Civic Intelligence

Future Arts Foundation

990 • Fiscal year 2023 • EIN 47-1919609

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

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

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

37th percentile

0.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$81,296

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

94th percentile

108%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

24%

Faster revenue growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$215,596

Up $111,999 (+108%) from 2022

Net Assets

Up

$213,759

Up $112,207 (+110%) from 2022

Liabilities

Down

$1,837

Down $208 (-10%) from 2022

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin73rd percentile

Revenue

Up

$567,499

Up $109,940 (+24%) from 2022

Expenses

Down

$455,292

Down $92,563 (-17%) from 2022

Net Income

Up

$112,207

Up $202,503 (+224%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2023

Assets$215,596
Liabilities$1,837
Net Assets$213,759
Open 2023 Filing

Operations Trend

Revenue Growth68th 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

2023

Revenue$567,499
Expenses$455,292
Net Income$112,207
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.0
Gross Receipts
$567,499
Mission and Program Overview

Mission

To host concerts that support youth arts programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$103,597$215,596▲ $111,999
Rtn Earn Endowment Incm Other Fnds$101,552$213,759▲ $112,207
Total Assets$103,597$215,596▲ $111,999
Liabilities
Other Liabilities$2,045$1,837▼ $208
Total Liabilities$2,045$1,837▼ $208
Net Assets / Fund Balance
Total Net Assets Fund Balance$101,552$213,759▲ $112,207
Total Liabilities and Net Assets / Fund Balance$103,597$215,596▲ $111,999
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Travis AlbrightExecutive DiFT$81,296$81,296

Board Members and Trustees

NameTitle
Edward RidgeBoard Chair
Taylor RidgeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$108,731
Program Service Revenue
$458,768
Investment Income
$0
Other Revenue
$0
All Other Contributions
$98,631
Change in Net Assets
$112,207

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 Table100$50,000Fair Market Value
Total Noncash Contributions100$50,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,501
Salaries, Compensation, and Employee Benefits$87,609
Grants and Similar Amounts Paid$52,182
Total Fundraising Expense$48,484
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,098$27,099$27,099$81,296
Grants to Domestic Individuals$52,182--$52,182
Advertising$18,494-$18,495$36,989
Occupancy-$15,358-$15,358
Fees for Services Other$10,131--$10,131
Payroll Taxes$2,105$2,104$2,104$6,313
All Other Expenses$1,201$1,123$246$2,570
Other Expenses$2,406$2,307$540$2,307
Fees for Services Accounting-$1,217-$1,217
Fees for Services Legal-$1,000-$1,000
Total Functional Expenses$356,060$50,748$48,484$455,292
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$1,837
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
2024-05-06
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
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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/TotalRevenueGrp/TotalRevenueColumnAmt0567499
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0103597
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0215596
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0699 SUNDOWN DRIVE
IRS990/USAddress/CityNm0LAFAYETTE
IRS990/USAddress/StateAbbreviationCd0CO
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/SignatureDt02024-05-06
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/PreparationDt02024-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL BAILIFF CPA
ReturnHeader/ReturnTs02024-05-06T10:03:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TRAVIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALBRIGHT
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$215,596
Liabilities
$1,837
Net assets
$213,759
Revenue
$567,499
Expenses
$455,292
Net income
$112,207
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
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.02$2.14$5.67$4.55$1.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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