Civic Intelligence

Trout Museum of Art Inc.

990 • Fiscal year 2015 • EIN 39-6056442

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 29, 2016

111 W College AvenueAppleton, WI 54911

(920) 733-4089

Siviq Scores

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

Liabilities / Assets

67th percentile

0.29x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

1.21x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

34th percentile

-1.9%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$80,806

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

4th percentile

-28%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-48%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,882,262

Down $1,104,955 (-28%) from 2014

Net Assets

Down

$2,058,225

Down $922,542 (-31%) from 2014

Liabilities

Down

$824,037

Down $182,413 (-18%) from 2014

Revenue

Down

$679,009

Down $619,578 (-48%) from 2014

Expenses

Up

$691,838

Up $83,171 (+14%) from 2014

Net Income

Down

-$12,829

Down $702,749 (-102%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $3,868,362Liabilities 2011: $1,917,920Net Assets 2011: $1,950,4422011Assets 2012: $3,574,611Liabilities 2012: $1,904,300Net Assets 2012: $1,670,3112012Assets 2013: $3,665,421Liabilities 2013: $1,920,062Net Assets 2013: $1,745,3592013Assets 2014: $3,987,217Liabilities 2014: $1,006,450Net Assets 2014: $2,980,7672014Assets 2015: $2,882,262Liabilities 2015: $824,037Net Assets 2015: $2,058,2252015Assets 2016: $2,795,900Liabilities 2016: $290,173Net Assets 2016: $2,505,7272016Assets 2017: $2,496,818Liabilities 2017: $199,423Net Assets 2017: $2,297,3952017Assets 2018: $2,401,167Liabilities 2018: $130,462Net Assets 2018: $2,270,7052018Assets 2019: $2,308,511Liabilities 2019: $121,982Net Assets 2019: $2,186,5292019Assets 2020: $2,640,145Liabilities 2020: $175,048Net Assets 2020: $2,465,0972020Assets 2021: $2,773,073Liabilities 2021: $90,813Net Assets 2021: $2,682,2602021Assets 2022: $2,757,869Liabilities 2022: $57,810Net Assets 2022: $2,700,0592022Assets 2023: $12,913,083Liabilities 2023: $241,101Net Assets 2023: $12,671,9822023Assets 2024: $16,057,312Liabilities 2024: $1,006,000Net Assets 2024: $15,051,3122024

Highlighted filing

2015

Assets$2,882,262
Liabilities$824,037
Net Assets$2,058,225

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $686,2172011Revenue 2012: $344,893Expenses 2012: $625,024Net Income 2012: -$280,1312012Revenue 2013: $503,008Expenses 2013: $427,960Net Income 2013: $75,0482013Revenue 2014: $1,298,587Expenses 2014: $608,667Net Income 2014: $689,9202014Revenue 2015: $679,009Expenses 2015: $691,838Net Income 2015: -$12,8292015Revenue 2016: $1,059,874Expenses 2016: $574,879Net Income 2016: $484,9952016Revenue 2017: $61,186Expenses 2017: $143,107Net Income 2017: -$81,9212017Revenue 2018: $51,843Expenses 2018: $119,744Net Income 2018: -$67,9012018Revenue 2019: $70,371Expenses 2019: $164,819Net Income 2019: -$94,4482019Revenue 2020: $600,545Expenses 2020: $625,125Net Income 2020: -$24,5802020Revenue 2021: $944,933Expenses 2021: $810,377Net Income 2021: $134,5562021Revenue 2022: $976,242Expenses 2022: $765,806Net Income 2022: $210,4362022Revenue 2023: $10,888,245Expenses 2023: $977,903Net Income 2023: $9,910,3422023Revenue 2024: $3,246,808Expenses 2024: $1,292,930Net Income 2024: $1,953,8782024

Highlighted filing

2015

Revenue$679,009
Expenses$691,838
Net Income-$12,829
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 29, 2016
Return Version
2014v6.0
Gross Receipts
$711,559
Mission and Program Overview

Mission

To promote, teach, and nourish the creation and appreciation of the visual arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,728,552$1,773,460▼ $955,092
Investments Other Securities$618,854$640,393▲ $21,539
Pledges and Grants Receivable$472,248$281,182▼ $191,066
Savings and Temporary Cash Investments$163,253$187,227▲ $23,974
Prepaid Expenses and Deferred Charges$3,791--
Accounts Receivable$519--
Total Assets$3,987,217$2,882,262▼ $1,104,955
Liabilities
Mortgage Notes Payable Secured by Investment Property$939,420$806,420▼ $133,000
Accounts Payable and Accrued Expenses$67,030$17,617▼ $49,413
Total Liabilities$1,006,450$824,037▼ $182,413
Net Assets / Fund Balance
Unrestricted Net Assets$2,890,948$1,899,377▼ $991,571
Temporarily Rstr Net Assets$89,819$158,848▲ $69,029
Total Net Assets Fund Balance$2,980,767$2,058,225▼ $922,542
Total Liabilities and Net Assets / Fund Balance$3,987,217$2,882,262▼ $1,104,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,630,000-$1,630,000
Land$140,000-$140,000
Equipment$3,460$86,958$90,418
Other Securities$640,393--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$618,854$51,772▲ $6,869$27,446$640,393
2014$563,994-▲ $90,538$26,802$618,854
2013$532,936-▲ $38,793-$563,994
2012$495,865-▲ $72,586$26,071$532,936
2011$521,553-▲ $488$14,761$495,865
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Pamela Williams-limePresidentFT$80,806$80,806

