Civic Intelligence

Springfield Regional Arts Council

990 • Fiscal year 2015 • EIN 43-1225541

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

411 N Sherman ParkwaySpringfield, MO 65802

(417) 862-2787

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.02x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.02x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

54th percentile

4.6%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

61st percentile

5.2%

Faster asset growth than 61% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

79th percentile

28%

Faster revenue growth than 79% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$593,783

Up $29,264 (+5.2%) from 2014

Net Assets

Up

$580,668

Up $32,097 (+5.9%) from 2014

Liabilities

Down

$13,115

Down $2,833 (-18%) from 2014

Revenue

Up

$690,895

Up $149,799 (+28%) from 2014

Expenses

Up

$658,798

Up $154,394 (+31%) from 2014

Net Income

Down

$32,097

Down $4,595 (-13%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $512,815Liabilities 2011: $12,693Net Assets 2011: $500,1222011Assets 2012: $454,180Liabilities 2012: $14,585Net Assets 2012: $439,5952012Assets 2013: $528,595Liabilities 2013: $16,716Net Assets 2013: $511,8792013Assets 2014: $564,519Liabilities 2014: $15,948Net Assets 2014: $548,5712014Assets 2015: $593,783Liabilities 2015: $13,115Net Assets 2015: $580,6682015Assets 2016: $652,378Liabilities 2016: $11,865Net Assets 2016: $640,5132016Assets 2017: $756,934Liabilities 2017: $6,784Net Assets 2017: $750,1502017Assets 2018: $899,230Liabilities 2018: $8,564Net Assets 2018: $890,6662018Assets 2019: $912,561Liabilities 2019: $6,223Net Assets 2019: $906,3382019Assets 2020: $904,832Liabilities 2020: $44,489Net Assets 2020: $860,3432020Assets 2021: $1,099,236Liabilities 2021: $8,057Net Assets 2021: $1,091,1792021Assets 2022: $1,117,778Liabilities 2022: $14,357Net Assets 2022: $1,103,4212022Assets 2023: $1,221,971Liabilities 2023: $21,861Net Assets 2023: $1,200,1102023Assets 2024: $1,341,832Liabilities 2024: $40,745Net Assets 2024: $1,301,0872024

Highlighted filing

2015

Assets$593,783
Liabilities$13,115
Net Assets$580,668

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $728,950Expenses 2011: $685,361Net Income 2011: $43,5892011Revenue 2012: $600,836Expenses 2012: $665,242Net Income 2012: -$64,4062012Revenue 2013: $626,784Expenses 2013: $564,801Net Income 2013: $61,9832013Revenue 2014: $541,096Expenses 2014: $504,404Net Income 2014: $36,6922014Revenue 2015: $690,895Expenses 2015: $658,798Net Income 2015: $32,0972015Revenue 2016: $558,679Expenses 2016: $487,367Net Income 2016: $71,3122016Revenue 2017: $613,278Expenses 2017: $529,967Net Income 2017: $83,3112017Revenue 2018: $673,644Expenses 2018: $551,999Net Income 2018: $121,6452018Revenue 2019: $593,641Expenses 2019: $585,862Net Income 2019: $7,7792019Revenue 2020: $537,892Expenses 2020: $509,508Net Income 2020: $28,3842020Revenue 2021: $641,259Expenses 2021: $496,206Net Income 2021: $145,0532021Revenue 2022: $710,258Expenses 2022: $610,071Net Income 2022: $100,1872022Revenue 2023: $808,264Expenses 2023: $741,630Net Income 2023: $66,6342023Revenue 2024: $959,079Expenses 2024: $918,086Net Income 2024: $40,9932024

Highlighted filing

2015

Revenue$690,895
Expenses$658,798
Net Income$32,097
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$703,874
Mission and Program Overview

Mission

To transform lives and enrich our community through the arts.

Srac's mission is to transform lives and enrich our community through the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$410,994$424,652▲ $13,658
Cash and Non-Interest-Bearing Accounts$94,880$132,936▲ $38,056
Land, Buildings, and Equipment, Net$35,200$18,503▼ $16,697
Accounts Receivable$15,822$10,164▼ $5,658
Prepaid Expenses and Deferred Charges$7,623$7,528▼ $95
Total Assets$564,519$593,783▲ $29,264
Liabilities
Accounts Payable and Accrued Expenses$14,698$13,115▼ $1,583
Deferred Revenue$1,250--
Total Liabilities$15,948$13,115▼ $2,833
Net Assets / Fund Balance
Temporarily Rstr Net Assets$244,636$253,118▲ $8,482
Permanently Rstr Net Assets$186,897$198,637▲ $11,740
Unrestricted Net Assets$117,038$128,913▲ $11,875
Total Net Assets Fund Balance$548,571$580,668▲ $32,097
Total Liabilities and Net Assets / Fund Balance$564,519$593,783▲ $29,264

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,503$174,400$192,903

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$410,994$18,962▲ $846$2,497$424,652
2013$296,124$93,436▲ $30,386$6,355$410,994
2012$68,220$221,137▲ $7,521-$296,124
2011$68,504$1,830▼ $1,614-$68,220
2010$57,380$789▲ $10,835-$68,504
Compensation and Service Providers

