Civic Intelligence

Great River Arts Association

990 • Fiscal year 2020 • EIN 41-1313017

Sep 01, 2019 to Aug 31, 2020 • Filed on Feb 04, 2021

122 1st St SELittle Falls, MN 56345

(320) 632-0960

Siviq Scores

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

Liabilities / Assets

88th percentile

0.49x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.71x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

34th percentile

-3.9%

Higher net margin than 34% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$54,435

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 26.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

47th percentile

1.8%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-21%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$299,099

Up $5,280 (+1.8%) from 2019

Net Assets

Down

$151,778

Down $8,022 (-5.0%) from 2019

Liabilities

Up

$147,321

Up $13,302 (+9.9%) from 2019

Revenue

Down

$207,948

Down $56,460 (-21%) from 2019

Expenses

Down

$215,970

Down $88,444 (-29%) from 2019

Net Income

Up

-$8,022

Up $31,984 (+80%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $211,919Liabilities 2010: $62,429Net Assets 2010: $149,4902010Assets 2011: $215,525Liabilities 2011: $57,754Net Assets 2011: $157,7712011Assets 2012: $207,015Liabilities 2012: $53,079Net Assets 2012: $153,9362012Assets 2013: $219,896Liabilities 2013: $78,221Net Assets 2013: $141,6752013Assets 2014: $240,068Liabilities 2014: $74,572Net Assets 2014: $165,4962014Assets 2015: $248,269Liabilities 2015: $70,190Net Assets 2015: $178,0792015Assets 2016: $246,558Liabilities 2016: $67,325Net Assets 2016: $179,2332016Assets 2017: $255,316Liabilities 2017: $62,624Net Assets 2017: $192,6922017Assets 2018: $256,502Liabilities 2018: $56,696Net Assets 2018: $199,8062018Assets 2019: $293,819Liabilities 2019: $134,019Net Assets 2019: $159,8002019Assets 2020: $299,099Liabilities 2020: $147,321Net Assets 2020: $151,7782020Assets 2021: $350,722Liabilities 2021: $131,627Net Assets 2021: $219,0952021Assets 2022: $308,270Liabilities 2022: $121,408Net Assets 2022: $186,8622022Assets 2023: $276,127Liabilities 2023: $126,115Net Assets 2023: $150,0122023Assets 2024: $260,157Liabilities 2024: $110,081Net Assets 2024: $150,0762024

Highlighted filing

2020

Assets$299,099
Liabilities$147,321
Net Assets$151,778

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $83,616Expenses 2010: $67,379Net Income 2010: $16,2372010Revenue 2011: $107,695Expenses 2011: $99,414Net Income 2011: $8,2812011Revenue 2012: $77,470Expenses 2012: $81,305Net Income 2012: -$3,8352012Revenue 2013: $111,368Expenses 2013: $123,628Net Income 2013: -$12,2602013Revenue 2014: $166,956Expenses 2014: $143,135Net Income 2014: $23,8212014Revenue 2015: $248,248Expenses 2015: $222,812Net Income 2015: $25,4362015Revenue 2016: $244,806Expenses 2016: $243,652Net Income 2016: $1,1542016Revenue 2017: $292,194Expenses 2017: $278,735Net Income 2017: $13,4592017Revenue 2018: $298,758Expenses 2018: $291,644Net Income 2018: $7,1142018Revenue 2019: $264,408Expenses 2019: $304,414Net Income 2019: -$40,0062019Revenue 2020: $207,948Expenses 2020: $215,970Net Income 2020: -$8,0222020Revenue 2021: $223,339Expenses 2021: $156,022Net Income 2021: $67,3172021Revenue 2022: $186,767Expenses 2022: $219,000Net Income 2022: -$32,2332022Revenue 2023: $196,442Expenses 2023: $233,292Net Income 2023: -$36,8502023Revenue 2024: $209,812Expenses 2024: $209,748Net Income 2024: $642024

Highlighted filing

2020

Revenue$207,948
Expenses$215,970
Net Income-$8,022
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Feb 4, 2021
Return Version
2019v5.0
Gross Receipts
$212,863
Mission and Program Overview

