserve a historic building to provide a cultural center in order to stimulate community involvement and interest in all forms of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$511,023$486,519▼ $24,504
Land, Buildings, and Equipment, Net$327,708$249,375▼ $78,333
Investments in Publicly Traded Securities$83,985$78,126▼ $5,859
Savings and Temporary Cash Investments$812$40,728▲ $39,916
Cash and Non-Interest-Bearing Accounts$36,087$4,298▼ $31,789
Accounts Receivable$4,420$3,160▼ $1,260
Total Assets$964,035$862,206▼ $101,829
Liabilities
Deferred Revenue$7,280$14,018▲ $6,738
Accounts Payable and Accrued Expenses$6,641$10,600▲ $3,959
Total Liabilities$13,921$24,618▲ $10,697
Net Assets / Fund Balance
Permanently Rstr Net Assets$523,993$525,643▲ $1,650
Unrestricted Net Assets$422,851$301,995▼ $120,856
Temporarily Rstr Net Assets$3,270$9,950▲ $6,680
Total Net Assets Fund Balance$950,114$837,588▼ $112,526
Total Liabilities and Net Assets / Fund Balance$964,035$862,206▼ $101,829

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$240,055$1,332,765$1,572,820
Equipment$9,320$70,088$79,408
Other Securities$486,356--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$595,008$6,510▼ $14,344$17,599$564,645
2014$588,909$223▲ $28,586$17,708$595,008
2013$555,261$602▲ $52,568$19,522$588,909
2012$434,658$82,401▲ $50,676$12,474$555,261
2011$446,392$525▼ $12,259-$434,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debra JohnsonExecutive DirectorFT$51,877$2,400$54,277

Board Members and Trustees

NameTitle
David Raihle JrPresident
Skip AugustVice President
David FishDirector
Mary Lynn ToycenDirector
Mike PopeDirector
Susanne TorrenceDirector
Nancy SchuhSecretary
Jim RaleighTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$78,210
Program Service Revenue
$217,937
Investment Income
$56
Other Revenue
$11,516
All Other Contributions
$59,816
Change in Net Assets
$-98,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,863
Salaries, Compensation, and Employee Benefits$114,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$78,333--$78,333
Current Officers, Directors, Trustees, and Key Employees$51,876--$51,876
Other Salaries and Wages$51,193--$51,193
Occupancy$24,083--$24,083
Advertising$21,529--$21,529
Office Expenses$13,156--$13,156
Insurance$11,133--$11,133
Payroll Taxes$10,369--$10,369
Fees for Services Other$7,728--$7,728
Fees for Services Accounting-$6,730-$6,730
All Other Expenses$6,603--$6,603
Fees for Service Investment Mgmnt Fees-$4,930-$4,930
Other Employee Benefits$600--$600
Other Expenses$391--$391
Interest$6--$6
Total Functional Expenses$394,241$11,660$0$405,901
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,113
Fundraising Direct Expenses$10,185
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Savoring the Arts$21,642$17,168$6,203$10,965
Total Events$21,642$17,168$9,228$7,940
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
Annual disclosure for covered persons
Yes
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
Yes
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 6

The organization's members do not have an ownership interest, but do participate in the organization's governance through voting rights at the chippewa valley cultural association's annual meeting. Voting classes of membership include basic individual membership, basic family membership, sustaining member, patron and benefactor.

Form 990, Part VI, Section A, Line 7A

The organization's members elect the board of directors during an annual membership meeting.

Form 990, Part VI, Section B, Line 11

A draft of the 990 is reviewed and approved by the executive committee of the board of directors before it is filed with the internal revenue service.

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

A formal conflict of interest policy has been adopted by the board of directors. Each director signs a statement disclosing any possible conflict of interest that the directors may have. Each director discloses to the board of directors, prior to any vote or other actions, any relationship which could be a conflict of interest as defined in the current conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The executive director's salary is initially determined by the board of directors by comparison to salaries of similar organizations. Thereafter, the executive director's rate increases are subject to the annual rate increases approved by the board and reevaluated by comparison to salaries of similar organizations approximately every three years.

Form 990, Part VI, Section C, Line 19

Public may view governing documents, conflict of interest policy, and financial statements at main office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Chippewa Valley Cultural Association Inc
EIN
39-1236476
Phone
7157234461
Address
3 SOUTH HIGH STREET, CHIPPEWA FALLS, WI 54729

Signing Officer

Name
Debra Johnson
Title
Executive Director
Phone
7157234461
Signed
2016-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra Johnson
Formed
1976
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
15
Volunteers
214

Preparer

Firm
Wipfli Llp
Address
3703 OAKWOOD HILLS PARKWAY, EAU CLAIRE, WI 54701
Preparer
Jay C Mayer CPA
Phone
7158323407
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Intended use of the organization's endowment funds endowment fund assets are invested at the community foundation of chippewa county and royal credit union in various mutual funds and fixed income securities pursuant to the chippewa valley cultural association, inc.'s investment objectives of subjecting the fund to moderate to low investment risk and providing its activities with current income.

