Civic Intelligence

Five Points Center for the Visual Arts Inc.

990 • Fiscal year 2018 • EIN 46-1555586

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 27, 2019

Organization ProfileWWW.FIVEPOINTSGALLERY.ORG
33 Main Street PO Box 1028Torrington, CT 06790

(860) 618-7222

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

85th percentile

$23,718

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

91st percentile

106%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

93rd percentile

108%

Faster revenue growth than 93% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$296,154

Up $159,764 (+117%) from 2016

Net Assets

Up

$296,154

Up $161,129 (+119%) from 2016

Liabilities

Down

$0

Down $1,365 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin90th percentile

Revenue

Up

$330,298

Up $205,952 (+166%) from 2016

Expenses

Up

$178,118

Up $42,250 (+31%) from 2016

Net Income

Up

$152,180

Up $163,702 (+1421%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$6.0M$4.0M$2.0M$0Assets 2014: $80,582Liabilities 2014: $399Net Assets 2014: $80,1832014Assets 2015: $146,021Liabilities 2015: $399Net Assets 2015: $145,6222015Assets 2016: $136,390Liabilities 2016: $1,365Net Assets 2016: $135,0252016Assets 2018: $296,154Liabilities 2018: $0Net Assets 2018: $296,1542018Assets 2020: $1,209,368Liabilities 2020: $195,877Net Assets 2020: $1,013,4912020Assets 2021: $3,387,072Liabilities 2021: $186,126Net Assets 2021: $3,200,9462021Assets 2022: $3,209,338Liabilities 2022: $9,046Net Assets 2022: $3,200,2922022Assets 2024: $4,432,760Liabilities 2024: $50,939Net Assets 2024: $4,381,8212024

Highlighted filing

2018

Assets$296,154
Liabilities$0
Net Assets$296,154
Open 2018 Filing

Operations Trend

Revenue Growth93rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $132,196Expenses 2014: $65,014Net Income 2014: $67,1822014Revenue 2015: $193,931Expenses 2015: $127,642Net Income 2015: $66,2892015Revenue 2016: $124,346Expenses 2016: $135,868Net Income 2016: -$11,5222016Revenue 2018: $330,298Expenses 2018: $178,118Net Income 2018: $152,1802018Revenue 2020: $730,221Expenses 2020: $344,093Net Income 2020: $386,1282020Revenue 2021: $2,686,800Expenses 2021: $499,345Net Income 2021: $2,187,4552021Revenue 2022: $887,287Expenses 2022: $768,565Net Income 2022: $118,7222022Revenue 2024: $1,506,327Expenses 2024: $935,147Net Income 2024: $571,1802024

Highlighted filing

2018

Revenue$330,298
Expenses$178,118
Net Income$152,180
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 27, 2019
Return Version
2018v3.1
Gross Receipts
$330,631
Mission and Program Overview

Mission

Five Points Gallery actively collaborates with commercial, political, cultural and educational entities to promote downtown Torrington and Northwest Connecticut as an arts destination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$143,973$296,153▲ $152,180
Savings and Temporary Cash Investments$70,093$235,379▲ $165,286
Cash and Non-Interest-Bearing Accounts$72,360$59,593▼ $12,767
Investments in Publicly Traded Securities$844$844→ $0
Land, Buildings, and Equipment, Net$677$338▼ $339
Cap Stk Tr Prin Current Funds$1$1→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$143,974$296,154▲ $152,180
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$143,974$296,154▲ $152,180
Total Liabilities and Net Assets / Fund Balance$143,974$296,154▲ $152,180

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$338$2,035$2,373
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judith McElhoneExecutive DirectorFT$23,718$23,718

Board Members and Trustees

NameTitle
Deborah SeidelPresident
Edward F CookVice President
Stephen ToddVice President
Djan YagtugDirector
Eric ForstmannDirector
Peter HoweDirector
Power BootheDirector
Victor MuschellDirector
Cindy FerraraSecretary
Maura MaloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,598
Program Service Revenue
$44,618
Investment Income
$287
Other Revenue
$1,795
All Other Contributions
$274,590
Change in Net Assets
$152,180