Mission

The great river arts association exists to enrich lives by providing arts experiences and services to the people of morrison county and the surrounding communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$234,414$223,824▼ $10,590
Savings and Temporary Cash Investments$21,166$35,088▲ $13,922
Cash and Non-Interest-Bearing Accounts$6,810$11,495▲ $4,685
Accounts Receivable$2,052$2,253▲ $201
Total Assets$293,819$299,099▲ $5,280
Other Assets Total$29,377$26,439▼ $2,938
Liabilities
Mortgage Notes Payable Secured by Investment Property$98,629$119,570▲ $20,941
Other Liabilities$34,030$27,109▼ $6,921
Accounts Payable and Accrued Expenses$925$642▼ $283
Unsecured Notes Loans Payable$435--
Total Liabilities$134,019$147,321▲ $13,302
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$159,800$151,778▼ $8,022
Total Net Assets Fund Balance$159,800$151,778▼ $8,022
Total Liabilities and Net Assets / Fund Balance$293,819$299,099▲ $5,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$204,284$95,756$300,040
Equipment$240$65,455$65,695
Land$19,300-$19,300
Other Assets Org$26,439--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle KileyExecutive DiPT$54,435$54,435

Board Members and Trustees

NameTitle
Mark GerbiPresident
Neree JacksonDirector
Yadira FreyDirector
Sheryl JohnsonSecretary
Ron BieganekTreasurer
Scott SaehrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$57,805
Program Service Revenue
$146,053
Investment Income
$57
Other Revenue
$4,033
All Other Contributions
$15,165
Change in Net Assets
$-8,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,110
Salaries, Compensation, and Employee Benefits$105,860
Total Fundraising Expense$7,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,416$12,352$3,711$68,479
Current Officers, Directors, Trustees, and Key Employees$18,292$14,633$3,658$36,583
Fees for Services Other$20,872$5,732-$26,604
Office Expenses$6,060$7,363$184$13,607
Depreciation Depletion$5,290$5,300-$10,590
Occupancy$4,753$4,682-$9,435
Insurance$2,310$5,247-$7,557
Information Technology-$7,434-$7,434
Fees for Services Accounting-$6,585-$6,585
Other Expenses$2,008$634-$2,642
All Other Expenses$1,313$677-$1,990
Interest$1,185$296-$1,481
Payroll Taxes$611$144$43$798
Advertising$150$611-$761
Total Functional Expenses$133,882$74,492$7,596$215,970
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Loan - City of Lf$26,439
Other Current Liabilities$670
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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

The 990 is reviewed by the officers and directors at the board meeting prior to approval. The cpa who prepares the return is available to present the 990 and address any questions the board may have.

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

The conflict of interest policy is monitored by the board of directors.

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

A closed meeting is held by the board of directors to vote on compensation for the executive director.

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

Employee compensation was decided and voted on at a montly board meeting.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Great River Arts Association
EIN
41-1313017
Phone
3206320960
Address
122 1ST ST SE, LITTLE FALLS, MN 56345

Signing Officer

Name
Michelle Kiley
Title
Executive Director
Phone
3206320960
Signed
2021-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Kiley
Formed
1975
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
10
Volunteers
15

Preparer

Firm
Rto Pa
Address
16403 HAVEN ROAD, LITTLE FALLS, MN 56345-6400
Preparer
Roxanne C Thompson CPA
Phone
3206323646
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract labor 5,381 5,732 0 artist fees 13,131 0 0 instructor fees 730 0 0 directors fees 1,500 0 0 professional services 130 0 0 total 20,872 5,732 0

