Civic Intelligence

Green Hill Center for North Carolina Art

990 • Fiscal year 2015 • EIN 51-0190827

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 18, 2016

200 N Davie StreetGreensboro, NC 27401

(336) 333-7460

Siviq Scores

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

Liabilities / Assets

74th percentile

0.26x

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

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

74th percentile

0.23x

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

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

83rd percentile

$73,000

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2015 filings • NTEE A • $500k-$1M nonprofits • Source year 2015

Asset Growth

9th percentile

-21%

Faster asset growth than 9% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-30%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$530,947

Down $141,689 (-21%) from 2014

Net Assets

Down

$391,213

Down $119,986 (-23%) from 2014

Liabilities

Down

$139,734

Down $21,703 (-13%) from 2014

Revenue

Down

$613,615

Down $262,105 (-30%) from 2014

Expenses

Down

$733,601

Down $49,815 (-6.4%) from 2014

Net Income

Down

-$119,986

Down $212,290 (-230%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $549,394Liabilities 2011: $121,671Net Assets 2011: $427,7232011Assets 2012: $506,166Liabilities 2012: $73,180Net Assets 2012: $432,9862012Assets 2013: $499,851Liabilities 2013: $80,956Net Assets 2013: $418,8952013Assets 2014: $672,636Liabilities 2014: $161,437Net Assets 2014: $511,1992014Assets 2015: $530,947Liabilities 2015: $139,734Net Assets 2015: $391,2132015Assets 2016: $497,247Liabilities 2016: $94,743Net Assets 2016: $402,5042016Assets 2017: $525,837Liabilities 2017: $222,469Net Assets 2017: $303,3682017Assets 2018: $506,910Liabilities 2018: $155,470Net Assets 2018: $351,4402018Assets 2019: $448,403Liabilities 2019: $168,902Net Assets 2019: $279,5012019Assets 2020: $552,156Liabilities 2020: $275,546Net Assets 2020: $276,6102020Assets 2021: $599,870Liabilities 2021: $120,539Net Assets 2021: $479,3312021Assets 2022: $614,910Liabilities 2022: $103,431Net Assets 2022: $511,4792022Assets 2023: $531,082Liabilities 2023: $61,249Net Assets 2023: $469,8332023Assets 2024: $507,306Liabilities 2024: $103,271Net Assets 2024: $404,0352024Assets 2025: $504,883Liabilities 2025: $166,476Net Assets 2025: $338,4072025

Highlighted filing

2015

Assets$530,947
Liabilities$139,734
Net Assets$391,213

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $605,167Expenses 2011: $622,344Net Income 2011: -$17,1772011Expenses 2012: $657,1082012Expenses 2013: $779,0102013Revenue 2014: $875,720Expenses 2014: $783,416Net Income 2014: $92,3042014Revenue 2015: $613,615Expenses 2015: $733,601Net Income 2015: -$119,9862015Revenue 2016: $740,247Expenses 2016: $728,956Net Income 2016: $11,2912016Revenue 2017: $726,418Expenses 2017: $825,554Net Income 2017: -$99,1362017Revenue 2018: $783,529Expenses 2018: $735,457Net Income 2018: $48,0722018Revenue 2019: $647,933Expenses 2019: $719,872Net Income 2019: -$71,9392019Revenue 2020: $535,457Expenses 2020: $632,998Net Income 2020: -$97,5412020Revenue 2021: $823,376Expenses 2021: $620,654Net Income 2021: $202,7222021Revenue 2022: $406,836Expenses 2022: $301,959Net Income 2022: $104,8772022Revenue 2023: $398,099Expenses 2023: $470,302Net Income 2023: -$72,2032023Revenue 2024: $815,351Expenses 2024: $927,369Net Income 2024: -$112,0182024Revenue 2025: $653,651Expenses 2025: $732,348Net Income 2025: -$78,6972025

Highlighted filing

2015

Revenue$613,615
Expenses$733,601
Net Income-$119,986
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 18, 2016
Return Version
2014v6.0
Gross Receipts
$631,757
Mission and Program Overview

