Civic Intelligence

Wake Forest Cultural Arts Association Inc.

990EZ • Fiscal year 2020 • EIN 56-1717886

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 26, 2021

Organization Profileartswakeforest.org
PO Box 528Wake Forest, NC 27588

(919) 556-0412

Siviq Scores

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

Liabilities / Assets

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Net Margin

79th percentile

35%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Asset Growth

71st percentile

33%

Faster asset growth than 71% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

-11%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$53,859

Up $13,441 (+33%) from 2019

Net Assets

Up

$53,859

Up $18,441 (+52%) from 2019

Liabilities

Down

$0

Down $5,000 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin79th percentile

Revenue

Down

$52,032

Down $6,504 (-11%) from 2019

Expenses

Down

$33,591

Down $15,328 (-31%) from 2019

Net Income

Up

$18,441

Up $8,824 (+92%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$100K$50K$0Assets 2019: $40,418Liabilities 2019: $5,000Net Assets 2019: $35,4182019Assets 2020: $53,859Liabilities 2020: $0Net Assets 2020: $53,8592020Assets 2021: $73,385Liabilities 2021: $13,200Net Assets 2021: $60,1852021Assets 2022: $69,932Liabilities 2022: $0Net Assets 2022: $69,9322022Assets 2024: $90,860Liabilities 2024: $0Net Assets 2024: $90,8602024Assets 2025: $95,153Liabilities 2025: $0Net Assets 2025: $95,1532025

Highlighted filing

2020

Assets$53,859
Liabilities$0
Net Assets$53,859
Open 2020 Filing

Operations Trend

Revenue Growth60th percentile

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

$80K$60K$40K$20K$0Revenue 2019: $58,536Expenses 2019: $48,919Net Income 2019: $9,6172019Revenue 2020: $52,032Expenses 2020: $33,591Net Income 2020: $18,4412020Revenue 2021: $22,074Expenses 2021: $15,748Net Income 2021: $6,3262021Revenue 2022: $58,596Expenses 2022: $48,849Net Income 2022: $9,7472022Revenue 2024: $60,412Expenses 2024: $46,740Net Income 2024: $13,6722024Revenue 2025: $45,881Expenses 2025: $41,588Net Income 2025: $4,2932025

Highlighted filing

2020

Revenue$52,032
Expenses$33,591
Net Income$18,441
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 26, 2021
Return Version
2019v5.1
Gross Receipts
$52,032
Mission and Program Overview

Mission

Promotion of Arts in Wake Forest, NC

Promotion of arts in Wake Forest NC

Program Services

DescriptionGrantsExpenses
Wake Forest Dance events, Wake Forest Guild of Artist events and promotion of Wake Forest artists of all varieties$29,827$28,966
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary PetretichPresidentPT$0--
Bill CokasVice President-$0--
Tony DanielRecording Secretary-$0--
Pamela StevensCorresponding Secretary-$0--
Irene BurkeTreasurer-$0--
Angela JamisonBoard Member-$0--
Tanya JohnsonBoard Member-$0--
Jeanne SteckBoard Member-$0--
Les TyroneBoard Member-$0--
Pat TylerBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Wake Forest Cultural Arts Association
EIN
56-1717886
Address
PO Box 528, Wake Forest, NC 27588

Signing Officer

Name
Mary Petretich
Title
President
Signed
2021-02-26
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountEquip Rental 905Bank Fees 214Membership Dues 210Supplies 329Insurance 583PR/Marketing 2,346Remaining Program Expenses 1,062Tech Production 1,050Scholarships 2,290Travel for visiting artists 2,645Annual Software Subscriptions 1,586”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearUnearned Foundation Income 5,000 0”

Raw XML Appendix173 raw XML fields

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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Mary Petretich
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Recording Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Corresponding Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt013220
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountEquip Rental 905Bank Fees 214Membership Dues 210Supplies 329Insurance 583PR/Marketing 2,346Remaining Program Expenses 1,062Tech Production 1,050Scholarships 2,290Travel for visiting artists 2,645Annual Software Subscriptions 1,586
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mary Petretich
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wake Forest Cultural Arts Association
ReturnHeader/Filer/BusinessNameControlTxt0WAKE
ReturnHeader/Filer/EIN0561717886
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 528
ReturnHeader/Filer/USAddress/CityNm0Wake Forest
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027588
ReturnHeader/ReturnTs02021-02-25T15:35:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,859
Liabilities
$0
Net assets
$53,859
Revenue
$52,032
Expenses
$33,591
Net income
$18,441
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$95.2$0.00$95.2$45.9$41.6$4.29
2024Detailed filing. Detailed filing data is available for this year.$90.9$0.00$90.9$60.4$46.7$13.7
2022Detailed filing. Detailed filing data is available for this year.$69.9$0.00$69.9$58.6$48.8$9.75
2021Detailed filing. Detailed filing data is available for this year.$73.4$13.2$60.2$22.1$15.7$6.33
2020Detailed filing. Detailed filing data is available for this year.$53.9$0.00$53.9$52.0$33.6$18.4
2019Detailed filing. Detailed filing data is available for this year.$40.4$5.00$35.4$58.5$48.9$9.62