Civic Intelligence

Chippewa Valley Cultural Association Inc.

990 • Fiscal year 2022 • EIN 39-1236476

Dec 01, 2021 to Nov 30, 2022 • Filed on Mar 18, 2023

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.38x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

16th percentile

-17%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$75,133

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-45%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,337,599

Down $173,224 (-11%) from 2021

Net Assets

Down

$1,179,202

Down $148,501 (-11%) from 2021

Liabilities

Down

$158,397

Down $24,723 (-14%) from 2021

Revenue

Down

$411,482

Down $336,044 (-45%) from 2021

Expenses

Up

$482,546

Up $65,469 (+16%) from 2021

Net Income

Down

-$71,064

Down $401,513 (-122%) from 2021

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

2022

Assets$1,337,599
Liabilities$158,397
Net Assets$1,179,202

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

2022

Revenue$411,482
Expenses$482,546
Net Income-$71,064
Jump To
Filing Snapshot
Filing Period
Dec 1, 2021 to Nov 30, 2022
Signed
Mar 18, 2023
Return Version
2021v4.0
Gross Receipts
$411,482
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$631,482$561,108▼ $70,374
Savings and Temporary Cash Investments$518,484$375,311▼ $143,173
Land, Buildings, and Equipment, Net$213,709$217,942▲ $4,233
Investments in Publicly Traded Securities$80,576$94,770▲ $14,194
Cash and Non-Interest-Bearing Accounts$50,570$79,808▲ $29,238
Accounts Receivable$6,487$6,895▲ $408
Prepaid Expenses and Deferred Charges$9,515$1,765▼ $7,750
Total Assets$1,510,823$1,337,599▼ $173,224
Liabilities
Mortgage Notes Payable Secured by Investment Property$149,186$122,221▼ $26,965
Accounts Payable and Accrued Expenses$18,618$22,856▲ $4,238
Deferred Revenue$15,316$13,320▼ $1,996
Total Liabilities$183,120$158,397▼ $24,723
Net Assets / Fund Balance
Net Assets With Donor Restrictions$546,283$590,173▲ $43,890
Net Assets Without Donor Restrictions$781,420$589,029▼ $192,391
Total Net Assets Fund Balance$1,327,703$1,179,202▼ $148,501
Total Liabilities and Net Assets / Fund Balance$1,510,823$1,337,599▼ $173,224

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$183,326$1,621,192$1,804,518
Equipment$18,184$86,792$104,976
Land$16,432-$16,432
Other Securities$561,108--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$712,057$1,125▼ $47,030$23,940$635,910
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debra JohnsonExecutive DiFT$72,945$2,188$75,133

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$158,564
Program Service Revenue
$220,128
Investment Income
$25,157
Other Revenue
$7,633
All Other Contributions
$130,382
Change in Net Assets
$-71,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,032
Salaries, Compensation, and Employee Benefits$166,216
Professional Fundraising Fees$7,298
Total Fundraising Expense$7,298
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,591--$81,591
Current Officers, Directors, Trustees, and Key Employees$72,945--$72,945
Advertising$35,574--$35,574
Occupancy$29,510--$29,510
Depreciation Depletion$22,822--$22,822
Office Expenses$17,543--$17,543
Insurance$14,880--$14,880
Fees for Services Other$12,176--$12,176
Payroll Taxes$11,680--$11,680
All Other Expenses$10,485--$10,485
Interest$7,375--$7,375
Fees for Services Professional Fundraising--$7,298$7,298
Fees for Services Accounting-$6,960-$6,960
Other Expenses$6,404--$6,404
Total Functional Expenses$468,288$6,960$7,298$482,546
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$7,298
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
2023-03-18

Organization Details

Principal Officer
Debra Johnson
Formed
1976
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
9
Volunteers
228

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/TotalRevenueColumnAmt39589
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt057772
IRS990/ProgSrvcAccomActy2Grp/Desc0VISUAL ART EXHIBITS IN FY21/22, THE CVCA/HEYDE CENTER HOSTED SEVEN DIFFERENT EXHIBITS FEATURING THE WORK OF LOCAL ARTISTS. TWO OF THE EXHIBITS WERE A COLLABORATION BETWEEN THE CVCA/HEYDE CENTER AND THE CHIPPEWA FALLS PUBLIC SCHOOL DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08071
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012303
IRS990/ProgSrvcAccomActy3Grp/Desc0ART CLASSES IN FY21/22, THE CVCA/HEYDE CENTER HELD 9 ART CLASSES AND A FREE MONTHLY BASICS CLASS FOR PEOPLE WHO CANNOT AFFORD ART SUPPLIES AND CLASSES. THE FREE MONTHLY CLASS IS TAUGHT BY A VOLUNTEER INSTRUCTOR WITH SUPPORT FROM ART STUDENTS FROM THE CHIPPEWA FALLS HIGH SCHOOL.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05869
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt09589
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER EXPENSES NOT DIRECTLY ALLOCATED TO PROGRAM SERVICES SUCH AS PUBLICITY ADVERTISING, BUILDING MAINTENANCE AND REPAIR, FACILITY RENTAL COST, AND MEMBER SERVICES/ADMINISTRATION.
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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