Civic Intelligence

Cherokee County Arts Council Inc

990 • Fiscal year 2016 • EIN 58-1804736

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 10, 2016

94 North StreetCanton, GA 30114

(770) 704-6244

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

32nd percentile

-7.2%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.1%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$80,213

Down $6,217 (-7.2%) from 2015

Net Assets

Down

$78,743

Down $6,532 (-7.7%) from 2015

Liabilities

Up

$1,470

Up $315 (+27%) from 2015

Revenue

Up

$161,160

Up $6,399 (+4.1%) from 2015

Expenses

Up

$161,085

Up $4,127 (+2.6%) from 2015

Net Income

Up

$75

Up $2,272 (+103%) from 2015

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $100,874Liabilities 2011: $894Net Assets 2011: $99,9802011Assets 2012: $102,319Liabilities 2012: $0Net Assets 2012: $102,3192012Assets 2013: $95,762Liabilities 2013: $1,195Net Assets 2013: $94,5672013Assets 2014: $84,106Liabilities 2014: $1,806Net Assets 2014: $82,3002014Assets 2015: $86,430Liabilities 2015: $1,155Net Assets 2015: $85,2752015Assets 2016: $80,213Liabilities 2016: $1,470Net Assets 2016: $78,7432016Assets 2017: $65,327Liabilities 2017: $1,826Net Assets 2017: $63,5012017Assets 2018: $86,548Liabilities 2018: $1,777Net Assets 2018: $84,7712018Assets 2019: $64,059Liabilities 2019: $1,912Net Assets 2019: $62,1472019Assets 2020: $59,068Liabilities 2020: $25,333Net Assets 2020: $33,7352020Assets 2021: $92,066Liabilities 2021: $22,469Net Assets 2021: $69,5972021Assets 2022: $63,333Liabilities 2022: $0Net Assets 2022: $63,3332022

Highlighted filing

2016

Assets$80,213
Liabilities$1,470
Net Assets$78,743

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $180,3152011Expenses 2012: $119,4162012Revenue 2013: $142,591Expenses 2013: $150,343Net Income 2013: -$7,7522013Revenue 2014: $158,701Expenses 2014: $170,968Net Income 2014: -$12,2672014Revenue 2015: $154,761Expenses 2015: $156,958Net Income 2015: -$2,1972015Revenue 2016: $161,160Expenses 2016: $161,085Net Income 2016: $752016Revenue 2017: $153,605Expenses 2017: $169,455Net Income 2017: -$15,8502017Revenue 2018: $192,323Expenses 2018: $171,357Net Income 2018: $20,9662018Revenue 2019: $187,691Expenses 2019: $212,222Net Income 2019: -$24,5312019Revenue 2020: $176,198Expenses 2020: $204,610Net Income 2020: -$28,4122020Revenue 2021: $116,443Expenses 2021: $82,045Net Income 2021: $34,3982021Revenue 2022: $114,726Expenses 2022: $140,105Net Income 2022: -$25,3792022

Highlighted filing

2016

Revenue$161,160
Expenses$161,085
Net Income$75
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 10, 2016
Return Version
2015v2.1
Gross Receipts
$172,171
Mission and Program Overview

Mission

To enrich the quality of life of the residents of the surrounding community by promoting, developing and coordinating elecellence in the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$85,275$78,743▼ $6,532
Cash and Non-Interest-Bearing Accounts$4,991$43,718▲ $38,727
Savings and Temporary Cash Investments$66,279$30,000▼ $36,279
Land, Buildings, and Equipment, Net$9,174$6,495▼ $2,679
Pledges and Grants Receivable$5,986--
Total Assets$86,430$80,213▼ $6,217
Liabilities
Other Liabilities$1,155$1,470▲ $315
Total Liabilities$1,155$1,470▲ $315
Net Assets / Fund Balance
Total Net Assets Fund Balance$85,275$78,743▼ $6,532
Total Liabilities and Net Assets / Fund Balance$86,430$80,213▼ $6,217

