Civic Intelligence

Graham Gund Gallery

990 • Fiscal year 2014 • EIN 46-3140140

Jul 01, 2013 to Jun 30, 2014 • Filed on May 11, 2015

Eaton CenterSuite43022

(740) 427-5181

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

54th percentile

4.4%

Higher net margin than 54% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

100th percentile

$745,176

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 96.7% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

65th percentile

8.2%

Faster asset growth than 65% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$310,912

Up $23,480 (+8.2%) from 2013

Net Assets

Up

$309,061

Up $21,629 (+7.5%) from 2013

Liabilities

Up

$1,851

Up $1,851 from 2013

Revenue

$770,808

No earlier filing loaded for comparison.

Expenses

Up

$737,023

Up $137,034 (+23%) from 2013

Net Income

$33,785

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $287,432Liabilities 2013: $0Net Assets 2013: $287,4322013Assets 2014: $310,912Liabilities 2014: $1,851Net Assets 2014: $309,0612014Assets 2015: $1,074,116Liabilities 2015: $3,526Net Assets 2015: $1,070,5902015Assets 2016: $5,043,833Liabilities 2016: $0Net Assets 2016: $5,043,8332016Assets 2017: $5,101,470Liabilities 2017: $2,114Net Assets 2017: $5,099,3562017Assets 2018: $5,340,787Liabilities 2018: $18,138Net Assets 2018: $5,322,6492018Assets 2019: $5,330,243Liabilities 2019: $154,794Net Assets 2019: $5,175,4492019Assets 2020: $5,389,874Liabilities 2020: $157,253Net Assets 2020: $5,232,6212020Assets 2021: $8,250,705Liabilities 2021: $697,366Net Assets 2021: $7,553,3392021Assets 2022: $7,862,983Liabilities 2022: $1,584Net Assets 2022: $7,861,3992022Assets 2023: $8,636,121Liabilities 2023: $14,123Net Assets 2023: $8,621,9982023

Highlighted filing

2014

Assets$310,912
Liabilities$1,851
Net Assets$309,061

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $599,9892013Revenue 2014: $770,808Expenses 2014: $737,023Net Income 2014: $33,7852014Revenue 2015: $1,477,401Expenses 2015: $721,761Net Income 2015: $755,6402015Revenue 2016: $4,895,193Expenses 2016: $833,642Net Income 2016: $4,061,5512016Revenue 2017: $1,516,894Expenses 2017: $1,496,553Net Income 2017: $20,3412017Revenue 2018: $2,005,170Expenses 2018: $1,843,364Net Income 2018: $161,8062018Revenue 2019: $3,811,992Expenses 2019: $3,981,403Net Income 2019: -$169,4112019Revenue 2020: $6,475,164Expenses 2020: $6,428,345Net Income 2020: $46,8192020Revenue 2021: $4,357,194Expenses 2021: $2,847,295Net Income 2021: $1,509,8992021Revenue 2022: $4,896,550Expenses 2022: $3,951,768Net Income 2022: $944,7822022Revenue 2023: $1,693,304Expenses 2023: $1,276,863Net Income 2023: $416,4412023

Highlighted filing

2014

Revenue$770,808
Expenses$737,023
Net Income$33,785
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 11, 2015
Return Version
2013v4.0
Gross Receipts
$770,808
Mission and Program Overview

Mission

The gallery's vision is to be an innovative producer of challenging new knowledge about the visual. Its programs, exhibitions, and projects will:- embody liberal education by exercising critical and creative thinking applied to inter-disciplinary investigation of the visual; - relate the historical to the contemporary by linking today's issues, ideas, and innovations with earlier historical moments; - connect the global to kenyon college (and kenyon college to the global) through valuing diversity and cultural awareness; - promote an inclusive definition of art that engages a wide range of visual cultures and visualities; - create participatory multisensory experiences; and - engage the highest quality works of art through active collecting initiatives.

To be an innovative producer of challenging new knowledge about the visual.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$287,432$264,967▼ $22,465
Cash and Non-Interest-Bearing Accounts$0$38,445▲ $38,445
Pledges and Grants Receivable$0$7,500▲ $7,500
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$287,432$310,912▲ $23,480
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$1,851▲ $1,851
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$1,851▲ $1,851
Net Assets / Fund Balance
Permanently Rstr Net Assets$216,788$284,623▲ $67,835
Unrestricted Net Assets$0$20,306▲ $20,306
Temporarily Rstr Net Assets$70,644$4,132▼ $66,512
Total Net Assets Fund Balance$287,432$309,061▲ $21,629
Total Liabilities and Net Assets / Fund Balance$287,432$310,912▲ $23,480

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$216,788$38,000▲ $29,835-$284,623
2012$0$208,284▲ $8,504-$216,788
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marsh NatalieExecutive Director & PresidentFT$100,098$19,363$119,461

