Civic Intelligence

Gloucester Arts on Main Inc.

990 • Fiscal year 2020 • EIN 45-2946669

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 09, 2020

6580-B Main StreetGloucester, VA 23061

(804) 824-9464

Siviq Scores

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

Liabilities / Assets

90th percentile

0.74x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

1.28x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

54th percentile

8.6%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

97th percentile

312%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

1.4%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$537,371

Up $407,040 (+312%) from 2019

Net Assets

Up

$141,971

Up $25,576 (+22%) from 2019

Liabilities

Up

$395,400

Up $381,464 (+2737%) from 2019

Revenue

Up

$309,637

Up $4,248 (+1.4%) from 2019

Expenses

Up

$283,004

Up $35,262 (+14%) from 2019

Net Income

Down

$26,633

Down $31,014 (-54%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2012: $2,509Liabilities 2012: $28,003Net Assets 2012: -$25,4942012Assets 2013: $7,861Liabilities 2013: $20,862Net Assets 2013: -$13,0012013Assets 2014: $2,188Liabilities 2014: $19,951Net Assets 2014: -$17,7632014Assets 2015: $18,802Liabilities 2015: $2,650Net Assets 2015: $16,1522015Assets 2016: $25,746Liabilities 2016: $12,694Net Assets 2016: $13,0522016Assets 2017: $37,881Liabilities 2017: $4,402Net Assets 2017: $33,4792017Assets 2018: $66,550Liabilities 2018: $8,6232018Assets 2019: $130,331Liabilities 2019: $13,936Net Assets 2019: $116,3952019Assets 2020: $537,371Liabilities 2020: $395,400Net Assets 2020: $141,9712020Assets 2021: $699,633Liabilities 2021: $374,382Net Assets 2021: $325,2512021Assets 2022: $1,107,932Liabilities 2022: $366,504Net Assets 2022: $741,4282022Assets 2023: $1,070,770Liabilities 2023: $357,596Net Assets 2023: $713,1742023Assets 2024: $1,041,818Liabilities 2024: $347,435Net Assets 2024: $694,3832024

Highlighted filing

2020

Assets$537,371
Liabilities$395,400
Net Assets$141,971

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2012: $62,439Expenses 2012: $87,933Net Income 2012: -$25,4942012Revenue 2013: $109,374Expenses 2013: $96,891Net Income 2013: $12,4832013Revenue 2014: $90,402Expenses 2014: $95,263Net Income 2014: -$4,8612014Revenue 2015: $159,217Expenses 2015: $140,155Net Income 2015: $19,0622015Revenue 2016: $150,006Expenses 2016: $153,535Net Income 2016: -$3,5292016Revenue 2017: $155,410Expenses 2017: $134,836Net Income 2017: $20,5742017Revenue 2018: $175,488Expenses 2018: $150,823Net Income 2018: $24,6652018Revenue 2019: $305,389Expenses 2019: $247,742Net Income 2019: $57,6472019Revenue 2020: $309,637Expenses 2020: $283,004Net Income 2020: $26,6332020Revenue 2021: $461,377Expenses 2021: $278,237Net Income 2021: $183,1402021Revenue 2022: $752,799Expenses 2022: $336,622Net Income 2022: $416,1772022Revenue 2023: $285,912Expenses 2023: $314,166Net Income 2023: -$28,2542023Revenue 2024: $316,869Expenses 2024: $337,542Net Income 2024: -$20,6732024

Highlighted filing

2020

Revenue$309,637
Expenses$283,004
Net Income$26,633
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 9, 2020
Return Version
2019v5.0
Gross Receipts
$316,075
Mission and Program Overview

Mission

To provide a creative environment for the arts to flourish, enriching the quality of life for people of all ages by offering workshops, classes, exhibits and events in a gallery where artists exhibit work.

