Civic Intelligence

Alchemia

990 • Fiscal year 2021 • EIN 68-0420080

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 01, 2022

394 Tesconi CourtSanta Rosa, CA 95401

(707) 978-3229

Siviq Scores

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

Liabilities / Assets

80th percentile

0.39x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$126,954

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

51st percentile

9.7%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

1.5%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,546,091

Up $136,981 (+9.7%) from 2020

Net Assets

Up

$936,059

Up $175,110 (+23%) from 2020

Liabilities

Down

$610,032

Down $38,129 (-5.9%) from 2020

Revenue

Up

$1,476,037

Up $21,682 (+1.5%) from 2020

Expenses

Down

$1,300,927

Down $53,939 (-4.0%) from 2020

Net Income

Up

$175,110

Up $75,621 (+76%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $398,545Liabilities 2010: $11,440Net Assets 2010: $387,1052010Assets 2011: $441,140Liabilities 2011: $2,123Net Assets 2011: $439,0172011Assets 2012: $550,101Liabilities 2012: $4,119Net Assets 2012: $545,9822012Assets 2013: $593,175Liabilities 2013: $18,254Net Assets 2013: $574,9212013Assets 2014: $1,140,569Liabilities 2014: $637,819Net Assets 2014: $502,7502014Assets 2015: $1,171,792Liabilities 2015: $642,535Net Assets 2015: $529,2572015Assets 2016: $1,157,335Liabilities 2016: $619,306Net Assets 2016: $538,0292016Assets 2017: $1,188,842Liabilities 2017: $594,374Net Assets 2017: $594,4682017Assets 2018: $1,199,546Liabilities 2018: $611,413Net Assets 2018: $588,1332018Assets 2019: $1,176,808Liabilities 2019: $515,348Net Assets 2019: $661,4602019Assets 2020: $1,409,110Liabilities 2020: $648,161Net Assets 2020: $760,9492020Assets 2021: $1,546,091Liabilities 2021: $610,032Net Assets 2021: $936,0592021Assets 2022: $1,759,409Liabilities 2022: $379,191Net Assets 2022: $1,380,2182022Assets 2023: $1,743,154Liabilities 2023: $220,691Net Assets 2023: $1,522,4632023Assets 2024: $1,458,823Liabilities 2024: $62,138Net Assets 2024: $1,396,6852024

Highlighted filing

2021

Assets$1,546,091
Liabilities$610,032
Net Assets$936,059

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $806,6122010Expenses 2011: $971,3072011Expenses 2012: $1,151,1452012Revenue 2013: $1,179,662Expenses 2013: $1,230,585Net Income 2013: -$50,9232013Revenue 2014: $1,300,853Expenses 2014: $1,358,234Net Income 2014: -$57,3812014Revenue 2015: $677,960Expenses 2015: $666,243Net Income 2015: $11,7172015Revenue 2016: $1,376,818Expenses 2016: $1,368,046Net Income 2016: $8,7722016Revenue 2017: $1,483,165Expenses 2017: $1,426,726Net Income 2017: $56,4392017Revenue 2018: $1,554,866Expenses 2018: $1,561,202Net Income 2018: -$6,3362018Revenue 2019: $1,546,370Expenses 2019: $1,473,043Net Income 2019: $73,3272019Revenue 2020: $1,454,355Expenses 2020: $1,354,866Net Income 2020: $99,4892020Revenue 2021: $1,476,037Expenses 2021: $1,300,927Net Income 2021: $175,1102021Revenue 2022: $1,698,249Expenses 2022: $1,315,568Net Income 2022: $382,6812022Revenue 2023: $1,587,376Expenses 2023: $1,310,608Net Income 2023: $276,7682023Revenue 2024: $1,522,389Expenses 2024: $1,562,490Net Income 2024: -$40,1012024

Highlighted filing

2021

Revenue$1,476,037
Expenses$1,300,927
Net Income$175,110
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 1, 2022
Return Version
2020v4.0
Gross Receipts
$1,477,077
Mission and Program Overview

Mission

Alchemia provides arts programming for adults with developmental disabilities who identify as artists or who are passionate about deepening their artistic, social, and communication skills through the expressive arts. Alchemia is committed to providing a physically, socially, and artistically nourishing environment where participants can develop and sustain strong interpersonal relationships, pursue individual creative goals, and explore their unique dreams.

