Civic Intelligence

The Foundry Art Centre

990 • Fiscal year 2017 • EIN 43-1948556

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

520 North Main CenterSt Charles, MO 63301

(636) 255-0270

Siviq Scores

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

Liabilities / Assets

69th percentile

0.17x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.13x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

52nd percentile

4.2%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$57,450

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

58th percentile

6.5%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

-0.6%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$413,148

Up $25,105 (+6.5%) from 2016

Net Assets

Up

$344,542

Up $22,821 (+7.1%) from 2016

Liabilities

Up

$68,606

Up $2,284 (+3.4%) from 2016

Revenue

Down

$539,479

Down $3,480 (-0.6%) from 2016

Expenses

Up

$516,658

Up $41,230 (+8.7%) from 2016

Net Income

Down

$22,821

Down $44,710 (-66%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $482,256Liabilities 2010: $103,541Net Assets 2010: $378,7152010Assets 2011: $391,404Liabilities 2011: $115,888Net Assets 2011: $275,5162011Assets 2012: $313,652Liabilities 2012: $114,649Net Assets 2012: $199,0032012Assets 2013: $298,828Liabilities 2013: $66,194Net Assets 2013: $232,6342013Assets 2014: $288,667Liabilities 2014: $70,442Net Assets 2014: $218,2252014Assets 2015: $322,096Liabilities 2015: $67,906Net Assets 2015: $254,1902015Assets 2016: $388,043Liabilities 2016: $66,322Net Assets 2016: $321,7212016Assets 2017: $413,148Liabilities 2017: $68,606Net Assets 2017: $344,5422017Assets 2018: $437,041Liabilities 2018: $43,135Net Assets 2018: $393,9062018Assets 2019: $406,454Liabilities 2019: $52,147Net Assets 2019: $354,3072019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$413,148
Liabilities$68,606
Net Assets$344,542

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $524,767Expenses 2010: $605,731Net Income 2010: -$80,9642010Revenue 2011: $548,412Expenses 2011: $651,611Net Income 2011: -$103,1992011Revenue 2012: $546,919Expenses 2012: $623,432Net Income 2012: -$76,5132012Revenue 2013: $584,297Expenses 2013: $550,666Net Income 2013: $33,6312013Revenue 2014: $497,574Expenses 2014: $511,576Net Income 2014: -$14,0022014Revenue 2015: $512,058Expenses 2015: $476,093Net Income 2015: $35,9652015Revenue 2016: $542,959Expenses 2016: $475,428Net Income 2016: $67,5312016Revenue 2017: $539,479Expenses 2017: $516,658Net Income 2017: $22,8212017Revenue 2018: $528,997Expenses 2018: $504,633Net Income 2018: $24,3642018Revenue 2019: $496,020Expenses 2019: $535,619Net Income 2019: -$39,5992019Revenue 2020: $384,522Expenses 2020: $456,130Net Income 2020: -$71,6082020

Highlighted filing

2017

Revenue$539,479
Expenses$516,658
Net Income$22,821
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$539,479
Mission and Program Overview

Mission

Regional interdiscipline art center

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$321,721$344,542▲ $22,821
Land, Buildings, and Equipment, Net$238,793$226,017▼ $12,776
Cash and Non-Interest-Bearing Accounts$143,065$181,802▲ $38,737
Total Assets$388,043$413,148▲ $25,105
Other Assets Total$6,185$5,329▼ $856
Liabilities
Other Liabilities$61,100$64,542▲ $3,442
Accounts Payable and Accrued Expenses$5,222$4,064▼ $1,158
Total Liabilities$66,322$68,606▲ $2,284
Net Assets / Fund Balance
Total Net Assets Fund Balance$321,721$344,542▲ $22,821
Total Liabilities and Net Assets / Fund Balance$388,043$413,148▲ $25,105

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,225$133,903-
Leasehold Improvements$206,792$121,127-
Other Assets Org$5,329--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Melissa WhitwamExecutive Director-currentFT$57,450$57,450

