Civic Intelligence

Timpanogos Arts Foundation

EIN 71-0921224 • 501(c)3 • American Fork, UT

Profile

The mission of the timpanogos arts foundation is to educate, enrich, and inspire by provising leadership and encoragement for artistic and cultural excellence, which enhances the quality of life for the people of american fork and neighboring communities.

PO Box 443American Fork, UT 84003

www.timpanogosarts.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.05x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

82nd percentile

32%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

98th percentile

283%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

78%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$524,214

Up $387,219 (+283%) from 2023

Liabilities

Up

$57,400

Up $52,947 (+1189%) from 2023

Net Assets

Up

$466,814

Up $334,272 (+252%) from 2023

Revenue

Up

$1,051,074

Up $459,038 (+78%) from 2023

Expenses

Up

$716,802

Up $8,471 (+1.2%) from 2023

Net Income

Up

$334,272

Up $450,567 (+387%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $33,691Liabilities 2011: $02011Assets 2012: $39,561Liabilities 2012: $02012Assets 2013: $104,347Liabilities 2013: $02013Assets 2014: $70,993Liabilities 2014: $02014Assets 2015: $67,798Liabilities 2015: $02015Assets 2016: $238,791Liabilities 2016: $6,867Net Assets 2016: $231,9242016Assets 2017: $280,517Liabilities 2017: $9,366Net Assets 2017: $271,1512017Assets 2018: $400,333Liabilities 2018: $1,161Net Assets 2018: $399,1722018Assets 2019: $411,644Liabilities 2019: $3,684Net Assets 2019: $407,9602019Assets 2020: $306,824Liabilities 2020: $13,8682020Assets 2022: $252,161Liabilities 2022: $3,324Net Assets 2022: $248,8372022Assets 2023: $136,995Liabilities 2023: $4,453Net Assets 2023: $132,5422023Assets 2024: $524,214Liabilities 2024: $57,400Net Assets 2024: $466,8142024

Highlighted filing

2024

Assets$524,214
Liabilities$57,400
Net Assets$466,814

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $9,657Expenses 2011: $12,181Net Income 2011: -$2,5242011Revenue 2012: $14,063Expenses 2012: $8,195Net Income 2012: $5,8682012Revenue 2013: $127,869Expenses 2013: $63,014Net Income 2013: $64,8552013Revenue 2014: $119,116Expenses 2014: $152,470Net Income 2014: -$33,3542014Revenue 2015: $115,884Expenses 2015: $119,079Net Income 2015: -$3,1952015Revenue 2016: $323,041Expenses 2016: $158,616Net Income 2016: $164,4252016Revenue 2017: $286,678Expenses 2017: $235,781Net Income 2017: $50,8972017Revenue 2018: $470,024Expenses 2018: $348,886Net Income 2018: $121,1382018Revenue 2019: $387,539Expenses 2019: $378,751Net Income 2019: $8,7882019Revenue 2020: $132,002Expenses 2020: $247,006Net Income 2020: -$115,0042020Revenue 2022: $651,042Expenses 2022: $678,769Net Income 2022: -$27,7272022Revenue 2023: $592,036Expenses 2023: $708,331Net Income 2023: -$116,2952023Revenue 2024: $1,051,074Expenses 2024: $716,802Net Income 2024: $334,2722024

Highlighted filing

2024

Revenue$1,051,074
Expenses$716,802
Net Income$334,272

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,051,074
Mission and Program Overview

Mission

The mission of the timpanogos arts foundation is to educate, enrich, and inspire by providing leadership and encouragement for artistic and cultural excellence, which enhances the quality of life for the people of american fork and neighboring communities.

The mission of the timpanogos arts foundation is to educate, enrich, and inspire by provising leadership and encoragement for artistic and cultural excellence, which enhances the quality of life for the people of american fork and neighboring communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$74,302$59,382▼ $14,920
Savings and Temporary Cash Investments$24,781$24,882▲ $101
Cash and Non-Interest-Bearing Accounts$37,912$6,660▼ $31,252
Accounts Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$136,995$524,214▲ $387,219
Other Assets Total-$433,290-
Liabilities
Other Liabilities-$53,289-
Accounts Payable and Accrued Expenses$4,453$4,111▼ $342
Total Liabilities$4,453$57,400▲ $52,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,542$466,814▲ $334,272
Total Net Assets Fund Balance$132,542$466,814▲ $334,272
Total Liabilities and Net Assets / Fund Balance$136,995$524,214▲ $387,219

