Civic Intelligence

Fine Arts Foundation

990 • Fiscal year 2014 • EIN 74-2393879

Oct 01, 2013 to Sep 30, 2014 • Filed on Jan 27, 2015

PO Box 304980155-3049

(303) 400-8686

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.25x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

0.74x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

67th percentile

14%

Faster asset growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$330,564

Up $40,770 (+14%) from 2013

Net Assets

Up

$249,264

Up $27,975 (+13%) from 2013

Liabilities

Up

$81,300

Up $12,795 (+19%) from 2013

Revenue

Up

$109,638

Up $10,419 (+11%) from 2013

Expenses

Up

$96,208

Up $7,164 (+8.0%) from 2013

Net Income

Up

$13,430

Up $3,255 (+32%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $217,418Liabilities 2011: $44,8862011Assets 2012: $263,947Liabilities 2012: $66,405Net Assets 2012: $197,5422012Assets 2013: $289,794Liabilities 2013: $68,505Net Assets 2013: $221,2892013Assets 2014: $330,564Liabilities 2014: $81,300Net Assets 2014: $249,2642014Assets 2015: $305,848Liabilities 2015: $67,400Net Assets 2015: $238,4482015Assets 2016: $340,778Liabilities 2016: $57,450Net Assets 2016: $283,3282016Assets 2017: $345,870Liabilities 2017: $75,500Net Assets 2017: $270,3702017Assets 2018: $323,435Liabilities 2018: $40,750Net Assets 2018: $282,6852018Assets 2019: $324,268Liabilities 2019: $39,500Net Assets 2019: $284,7682019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$330,564
Liabilities$81,300
Net Assets$249,264

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $54,605Expenses 2011: $92,952Net Income 2011: -$38,3472011Revenue 2012: $123,209Expenses 2012: $116,350Net Income 2012: $6,8592012Revenue 2013: $99,219Expenses 2013: $89,044Net Income 2013: $10,1752013Revenue 2014: $109,638Expenses 2014: $96,208Net Income 2014: $13,4302014Revenue 2015: $85,912Expenses 2015: $86,141Net Income 2015: -$2292015Revenue 2016: $131,379Expenses 2016: $96,724Net Income 2016: $34,6552016Revenue 2017: $67,687Expenses 2017: $104,301Net Income 2017: -$36,6142017Revenue 2018: $83,926Expenses 2018: $75,789Net Income 2018: $8,1372018Revenue 2019: $100,123Expenses 2019: $98,040Net Income 2019: $2,0832019Revenue 2020: $16,910Expenses 2020: $37,261Net Income 2020: -$20,3512020

Highlighted filing

2014

Revenue$109,638
Expenses$96,208
Net Income$13,430
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jan 27, 2015
Return Version
2013v4.0
Gross Receipts
$258,384
Mission and Program Overview

Mission

To enrich life in colorado by supporting the arts. This is accomplished by raising funds to support the arts through grants and to educate our members and the community at large while developing individual and community support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$191,932$216,462▲ $24,530
Savings and Temporary Cash Investments$88,622$110,439▲ $21,817
Prepaid Expenses and Deferred Charges$9,240$3,663▼ $5,577
Total Assets$289,794$330,564▲ $40,770
Liabilities
Deferred Revenue$68,505$81,300▲ $12,795
Total Liabilities$68,505$81,300▲ $12,795
Net Assets / Fund Balance
Unrestricted Net Assets$221,289$249,264▲ $27,975
Total Net Assets Fund Balance$221,289$249,264▲ $27,975
Total Liabilities and Net Assets / Fund Balance$289,794$330,564▲ $40,770
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julie AndersonDebutane Ball Co-chair
Susan StiffJubilee Chairman
Lynn CahenCo President
Lynn HinkleCo President
Lynn WongPresident Elect
Lauri SpeichAdmin Secretary
Murri BishopDebutante Ball Advisor
Dananne SolomonDebutante Treasurer
Mary MellandGrants Liason
Kathy RobertsJubilee Treasurer
Maureen HaganRecording Secretary
Mary McnicholasVP Communications
Margo SchlupVP Development
Caroline SimpsonVP Finance
Diana PetrowVP Grants
Jane WiltshireVP Membersp
Gail NashVP Selections
Revenue and Support

Revenue Composition

Contributions and Grants
$64,867
Program Service Revenue
$0
Investment Income
$4,916
Other Revenue
$39,855
All Other Contributions
$33,466
Change in Net Assets
$13,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,750
Other Expenses$15,458
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$80,750--$80,750
Fees for Service Investment Mgmnt Fees-$2,718-$2,718
Fees for Services Accounting-$2,580-$2,580
Insurance-$2,161-$2,161
Advertising-$770-$770
Other Expenses-$216-$216
Total Functional Expenses$80,750$15,458$0$96,208
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
84-6038240-501c3-$10,000
84-0404231-501c3-$10,000
84-0510785-501c3-$7,500
84-0658142-501c3-$5,000
84-0771070-501c3-$5,000
84-1223229-501c3-$5,000
84-1123080-501c3-$3,750
84-0682417-501c3-$3,000
71-0891869-501c3-$3,000
84-0781725-501c3-$3,000
74-2210433-501c3-$3,000
84-1197230-501c3-$3,000
84-1450958-501c3-$2,500
84-0921510-501c3-$2,500
84-1583634-501c3-$2,500
84-0585621-501c3-$2,500
84-1559858-501c3-$2,000
23-7225165-501c3-$2,000
84-1121629-501c3-$2,000
74-2131692-501c3-$2,000
32-0102662-501c3-$1,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$188,601
Fundraising Direct Expenses$148,746
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$170,149$157,625$25,474$132,151
Event 2$42,888$30,976$3,613$27,363
Total Events$213,037$188,601$148,746$39,855
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Members have the right to attend meetings and events.

Member election for additional members Part VI line 7A

Members have the right to invite new members to join and can petition to be on the governing board and nominate board members.

Governing body decisions Part VI line 7B

The governing body decisions are announced at the regular meetings for discussion.

Form 990 governing body review Part VI line 11

Prepared by a cpa, reviewed by the treasurer and submitted to the bod.

Conflict of interest policy compliance Part VI line 12C

The faf has a conflict of interest policy with regard to conflicts with members, board and vendors which is monitored by the bod committee.

CEO executive director top management comp Part VI line 15A

There are no paid staff. The faf is entirely volunteers.

Governing documents etc available to public Part VI line 19

The governing documents are available to the public through the state registration web site or request from the organizantion.

Filing and Contact Details

Filer

EIN
74-2393879

Signing Officer

Name
Caroline Simpson
Title
VP Finance
Phone
3034008686
Signed
2015-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Wong
Formed
1985
Legal Domicile
Co
Voting Board Members
33
Independent Board Members
33
Employees
0
Volunteers
35

Preparer

Preparer
Evangeline Pell CPA
Phone
3034008686
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DEBUTANTE BALL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP SELECTIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP MEMBERSP
IRS990/Form990PartVIISectionAGrp/TitleTxt5CO PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6CO PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7ADMIN SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt10RECORDING SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT ELECT
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