Civic Intelligence

The Arts Council Inc

990 • Fiscal year 2016 • EIN 58-1163155

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

PO Box 1632Gainesville, GA 30503

(770) 534-2787

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.06x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

33rd percentile

-1.9%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$85,303

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

44th percentile

0.3%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

37%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,475,947

Up $16,541 (+0.3%) from 2015

Net Assets

Up

$6,448,159

Up $3,963 (+0.1%) from 2015

Liabilities

Up

$27,788

Up $12,578 (+83%) from 2015

Revenue

Up

$469,222

Up $126,366 (+37%) from 2015

Expenses

Up

$478,288

Up $27,814 (+6.2%) from 2015

Net Income

Up

-$9,066

Up $98,552 (+92%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,056,047Liabilities 2011: $31,598Net Assets 2011: $7,024,4492011Assets 2012: $6,865,827Liabilities 2012: $8,571Net Assets 2012: $6,857,2562012Assets 2013: $6,723,381Liabilities 2013: $19,264Net Assets 2013: $6,704,1172013Assets 2014: $6,574,251Liabilities 2014: $13,050Net Assets 2014: $6,561,2012014Assets 2015: $6,459,406Liabilities 2015: $15,210Net Assets 2015: $6,444,1962015Assets 2016: $6,475,947Liabilities 2016: $27,788Net Assets 2016: $6,448,1592016Assets 2017: $6,491,828Liabilities 2017: $19,352Net Assets 2017: $6,472,4762017Assets 2018: $6,741,568Liabilities 2018: $37,418Net Assets 2018: $6,704,1502018Assets 2019: $6,871,813Liabilities 2019: $8,887Net Assets 2019: $6,862,9262019Assets 2020: $7,171,707Liabilities 2020: $213,360Net Assets 2020: $6,958,3472020Assets 2021: $7,552,137Liabilities 2021: $108,408Net Assets 2021: $7,443,7292021Assets 2022: $7,486,896Liabilities 2022: $33,479Net Assets 2022: $7,453,4172022Assets 2023: $7,329,154Liabilities 2023: $47,392Net Assets 2023: $7,281,7622023Assets 2024: $7,619,686Liabilities 2024: $190,910Net Assets 2024: $7,428,7762024

Highlighted filing

2016

Assets$6,475,947
Liabilities$27,788
Net Assets$6,448,159

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $422,4512011Revenue 2012: $256,328Expenses 2012: $443,252Net Income 2012: -$186,9242012Expenses 2013: $441,0012013Revenue 2014: $277,148Expenses 2014: $427,395Net Income 2014: -$150,2472014Revenue 2015: $342,856Expenses 2015: $450,474Net Income 2015: -$107,6182015Revenue 2016: $469,222Expenses 2016: $478,288Net Income 2016: -$9,0662016Revenue 2017: $418,420Expenses 2017: $436,193Net Income 2017: -$17,7732017Revenue 2018: $674,477Expenses 2018: $451,599Net Income 2018: $222,8782018Revenue 2019: $598,045Expenses 2019: $462,421Net Income 2019: $135,6242019Revenue 2020: $429,680Expenses 2020: $429,787Net Income 2020: -$1072020Revenue 2021: $891,039Expenses 2021: $416,115Net Income 2021: $474,9242021Revenue 2022: $1,612,013Expenses 2022: $619,436Net Income 2022: $992,5772022Revenue 2023: $672,186Expenses 2023: $913,308Net Income 2023: -$241,1222023Revenue 2024: $926,879Expenses 2024: $920,842Net Income 2024: $6,0372024

Highlighted filing

2016

Revenue$469,222
Expenses$478,288
Net Income-$9,066
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 18, 2016
Return Version
2015v2.1
Gross Receipts
$525,535
Mission and Program Overview

Mission

The mission of the arts council, inc. Is to enhance, educate, and expand public interest in the arts throughout northeast georgia.

