Civic Intelligence

Performing Arts Academy

990 • Fiscal year 2018 • EIN 45-4372479

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 05, 2019

8817 S BroadwayHighlands Ranch, CO 80129

(303) 900-7041

Siviq Scores

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

Liabilities / Assets

75th percentile

0.24x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.09x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

44th percentile

1.4%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$40,250

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$184,296

Up $23,002 (+14%) from 2017

Net Assets

Up

$139,990

Up $6,728 (+5.0%) from 2017

Liabilities

Up

$44,306

Up $16,274 (+58%) from 2017

Revenue

Up

$492,592

Up $69,732 (+16%) from 2017

Expenses

Up

$485,864

Up $74,749 (+18%) from 2017

Net Income

Down

$6,728

Down $5,017 (-43%) from 2017

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 2013: $19,655Liabilities 2013: $7,566Net Assets 2013: $12,0892013Assets 2014: $39,602Liabilities 2014: $15,381Net Assets 2014: $24,2212014Assets 2015: $138,299Liabilities 2015: $21,413Net Assets 2015: $116,8862015Assets 2016: $145,077Liabilities 2016: $23,560Net Assets 2016: $121,5172016Assets 2017: $161,294Liabilities 2017: $28,032Net Assets 2017: $133,2622017Assets 2018: $184,296Liabilities 2018: $44,306Net Assets 2018: $139,9902018Assets 2019: $267,791Liabilities 2019: $83,529Net Assets 2019: $184,2622019Assets 2020: $326,375Liabilities 2020: $94,045Net Assets 2020: $232,3302020Assets 2021: $432,362Liabilities 2021: $97,366Net Assets 2021: $334,9962021Assets 2022: $808,627Liabilities 2022: $411,540Net Assets 2022: $397,0872022Assets 2023: $804,514Liabilities 2023: $267,311Net Assets 2023: $537,2032023Assets 2024: $822,976Liabilities 2024: $200,987Net Assets 2024: $621,9892024Assets 2025: $1,258,360Liabilities 2025: $575,492Net Assets 2025: $682,8682025

Highlighted filing

2018

Assets$184,296
Liabilities$44,306
Net Assets$139,990

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2013: $125,660Expenses 2013: $120,026Net Income 2013: $5,6342013Revenue 2014: $192,554Expenses 2014: $180,422Net Income 2014: $12,1322014Revenue 2015: $309,794Expenses 2015: $217,129Net Income 2015: $92,6652015Revenue 2016: $342,787Expenses 2016: $338,156Net Income 2016: $4,6312016Revenue 2017: $422,860Expenses 2017: $411,115Net Income 2017: $11,7452017Revenue 2018: $492,592Expenses 2018: $485,864Net Income 2018: $6,7282018Revenue 2019: $575,844Expenses 2019: $531,572Net Income 2019: $44,2722019Revenue 2020: $576,325Expenses 2020: $528,257Net Income 2020: $48,0682020Revenue 2021: $854,339Expenses 2021: $751,673Net Income 2021: $102,6662021Revenue 2022: $1,082,453Expenses 2022: $1,020,362Net Income 2022: $62,0912022Revenue 2023: $1,268,207Expenses 2023: $1,128,091Net Income 2023: $140,1162023Revenue 2024: $1,366,279Expenses 2024: $1,281,493Net Income 2024: $84,7862024Revenue 2025: $1,530,028Expenses 2025: $1,469,149Net Income 2025: $60,8792025

Highlighted filing

2018

Revenue$492,592
Expenses$485,864
Net Income$6,728
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 5, 2019
Return Version
2018v3.1
Gross Receipts
$524,573
Mission and Program Overview

Mission

Creating a connected community, developing and building each student's character, and inspiring excellence through classes and productions. Experiencing the power of collective achievement provides a foundation on which our students build an awareness of their place in the world, while growing through creative opportunities, and deepening their understanding that together, we become more than we are individually.

To provide transformative character building experiences through performing arts education See Part III line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$43,642$142,551▲ $98,909
Land, Buildings, and Equipment, Net$17,822$18,970▲ $1,148
Prepaid Expenses and Deferred Charges$5,885$17,518▲ $11,633
Accounts Receivable$1,856$4,244▲ $2,388
Savings and Temporary Cash Investments$92,089$1,013▼ $91,076
Total Assets$161,294$184,296▲ $23,002
Liabilities
Deferred Revenue$18,541$31,740▲ $13,199
Accounts Payable and Accrued Expenses$9,491$12,566▲ $3,075
Total Liabilities$28,032$44,306▲ $16,274
Net Assets / Fund Balance
Unrestricted Net Assets$113,262$104,990▼ $8,272
Temporarily Rstr Net Assets$20,000$35,000▲ $15,000
Total Net Assets Fund Balance$133,262$139,990▲ $6,728
Total Liabilities and Net Assets / Fund Balance$161,294$184,296▲ $23,002

