Civic Intelligence

Duluth Art Institute Association

990 • Fiscal year 2016 • EIN 41-0945449

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 30, 2016

506 W Michigan StreetDuluth, MN 55802

(218) 733-7560

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.02x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

69th percentile

16%

Faster asset growth than 69% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

6.9%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$497,307

Up $69,757 (+16%) from 2015

Net Assets

Up

$490,478

Up $70,994 (+17%) from 2015

Liabilities

Down

$6,829

Down $1,237 (-15%) from 2015

Revenue

Up

$446,225

Up $28,833 (+6.9%) from 2015

Expenses

Up

$372,339

Up $14,084 (+3.9%) from 2015

Net Income

Up

$73,886

Up $14,749 (+25%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $526,503Liabilities 2011: $13,705Net Assets 2011: $512,7982011Assets 2012: $439,560Liabilities 2012: $11,794Net Assets 2012: $427,7662012Assets 2013: $386,060Liabilities 2013: $14,393Net Assets 2013: $371,6672013Assets 2014: $377,423Liabilities 2014: $17,007Net Assets 2014: $360,4162014Assets 2015: $427,550Liabilities 2015: $8,066Net Assets 2015: $419,4842015Assets 2016: $497,307Liabilities 2016: $6,829Net Assets 2016: $490,4782016Assets 2017: $432,668Liabilities 2017: $11,199Net Assets 2017: $421,4692017Assets 2018: $417,900Liabilities 2018: $8,534Net Assets 2018: $409,3662018Assets 2019: $373,918Liabilities 2019: $6,162Net Assets 2019: $367,7562019Assets 2020: $564,832Liabilities 2020: $153,779Net Assets 2020: $411,0532020Assets 2021: $558,114Liabilities 2021: $170,163Net Assets 2021: $387,9512021Assets 2022: $412,976Liabilities 2022: $166,433Net Assets 2022: $246,5432022Assets 2023: $457,556Liabilities 2023: $163,487Net Assets 2023: $294,0692023Assets 2024: $412,671Liabilities 2024: $197,057Net Assets 2024: $215,6142024

Highlighted filing

2016

Assets$497,307
Liabilities$6,829
Net Assets$490,478

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $438,4232011Expenses 2012: $400,9462012Revenue 2013: $394,177Expenses 2013: $450,276Net Income 2013: -$56,0992013Revenue 2014: $398,607Expenses 2014: $409,858Net Income 2014: -$11,2512014Revenue 2015: $417,392Expenses 2015: $358,255Net Income 2015: $59,1372015Revenue 2016: $446,225Expenses 2016: $372,339Net Income 2016: $73,8862016Revenue 2017: $310,601Expenses 2017: $400,539Net Income 2017: -$89,9382017Revenue 2018: $450,605Expenses 2018: $462,708Net Income 2018: -$12,1032018Revenue 2019: $455,546Expenses 2019: $497,156Net Income 2019: -$41,6102019Revenue 2020: $439,114Expenses 2020: $403,015Net Income 2020: $36,0992020Revenue 2021: $410,312Expenses 2021: $436,824Net Income 2021: -$26,5122021Revenue 2022: $442,991Expenses 2022: $568,122Net Income 2022: -$125,1312022Revenue 2023: $604,447Expenses 2023: $560,310Net Income 2023: $44,1372023Revenue 2024: $625,653Expenses 2024: $704,108Net Income 2024: -$78,4552024

Highlighted filing

2016

Revenue$446,225
Expenses$372,339
Net Income$73,886
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 30, 2016
Return Version
2015v3.0
Gross Receipts
$446,225
Mission and Program Overview

Mission

Recognize, validate and support the creation of art in all forms and encourage participation and appreciation for arts in duluth, mn

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$279,639$264,392▼ $15,247
Cash and Non-Interest-Bearing Accounts$73,317$161,086▲ $87,769
Investments Other Securities$72,297$65,366▼ $6,931
Accounts Receivable$1,740$6,463▲ $4,723
Prepaid Expenses and Deferred Charges$557--
Total Assets$427,550$497,307▲ $69,757
Liabilities
Accounts Payable and Accrued Expenses$8,066$6,829▼ $1,237
Total Liabilities$8,066$6,829▼ $1,237
Net Assets / Fund Balance
Unrestricted Net Assets$342,187$415,112▲ $72,925
Permanently Rstr Net Assets$72,297$65,366▼ $6,931
Temporarily Rstr Net Assets$5,000$10,000▲ $5,000
Total Net Assets Fund Balance$419,484$490,478▲ $70,994
Total Liabilities and Net Assets / Fund Balance$427,550$497,307▲ $69,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$263,470$181,504$444,974
Equipment$922$138,620$139,542
Other Securities$65,366--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$281,525
Program Service Revenue
$164,700
Investment Income
$0
Other Revenue
$0
All Other Contributions
$238,348
Change in Net Assets
$73,886

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$42,284
Total Noncash Contributions1$42,284

Audited Revenue Reconciliation

Revenue per Audited Statements
$446,225
Revenue Not Reported on Form 990
$-2,892
Total Revenue per Audited Statements
$443,333
Total Revenue per Form 990
$446,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,925
Salaries, Compensation, and Employee Benefits$135,414
Total Fundraising Expense$10,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,221$21,513$4,781$119,515
Occupancy$73,665$7,845-$81,510
Depreciation Depletion$12,960$2,287-$15,247
All Other Expenses$9,677$4,857-$14,534
Advertising$7,317$4,502-$11,819
Office Expenses$7,339$2,873$1,572$11,784
Other Expenses$8,578$59$869$9,506
Payroll Taxes$7,010$1,617$359$8,986
Other Employee Benefits$5,391$1,245$277$6,913
Fees for Services Other-$6,825-$6,825
Insurance-$3,085-$3,085
Fees for Services Accounting-$2,500-$2,500
Total Functional Expenses$292,455$69,216$10,668$372,339

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$372,339
Total Expenses per Audited Statements$372,339
Total Expenses per Form 990$372,339
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
Annual disclosure for covered persons
Yes
Audit committee
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
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 11B

Reviewed 990 at board meeting.

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

Review conflict disclosures annually.

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

Executive director compensation determined by board after review of compar able data in the region.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Duluth Art Institute Assoc
EIN
41-0945449
Phone
2187337560
Address
506 W MICHIGAN STREET, DULUTH, MN 55802

Signing Officer

Name
Mary Mathews
Title
Treasurer
Phone
2187337560
Signed
2016-11-30

Organization Details

Principal Officer
Matthew Cartier
Formed
1907
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
8

Preparer

Firm
Licari Larsen and Company
Address
130 W SUPERIOR ST STE 712, DULUTH, MN 55802
Preparer
Steven S Licari
Phone
2187222226
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in beneficial interest -2,892 total -2,892

Financial Statement Notes

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

Change in beneficial interest -2,892

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt259
IRS990/OtherExpensesGrp/ProgramServicesAmt031109
IRS990/OtherExpensesGrp/ProgramServicesAmt122810
IRS990/OtherExpensesGrp/ProgramServicesAmt213378
IRS990/OtherExpensesGrp/ProgramServicesAmt38578
IRS990/OtherExpensesGrp/TotalAmt038109
IRS990/OtherExpensesGrp/TotalAmt128628
IRS990/OtherExpensesGrp/TotalAmt213378
IRS990/OtherExpensesGrp/TotalAmt39506
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04781
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021513
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt093221
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119515
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0359
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01617
IRS990/PayrollTaxesGrp/ProgramServicesAmt07010
IRS990/PayrollTaxesGrp/TotalAmt08986
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt072297
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt065366
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0557
IRS990/PrincipalOfficerNm0MATTHEW CARTIER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION/ART EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0143350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0143350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121350
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0244156
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0224225
IRS990/PYProgramServiceRevenueAmt0173236
IRS990/PYRevenuesLessExpensesAmt059137
IRS990/PYSalariesCompEmpBnftPaidAmt0134030
IRS990/PYTotalExpensesAmt0358255
IRS990/PYTotalRevenueAmt0417392
IRS990/ReconcilationRevenueExpnssAmt073886
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0164700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0281525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0244156
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0213134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0184774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0195225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01118814
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02317
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02554
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07400
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0164700
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99340
IRS990ScheduleA/PublicSupportPY170Pct00.98930
IRS990ScheduleA/PublicSupportTotal170Amt01118814
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0281525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0244156
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0213134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0184774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0195225
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01118814
IRS990ScheduleA/TotalSupportAmt01126214
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0263470
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0181504
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0444974
IRS990ScheduleD/EquipmentGrp/BookValueAmt0922
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0138620
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0139542
IRS990ScheduleD/ExpensesSubtotalAmt0372339
IRS990ScheduleD/OtherRevenueAmt0-2892
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt065366
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENEFICIAL INTEREST IN TRUSTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0-2892
IRS990ScheduleD/RevenueSubtotalAmt0446225
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN BENEFICIAL INTEREST -2,892
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0264392
IRS990ScheduleD/TotalBookValueSecuritiesAmt065366
IRS990ScheduleD/TotalExpensesPerForm990Amt0372339
IRS990ScheduleD/TotalRevenuePerForm990Amt0446225
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0443333
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0372339
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt042284
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED 990 AT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW CONFLICT DISCLOSURES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR COMPENSATION DETERMINED BY BOARD AFTER REVIEW OF COMPAR ABLE DATA IN THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN BENEFICIAL INTEREST -2,892 TOTAL -2,892
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt010000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0427550
IRS990/TotalAssetsEOYAmt0497307
IRS990/TotalAssetsGrp/BOYAmt0427550
IRS990/TotalAssetsGrp/EOYAmt0497307
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0281525
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010668
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069216

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.13$1.97$2.16$6.26$7.04$0.78
2023Detailed filing. Detailed filing data is available for this year.$4.58$1.63$2.94$6.04$5.60$0.44
2022Detailed filing. Detailed filing data is available for this year.$4.13$1.66$2.47$4.43$5.68$1.25
2021Detailed filing. Detailed filing data is available for this year.$5.58$1.70$3.88$4.10$4.37$0.27
2020Detailed filing. Detailed filing data is available for this year.$5.65$1.54$4.11$4.39$4.03$0.36
2019Detailed filing. Detailed filing data is available for this year.$3.74$0.06$3.68$4.56$4.97$0.42
2018Detailed filing. Detailed filing data is available for this year.$4.18$0.09$4.09$4.51$4.63$0.12
2017Detailed filing. Detailed filing data is available for this year.$4.33$0.11$4.21$3.11$4.01$0.90
2016Detailed filing. Detailed filing data is available for this year.$4.97$0.07$4.90$4.46$3.72$0.74
2015Detailed filing. Detailed filing data is available for this year.$4.28$0.08$4.19$4.17$3.58$0.59
2014Detailed filing. Detailed filing data is available for this year.$3.77$0.17$3.60$3.99$4.10$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.14$3.72$3.94$4.50$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.12$4.28$4.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.14$5.13$4.38