Civic Intelligence

Freeport Arts Center

990 • Fiscal year 2016 • EIN 51-0189249

Sep 01, 2015 to Aug 31, 2016 • Filed on Feb 01, 2017

Organization Profilewww.freeportartmuseum.com
121 N HarlemFreeport, IL 61032

(815) 235-9755

Siviq Scores

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

Liabilities / Assets

37th percentile

0.04x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.27x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

43rd percentile

$46,000

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 27.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

39th percentile

-1.2%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

-2.1%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$1,248,968

Down $15,276 (-1.2%) from 2015

Net Assets

Down

$1,203,485

Down $3,449 (-0.3%) from 2015

Liabilities

Down

$45,483

Down $11,827 (-21%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin14th percentile

Revenue

Down

$167,841

Down $3,612 (-2.1%) from 2015

Expenses

Down

$204,624

Down $5,392 (-2.6%) from 2015

Net Income

Up

-$36,783

Up $1,780 (+4.6%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2016

Assets$1,248,968
Liabilities$45,483
Net Assets$1,203,485
Open 2016 Filing

Operations Trend

Revenue Growth36th percentile

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

2016

Revenue$167,841
Expenses$204,624
Net Income-$36,783
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Feb 1, 2017
Return Version
2015v3.0
Gross Receipts
$182,441
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$830,317$818,347▼ $11,970
Land, Buildings, and Equipment, Net$428,032$421,474▼ $6,558
Cash and Non-Interest-Bearing Accounts$5,895$9,147▲ $3,252
Total Assets$1,264,244$1,248,968▼ $15,276
Liabilities
Unsecured Notes Loans Payable$50,000$40,000▼ $10,000
Accounts Payable and Accrued Expenses$7,310$5,483▼ $1,827
Total Liabilities$57,310$45,483▼ $11,827
Net Assets / Fund Balance
Unrestricted Net Assets$890,954$896,505▲ $5,551
Permanently Rstr Net Assets$315,945$306,946▼ $8,999
Temporarily Rstr Net Assets$35$34▼ $1
Total Net Assets Fund Balance$1,206,934$1,203,485▼ $3,449
Total Liabilities and Net Assets / Fund Balance$1,264,244$1,248,968▼ $15,276

Asset Categories

AssetBook ValueDepreciationBasis
Land$399,000--
Equipment$3,659$95,022-
Leasehold Improvements$18,815$267,559-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$829,166-▲ $24,565$36,480$817,251
2014$906,497$1▼ $26,365$-50,967$829,166
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
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

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

Board Members and Trustees

NameTitle
Adam SchulzPresident
Heather McphersonVice President
Ellen BartelsDirector
Judy BuusDirector
Marilyn SmitDirector
Marsha BlockDirector
Neal TrainorDirector
Pat Garrett GitzDirector
Pat Leitzen-fyeDirector
Carole DickersonSecreTARY
dEBRA DIGVONNISecretary - Resigned
Mike ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$110,273
Program Service Revenue
$23,762
Investment Income
$0
Other Revenue
$33,806
All Other Contributions
$78,793
Change in Net Assets
$-36,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$131,212
Other Expenses$68,488
Grants and Similar Amounts Paid$4,924
Total Fundraising Expense$455
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$39,283$28,000-$67,283
Current Officers, Directors, Trustees, and Key Employees$9,200$36,800-$46,000
Occupancy$25,184--$25,184
Payroll Taxes$6,220$4,494-$10,714
Other Employee Benefits-$7,215-$7,215
Depreciation Depletion$6,558--$6,558
Fees for Service Investment Mgmnt Fees-$6,378-$6,378
Grants to Domestic Orgs$4,924--$4,924
Advertising$2,364$751-$3,115
Fees for Services Accounting-$2,520-$2,520
Office Expenses-$1,724$455$2,179
Insurance-$2,169-$2,169
Fees for Services Management-$2,117-$2,117
Other Expenses$219$619-$838
Conferences and Meetings$595--$595
All Other Expenses-$360-$360
Total Functional Expenses$107,287$96,882$455$204,624
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,599
Fundraising Direct Expenses$14,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$29,875$29,875$8,997$20,878
Wine, Cheese & Chocolate$8,105$8,105$2,060$6,045
Total Events$40,599$40,599$14,000$26,599
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 12 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

