Civic Intelligence

Craven Arts Council and Gallery Inc.

990 • Fiscal year 2017 • EIN 58-1404792

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 09, 2017

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.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Net Margin

18th percentile

-17%

Higher net margin than 18% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$45,292

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Asset Growth

34th percentile

-6.6%

Faster asset growth than 34% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-18%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$424,194

Down $29,798 (-6.6%) from 2016

Net Assets

Down

$418,990

Down $29,453 (-6.6%) from 2016

Liabilities

Down

$5,204

Down $345 (-6.2%) from 2016

Revenue

Down

$176,308

Down $39,173 (-18%) from 2016

Expenses

Up

$205,762

Up $3,923 (+1.9%) from 2016

Net Income

Down

-$29,454

Down $43,096 (-316%) from 2016

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

2017

Assets$424,194
Liabilities$5,204
Net Assets$418,990

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

2017

Revenue$176,308
Expenses$205,762
Net Income-$29,454
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 9, 2017
Return Version
2016v3.0
Gross Receipts
$233,883
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$297,465$294,328▼ $3,137
Savings and Temporary Cash Investments$73,941$75,142▲ $1,201
Cash and Non-Interest-Bearing Accounts$74,386$46,524▼ $27,862
Total Assets$453,992$424,194▼ $29,798
Other Assets Total$8,200$8,200→ $0
Liabilities
Other Liabilities$5,509$5,204▼ $305
Accounts Payable and Accrued Expenses$40--
Total Liabilities$5,549$5,204▼ $345
Net Assets / Fund Balance
Unrestricted Net Assets$448,443$418,990▼ $29,453
Total Net Assets Fund Balance$448,443$418,990▼ $29,453
Total Liabilities and Net Assets / Fund Balance$453,992$424,194▼ $29,798

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$258,824$177,187$436,011
Equipment$10,063$73,205$83,268
Land$15,000-$15,000
Other Land Buildings$10,441$1,099$11,540
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol TokarskiExecutive DirectorFT$41,735$3,557$45,292

Board Members and Trustees

NameTitle
Barbara BrownPresident
Rich DanielsVice President
Blake WiggsDirector
Cille GriffithDirector
Dawn PollockDirector
Linda MacdonaldDirector
Nelson McdanielDirector
Rebecca DuncanDirector
Robert HennonDirector
Susan WardDirector
Elizabeth Alexander SpencerSecretary
Sue SteinhauserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$107,426
Program Service Revenue
$39,733
Investment Income
$-19,238
Other Revenue
$48,387
All Other Contributions
$51,500
Change in Net Assets
$-29,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$99,903
Other Expenses$86,698
Grants and Similar Amounts Paid$19,161
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$35,785$11,928-$47,713
Current Officers, Directors, Trustees, and Key Employees$31,301$10,434-$41,735
Grants to Domestic Orgs$19,161--$19,161
Depreciation Depletion$15,233--$15,233
Occupancy$11,708--$11,708
Payroll Taxes$5,173$1,725-$6,898
Insurance$5,617--$5,617
Other Employee Benefits$2,668$889-$3,557
Office Expenses$1,984$661-$2,645
Fees for Services Accounting-$2,439-$2,439
Other Expenses$245$245-$490
Conferences and Meetings-$223-$223
All Other Expenses-$12-$12
Total Functional Expenses$175,609$30,153$0$205,762
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,692
Fundraising Direct Expenses$3,341
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banner Fundraiser$15,275$15,275$3,341$11,934
Bridge Run$6,226$6,226-$6,226
Total Events$36,692$36,692$3,341$33,351
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,873
Credit Card$1,153
Deposits$730
Sales Tax$448
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 11B

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
2017-09-09
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
6
Volunteers
0

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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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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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt035785
IRS990/OtherSalariesAndWagesGrp/TotalAmt047713
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01725
IRS990/PayrollTaxesGrp/ProgramServicesAmt05173
IRS990/PayrollTaxesGrp/TotalAmt06898
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CAROL TOKARSKI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAMS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt039733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt039733
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0128421
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt013102
IRS990/PYInvestmentIncomeAmt047
IRS990/PYOtherExpensesAmt073270
IRS990/PYOtherRevenueAmt049373
IRS990/PYProgramServiceRevenueAmt037640
IRS990/PYRevenuesLessExpensesAmt013642
IRS990/PYSalariesCompEmpBnftPaidAmt0115467
IRS990/PYTotalExpensesAmt0201839
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0215481
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-29454
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02720
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt039733
IRS990/SavingsAndTempCashInvstGrp/BOYAmt073941
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075142
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0107426
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0128421
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0141265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0199804
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0139430
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0716346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0110
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0121886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0126700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0119935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt086197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0122471
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0577189
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012208
IRS990ScheduleA/InvestmentIncomeCYPct00.00930
IRS990ScheduleA/InvestmentIncomePYPct00.00620
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99070
IRS990ScheduleA/PublicSupportPY509Pct00.99380
IRS990ScheduleA/PublicSupportTotal509Amt01293535
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0229312
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0255121
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0261200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0286001
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0261901
IRS990ScheduleA/Total509Grp/TotalAmt01293535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0233883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0262533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0261275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0286041
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0262011
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01305743
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/BookValueAmt0258824
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0177187
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0436011
IRS990ScheduleD/EquipmentGrp/BookValueAmt010063
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073205
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt083268
IRS990ScheduleD/LandGrp/BookValueAmt015000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010441
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01099
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011540
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01153
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1448
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32873
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0294328
IRS990ScheduleD/TotalLiabilityAmt05204
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03341
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BANNER FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BRIDGE RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06226
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt015191
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt036692
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06226
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt015191
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt036692
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt033351
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03341
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03341
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

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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
2017Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits