Civic Intelligence

Oconee Cultural Arts Foundation Inc

990 • Fiscal year 2016 • EIN 58-2176120

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

Post Office Box 631Watkinsville, GA 30677

(706) 769-4565

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

0.00x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$53,250

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

94th percentile

91%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

84th percentile

37%

Faster revenue growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$677,052

Up $323,368 (+91%) from 2015

Net Assets

Up

$674,842

Up $322,722 (+92%) from 2015

Liabilities

Up

$2,210

Up $646 (+41%) from 2015

Revenue

Up

$794,438

Up $216,291 (+37%) from 2015

Expenses

Up

$471,716

Up $47,497 (+11%) from 2015

Net Income

Up

$322,722

Up $168,794 (+110%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $109,433Liabilities 2010: $393Net Assets 2010: $109,0402010Assets 2011: $129,138Liabilities 2011: $1,539Net Assets 2011: $127,5992011Assets 2012: $144,029Liabilities 2012: $1,477Net Assets 2012: $142,5522012Assets 2013: $159,244Liabilities 2013: $1,727Net Assets 2013: $157,5172013Assets 2014: $201,005Liabilities 2014: $2,813Net Assets 2014: $198,1922014Assets 2015: $353,684Liabilities 2015: $1,564Net Assets 2015: $352,1202015Assets 2016: $677,052Liabilities 2016: $2,210Net Assets 2016: $674,8422016Assets 2017: $803,790Liabilities 2017: $2,927Net Assets 2017: $800,8632017Assets 2018: $1,342,612Liabilities 2018: $2,612Net Assets 2018: $1,340,0002018Assets 2019: $1,400,596Liabilities 2019: $2,744Net Assets 2019: $1,397,8522019Assets 2020: $1,492,406Liabilities 2020: $22,120Net Assets 2020: $1,470,2862020Assets 2021: $1,529,251Liabilities 2021: $22,602Net Assets 2021: $1,506,6492021Assets 2022: $2,145,161Liabilities 2022: $98,414Net Assets 2022: $2,046,7472022Assets 2023: $2,079,430Liabilities 2023: $17,596Net Assets 2023: $2,061,8342023Assets 2024: $1,965,380Liabilities 2024: $12,393Net Assets 2024: $1,952,9872024Assets 2025: $1,843,100Liabilities 2025: $4,552Net Assets 2025: $1,838,5482025

Highlighted filing

2016

Assets$677,052
Liabilities$2,210
Net Assets$674,842

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $124,5292010Expenses 2011: $152,4602011Expenses 2012: $149,8012012Revenue 2013: $382,710Expenses 2013: $367,745Net Income 2013: $14,9652013Revenue 2014: $403,246Expenses 2014: $362,571Net Income 2014: $40,6752014Revenue 2015: $578,147Expenses 2015: $424,219Net Income 2015: $153,9282015Revenue 2016: $794,438Expenses 2016: $471,716Net Income 2016: $322,7222016Revenue 2017: $507,042Expenses 2017: $466,038Net Income 2017: $41,0042017Revenue 2018: $886,235Expenses 2018: $503,832Net Income 2018: $382,4032018Revenue 2019: $588,007Expenses 2019: $530,155Net Income 2019: $57,8522019Revenue 2020: $517,855Expenses 2020: $445,421Net Income 2020: $72,4342020Revenue 2021: $287,521Expenses 2021: $251,158Net Income 2021: $36,3632021Revenue 2022: $928,056Expenses 2022: $387,958Net Income 2022: $540,0982022Revenue 2023: $437,717Expenses 2023: $422,630Net Income 2023: $15,0872023Revenue 2024: $254,029Expenses 2024: $362,876Net Income 2024: -$108,8472024Revenue 2025: $307,062Expenses 2025: $421,501Net Income 2025: -$114,4392025

Highlighted filing

2016

Revenue$794,438
Expenses$471,716
Net Income$322,722
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$809,391
Mission and Program Overview

Mission

The oconee cultural arts foundation inc (ocaf) promotes cultural arts and artists and provides art education to the citizens of oconee county and the northeast georgia area.

Providing classes and events to promote the underestanding and appriciation of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$352,120$674,842▲ $322,722
Savings and Temporary Cash Investments$141,359$383,071▲ $241,712
Land, Buildings, and Equipment, Net$140,603$286,495▲ $145,892
Cash and Non-Interest-Bearing Accounts$71,614$7,378▼ $64,236
Prepaid Expenses and Deferred Charges$108$108→ $0
Total Assets$353,684$677,052▲ $323,368
Liabilities
Other Liabilities$1,564$2,210▲ $646
Total Liabilities$1,564$2,210▲ $646
Net Assets / Fund Balance
Total Net Assets Fund Balance$352,120$674,842▲ $322,722
Total Liabilities and Net Assets / Fund Balance$353,684$677,052▲ $323,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$283,111$24,889$308,000
Equipment$3,384$14,220$17,604
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cindy Lou FarleyExecutive DirectorFT$53,250$53,250

