Civic Intelligence

Urban Arts Academy

990 • Fiscal year 2016 • EIN 41-2016187

Jun 01, 2015 to May 31, 2016 • Filed on Sep 15, 2016

3901 Chicago Avenue SouthMinneapolis, MN 55407

(612) 827-1641

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.47x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

0.24x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

32nd percentile

-3.2%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$60,747

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

90th percentile

52%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-5.7%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$277,683

Up $94,622 (+52%) from 2015

Net Assets

Up

$146,767

Up $22,499 (+18%) from 2015

Liabilities

Up

$130,916

Up $72,123 (+123%) from 2015

Revenue

Down

$540,857

Down $32,444 (-5.7%) from 2015

Expenses

Up

$558,358

Up $57,169 (+11%) from 2015

Net Income

Down

-$17,501

Down $89,613 (-124%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $138,941Liabilities 2011: $21,917Net Assets 2011: $117,0242011Assets 2012: $112,128Liabilities 2012: $22,167Net Assets 2012: $89,9612012Assets 2013: $120,515Liabilities 2013: $36,742Net Assets 2013: $83,7732013Assets 2014: $116,482Liabilities 2014: $64,325Net Assets 2014: $52,1572014Assets 2015: $183,061Liabilities 2015: $58,793Net Assets 2015: $124,2682015Assets 2016: $277,683Liabilities 2016: $130,916Net Assets 2016: $146,7672016Assets 2017: $251,004Liabilities 2017: $74,568Net Assets 2017: $176,4362017Assets 2018: $372,484Liabilities 2018: $182,197Net Assets 2018: $190,2872018Assets 2019: $220,353Liabilities 2019: $126,671Net Assets 2019: $93,6822019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2016

Assets$277,683
Liabilities$130,916
Net Assets$146,767

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $388,716Expenses 2011: $321,099Net Income 2011: $67,6172011Revenue 2012: $392,975Expenses 2012: $420,038Net Income 2012: -$27,0632012Revenue 2013: $368,526Expenses 2013: $374,713Net Income 2013: -$6,1872013Revenue 2014: $430,351Expenses 2014: $461,966Net Income 2014: -$31,6152014Revenue 2015: $573,301Expenses 2015: $501,189Net Income 2015: $72,1122015Revenue 2016: $540,857Expenses 2016: $558,358Net Income 2016: -$17,5012016Revenue 2017: $592,045Expenses 2017: $620,926Net Income 2017: -$28,8812017Revenue 2018: $613,885Expenses 2018: $666,774Net Income 2018: -$52,8892018Revenue 2019: $516,773Expenses 2019: $613,377Net Income 2019: -$96,6042019Revenue 2020: $106,503Expenses 2020: $197,768Net Income 2020: -$91,2652020

Highlighted filing

2016

Revenue$540,857
Expenses$558,358
Net Income-$17,501
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Sep 15, 2016
Return Version
2015v2.1
Gross Receipts
$558,551
Mission and Program Overview

Mission

The mission of the Urban Arts Academy is to bring neighborhood people together from diverse cultures by providing creative experiences in the arts with children and families to develop the gifts of self-expression and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,735$182,363▲ $59,628
Land, Buildings, and Equipment, Net$42,674$40,334▼ $2,340
Savings and Temporary Cash Investments$0$40,000▲ $40,000
Pledges and Grants Receivable$16,375$8,496▼ $7,879
Accounts Receivable$107$3,750▲ $3,643
Prepaid Expenses and Deferred Charges$1,170$2,740▲ $1,570
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$183,061$277,683▲ $94,622
Liabilities
Escrow Account Liability$0$83,794▲ $83,794
Accounts Payable and Accrued Expenses$17,454$24,980▲ $7,526
Deferred Revenue$41,339$22,142▼ $19,197
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0--
Total Liabilities$58,793$130,916▲ $72,123
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,000$136,117▲ $135,117
Unrestricted Net Assets$123,268$10,650▼ $112,618
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$124,268$146,767▲ $22,499
Total Liabilities and Net Assets / Fund Balance$183,061$277,683▲ $94,622

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$35,657$4,390$40,047
Equipment$4,677$973$5,650
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tamar GhidaliaExecutive DirectorPT$60,747$60,747

Board Members and Trustees

NameTitle
Judi LinderBoard Chair
Deborah PaulsrudPresident
Ryan DavenportVice Chair
Ann LayneBoard Member
Brad FrosleeBoard Member
Brenda LockwoodBoard Member
Felecia BooneBoard Member
Jennifer Davidson McCarthyBoard Member
Karina AltoroBoard member
Markeshia TruzyBoard Member
Naarah TurnerBoard Member
Terrie ThompsonSecretary
Terry PressleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$248,874
Program Service Revenue
$287,331
Investment Income
$130
Other Revenue
$4,522
All Other Contributions
$137,825
Change in Net Assets
$-17,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$398,119
Other Expenses$160,239
Total Fundraising Expense$26,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$276,678$5,830$22,742$305,250
Fees for Services Other$61,924$0$0$61,924
Current Officers, Directors, Trustees, and Key Employees$45,189$15,558$0$60,747
Payroll Taxes$24,143$1,604$1,706$27,453
Occupancy$21,600$2,400$0$24,000
Other Expenses$0$12,537$0$12,537
Insurance$6,648$2,064$250$8,962
All Other Expenses$158$5,051$992$6,201
Office Expenses$1,958$3,714$0$5,672
Fees for Services Accounting$0$4,810$0$4,810
Other Employee Benefits$4,106$273$290$4,669
Depreciation Depletion$0$3,886$0$3,886
Information Technology$2,250$750$0$3,000
Advertising$1,209$0$120$1,329
Conferences and Meetings$0$804$0$804
Total Functional Expenses$468,839$62,972$26,547$558,358
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,216
Fundraising Direct Expenses$17,694
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$95,616$22,216$17,694$4,522
Total Events$95,616$22,216$17,694$4,522
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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, Part VI, Section B, Line 11B

The board reviews the Form 990 and accompanying year end financial information, and approves the action of signing and filing the form.

Form 990, Part VI, Section B, Line 12C

Board members are required to disclose any potential or actual conflict of interest to the rest of the Board of Directors. The policy is reviewed and signed annually.

Form 990, Part VI, Section B, Line 15

The Board approves the salary of the Executive Director and all key employees semi-annually.

Form 990, Part VI, Section C, Line 19

Summary financial information is included in an annual report on the organization's website. Other documents are available upon written request and approval.

Filing and Contact Details

Filer

Filer Name
Urban Arts Academy
EIN
41-2016187
Phone
6128271641
Address
3901 Chicago Avenue South, Minneapolis, MN 55407

Signing Officer

Name
Tamar Ghidalia
Title
Executive Director
Phone
6128271641
Signed
2016-09-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Tamar Ghidalia
Formed
2001
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
25
Volunteers
100

Preparer

Firm
MAP for Nonprofits
Address
2314 University Avenue W, Saint Paul, MN 55114
Preparer
Acacia Willey
Phone
6513932161
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

In-kind classroom teachers and assistants volunteer time plus other contract and volunteer labor.

Financial Statement Notes

Schedule D, Part IV, Line 2B

The funds are held under a pre-approved grant relationship in which Urban Arts Academy is the sponsor and grantor of the funds for the community project with ten partners in the neighborhood.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm0Deborah Paulsrud
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IRS990/Form990PartVIISectionAGrp/PersonNm2Ryan Davenport
IRS990/Form990PartVIISectionAGrp/PersonNm3Terry Pressley
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IRS990/Form990PartVIISectionAGrp/PersonNm13Tamar Ghidalia
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