Civic Intelligence

Midvale Arts Council Inc.

990EZ • Fiscal year 2017 • EIN 46-0562853

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

655 West Center StreetMidvale, UT 84047

(801) 706-6239

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

54th percentile

4.9%

Higher net margin than 54% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

58th percentile

7.2%

Faster asset growth than 58% of similar nonprofits.

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

Revenue Growth

14th percentile

-35%

Faster revenue growth than 14% of similar nonprofits.

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

Assets

Up

$84,761

Up $5,684 (+7.2%) from 2016

Net Assets

Up

$83,332

Up $4,255 (+5.4%) from 2016

Liabilities

Up

$1,429

Up $1,429 from 2016

Revenue

Down

$86,191

Down $46,459 (-35%) from 2016

Expenses

Down

$81,935

Down $66,784 (-45%) from 2016

Net Income

Up

$4,256

Up $20,325 (+126%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $78,342Liabilities 2014: $02014Assets 2015: $79,808Liabilities 2015: $0Net Assets 2015: $79,8082015Assets 2016: $79,077Liabilities 2016: $0Net Assets 2016: $79,0772016Assets 2017: $84,761Liabilities 2017: $1,429Net Assets 2017: $83,3322017Assets 2019: $164,256Liabilities 2019: $4,891Net Assets 2019: $159,3652019Assets 2020: $151,215Liabilities 2020: $3,190Net Assets 2020: $148,0252020Assets 2021: $156,531Liabilities 2021: $2,667Net Assets 2021: $153,8642021Assets 2022: $192,047Liabilities 2022: $3,096Net Assets 2022: $188,9512022Assets 2023: $211,532Liabilities 2023: $865Net Assets 2023: $210,6672023Assets 2024: $221,100Liabilities 2024: $277Net Assets 2024: $220,8232024

Highlighted filing

2017

Assets$84,761
Liabilities$1,429
Net Assets$83,332

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2014: $76,715Expenses 2014: $59,182Net Income 2014: $17,5332014Revenue 2015: $92,531Expenses 2015: $96,923Net Income 2015: -$4,3922015Revenue 2016: $132,650Expenses 2016: $148,719Net Income 2016: -$16,0692016Revenue 2017: $86,191Expenses 2017: $81,935Net Income 2017: $4,2562017Revenue 2019: $146,798Expenses 2019: $45,238Net Income 2019: $101,5602019Revenue 2020: $45,817Expenses 2020: $57,157Net Income 2020: -$11,3402020Revenue 2021: $57,617Expenses 2021: $51,778Net Income 2021: $5,8392021Revenue 2022: $88,968Expenses 2022: $53,881Net Income 2022: $35,0872022Revenue 2023: $86,746Expenses 2023: $65,030Net Income 2023: $21,7162023Revenue 2024: $85,536Expenses 2024: $75,380Net Income 2024: $10,1562024

Highlighted filing

2017

Revenue$86,191
Expenses$81,935
Net Income$4,256
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$86,191
Mission and Program Overview

Mission

The mission of midvale arts council, inc. Is to promote the arts in midvale by sponsoring quality entertainment and by providing opportunities for midvale citizens of all ages and backgrounds to enrich their lives by experiencing the positive benefits of the arts and local culture.

Program Services

DescriptionGrantsExpenses
WE STRIVE TO MAKE THE ARTS AND CULTURE AVAILABLE TO EVERY CITIZEN OF MIDVALE DESPITE THEIR SOCIOECONOMIC STATUS, WE PROVIDE CONCERTS AND THEATER PRODUCTIONS IN MIDVALE.-$50,052
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WADE WALKERBoard Chairm-$0--
BOB BEDOREBoard Member-$0--
MELANIE BEARDALLTreasurerPT$0--
PAUL HUNTCity Liason-$0--
BRYANT BROWNCity Liason-$0--
JASON WILDBoard Member-$0--
STEPHANIE JOHNSONBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Midvale Arts Council
EIN
46-0562853
Phone
8017066239
Address
655 WEST CENTER STREET, MIDVALE, UT 84047

Signing Officer

Name
Wade Walker
Title
Board Chairman
Signed
2018-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Anderson Petersen & Co
Address
1355 NORTH MAIN STREET SUITE 4, BOUNTIFUL, UT 84010
Preparer
Michael J Petersen
Phone
8012981067
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising for concerts & th 4,250 royalties 27 conferences 250 insurance 104 theater & concert expense 41,049 supplies 3,814 training & development 912 miscellaneous 1,574 licenses & fees 1,110 non-investment depreciation 6,548 total 59,638

Form 990-ez, Part II, Line 24

Accounts receivable 0 382 prepaid expenses and deferred charges 0 2,240 equipment 45,837 45,837 less accumulated depreciation 22,253 28,801 total 23,584 19,658

Form 990-ez, Part II, Line 26

Payroll liabilities 0 1,429

Form 990-ez, Part III

The mission of midvale arts council, inc. Is to promote the arts in midvale by sponsoring quality entertainment and by providing opportunities for midvale citizens of all ages and backgrounds to enrich their lives by experiencing the positive benefits of the arts and local culture.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING FOR CONCERTS & TH 4,250 ROYALTIES 27 CONFERENCES 250 INSURANCE 104 THEATER & CONCERT EXPENSE 41,049 SUPPLIES 3,814 TRAINING & DEVELOPMENT 912 MISCELLANEOUS 1,574 LICENSES & FEES 1,110 NON-INVESTMENT DEPRECIATION 6,548 TOTAL 59,638
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 382 PREPAID EXPENSES AND DEFERRED CHARGES 0 2,240 EQUIPMENT 45,837 45,837 LESS ACCUMULATED DEPRECIATION 22,253 28,801 TOTAL 23,584 19,658
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL LIABILITIES 0 1,429
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MISSION OF MIDVALE ARTS COUNCIL, INC. IS TO PROMOTE THE ARTS IN MIDVALE BY SPONSORING QUALITY ENTERTAINMENT AND BY PROVIDING OPPORTUNITIES FOR MIDVALE CITIZENS OF ALL AGES AND BACKGROUNDS TO ENRICH THEIR LIVES BY EXPERIENCING THE POSITIVE BENEFITS OF THE ARTS AND LOCAL CULTURE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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Filings