Civic Intelligence

Layton Art Collection Inc.

990 • Fiscal year 2014 • EIN 39-1476621

Mar 01, 2013 to Feb 28, 2014 • Filed on Nov 04, 2014

Organization ProfileNONE
2444 West 16th StreetMilwaukee, WI 60608

(312) 829-6290

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

9th percentile

-34%

Higher net margin than 9% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

19th percentile

-5.2%

Faster asset growth than 19% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

10th percentile

-26%

Faster revenue growth than 10% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$1,120,092

Down $61,323 (-5.2%) from 2013

Net Assets

Down

$1,120,092

Down $61,323 (-5.2%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin9th percentile

Revenue

Down

$212,362

Down $76,045 (-26%) from 2013

Expenses

Up

$284,022

Up $127,293 (+81%) from 2013

Net Income

Down

-$71,660

Down $203,338 (-154%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,040,032Liabilities 2011: $0Net Assets 2011: $1,040,0322011Assets 2012: $1,038,735Liabilities 2012: $0Net Assets 2012: $1,038,7352012Assets 2013: $1,181,415Liabilities 2013: $0Net Assets 2013: $1,181,4152013Assets 2014: $1,120,092Liabilities 2014: $0Net Assets 2014: $1,120,0922014Assets 2015: $1,167,463Liabilities 2015: $0Net Assets 2015: $1,167,4632015Assets 2016: $1,178,457Liabilities 2016: $0Net Assets 2016: $1,178,4572016Assets 2017: $1,336,364Liabilities 2017: $0Net Assets 2017: $1,336,3642017Assets 2018: $1,263,611Liabilities 2018: $0Net Assets 2018: $1,263,6112018Assets 2019: $1,509,139Liabilities 2019: $0Net Assets 2019: $1,509,1392019Assets 2020: $1,656,299Liabilities 2020: $0Net Assets 2020: $1,656,2992020Assets 2021: $1,915,837Liabilities 2021: $0Net Assets 2021: $1,915,8372021Assets 2022: $1,681,881Liabilities 2022: $0Net Assets 2022: $1,681,8812022Assets 2023: $1,931,589Liabilities 2023: $0Net Assets 2023: $1,931,5892023Assets 2024: $2,156,774Liabilities 2024: $0Net Assets 2024: $2,156,7742024Assets 2025: $2,443,075Liabilities 2025: $0Net Assets 2025: $2,443,0752025

Highlighted filing

2014

Assets$1,120,092
Liabilities$0
Net Assets$1,120,092
Open 2014 Filing

Operations Trend

Revenue Growth10th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $46,1352011Expenses 2012: $65,3092012Revenue 2013: $288,407Expenses 2013: $156,729Net Income 2013: $131,6782013Revenue 2014: $212,362Expenses 2014: $284,022Net Income 2014: -$71,6602014Revenue 2015: $76,542Expenses 2015: $64,787Net Income 2015: $11,7552015Revenue 2016: $123,707Expenses 2016: $55,821Net Income 2016: $67,8862016Revenue 2017: $72,155Expenses 2017: $31,193Net Income 2017: $40,9622017Revenue 2018: $77,054Expenses 2018: $37,242Net Income 2018: $39,8122018Revenue 2019: $76,676Expenses 2019: $16,846Net Income 2019: $59,8302019Revenue 2020: $57,465Expenses 2020: $22,167Net Income 2020: $35,2982020Revenue 2021: $108,650Expenses 2021: $49,544Net Income 2021: $59,1062021Revenue 2022: $108,894Expenses 2022: $51,168Net Income 2022: $57,7262022Revenue 2023: $152,746Expenses 2023: $122,321Net Income 2023: $30,4252023Revenue 2024: $203,072Expenses 2024: $105,649Net Income 2024: $97,4232024Revenue 2025: $132,720Expenses 2025: $112,510Net Income 2025: $20,2102025

Highlighted filing

2014

Revenue$212,362
Expenses$284,022
Net Income-$71,660
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2013 to Feb 28, 2014
Signed
Nov 4, 2014
Return Version
2013v4.0
Gross Receipts
$755,384
Mission and Program Overview

Mission

Acqusition, exhibition and maintenance of the organizations permanent art collection.

Acquisition, exhibition and maintenance of the organization's permanent art collection

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,140,546$889,979▼ $250,567
Inventories for Sale or Use-$124,297-
Cash and Non-Interest-Bearing Accounts$40,869$105,816▲ $64,947
Total Assets$1,181,415$1,120,092▼ $61,323
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,011,619$999,742▼ $11,877
Temporarily Rstr Net Assets$169,796$120,350▼ $49,446
Total Net Assets Fund Balance$1,181,415$1,120,092▼ $61,323
Total Liabilities and Net Assets / Fund Balance$1,181,415$1,120,092▼ $61,323
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Eric VogelPresident/trustee
Frederick Vogel IiiVice President/trustee
George a Evans JrSecretary/trustee
Robert B WagnerTreasurer/trustee
Constance GodfreyTrustee
Joseph GromackiTrustee
Kathleen M HustonTrustee
Mary ReadTrustee
Polly H Van DykeTrustee
Thomas B FitzgeraldTrustee
William D Van DykeTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$120,562
Program Service Revenue
$0
Investment Income
$91,800
Other Revenue
$0
All Other Contributions
$120,562
Change in Net Assets
$-71,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$284,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$35,952$19,717-$19,717
Fees for Service Investment Mgmnt Fees-$11,144-$11,144
Fees for Services Accounting-$4,500-$4,500
All Other Expenses-$2,263-$2,263
Total Functional Expenses$246,398$37,624$0$284,022
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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
No
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, Part VI, Section A, Line 2

“Frederick vogel iii (vice president) is the father of eric vogel (president) and polly van dyke (trustee) is the wife of william van dyke (trustee).”

