Civic Intelligence

Albert Lea Art Center

990EZ • Fiscal year 2017 • EIN 41-6038618

Jan 01, 2017 to Dec 31, 2017 • Filed on Jan 15, 2018

PO Box 313 226 W Clark StAlbert Lea, MN 56007

(507) 373-5665

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

95th percentile

67%

Higher net margin than 95% 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

89th percentile

79%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

96th percentile

212%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Up

$220,387

Up $97,150 (+79%) from 2016

Net Assets

Up

$219,393

Up $97,236 (+80%) from 2016

Liabilities

Down

$994

Down $86 (-8.0%) from 2016

Revenue

Up

$144,614

Up $98,317 (+212%) from 2016

Expenses

Up

$47,378

Up $1,138 (+2.5%) from 2016

Net Income

Up

$97,236

Up $97,179 (+170489%) from 2016

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: $40,782Liabilities 2010: $2,321Net Assets 2010: $38,4612010Assets 2011: $77,234Liabilities 2011: $2,282Net Assets 2011: $74,9522011Assets 2012: $77,851Liabilities 2012: $2,228Net Assets 2012: $75,6232012Assets 2013: $85,746Liabilities 2013: $2,617Net Assets 2013: $83,1292013Assets 2014: $130,105Liabilities 2014: $2,794Net Assets 2014: $127,3112014Assets 2015: $122,895Liabilities 2015: $795Net Assets 2015: $122,1002015Assets 2016: $123,237Liabilities 2016: $1,080Net Assets 2016: $122,1572016Assets 2017: $220,387Liabilities 2017: $994Net Assets 2017: $219,3932017Assets 2018: $209,302Liabilities 2018: $1,601Net Assets 2018: $207,7012018Assets 2019: $229,111Liabilities 2019: $1,632Net Assets 2019: $227,4792019Assets 2020: $259,379Liabilities 2020: $45,072Net Assets 2020: $214,3072020Assets 2021: $334,659Liabilities 2021: $30,169Net Assets 2021: $304,4902021Assets 2022: $378,595Liabilities 2022: $1,504Net Assets 2022: $377,0912022Assets 2023: $365,497Liabilities 2023: $1,1482023Assets 2024: $376,906Liabilities 2024: $989Net Assets 2024: $375,9172024

Highlighted filing

2017

Assets$220,387
Liabilities$994
Net Assets$219,393

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $27,724Expenses 2010: $38,549Net Income 2010: -$10,8252010Revenue 2011: $95,407Expenses 2011: $58,916Net Income 2011: $36,4912011Revenue 2012: $29,865Expenses 2012: $29,194Net Income 2012: $6712012Revenue 2013: $44,227Expenses 2013: $36,721Net Income 2013: $7,5062013Revenue 2014: $85,600Expenses 2014: $41,418Net Income 2014: $44,1822014Revenue 2015: $40,574Expenses 2015: $48,027Net Income 2015: -$7,4532015Revenue 2016: $46,297Expenses 2016: $46,240Net Income 2016: $572016Revenue 2017: $144,614Expenses 2017: $47,378Net Income 2017: $97,2362017Revenue 2018: $46,946Expenses 2018: $58,638Net Income 2018: -$11,6922018Revenue 2019: $76,949Expenses 2019: $57,206Net Income 2019: $19,7432019Revenue 2020: $44,157Expenses 2020: $57,329Net Income 2020: -$13,1722020Revenue 2021: $171,465Expenses 2021: $81,532Net Income 2021: $89,9332021Revenue 2022: $134,357Expenses 2022: $61,756Net Income 2022: $72,6012022Revenue 2023: $39,734Expenses 2023: $52,576Net Income 2023: -$12,8422023Revenue 2024: $77,344Expenses 2024: $65,776Net Income 2024: $11,5682024

Highlighted filing

2017

Revenue$144,614
Expenses$47,378
Net Income$97,236
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jan 15, 2018
Return Version
2017v2.2
Gross Receipts
$146,891
Mission and Program Overview