Alchemia nurtures the creative expression of individuals with disabilities as a vehicle for personal growth, achievement and community integration.continued on schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$900,131$869,069▼ $31,062
Cash and Non-Interest-Bearing Accounts$356,403$523,216▲ $166,813
Accounts Receivable$119,765$122,527▲ $2,762
Prepaid Expenses and Deferred Charges$32,811$31,279▼ $1,532
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,409,110$1,546,091▲ $136,981
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$401,860$354,603▼ $47,257
Deferred Revenue$182,100$182,100→ $0
Accounts Payable and Accrued Expenses$64,201$73,329▲ $9,128
Total Liabilities$648,161$610,032▼ $38,129
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$754,419$929,529▲ $175,110
Net Assets With Donor Restrictions$6,530$6,530→ $0
Total Net Assets Fund Balance$760,949$936,059▲ $175,110
Total Liabilities and Net Assets / Fund Balance$1,409,110$1,546,091▲ $136,981

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$620,721$141,082$761,803
Land$235,001-$235,001
Other Land Buildings$13,347$123,293$136,640
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth ClaryExecutive DirectorFT$126,923$31$126,954
Emily ParkerDirector-$500-$500

Board Members and Trustees

NameTitle
Phil JonckheerPresident
Michael CheneyDirector
Gail YeagerSecretary
Ian SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,318
Program Service Revenue
$1,403,419
Investment Income
$0
Other Revenue
$300
All Other Contributions
$23,968
Change in Net Assets
$175,110

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,476,037
Total Revenue per Audited Statements
$1,476,037
Total Revenue per Form 990
$1,476,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$914,469
Other Expenses$386,458
Total Fundraising Expense$40,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$526,827$124,826$24,084$675,737
Occupancy$182,540$1,683-$184,223
Current Officers, Directors, Trustees, and Key Employees$106,800$7,200$6,500$120,500
Payroll Taxes$56,035$10,109$2,497$68,641
Other Employee Benefits$38,632$10,334$625$49,591
Fees for Services Accounting-$35,626-$35,626
Depreciation Depletion$31,062--$31,062
Insurance$18,291$822-$19,113
All Other Expenses$5,863$1,200$1,182$8,245
Other Expenses$2,117$4,483$132$6,600
Travel$3,788$2,585-$6,373
Advertising$737$26$5,275$6,038
Office Expenses$3,948$177-$4,125
Fees for Services Other$680--$680
Total Functional Expenses$1,054,659$205,973$40,295$1,300,927

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,300,927
Total Expenses per Audited Statements$1,300,927
Total Expenses per Form 990$1,300,927
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Line 4: Description of Significant Changes to Organizational Documents

By-Laws amended and restated 10/29/2020 to reflect updated provisions.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Auditor will prepare the annual Return for Organization Exempt from Income Tax - IRS Form 990. The Finance Manager will review it first and then pass it on to the Executive Director for review and approval. The Executive Director will send it to the whole Board of Directors for review. The Finance Manager will then insure the tax return is filed with the Internal Revenue Service by the annual deadline.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers, directors, and key employees must disclose any interests, as soon as they are identified, that could result in a conflict. Should such a matter arise, the person with the conflict would recuse him/herself from any discussion or vote on the matter.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Committee of the Alchemia Board of Directors shall annually evaluate the Executive Director on his/her performance, and ask for his/her input on matters of performance and compensation. The Executive Committee will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of the Executive Director (and other highly compensated employees or consultants) based on a review of comparability data.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Alchemia
EIN
68-0420080
Phone
7079783229
Address
394 TESCONI COURT, SANTA ROSA, CA 95401

Signing Officer

Name
Elizabeth Clary
Title
Executive Director
Signed
2022-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Clary
Formed
1998
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
31
Volunteers
10

Preparer

Firm
Doran & Associates
Address
70 MITCHELL BLVD Ste 102, San Rafael, CA 94903
Preparer
Lisa Doran CPA
Phone
4154911130
Supplemental Narrative

Additional Explanations

Mission

Continued from pages 1 and 2 offered a fully-remote service delivery platform, offering over 120 hours per week of arts engagement to artists served, expanding the organization's capacity to meet individual needs and exceeding funder and artist expectations.

