Civic Intelligence

Layton Art Collection Inc.

990 • Fiscal year 2019 • EIN 39-1476621

Jan 01, 2019 to Dec 31, 2019 • Filed on May 21, 2020

3432 N Lake DriveMilwaukee, WI 53211

(414) 630-0095

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

78%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

79th percentile

19%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.5%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,509,139

Up $245,528 (+19%) from 2018

Net Assets

Up

$1,509,139

Up $245,528 (+19%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$76,676

Down $378 (-0.5%) from 2018

Expenses

Down

$16,846

Down $20,396 (-55%) from 2018

Net Income

Up

$59,830

Up $20,018 (+50%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$1,509,139
Liabilities$0
Net Assets$1,509,139

Operations Trend

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

2019

Revenue$76,676
Expenses$16,846
Net Income$59,830
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 21, 2020
Return Version
2019v5.1
Gross Receipts
$76,676
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$1,112,765$1,367,697▲ $254,932
Inventories for Sale or Use$106,415$106,415→ $0
Savings and Temporary Cash Investments$37,431$25,027▼ $12,404
Cash and Non-Interest-Bearing Accounts$7,000$10,000▲ $3,000
Total Assets$1,263,611$1,509,139▲ $245,528
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$541,468$785,996▲ $244,528
Net Assets With Donor Restrictions$722,143$723,143▲ $1,000
Total Net Assets Fund Balance$1,263,611$1,509,139▲ $245,528
Total Liabilities and Net Assets / Fund Balance$1,263,611$1,509,139▲ $245,528

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$892,500-▲ $72,713-$965,213
2018$924,644-▼ $32,144-$892,500
2017$893,220-▲ $31,424-$924,644
2016$875,933-▲ $17,287-$893,220
2015$875,933---$875,933
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph GromackiPresident/trustee
Sarah SlaughterVice President/trustee
Jodi Rb EastbergSecretary/trustee
Douglas Seaman JrTreasurer (former)/trustee
Jock MutschlerTreasurer/trustee
Barbara Brown LeeTrustee
Bruce MurphyTrustee
John C EastbergTrustee
Kathryn Van DykeTrustee
Mary B ReadTrustee
Pam ShoversTrustee
Shinji Lee KaiserTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$29,200
Program Service Revenue
$0
Investment Income
$46,437
Other Revenue
$1,039
All Other Contributions
$29,200
Change in Net Assets
$59,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,846
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$9,573--$9,573
Fees for Service Investment Mgmnt Fees-$3,703-$3,703
Fees for Services Accounting-$3,570-$3,570
Total Functional Expenses$9,573$7,273$0$16,846
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Section A, Line 2

Jodi r.b. Eastberg (trustee) is the spouse of john c. Eastberg (trustee).

Form 990, Part VI, Section B, Line 11B

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

Filer Name
Layton Art Collection Inc
EIN
39-1476621
Phone
4146300095
Address
3432 N LAKE DRIVE, MILWAUKEE, WI 53211

Signing Officer

Name
Jock Mutschler
Title
Treasurer
Phone
4146300095
Signed
2020-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jock Mutschler
Formed
1888
Legal Domicile
Wi
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Sva Certified Public Accts Sc
Address
1221 JOHN Q HAMMONS DRIVE, MADISON, WI 53717
Preparer
Kirsten Houghton
Phone
6088318181
Supplemental Narrative

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, liabilites, and net assets. The costs of all works or 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 december 31, 2019. 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 december 31, 2019. 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 acquistions 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.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0155000
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02036
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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, LIABILITES, AND NET ASSETS. THE COSTS OF ALL WORKS OR 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 DECEMBER 31, 2019. 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 DECEMBER 31, 2019. 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 ACQUISTIONS 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.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III, LINE 4:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JODI R.B. EASTBERG (TRUSTEE) IS THE SPOUSE OF JOHN C. EASTBERG (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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01221 JOHN Q HAMMONS DRIVE
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Document Assets

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Filings

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