Board Members and Trustees

NameTitle
Kathi SeifertBoard Chair
Walt RuglandVice Chair
Adam LandsverkBoard Member
Beth FlahertyBoard Member
Cathie TierneyBoard Member
Chris FlemingBoard Member
Dede HeidBoard Member
Jay GottleibBoard Member
John BergstromBoard Member
John BykowskiBoard Member
John ToussaintBoard Member
Jon StellmacherBoard Member
Laurie AckellBoard Member
Lisa CruzBoard Member
Mark BehnkeBoard Member
Matt SchmidtBoard Member
Michelle RichesonBoard Member
Oscar BoldtBoard Member
Pamela HensonBoard Member
Phil SealyBoard Member
Richard JelinskiBoard Member
Victoria ReigelBoard Member
Brian McginnisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$566,740
Program Service Revenue
$98,897
Investment Income
$403
Other Revenue
$12,969
All Other Contributions
$534,797
Change in Net Assets
$-12,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$700,003
Revenue Not Reported on Financial Statements
$-20,994
Revenue Not Reported on Form 990
$-909,713
Other Revenue Adjustments
$-20,994
Total Revenue per Audited Statements
$-209,710
Total Revenue per Form 990
$679,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$428,254
Salaries, Compensation, and Employee Benefits$263,584
Total Fundraising Expense$111,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,194$78,031$1,916$160,141
Fees for Services Other$50,791$20,241$47,362$118,394
Depreciation Depletion$22,671$57,937$3,359$83,967
Current Officers, Directors, Trustees, and Key Employees$16,161$32,323$32,322$80,806
Occupancy-$64,570-$64,570
Interest-$36,996-$36,996
Payroll Taxes$8,833$10,116$3,139$22,088
Insurance-$21,253-$21,253
All Other Expenses$4,722$11,894$404$17,020
Fees for Services Accounting-$15,386-$15,386
Advertising$12,375$1,147-$13,522
Office Expenses$2,924-$4,482$7,406
Other Expenses$6,019$4,200$366$4,200
Conferences and Meetings--$1,703$1,703
Travel$188$438-$626
Other Employee Benefits$220$251$78$549
Total Functional Expenses$215,884$364,445$111,509$691,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$712,832
Total Expenses per Audited Statements$712,832
Total Expenses per Form 990$691,838
Expenses Not Reported on Financial Statements$-20,994
Other Expense Adjustments$-20,994
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,074
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
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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 7A

Each voting member is entitled to vote for the directors of the organization.

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

The treasurer and execuritve committee members have been provided a copy of the 990 and review and approve the form prior to the president signing and filing the return.

Form 990, Page 6, Part VI, Line 12C

Board members, committee members, and certain staff are asked the complete conflict of interest disclosure document at the beginning of each calendar year. If a conflict of interest arises during the term of office or employment, the responsibility o delcaring the conflict, with full disclosure of pertinent facts rests with the individual.

Form 990, Page 6, Part VI, Line 15A

The president's compensaton is determined by benchmarking with regional peer institutions and is reviewed and approved by the executive committee. The museum does not have any other officers or other officers or key employees to consider for compensation review.

Form 990, Page 6, Part VI, Line 19

The museum makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Fox Cities Building for the
EIN
39-6056442
Phone
9207334089
Address
111 W COLLEGE AVENUE, APPLETON, WI 54911

Signing Officer

Name
Pamela Williams-lime
Title
President
Phone
9207334089
Signed
2016-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Williams-lime
Formed
1960
Legal Domicile
Wi
Voting Board Members
23
Independent Board Members
23
Employees
20
Volunteers
110

Preparer

Firm
Erickson & Associates Sc
Address
1000 WEST COLLEGE AVE, APPLETON, WI 54914
Preparer
Abraham D Eisen
Phone
9207334957
Supplemental Narrative

Additional Explanations

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

Jazz at the trout - musical performances at the fox cities building for the arts.

Form 990, Part IX, Line 11G

Security 9,429 2,455 0 information technology 0 15,721 0 temporary contract labor 5,204 2,065 47,362 contracted exhibit / events 36,158 0 0

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

The museum has a collection of paintings, exhibits, and similar items for display at the museum. It is the responsibility of the museum's management to ensure that the collection is protected and preserved. Collection items acquired either through purchase or donation are not capitalized. Purchase of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Contributions of collection items are not recognized in the statement of activities. Proceeds from deaccessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.