Board Members and Trustees

NameTitle
Louise KnauerImmediate Past President
Kristy ChastainPresident
Andrew JaredBoard Member
Cindy LearBoard Member
Gary MossBoard Member
Heather Rooney McbrideBoard Member
Jenny Fillmer EdwardsBoard Member
Jerri LovelandBoard Member
Jim LohmeyerBoard Member
John SteinbergBoard Member
Jon HerbertBoard Member
Kat AllieBoard Member
Lyle FosterBoard Member
MEGANNE ROSEN O'NEALBoard Member
Mark BiggsBoard Member
Penny Gordon-chumbleyBoard Member
Rachel JamiesonBoard Member
Rebecca SmithBoard Member
Leslie ForresterExecutive Director
Jeff CumleyEx-officio
Sally BairdSecretary
Rachel ElsberryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$345,594
Program Service Revenue
$347,873
Investment Income
$829
Other Revenue
$-3,401
All Other Contributions
$301,416
Change in Net Assets
$32,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$690,895
Revenue Not Reported on Form 990
$17,060
Total Revenue per Audited Statements
$707,955
Total Revenue per Form 990
$690,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$529,901
Salaries, Compensation, and Employee Benefits$128,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$32,548$192,265$0$224,813
All Other Expenses$102,272$22,988$0$125,260
Other Salaries and Wages$43,116$65,405$0$108,521
Other Expenses$34,035$0$0$34,035
Depreciation Depletion$0$17,241$0$17,241
Insurance$2,283$9,079$0$11,362
Advertising$7,665$3,670$0$11,335
Other Employee Benefits$0$11,239$0$11,239
Fees for Services Accounting$600$8,545$0$9,145
Payroll Taxes$3,298$5,839$0$9,137
Office Expenses$3,465$1,164$0$4,629
Travel$1,341$3,044$0$4,385
Information Technology$1,784$1,606$0$3,390
Total Functional Expenses$314,943$343,855$0$658,798

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$675,858
Expenses per Audited Statements$658,798
Total Expenses per Form 990$658,798
Expenses Not Reported on Form 990$17,060
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,979
Fundraising Gross Income$9,578
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ozzie Awards - Dinner$26,428$9,578$5,232$4,346
Total Events$26,428$9,578$12,979$-3,401
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
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Springfield Regional Arts Council
EIN
43-1225541
Phone
4178622787
Address
411 N SHERMAN PARKWAY, SPRINGFIELD, MO 65802

Signing Officer

Name
Leslie Forrester
Title
Executive Director
Phone
4178622787
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Formed
1978
Legal Domicile
Mo
Voting Board Members
20
Independent Board Members
20
Employees
5
Volunteers
150

Preparer

Firm
York & Hopp Cpas
Address
202 E COMMERCIAL ST, SPRINGFIELD, MO 65803
Preparer
Brittany K Hopp
Phone
4178822608
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft of the form 990 is presented at the board meeting prior to the filing deadline for approval from the board members

Pt VI, Line 12C

Each proposed new board member will file a potential conflict report. Existing board members will file a potential conflict report annually, in june, with the executive director.

Pt VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Pt XII, Line 2C

The organization's oversight process and its independent auditor selection process did not change from the prior year

Form 990, Part III, Line 4D

Various other arts programs provided in conjunction with 243711. 0. 170932.

Form 990, Part IX, Line 24F

Bank fees 9101. 1172. 7929. 0. Cash awards 4760. 4760. 0. 0. Dues & memberships 1954. 1954. 0. 0. Educational supplies 1829. 1829. 0. 0. Repairs & maintenance 7715. 3931. 3784. 0. Fireworks 3000. 3000. 0. 0. First friday fees 720. 720. 0. 0. Food, snacks & drinks 4822. 4592. 230. 0. Gifts 472. 189. 283. 0. Honorariums & awards 1680. 1680. 0. 0. Instructors 36589. 36589. 0. 0. Licenses, royalties & fees 1661. 1661. 0. 0. Mailing & postage 2655. 1296. 1359. 0. Performers 11850. 11850. 0. 0. Printi

Financial Statement Notes

Pt XI, Line 2D

Investment losses (4,081), direct fundraiser expenses shown on schedule g (12,979)

Pt XII, Line 2D

Investment losses (4,081), direct fundraiser expenses shown on schedule g (12,979)

Pt V, Line 4

As the endowment grows, we intend to use the interest earned for our educational programs and administrative expenses.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.04$1.30$0.96$0.92$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.02$1.20$0.81$0.74$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.01$1.10$0.71$0.61$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.09$0.64$0.50$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.04$0.86$0.54$0.51$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.01$0.91$0.59$0.59$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.90$0.01$0.89$0.67$0.55$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.76$0.01$0.75$0.61$0.53$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.64$0.56$0.49$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.58$0.69$0.66$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.02$0.55$0.54$0.50$0.04
2013Summary only. Only limited summary data is available for this year.$0.53$0.02$0.51$0.63$0.56$0.06
2012Summary only. Only limited summary data is available for this year.$0.45$0.01$0.44$0.60$0.67$0.06
2011Summary only. Only limited summary data is available for this year.$0.51$0.01$0.50$0.73$0.69$0.04