Board Members and Trustees

NameTitle
Lorna FrahmPresident
Mike KlinghammerVice President
Bill BanmillerBoard Member
Gary ShawBoard Member
Grace HarmonBoard Member
Grace NicholsBoard Member
Jerry ReeseBoard Member
John CarneyBoard Member
Joseph AlsorookBoard Member
Mary Ann OhmsBoard Member
Mary WestBoard Member
Sally FaithEx-offico
Tom McintyreSecretary
James DevereuxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$145,593
Program Service Revenue
$393,881
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$22,821

Audited Revenue Reconciliation

Revenue per Audited Statements
$539,479
Total Revenue per Audited Statements
$539,479
Total Revenue per Form 990
$539,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$293,286
Salaries, Compensation, and Employee Benefits$223,372
Total Fundraising Expense$33,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$100,353$48,057$0$148,410
All Other Expenses$145,368$0$0$145,368
Current Officers, Directors, Trustees, and Key Employees$25,853$25,852$5,745$57,450
Other Expenses$0$0$27,489$27,489
Depreciation Depletion$20,012$0$0$20,012
Payroll Taxes$10,730$6,294$488$17,512
Fees for Services Accounting$0$4,544$0$4,544
Total Functional Expenses$398,189$84,747$33,722$516,658

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$516,658
Total Expenses per Audited Statements$516,658
Total Expenses per Form 990$516,658
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Endowment$25,000
Deposits$22,096
Payroll and Payroll Taxes Payable$11,588
Accrued Expenses$5,858
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
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
Filing and Contact Details

Filer

Filer Name
The Foundry Art Centre
EIN
43-1948556
Phone
6362550270
Address
520 NORTH MAIN CENTER, ST CHARLES, MO 63301

Signing Officer

Name
James P Devereux
Title
Treasurer
Phone
6362550270
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorna Frahm
Formed
1997
Legal Domicile
Mo
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
30

Preparer

Firm
Devereux & Company LLC
Address
307 N MAIN ST, SAINT CHARLES, MO 63301-2032
Preparer
Richard G Stringham CPA
Phone
6369473151
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Gary Shaw and Jerry Hollingsworth are cousins

Pt VI, Line 6

There are members

Pt VI, Line 8A

Board meetings are documented

Pt VI, Line 8B

Committee meetings are documented

Pt VI, Line 11B

A copy of the 990 is provided to the board members

Pt VI, Line 12C

Documents retained since 2005 and are shredded when destroyed

Pt VI, Line 19

Documents are available upon request and on website

Pt VI, Line 15A

The Executive Director's salary is determined by the Board after the annual review

