Civic Intelligence

Black Arts Mke Inc.

990 • Fiscal year 2015 • EIN 47-1889202

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 23, 2016

929 North Water StreetMilwaukee, WI 53202

(414) 270-4494

Siviq Scores

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

Liabilities / Assets

75th percentile

0.08x

Higher debt load relative to assets than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

76th percentile

$3,734

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

89th percentile

84%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

28%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$315,245

Up $143,481 (+84%) from 2014

Net Assets

$290,404

No earlier filing loaded for comparison.

Liabilities

Up

$24,841

Up $11,828 (+91%) from 2014

Revenue

Up

$215,000

Up $46,670 (+28%) from 2014

Expenses

Up

$146,273

Up $136,694 (+1427%) from 2014

Net Income

Down

$68,727

Down $90,024 (-57%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $171,764Liabilities 2014: $13,0132014Assets 2015: $315,245Liabilities 2015: $24,841Net Assets 2015: $290,4042015Assets 2016: $284,699Liabilities 2016: $6,403Net Assets 2016: $278,2962016Assets 2017: $378,255Liabilities 2017: $60,840Net Assets 2017: $317,4152017Assets 2018: $318,807Liabilities 2018: $58,076Net Assets 2018: $260,7312018Assets 2019: $194,612Liabilities 2019: $5,244Net Assets 2019: $189,3682019Assets 2020: $374,038Liabilities 2020: $6,092Net Assets 2020: $367,9462020Assets 2021: $700,510Liabilities 2021: $7,290Net Assets 2021: $693,2202021Assets 2022: $872,334Liabilities 2022: $85,700Net Assets 2022: $786,6342022Assets 2023: $770,425Liabilities 2023: $97,925Net Assets 2023: $672,5002023Assets 2024: $632,968Liabilities 2024: $43,164Net Assets 2024: $589,8042024

Highlighted filing

2015

Assets$315,245
Liabilities$24,841
Net Assets$290,404

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $168,330Expenses 2014: $9,579Net Income 2014: $158,7512014Revenue 2015: $215,000Expenses 2015: $146,273Net Income 2015: $68,7272015Revenue 2016: $328,756Expenses 2016: $340,864Net Income 2016: -$12,1082016Revenue 2017: $450,249Expenses 2017: $411,130Net Income 2017: $39,1192017Revenue 2018: $457,317Expenses 2018: $514,001Net Income 2018: -$56,6842018Revenue 2019: $426,000Expenses 2019: $497,363Net Income 2019: -$71,3632019Revenue 2020: $372,865Expenses 2020: $194,287Net Income 2020: $178,5782020Revenue 2021: $695,804Expenses 2021: $370,530Net Income 2021: $325,2742021Revenue 2022: $815,509Expenses 2022: $722,095Net Income 2022: $93,4142022Revenue 2023: $841,774Expenses 2023: $955,908Net Income 2023: -$114,1342023Revenue 2024: $836,130Expenses 2024: $918,826Net Income 2024: -$82,6962024

Highlighted filing

2015

Revenue$215,000
Expenses$146,273
Net Income$68,727
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 23, 2016
Return Version
2015v2.0
Gross Receipts
$219,204
Mission and Program Overview

Mission

To increase the availability and quality of african american arts and culture.

To continue building strong, sustainable African American arts organizations in Milwaukee that preserve and promote the history and culture of the African diaspora and inspire creativity in future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,878$203,646▲ $106,768
Pledges and Grants Receivable$54,300$41,835▼ $12,465
Other Notes and Loans Receivable, Net$20,586$20,586→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$171,764$315,245▲ $143,481
Other Assets Total-$49,178-
Liabilities
Accounts Payable and Accrued Expenses$13,013$24,841▲ $11,828
Total Liabilities$13,013$24,841▲ $11,828
Net Assets / Fund Balance
Unrestricted Net Assets$154,751$248,569▲ $93,818
Temporarily Rstr Net Assets$4,000$41,835▲ $37,835
Total Net Assets Fund Balance$158,751$290,404▲ $131,653
Total Liabilities and Net Assets / Fund Balance$171,764$315,245▲ $143,481