“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

Filer Name
Freeport Arts Center
EIN
51-0189249
Phone
8152359755
Address
121 N HARLEM, FREEPORT, IL 61032

Signing Officer

Name
Jessica Modica
Title
Executive Director
Phone
8152359755
Signed
2017-02-01
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

Firm
Wipfli LLP
Address
4949 Harrison Avenue Suite 300, Rockford, IL 61125-0407
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 enterprise's 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 2014.”

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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt026599
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt026599
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01240
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01240
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05967
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05967
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt033334
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt025184
IRS990/OccupancyGrp/TotalAmt025184
IRS990/OfficeExpensesGrp/FundraisingAmt0455
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01724
IRS990/OfficeExpensesGrp/TotalAmt02179
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07215
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07215
IRS990/OtherExpensesGrp/Desc0EXHIBITIONS
IRS990/OtherExpensesGrp/Desc1EDUCATION AND OUTREACH
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03735
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1619
IRS990/OtherExpensesGrp/ProgramServicesAmt07274
IRS990/OtherExpensesGrp/ProgramServicesAmt15466
IRS990/OtherExpensesGrp/ProgramServicesAmt2219
IRS990/OtherExpensesGrp/TotalAmt07274
IRS990/OtherExpensesGrp/TotalAmt15466
IRS990/OtherExpensesGrp/TotalAmt23735
IRS990/OtherExpensesGrp/TotalAmt3838
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04494
IRS990/PayrollTaxesGrp/ProgramServicesAmt06220
IRS990/PayrollTaxesGrp/TotalAmt010714
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0315945
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0306946
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JESSICA MODICA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0ART EDUCATION CLASSES
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018675
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15087
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15087
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt072817
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05109
IRS990/PYInvestmentIncomeAmt038044
IRS990/PYOtherExpensesAmt070957
IRS990/PYOtherRevenueAmt042015
IRS990/PYProgramServiceRevenueAmt018577
IRS990/PYRevenuesLessExpensesAmt0-38563
IRS990/PYSalariesCompEmpBnftPaidAmt0133950
IRS990/PYTotalExpensesAmt0210016
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0171453
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-36783
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05967
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt025002
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0830317
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0818347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt065103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt072817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0134324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt087399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt084704
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0444347
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0-11291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044389
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt060906
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt061582
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05386
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0160972
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0253615
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73410
IRS990ScheduleA/PublicSupportPY170Pct00.73660
IRS990ScheduleA/PublicSupportTotal170Amt0444347
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt065103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt072817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0134324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt087399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt084704
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0444347
IRS990ScheduleA/TotalSupportAmt0605319
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/BeginningYearBalanceAmt0829166
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0817251
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt024565
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt036480
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0906497
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0829166
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-26365
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-50967
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0820075
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0906497
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0121444
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt035022
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0785886
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0820075
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt077596
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt043407
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0760196
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01275
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0785886
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059241
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt034826
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03659
IRS990ScheduleD/EquipmentGrp/DepreciationAmt095022
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt098681
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0399000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0399000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt018815
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0267559
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 enterprise's 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 1a:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0421474
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WINE, CHEESE & CHOCOLATE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08105
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt02619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt040599
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029875
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08105
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt02619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040599
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt026599
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02943
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014000
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08997
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02060
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has a total of 12 voting members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Positions are elected each year by Board members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Financial 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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,248,968
Liabilities
$45,483
Net assets
$1,203,485
Revenue
$167,841
Expenses
$204,624
Net income
-$36,783
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