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IRS990/ProgSrvcAccomActy2Grp/Desc0UNDER GRA'S PERFORMING ARTS PROGRAMMING, 27 EVENTS (FEATURING 93 ARTISTS) WERE HOSTED INCLUDING ONE COMMUNITY DINNER THEATRE PRODUCTION AND OTHER MUSICAL/GRA LIVE PERFORMANCES, ALONG WITH A VARIETY OF FREE EVENTS SUCH AS "OPEN MIC NIGHT (OMN)" EVENTS WHERE THE COMMUNITY SHARES THEIR TALENT (POETRY, MUSIC, VOICE, SPOKEN WORD, ETC.) ON GRA'S STAGE GREAT RIVER TELEVISION (GRTV) PROGRAMMING IS A UNIQUE COMMUNITY RESOURCE THAT PROVIDES MORE THAN 2100 HOURS OF FREE CONTENT - ACCESSIBLE ON PUBLIC ACCESS CHANNEL 180/6 AND YOUTUBE. IN ADDITION STAFF SUPPORTED 4 PRIVATE RENTALS - CONNECTING OUR SPACE TO COMMUNITY MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0111938
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0134203
IRS990/ProgSrvcAccomActy3Grp/Desc0GRA PROVIDES ARTS EDUCATION PROGRAMMING FOR YOUTH AND ADULTS, BY CONNECTING RESIDENTS AND VISITORS TO ENGAGING AND CREATIVE OPPORTUNITIES. THIS BODY OF WORK INCREASES A PARTICIPANTS KNOWLEDGE, SKILLS AND UNDERSTANDING OF VARIOUS ARTISTIC DISCIPLINES, INCLUDING VISUAL (PAINTING, MIXED MEDIA, FABRIC, GLASS, DRAWING, WATERCOLOR, ETC.), MULTIMEDIA, PERFORMING AND LITERARY ARTS. DURING THIS FISCAL YEAR, GRA OFFERED MORE THAN 30 ART CLASSES. PLEASE NOTE THAT DUE TO NATIONAL CONCERNS AROUND COVID-19, GRA TEMPORARILY CLOSED. ACCORDINGLY, PROGRAMMING WAS SIGNIFICANTLY INTERRUPTED BEGINNING A THE END OF MARCH THROUGH AUGUST 2020.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03944
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IRS990ScheduleA/PublicSupportPY170Pct00.73540
IRS990ScheduleA/PublicSupportTotal170Amt0344586
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0204284
IRS990ScheduleD/BuildingsGrp/DepreciationAmt095756
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0300040
IRS990ScheduleD/EquipmentGrp/BookValueAmt0240
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065455
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065695
IRS990ScheduleD/LandGrp/BookValueAmt019300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt026439
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED ASSET - CITY OF LF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LOAN - CITY OF LF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER CURRENT LIABILITIES
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt026439
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE OFFICERS AND DIRECTORS AT THE BOARD MEETING PRIOR TO APPROVAL. THE CPA WHO PREPARES THE RETURN IS AVAILABLE TO PRESENT THE 990 AND ADDRESS ANY QUESTIONS THE BOARD MAY HAVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A CLOSED MEETING IS HELD BY THE BOARD OF DIRECTORS TO VOTE ON COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EMPLOYEE COMPENSATION WAS DECIDED AND VOTED ON AT A MONTLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT LABOR 5,381 5,732 0 ARTIST FEES 13,131 0 0 INSTRUCTOR FEES 730 0 0 DIRECTORS FEES 1,500 0 0 PROFESSIONAL SERVICES 130 0 0 TOTAL 20,872 5,732 0
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0299099
IRS990/TotalAssetsGrp/BOYAmt0293819
IRS990/TotalAssetsGrp/EOYAmt0299099
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IRS990/TotalContributionsAmt057805
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07596
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074492
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215970
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0134019
IRS990/TotalLiabilitiesEOYAmt0147321
IRS990/TotalLiabilitiesGrp/BOYAmt0134019
IRS990/TotalLiabilitiesGrp/EOYAmt0147321
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0159800
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0151778
IRS990/TotalProgramServiceExpensesAmt0133882
IRS990/TotalProgramServiceRevenueAmt0146053
IRS990/TotalReportableCompFromOrgAmt054435
IRS990/TotalRevenueGrp/ExclusionAmt057
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0150086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207948
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0293819
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0435
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0122 1ST STREET SE
IRS990/USAddress/CityNm0LITTLE FALLS
IRS990/USAddress/StateAbbreviationCd0MN
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IRS990/WebsiteAddressTxt0WWW.GREATART.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELLE KILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03206320960
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-04

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.60$1.10$1.50$2.10$2.10$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.76$1.26$1.50$1.96$2.33$0.37
2022Detailed filing. Detailed filing data is available for this year.$3.08$1.21$1.87$1.87$2.19$0.32
2021Detailed filing. Detailed filing data is available for this year.$3.51$1.32$2.19$2.23$1.56$0.67
2020Detailed filing. Detailed filing data is available for this year.$2.99$1.47$1.52$2.08$2.16$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.94$1.34$1.60$2.64$3.04$0.40
2018Detailed filing. Detailed filing data is available for this year.$2.57$0.57$2.00$2.99$2.92$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.55$0.63$1.93$2.92$2.79$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.47$0.67$1.79$2.45$2.44$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.48$0.70$1.78$2.48$2.23$0.25
2014Detailed filing. Detailed filing data is available for this year.$2.40$0.75$1.65$1.67$1.43$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.78$1.42$1.11$1.24$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.53$1.54$0.77$0.81$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.58$1.58$1.08$0.99$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.62$1.49$0.84$0.67$0.16