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IRS990/ActivityOrMissionDesc0TO RENOVATE AND PRESERVE A HISTORIC BUILDING TO PROVIDE A CULTURAL CENTER IN ORDER TO STIMULATE COMMUNITY INVOLVEMENT AND INTEREST IN ALL FORMS OF THE ARTS.
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IRS990/Desc0PERFORMANCESTHE HEYDE CENTER FOR THE ARTS HOSTED 56 UNIQUE PERFORMING ARTS EVENTS (MUSIC, THEATER, DANCE, ETC.), 12 VISUAL ART EXHIBITS, AND 23 COMMUNITY DEVELOPMENT ACTIVITIES (HEALTH AND EDUCATIONAL GATHERINGS) DURING THE 2014 - 2015 FISCAL YEAR. ALL OF THE VISUAL ART EXHIBITS AND THE COMMUNITY DEVELOPMENT ACTIVITIES FEATURED LOCAL ARTISTS AND PARTICIPANTS. OF THE PERFORMING ARTS EVENTS, 61% OF THEM WERE LOCAL PERFORMERS, 21% WERE REGIONAL PERFORMERS (WESTERN WISCONSIN AREA), 14% WERE NATIONAL PERFORMERS AND 4% WERE INTERNATIONAL PERFORMERS. THERE WAS A WIDE VARIETY OF ARTS PROGRAMMING INCLUDING FOOD ARTISANS, ACROBATS, SCIENCE/ART PROGRAMS, STORYTELLERS, AND A MENTALIST.
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IRS990/MissionDesc0THE CHIPPEWA VALLEY CULTURAL ASSOCIATION (CVCA) WAS FORMED IN 1976 TO ACCOMPLISH TWO MAIN GOALS: (1) TO SAVE THE OLD MCDONELL MEMORIAL HIGH SCHOOL BUILDING FROM DESTRUCTION AND RESTORE IT AS A VENUE FOR THE CREATIVE INDUSTRY IN CHIPPEWA VALLEY; AND (2) TO PROVIDE A VENUE AND AN OPPORTUNITY FOR LOCAL ARTISTS, PERFORMERS, WRITERS AND CREATIVE PRODUCERS TO EXPLORE, GROW AND SHARE THEIR TALENTS WITH OTHERS IN THE REGION AND BEYOND. ADDITIONALLY, THE CVCA SEEKS TO BRING IN GIFTED INDIVIDUALS AND GROUPS FROM OUTSIDE THE REGION AS WELL WITH THE VISION OF EXPOSING CHIPPEWA VALLEY RESIDENTS TO THE TALENTS OF PEOPLE FROM ALL OVER THE WORLD.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ART SHOWSOVER 100 LOCAL ARTISTS EXHIBITED THEIR ARTWORK AT THE 51ST ANNUAL SPRING ART SHOW IN APRIL 2015. IN ADDITION, THERE WAS A SCHOOL DISTRICT WIDE EXHIBIT SHOWCASING ARTWORK FROM THE PUBLIC SCHOOLS IN MARCH 2015. THE CHIPPEWA VALLEY CULTURAL ASSOCIATION, INC. WORKS WITH INDIVIDUAL ARTISTS AND GROUPS OF ARTISTS TO OFFER EXHIBITION OPPORTUNITIES TO HUNDREDS OF LOCAL ARTISTS EACH YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02984
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IRS990/ProgSrvcAccomActy3Grp/Desc0PAINT-A-PALOOZADUE TO A DEMAND FOR ART WORKSHOPS, THE CHIPPEWA VALLEY CULTURAL ASSOCIATION, INC. OFFERED BASIC CLASSES IN PAINTING, PASTELS, AND MUSIC THROUGH ITS PAINT-A-PALOOZA SERIES. IN 2014 - 2015, THE CHIPPEWA VALLEY CULTURAL ASSOCIATION, INC. OFFERED 9 ARTS CLASSES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01724
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0264141
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IRS990/ReconcilationRevenueExpnssAmt0-98182
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd01
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0812
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070770
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0161767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0118347
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0739524
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0240055
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01332765
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01572820
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt06510
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-14344
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0223
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0595008
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt028586
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt017708
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0555261
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0602
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt052568

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.06$1.24$0.46$0.56$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.05$1.25$0.62$0.54$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.34$0.16$1.18$0.41$0.48$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.51$0.18$1.33$0.75$0.42$0.33
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.21$0.95$0.40$0.39$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.17$0.89$0.43$0.48$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.17$0.89$0.47$0.44$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.87$0.43$0.46$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.03$0.84$0.36$0.39$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.02$0.84$0.31$0.41$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$0.32$0.38$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.03$0.98$0.30$0.38$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.05$1.01$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.05$0.97$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.09$1.11$0.38
Peer Organizations

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