Civic Intelligence

Key West Impromptu Classical Concerts Inc.

990EZ • Fiscal year 2016 • EIN 59-1735835

Jun 01, 2015 to May 31, 2016 • Filed on Oct 22, 2016

PO Box 6244Key West, FL 33041-6244

(305) 849-1938

Siviq Scores

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

Liabilities / Assets

78th percentile

0.11x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

88th percentile

0.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

60th percentile

7.7%

Higher net margin than 60% 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

40th percentile

-2.5%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

68th percentile

14%

Faster revenue growth than 68% of similar nonprofits.

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

Assets

Down

$209,665

Down $5,364 (-2.5%) from 2015

Net Assets

Up

$186,003

Up $8,121 (+4.6%) from 2015

Liabilities

Down

$23,662

Down $13,485 (-36%) from 2015

Revenue

Up

$106,047

Up $13,378 (+14%) from 2015

Expenses

Up

$97,926

Up $15,633 (+19%) from 2015

Net Income

Down

$8,121

Down $2,255 (-22%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $43,689Liabilities 2012: $15,440Net Assets 2012: $28,2492012Assets 2013: $178,895Liabilities 2013: $8,244Net Assets 2013: $170,6512013Assets 2014: $182,470Liabilities 2014: $14,965Net Assets 2014: $167,5052014Assets 2015: $215,029Liabilities 2015: $37,147Net Assets 2015: $177,8822015Assets 2016: $209,665Liabilities 2016: $23,662Net Assets 2016: $186,0032016Assets 2017: $215,436Liabilities 2017: $11,494Net Assets 2017: $203,9422017Assets 2019: $209,718Liabilities 2019: $6,809Net Assets 2019: $202,9092019Assets 2020: $201,637Liabilities 2020: $8,912Net Assets 2020: $192,7252020Assets 2021: $248,889Liabilities 2021: $7,862Net Assets 2021: $241,0272021Assets 2022: $280,610Liabilities 2022: $5,537Net Assets 2022: $275,0732022Assets 2023: $276,891Liabilities 2023: $2,650Net Assets 2023: $274,2412023Assets 2025: $384,150Liabilities 2025: $5,200Net Assets 2025: $378,9502025

Highlighted filing

2016

Assets$209,665
Liabilities$23,662
Net Assets$186,003

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2012: $92,682Expenses 2012: $82,841Net Income 2012: $9,8412012Revenue 2013: $111,686Expenses 2013: $71,439Net Income 2013: $40,2472013Revenue 2014: $103,549Expenses 2014: $106,695Net Income 2014: -$3,1462014Revenue 2015: $92,669Expenses 2015: $82,293Net Income 2015: $10,3762015Revenue 2016: $106,047Expenses 2016: $97,926Net Income 2016: $8,1212016Revenue 2017: $110,714Expenses 2017: $92,775Net Income 2017: $17,9392017Revenue 2019: $106,132Expenses 2019: $103,832Net Income 2019: $2,3002019Revenue 2020: $112,938Expenses 2020: $123,122Net Income 2020: -$10,1842020Revenue 2021: $84,979Expenses 2021: $36,677Net Income 2021: $48,3022021Revenue 2022: $177,167Expenses 2022: $143,121Net Income 2022: $34,0462022Revenue 2023: $123,615Expenses 2023: $124,447Net Income 2023: -$8322023Revenue 2025: $130,489Expenses 2025: $93,177Net Income 2025: $37,3122025

Highlighted filing

2016

Revenue$106,047
Expenses$97,926
Net Income$8,121
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Oct 22, 2016
Return Version
2015v2.1
Gross Receipts
$106,047
Mission and Program Overview

Mission

To provide a minimum of six classical concerts annually performed by professional musicians of the highest caliber for the education and enjoyment of citizens and visitors to Key West and the lower keys.

