Civic Intelligence

Grinnell Area Arts Council DBA Grinnell Community Theatreturlachur

990 • Fiscal year 2019 • EIN 42-1130693

Oct 01, 2018 to Sep 30, 2019 • Filed on Nov 05, 2019

PO Box 657Grinnell, IA 50112

(641) 236-3203

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

0.19x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

58th percentile

6.4%

Higher net margin than 58% 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

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

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

Assets

Up

$1,236,666

Up $3,216 (+0.3%) from 2018

Net Assets

Up

$1,175,514

Up $15,358 (+1.3%) from 2018

Liabilities

Down

$61,152

Down $12,142 (-17%) from 2018

Revenue

Down

$318,034

Down $55,961 (-15%) from 2018

Expenses

Up

$297,783

Up $52,360 (+21%) from 2018

Net Income

Down

$20,251

Down $108,321 (-84%) 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 2010: $81,782Liabilities 2010: $1,141Net Assets 2010: $80,6412010Assets 2011: $113,303Liabilities 2011: $2,687Net Assets 2011: $110,6162011Assets 2012: $109,795Liabilities 2012: $1,314Net Assets 2012: $108,4812012Assets 2013: $1,057,257Liabilities 2013: $123,386Net Assets 2013: $933,8712013Assets 2014: $1,145,378Liabilities 2014: $122,716Net Assets 2014: $1,022,6622014Assets 2015: $1,164,540Liabilities 2015: $111,943Net Assets 2015: $1,052,5972015Assets 2016: $1,065,090Liabilities 2016: $97,570Net Assets 2016: $967,5202016Assets 2017: $1,116,944Liabilities 2017: $85,360Net Assets 2017: $1,031,5842017Assets 2018: $1,233,450Liabilities 2018: $73,294Net Assets 2018: $1,160,1562018Assets 2019: $1,236,666Liabilities 2019: $61,152Net Assets 2019: $1,175,5142019Assets 2020: $1,506,127Liabilities 2020: $48,631Net Assets 2020: $1,457,4962020Assets 2021: $1,725,850Liabilities 2021: $38,103Net Assets 2021: $1,687,7472021Assets 2022: $1,593,915Liabilities 2022: $25,760Net Assets 2022: $1,568,1552022Assets 2023: $1,716,038Liabilities 2023: $13,759Net Assets 2023: $1,702,2792023Assets 2024: $1,702,604Liabilities 2024: $2,246Net Assets 2024: $1,700,3582024Assets 2025: $1,714,192Liabilities 2025: $2,986Net Assets 2025: $1,711,2062025

Highlighted filing

2019

Assets$1,236,666
Liabilities$61,152
Net Assets$1,175,514

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $150,990Expenses 2010: $117,261Net Income 2010: $33,7292010Revenue 2011: $194,869Expenses 2011: $164,894Net Income 2011: $29,9752011Revenue 2012: $174,335Expenses 2012: $176,470Net Income 2012: -$2,1352012Expenses 2013: $201,9352013Revenue 2014: $319,661Expenses 2014: $230,870Net Income 2014: $88,7912014Revenue 2015: $306,326Expenses 2015: $276,452Net Income 2015: $29,8742015Revenue 2016: $226,256Expenses 2016: $286,696Net Income 2016: -$60,4402016Revenue 2017: $264,682Expenses 2017: $200,618Net Income 2017: $64,0642017Revenue 2018: $373,995Expenses 2018: $245,423Net Income 2018: $128,5722018Revenue 2019: $318,034Expenses 2019: $297,783Net Income 2019: $20,2512019Revenue 2020: $483,504Expenses 2020: $207,660Net Income 2020: $275,8442020Revenue 2021: $416,389Expenses 2021: $186,138Net Income 2021: $230,2512021Revenue 2022: $70,473Expenses 2022: $193,039Net Income 2022: -$122,5662022Revenue 2023: $442,006Expenses 2023: $307,882Net Income 2023: $134,1242023Revenue 2024: $275,016Expenses 2024: $374,463Net Income 2024: -$99,4472024Revenue 2025: $273,973Expenses 2025: $364,443Net Income 2025: -$90,4702025

Highlighted filing

2019

Revenue$318,034
Expenses$297,783
Net Income$20,251
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$318,034
Mission and Program Overview

Mission

The mission of the Grinnell Area Arts Council is to enrich the community by supporting creative expression.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$586,977$559,424▼ $27,553
Land, Buildings, and Equipment, Net$459,389$429,973▼ $29,416
Cash and Non-Interest-Bearing Accounts$179,538$139,381▼ $40,157
Savings and Temporary Cash Investments$7,546$107,888▲ $100,342
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,233,450$1,236,666▲ $3,216
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$72,000$60,000▼ $12,000
Accounts Payable and Accrued Expenses$1,294$1,152▼ $142
Total Liabilities$73,294$61,152▼ $12,142
Net Assets / Fund Balance
Unrestricted Net Assets$590,093$633,004▲ $42,911
Permanently Rstr Net Assets$570,063$542,510▼ $27,553
Total Net Assets Fund Balance$1,160,156$1,175,514▲ $15,358
Total Liabilities and Net Assets / Fund Balance$1,233,450$1,236,666▲ $3,216