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,970$7,460$26,430
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James RamseyExecutive DirectorPT$40,250$40,250

Board Members and Trustees

NameTitle
Marty DavidsonBoard Chair
Ann SmithDirector
Bob RobertsDirector
Dani StangDirector
David RhodesDirector
Jeff SuntkenDirector
Tracy BaumgartnerDirector
Ken FongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$160,417
Program Service Revenue
$297,792
Investment Income
$571
Other Revenue
$33,812
All Other Contributions
$118,183
Change in Net Assets
$6,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$492,592
Total Revenue per Audited Statements
$492,592
Total Revenue per Form 990
$492,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,563
Salaries, Compensation, and Employee Benefits$227,386
Total Fundraising Expense$34,873
Grants and Similar Amounts Paid$20,915
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,282$24,599$7,865$170,746
Current Officers, Directors, Trustees, and Key Employees$12,075$16,100$12,075$40,250
Advertising$19,866-$4,966$24,832
Grants to Domestic Individuals$20,915--$20,915
Royalties$19,849--$19,849
Office Expenses$10,559$6,188$2,153$18,900
Other Expenses$17,310--$17,310
Payroll Taxes$11,680$3,161$1,549$16,390
All Other Expenses$5,529$3,006$1,576$10,111
Occupancy$6,224$2,800$700$9,724
Depreciation Depletion$4,201$1,911-$6,112
Insurance$2,584$1,917$1,084$5,585
Fees for Services Accounting-$1,825$1,825$3,650
Information Technology$1,671-$1,080$2,751
Total Functional Expenses$389,484$61,507$34,873$485,864

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$485,864
Total Expenses per Audited Statements$485,864
Total Expenses per Form 990$485,864
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,793
Fundraising Direct Expenses$31,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$99,960$57,725$7,385$50,340
Total Events$99,960$57,725$28,923$28,802
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
Yes
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

Part VI Line 11B

Reviewed and approved by management and the executive board

Part VI Line 11B

prior to filing.

Part VI Line 19

Upon request

Filing and Contact Details

Filer

Filer Name
Performing Arts Academy
EIN
45-4372479
In Care Of
% Dr James Ramsey
Phone
3039007041
Address
8817 S Broadway, Highlands Ranch, CO 80129

Signing Officer

Name
Dr James Ramsey
Title
Executive Director
Phone
3039007041
Signed
2019-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marty Davidson
Formed
2011
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
127

Preparer

Firm
Claudia B Whitcomb CPA PC
Address
3665 John F Kennedy Pkwy, Bldg 1 Suite 210, FORT COLLINS, CO 80525
Preparer
Cynthia B Mcgrorey
Phone
9703770822
Supplemental Narrative

Additional Explanations

Part IX, Line 13

Office Supplies ---- $9,555

Part IX, Line 13

General Business Exp ---- $6,540

Part IX, Line 13

Telephone ---- $2,805

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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/PYSalariesCompEmpBnftPaidAmt0177602
IRS990/PYTotalExpensesAmt0411115
IRS990/PYTotalRevenueAmt0422860
IRS990/ReconcilationRevenueExpnssAmt06728
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/ProgramServicesAmt019849
IRS990/RoyaltiesGrp/TotalAmt019849
IRS990/SavingsAndTempCashInvstGrp/BOYAmt092089
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01013
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0118183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0113217
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt099580
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0130235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt058904
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0520119
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01290
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0855
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0363586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0335315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0276843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0197283
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0150503
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01323530
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0855
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02716
IRS990ScheduleA/InvestmentIncomeCYPct00.00147
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99853
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01843649
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0481769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0448532
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0376423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0327518
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0209407
IRS990ScheduleA/Total509Grp/TotalAmt01843649
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0482340
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0449822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0377278
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0327518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0209407
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01846365
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt018970
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07460
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026430
IRS990ScheduleD/ExpensesSubtotalAmt0485864
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/RevenueSubtotalAmt0492592
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018970
IRS990ScheduleD/TotalExpensesPerForm990Amt0485864
IRS990ScheduleD/TotalRevenuePerForm990Amt0492592
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0492592
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0485864
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt042235
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt042235
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt028923
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0375
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt099960
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt099960
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt057725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt057725
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028802
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02602
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02602
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07385
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07385
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt018561
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt018561
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020915
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Program Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt067
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed and approved by management and the executive board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Office Supplies ---- $9,555
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4General Business Exp ---- $6,540
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Telephone ---- $2,805
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part IX, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part IX, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part IX, Line 13
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt020000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt035000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0161294
IRS990/TotalAssetsEOYAmt0184296
IRS990/TotalAssetsGrp/BOYAmt0161294
IRS990/TotalAssetsGrp/EOYAmt0184296
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0160417
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034873
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061507
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0389484
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485864
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028032

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