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$49,178--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Steve ZimmermanDirector$3,734$3,734

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$162,750
Program Service Revenue
$0
Investment Income
$7,252
Other Revenue
$44,998
All Other Contributions
$150,500
Change in Net Assets
$68,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,821
Grants and Similar Amounts Paid$25,718
Total Fundraising Expense$15,577
Salaries, Compensation, and Employee Benefits$3,734
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$54,151$22,399$13,538$90,088
Grants to Domestic Orgs$25,718--$25,718
Advertising$3,549$1,479$887$5,915
Current Officers, Directors, Trustees, and Key Employees-$3,734-$3,734
Information Technology$1,759$733$440$2,932
Office Expenses$1,296$540$324$2,160
Fees for Service Investment Mgmnt Fees-$500-$500
Travel$200$84$50$334
Conferences and Meetings$194$81$49$324
Other Expenses$65$27$16$108
Insurance$57$24$14$95
Fees for Services Other$19$8$5$32
All Other Expenses$13$6$3$22
Total Functional Expenses$100,662$30,034$15,577$146,273
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ko-thi Dance CompanyMilwaukee, WI501(c)(3)Operating Grant$22,885
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,202
Fundraising Direct Expenses$4,204
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Vip Artist$61,452$49,202$4,204$44,998
Total Events$61,452$49,202$4,204$44,998
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Steve ZimmermanBoard MemberBusiness Cnslt SvcsNo$3,734

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
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
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

Board member and finance/business consultant review Form 990 with executive director.

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

Board members approve executive director's compensation.

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

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Black Arts Think Tank Inc
EIN
47-1889202
Phone
4142704494
Address
929 NORTH WATER STREET, MILWAUKEE, WI 53202

Signing Officer

Name
Barbara Wanzo
Title
Executive Director
Signed
2016-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Wanzo
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
16

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Andrew C Holman
Phone
4142711451
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Beneficial intrst - greater milw fndtn omitted in prior year = $62926

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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt049178
IRS990/OtherChangesInNetAssetsAmt062926
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1Bad Debt Expense
IRS990/OtherExpensesGrp/Desc2TAXES
IRS990/OtherExpensesGrp/Desc3EQUIP RENTAL & MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt0150
IRS990/OtherExpensesGrp/FundraisingAmt1101
IRS990/OtherExpensesGrp/FundraisingAmt216
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0250
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1169
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt227
IRS990/OtherExpensesGrp/ProgramServicesAmt012637
IRS990/OtherExpensesGrp/ProgramServicesAmt1600
IRS990/OtherExpensesGrp/ProgramServicesAmt2404
IRS990/OtherExpensesGrp/ProgramServicesAmt365
IRS990/OtherExpensesGrp/TotalAmt012637
IRS990/OtherExpensesGrp/TotalAmt11000
IRS990/OtherExpensesGrp/TotalAmt2674
IRS990/OtherExpensesGrp/TotalAmt3108
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020586
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020586
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt054300
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt041835
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0BARBARA WANZO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0100000
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt09579
IRS990/PYOtherRevenueAmt068330
IRS990/PYRevenuesLessExpensesAmt0158751
IRS990/PYTotalExpensesAmt09579
IRS990/PYTotalRevenueAmt0168330
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt068727
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0162750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0262750
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt049202
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt073895
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0123097
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0262750
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0162750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0262750
IRS990ScheduleA/TotalSupportAmt0385849
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/OtherAssetsOrgGrp/BookValueAmt049178
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial Interest - GMF
IRS990ScheduleD/TotalBookValueOtherAssetsAmt049178
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt012250
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012250
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04204
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VIP ARTIST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt061452
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061452
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt049202
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt049202
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt044998
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04204
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04204
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt022885
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATING GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KO-THI DANCE COMPANY
IRS990ScheduleI/RecipientTable/RecipientEIN0237228502
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1093
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053201
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0STEVE ZIMMERMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03734
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BUSINESS CNSLT SVCS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board member and finance/business consultant review Form 990 with executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members approve executive director's compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BENEFICIAL INTRST - GREATER MILW FNDTN OMITTED IN PRIOR YEAR = $62926
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false

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