Mission

Benefit of arts of local residents

Program Services

DescriptionGrantsExpenses
BUILDING USED FOR EDUCATIONAL CLASSES AS WELL AS TO SHOW PROJECTS AND ART FOR THE BENEFIT OF THE AREA RESIDENTS IN THE FIELD OF THE ARTS--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BEV JACKSON COTTERTreasurerPT$0--
BETH TOSTENSONBoard MemberPT$0--
CAROLE BOWERBoard Member-$0--
TOM FERLEMANPresident-$0--
GRACE SKAARBoard Member-$0--
MARTY SHEPARDBoard MemberPT$0--
SUE RECHTZIGELBoard Member-$0--
TOM MULLENBoard Member-$0--
DONNA WIDENHOEFERVice President-$0--
DARLYNE PAULSONBoard Member-$0--
TERRY FOXBoard Member-$0--
KIM HANSONBoard Member-$0--
JULIE JOHNSONBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Albert Lea Art Center
EIN
41-6038618
Address
PO BOX 313 226 W CLARK ST, ALBERT LEA, MN 56007

Signing Officer

Name
Beverly Jackson Cotter
Title
Treasurer
Phone
5073735665
Signed
2018-01-15
Discuss with paid preparer
Yes

Preparer

Firm
Albert Lea Tax Service
Address
502 SOUTH BROADWAY, ALBERT LEA, MN 56007
Preparer
Scott D Morreim
Phone
5073771625
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description amountadvertising 2,501classes 835events 427misc 733gallery show 698payroll taxes 1,186bank charges 60supplies office 456supplies bldg 16

Description of total liabilities Part II line 26

Category beginning of year end of yearcurrent liabilities 1,080 994

Raw XML Appendix226 raw XML fields

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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ALBERT LEA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8VICE PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/PrintingPublicationsPostageAmt01197
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BUILDING USED FOR EDUCATIONAL CLASSES AS WELL AS TO SHOW PROJECTS AND ART FOR THE BENEFIT OF THE AREA RESIDENTS IN THE FIELD OF THE ARTS
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt05857
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTADVERTISING 2,501CLASSES 835EVENTS 427MISC 733GALLERY SHOW 698PAYROLL TAXES 1,186BANK CHARGES 60SUPPLIES OFFICE 456SUPPLIES BLDG 16
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARCURRENT LIABILITIES 1,080 994
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BEVERLY JACKSON COTTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05073735665
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBERT LEA ART CENTER
ReturnHeader/Filer/BusinessNameControlTxt0ALBE
ReturnHeader/Filer/EIN0416038618
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 313 226 W CLARK ST
ReturnHeader/Filer/USAddress/CityNm0ALBERT LEA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056007
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.83.200.18
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTm010:57:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822598050
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALBERT LEA TAX SERVICE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0502 SOUTH BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBERT LEA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056007
ReturnHeader/PreparerPersonGrp/PhoneNum05073771625
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT D MORREIM
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-14T10:48:20-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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.$3.77$0.01$3.76$0.77$0.66$0.12
2023Summary only. Only limited summary data is available for this year.$3.65$0.01$0.40$0.53$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$0.02$3.77$1.34$0.62$0.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.30$3.04$1.71$0.82$0.90
2020Detailed filing. Detailed filing data is available for this year.$2.59$0.45$2.14$0.44$0.57$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.02$2.27$0.77$0.57$0.20
2018Detailed filing. Detailed filing data is available for this year.$2.09$0.02$2.08$0.47$0.59$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.20$0.01$2.19$1.45$0.47$0.97
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.01$1.22$0.46$0.46$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.01$1.22$0.41$0.48$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.03$1.27$0.86$0.41$0.44
2013Detailed filing. Detailed filing data is available for this year.$0.86$0.03$0.83$0.44$0.37$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.02$0.76$0.30$0.29$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.02$0.75$0.95$0.59$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.02$0.38$0.28$0.39$0.11