Civic Intelligence

Five Points Center for the Visual Arts Inc.

990 • Fiscal year 2019 • EIN 46-1555586

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 26, 2020

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

27th percentile

0.00x

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

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

Liabilities / Revenue

28th percentile

0.00x

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

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

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

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

Top Officer Pay

56th percentile

$23,718

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

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

Asset Growth

92nd percentile

78%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

78th percentile

29%

Faster revenue growth than 78% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$525,886

Up $229,732 (+78%) from 2018

Net Assets

Up

$525,886

Up $229,732 (+78%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin92nd percentile

Revenue

Up

$426,915

Up $96,617 (+29%) from 2018

Expenses

Up

$197,183

Up $19,065 (+11%) from 2018

Net Income

Up

$229,732

Up $77,552 (+51%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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 2019: $525,886Liabilities 2019: $0Net Assets 2019: $525,8862019Assets 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

2019

Assets$525,886
Liabilities$0
Net Assets$525,886
Open 2019 Filing

Operations Trend

Revenue Growth78th 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 2019: $426,915Expenses 2019: $197,183Net Income 2019: $229,7322019Revenue 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

2019

Revenue$426,915
Expenses$197,183
Net Income$229,732
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 26, 2020
Return Version
2019v5.0
Gross Receipts
$429,648
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.

Five Points Gallery actively collaborates with commercial, governmental, 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$296,153$525,885▲ $229,732
Savings and Temporary Cash Investments$235,379$283,010▲ $47,631
Cash and Non-Interest-Bearing Accounts$59,593$174,311▲ $114,718
Land, Buildings, and Equipment, Net$338$68,558▲ $68,220
Investments in Publicly Traded Securities$844$6▼ $838
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$296,154$525,886▲ $229,732
Other Assets Total-$1-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$296,154$525,886▲ $229,732
Total Liabilities and Net Assets / Fund Balance$296,154$525,886▲ $229,732

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$68,558$2,035$70,593
Compensation and Service Providers
Top Officer Pay56th 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
Christopher WilsonDirector
Djan YagtugDirector
Eric ForstmannDirector
Power BootheDirector
Ricardo J ReyesDirector
Sally Van DorenDirector
Victor MuschellDirector
Cindy FerraraSecretary
Maura MaloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$355,972
Program Service Revenue
$67,998
Investment Income
$837
Other Revenue
$2,108
All Other Contributions
$323,765
Change in Net Assets
$229,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,605
Salaries, Compensation, and Employee Benefits$81,578
Total Fundraising Expense$150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,132--$52,132
Fees for Services Other$32,000$1,742-$33,742
Occupancy$25,255--$25,255
Current Officers, Directors, Trustees, and Key Employees$23,718--$23,718
Payroll Taxes$5,728--$5,728
All Other Expenses$3,243$2,152$150$5,545
Insurance$3,882$900-$4,782
Advertising$2,332--$2,332
Other Expenses$2,290--$2,290
Office Expenses$1,003--$1,003
Information Technology-$742-$742
Total Functional Expenses$191,497$5,536$150$197,183
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,707
Fundraising Direct Expenses$2,733
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Heist$17,908$1,968$1,968$0
Juried Show$7,788$400$400$0
Total Events$25,696$2,368$2,368-
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 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
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 Founding Executive Director and Associate Director.”

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

“All are asked to report conflicts of interest to the Executive Director or Board President.”

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
2020-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judith McElhone
Formed
2012
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
30

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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IRS990/MissionDesc0Five Points Gallery actively collaborates with commercial, governmental, cultural and educational entities to promote downtown Torrington and Northwest Connecticut as an arts destination.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0296154
IRS990/NetAssetsOrFundBalancesEOYAmt0525886
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01974
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01974
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt050
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt025255
IRS990/OccupancyGrp/TotalAmt025255
IRS990/OfficeExpensesGrp/ProgramServicesAmt01003
IRS990/OfficeExpensesGrp/TotalAmt01003
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt01
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Artist Commissions & Art Sales
IRS990/OtherExpensesGrp/Desc1Launchpa Expenses
IRS990/OtherExpensesGrp/Desc2Taxes
IRS990/OtherExpensesGrp/Desc3LP Annex Expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt025433
IRS990/OtherExpensesGrp/ProgramServicesAmt111566
IRS990/OtherExpensesGrp/ProgramServicesAmt22915
IRS990/OtherExpensesGrp/ProgramServicesAmt32290
IRS990/OtherExpensesGrp/TotalAmt025433
IRS990/OtherExpensesGrp/TotalAmt111566
IRS990/OtherExpensesGrp/TotalAmt22915
IRS990/OtherExpensesGrp/TotalAmt32290
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0134
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0134
IRS990/OtherRevenueTotalAmt0134
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt052132
IRS990/OtherSalariesAndWagesGrp/TotalAmt052132
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt05728
IRS990/PayrollTaxesGrp/TotalAmt05728
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Judith McElhone
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0712110
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0Art Sales
IRS990/ProgramServiceRevenueGrp/Desc1Rental
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt049175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118823
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt049175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118823
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/ExpenseAmt011566
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012128
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/ExpenseAmt02290
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt05495
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0283598
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01325
IRS990/PYInvestmentIncomeAmt0287
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt087762
IRS990/PYOtherRevenueAmt01795
IRS990/PYProgramServiceRevenueAmt044618
IRS990/PYRevenuesLessExpensesAmt0152180
IRS990/PYSalariesCompEmpBnftPaidAmt089031
IRS990/PYTotalExpensesAmt0178118
IRS990/PYTotalRevenueAmt0330298
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0229732
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt050375
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0296153
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0525885
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0235379
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0283010
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt044450
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt026500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt014450
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt020700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt017129
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0123229
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0149012
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt083598
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0128991
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt048957
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt040487
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0451045
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0837
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0287
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01106
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02397
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt067998
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt044618
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt031611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt065994
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt053943
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0264164
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0837
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01106
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02397
IRS990ScheduleA/InvestmentIncomeCYPct00.00330
IRS990ScheduleA/InvestmentIncomePYPct00.00240
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt01974
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt01504
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt013118
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt016596
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0134
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0291
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0826
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0507
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0456
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02214

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$525,886
Liabilities
$0
Net assets
$525,886
Revenue
$426,915
Expenses
$197,183
Net income
$229,732
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
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.43$0.20$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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