Program Service Accomplishments

Continued from page 2in march 2020, transitioned to a fully-remote service delivery platform, offering over 120 hours per week of arts engagement to artists served, expanding the organization's capacity to meet individual needs, exceeding funder and artist expectations.

Financial Statement Notes

Part X : FIN48 Footnote

ASC 740-10, Accounting for Uncertainty in Income Taxes - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Corporation to report information regarding its exposure to various tax positions taken by the Corporation. The Corporation has determined whether any tax positions have met the recognition threshold and has measured the Corporations exposure to those tax positions. Management believes that the Corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed (four years for California). Any interest or penalties assessed to the Corporation are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740-10, Accounting for Uncertainty in Income Taxes - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Corporation to report information regarding its exposure to various tax positions taken by the Corporation. The Corporation has determined whether any tax positions have met the recognition threshold and has measured the Corporations exposure to those tax positions. Management believes that the Corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed (four years for California). Any interest or penalties assessed to the Corporation are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0By-Laws amended and restated 10/29/2020 to reflect updated provisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Auditor will prepare the annual Return for Organization Exempt from Income Tax - IRS Form 990. The Finance Manager will review it first and then pass it on to the Executive Director for review and approval. The Executive Director will send it to the whole Board of Directors for review. The Finance Manager will then insure the tax return is filed with the Internal Revenue Service by the annual deadline.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS, AND KEY EMPLOYEES MUST DISCLOSE ANY INTERESTS, AS SOON AS THEY ARE IDENTIFIED, THAT COULD RESULT IN A CONFLICT. SHOULD SUCH A MATTER ARISE, THE PERSON WITH THE CONFLICT WOULD RECUSE HIM/HERSELF FROM ANY DISCUSSION OR VOTE ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Committee of the Alchemia Board of Directors shall annually evaluate the Executive Director on his/her performance, and ask for his/her input on matters of performance and compensation. The Executive Committee will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of the Executive Director (and other highly compensated employees or consultants) based on a review of comparability data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTINUED FROM PAGES 1 AND 2 OFFERED A FULLY-REMOTE SERVICE DELIVERY PLATFORM, OFFERING OVER 120 HOURS PER WEEK OF ARTS ENGAGEMENT TO ARTISTS SERVED, EXPANDING THE ORGANIZATION'S CAPACITY TO MEET INDIVIDUAL NEEDS AND EXCEEDING FUNDER AND ARTIST EXPECTATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTINUED FROM PAGE 2IN MARCH 2020, TRANSITIONED TO A FULLY-REMOTE SERVICE DELIVERY PLATFORM, OFFERING OVER 120 HOURS PER WEEK OF ARTS ENGAGEMENT TO ARTISTS SERVED, EXPANDING THE ORGANIZATION'S CAPACITY TO MEET INDIVIDUAL NEEDS, EXCEEDING FUNDER AND ARTIST EXPECTATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PROGRAM SERVICE ACCOMPLISHMENTS
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.06$1.40$1.52$1.56$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.74$0.22$1.52$1.59$1.31$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.76$0.38$1.38$1.70$1.32$0.38
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.61$0.94$1.48$1.30$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.41$0.65$0.76$1.45$1.35$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.18$0.52$0.66$1.55$1.47$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.61$0.59$1.55$1.56$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.19$0.59$0.59$1.48$1.43$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.62$0.54$1.38$1.37$0.01
2015Summary only. Only limited summary data is available for this year.$1.17$0.64$0.53$0.68$0.67$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.14$0.64$0.50$1.30$1.36$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.57$1.18$1.23$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.01$0.39$0.81