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$748,472
Program Service Revenue
$0
Investment Income
$22,336
Other Revenue
$0
All Other Contributions
$130,222
Change in Net Assets
$33,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$399,054
Salaries, Compensation, and Employee Benefits$337,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,043--$167,043
Current Officers, Directors, Trustees, and Key Employees$122,833$0$0$122,833
Travel$54,729$4,508-$59,237
Fees for Services Other$10,403$16,500-$26,903
Payroll Taxes$18,649--$18,649
Advertising$18,560--$18,560
Other Employee Benefits$18,504--$18,504
Office Expenses-$14,928-$14,928
Pension Plan Contributions$10,940--$10,940
Other Expenses$14,779$5,215-$5,215
Information Technology-$4,122-$4,122
Total Functional Expenses$691,750$45,273$0$737,023
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

MEMBERS OF THE ORGANIZATION - FORM 990, PART VI, LINE 6:

The sole member of the graham gund gallery is kenyon college.

MEMBER'S POWER TO ELECT TRUSTEES - FORM 990, PART VI, LINE 7A:

As the sole member, kenyon college has the power to appoint all of the board members of the graham gund gallery.

APPROVAL OF DECISIONS OF GOVERNING BODY - FORM 990, PART VI, LINE 7B:

As the sole member, kenyon college has approval rights over the decisions of the board of directors of the graham gund gallery.

FORM 990 REVIEW - FORM 990, PART VI, LINE 11B:

Form 990 is reviewed by the controller of kenyon college and certain board members of the graham gund gallery.

MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C:

The organization's conflict policy is distributed at the fall meeting of the board of trustees. Annually, officers and trustees are asked to disclose conflicts, and these disclosures are monitored. If a conflict arises, the person is not permitted to vote or participate in the discussion of the proposed transaction. People who are independent of the individual with the conflict make the decision on the transaction.

AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19:

The organization does not generally make its financial statements, governing documents, or conflict policy available to the public.

FORM 990 PROVIDED TO GOVERNING BODY - FORM 990, PART VI, LINE 11A:

The organization has distributed form 990 to the full board of trustees with the exception of donor information on schedule b. Because of schedule b's private and confidential nature, the board has delegated the authority and responsibility for reviewing that schedule to the chair of the board and the chair of the audit subcommitee of kenyon college, the sole member of the graham gund gallery. As such, we are required to answer "no" to the question on line 11a even though a copy of form 990 (with redacted donor information on schedule b) was provided to the trustees.

Filing and Contact Details

Filer

EIN
46-3140140
In Care Of
% SHIRLEY F O'BRIEN
Phone
7404275181

Signing Officer

Name
Sean M Decatur
Title
Trustee & Pres.-kenyon Coll.
Phone
7404275181
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natalie Marsh
Formed
2012
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
30

Preparer

Preparer
Christopher B Anderson
Phone
7404275181
Supplemental Narrative

Financial Statement Notes

FINANCIAL STATEMENTS FOOTNOTE REGARDING ART COLLECTION- PART III, LINE 1A:

THE FOLLOWING FOOTNOTE IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS: COLLECTIONS AND WORKS OF ART - COLLECTIONS ARE NOT CAPITALIZED UNDER THE PROVISIONS OF ASC 958-605, REVENUE ROCOGNITION - CONTRIBUTIONS RECEIVED. ALL WORKS OF ART AND COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR AND PRESERVED; AND ARE SUBJECT TO POLICIES GOVERNING THEIR USE. PRIOR TO ASC 958-605 ADOPTION, THE COLLEGE (KENYON COLLEGE, A RELATED SECTION 501(c)(3) EDUCATIONAL INSTITUTION AND SOLE MEMBER OF THE GALLERY) DID CAPITALIZE WORKS OF ART AND COLLECTIONS. AT JUNE 30, 2014 AND 2013, THE NET BOOK VALUE OF THESE ITEMS IS $1,862,696 AND IS REFLECTED IN THE EQUIPMENT SECTION OF THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION.

DESCRIPTION OF ART COLLECTION - PART III, LINE 4:

The gund gallery prioritizes modern and contemporary art for its gallery collection, which is separate from kenyon college's art collection. A collection focus on modern and contemporary art presents an opportunity for the gund gallery to assist kenyon college in uniquely positioning itself as a top-tier liberal arts college in the united states. This focus also capitalizes on the strengths of the collecting expertise of alumni, donors, and friends of kenyon college. Finally, the gallery collection focus presents opportunities for contemporary art to be commissioned or gifted by artists who may be affiliated with the programming of the gund gallery through residencies, exhibitions, visiting artist talks, and other programmatic formats.

FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2:

THE FOLLOWING EXCERPT IS FROM KENYON COLLEGE'S CONSOLIDATED FINANCIAL STATEMENTS WHICH INCLUDE THE GRAHAM GUND GALLERY: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE, THE KENYON REVIEW, THE PHILANDER CHASE CORPORATION AND THE GUND GALLERY ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS A PUBLIC CHARITY DESCRIBED IN SECTION 501(c)(3); ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THERE WERE NO UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2014. THE INCOME TAX RETURNS FOR ALL ENTITIES REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES, GENERALLY FOR THREE YEARS.

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