Civic Intelligence

Drcfa Art Foundation

990 • Fiscal year 2022 • EIN 47-2381536

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 13, 2023

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

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

88th percentile

$177,804

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 46.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

81st percentile

27%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

31%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,525,631

Up $327,113 (+27%) from 2021

Net Assets

Up

$1,489,399

Up $317,112 (+27%) from 2021

Liabilities

Up

$36,232

Up $10,001 (+38%) from 2021

Revenue

Up

$385,819

Up $92,202 (+31%) from 2021

Expenses

Up

$68,707

Up $43,759 (+175%) from 2021

Net Income

Up

$317,112

Up $48,443 (+18%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$1,525,631
Liabilities$36,232
Net Assets$1,489,399

Operations Trend

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

2022

Revenue$385,819
Expenses$68,707
Net Income$317,112
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 13, 2023
Return Version
2021v4.2
Gross Receipts
$385,819
Mission and Program Overview

Mission

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

The mission is to care for and enhance the art collection at huntington place in detroit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$39,226-
Cash and Non-Interest-Bearing Accounts$190,304$7,158▼ $183,146
Total Assets$1,198,518$1,525,631▲ $327,113
Other Assets Total$1,008,214$1,479,247▲ $471,033
Liabilities
Other Liabilities$25,451$36,232▲ $10,781
Accounts Payable and Accrued Expenses$780$0▼ $780
Total Liabilities$26,231$36,232▲ $10,001
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,172,287$1,489,399▲ $317,112
Total Net Assets Fund Balance$1,172,287$1,489,399▲ $317,112
Total Liabilities and Net Assets / Fund Balance$1,198,518$1,525,631▲ $327,113

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,479,247--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lisa CanadaChairperson
Jeffrey AboodVice Chairperson
Larry Alexander Ended 2022Vice Chairperson
Claude MolinariAppointee
Patrick BeroCEO/CFO
Alexis WileyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Scott HockingArt Exhibit Installation7332 OAKLAND STREET, Detroit, MI 48211$182,186
Revenue and Support

Revenue Composition

Contributions and Grants
$385,752
Program Service Revenue
$0
Investment Income
$67
Other Revenue
$0
All Other Contributions
$275,053
Change in Net Assets
$317,112

Audited Revenue Reconciliation

Revenue per Audited Statements
$385,819
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$385,819
Total Revenue per Form 990
$385,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$23,740-$23,740
Other Expenses$1,053--$1,053
Office Expenses-$876-$876
Total Functional Expenses$44,091$24,616$0$68,707

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,707
Total Expenses per Audited Statements$68,707
Total Expenses per Form 990$68,707
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
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
Drcfa Payable$36,232
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The ceo/cfo of the drcfa completes the 990 questionnaire and reviews and compares information to the completed form 990 with the support of the drcfa senior accountant.

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
2023-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Canada
Formed
2014
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

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 huntington place 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 2019 - 2022.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PERMANENT ART COLLECTION AT HUNTINGTON PLACE 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 2019 - 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01479247
IRS990ScheduleD/TotalExpensesPerForm990Amt068707
IRS990ScheduleD/TotalLiabilityAmt036232
IRS990ScheduleD/TotalRevenuePerForm990Amt0385819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0385819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt068707
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0177804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK BERO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0177804
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CEO/CFO OF THE DRCFA COMPLETES THE 990 QUESTIONNAIRE AND REVIEWS AND COMPARES INFORMATION TO THE COMPLETED FORM 990 WITH THE SUPPORT OF THE DRCFA SENIOR ACCOUNTANT.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DETROIT REGIONAL CONVENTION FACILITY AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REGIONAL CONVENTION CENTER AUTHORITY (GOVERNMENTAL UNIT)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0ONE WASHINGTON BOULEVARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DETROIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048226
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0110699
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DETROIT REGIONAL CONVENTION FACILITY AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01198518
IRS990/TotalAssetsEOYAmt01525631
IRS990/TotalAssetsGrp/BOYAmt01198518
IRS990/TotalAssetsGrp/EOYAmt01525631
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0385752
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024616
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt044091
IRS990/TotalFunctionalExpensesGrp/TotalAmt068707
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026231
IRS990/TotalLiabilitiesEOYAmt036232
IRS990/TotalLiabilitiesGrp/BOYAmt026231
IRS990/TotalLiabilitiesGrp/EOYAmt036232
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01172287
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01489399
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt044091
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt067
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0385819
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01198518
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01525631
IRS990/TotReportableCompRltdOrgAmt0177804
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE WASHINGTON BLVD
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048226
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0DRCFAARTFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK BERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum03138778215
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DRCFA ART FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DRCF
ReturnHeader/Filer/EIN0472381536
ReturnHeader/Filer/PhoneNum03138778215
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE WASHINGTON BOULEVARD

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