Civic Intelligence

Chippewa Valley Cultural Association Inc.

990 • Fiscal year 2021 • EIN 39-1236476

Dec 01, 2020 to Nov 30, 2021 • Filed on May 25, 2022

3 S High StreetChippewa Falls, WI 54703

(715) 723-4461

Siviq Scores

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

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.24x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

84th percentile

44%

Higher net margin than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$70,140

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

77th percentile

30%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

86%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,510,823

Up $346,537 (+30%) from 2020

Net Assets

Up

$1,327,703

Up $377,053 (+40%) from 2020

Liabilities

Down

$183,120

Down $30,516 (-14%) from 2020

Revenue

Up

$747,526

Up $345,703 (+86%) from 2020

Expenses

Up

$417,077

Up $29,043 (+7.5%) from 2020

Net Income

Up

$330,449

Up $316,660 (+2296%) from 2020

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

2021

Assets$1,510,823
Liabilities$183,120
Net Assets$1,327,703

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

2021

Revenue$747,526
Expenses$417,077
Net Income$330,449
Jump To
Filing Snapshot
Filing Period
Dec 1, 2020 to Nov 30, 2021
Signed
May 25, 2022
Return Version
2020v4.0
Gross Receipts
$748,330
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$584,967$631,482▲ $46,515
Savings and Temporary Cash Investments$246,572$518,484▲ $271,912
Land, Buildings, and Equipment, Net$232,090$213,709▼ $18,381
Investments in Publicly Traded Securities$79,522$80,576▲ $1,054
Cash and Non-Interest-Bearing Accounts$12,772$50,570▲ $37,798
Prepaid Expenses and Deferred Charges-$9,515-
Accounts Receivable$8,363$6,487▼ $1,876
Total Assets$1,164,286$1,510,823▲ $346,537
Liabilities
Mortgage Notes Payable Secured by Investment Property$182,873$149,186▼ $33,687
Accounts Payable and Accrued Expenses$14,635$18,618▲ $3,983
Deferred Revenue$16,128$15,316▼ $812
Total Liabilities$213,636$183,120▼ $30,516
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$406,709$781,420▲ $374,711
Net Assets With Donor Restrictions$543,941$546,283▲ $2,342
Total Net Assets Fund Balance$950,650$1,327,703▲ $377,053
Total Liabilities and Net Assets / Fund Balance$1,164,286$1,510,823▲ $346,537

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$185,021$1,602,138$1,787,159
Equipment$14,256$83,026$97,282
Land$14,432-$14,432
Other Securities$631,482--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$664,489$1,050▲ $88,846$21,976$712,057
2020$635,772$1,280▲ $55,651$22,406$664,489
2019$604,441$4,075▲ $53,056$20,413$635,295
2018$628,817$220▼ $682$17,887$603,964
2017$575,594$1,155▲ $73,635$15,854$628,440
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Debra JohnsonExecutive DiFT$70,140$70,140

Board Members and Trustees

NameTitle
Peter HolmPresident
Allyson WisniewskiDirector
Jennifer HeinzDirector
Mary Rose WilliDirector
Michael MartellDirector
Wendy KoppDirector
Ben SmasalPast Preside
Sandi HarbertsSecretary
Connie FreagonTreasurer
Ross WilsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$451,120
Program Service Revenue
$169,600
Investment Income
$22,292
Other Revenue
$104,514
All Other Contributions
$431,752
Change in Net Assets
$330,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,507
Salaries, Compensation, and Employee Benefits$162,325
Professional Fundraising Fees$3,245
Total Fundraising Expense$3,245
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,068--$80,068
Current Officers, Directors, Trustees, and Key Employees$70,140--$70,140
Depreciation Depletion$25,618--$25,618
Occupancy$23,747--$23,747
Advertising$18,690--$18,690
Office Expenses$14,309--$14,309
Insurance$12,464--$12,464
Payroll Taxes$12,117--$12,117
All Other Expenses$9,899--$9,899
Interest$8,221--$8,221
Fees for Services Other$7,316--$7,316
Other Expenses$6,539--$6,539
Fees for Services Accounting-$6,139-$6,139
Fees for Services Professional Fundraising--$3,245$3,245
Total Functional Expenses$407,693$6,139$3,245$417,077
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$3,245
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
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
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, Page 6, Part VI, 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 basis individual membership, basic family membership, sustaining member, patron and benefactor.

Form 990, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 11B

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, Page 6, Part VI, 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, Page 6, Part VI, 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 organizations approximately every three years.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Chippewa Valley Cultural
EIN
39-1236476
Phone
7157234461
Address
3 S HIGH STREET, CHIPPEWA FALLS, WI 54703

Signing Officer

Name
Debra Johnson
Title
Executive Director
Phone
7157234461
Signed
2022-05-25

Organization Details

Principal Officer
Debra Johnson
Formed
1976
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
11
Volunteers
120

Preparer

Firm
Bauman Associates Ltd
Address
PO BOX 1225, EAU CLAIRE, WI 54702-1225
Preparer
Nathan Kalepp CPA
Phone
7158342001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 2, Part III, Line 4D

Other expenses not directly allocated to program services such as publicity advertising, building maintenance and repair, facility rental cost, and member services/administration.

Form 990, Part XI, Line 9

NETTING 0 NETTING 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

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/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 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.
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45189
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt053577
IRS990/ProgSrvcAccomActy2Grp/Desc0VISUAL ARTS EXHIBITS: DUE TO THE PANDEMIC, THE CVCA HOSTED SIX ART EXHIBITS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04541
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05267
IRS990/ProgSrvcAccomActy3Grp/Desc0ART CLASSES: DUE TO THE PANDEMIC, ART CLASS ATTENDANCE WAS VERY LOW AND MANY CLASSES WERE CANCELED.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt09195
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0240263
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0139515
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01602138
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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