Civic Intelligence

Craven Arts Council and Gallery Inc.

990 • Fiscal year 2018 • EIN 58-1404792

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 12, 2018

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

60th percentile

0.02x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.04x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$45,292

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Asset Growth

30th percentile

-9.4%

Faster asset growth than 30% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

-2.8%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$384,307

Down $39,887 (-9.4%) from 2017

Net Assets

Down

$377,175

Down $41,815 (-10.0%) from 2017

Liabilities

Up

$7,132

Up $1,928 (+37%) from 2017

Revenue

Down

$171,388

Down $4,920 (-2.8%) from 2017

Expenses

Up

$213,203

Up $7,441 (+3.6%) from 2017

Net Income

Down

-$41,815

Down $12,361 (-42%) from 2017

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

2018

Assets$384,307
Liabilities$7,132
Net Assets$377,175

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

2018

Revenue$171,388
Expenses$213,203
Net Income-$41,815
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 12, 2018
Return Version
2017v2.3
Gross Receipts
$209,769
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$294,328$280,769▼ $13,559
Savings and Temporary Cash Investments$75,142$75,172▲ $30
Cash and Non-Interest-Bearing Accounts$46,524$20,166▼ $26,358
Total Assets$424,194$384,307▼ $39,887
Other Assets Total$8,200$8,200→ $0
Liabilities
Other Liabilities$5,204$7,132▲ $1,928
Total Liabilities$5,204$7,132▲ $1,928
Net Assets / Fund Balance
Unrestricted Net Assets$418,990$377,175▼ $41,815
Total Net Assets Fund Balance$418,990$377,175▼ $41,815
Total Liabilities and Net Assets / Fund Balance$424,194$384,307▼ $39,887

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$249,199$186,812$436,011
Equipment$7,778$75,490$83,268
Land$15,000-$15,000
Other Land Buildings$8,792$2,748$11,540
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol TokarskiFormer Executive DirectorFT$41,735$3,557$45,292
Eileen BressExecutive DirectorFT$4,958-$4,958

Board Members and Trustees

NameTitle
Barbara BrownPresident
Rich DanielsVice President
Blake WiggsDirector
Cille GriffithDirector
Dawn PollockDirector
George OliverDirector
Jeb CollierDirector
Linda MacdonaldDirector
Monica MinusDirector
Nelson McdanielDirector
Sandy BrunoDirector
Sharon BryantDirector
Susan WardDirector
Trawick StubbsDirector
Elizabeth Alexander SpencerSecretary
Sue SteinhauserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$133,455
Program Service Revenue
$18,600
Investment Income
$29
Other Revenue
$19,304
All Other Contributions
$43,618
Change in Net Assets
$-41,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$130,603
Other Expenses$68,007
Grants and Similar Amounts Paid$14,593
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,706$9,831-$65,537
Current Officers, Directors, Trustees, and Key Employees$41,758$13,919-$55,677
Grants to Domestic Orgs$14,593--$14,593
Depreciation Depletion$13,559--$13,559
Occupancy$9,749$1,083-$10,832
Payroll Taxes$7,511$1,878-$9,389
Insurance$5,812--$5,812
Office Expenses$3,551$1,183-$4,734
Fees for Services Accounting-$2,577-$2,577
Advertising$1,053--$1,053
Conferences and Meetings$133$781-$914
Other Expenses$748$83-$831
All Other Expenses$541$60-$601
Total Functional Expenses$181,537$31,666$0$213,203
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,568
Fundraising Gross Income$3,568
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bridge Run$7,667---
Banner Fundraiser$19,742$3,568$3,568$0
Total Events$44,909$3,568$3,568$0
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$2,823
Credit Card$2,409
Deposits$1,671
Sales Tax$229
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
Eileen Bress
Title
Executive Director
Phone
2526382577
Signed
2018-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eileen Bress
Formed
1980
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
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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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTION OF THE ARTS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0418990
IRS990/NetAssetsOrFundBalancesEOYAmt0377175
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt014209
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt014209
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05095
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05095
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01083
IRS990/OccupancyGrp/ProgramServicesAmt09749
IRS990/OccupancyGrp/TotalAmt010832
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01183
IRS990/OfficeExpensesGrp/ProgramServicesAmt03551
IRS990/OfficeExpensesGrp/TotalAmt04734
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08200
IRS990/OtherAssetsTotalGrp/EOYAmt08200
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3INTERNET
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0173
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt283
IRS990/OtherExpensesGrp/ProgramServicesAmt024384
IRS990/OtherExpensesGrp/ProgramServicesAmt11553
IRS990/OtherExpensesGrp/ProgramServicesAmt2886
IRS990/OtherExpensesGrp/ProgramServicesAmt3748
IRS990/OtherExpensesGrp/TotalAmt024384
IRS990/OtherExpensesGrp/TotalAmt11726
IRS990/OtherExpensesGrp/TotalAmt2984
IRS990/OtherExpensesGrp/TotalAmt3831
IRS990/OtherLiabilitiesGrp/BOYAmt05204
IRS990/OtherLiabilitiesGrp/EOYAmt07132
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09831
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055706
IRS990/OtherSalariesAndWagesGrp/TotalAmt065537
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01878
IRS990/PayrollTaxesGrp/ProgramServicesAmt07511
IRS990/PayrollTaxesGrp/TotalAmt09389
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0EILEEN BRESS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAMS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018600
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0107426
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt019161
IRS990/PYInvestmentIncomeAmt0-19238
IRS990/PYOtherExpensesAmt086698
IRS990/PYOtherRevenueAmt048387
IRS990/PYProgramServiceRevenueAmt039733
IRS990/PYRevenuesLessExpensesAmt0-29454
IRS990/PYSalariesCompEmpBnftPaidAmt099903
IRS990/PYTotalExpensesAmt0205762
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0176308
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-41815
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05095
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018600
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075142
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075172
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt07815
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt07815
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt092114
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0107426
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0128421
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0141265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0199804
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0669030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017898
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0111826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0121886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0126700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0119935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt086197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0566544
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017898
IRS990ScheduleA/InvestmentIncomeCYPct00.01430
IRS990ScheduleA/InvestmentIncomePYPct00.00930
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97950
IRS990ScheduleA/PublicSupportPY509Pct00.99070
IRS990ScheduleA/PublicSupportTotal509Amt01227759
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt07815
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt07815
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0203940
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0229312
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0255121
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0261200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0286001
IRS990ScheduleA/Total509Grp/TotalAmt01235574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0209740
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0233883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0262533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0261275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0286041
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01253472
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0249199
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0186812
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0436011
IRS990ScheduleD/EquipmentGrp/BookValueAmt07778
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075490
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt083268
IRS990ScheduleD/LandGrp/BookValueAmt015000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08792
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02748
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011540

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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
2018Detailed filing. Detailed filing data is available for this year.$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