Civic Intelligence

Drcfa Art Foundation

990 • Fiscal year 2017 • EIN 47-2381536

Oct 01, 2016 to Sep 30, 2017 • Filed on May 01, 2018

Organization Profilewww.drcfa.org
One Washington BoulevardDetroit, MI 48226

(313) 877-8215

Siviq Scores

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

Liabilities / Assets

75th percentile

0.07x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

97th percentile

80%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

96th percentile

259%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

144%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$405,204

Up $292,230 (+259%) from 2016

Net Assets

Up

$376,008

Up $263,034 (+233%) from 2016

Liabilities

Up

$29,196

Up $29,196 from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin97th percentile

Revenue

Up

$330,405

Up $194,933 (+144%) from 2016

Expenses

Up

$67,371

Up $44,873 (+199%) from 2016

Net Income

Up

$263,034

Up $150,060 (+133%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $112,974Liabilities 2016: $0Net Assets 2016: $112,9742016Assets 2017: $405,204Liabilities 2017: $29,196Net Assets 2017: $376,0082017Assets 2018: $728,460Liabilities 2018: $4,973Net Assets 2018: $723,4872018Assets 2019: $768,044Liabilities 2019: $0Net Assets 2019: $768,0442019Assets 2020: $903,618Liabilities 2020: $0Net Assets 2020: $903,6182020Assets 2021: $1,198,518Liabilities 2021: $26,231Net Assets 2021: $1,172,2872021Assets 2022: $1,525,631Liabilities 2022: $36,232Net Assets 2022: $1,489,3992022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2017

Assets$405,204
Liabilities$29,196
Net Assets$376,008
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

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

$600K$400K$200K$0-$200KRevenue 2016: $135,472Expenses 2016: $22,498Net Income 2016: $112,9742016Revenue 2017: $330,405Expenses 2017: $67,371Net Income 2017: $263,0342017Revenue 2018: $480,741Expenses 2018: $133,262Net Income 2018: $347,4792018Revenue 2019: $105,950Expenses 2019: $61,393Net Income 2019: $44,5572019Revenue 2020: $159,249Expenses 2020: $23,675Net Income 2020: $135,5742020Revenue 2021: $293,617Expenses 2021: $24,948Net Income 2021: $268,6692021Revenue 2022: $385,819Expenses 2022: $68,707Net Income 2022: $317,1122022Revenue 2023: $41,111Expenses 2023: $51,263Net Income 2023: -$10,1522023

Highlighted filing

2017

Revenue$330,405
Expenses$67,371
Net Income$263,034
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
May 1, 2018
Return Version
2016v3.0
Gross Receipts
$330,405
Mission and Program Overview

Mission

The mission is to care for and enhance the art collection at cobo center in detroit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,817$108,989▲ $91,172
Total Assets$112,974$405,204▲ $292,230
Other Assets Total$95,157$296,215▲ $201,058
Liabilities
Accounts Payable and Accrued Expenses-$29,196-
Total Liabilities$0$29,196▲ $29,196
Net Assets / Fund Balance
Unrestricted Net Assets$110,474$280,064▲ $169,590
Temporarily Rstr Net Assets$2,500$95,944▲ $93,444
Total Net Assets Fund Balance$112,974$376,008▲ $263,034
Total Liabilities and Net Assets / Fund Balance$112,974$405,204▲ $292,230

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$296,215--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
lisa canadachairperson
larry alexandervice chairperson
waymon guillebeauxboard member
patrick beroCEO/CFO
joseph abdoosecretary
michael carrolltreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$330,405
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$266,610
Change in Net Assets
$263,034

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
Works of Art6$133,400fair market value
Total Noncash Contributions6$133,400-

Audited Revenue Reconciliation

Revenue per Audited Statements
$330,405
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$330,405
Total Revenue per Form 990
$330,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$49,152
Other Expenses$45,517
Professional Fundraising Fees$21,854
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$21,854$21,854
Fees for Services Accounting-$13,275-$13,275
Office Expenses-$1,540-$1,540
Other Expenses-$800$27,298$800
All Other Expenses-$20-$20
Total Functional Expenses$0$18,219$49,152$67,371

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$67,371
Total Expenses per Audited Statements$67,371
Total Expenses per Form 990$67,371
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$21,854
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Section B, line 11B

“the 990 is reviewed by the art curator and the CEO/CFO.”

Form 990, Part VI, Section C, line 18

“upon request.”