Mission

The mission of green hill center for nc art is to promote the visual arts of north carolina by engaging a broad community of artists, adults and children through dynamic exhibitions and educational programs while providing a platform for exploration and investment in art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,221$35,842▼ $7,379
Accounts Receivable$37,081$19,752▼ $17,329
Cash and Non-Interest-Bearing Accounts$126,106$5,477▼ $120,629
Pledges and Grants Receivable$12,392$5,000▼ $7,392
Inventories for Sale or Use$2,792$2,694▼ $98
Total Assets$672,636$530,947▼ $141,689
Other Assets Total$451,044$462,182▲ $11,138
Liabilities
Other Liabilities$71,857$95,594▲ $23,737
Deferred Revenue$31,580$27,558▼ $4,022
Accounts Payable and Accrued Expenses$58,000$16,582▼ $41,418
Total Liabilities$161,437$139,734▼ $21,703
Net Assets / Fund Balance
Unrestricted Net Assets$511,199$391,213▼ $119,986
Total Net Assets Fund Balance$511,199$391,213▼ $119,986
Total Liabilities and Net Assets / Fund Balance$672,636$530,947▼ $141,689

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,723$71,608$79,331
Leasehold Improvements$25,576$25,311$50,887
Equipment$2,543$30,001$32,544
Other Assets Org$6,103--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura WayExec DirectoFT$73,000$73,000
Revenue and Support

Revenue Composition

Contributions and Grants
$417,550
Program Service Revenue
$174,343
Investment Income
$448
Other Revenue
$21,274
All Other Contributions
$358,435
Change in Net Assets
$-119,986

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$132,060Fair Market Value
Works of Art6$24,250Appraisals
Other Non Cash Contri Table2$5,000Fair Market Value
Other Non Cash Contri Table3$4,847Fair Market Value
Total Noncash Contributions12$166,157-

Audited Revenue Reconciliation

Revenue per Audited Statements
$613,615
Total Revenue per Audited Statements
$613,615
Total Revenue per Form 990
$613,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$453,581
Other Expenses$280,020
Total Fundraising Expense$80,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$209,434$60,291$47,599$317,324
Occupancy$99,608$29,791$6,882$136,281
Current Officers, Directors, Trustees, and Key Employees$48,180$13,870$10,950$73,000
Payroll Taxes$22,594$6,504$5,135$34,233
Other Employee Benefits$19,156$5,514$4,354$29,024
Office Expenses$16,804$5,028$765$22,597
Fees for Services Other$1,965$9,570$447$11,982
Advertising$7,470$2,150$1,423$11,043
All Other Expenses$4,834$767$2,059$7,660
Insurance$5,940$1,662-$7,602
Depreciation Depletion$5,393$1,613$373$7,379
Travel$5,862--$5,862
Fees for Services Accounting-$5,000-$5,000
Other Expenses$4,231$2,077$170$4,231
Interest$2,730$816$189$3,735
Conferences and Meetings$849--$849
Total Functional Expenses$505,952$146,806$80,843$733,601

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$733,601
Total Expenses per Audited Statements$733,601
Total Expenses per Form 990$733,601
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,378
Fundraising Direct Expenses$18,142
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Collectors Choi$37,100$32,378$980$31,398
Total Events$37,100$32,378$18,142$14,236
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$80,594
Note Payable - Art Auction$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 7A

Green hill has members who elect the board of directors at the annual meeting.

Form 990, Page 6, Part VI, Line 11B

The executive committee of the board of directors, along with the finance committee receive a copy of the tax form 990 for review and approval prior to submission. As allowed under the bylaws of green hill center for nc art, the executive committee has the authority to approve on behalf of the board of directors.

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

The mission of green hill center for nc art (green hill center) is to promote artists artwork with close ties to north carolina. Members of the board and staff of green hill center are often appointed or hired because of their broad interest and involvement in the arts. It is natural, therefore, that they or members of their families may often be members of governing boards or employees of organizations seeking support from green hill center. Board members and staff should not disqualify themselves or members of their families from participation in the arts, other arts organizations, or in projects supported by green hill center merely because of green hill center board membership or employment. However, board members and green hill center staff should be alert to avoid any actions that could possibly be interpreted as an abuse of board membership or an attempt to obtain personal gain, unfair advantage, either directly or indirectly (such as through an outside organization with which they or a family member are affiliated as an employee or director.) in the event that a director (or an organization with which he or she is associated) seeks to enter into a transaction with green hill center pursuant to which he or she (or an organization with which he or she is associated) will receive compensation from green hill center in exchange for the provision of goods or services, such potential transaction must be disclosed to the board of directors and approval of the board shall be required prior to green hill center entering into such transaction. Each individual green hill center director, officer, and employee is responsible for identifying persons, firms and organizations with which he or she or members of his or her family are associated or affiliated, and to assist the board and management to recognize transactions that require disclosure to the board and board approval as provided herein.

