Civic Intelligence

Disart

990 • Fiscal year 2021 • EIN 47-4906773

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

CO Fusion Finl 728 Cambridge BlvdGrand Rapids, MI 49506

(616) 242-9700

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

0.05x

Higher debt load relative to revenue than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

17th percentile

-25%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$97,606

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 35.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

24th percentile

-12%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-37%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$368,929

Down $52,686 (-12%) from 2020

Net Assets

Down

$355,649

Down $55,378 (-13%) from 2020

Liabilities

Up

$13,280

Up $2,692 (+25%) from 2020

Revenue

Down

$275,415

Down $162,715 (-37%) from 2020

Expenses

Up

$344,793

Up $70,795 (+26%) from 2020

Net Income

Down

-$69,378

Down $233,510 (-142%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2016: $75,258Liabilities 2016: $0Net Assets 2016: $75,2582016Assets 2017: $63,587Liabilities 2017: $0Net Assets 2017: $63,5872017Assets 2018: $109,694Liabilities 2018: $0Net Assets 2018: $109,6942018Assets 2019: $254,107Liabilities 2019: $7,212Net Assets 2019: $246,8952019Assets 2020: $421,615Liabilities 2020: $10,588Net Assets 2020: $411,0272020Assets 2021: $368,929Liabilities 2021: $13,280Net Assets 2021: $355,6492021Assets 2022: $219,985Liabilities 2022: $8,806Net Assets 2022: $211,1792022Assets 2023: $144,078Liabilities 2023: $8,973Net Assets 2023: $135,1052023Assets 2024: $23,020Liabilities 2024: $25,626Net Assets 2024: -$2,6062024

Highlighted filing

2021

Assets$368,929
Liabilities$13,280
Net Assets$355,649

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $171,250Expenses 2016: $95,992Net Income 2016: $75,2582016Revenue 2017: $213,835Expenses 2017: $225,506Net Income 2017: -$11,6712017Revenue 2018: $292,822Expenses 2018: $246,715Net Income 2018: $46,1072018Revenue 2019: $344,054Expenses 2019: $321,348Net Income 2019: $22,7062019Revenue 2020: $438,130Expenses 2020: $273,998Net Income 2020: $164,1322020Revenue 2021: $275,415Expenses 2021: $344,793Net Income 2021: -$69,3782021Revenue 2022: $292,459Expenses 2022: $436,929Net Income 2022: -$144,4702022Revenue 2023: $378,244Expenses 2023: $490,167Net Income 2023: -$111,9232023Revenue 2024: $214,758Expenses 2024: $352,469Net Income 2024: -$137,7112024

Highlighted filing

2021

Revenue$275,415
Expenses$344,793
Net Income-$69,378
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.0
Gross Receipts
$275,645
Mission and Program Overview

Mission

Increase awareness, understanding and belonging of the Disability community through art

Increase awareness, understanding and belonging of the disability community through art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$302,865$236,489▼ $66,376
Pledges and Grants Receivable$118,750$129,107▲ $10,357
Land, Buildings, and Equipment, Net-$3,333-
Total Assets$421,615$368,929▼ $52,686
Liabilities
Accounts Payable and Accrued Expenses$10,588$13,280▲ $2,692
Total Liabilities$10,588$13,280▲ $2,692
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$292,277$226,542▼ $65,735
Net Assets With Donor Restrictions$118,750$129,107▲ $10,357
Total Net Assets Fund Balance$411,027$355,649▼ $55,378
Total Liabilities and Net Assets / Fund Balance$421,615$368,929▼ $52,686

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,333$513$3,846
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris SmitCo-exec-direFT$96,515$1,091$97,606
Jill VynCo-exec-direFT$96,515$1,091$97,606

Board Members and Trustees

NameTitle
David RosenChair
Christian GainesVice-chair
Erik LoehfelmDirector
Ian ThomasDirector
Lawrence Carter-longDirector
Mary FashikDirector
Ruth FabbyDirector
Tom Di MariaDirector
Jim PikeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$165,952
Program Service Revenue
$108,929
Investment Income
$20
Other Revenue
$514
All Other Contributions
$165,952
Change in Net Assets
$-69,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$214,456
Other Expenses$130,337
Total Fundraising Expense$38,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$97,606$78,084$19,522$195,212
Advertising--$16,683$16,683
Payroll Taxes$6,974$5,580$1,395$13,949
Fees for Services Accounting-$12,824-$12,824
Fees for Services Other-$7,486-$7,486
Other Salaries and Wages$2,648$2,118$529$5,295
Office Expenses$1,356$1,178-$2,534
Insurance-$1,691-$1,691
Other Expenses$1,060--$1,060
Fees for Services Legal-$1,000-$1,000
Travel-$965-$965
Depreciation Depletion-$513-$513
Total Functional Expenses$195,225$111,439$38,129$344,793
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

The 990 was provided electronically to the full board for review before filing.

Form 990, Page 6, Part VI, Line 12C

The organization has a conflict of interest policy in place that is signed by all board members annually. All covered individuals are required to disclose all possible financial and non-financial conflicts of interest. The board of directors review all possible conflicts of interest and determines whether an actual conflict of interest exists. Board members that have an actual conflict of interest shall not participate in the vote on the issue at hand.

Form 990, Page 6, Part VI, Line 19

The following governing documents are available for public review upon request - bylaws, charitable trust registration, and conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Disart
EIN
47-4906773
Phone
6162429700
Address
CO FUSION FINL 728 CAMBRIDGE BLVD, GRAND RAPIDS, MI 49506

Signing Officer

Name
Jim Pike
Title
Treasurer
Phone
6162429700
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Pike
Formed
2014
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
14

Preparer

Firm
Meyaard Tolman & Venlet Pc
Address
PO BOX 320, ZEELAND, MI 49464
Preparer
John P Rosendall
Phone
6167721901
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ERC REFUND 14,000

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS PROVIDED ELECTRONICALLY TO THE FULL BOARD FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY IN PLACE THAT IS SIGNED BY ALL BOARD MEMBERS ANNUALLY. ALL COVERED INDIVIDUALS ARE REQUIRED TO DISCLOSE ALL POSSIBLE FINANCIAL AND NON-FINANCIAL CONFLICTS OF INTEREST. THE BOARD OF DIRECTORS REVIEW ALL POSSIBLE CONFLICTS OF INTEREST AND DETERMINES WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. BOARD MEMBERS THAT HAVE AN ACTUAL CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE VOTE ON THE ISSUE AT HAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOLLOWING GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC REVIEW UPON REQUEST - BYLAWS, CHARITABLE TRUST REGISTRATION, AND CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ERC REFUND 14,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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