Civic Intelligence

Freeport Arts Center

990 • Fiscal year 2014 • EIN 51-0189249

Sep 01, 2013 to Aug 31, 2014 • Filed on Dec 17, 2014

Organization ProfileWWW.FREEPORTARTMUSEUM.COM
121 N Harlem61032

(815) 235-9755

Siviq Scores

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

Liabilities / Assets

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

62nd percentile

0.20x

Higher debt load relative to revenue than 62% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

43rd percentile

$46,000

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

63rd percentile

6.2%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$1,347,274

Up $78,976 (+6.2%) from 2013

Net Assets

Up

$1,301,405

Up $90,955 (+7.5%) from 2013

Liabilities

Down

$45,869

Down $11,979 (-21%) from 2013

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin61st percentile

Revenue

$228,481

No earlier filing loaded for comparison.

Expenses

Up

$212,810

Up $3,304 (+1.6%) from 2013

Net Income

$15,671

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,226,491Liabilities 2011: $7,269Net Assets 2011: $1,219,2222011Assets 2012: $1,261,727Liabilities 2012: $59,023Net Assets 2012: $1,202,7042012Assets 2013: $1,268,298Liabilities 2013: $57,848Net Assets 2013: $1,210,4502013Assets 2014: $1,347,274Liabilities 2014: $45,869Net Assets 2014: $1,301,4052014Assets 2015: $1,264,244Liabilities 2015: $57,310Net Assets 2015: $1,206,9342015Assets 2016: $1,248,968Liabilities 2016: $45,483Net Assets 2016: $1,203,4852016Assets 2017: $1,300,619Liabilities 2017: $39,998Net Assets 2017: $1,260,6212017Assets 2018: $1,822,638Liabilities 2018: $25,399Net Assets 2018: $1,797,2392018Assets 2019: $1,873,182Liabilities 2019: $24,808Net Assets 2019: $1,848,3742019Assets 2020: $1,549,553Liabilities 2020: $48,295Net Assets 2020: $1,501,2582020Assets 2021: $1,770,629Liabilities 2021: $22,622Net Assets 2021: $1,748,0072021Assets 2022: $2,364,879Liabilities 2022: $153,952Net Assets 2022: $2,210,9272022Assets 2023: $2,523,739Liabilities 2023: $67,739Net Assets 2023: $2,456,0002023Assets 2024: $3,309,255Liabilities 2024: $0Net Assets 2024: $3,309,2552024Assets 2025: $4,072,750Liabilities 2025: $0Net Assets 2025: $4,072,7502025

Highlighted filing

2014

Assets$1,347,274
Liabilities$45,869
Net Assets$1,301,405
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $225,8872011Expenses 2012: $219,6062012Expenses 2013: $209,5062013Revenue 2014: $228,481Expenses 2014: $212,810Net Income 2014: $15,6712014Revenue 2015: $171,453Expenses 2015: $210,016Net Income 2015: -$38,5632015Revenue 2016: $167,841Expenses 2016: $204,624Net Income 2016: -$36,7832016Revenue 2017: $233,575Expenses 2017: $213,849Net Income 2017: $19,7262017Revenue 2018: $705,240Expenses 2018: $211,405Net Income 2018: $493,8352018Revenue 2019: $274,972Expenses 2019: $235,312Net Income 2019: $39,6602019Revenue 2020: $281,275Expenses 2020: $637,829Net Income 2020: -$356,5542020Revenue 2021: $343,033Expenses 2021: $220,130Net Income 2021: $122,9032021Revenue 2022: $373,733Expenses 2022: $359,625Net Income 2022: $14,1082022Revenue 2023: $619,090Expenses 2023: $366,182Net Income 2023: $252,9082023Revenue 2024: $1,082,372Expenses 2024: $353,316Net Income 2024: $729,0562024Revenue 2025: $1,065,770Expenses 2025: $360,907Net Income 2025: $704,8632025

Highlighted filing

2014

Revenue$228,481
Expenses$212,810
Net Income$15,671
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Dec 17, 2014
Return Version
2013v4.0
Gross Receipts
$246,594
Mission and Program Overview

Mission

The freeport art museum creates experiences that spark imagination and engagement in the arts for all people by presenting exhibitions and cultural events, advancing arts education, and excelling in collection stewardship.