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$225,663$56,714$282,377
Buildings$136,209$25,791$162,000
Other Land Buildings$50,101$25,439$75,540
Land$18,000-$18,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim DillPresident
Levi DresslerVice President
Chris HunterDirector
Claire FrancesDirector
Jess LeaseDirector
Lee SmithDirector
Nancy Rempel-ClowerDirector
Sig BarberDirector
Anna Halpin-HealySecretary
Darcy DawsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,235
Program Service Revenue
$178,741
Investment Income
$-2,062
Other Revenue
$5,120
All Other Contributions
$107,134
Change in Net Assets
$20,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,470
Salaries, Compensation, and Employee Benefits$62,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,353$42,456-$57,809
All Other Expenses$38,580$16,318-$54,898
Depreciation Depletion-$24,523-$24,523
Other Expenses$579$15,461-$16,040
Insurance-$10,719-$10,719
Advertising$4,496$228-$4,724
Payroll Taxes$1,242$3,262-$4,504
Fees for Services Accounting$380$2,225-$2,605
Total Functional Expenses$171,244$126,539$0$297,783
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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
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, Line 6: Explanation of Classes of Members or Shareholder

A membership fee allows community members to become members of the organization.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed and approved at the organizations board meeting.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board uses best practices in reviewing and evaluating the executive directors performance and compensation including comparing to other organizations and documenting the procedure.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request

Filing and Contact Details

Filer

Filer Name
Grinnell Area Arts Council
EIN
42-1130693
Phone
6412363203
Address
PO Box 657, Grinnell, IA 50112

Signing Officer

Name
Tim Dill
Title
President
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Dill
Formed
2007
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
120

Preparer

Firm
William B Ford Pc
Address
1805 MANOR DR, GRINNELL, IA 50112-1138
Preparer
William B Ford
Phone
6412368207
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Community Theatre - Grinnell Community Theatre stages live theatrical plays and musicals. Community members get involved as cast and crew, and shows are marketed and performed for the public. Productions involve casts from as small as 5 people to as large as 100 people, and the shows performed range from classical or avant-garde works to popular musicals. Community Theatre invites people with all levels of acting or theatre experience to participate. OTHER PROGRAM SERVICES 5: Turlach Ur Turlach Ur is a Scottish drum and pipe band with a roster of about 25 pipers and drummers. More than half of the band members are junior players ranging in age from 10 to 17. Together, the junior players comprise Turlach Ur's youth band, the Turlach Urchins. Turlach Ur is both a competition and concert band, performing concerts regularly both in Grinnell and beyond. The band is recognized widely for its unusually fun and innovative shows. Turlach Ur holds weekly practices and monthly group lessons at which all levels come together for instruction in small groups.

Form 990, Part IX, Line 24E: Other Expenses

Bank & CC Fees: Column (A) - Total = $2212; Column (B) - Program Services = $2088; Column (C) - Management & General = $124; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Dues & Subscriptions: Column (A) - Total = $2778; Column (B) - Program Services = $403; Column (C) - Management & General = $2375; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Investment Fees: Column (A) - Total = $8956; Column (B) - Program Services = $0; Column (C) - Management & General = $8956; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Mileage & Transportation: Column (A) - Total = $3003; Column (B) - Program Services = $2983; Column (C) - Management & General = $20; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Misc: Column (A) - Total = $74; Column (B) - Program Services = $74; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Other Labor: Column (A) - Total = $900; Column (B) - Program Services = $900; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage: Column (A) - Total = $1096; Column (B) - Program Services = $407; Column (C) - Management & General = $689; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing & Copying: Column (A) - Total = $4047; Column (B) - Program Services = $3645; Column (C) - Management & General = $402; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Professional Development: Column (A) - Total = $45; Column (B) - Program Services = $0; Column (C) - Management & General = $45; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Rent : Column (A) - Total = $8800; Column (B) - Program Services = $8800; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Repairs & Maintenance: Column (A) - Total = $15527; Column (B) - Program Services = $12620; Column (C) - Management & General = $2907; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Scholarship: Column (A) - Total = $1200; Column (B) - Program Services = $400; Column (C) - Management & General = $800; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Teaching & Educator Fees: Column (A) - Total = $5517; Column (B) - Program Services = $5517; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Tuition & Other Refunds: Column (A) - Total = $743; Column (B) - Program Services = $743; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To fund future programming and operations.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Education - The Grinnell Arts Academy provides quality after school, evening and weekend arts-related classes throughout the school year and during the summer. The arts academy programming creates a student-centered environment in which individual activities and group projects foster creative exploration through the arts, with emphasis placed on the creative process and experimentation. Directed by professional educators with the help of volunteers and college students.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Community Theatre - Grinnell Community Theatre stages live theatrical plays and musicals. Community members get involved as cast and crew, and shows are marketed and performed for the public. Productions involve casts from as small as 5 people to as large as 100 people, and the shows performed range from classical or avant-garde works to popular musicals. Community Theatre invites people with all levels of acting or theatre experience to participate.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.00$1.71$0.27$0.36$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.28$0.37$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.72$0.01$1.70$0.44$0.31$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.03$1.57$0.07$0.19$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.73$0.04$1.69$0.42$0.19$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.51$0.05$1.46$0.48$0.21$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.06$1.18$0.32$0.30$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.07$1.16$0.37$0.25$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.09$1.03$0.26$0.20$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.10$0.97$0.23$0.29$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.16$0.11$1.05$0.31$0.28$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.12$1.02$0.32$0.23$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.12$0.93$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.17$0.18$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.19$0.16$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.00$0.08$0.15$0.12$0.03