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$31,340--
Equipment$-30,741$30,741-
Leasehold Improvements$5,896$31,298-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carmen SlaughterActing President
Tina KellVice President of Development
John ClarkVice President of Support
Mary AkersDirector
Jeff BrownFestival
Kim BatesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$131,406
Program Service Revenue
$31,438
Investment Income
$327
Other Revenue
$-2,011
All Other Contributions
$27,546
Change in Net Assets
$75
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,681
Salaries, Compensation, and Employee Benefits$50,404
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$35,699$18,390-$54,089
Current Officers, Directors, Trustees, and Key Employees-$43,200-$43,200
Office Expenses$7,905$3,946-$11,851
Advertising$9,828--$9,828
Other Expenses$2,471$9,827-$9,827
Other Salaries and Wages-$3,615-$3,615
Payroll Taxes-$3,589-$3,589
Fees for Services Accounting$1,447$713-$2,160
Total Functional Expenses$77,805$83,280$0$161,085
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,011
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Arts Festiva$14,593$14,593$7,090$7,503
Fall Ball$743$743$1,500$-757
Total Events$15,336$15,336$11,011$4,325
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 Tax Payable$1,437
Sales Tax Payable$33
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 disbursed to governing body for review and or questions before final return is filed

Governing documents etc available to public Part VI line 19

AVALIABLE UPOM REQUEST

Filing and Contact Details

Filer

Filer Name
Cherokee County Arts Council Inc
EIN
58-1804736
Address
94 NORTH STREET, CANTON, GA 30114

Signing Officer

Name
Carmen Slaughter
Title
Acting Presiden
Phone
7707046244
Signed
2016-09-10
Discuss with paid preparer
No

Organization Details

Formed
2003
Legal Domicile
Ga
Voting Board Members
19
Independent Board Members
19
Employees
2

Preparer

Firm
Fox & Company LLC
Address
1905 Upper Sweetwater TR SE, White, GA 30184
Preparer
Michelle G Fox CPA
Phone
6787928881
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

PRIOR PERIOD ADJUSTMENT

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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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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt031340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06495
IRS990ScheduleD/TotalLiabilityAmt01470
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011011
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL BALL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ARTS FESTIVA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02421
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02421
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0743
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt014593
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015336
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0743
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt014593
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015336
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04325
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08590
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07090
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 DISBURSED TO GOVERNING BODY FOR REVIEW AND OR QUESTIONS BEFORE FINAL RETURN IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVALIABLE UPOM REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt086430
IRS990/TotalAssetsEOYAmt080213
IRS990/TotalAssetsGrp/BOYAmt086430
IRS990/TotalAssetsGrp/EOYAmt080213
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0131406
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt077805
IRS990/TotalFunctionalExpensesGrp/TotalAmt0161085
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01155
IRS990/TotalLiabilitiesEOYAmt01470
IRS990/TotalLiabilitiesGrp/BOYAmt01155
IRS990/TotalLiabilitiesGrp/EOYAmt01470
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt085275
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt078743
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt077805
IRS990/TotalProgramServiceRevenueAmt031438
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-11011
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040765
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161160
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086430
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt080213
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CARMEN SLAUGHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACTING PRESIDEN
ReturnHeader/BusinessOfficerGrp/PhoneNum07707046244
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHEROKEE COUNTY ARTS COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0CHER
ReturnHeader/Filer/EIN0581804736
ReturnHeader/Filer/USAddress/AddressLine1Txt094 NORTH STREET
ReturnHeader/Filer/USAddress/CityNm0CANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030114
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263874630
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fox & Company LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01905 Upper Sweetwater TR SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0White
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030184
ReturnHeader/PreparerPersonGrp/PhoneNum06787928881
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michelle G Fox CPA
ReturnHeader/ReturnTs02016-10-15T15:13:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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