Civic Intelligence

Faribault Art Center Inc.

990 • Fiscal year 2019 • EIN 41-1381314

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 01, 2020

321 Central AvenueFaribault, MN 55021

(507) 332-7372

Siviq Scores

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

Liabilities / Assets

79th percentile

0.44x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

86th percentile

0.98x

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

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

Net Margin

32nd percentile

-2.5%

Higher net margin than 32% 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

32nd percentile

-1.6%

Faster asset growth than 32% of similar nonprofits.

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

Revenue Growth

53rd percentile

5.0%

Faster revenue growth than 53% of similar nonprofits.

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

Assets

Down

$1,198,906

Down $19,834 (-1.6%) from 2018

Net Assets

Down

$674,996

Down $13,502 (-2.0%) from 2018

Liabilities

Down

$523,910

Down $6,332 (-1.2%) from 2018

Revenue

Up

$532,653

Up $25,446 (+5.0%) from 2018

Expenses

Up

$546,155

Up $42,612 (+8.5%) from 2018

Net Income

Down

-$13,502

Down $17,166 (-469%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,430,452Liabilities 2011: $747,374Net Assets 2011: $683,0782011Assets 2012: $1,365,418Liabilities 2012: $730,915Net Assets 2012: $634,5032012Assets 2013: $1,381,599Liabilities 2013: $609,371Net Assets 2013: $772,2282013Assets 2014: $1,333,419Liabilities 2014: $541,423Net Assets 2014: $791,9962014Assets 2015: $1,314,919Liabilities 2015: $550,385Net Assets 2015: $764,5342015Assets 2016: $1,246,402Liabilities 2016: $550,968Net Assets 2016: $695,4342016Assets 2017: $1,242,466Liabilities 2017: $557,632Net Assets 2017: $684,8342017Assets 2018: $1,218,740Liabilities 2018: $530,242Net Assets 2018: $688,4982018Assets 2019: $1,198,906Liabilities 2019: $523,910Net Assets 2019: $674,9962019Assets 2020: $1,236,267Liabilities 2020: $441,187Net Assets 2020: $795,0802020Assets 2021: $1,285,717Liabilities 2021: $265,066Net Assets 2021: $1,020,6512021Assets 2022: $1,256,137Liabilities 2022: $262,626Net Assets 2022: $993,5112022Assets 2023: $1,503,644Liabilities 2023: $262,468Net Assets 2023: $1,241,1762023Assets 2024: $1,492,106Liabilities 2024: $264,858Net Assets 2024: $1,227,2482024

Highlighted filing

2019

Assets$1,198,906
Liabilities$523,910
Net Assets$674,996

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $394,417Expenses 2011: $358,254Net Income 2011: $36,1632011Revenue 2012: $366,032Expenses 2012: $414,607Net Income 2012: -$48,5752012Revenue 2013: $554,494Expenses 2013: $416,769Net Income 2013: $137,7252013Revenue 2014: $467,901Expenses 2014: $448,133Net Income 2014: $19,7682014Revenue 2015: $402,258Expenses 2015: $429,720Net Income 2015: -$27,4622015Revenue 2016: $338,525Expenses 2016: $407,625Net Income 2016: -$69,1002016Revenue 2017: $466,045Expenses 2017: $476,645Net Income 2017: -$10,6002017Revenue 2018: $507,207Expenses 2018: $503,543Net Income 2018: $3,6642018Revenue 2019: $532,653Expenses 2019: $546,155Net Income 2019: -$13,5022019Revenue 2020: $427,872Expenses 2020: $335,288Net Income 2020: $92,5842020Revenue 2021: $658,197Expenses 2021: $432,626Net Income 2021: $225,5712021Revenue 2022: $549,752Expenses 2022: $576,892Net Income 2022: -$27,1402022Revenue 2023: $774,274Expenses 2023: $526,609Net Income 2023: $247,6652023Revenue 2024: $467,473Expenses 2024: $489,036Net Income 2024: -$21,5632024

Highlighted filing

2019

Revenue$532,653
Expenses$546,155
Net Income-$13,502
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 1, 2020
Return Version
2019v5.1
Gross Receipts
$560,280
Mission and Program Overview

Mission

Art facility available to public providing classes and promoting arts through exhibits, festivals, play productions, and other programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,152,351$1,118,913▼ $33,438
Rtn Earn Endowment Incm Other Fnds$688,498$674,996▼ $13,502
Cash and Non-Interest-Bearing Accounts$64,514$43,072▼ $21,442
Accounts Receivable-$22,941-
Prepaid Expenses and Deferred Charges$1,875$13,980▲ $12,105
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,218,740$1,198,906▼ $19,834
Liabilities
Mortgage Notes Payable Secured by Investment Property$503,568$486,678▼ $16,890
Accounts Payable and Accrued Expenses$23,974$23,828▼ $146
Deferred Revenue$2,700$13,404▲ $10,704
Total Liabilities$530,242$523,910▼ $6,332
Net Assets / Fund Balance
Total Net Assets Fund Balance$688,498$674,996▼ $13,502
Total Liabilities and Net Assets / Fund Balance$1,218,740$1,198,906▼ $19,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,087,913$420,568-
Land$21,400--
Equipment$9,600$25,997-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kim SchaufenbuelPresident
John SarzozaVice President
Gail KohlBoard Member
Patrick BraucherBoard Member
Peter Van SluisBoard Member
Tiffany TrippBoard Member
Bethany DannerSecretary
Jeanne Tangren-hatleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$240,356
Program Service Revenue
$286,213
Investment Income
$148
Other Revenue
$5,936
All Other Contributions
$74,862
Change in Net Assets
$-13,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$399,698
Salaries, Compensation, and Employee Benefits$146,457
Total Fundraising Expense$298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,831--$79,831
Current Officers, Directors, Trustees, and Key Employees-$55,968-$55,968
Occupancy$42,556$4,728-$47,284
Depreciation Depletion$39,590$4,399-$43,989
Office Expenses$12,769$17,630-$30,399
Advertising$27,908--$27,908
Interest$24,937$2,771-$27,708
Fees for Services Accounting-$13,490-$13,490
Payroll Taxes$6,518$4,140-$10,658
Information Technology$5,595$294-$5,889
Conferences and Meetings-$1,380-$1,380
Insurance$525$202-$727
Other Expenses$680$350-$350
Fees for Services Other--$298$298
Total Functional Expenses$440,165$105,692$298$546,155
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
Backup withholding compliance
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
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 6

MEMBERS

Form 990, Part VI, Section A, Line 7A

MEMBERS

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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

These documents are not available to the public.

Filing and Contact Details

Filer

Filer Name
Faribault Art Center Inc
EIN
41-1381314
Phone
5073327372
Address
321 CENTRAL AVENUE, FARIBAULT, MN 55021
Doing Business As
Paradise Center for the Arts

Signing Officer

Name
Heidi Nelson
Title
Executive Director
Phone
5073327372
Signed
2020-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heidi Nelson
Formed
1965
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
8
Volunteers
800

Preparer

Firm
Jod Ltd
Address
2209 BARD AVENUE, FARIBAULT, MN 55021-9235
Preparer
Dennis Aldrich
Phone
5073345516
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IRS990/ProgSrvcAccomActy3Grp/Desc0ART GALLERY: PROVIDE A GALLERY FOR LOCAL ARTISTS TO DISPLAY THEIR WORK AND TO ASSIST THESE ARTISTS IN THEIR DEVELOPMENT, BOTH AS ARTISTS AND IN BUILDING CAREERS IN THOSE FIELDS. THE GALLERY ALSO SERVES AS A TEACHING TOOL FOR LOCAL STUDENTS TO STUDY ART TECHNIQUES AND METHODS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt013319
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0231868
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0130
IRS990/PYOtherExpensesAmt0361547
IRS990/PYOtherRevenueAmt016237
IRS990/PYProgramServiceRevenueAmt0258972
IRS990/PYRevenuesLessExpensesAmt03664
IRS990/PYSalariesCompEmpBnftPaidAmt0141996
IRS990/PYTotalExpensesAmt0503543
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0507207
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-13502
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08131
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0273130
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0688498
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0674996
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0240356
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0225518
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0199004
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0116329
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0183598
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0964805
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0148
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0123
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0237
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0677
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0292149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0234761
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0198779
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0725689
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0148
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0677
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt02131074
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0222157
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0218423
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt0440580
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0532505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0460279
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0397783
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0338486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0402021
IRS990ScheduleA/Total509Grp/TotalAmt02131074
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0532653
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0460409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0397906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0338525
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0402258
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02131751
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01087913
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0420568
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01508481
IRS990ScheduleD/EquipmentGrp/BookValueAmt09600
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025997
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt035597
IRS990ScheduleD/LandGrp/BookValueAmt021400
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt021400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01118913
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01218740
IRS990/TotalAssetsEOYAmt01198906
IRS990/TotalAssetsGrp/BOYAmt01218740
IRS990/TotalAssetsGrp/EOYAmt01198906
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0240356
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0298
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105692
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0440165
IRS990/TotalFunctionalExpensesGrp/TotalAmt0546155
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0530242
IRS990/TotalLiabilitiesEOYAmt0523910
IRS990/TotalLiabilitiesGrp/BOYAmt0530242
IRS990/TotalLiabilitiesGrp/EOYAmt0523910
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0688498
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0674996
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0440165
IRS990/TotalProgramServiceRevenueAmt0286213
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0284018

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.26$1.23$0.47$0.49$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.26$1.24$0.77$0.53$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.26$0.99$0.55$0.58$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.27$1.02$0.66$0.43$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.24$0.44$0.80$0.43$0.34$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.52$0.67$0.53$0.55$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.53$0.69$0.51$0.50$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.56$0.68$0.47$0.48$0.01
2016Summary only. Only limited summary data is available for this year.$1.25$0.55$0.70$0.34$0.41$0.07
2015Summary only. Only limited summary data is available for this year.$1.31$0.55$0.76$0.40$0.43$0.03
2014Summary only. Only limited summary data is available for this year.$1.33$0.54$0.79$0.47$0.45$0.02
2013Summary only. Only limited summary data is available for this year.$1.38$0.61$0.77$0.55$0.42$0.14
2012Summary only. Only limited summary data is available for this year.$1.37$0.73$0.63$0.37$0.41$0.05
2011Summary only. Only limited summary data is available for this year.$1.43$0.75$0.68$0.39$0.36$0.04