Form 990, Page 6, Part VI, Line 15A

Upon vacancies in key director level positions, the executive committee of the board of director's utilizes survey data such as review of comparable organizations' form 990 to determine if wages are comparable to like positions in the area. Based on survey data and review of applicable job descriptions, salary ranges are approved by executive committee for including in the operating budget, whereby the entire board approves as part of the yearly budget process.

Form 990, Page 6, Part VI, Line 19

These documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Green Hill Center
EIN
51-0190827
Phone
3363337460
Address
200 N DAVIE STREET, GREENSBORO, NC 27401

Signing Officer

Name
Laura Way
Title
Executive Director/CEO
Phone
3363337460
Signed
2016-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Way
Formed
1974
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
25
Volunteers
225

Preparer

Firm
Bason & Company Pa
Address
501 W MCGEE ST, GREENSBORO, NC 27401
Preparer
Rick Bason
Phone
3362735649
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of green hill center for nc art is to promote the visual arts of north carolina by engaging a broad community of artists, adults and children through dynamic exhibitions and educational programs while providing a platform for exploration and investment in art.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXEC DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
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IRS990/FormationYr01974
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IRS990/FundraisingDirectExpensesAmt018142
IRS990/FundraisingGrossIncomeAmt032378
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IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossReceiptsAmt0631757
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/InsuranceGrp/ProgramServicesAmt05940
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IRS990/InterestGrp/FundraisingAmt0189
IRS990/InterestGrp/ManagementAndGeneralAmt0816
IRS990/InterestGrp/ProgramServicesAmt02730
IRS990/InterestGrp/TotalAmt03735
IRS990/InventoriesForSaleOrUseGrp/BOYAmt02792
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02694
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IRS990/LandBldgEquipCostOrOtherBssAmt0162762
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF GREEN HILL CENTER FOR NC ART IS TO PROMOTE THE VISUAL ARTS OF NORTH CAROLINA BY ENGAGING A BROAD COMMUNITY OF ARTISTS, ADULTS AND CHILDREN THROUGH DYNAMIC EXHIBITIONS AND EDUCATIONAL PROGRAMS WHILE PROVIDING A PLATFORM FOR EXPLORATION AND INVESTMENT IN ART.
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IRS990/NetAssetsOrFundBalancesEOYAmt0391213
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IRS990/OccupancyGrp/ProgramServicesAmt099608
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IRS990/OfficeExpensesGrp/TotalAmt022597
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc2CREDIT CARD/BANK FEES
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02153
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12077
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IRS990/OtherExpensesGrp/ProgramServicesAmt17197
IRS990/OtherExpensesGrp/ProgramServicesAmt26946
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IRS990/OtherExpensesGrp/TotalAmt19847
IRS990/OtherExpensesGrp/TotalAmt29193
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4-84948
IRS990/ProgSrvcAccomActy2Grp/Desc0ARTQUEST, A PROGRAM OF GREEN HILL CENTER, IS THE EDUCATIONAL PART TO THE ORGANIZATION THAT IS CENTERED AROUND THE HANDS-ON STUDIOS OF ARTQUEST. ARTQUEST SERVES CHILDREN AND FAMILIES, SCHOOL GROUPS, ARTISTS-IN-THE- SCHOOLS, TEACHERS, ADULTS AND ACTS AS AN ARTS RESOURCE FOR THE COMMUNITY.
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IRS990/PYTotalExpensesAmt0783416
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-119986
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0417550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0391838

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.05$1.66$3.38$6.54$7.32$0.79
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$1.03$4.04$8.15$9.27$1.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$0.61$4.70$3.98$4.70$0.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.15$1.03$5.11$4.07$3.02$1.05
2021Detailed filing. Detailed filing data is available for this year.$6.00$1.21$4.79$8.23$6.21$2.03
2020Detailed filing. Detailed filing data is available for this year.$5.52$2.76$2.77$5.35$6.33$0.98
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.48$1.69$2.80$6.48$7.20$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.07$1.55$3.51$7.84$7.35$0.48
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.26$2.22$3.03$7.26$8.26$0.99
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.97$0.95$4.03$7.40$7.29$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.31$1.40$3.91$6.14$7.34$1.20
2014Detailed filing. Detailed filing data is available for this year.$6.73$1.61$5.11$8.76$7.83$0.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$0.81$4.19$7.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.06$0.73$4.33$6.57
2011Summary only. Only limited summary data is available for this year.$5.49$1.22$4.28$6.05$6.22$0.17