Civic Intelligence

Craven Arts Council and Gallery Inc.

990 • Fiscal year 2015 • EIN 58-1404792

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 02, 2015

PO Box 596New Bern, NC 28560

(252) 638-2577

Siviq Scores

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

Liabilities / Assets

57th percentile

0.01x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Liabilities / Revenue

65th percentile

0.03x

Higher debt load relative to revenue than 65% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$41,475

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2015 filings • NTEE A • <$500k nonprofits • Source year 2015

Asset Growth

62nd percentile

9.4%

Faster asset growth than 62% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-22%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • NTEE A • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$440,266

Up $37,763 (+9.4%) from 2014

Net Assets

Up

$434,801

Up $36,012 (+9.0%) from 2014

Liabilities

Up

$5,465

Up $1,751 (+47%) from 2014

Revenue

Down

$216,350

Down $62,247 (-22%) from 2014

Expenses

Down

$180,338

Down $14,969 (-7.7%) from 2014

Net Income

Down

$36,012

Down $47,278 (-57%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $293,902Liabilities 2011: $15,247Net Assets 2011: $278,6552011Assets 2012: $280,998Liabilities 2012: $9,860Net Assets 2012: $271,1382012Assets 2013: $321,948Liabilities 2013: $6,449Net Assets 2013: $315,4992013Assets 2014: $402,503Liabilities 2014: $3,714Net Assets 2014: $398,7892014Assets 2015: $440,266Liabilities 2015: $5,465Net Assets 2015: $434,8012015Assets 2016: $453,992Liabilities 2016: $5,549Net Assets 2016: $448,4432016Assets 2017: $424,194Liabilities 2017: $5,204Net Assets 2017: $418,9902017Assets 2018: $384,307Liabilities 2018: $7,132Net Assets 2018: $377,1752018Assets 2019: $371,556Liabilities 2019: $11,976Net Assets 2019: $359,5802019Assets 2020: $396,323Liabilities 2020: $32,714Net Assets 2020: $363,6092020Assets 2021: $580,130Liabilities 2021: $161,859Net Assets 2021: $418,2712021Assets 2022: $542,258Liabilities 2022: $139,701Net Assets 2022: $402,5572022Assets 2023: $529,043Liabilities 2023: $148,361Net Assets 2023: $380,6822023Assets 2024: $568,103Liabilities 2024: $144,738Net Assets 2024: $423,3652024

Highlighted filing

2015

Assets$440,266
Liabilities$5,465
Net Assets$434,801

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $292,333Expenses 2011: $215,423Net Income 2011: $76,9102011Revenue 2012: $198,091Expenses 2012: $205,608Net Income 2012: -$7,5172012Revenue 2013: $233,714Expenses 2013: $189,353Net Income 2013: $44,3612013Revenue 2014: $278,597Expenses 2014: $195,307Net Income 2014: $83,2902014Revenue 2015: $216,350Expenses 2015: $180,338Net Income 2015: $36,0122015Revenue 2016: $215,481Expenses 2016: $201,839Net Income 2016: $13,6422016Revenue 2017: $176,308Expenses 2017: $205,762Net Income 2017: -$29,4542017Revenue 2018: $171,388Expenses 2018: $213,203Net Income 2018: -$41,8152018Revenue 2019: $186,078Expenses 2019: $203,673Net Income 2019: -$17,5952019Revenue 2020: $228,548Expenses 2020: $224,519Net Income 2020: $4,0292020Revenue 2021: $345,445Expenses 2021: $290,783Net Income 2021: $54,6622021Revenue 2022: $227,345Expenses 2022: $243,059Net Income 2022: -$15,7142022Revenue 2023: $274,398Expenses 2023: $296,273Net Income 2023: -$21,8752023Revenue 2024: $324,945Expenses 2024: $282,262Net Income 2024: $42,6832024

Highlighted filing

2015

Revenue$216,350
Expenses$180,338
Net Income$36,012
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 2, 2015
Return Version
2014v5.0
Gross Receipts
$254,275
Mission and Program Overview

Mission

The mission of the craven arts council and gallery, inc. Is to create an environment where the arts thrive, bring joy, and enrich the cultural experience in our community.

PROMOTION OF THE ARTS

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$315,213$307,932▼ $7,281
Cash and Non-Interest-Bearing Accounts$52,364$97,337▲ $44,973
Savings and Temporary Cash Investments$26,726$26,797▲ $71
Total Assets$402,503$440,266▲ $37,763
Other Assets Total$8,200$8,200→ $0
Liabilities
Other Liabilities$3,714$5,465▲ $1,751
Total Liabilities$3,714$5,465▲ $1,751
Net Assets / Fund Balance
Unrestricted Net Assets$398,789$434,801▲ $36,012
Total Net Assets Fund Balance$398,789$434,801▲ $36,012
Total Liabilities and Net Assets / Fund Balance$402,503$440,266▲ $37,763

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$282,128$165,752$447,880
Equipment$10,804$79,514$90,318
Land$15,000-$15,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol TokarskiExecutive DirectorFT$41,475$41,475