Program Services

DescriptionGrantsExpenses
TO PROVIDE A MINIMUM OF SIX CLASSICAL CONCERTS ANNUALLY PERFORMED BY PROFESSIONAL MUSICIANS OF THE HIGHEST CALIBER FOR THE EDUCATION AND ENJOYMENT OF CITIZENS OF AND VISITORS TO KEY WEST AND THE LOWER KEYS.-$48,209
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RITA A COUCHTreasurer-$0--
PRUDENCE CHURCHILLDirector-$0--
DAVID EYERDirector-$0--
GEORGE KORNVice Preside-$0--
KATHY HOOPERSecretary-$0--
CONSTANCE MILLERDirector-$0--
WALTER SCHMIDADirector-$0--
LISA MCCARTHYDirector-$0--
LILLIAN VAN HESTPresidentPT$0--
ED ASVAZADOURIANDirector-$0--
MARY ANN WESTERLUNDDirector-$0--
SUSAN WINSHALLDirector-$0--
VINCENT P ZITODirector-$0--
Filing and Contact Details

Filer

Filer Name
Key West Council on the Arts Inc
EIN
59-1735835
Address
PO BOX 6244, KEY WEST, FL 33041-6244

Signing Officer

Name
Rita a Couch
Title
Treasurer
Signed
2016-10-22
Discuss with paid preparer
Yes

Preparer

Firm
Bishop Rosasco & Co
Address
8085 OVERSEAS HWY, MARATHON, FL 33050
Preparer
Rita a Couch CPA
Phone
3057436586
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Program advertising 10,225 total 10,225

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 26,332 office 1,650 insurance 1,168 concert expenses 48,065 professional memberships 606 filing fees 366 merchant account fees 592 investment losses 11,260 non-investment depreciation 144 total 90,183

Form 990-ez, Part II, Line 24

Accounts receivable 20,558 20,666 portable stage 0 5,748 less accumulated depreciation 0 144 total 20,558 26,270

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 140 5,762 deferred revenue 37,007 17,900

Form 990-ez, Part III

To provide a minimum of six classical concerts annually performed by professional musicians of the highest caliber for the education and enjoyment of citizens and visitors to key west and the lower keys.

Raw XML Appendix200 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROGRAM ADVERTISING 10,225 TOTAL 10,225
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 26,332 OFFICE 1,650 INSURANCE 1,168 CONCERT EXPENSES 48,065 PROFESSIONAL MEMBERSHIPS 606 FILING FEES 366 MERCHANT ACCOUNT FEES 592 INVESTMENT LOSSES 11,260 NON-INVESTMENT DEPRECIATION 144 TOTAL 90,183
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 20,558 20,666 PORTABLE STAGE 0 5,748 LESS ACCUMULATED DEPRECIATION 0 144 TOTAL 20,558 26,270
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 140 5,762 DEFERRED REVENUE 37,007 17,900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO PROVIDE A MINIMUM OF SIX CLASSICAL CONCERTS ANNUALLY PERFORMED BY PROFESSIONAL MUSICIANS OF THE HIGHEST CALIBER FOR THE EDUCATION AND ENJOYMENT OF CITIZENS AND VISITORS TO KEY WEST AND THE LOWER KEYS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KEY WEST COUNCIL ON THE ARTS INC
ReturnHeader/Filer/BusinessNameControlTxt0KEYW
ReturnHeader/Filer/EIN0591735835
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 6244
ReturnHeader/Filer/USAddress/CityNm0KEY WEST
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08085 OVERSEAS HWY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerPersonGrp/PhoneNum03057436586
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RITA A COUCH CPA
ReturnHeader/ReturnTs02016-11-01T16:26:14-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.84$0.05$3.79$1.30$0.93$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.03$2.74$1.24$1.24$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$0.06$2.75$1.77$1.43$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.08$2.41$0.85$0.37$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.09$1.93$1.13$1.23$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.07$2.03$1.06$1.04$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.11$2.04$1.11$0.93$0.18
2016Detailed filing. Detailed filing data is available for this year.$2.10$0.24$1.86$1.06$0.98$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.15$0.37$1.78$0.93$0.82$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.82$0.15$1.68$1.04$1.07$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.08$1.71$1.12$0.71$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.15$0.28$0.93$0.83$0.10