To provide a creative environment for the arts to flourish Programs include classes events workshops and exhibits

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$446,688-
Cash and Non-Interest-Bearing Accounts$109,642$90,483▼ $19,159
Accounts Receivable$20,689--
Pledges and Grants Receivable-$200-
Total Assets$130,331$537,371▲ $407,040
Liabilities
Mortgage Notes Payable Secured by Investment Property-$370,715-
Unsecured Notes Loans Payable-$21,400-
Deferred Revenue$9,000--
Accounts Payable and Accrued Expenses$4,936$3,285▼ $1,651
Total Liabilities$13,936$395,400▲ $381,464
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,233$121,594▲ $14,361
Net Assets With Donor Restrictions$9,162$20,377▲ $11,215
Total Net Assets Fund Balance$116,395$141,971▲ $25,576
Total Liabilities and Net Assets / Fund Balance$130,331$537,371▲ $407,040

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$279,608$3,632$283,240
Land$167,080--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lynne ManningChair
Hugh BryanChairElect
Amy InglesDirector
Bill FultonDirector
Carol SteeleDirector
Carolyn DudleyDirector
Karen FloweDirector
Leslie BelvinDirector
Mike IveyDirector
Ron FloweDirector
Suzanne ScottDirector
Theresa StavensDirector
Vicki DyerDirector
Yolanda TeshnerDirector
Willard GrantTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$185,242
Program Service Revenue
$52,173
Investment Income
$0
Other Revenue
$72,222
All Other Contributions
$185,242
Change in Net Assets
$26,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,374
Salaries, Compensation, and Employee Benefits$95,630
Total Fundraising Expense$7,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,027$64,807-$88,834
All Other Expenses$5,673$14,506-$20,179
Fees for Services Accounting-$13,674-$13,674
Office Expenses-$3,716$7,677$11,393
Other Expenses$8,847$5,195-$8,847
Occupancy-$7,480-$7,480
Interest-$7,376-$7,376
Payroll Taxes$1,835$4,961-$6,796
Insurance-$5,422-$5,422
Depreciation Depletion-$3,632-$3,632
Information Technology-$2,683-$2,683
Advertising-$2,213-$2,213
Fees for Services Other-$2,212-$2,212
Total Functional Expenses$137,450$137,877$7,677$283,004
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$74,395
Fundraising Direct Expenses$5,290
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$58,787$58,787$771$58,016
River Jam$15,608$15,608$668$14,940
Total Events$74,395$74,395$5,290$69,105
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kay Van DykeFounderSale of buildingNo$450,320
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 2

Board members Ron and Karen Flowe are married.

Part VI Line 11B

Prior to filing form 990, the Treasurer provides a draft copy to

Part VI Line 11B

to members of the board for their review.

Part VI Line 12C

Officers and directors are required to immediately

Part VI Line 12C

disclose any interests that could give rise to conflicts.

Part VI Line 15A or B

The process for determining compensation includes

Part VI Line 15A or B

independent review and approval, and comparability data.

Part VI Line 19

Governing documents,financial statements, and policies

Part VI Line 19

are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Gloucester Arts on Main Inc
EIN
45-2946669
In Care Of
% Willard Grant
Phone
8048249464
Address
6580-B Main Street, Gloucester, VA 23061

Signing Officer

Name
Willard Grant
Title
Treasurer
Phone
2024313538
Signed
2020-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Willard Grant
Formed
2011
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
14
Employees
13
Volunteers
20

Preparer

Firm
Bronwyn Hughes CPA
Address
PO Box 801, Mathews, VA 23109
Preparer
Bronwyn Hughes
Phone
8047256751
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IRS990/ProgramServiceRevenueGrp/Desc0Consignment art sales
IRS990/ProgramServiceRevenueGrp/Desc1Classes
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IRS990/ProgSrvcAccomActy2Grp/Desc0Arts on Main runs a gallery and hosts events where local artists showcase their work and sell on consignment.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Arts on Main offers classes in a wide variety of disciplines. In addition, the organization sponsors an After-School art class program for children in local public schools.
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0279608
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