The mission of the arts council, inc., serving northeast georgia, is to enhance, educate and expand public interest in the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,436,623$2,414,877▼ $21,746
Savings and Temporary Cash Investments$2,867,610$2,101,565▼ $766,045
Investments in Publicly Traded Securities$290,592$1,082,706▲ $792,114
Cash and Non-Interest-Bearing Accounts$127,521$136,419▲ $8,898
Prepaid Expenses and Deferred Charges$4,655$7,975▲ $3,320
Total Assets$6,459,406$6,475,947▲ $16,541
Other Assets Total$732,405$732,405→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,350$16,928▲ $9,578
Deferred Revenue$7,860$10,860▲ $3,000
Total Liabilities$15,210$27,788▲ $12,578
Net Assets / Fund Balance
Unrestricted Net Assets$4,032,521$4,060,082▲ $27,561
Temporarily Rstr Net Assets$2,154,815$2,131,217▼ $23,598
Permanently Rstr Net Assets$256,860$256,860→ $0
Total Net Assets Fund Balance$6,444,196$6,448,159▲ $3,963
Total Liabilities and Net Assets / Fund Balance$6,459,406$6,475,947▲ $16,541

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,755,729$1,008,860$2,764,589
Land$600,000-$600,000
Leasehold Improvements$49,727$512,902$562,629
Other Land Buildings$2,053$159,097$161,150
Equipment-$3,200$3,200
Other Assets Org$732,405--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$256,860---$256,860
2013$256,860---$256,860
2012$256,660$200--$256,860
2011$256,660---$256,660
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gladys WyantExecutive DiFT$80,000$5,303$85,303

Board Members and Trustees

NameTitle
John VardemanPresident
Amanda CainDirector
Carol BurrellDirector
Carol WeschlerDirector
Doug CarterDirector
Jack FrostDirector
Jake GreenDirector
Jill MansfieldDirector
Julie Ann HamiltonDirector
Lori CarterDirector
Lydia StarkeDirector
Mary StanfordDirector
Mazie OstervoldDirector
Mercer CrookDirector
Randall RobinsonDirector
Regina EdmondsonDirector
Roger DaileyDirector
William TannahillDirector
J Randall Frost2nd V.p.
Richard HuntPast Presid
Christina JonesSecretary
Warren AlmandTreasurer
Craig DowdyVice Preside
Kirk WatkinsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$272,092
Program Service Revenue
$134,346
Investment Income
$32,622
Other Revenue
$30,162
All Other Contributions
$124,254
Change in Net Assets
$-9,066

Audited Revenue Reconciliation

Revenue per Audited Statements
$469,222
Revenue Not Reported on Form 990
$13,029
Total Revenue per Audited Statements
$482,251
Total Revenue per Form 990
$469,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$323,437
Salaries, Compensation, and Employee Benefits$154,851
Total Fundraising Expense$22,206
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$59,333$15,533$5,134$80,000
Depreciation Depletion$64,789$9,639-$74,428
Occupancy$65,089$2,344$6,003$73,436
Fees for Services Other$72,980--$72,980
Other Salaries and Wages$38,702$11,298$4,774$54,774
Office Expenses$38,044$6,026$4,327$48,397
Insurance$15,067$1,432$545$17,044
Information Technology$11,260$2,978-$14,238
Advertising$12,348$475$280$13,103
Payroll Taxes$7,492$2,271$758$10,521
Other Employee Benefits-$9,556-$9,556
Fees for Services Accounting$3,000$4,270$300$7,570
Travel$396--$396
Other Expenses$75$28$85$75
Total Functional Expenses$390,165$65,917$22,206$478,288

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$478,288
Total Expenses per Audited Statements$478,288
Total Expenses per Form 990$478,288
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,956
Fundraising Gross Income$24,956
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$84,363$24,956-$24,956
Total Events$84,363$24,956$24,956-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Heather HeydetDaughter-ex DirWebsite/ MarketingNo$5,075
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
Yes
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 11B

The executive committee of the board reviews the 990 with the auditor at a special called meeting before the form is filed.

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

At the beginning of each board member's term, each member receives a manual outlining their responsibilities, signs a conflict of interest statement and attends a board orientation session to review all documents in the manual. An extra copy of the board of directors manual is on file in the arts council offices and can be accessed by the public on request. The executive director provides the board with conflict of interest forms to complete at the beginning of their term. These are updated each year or as needed during the year outlining changes in board members activities. These records are maintained in the office. Should there be a conflict of interest, the executive committee will address the conflict and work to resolve the conflict. In some cases it is simply a matter of not voting on a particular motion that involves a conflict. Should there be a conflict with the organization that cannot be resolved, the board member will be asked to resign from the board of directors.