To enhance and promote the historical and cultural education of the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$820,124$906,545▲ $86,421
Land, Buildings, and Equipment, Net$441,388$434,388▼ $7,000
Cash and Non-Interest-Bearing Accounts$6,786$6,341▼ $445
Total Assets$1,268,298$1,347,274▲ $78,976
Liabilities
Unsecured Notes Loans Payable$50,000$40,000▼ $10,000
Accounts Payable and Accrued Expenses$7,848$5,869▼ $1,979
Total Liabilities$57,848$45,869▼ $11,979
Net Assets / Fund Balance
Unrestricted Net Assets$907,583$981,996▲ $74,413
Permanently Rstr Net Assets$302,832$319,374▲ $16,542
Temporarily Rstr Net Assets$35$35→ $0
Total Net Assets Fund Balance$1,210,450$1,301,405▲ $90,955
Total Liabilities and Net Assets / Fund Balance$1,268,298$1,347,274▲ $78,976

Asset Categories

AssetBook ValueDepreciationBasis
Land$399,000--
Equipment$12,054$86,126-
Leasehold Improvements$23,334$263,040-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$820,075-▲ $121,444$35,022$906,497
2012$785,886-▲ $77,596$43,407$820,075
2011$760,196$1,275▲ $59,241$34,826$785,886
2010$724,057$36,180▲ $75,354$75,395$760,196
2009$652,419$52,049▲ $19,589-$724,057
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica ModicaExecutive DirectorFT$46,000$46,000

Board Members and Trustees

NameTitle
Vanessa ShallenbergerPast President
Adam SchulzPresident
Heather McphersonVice President
Ellen BartelsDirector
Judi BuusDirector
Marilyn SmitDirector
Pat Garrett GitzDirector
Pat Leitzen-fyeDirector
Richard LammDirector
Debra DigvonniSecretary
Mike ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$134,324
Program Service Revenue
$14,634
Investment Income
$53,519
Other Revenue
$26,004
All Other Contributions
$95,180
Change in Net Assets
$15,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$128,413
Other Expenses$79,723
Grants and Similar Amounts Paid$4,674
Total Fundraising Expense$2,168
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$39,726$28,000-$67,726
Current Officers, Directors, Trustees, and Key Employees$9,646$36,354-$46,000
Occupancy$28,319--$28,319
Payroll Taxes$6,143$8,329-$14,472
Fees for Service Investment Mgmnt Fees-$7,519-$7,519
Depreciation Depletion$7,000--$7,000
Insurance-$5,919-$5,919
Grants to Domestic Orgs$4,674--$4,674
Advertising$3,507$959-$4,466
Fees for Services Management-$1,482$1,696$3,178
Office Expenses-$2,198$472$2,670
Fees for Services Accounting-$2,445-$2,445
Other Expenses$471$2,113-$471
All Other Expenses$426--$426
Other Employee Benefits-$215-$215
Conferences and Meetings$89--$89
Total Functional Expenses$115,109$95,533$2,168$212,810
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,807
Fundraising Direct Expenses$15,838
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$25,867$25,867$13,068$12,799
Event 2$7,442$7,442$1,943$5,499
Total Events$33,807$33,807$15,838$17,969
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has a total of 11 voting members of the governing body.”

Form 990, Part VI, Section A, Line 7A

“Positions are elected each year by board members”

Form 990, Part VI, Section A, Line 7B

“Audited financial statements are reviewed and approved by the board each year.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the president and treasurer of the board of directors.”

Form 990, Part VI, Section C, Line 18

“The form 990 is available to the public as a result of a written request.”

Form 990, Part VI, Section C, Line 19

“A member of the public may request a copy of a specific policy or financials of the art center. A request for a copy of the policy will be reviewed by the executive committee and responded to according to their direction.”

Filing and Contact Details

Filer

EIN
51-0189249
Phone
8152359755

Signing Officer

Name
Jessica Modica
Title
Executive Director
Phone
8152359755
Signed
2014-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Modica
Formed
1975
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Jerry R Funk
Phone
8153997700
Supplemental Narrative

Financial Statement Notes

PART III, LINE 1A:

“Collection items acquired either through purchase or donation are not capitalized. Purchases of collection items are recorded as decreases in unrestricted net assets if purchased with unrestricted assets and as decreases in temporarily restricted or permanently restricted net assets if purchased with donor-restricted assets. Proceeds from de-accessions or insurance recoveries are reflected on the statement of activities based on the absence or existence and nature of donor-imposed restrictions.”

