Civic Intelligence

Performing Arts Academy

990 • Fiscal year 2019 • EIN 45-4372479

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 11, 2020

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

79th percentile

0.31x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.15x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

59th percentile

7.7%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$41,109

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

88th percentile

45%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$267,791

Up $83,495 (+45%) from 2018

Net Assets

Up

$184,262

Up $44,272 (+32%) from 2018

Liabilities

Up

$83,529

Up $39,223 (+89%) from 2018

Revenue

Up

$575,844

Up $83,252 (+17%) from 2018

Expenses

Up

$531,572

Up $45,708 (+9.4%) from 2018

Net Income

Up

$44,272

Up $37,544 (+558%) from 2018

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

2019

Assets$267,791
Liabilities$83,529
Net Assets$184,262

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

2019

Revenue$575,844
Expenses$531,572
Net Income$44,272
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 11, 2020
Return Version
2019v5.0
Gross Receipts
$630,233
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$142,551$176,540▲ $33,989
Investments in Publicly Traded Securities-$50,598-
Land, Buildings, and Equipment, Net$18,970$24,621▲ $5,651
Prepaid Expenses and Deferred Charges$17,518$8,719▼ $8,799
Accounts Receivable$4,244$6,300▲ $2,056
Savings and Temporary Cash Investments$1,013$1,013→ $0
Total Assets$184,296$267,791▲ $83,495
Liabilities
Deferred Revenue$31,740$59,082▲ $27,342
Accounts Payable and Accrued Expenses$12,566$18,807▲ $6,241
Other Liabilities-$5,640-
Total Liabilities$44,306$83,529▲ $39,223
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$104,990$122,699▲ $17,709
Net Assets With Donor Restrictions$35,000$61,563▲ $26,563
Total Net Assets Fund Balance$139,990$184,262▲ $44,272
Total Liabilities and Net Assets / Fund Balance$184,296$267,791▲ $83,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,621$13,592$38,213
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James RamseyExecutive DirectorPT$41,109$41,109

Board Members and Trustees

NameTitle
Tracy BaumgartnerBoard Chair
Marty DavidsonVice Chair
Al FialkovichDirector
Bob RobertsDirector
David RhodesDirector
Matt MannDirector
Dani StangSecretary
Ken FongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$217,225
Program Service Revenue
$328,455
Investment Income
$598
Other Revenue
$29,566
All Other Contributions
$140,548
Change in Net Assets
$44,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$257,380
Salaries, Compensation, and Employee Benefits$249,742
Total Fundraising Expense$47,855
Grants and Similar Amounts Paid$24,450
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,073$17,792$16,882$190,747
Current Officers, Directors, Trustees, and Key Employees$12,333$16,443$12,333$41,109
Grants to Domestic Individuals$24,450--$24,450
Advertising$18,607$385$4,854$23,846
Royalties$22,932--$22,932
Payroll Taxes$12,992$2,641$2,253$17,886
All Other Expenses$11,485$995$3,674$16,154
Other Expenses$15,517--$15,517
Occupancy$8,263$2,625$875$11,763
Office Expenses$3,585$7,112$415$11,112
Fees for Services Accounting-$3,750$3,750$7,500
Information Technology$2,241$2,240$2,200$6,681
Depreciation Depletion$5,243$889-$6,132
Insurance$3,096$1,150$619$4,865
Total Functional Expenses$427,695$56,022$47,855$531,572
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$83,955
Fundraising Direct Expenses$54,389
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$143,838$67,161$6,492$60,669
Others$16,794$16,794$2,956$13,838
Total Events$160,632$83,955$54,389$29,566
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$5,640
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Part VI Line 11B

Reviewed and approved by Executive Director and Finance Manager

Part VI Line 11B

Distributed to the Board of Directors

Part VI Line 15A or B

Executive Director pay determined by BOD

Part VI Line 19

Upon request

Filing and Contact Details

Filer

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

Signing Officer

Name
James Ramsey
Title
Executive Director
Phone
3039007041
Signed
2020-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Baumgartner
Formed
2011
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
10
Volunteers
75

Preparer

Firm
Cindy McGrorey CPA LLC
Address
1913 Catkins Court, Fort Collins, CO 80528
Preparer
Cynthia B Mcgrorey
Phone
9704813835
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31488
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0160417
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt020915
IRS990/PYInvestmentIncomeAmt0571
IRS990/PYOtherExpensesAmt0237563
IRS990/PYOtherRevenueAmt033812
IRS990/PYProgramServiceRevenueAmt0297792
IRS990/PYRevenuesLessExpensesAmt06728
IRS990/PYSalariesCompEmpBnftPaidAmt0227386
IRS990/PYTotalExpensesAmt0485864
IRS990/PYTotalRevenueAmt0492592
IRS990/ReconcilationRevenueExpnssAmt044272
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/ProgramServicesAmt022932
IRS990/RoyaltiesGrp/TotalAmt022932
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01013
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01013
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0217225
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0160417
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0113217
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt099580
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0130235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0720674
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0598
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01290
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0855
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03314
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0412410
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0363586
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0335315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0276843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0197283
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01585437
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0598
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0855
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03314
IRS990ScheduleA/InvestmentIncomeCYPct00.00143
IRS990ScheduleA/InvestmentIncomePYPct00.00147
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99857
IRS990ScheduleA/PublicSupportPY509Pct00.99853
IRS990ScheduleA/PublicSupportTotal509Amt02306111
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0629635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0524003
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0448532
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0376423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0327518
IRS990ScheduleA/Total509Grp/TotalAmt02306111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0630233
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0524574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0449822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0377278
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0327518
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02309425
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt024621
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013592
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038213
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024621
IRS990ScheduleD/TotalLiabilityAmt05640
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt076677
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt076677
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt054389
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01375
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01375
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Gala
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Others
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0143838
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt016794
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt067161
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt016794
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt083955
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt029566
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt024518
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0970
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt025488
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09448
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06492
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02956
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt018078
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt018078
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt024450
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Program Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt081
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed and approved by Executive Director and Finance Manager
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Distributed to the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive Director pay determined by BOD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd0false

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