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art1$15,000Appraisal
Other Non Cash Contri Table1$1,125Fair Market Value (FMV)
Total Noncash Contributions2$16,125-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$89,031
Other Expenses$87,762
Grants and Similar Amounts Paid$1,325
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,711--$59,711
Occupancy$25,762--$25,762
Current Officers, Directors, Trustees, and Key Employees$23,718--$23,718
Fees for Services Legal-$14,878-$14,878
Payroll Taxes$5,602--$5,602
All Other Expenses$4,315$460-$4,775
Insurance$3,475$1,104-$4,579
Advertising$3,242--$3,242
Other Expenses$1,566$1,389-$1,389
Grants to Domestic Individuals$1,325--$1,325
Fees for Services Other-$1,148-$1,148
Office Expenses$911--$911
Information Technology-$832-$832
Depreciation Depletion$339--$339
Total Functional Expenses$158,307$19,811$0$178,118
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,837
Fundraising Direct Expenses$333
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 is reviewed by the Executive Director and Board President.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Policy is reviewed at annual meeting.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Salary budget is reviewed by the executive board and the executive director regularly reviews organizational staffing needs and performance.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Salary budget is reviewed by the executive board and the executive director regularly reviews organizational staffing needs and performance.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents are available upon request, and 990 or 990-ez available through www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Five Points Center
EIN
46-1555586
Address
33 MAIN STREET PO BOX 1028, TORRINGTON, CT 06790

Signing Officer

Name
Judith McElhone
Title
Executive Director
Signed
2019-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judith McElhone
Formed
2012
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
9
Employees
3
Volunteers
38

Preparer

Firm
King King & Associates Cpas
Address
170 HOLABIRD AVE, WINSTED, CT 06098-1727
Preparer
Robert E King CPA
Phone
8603790215
Supplemental Narrative

Additional Explanations

PART XII, Line 1

“To correct reported basis of accounting to the Basis Five Points Center maintains their books on. Reported basis of Accrual in prior years was incorrect.”

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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/OtherExpensesGrp/Desc2Development Expenses
IRS990/OtherExpensesGrp/Desc3Bank & Finance Charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01389
IRS990/OtherExpensesGrp/ProgramServicesAmt018211
IRS990/OtherExpensesGrp/ProgramServicesAmt110130
IRS990/OtherExpensesGrp/ProgramServicesAmt21566
IRS990/OtherExpensesGrp/TotalAmt018211
IRS990/OtherExpensesGrp/TotalAmt110130
IRS990/OtherExpensesGrp/TotalAmt21566
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt05602
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Judith McElhone
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
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IRS990/ProgramServiceRevenueGrp/Desc1Rental
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023853
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023853
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120765
IRS990/ProgSrvcAccomActy2Grp/Desc0The Five Points University of Hartford/Hartford Art School Launchpad supports emerging artists by providing affordable shared studio spaces above Five Points Gallery. In addition to workspace, the initiative offers a mentorship program, a serious arts community, gallery management experience and a Five Points Gallery exhibition opportunity.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt014663
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013130
IRS990/ProgSrvcAccomActy3Grp/Desc0The Five Points Annex, an expansion of the Five Points, Hartford Art School / University of Hartford Launchpad program, is an affordable community pop-up gallery managed by the Launchpad artists.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03548
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt06825
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0128991
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0167
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt080162
IRS990/PYOtherRevenueAmt0-2188
IRS990/PYProgramServiceRevenueAmt031611
IRS990/PYRevenuesLessExpensesAmt07584
IRS990/PYSalariesCompEmpBnftPaidAmt070835
IRS990/PYTotalExpensesAmt0150997
IRS990/PYTotalRevenueAmt0158581
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0152180
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt024663
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0143973
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0296153
IRS990/SavingsAndTempCashInvstGrp/BOYAmt070093
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0235379
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt026500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt014450
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt020700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt017129
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt014550
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt093329
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt083598
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0128991
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt048957
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt040487
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070097
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01106
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01560
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt044618
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt031611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt065994
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt053943
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt061682
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0257848
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01106
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01560
IRS990ScheduleA/InvestmentIncomeCYPct00.00240
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt01504
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt013118
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt014622
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0291
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0826
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0507
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0456
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0417
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02497
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.82730
IRS990ScheduleA/PublicSupportTotal509Amt0536649
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt026500
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt020700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt017129
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt014550
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt093329
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$296,154
Liabilities
$0
Net assets
$296,154
Revenue
$330,298
Expenses
$178,118
Net income
$152,180
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.43$0.05$4.38$1.51$0.94$0.57
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.01$3.20$0.89$0.77$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.19$3.20$2.69$0.50$2.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.20$1.01$0.73$0.34$0.39
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.33$0.18$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.12$0.14$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.19$0.13$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.13$0.07$0.07