Form 990, Part VI, Section B, Line 11

“Copies of the form 990 are provided to all board members. The form 990 is then reviewed, discussed and approved by the board.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

EIN
39-1476621
Phone
3128296290

Signing Officer

Name
Douglas Seaman
Title
Treasurer
Phone
3128296290
Signed
2014-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Seaman
Formed
1888
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Preparer
David a Grotkin
Phone
4142717800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Neither the oversight or the selection process were changed during the tax year.”

Financial Statement Notes

PART III, LINE 1A:

“In accordance with accounting principles generally accepted in the united states of america, the organization's permanent art collection is not included in the statements of assets, liabilities and net assets. The costs of all works of art purchased are reported as a separate program expense. Proceeds from deaccessions of works of art are reported as revenue. There were no proceeds from deaccessions of art during the year ended february 29, 2013. The cost of artworks acquired prior to october 2, 1957, including artworks donated by the organization's founder are not determinable. The cost of artworks acquired after october 2, 1957 amount to $1,559,418 as of february 29, 2013. Gifts of cash or other property restricted by donors for the purchase of items for the collection are classified as temporarily restricted net assets until acquisitions are made in accordance with the terms of the gift.”

PART III, LINE 4:

“The collection is comprised of american and european paintings and american decorative arts.”

Schedule D, Part X, Line 2 Fin 48

“Schedule d, part x, line 2 fin 48 footnote: the organization does not report a liability for uncertain tax positions in its footnotes.”

Raw XML Appendix378 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0750386
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01258264
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01086953
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0970770
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0931972
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04998345
IRS990ScheduleA/TotalSupportAmt05122783
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE ORGANIZATION'S PERMANENT ART COLLECTION IS NOT INCLUDED IN THE STATEMENTS OF ASSETS, LIABILITIES AND NET ASSETS. THE COSTS OF ALL WORKS OF ART PURCHASED ARE REPORTED AS A SEPARATE PROGRAM EXPENSE. PROCEEDS FROM DEACCESSIONS OF WORKS OF ART ARE REPORTED AS REVENUE. THERE WERE NO PROCEEDS FROM DEACCESSIONS OF ART DURING THE YEAR ENDED FEBRUARY 29, 2013. THE COST OF ARTWORKS ACQUIRED PRIOR TO OCTOBER 2, 1957, INCLUDING ARTWORKS DONATED BY THE ORGANIZATION'S FOUNDER ARE NOT DETERMINABLE. THE COST OF ARTWORKS ACQUIRED AFTER OCTOBER 2, 1957 AMOUNT TO $1,559,418 AS OF FEBRUARY 29, 2013. GIFTS OF CASH OR OTHER PROPERTY RESTRICTED BY DONORS FOR THE PURCHASE OF ITEMS FOR THE COLLECTION ARE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL ACQUISITIONS ARE MADE IN ACCORDANCE WITH THE TERMS OF THE GIFT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE COLLECTION IS COMPRISED OF AMERICAN AND EUROPEAN PAINTINGS AND AMERICAN DECORATIVE ARTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHEDULE D, PART X, LINE 2 FIN 48 FOOTNOTE: THE ORGANIZATION DOES NOT REPORT A LIABILITY FOR UNCERTAIN TAX POSITIONS IN ITS FOOTNOTES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PART X, LINE 2 FIN 48
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FREDERICK VOGEL III (VICE PRESIDENT) IS THE FATHER OF ERIC VOGEL (PRESIDENT) AND POLLY VAN DYKE (TRUSTEE) IS THE WIFE OF WILLIAM VAN DYKE (TRUSTEE).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE FORM 990 ARE PROVIDED TO ALL BOARD MEMBERS. THE FORM 990 IS THEN REVIEWED, DISCUSSED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEITHER THE OVERSIGHT OR THE SELECTION PROCESS WERE CHANGED DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0169796
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0120350
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01181415
IRS990/TotalAssetsEOYAmt01120092
IRS990/TotalAssetsGrp/BOYAmt01181415
IRS990/TotalAssetsGrp/EOYAmt01120092
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0120562
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037624
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246398
IRS990/TotalFunctionalExpensesGrp/TotalAmt0284022
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01181415
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01120092
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0246398
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt091800
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0212362
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01181415
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01120092
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01011619
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0999742
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102444 WEST 16TH STREET
IRS990/USAddress/City0CHICAGO
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode060608
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS SEAMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03128296290
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine10LAYTON ART COLLECTION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine20C/O DOUGLAS SEAMAN ARCHISTORIC PRODUCTS
ReturnHeader/Filer/BusinessNameControlTxt0LAYT
ReturnHeader/Filer/EIN0391476621
ReturnHeader/Filer/PhoneNum03128296290
ReturnHeader/Filer/USAddress/AddressLine102444 WEST 16TH STREET
ReturnHeader/Filer/USAddress/City0CHICAGO
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode060608
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390747409
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10REILLY PENNER & BENTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101233 NORTH MAYFAIR ROAD SUITE 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MILWAUKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0532263255
ReturnHeader/PreparerPersonGrp/PhoneNum04142717800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A GROTKIN
ReturnHeader/ReturnTs02015-01-15T15:40:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-03-01
ReturnHeader/TaxPeriodEndDt02014-02-28
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,120,092
Liabilities
$0
Net assets
$1,120,092
Revenue
$212,362
Expenses
$284,022
Net income
-$71,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$0.13$0.11$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.20$0.11$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.15$0.12$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.11$0.05$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.11$0.05$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.06$0.02$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.08$0.02$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.08$0.04$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.07$0.03$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.12$0.06$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.08$0.06$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.21$0.28$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.00$1.18$0.29$0.16$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$0.05