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$59,382$97,033$156,415
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry MyersPresident
Marlene MyersDirector
Michelle JolleyDirector
Ronald HarrisDirector
Russell GuntherDirector
Toby RoylanceDirector
Reggie WalkerExecutive Director
Paul PoulsenOfficer
Ron SaltmarshTreasurer
Wyattt WalkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$684,205
Program Service Revenue
$366,768
Investment Income
$101
Other Revenue
$0
All Other Contributions
$398,748
Change in Net Assets
$334,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$571,025
Salaries, Compensation, and Employee Benefits$145,777
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$180,341$36,937-$217,278
Occupancy$138,446$13,692-$152,138
Current Officers, Directors, Trustees, and Key Employees$40,500$94,500-$135,000
Advertising$22,757$24,653-$47,410
Office Expenses$16,485$8,877-$25,362
Depreciation Depletion$14,920--$14,920
Fees for Services Accounting$11,978$2,453-$14,431
Payroll Taxes$3,233$7,544-$10,777
Insurance-$10,620-$10,620
Other Expenses$3,700$7,410-$3,700
Travel$188--$188
Total Functional Expenses$510,116$206,686$0$716,802
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$53,289
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Timpanogos Arts Foundation
EIN
71-0921224
Phone
8014711240
Address
PO Box 443, American Fork, UT 84003

Signing Officer

Name
Reggie Walker
Title
President
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
8
Independent Board Members
7
Employees
1
Volunteers
200

Preparer

Firm
Gilbert & Stewart
Address
190 West 800 North Suite 100, Provo, UT 84601
Preparer
Ronald J Stewart CPA
Phone
8013775300
Supplemental Narrative

Additional Explanations

Form 990- Organization'S Mission

The mission of the Timpanogos Arts Foundation is to educate, enrich, and inspire by providing leadership and encouragement for artistic and cultural excellence,which enhances the quality of life for the people of American Fork and neighboring communities.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07544
IRS990/PayrollTaxesGrp/ProgramServicesAmt03233
IRS990/PayrollTaxesGrp/TotalAmt010777
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Facility Rental
IRS990/ProgramServiceRevenueGrp/Desc1Tuition, fees, and ticket
IRS990/ProgramServiceRevenueGrp/ExclusionAmt097231
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1269537
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1269537
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0325684
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-37764
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0562920
IRS990/PYProgramServiceRevenueAmt0304116
IRS990/PYRevenuesLessExpensesAmt0-116295
IRS990/PYSalariesCompEmpBnftPaidAmt0145411
IRS990/PYTotalExpensesAmt0708331
IRS990/PYTotalRevenueAmt0592036
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0334272
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024781
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0304205
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0315205
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0291281
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt065158
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0294981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01270830
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0119
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0291
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0410
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt066725
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt095967
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0162692
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88630
IRS990ScheduleA/PublicSupportPY170Pct00.82040
IRS990ScheduleA/PublicSupportTotal170Amt01270830
IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0304205
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0291281
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt065158
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0294981
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01270830
IRS990ScheduleA/TotalSupportAmt01433932
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt053289
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT TO USE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt059382
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt097033
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0156415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059382
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0433290
IRS990ScheduleD/TotalLiabilityAmt053289
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The mission of the Timpanogos Arts Foundation is to educate, enrich, and inspire by providing leadership and encouragement for artistic and cultural excellence,which enhances the quality of life for the people of American Fork and neighboring communities.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990- Organization's Mission
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0524214
IRS990/TotalAssetsGrp/BOYAmt0136995
IRS990/TotalAssetsGrp/EOYAmt0524214
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0684205
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0206686
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0510116
IRS990/TotalFunctionalExpensesGrp/TotalAmt0716802
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04453
IRS990/TotalLiabilitiesEOYAmt057400
IRS990/TotalLiabilitiesGrp/BOYAmt04453
IRS990/TotalLiabilitiesGrp/EOYAmt057400
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0132542
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0466814
IRS990/TotalProgramServiceExpensesAmt0510116
IRS990/TotalProgramServiceRevenueAmt0366768
IRS990/TotalRevenueGrp/ExclusionAmt0366869
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01051074
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136995
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0524214
IRS990/TravelGrp/ProgramServicesAmt0188
IRS990/TravelGrp/TotalAmt0188
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 443
IRS990/USAddress/CityNm0American Fork
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084003
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.timpanogosarts.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Reggie Walker

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