Civic Intelligence

Craven Arts Council and Gallery Inc.

990 • Fiscal year 2019 • EIN 58-1404792

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 28, 2019

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

64th percentile

0.03x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.06x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Net Margin

24th percentile

-9.5%

Higher net margin than 24% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Top Officer Pay

94th percentile

$47,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2019 filings • NTEE A • <$500k nonprofits • Source year 2019

Asset Growth

37th percentile

-3.3%

Faster asset growth than 37% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

8.6%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • NTEE A • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$371,556

Down $12,751 (-3.3%) from 2018

Net Assets

Down

$359,580

Down $17,595 (-4.7%) from 2018

Liabilities

Up

$11,976

Up $4,844 (+68%) from 2018

Revenue

Up

$186,078

Up $14,690 (+8.6%) from 2018

Expenses

Down

$203,673

Down $9,530 (-4.5%) from 2018

Net Income

Up

-$17,595

Up $24,220 (+58%) from 2018

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

2019

Assets$371,556
Liabilities$11,976
Net Assets$359,580

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

2019

Revenue$186,078
Expenses$203,673
Net Income-$17,595
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$219,537
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$280,769$267,392▼ $13,377
Savings and Temporary Cash Investments$75,172$74,816▼ $356
Cash and Non-Interest-Bearing Accounts$20,166$21,148▲ $982
Total Assets$384,307$371,556▼ $12,751
Other Assets Total$8,200$8,200→ $0
Liabilities
Other Liabilities$7,132$11,976▲ $4,844
Total Liabilities$7,132$11,976▲ $4,844
Net Assets / Fund Balance
Unrestricted Net Assets$377,175$359,580▼ $17,595
Total Net Assets Fund Balance$377,175$359,580▼ $17,595
Total Liabilities and Net Assets / Fund Balance$384,307$371,556▼ $12,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$239,524$196,487$436,011
Equipment$5,725$77,543$83,268
Land$15,000-$15,000
Other Land Buildings$7,143$4,397$11,540
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eileen BressExecutive DirectorFT$47,000$47,000

Board Members and Trustees

NameTitle
Barbara BrownPresident
Rich DanielsVice President
Cille GriffithDirector
Dawn PollockDirector
George OliverDirector
Leigh-ann SullivanDirector
Linda MacdonaldDirector
Marie PhillipsDirector
Nelson McdanielDirector
Sandy BrunoDirector
Sharon BryantDirector
Sue SteinhauserDirector
Susan WardDirector
Trawick StubbsDirector
Jeb CollierSecretary
Monica MinusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,283
Program Service Revenue
$33,060
Investment Income
$570
Other Revenue
$16,165
All Other Contributions
$43,727
Change in Net Assets
$-17,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$115,528
Other Expenses$71,137
Grants and Similar Amounts Paid$17,008
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$51,240$9,042-$60,282
Current Officers, Directors, Trustees, and Key Employees$35,250$11,750-$47,000
Grants to Domestic Orgs$17,008--$17,008
Depreciation Depletion$13,377--$13,377
Occupancy$8,296$922-$9,218
Payroll Taxes$6,597$1,649-$8,246
Insurance$7,242--$7,242
Office Expenses$3,527$1,176-$4,703
Fees for Services Accounting-$2,917-$2,917
Advertising$1,232--$1,232
Other Expenses$191$172-$363
All Other Expenses$157$17-$174
Total Functional Expenses$175,687$27,986$0$203,673
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,584
Fundraising Gross Income$1,584
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Empty Bowls$25,000---
Banner Fundraiser$10,878$1,584$1,584$0
Total Events$35,878$1,584$1,584$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
Deposits$9,358
Payroll Liabilities$1,620
Credit Card$729
Sales Tax$269
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
2019-10-28
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
4
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/OccupancyGrp/ProgramServicesAmt08296
IRS990/OccupancyGrp/TotalAmt09218
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01176
IRS990/OfficeExpensesGrp/ProgramServicesAmt03527
IRS990/OfficeExpensesGrp/TotalAmt04703
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/Desc3TRAINING AND DEVELOPMEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0196
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2172
IRS990/OtherExpensesGrp/ProgramServicesAmt028496
IRS990/OtherExpensesGrp/ProgramServicesAmt11766
IRS990/OtherExpensesGrp/ProgramServicesAmt21308
IRS990/OtherExpensesGrp/ProgramServicesAmt3191
IRS990/OtherExpensesGrp/TotalAmt028496
IRS990/OtherExpensesGrp/TotalAmt11962
IRS990/OtherExpensesGrp/TotalAmt21453
IRS990/OtherExpensesGrp/TotalAmt3363
IRS990/OtherLiabilitiesGrp/BOYAmt07132
IRS990/OtherLiabilitiesGrp/EOYAmt011976
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09042
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt051240
IRS990/OtherSalariesAndWagesGrp/TotalAmt060282
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01649
IRS990/PayrollTaxesGrp/ProgramServicesAmt06597
IRS990/PayrollTaxesGrp/TotalAmt08246
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0EILEEN BRESS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt033060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt033060
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0133455
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt014593
IRS990/PYInvestmentIncomeAmt029
IRS990/PYOtherExpensesAmt068007
IRS990/PYOtherRevenueAmt019304
IRS990/PYProgramServiceRevenueAmt018600
IRS990/PYRevenuesLessExpensesAmt0-41815
IRS990/PYSalariesCompEmpBnftPaidAmt0130603
IRS990/PYTotalExpensesAmt0213203
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0171388
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17595
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt04530
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt033060
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075172
IRS990/SavingsAndTempCashInvstGrp/EOYAmt074816
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt05592
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt07815
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt013407
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0101989
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt092114
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0107426
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0128421
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0141265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0571215
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05800
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt022993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0111843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0111826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0121886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0126700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0119935
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0592190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05800
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt022993
IRS990ScheduleA/InvestmentIncomeCYPct00.01940
IRS990ScheduleA/InvestmentIncomePYPct00.01430
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96930
IRS990ScheduleA/PublicSupportPY509Pct00.97950
IRS990ScheduleA/PublicSupportTotal509Amt01149998
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt05592
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt07815
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt013407
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0213832
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0203940
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0229312
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0255121
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0261200
IRS990ScheduleA/Total509Grp/TotalAmt01163405
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0218967
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0209740
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0233883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0262533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0261275
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01186398
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/BookValueAmt0239524
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0196487
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0436011
IRS990ScheduleD/EquipmentGrp/BookValueAmt05725
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077543
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt083268
IRS990ScheduleD/LandGrp/BookValueAmt015000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07143

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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
2019Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • NTEE A26Z • <$500k nonprofits