Civic Intelligence

Summit Art Inc.

990 • Fiscal year 2017 • EIN 41-2147766

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 14, 2018

18 SW 3rd St Ste 100Lees Summit, MO 64063

(816) 434-6618

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

30th percentile

-4.8%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

28th percentile

-10%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$82,729

Down $9,422 (-10%) from 2016

Net Assets

Down

$78,171

Down $9,524 (-11%) from 2016

Liabilities

Up

$4,558

Up $102 (+2.3%) from 2016

Revenue

Down

$199,809

Down $24,089 (-11%) from 2016

Expenses

Down

$209,333

Down $8,362 (-3.8%) from 2016

Net Income

Down

-$9,524

Down $15,727 (-254%) from 2016

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2009: $16,286Liabilities 2009: $502009Assets 2010: $26,519Liabilities 2010: $02010Assets 2011: $34,118Net Assets 2011: $34,1182011Assets 2012: $36,723Net Assets 2012: $36,7232012Assets 2013: $38,493Liabilities 2013: $324Net Assets 2013: $38,1692013Assets 2014: $38,376Liabilities 2014: $904Net Assets 2014: $37,4722014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $92,151Liabilities 2016: $4,456Net Assets 2016: $87,6952016Assets 2017: $82,729Liabilities 2017: $4,558Net Assets 2017: $78,1712017Assets 2018: $80,538Liabilities 2018: $3,947Net Assets 2018: $76,5912018Assets 2019: $38,543Liabilities 2019: $651Net Assets 2019: $37,8922019Assets 2020: $19,416Liabilities 2020: $2,665Net Assets 2020: $16,7512020Assets 2021: $22,310Liabilities 2021: $190Net Assets 2021: $22,1202021Assets 2023: $38,608Liabilities 2023: $3,5132023Assets 2024: $38,835Liabilities 2024: $2,241Net Assets 2024: $36,5942024

Highlighted filing

2017

Assets$82,729
Liabilities$4,558
Net Assets$78,171

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2009: $20,290Expenses 2009: $24,253Net Income 2009: -$3,9632009Revenue 2010: $27,860Expenses 2010: $17,577Net Income 2010: $10,2832010Revenue 2011: $48,149Expenses 2011: $40,550Net Income 2011: $7,5992011Revenue 2012: $73,624Expenses 2012: $70,419Net Income 2012: $3,2052012Revenue 2013: $81,174Expenses 2013: $79,728Net Income 2013: $1,4462013Revenue 2014: $75,372Expenses 2014: $76,669Net Income 2014: -$1,2972014Revenue 2015: $212,421Expenses 2015: $165,575Net Income 2015: $46,8462015Revenue 2016: $223,898Expenses 2016: $217,695Net Income 2016: $6,2032016Revenue 2017: $199,809Expenses 2017: $209,333Net Income 2017: -$9,5242017Revenue 2018: $209,391Expenses 2018: $210,972Net Income 2018: -$1,5812018Revenue 2019: $105,995Expenses 2019: $144,694Net Income 2019: -$38,6992019Revenue 2020: $30,256Expenses 2020: $54,776Net Income 2020: -$24,5202020Revenue 2021: $56,166Expenses 2021: $56,707Net Income 2021: -$5412021Revenue 2023: $94,756Expenses 2023: $75,129Net Income 2023: $19,6272023Revenue 2024: $60,413Expenses 2024: $58,915Net Income 2024: $1,4982024

Highlighted filing

2017

Revenue$199,809
Expenses$209,333
Net Income-$9,524
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 14, 2018
Return Version
2017v2.2
Gross Receipts
$199,809
Mission and Program Overview

Mission

To provide art enrichment to the community.

To provide art enrichment to the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$90,482$81,596▼ $8,886
Prepaid Expenses and Deferred Charges$600$600→ $0
Land, Buildings, and Equipment, Net$1,069$533▼ $536
Total Assets$92,151$82,729▼ $9,422
Liabilities
Accounts Payable and Accrued Expenses$4,456$4,558▲ $102
Total Liabilities$4,456$4,558▲ $102
Net Assets / Fund Balance
Unrestricted Net Assets$87,695$78,171▼ $9,524
Total Net Assets Fund Balance$87,695$78,171▼ $9,524
Total Liabilities and Net Assets / Fund Balance$92,151$82,729▼ $9,422

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$533$1,610-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara ToddPresident
Carol MonacoVice President
Mary MaudeVice President
Carole GrayBoard Member
David ElliottBoard Member
Jeannine AkinsBoard Member
Mary Ann RhoadsBoard Member
Pat ManesBoard Member
Ramon MageeBoard Member
Sharon StackelhouseBoard Member
Teddy JacksonBoard Member
Tom MallotBoard Member
Teresa M KeeneDirector
Carol WheatSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$53,720
Program Service Revenue
$145,575
Investment Income
$514
Other Revenue
$0
All Other Contributions
$4,904
Change in Net Assets
$-9,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,067
Salaries, Compensation, and Employee Benefits$85,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$63,000$15,636-$78,636
Current Officers, Directors, Trustees, and Key Employees-$43,203-$43,203
Other Salaries and Wages$33,471$1,364-$34,835
Occupancy$14,314$4,771-$19,085
Advertising$9,232--$9,232
Payroll Taxes$3,108$4,120-$7,228
Fees for Services Accounting-$6,192-$6,192
Fees for Services Other$4,689--$4,689
Office Expenses-$3,629-$3,629
Insurance-$2,068-$2,068
Depreciation Depletion$536--$536
Total Functional Expenses$128,350$80,983$0$209,333
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Fair$22,658$22,658-$22,658
Ext Gallery$19,219$19,219-$19,219
Total Events$41,877$41,877-$41,877
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
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
No
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 governing body review Part VI line 11

