Civic Intelligence

Fine Arts Foundation Inc.

990EZ • Fiscal year 2019 • EIN 39-2018130

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

Organization Profilewww.fafwa.us/arts
PO Box 8 - 206 West Avenue SouthWestby, WI 54667

(608) 625-2162

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

7th percentile

-58%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

24th percentile

-15%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-44%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$270,847

Down $48,434 (-15%) from 2018

Net Assets

Down

$270,847

Down $48,434 (-15%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin7th percentile

Revenue

Down

$82,875

Down $66,308 (-44%) from 2018

Expenses

Down

$131,309

Down $5,743 (-4.2%) from 2018

Net Income

Down

-$48,434

Down $60,565 (-499%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$400K$300K$200K$100K$0Assets 2016: $277,030Liabilities 2016: $0Net Assets 2016: $277,0302016Assets 2017: $317,662Net Assets 2017: $317,6622017Assets 2018: $319,281Net Assets 2018: $319,2812018Assets 2019: $270,847Net Assets 2019: $270,8472019Assets 2020: $173,418Net Assets 2020: $173,4182020

Highlighted filing

2019

Assets$270,847
Liabilities-
Net Assets$270,847
Open 2019 Filing

Operations Trend

Revenue Growth11th percentile

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

$400K$200K$0-$200KRevenue 2016: $328,752Expenses 2016: $329,392Net Income 2016: -$6402016Revenue 2017: $128,081Expenses 2017: $89,715Net Income 2017: $38,3662017Revenue 2018: $149,183Expenses 2018: $137,052Net Income 2018: $12,1312018Revenue 2019: $82,875Expenses 2019: $131,309Net Income 2019: -$48,4342019Revenue 2020: $61,856Expenses 2020: $159,285Net Income 2020: -$97,4292020

Highlighted filing

2019

Revenue$82,875
Expenses$131,309
Net Income-$48,434
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$83,075
Mission and Program Overview

Mission

Our mission is to promote fine arts in the community. In addition to helping build a performing arts center in westby, wi, we will continue to support the arts and establish an endowment fund for future maintenance needs of the performing arts center.

Program Services

DescriptionGrantsExpenses
OUR ORGANIZATION PROMOTES FINE ARTS ACTIVITIES IN THE COMMUNITY BY PROVIDING PERFORMANCES, DISPLAYS, AND WORKSHOPS, ETC. OUR LONG TERM GOAL IS TO BUILD A PERFORMING ARTS CENTER IN WESTBY, WI. BUILDING HAS BEEN COMPLETED, BUT WE ARE STILL RAISING FUNDS NEEDED TO PAY THE SCHOOL FOR PART OF THE COST.$125,500-
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDA C DOWLINGPresidentPT$0--
SHARON NELSONDirectorPT$0--
ANN GIBBONSSecretaryPT$0--
SHARON L EVENSTADTreasurerPT$0--
KRISTINE STRANDDirectorPT$0--
LORI NESTNGENDirectorPT$0--
KAREN IHLE-TRAASTADVice PresidentPT$0--
MARY CHARLESDirectorPT$0--
MARGARET VEUMDirectorPT$0--
KATHLEEN ANDERSONDirectorPT$0--
LORI DE POOTERDirectorPT$0--
ADRIAN HENDRICKSONDirectorPT$0--
CODY ORGANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Fine Arts Foundation Inc
EIN
39-2018130
Phone
6086252162
Address
PO BOX 8 - 206 WEST AVENUE SOUTH, WESTBY, WI 54667

Signing Officer

Name
Sharon L Evenstad
Title
Treasurer
Signed
2020-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Evenstad Tax & Financial Services Inc
Address
114 S MAIN ST, WESTBY, WI 54667
Preparer
Patricia EvenstadEA
Phone
6086346887
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: WESTBY AREA SCHOOL DISTRICT | Donee's Address: 206 WEST AVE S WESTBY WI 54667 | Cash Amount Given: $125500”

Other Expenses.1001

“Advertising and Promotion $1169”

Other Expenses.1012

“Insurance $1192”

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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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12Director
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: WESTBY AREA SCHOOL DISTRICT | Donee's Address: 206 WEST AVE S WESTBY WI 54667 | Cash Amount Given: $125500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $1169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1192
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON L EVENSTAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINE ARTS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FINE
ReturnHeader/Filer/EIN0392018130
ReturnHeader/Filer/PhoneNum06086252162
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8 - 206 WEST AVENUE SOUTH
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054667
ReturnHeader/PreparerPersonGrp/PhoneNum06086346887
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patricia EvenstadEA
ReturnHeader/ReturnTs02020-11-11T08:32:09-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$270,847
Liabilities
-
Net assets
$270,847
Revenue
$82,875
Expenses
$131,309
Net income
-$48,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$1.73$1.73$0.62$1.59$0.97
2019Detailed filing. Detailed filing data is available for this year.$2.71$2.71$0.83$1.31$0.48
2018Detailed filing. Detailed filing data is available for this year.$3.19$3.19$1.49$1.37$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.18$3.18$1.28$0.90$0.38
2016Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$3.29$3.29$0.01