Form 990, Part VI, Section C, line 19

“governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
DRCFA Art Foundation
EIN
47-2381536
Phone
3138778215
Address
One Washington Boulevard, Detroit, MI 48226

Signing Officer

Name
Patrick Bero
Title
CEO/CFO
Phone
3138778215
Signed
2018-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Canada
Formed
2014
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
12

Preparer

Firm
Doeren Mayhew
Address
305 West Big Beaver Road, Troy, MI 48084
Preparer
Patrick D Fuelling CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“the process has not changed.”

Financial Statement Notes

Part III, Line 4:

“The permanent art collection at Cobo Center includes paintings, photography and sculpture. These works are on view in public areas free of charge for all to enjoy. The collection highlights local talent and features historical and inspirational stories relating to the region. These are on display for the 1.4 million annual visitors to the convention center, which includes global and national event participants, as well as citizens of Detroit and SE Michigan. The signage for many works of art is used as a vehicle to encourage visitors to explore SE Michigan to see additional work by various artists at local museums, galleries and other art destinations. Our goal is to encourage business and exploration in the region. In addition to this, our future plan is to make the art collection available for student and special interest groups to tour for educational purposes.”

Part X, Line 2:

“The DRCFA Art Foundation (a Nonprofit Organization) is organized to be a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, therefore, has no provision for Federal income taxes. The Foundation's tax filings are subject to audit by various tax authorities. The Foundation's open audit periods are 2016 - 2017.”

Raw XML Appendix370 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The permanent art collection at Cobo Center includes paintings, photography and sculpture. These works are on view in public areas free of charge for all to enjoy. The collection highlights local talent and features historical and inspirational stories relating to the region. These are on display for the 1.4 million annual visitors to the convention center, which includes global and national event participants, as well as citizens of Detroit and SE Michigan. The signage for many works of art is used as a vehicle to encourage visitors to explore SE Michigan to see additional work by various artists at local museums, galleries and other art destinations. Our goal is to encourage business and exploration in the region. In addition to this, our future plan is to make the art collection available for student and special interest groups to tour for educational purposes.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The DRCFA Art Foundation (a Nonprofit Organization) is organized to be a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, therefore, has no provision for Federal income taxes. The Foundation's tax filings are subject to audit by various tax authorities. The Foundation's open audit periods are 2016 - 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
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IRS990ScheduleM/WorksOfArtGrp/MethodOfDeterminingRevenuesTxt0fair market value
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the 990 is reviewed by the art curator and the CEO/CFO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3the process has not changed.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02500
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt095944
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0112974
IRS990/TotalAssetsEOYAmt0405204
IRS990/TotalAssetsGrp/BOYAmt0112974
IRS990/TotalAssetsGrp/EOYAmt0405204
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0330405
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt049152
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018219
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt067371
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt029196
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt029196
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0112974
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0376008
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0330405
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0112974
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0405204
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0110474
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0280064
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0One Washington Blvd
IRS990/USAddress/CityNm0Detroit
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048226
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.drcfa.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK BERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ceo/cfo
ReturnHeader/BusinessOfficerGrp/PhoneNum03138778215
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DRCFA Art Foundation
ReturnHeader/Filer/BusinessNameControlTxt0DRCF
ReturnHeader/Filer/EIN0472381536
ReturnHeader/Filer/PhoneNum03138778215
ReturnHeader/Filer/USAddress/AddressLine1Txt0One Washington Boulevard
ReturnHeader/Filer/USAddress/CityNm0Detroit
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048226
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0023E9F8E600B40E033BA5AA07580F319B320AD87
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt040.141.134.7
ReturnHeader/FilingSecurityInformation/IPDt02018-05-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:25:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382492570
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Doeren Mayhew
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0305 West Big Beaver Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Troy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048084
ReturnHeader/PreparerPersonGrp/PhoneNum02482443000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick D Fuelling CPA
ReturnHeader/ReturnTs02018-05-08T14:27:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$405,204
Liabilities
$29,196
Net assets
$376,008
Revenue
$330,405
Expenses
$67,371
Net income
$263,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.05$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.04$1.49$0.39$0.07$0.32
2021Detailed filing. Detailed filing data is available for this year.$1.20$0.03$1.17$0.29$0.02$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.16$0.02$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.11$0.06$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.72$0.48$0.13$0.35
2017Detailed filing. Detailed filing data is available for this year.$0.41$0.03$0.38$0.33$0.07$0.26
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.14$0.02$0.11