Form 990EZ, Part I, Line 16

BIG READ

Form 990EZ, Part I, Line 16

CREDIT CARD FEES

Form 990EZ, Part I, Line 16

SUPPLIES AND POSTAGE

Form 990EZ, Part I, Line 16

OFFICE SUPPLIES

Form 990EZ, Part I, Line 16

WEDDINGS & EVENTS

Form 990EZ, Part I, Line 16

BIG RED BOX

Form 990EZ, Part I, Line 16

SPECIAL PROJECTS

Form 990EZ, Part I, Line 16

LICENSE AND FEES

Form 990EZ, Part I, Line 16

TRAVEL AND AUTO EXPENSE

Form 990EZ, Part I, Line 16

OTHER PROGRAM EXPENSES

Form 990EZ, Part I, Line 16

TAXES

Form 990EZ, Part I, Line 16

Class and teaching expense

Form 990EZ, Part I, Line 16

EVENT EXPENSE

Form 990EZ, Part I, Line 16

CATERING EXPENSE

Form 990EZ, Part I, Line 16

ANNUAL APPEAL EXPENSE

Form 990EZ, Part I, Line 16

EXHIBITION EXPENSE

Form 990EZ, Part I, Line 16

GRAND LUNCH

Form 990EZ, Part I, Line 16

HOLIDAY CONCERT EXPENSE

Form 990EZ, Part I, Line 16

INTEREST EXPENSE

Form 990EZ, Part I, Line 16

MEMORIALS AND TRIBUTES

Form 990EZ, Part I, Line 16

MOSAICS EXPENSE

Form 990EZ, Part I, Line 16

RENTAL EXPENSE

Form 990EZ, Part I, Line 16

GENERAL EXPENSE

Form 990EZ, Part I, Line 16

INSURANCE

Form 990EZ, Part II, Line 24

Prepaid interest on tennant t3

Form 990EZ, Part II, Line 26

ACCOUNTS PAYABLE

Form 990EZ, Part II, Line 26

NOTE PAYABLE LOC

Form 990EZ, Part II, Line 26

PAYROLL TAXES PAYABLE

Form 990EZ, Part II, Line 26

DEPOSITS

Form 990EZ, Part II, Line 26

DUE TO AFFILIATE

Form 990EZ, Part II, Line 26

NOTE PAYABLE TENNANT T3

Form 990EZ, Part II, Line 26

DUE TO ENDOWMENT

Form 990, Part IX, Line 24E

Cleaning supplies 5348. 5348. 0. 0.

Form 990, Part IX, Line 24E

Printing/programming 2721. 2721. 0. 0.

Form 990, Part IX, Line 24E

Contract services 16489. 16489. 0. 0.

Form 990, Part IX, Line 24E

Supplies 3820. 3820. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 5163. 5163. 0. 0.

Form 990, Part IX, Line 24E

Dues and subscriptions 1244. 1244. 0. 0.

Form 990, Part IX, Line 24E

Insurance - liability 13325. 13325. 0. 0.

Form 990, Part IX, Line 24E

Insurance - health 20430. 20430. 0. 0.

Form 990, Part IX, Line 24E

OUTREACH 314. 314. 0. 0.

Form 990, Part IX, Line 24E

Exhibitions 2265. 2265. 0. 0.

Form 990, Part IX, Line 24E

Classes 16967. 16967. 0. 0.

Form 990, Part IX, Line 24E

Elevator inspections 84. 84. 0. 0.

Form 990, Part IX, Line 24E

Gallery monitoring 4456. 4456. 0. 0.

Form 990, Part IX, Line 24E

INTERNET 759. 759. 0. 0.

Form 990, Part IX, Line 24E

Equipment rental 10487. 10487. 0. 0.

Form 990, Part IX, Line 24E

Building maintenance 4955. 4955. 0. 0.

Form 990, Part IX, Line 24E

AWARDS 3100. 3100. 0. 0.

Form 990, Part IX, Line 24E

Outside services 9962. 9962. 0. 0.

Form 990, Part IX, Line 24E

Pest control 37. 37. 0. 0.

Form 990, Part IX, Line 24E

Shipping 1950. 1950. 0. 0.

Form 990, Part IX, Line 24E

Telephone 2917. 2917. 0. 0.

Form 990, Part IX, Line 24E

TRAVEL 366. 366. 0. 0.

Form 990, Part IX, Line 24E

Utilities 18209. 18209. 0. 0.

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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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO ENDOWMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Gary Shaw and Jerry Hollingsworth are cousins
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board meetings are documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Committee meetings are documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A copy of the 990 is provided to the board members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents retained since 2005 and are shredded when destroyed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are available upon request and on website
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Executive Director's salary is determined by the Board after the annual review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BIG READ
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CREDIT CARD FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SUPPLIES AND POSTAGE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11OFFICE SUPPLIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12WEDDINGS & EVENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13BIG RED BOX
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14SPECIAL PROJECTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LICENSE AND FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16TRAVEL AND AUTO EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17OTHER PROGRAM EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18TAXES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19CLASS AND TEACHING EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20EVENT EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21CATERING EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22ANNUAL APPEAL EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23EXHIBITION EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24GRAND LUNCH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25HOLIDAY CONCERT EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26INTEREST EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27MEMORIALS AND TRIBUTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28MOSAICS EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29RENTAL EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30GENERAL EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31INSURANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32PREPAID INTEREST ON TENNANT T3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt33ACCOUNTS PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt34NOTE PAYABLE LOC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt35PAYROLL TAXES PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt36DEPOSITS

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