PART X, LINE 2:

“The organization accounts for income taxes in accordance with financial accounting standards board accounting for uncertainty in income taxes. The standard provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprises financial statements and requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The organization has determined there are no amounts to record as assets or liabilities related to uncertain tax positions. The organization believes it is no longer subject to income tax examinations for years prior to 2012.”

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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/OfficeExpensesGrp/ManagementAndGeneralAmt02198
IRS990/OfficeExpensesGrp/TotalAmt02670
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0215
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0215
IRS990/OtherExpensesGrp/Desc0EXHIBITIONS
IRS990/OtherExpensesGrp/Desc1EDUCATION AND OUTREACH
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02113
IRS990/OtherExpensesGrp/ProgramServicesAmt09097
IRS990/OtherExpensesGrp/ProgramServicesAmt16011
IRS990/OtherExpensesGrp/ProgramServicesAmt2471
IRS990/OtherExpensesGrp/TotalAmt09097
IRS990/OtherExpensesGrp/TotalAmt16011
IRS990/OtherExpensesGrp/TotalAmt22113
IRS990/OtherExpensesGrp/TotalAmt3471
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08329
IRS990/PayrollTaxesGrp/ProgramServicesAmt06143
IRS990/PayrollTaxesGrp/TotalAmt014472
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0302832
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0319374
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JESSICA MODICA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0ART EDUCATION CLASSES
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09916
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14718
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14718
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt087399
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt04668
IRS990/PYInvestmentIncomeAmt052693
IRS990/PYOtherExpensesAmt079446
IRS990/PYOtherRevenueAmt033915
IRS990/PYProgramServiceRevenueAmt016777
IRS990/PYRevenuesLessExpensesAmt0-18722
IRS990/PYSalariesCompEmpBnftPaidAmt0125392
IRS990/PYTotalExpensesAmt0209506
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0190784
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt015671
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt07387
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015282
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0820124
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0906545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0134324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt087399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt084704
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0121412
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0122045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0549884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt060906
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt061582
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05386
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06744
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt065338
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0199956
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0207998
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04498
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04498
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72900
IRS990ScheduleA/PublicSupportPY170Pct00.71860
IRS990ScheduleA/PublicSupportTotal170Amt0549884
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0134324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt087399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt084704
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0121412
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0122045
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0549884
IRS990ScheduleA/TotalSupportAmt0754338
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0820075
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0906497
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0121444
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt035022
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0785886
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0820075
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt077596
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt043407
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0760196
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01275
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0785886
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059241
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt034826
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0724057
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt036180
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0760196
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt075354
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt075395
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0652419
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt052049
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0724057
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019589
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt012054
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086126
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt098180
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0399000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0399000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023334
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0263040
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0286374
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IF PURCHASED WITH UNRESTRICTED ASSETS AND AS DECREASES IN TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED NET ASSETS IF PURCHASED WITH DONOR-RESTRICTED ASSETS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENT OF ACTIVITIES BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISES FINANCIAL STATEMENTS AND REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0434388
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015838
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025867
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07442
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033807
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025867
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07442
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0498
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt033807
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0WINE, CHEESE & CHOCOLATE
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017969
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0827
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015838
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt013068
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01943
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A TOTAL OF 11 VOTING MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POSITIONS ARE ELECTED EACH YEAR BY BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AUDITED FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS AVAILABLE TO THE PUBLIC AS A RESULT OF A WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A MEMBER OF THE PUBLIC MAY REQUEST A COPY OF A SPECIFIC POLICY OR FINANCIALS OF THE ART CENTER. A REQUEST FOR A COPY OF THE POLICY WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE AND RESPONDED TO ACCORDING TO THEIR DIRECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,347,274
Liabilities
$45,869
Net assets
$1,301,405
Revenue
$228,481
Expenses
$212,810
Net income
$15,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$1.07$0.36$0.70
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$1.08$0.35$0.73
2023Detailed filing. Detailed filing data is available for this year.$2.52$0.07$2.46$0.62$0.37$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.36$0.15$2.21$0.37$0.36$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.02$1.75$0.34$0.22$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.05$1.50$0.28$0.64$0.36
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.02$1.85$0.27$0.24$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.03$1.80$0.71$0.21$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.04$1.26$0.23$0.21$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.05$1.20$0.17$0.20$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.06$1.21$0.17$0.21$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.05$1.30$0.23$0.21$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.06$1.21$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.06$1.20$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.01$1.22$0.23