Board Members and Trustees

NameTitle
Blake WiggsPresident
Lauren WhiteVice President
Cille GriffithDirector
Dawn PollockDirector
Marshall WilliamsDirector
Nelson McdanielDirector
Rebecca DuncanDirector
Rich DanielsDirector
Robert HennonDirector
Sandi RugerDirector
Susan WardDirector
Elizabeth Alexander SpencerSecretary
Barbara BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$141,265
Program Service Revenue
$38,310
Investment Income
$75
Other Revenue
$36,700
All Other Contributions
$89,070
Change in Net Assets
$36,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,168
Other Expenses$64,845
Grants and Similar Amounts Paid$13,325
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,657$11,553-$46,210
Current Officers, Directors, Trustees, and Key Employees$31,106$10,369-$41,475
Depreciation Depletion$13,919--$13,919
Grants to Domestic Orgs$13,000--$13,000
Occupancy$8,750--$8,750
Other Employee Benefits$5,910$1,436-$7,346
Payroll Taxes$5,353$1,784-$7,137
Insurance$5,262--$5,262
Office Expenses$2,011$670-$2,681
Fees for Services Accounting-$2,058-$2,058
Other Expenses$226$226-$452
All Other Expenses$67$308-$375
Travel-$357-$357
Grants to Domestic Individuals$325--$325
Advertising$173--$173
Total Functional Expenses$150,086$30,252$0$180,338
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,008
Fundraising Direct Expenses$10,100
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banner Fundraiser$17,078$17,078$6,060$11,018
Bridge Run$5,837$5,837$1,010$4,827
Total Events$34,008$34,008$10,100$23,908
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$3,516
Credit Card$1,286
Sales Tax$537
Payroll Liabilities$126
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section B, Line 11

The executive director, board president, and board treasurer review and approve the form 990 before filing. The 990 is shared with the full board during the financial statement presentation.

Form 990, Part VI, Section B, Line 12C

Board members review the conflict policy annually and are aware of the policy and the need to disclose conflicts.

Form 990, Part VI, Section B, Line 15A

The board reviews and approves all compensation matters.

Form 990, Part VI, Section C, Line 19

The organizations governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Craven Arts Council & Gallery Inc
EIN
58-1404792
Phone
2526382577
Address
PO BOX 596, NEW BERN, NC 28560

Signing Officer

Name
Carol Tokarski
Title
Executive Director
Phone
2526382577
Signed
2015-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Tokarski
Formed
1980
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
75

Preparer

Firm
Carr Riggs & Ingram LLC
Address
PO BOX 1547, NEW BERN, NC 28563
Preparer
William O Austin CPA
Phone
2526335821
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IRS990/OtherLiabilitiesGrp/BOYAmt03714
IRS990/OtherLiabilitiesGrp/EOYAmt05465
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011553
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt034657
IRS990/OtherSalariesAndWagesGrp/TotalAmt046210
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01784
IRS990/PayrollTaxesGrp/ProgramServicesAmt05353
IRS990/PayrollTaxesGrp/TotalAmt07137
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CAROL TOKARSKI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAMS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038310
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0199804
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt012295
IRS990/PYInvestmentIncomeAmt040
IRS990/PYOtherExpensesAmt086061
IRS990/PYOtherRevenueAmt015727
IRS990/PYProgramServiceRevenueAmt063026
IRS990/PYRevenuesLessExpensesAmt083290
IRS990/PYSalariesCompEmpBnftPaidAmt096951
IRS990/PYTotalExpensesAmt0195307
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0278597
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt036012
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt051102
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026726
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026797
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0141265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0199804
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0139430
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt080552
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0166834
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0727885
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0459
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0435
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01119
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0119935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt086197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0122471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0144421
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0148242
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0621266
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0459
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0435
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01119
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99890
IRS990ScheduleA/PublicSupportTotal509Amt01349151
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0261200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0286001
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0261901
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0224973
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0315076
IRS990ScheduleA/Total509Grp/TotalAmt01349151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0261275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0286041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0262011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0225432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0315511
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01350270
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/BuildingsGrp/BookValueAmt0282128
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0165752
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0447880
IRS990ScheduleD/EquipmentGrp/BookValueAmt010804
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079514
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt090318
IRS990ScheduleD/LandGrp/BookValueAmt015000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23516
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0307932
IRS990ScheduleD/TotalLiabilityAmt05465
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010100
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BANNER FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BRIDGE RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017078
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05837
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt011093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt034008
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017078
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05837
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt011093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034008
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023908
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt03030
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010100
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06060
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01010
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$1.45$4.23$3.25$2.82$0.43
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$1.48$3.81$2.74$2.96$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$1.40$4.03$2.27$2.43$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$1.62$4.18$3.45$2.91$0.55
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.33$3.64$2.29$2.25$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.72$0.12$3.60$1.86$2.04$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$0.07$3.77$1.71$2.13$0.42
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.05$4.19$1.76$2.06$0.29
2016Detailed filing. Detailed filing data is available for this year.$4.54$0.06$4.48$2.15$2.02$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.40$0.05$4.35$2.16$1.80$0.36
2014Detailed filing. Detailed filing data is available for this year.$4.03$0.04$3.99$2.79$1.95$0.83
2013Summary only. Only limited summary data is available for this year.$3.22$0.06$3.15$2.34$1.89$0.44
2012Summary only. Only limited summary data is available for this year.$2.81$0.10$2.71$1.98$2.06$0.08
2011Summary only. Only limited summary data is available for this year.$2.94$0.15$2.79$2.92$2.15$0.77