Civic Intelligence

Future Arts Foundation

990 • Fiscal year 2022 • EIN 47-1919609

Jan 01, 2022 to Dec 31, 2022 • Filed on May 09, 2023

Organization ProfileWWW.FAFCOLORADO.ORG
699 Sundown DriveLafayette, CO 80026

(720) 440-4975

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

19th percentile

-20%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$50,690

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-47%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

13%

Faster revenue growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$103,597

Down $92,780 (-47%) from 2021

Net Assets

Down

$101,552

Down $90,296 (-47%) from 2021

Liabilities

Down

$2,045

Down $2,484 (-55%) from 2021

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin19th percentile

Revenue

Up

$457,559

Up $54,082 (+13%) from 2021

Expenses

Up

$547,855

Up $321,496 (+142%) from 2021

Net Income

Down

-$90,296

Down $267,414 (-151%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$300K$200K$100K$0-$100KAssets 2016: $0Liabilities 2016: $632016Assets 2018: $446Liabilities 2018: $02018Assets 2019: -$238Liabilities 2019: $02019Assets 2020: $14,127Liabilities 2020: $0Net Assets 2020: $14,1272020Assets 2021: $196,377Liabilities 2021: $4,529Net Assets 2021: $191,8482021Assets 2022: $103,597Liabilities 2022: $2,045Net Assets 2022: $101,5522022Assets 2023: $215,596Liabilities 2023: $1,837Net Assets 2023: $213,7592023Assets 2024: $64,962Liabilities 2024: $1,642Net Assets 2024: $63,3202024

Highlighted filing

2022

Assets$103,597
Liabilities$2,045
Net Assets$101,552
Open 2022 Filing

Operations Trend

Revenue Growth54th percentile

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

$600K$400K$200K$0-$200KRevenue 2016: $94,548Expenses 2016: $94,485Net Income 2016: $632016Revenue 2018: $114,058Expenses 2018: $113,611Net Income 2018: $4472018Revenue 2019: $193,128Expenses 2019: $193,366Net Income 2019: -$2382019Revenue 2020: $153,686Expenses 2020: $139,559Net Income 2020: $14,1272020Revenue 2021: $403,477Expenses 2021: $226,359Net Income 2021: $177,1182021Revenue 2022: $457,559Expenses 2022: $547,855Net Income 2022: -$90,2962022Revenue 2023: $567,499Expenses 2023: $455,292Net Income 2023: $112,2072023Revenue 2024: $417,504Expenses 2024: $567,943Net Income 2024: -$150,4392024

Highlighted filing

2022

Revenue$457,559
Expenses$547,855
Net Income-$90,296
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 9, 2023
Return Version
2022v5.0
Gross Receipts
$457,559
Mission and Program Overview

Mission

To host concerts that support youth arts programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$196,377$103,597▼ $92,780
Rtn Earn Endowment Incm Other Fnds$191,848$101,552▼ $90,296
Total Assets$196,377$103,597▼ $92,780
Liabilities
Other Liabilities$4,529$2,045▼ $2,484
Total Liabilities$4,529$2,045▼ $2,484
Net Assets / Fund Balance
Total Net Assets Fund Balance$191,848$101,552▼ $90,296
Total Liabilities and Net Assets / Fund Balance$196,377$103,597▼ $92,780
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Travis AlbrightExecutive DiFT$49,776$914$50,690

Board Members and Trustees

NameTitle
Edward RidgeVice Chair
Taylor CooperSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$227,187
Program Service Revenue
$230,372
Investment Income
$0
Other Revenue
$0
All Other Contributions
$227,187
Change in Net Assets
$-90,296

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
Other Non Cash Contri Table500$200,000Fair Market Value
Total Noncash Contributions500$200,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,050
Grants and Similar Amounts Paid$205,265
Salaries, Compensation, and Employee Benefits$54,540
Total Fundraising Expense$27,402
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$205,265--$205,265
Current Officers, Directors, Trustees, and Key Employees$16,592$16,592$16,592$49,776
Occupancy-$24,069-$24,069
Advertising$8,768-$8,768$17,536
Fees for Services Other$14,996--$14,996
All Other Expenses$2,166$1,266$454$3,886
Payroll Taxes$1,284$1,283$1,283$3,850
Insurance$2,285--$2,285
Other Expenses$812$812-$1,624
Fees for Services Accounting-$1,416-$1,416
Other Employee Benefits$304$305$305$914
Total Functional Expenses$468,120$52,333$27,402$547,855
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,045
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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, Page 6, Part VI, Line 11B

“Board of directors approves form 990 before filing”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Future Arts Foundation
EIN
47-1919609
Phone
7204404975
Address
699 SUNDOWN DRIVE, LAFAYETTE, CO 80026

Signing Officer

Name
Travis Albright
Title
Executive Director
Phone
7204404975
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Travis Albright
Formed
2014
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
20

Preparer

Firm
Boulder CPA Group
Address
1790 30TH ST STE 418, BOULDER, CO 80301
Preparer
Carol Bailiff CPA
Phone
3034493060
Raw XML Appendix334 raw XML fields

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/USAddress/ZIPCd080026
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.FAFCOLORADO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TRAVIS ALBRIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07204404975
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUTURE ARTS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FUTU
ReturnHeader/Filer/EIN0471919609
ReturnHeader/Filer/PhoneNum07204404975
ReturnHeader/Filer/USAddress/AddressLine1Txt0699 SUNDOWN DRIVE
ReturnHeader/Filer/USAddress/CityNm0LAFAYETTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080026
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0831352780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOULDER CPA GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01790 30TH ST STE 418
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOULDER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080301
ReturnHeader/PreparerPersonGrp/PhoneNum03034493060
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL BAILIFF CPA
ReturnHeader/ReturnTs02023-05-10T10:47:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TRAVIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALBRIGHT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,597
Liabilities
$2,045
Net assets
$101,552
Revenue
$457,559
Expenses
$547,855
Net income
-$90,296
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.02$0.63$4.18$5.68$1.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.02$2.14$5.67$4.55$1.12
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.02$4.58$5.48$0.90
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.05$1.92$4.03$2.26$1.77
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$1.54$1.40$0.14
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$1.93$1.93$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$1.14$1.14$0.00
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.95$0.94$0.00