Board Members and Trustees

NameTitle
B Amrey HardenChairman
Stacy KoffmanVice Chairman
Bob ElkinsBoard Director
Ruth ParsonsBoard Director
Audrone KirschnerBoard of Directors Secretary
Bess CarterDirector
Brian LaHaieDirector
Eadaoin Walsh WallerDirector
Jason BranchDirector
Laura LeidenDirector
Lisa DouglasDirector
Mark G WhipkeyDirector
Mary Lilly WatsonDirector
Rosemary StanccilDirector
Tammy GillandDirector
Yvonne StudevanDirector
Jimmy ChristopherAsst Treas
Michael McClearyTreas
Revenue and Support

Revenue Composition

Contributions and Grants
$380,869
Program Service Revenue
$377,329
Investment Income
$206
Other Revenue
$36,034
Change in Net Assets
$322,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,737
Salaries, Compensation, and Employee Benefits$91,879
Professional Fundraising Fees$24,000
Total Fundraising Expense$24,000
Grants and Similar Amounts Paid$1,100

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$26,738$26,737-$53,475
Fees for Services Other$42,697--$42,697
Advertising$40,676--$40,676
Occupancy$32,397--$32,397
Other Salaries and Wages$3,840$28,035-$31,875
All Other Expenses$30,803--$30,803
Fees for Services Professional Fundraising--$24,000$24,000
Other Expenses$22,204--$22,204
Insurance$9,504--$9,504
Office Expenses$4,616$2,308-$6,924
Payroll Taxes$2,045$4,484-$6,529
Depreciation Depletion$4,906--$4,906
Information Technology$2,587$1,293-$3,880
Grants to Domestic Orgs$1,100--$1,100
Total Functional Expenses$384,859$62,857$24,000$471,716
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,987
Professional Fundraising Fees$24,000
Fundraising Direct Expenses$14,953

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winefest$30,504$30,504$9,715$20,789
Thrift Sale$20,483$20,483$5,238$15,245
Total Events$50,987$50,987$14,953$36,034
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Withheld Payroll Taxes$2,209
Sales Tax Collected not yet paid$1
Rounding error-
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
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

B Amrey Harden is CEO of the Oconee State Bank. Certain members of the board may maintain checking or savings accounts with the Oconee State Bank or may have loans with the bank.Jimmy L. Christopher is a director of the Oconee State Bank. Certain members of the board may maintain checking or savings accounts with the Oconee State Bank or may have loans with the bank.Ruth Parsons owns and operates an insurance agency. In the ordinary course of business certain members of the board may be clients of her agency. Oconee Cultural Arts Foundation has been a client of her agency for a number of years; however the dollar amount of the preimums are less than the required amount for reporting on Schedule G.

Members or stockholder classes and rights Part VI line 6

Membership is available to any individual who pays membership dues. All members have same rights and voting rights.

Member election for additional members Part VI line 7A

The board of directors are elected at the annual membership meeting. All members have equal voting rights.

Governing body decisions Part VI line 7B

Membership can vote to change the bylaws.

Form 990 governing body review Part VI line 11

The form 990 is prepared by the Asst. Treas. who is a CPA not independent of the organization. Monthlty financial statements are prepared by the CEO. The monthly statements are reviewed by the Asst. Treas and Treas. The Treas. presents the statements to the full board each month. The form 990 is prepared from the year end financial statement after the statement has been presented to the board.

Governing documents etc available to public Part VI line 19

The minutes and tax returns of the organization are available to any person who requests to see them. A copy of the documents will be provide upon request.

Filing and Contact Details

Filer

Filer Name
Oconee Cultural Arts Foundation Inc
EIN
58-2176120
Address
POST OFFICE BOX 631, Watkinsville, GA 30677

Signing Officer

Name
Jimmy Christopher
Title
Asst Treas
Phone
7062028567
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
B Amrey Harden
Formed
1995
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
17
Employees
2
Volunteers
250

Preparer

Firm
Jimmy L Christopher
Address
P O Box 405, Watkinsville, GA 30677
Preparer
Jimmy L Christopher
Phone
7062028567
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Contracted labor 6813instructors 32349program consultants 1985proformers for events 1550

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$0.31$0.42$0.11
2024Detailed filing. Detailed filing data is available for this year.$1.97$0.01$1.95$0.25$0.36$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.08$0.02$2.06$0.44$0.42$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.15$0.10$2.05$0.93$0.39$0.54
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.02$1.51$0.29$0.25$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.49$0.02$1.47$0.52$0.45$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.59$0.53$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.89$0.50$0.38
2017Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.51$0.47$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.67$0.79$0.47$0.32
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.58$0.42$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.40$0.36$0.04
2013Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.38$0.37$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.12
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $500k-$1M nonprofits