Schedule D, Page 2, Part III, Line 4

The museum has a colletion of paintings, exhibits, and similar items for display at the museum for the purpose of promoting, teaching and nourishing the creation and appreciation of the visual arts.

Schedule D, Page 2, Part V, Line 4

The endowment funds are intended to be used to benefit the general programs of the museum.

Schedule D, Page 4, Part XI, Line 2D

Change in bene int in cf -2,788 asset impairment loss -906,925

Schedule D, Page 4, Part XI, Line 4B

RENTAL EXPENSES -20,994

Schedule D, Page 4, Part XII, Line 4B

RENTAL EXPENSES -20,994

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
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IRS990/FormationYr01960
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IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingGrossIncomeAmt04074
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IRS990/GoverningBodyVotingMembersCnt023
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0711559
IRS990/GrossRentsGrp/RealAmt022510
IRS990/GrossSalesOfInventoryAmt07460
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt023
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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InsuranceGrp/TotalAmt021253
IRS990/InterestGrp/ManagementAndGeneralAmt036996
IRS990/InterestGrp/TotalAmt036996
IRS990/InvestmentIncomeGrp/ExclusionAmt0403
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0403
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0618854
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IRS990/IRPDocumentCnt023
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt02728552
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IRS990/LandBldgEquipCostOrOtherBssAmt01860418
IRS990/LegalDomicileStateCd0WI
IRS990/LessRentalExpensesGrp/RealAmt020994
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt031943
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE, TEACH, AND NOURISH THE CREATION AND APPRECIATION OF THE VISUAL ARTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0RECEPTIONS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2INSTRUCTOR FEES
IRS990/OtherExpensesGrp/Desc3LEASED EQUIPMENT
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IRS990/OtherExpensesGrp/FundraisingAmt1366
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03120
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16542
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24200
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IRS990/OtherExpensesGrp/TotalAmt19113
IRS990/OtherExpensesGrp/TotalAmt26019
IRS990/OtherExpensesGrp/TotalAmt34200
IRS990/OtherRevenueMiscGrp/Desc0FACILITY RENTAL
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11232
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt080194
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03791
IRS990/PrincipalOfficerNm0PAMELA WILLIAMS-LIME
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IRS990/ProgramServiceRevenueGrp/Desc0ART IN THE PARK
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITS AND SHOWS
IRS990/ProgramServiceRevenueGrp/Desc2CLASSES AND WORKSHOPS
IRS990/ProgramServiceRevenueGrp/Desc3JAZZ AT THE TROUT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120271
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213236
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312313
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213236
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312313
IRS990/ProgSrvcAccomActy2Grp/Desc0ART IN THE PARK AND OTHER SPECIAL EVENTS: APPROXIMATELY 20,000 PEOPLE ENJOYED QUALITY ARTWORK AND ENTERTAINMENT BY LOCAL, REGIONAL, AND NATIONAL ARTISTS AT THE MUSEUM'S ANNUAL ART FAIR WHICH IS FREE OF CHARGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt052359
IRS990/ProgSrvcAccomActy3Grp/Desc0CLASSES: CLASSES WERE OFFERED TO STUDENTS TO PROMOTE, TEACH & NOURISH THE CREATION OF VISUAL ARTS. THE MUSEUM MAKES THE KNOWLEDGE AND EXPERIENCE OF PROFESSIONAL ARTISITS ACCESSIBLE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt040391
IRS990/ProgSrvcAccomActyOtherGrp/Desc0JAZZ AT THE TROUT - MUSICAL PERFORMANCES AT THE FOX CITIES BUILDING FOR THE ARTS.
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01144106
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011012
IRS990/PYOtherExpensesAmt0417088
IRS990/PYOtherRevenueAmt014282
IRS990/PYProgramServiceRevenueAmt0129187
IRS990/PYRevenuesLessExpensesAmt0689920
IRS990/PYSalariesCompEmpBnftPaidAmt0191579
IRS990/PYTotalExpensesAmt0608667
IRS990/PYTotalRevenueAmt01298587
IRS990/ReconcilationRevenueExpnssAmt0-12829

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$1.01$15.1$3.25$1.29$1.95
2023Detailed filing. Detailed filing data is available for this year.$12.9$0.24$12.7$10.9$0.98$9.91
2022Detailed filing. Detailed filing data is available for this year.$2.76$0.06$2.70$0.98$0.77$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.77$0.09$2.68$0.94$0.81$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.64$0.18$2.47$0.60$0.63$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.31$0.12$2.19$0.07$0.16$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.40$0.13$2.27$0.05$0.12$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.50$0.20$2.30$0.06$0.14$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.80$0.29$2.51$1.06$0.57$0.48
2015Detailed filing. Detailed filing data is available for this year.$2.88$0.82$2.06$0.68$0.69$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.99$1.01$2.98$1.30$0.61$0.69
2013Summary only. Only limited summary data is available for this year.$3.67$1.92$1.75$0.50$0.43$0.08
2012Summary only. Only limited summary data is available for this year.$3.57$1.90$1.67$0.34$0.63$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$1.92$1.95$0.69