NONE

Governing documents etc available to public Part VI line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Summit Art Inc
EIN
41-2147766
Address
18 SW 3RD ST STE 100, LEES SUMMIT, MO 64063

Signing Officer

Name
Teddy Jackson
Title
President
Phone
8166002599
Signed
2018-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Todd 3 Officer
Formed
2004
Legal Domicile
Mo
Voting Board Members
13
Independent Board Members
11
Employees
12

Preparer

Firm
Dana R Arth CPA LLC
Address
304 SE 3RD STREET, LEES SUMMIT, MO 64063
Preparer
Gary C Rohrs Ea Aba Ata
Phone
8166002599
Supplemental Narrative

Additional Explanations

Amended return information

A typo error on schedule a part iii line 1 column e originally recorded as 1,057,419 and should have been 157,419. There are flow through changes to that column on lines 6,9,and 13. The totals for column f change accordingly. The title for director keene changed from executive director to director

List of other fees for services expenses Part IX line 11G

Artist payments $12,529; awards $2,494; hospitality $3,698; instructor fees $13,622;outside services $5,603; printing $794;room rental $200; scholarships $4,000;supplies $3372;workshop exp $553; zapplication fees $666; dues subscriptions $460; entertaiunment $1,620;meeting exp $842

List of other expenses Part IX line 24E

See other expense detail on overflow statement

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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/ProgramServiceRevenueGrp/Desc0GOT ART GALLERY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0145575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0145575
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-9524
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0157419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0184704
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0162166
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0203407
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt017688
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0725384
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt041876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt038698
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt049921
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt054696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt046640
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0231831
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0514
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0497
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0334
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0193
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0408
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01946
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99800
IRS990ScheduleA/PublicSupportPY509Pct00.99770
IRS990ScheduleA/PublicSupportTotal509Amt0957215
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0199295
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0223402
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0212087
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0258103
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt064328
IRS990ScheduleA/Total509Grp/TotalAmt0957215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0199809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0223899
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0212421
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0258296
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt064736
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0959161
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0533
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01610
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02143
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0533
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ART FAIR
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0EXT GALLERY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt022658
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt019219
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt041877
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022658
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt019219
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt041877
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt041877
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A TYPO ERROR ON SCHEDULE A PART III LINE 1 COLUMN E ORIGINALLY RECORDED AS 1,057,419 AND SHOULD HAVE BEEN 157,419. THERE ARE FLOW THROUGH CHANGES TO THAT COLUMN ON LINES 6,9,AND 13. THE TOTALS FOR COLUMN F CHANGE ACCORDINGLY. THE TITLE FOR DIRECTOR KEENE CHANGED FROM EXECUTIVE DIRECTOR TO DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARTIST PAYMENTS $12,529; AWARDS $2,494; HOSPITALITY $3,698; INSTRUCTOR FEES $13,622;OUTSIDE SERVICES $5,603; PRINTING $794;ROOM RENTAL $200; SCHOLARSHIPS $4,000;SUPPLIES $3372;WORKSHOP EXP $553; ZAPPLICATION FEES $666; DUES SUBSCRIPTIONS $460; ENTERTAIUNMENT $1,620;MEETING EXP $842
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE OTHER EXPENSE DETAIL ON OVERFLOW STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt092151
IRS990/TotalAssetsEOYAmt082729
IRS990/TotalAssetsGrp/BOYAmt092151
IRS990/TotalAssetsGrp/EOYAmt082729
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt053720
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080983
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128350
IRS990/TotalFunctionalExpensesGrp/TotalAmt0209333
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04456
IRS990/TotalLiabilitiesEOYAmt04558
IRS990/TotalLiabilitiesGrp/BOYAmt04456
IRS990/TotalLiabilitiesGrp/EOYAmt04558
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt087695
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt078171
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0128350
IRS990/TotalProgramServiceRevenueAmt0145575
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0146089
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0199809
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt092151
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082729
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt087695
IRS990/UnrestrictedNetAssetsGrp/EOYAmt078171
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TEDDY JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08166002599
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT ART INC
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
ReturnHeader/Filer/EIN0412147766

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$0.60$0.59$0.01
2023Summary only. Only limited summary data is available for this year.$0.39$0.04$0.95$0.75$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.00$0.22$0.56$0.57$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.03$0.17$0.30$0.55$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.01$0.38$1.06$1.45$0.39
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.04$0.77$2.09$2.11$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.83$0.05$0.78$2.00$2.09$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.04$0.88$2.24$2.18$0.06
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$2.12$1.66$0.47
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.01$0.37$0.75$0.77$0.01
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.00$0.38$0.81$0.80$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.37$0.74$0.70$0.03
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.34$0.48$0.41$0.08
2010Summary only. Only limited summary data is available for this year.$0.27$0.00$0.28$0.18$0.10
2009Summary only. Only limited summary data is available for this year.$0.16$0.00$0.20$0.24$0.04