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

The executive committee reviews the executive director and recommends compensation. The last evaluation of the executive director by the executive committee last fall compared salaries based on the national report from americans for the arts survey of similar organizations throughout the united states. Other considerations included the limited staff and added responsibilities of the executive director in addition to general administration and supervision of staff. These responsibilities include facilities management of 2 downtown locations, project manager of renovation of former church, development director, program director and other management duties required of this non-profit organization. During the current economy, there were no additional funds available to increase salaries of key management.

Form 990, Page 6, Part VI, Line 19

The art's council's financial records are open to the public. We provide our annual financial records and audit reports at our annual meeting. The monthly statements are on file in the arts council offices. The director is accessible to anyone requesting financial information including the media. Financial reports are provided to current and potential foundation donors, individuals and corporate donors. The 990 can be found on guidestar and other websites which provide non-profit financial records to the public.

Filing and Contact Details

Filer

Filer Name
The Arts Council Inc
EIN
58-1163155
Phone
7705342787
Address
PO BOX 1632, GAINESVILLE, GA 30503

Signing Officer

Name
Gladys Wyant
Title
Executive Director
Phone
7705342787
Signed
2016-11-18

Organization Details

Principal Officer
Gladys Wyant
Formed
1970
Legal Domicile
Ga
Voting Board Members
23
Independent Board Members
23
Employees
3
Volunteers
302

Preparer

Firm
WALKER PIERCE & TUCK CPA'S PC
Address
PO BOX 385, GAINESVILLE, GA 30503
Preparer
Wayne a Tuck
Phone
7705348597
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Program volunteers for the arts council pearce series, summer music fest, evenings of intimate jazz, and other performing art programs may include: serving as ushers, program distribution help at the ticket table, table coordinators for seating guests, technical volunteers who help unload props, scenery, equipment, hang lights, set up sound equipment, pick up food for receptions and intermissions for programs, clearing food and light pick up after events, emceeing for jazz, arrange flowers or centerpieces for special events like the annual meeting, decorate for holiday events, etc. Arts in schools volunteers schedule artists for their programs in their schools, coordinate fundraisers for these programs, work with pta to support program, assist artists when they arrive at school with whatever they may need for the program, directing them to each classroom, helping set up their props, for the arts in schools benefit festival, etc. Black and white ball volunteers procured auction items, staged the silent auction, manned the photo booth, manned ticket booth, monitored tables, made floral arrangements, etc. Administrative volunteers assist with large mailings, answer the phone, make copies, create invitations, send emails, create blogs, help with other social media tasks, greet people who come to our venue, develop art exhibition guides, docents, help hang art exhibits, clean before and after events, light maintenance work, etc.

Form 990, Part IX, Line 11G

Outside artistic fee 72,980 0 0

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.62$0.19$7.43$0.93$0.92$0.01
2023Detailed filing. Detailed filing data is available for this year.$7.33$0.05$7.28$0.67$0.91$0.24
2022Detailed filing. Detailed filing data is available for this year.$7.49$0.03$7.45$1.61$0.62$0.99
2021Detailed filing. Detailed filing data is available for this year.$7.55$0.11$7.44$0.89$0.42$0.47
2020Detailed filing. Detailed filing data is available for this year.$7.17$0.21$6.96$0.43$0.43$0.00
2019Detailed filing. Detailed filing data is available for this year.$6.87$0.01$6.86$0.60$0.46$0.14
2018Detailed filing. Detailed filing data is available for this year.$6.74$0.04$6.70$0.67$0.45$0.22
2017Detailed filing. Detailed filing data is available for this year.$6.49$0.02$6.47$0.42$0.44$0.02
2016Detailed filing. Detailed filing data is available for this year.$6.48$0.03$6.45$0.47$0.48$0.01
2015Detailed filing. Detailed filing data is available for this year.$6.46$0.02$6.44$0.34$0.45$0.11
2014Detailed filing. Detailed filing data is available for this year.$6.57$0.01$6.56$0.28$0.43$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$0.02$6.70$0.44
2012Summary only. Only limited summary data is available for this year.$6.87$0.01$6.86$0.26$0.44$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.06$0.03$7.02$0.42
Peer Organizations

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