Civic Intelligence

Cache Valley Center for the Arts

990 • Fiscal year 2015 • EIN 74-2550700

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

43 S MainLogan, UT 84321

(435) 753-6518

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

33rd percentile

0.04x

Higher debt load relative to revenue than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

55th percentile

4.5%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

39th percentile

$30,719

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

67th percentile

6.5%

Faster asset growth than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

1.0%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,179,594

Up $132,787 (+6.5%) from 2014

Net Assets

Up

$2,128,130

Up $143,457 (+7.2%) from 2014

Liabilities

Down

$51,464

Down $10,670 (-17%) from 2014

Revenue

Up

$1,216,769

Up $11,657 (+1.0%) from 2014

Expenses

Down

$1,162,258

Down $39,973 (-3.3%) from 2014

Net Income

Up

$54,511

Up $51,630 (+1792%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,173,511Liabilities 2011: $57,984Net Assets 2011: $2,115,5272011Assets 2012: $2,025,315Liabilities 2012: $152,447Net Assets 2012: $1,872,8682012Assets 2013: $1,973,596Liabilities 2013: $57,094Net Assets 2013: $1,916,5022013Assets 2014: $2,046,807Liabilities 2014: $62,134Net Assets 2014: $1,984,6732014Assets 2015: $2,179,594Liabilities 2015: $51,464Net Assets 2015: $2,128,1302015Assets 2016: $2,215,237Liabilities 2016: $47,620Net Assets 2016: $2,167,6172016Assets 2017: $2,604,027Liabilities 2017: $42,084Net Assets 2017: $2,561,9432017Assets 2018: $3,877,734Liabilities 2018: $41,902Net Assets 2018: $3,835,8322018Assets 2019: $4,961,761Liabilities 2019: $78,047Net Assets 2019: $4,883,7142019Assets 2020: $5,463,548Liabilities 2020: $129,489Net Assets 2020: $5,334,0592020Assets 2021: $6,652,060Liabilities 2021: $124,709Net Assets 2021: $6,527,3512021Assets 2022: $6,857,543Liabilities 2022: $36,092Net Assets 2022: $6,821,4512022Assets 2023: $7,265,998Liabilities 2023: $48,353Net Assets 2023: $7,217,6452023Assets 2024: $7,782,469Liabilities 2024: $78,008Net Assets 2024: $7,704,4612024

Highlighted filing

2015

Assets$2,179,594
Liabilities$51,464
Net Assets$2,128,130

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,234,740Expenses 2011: $1,180,602Net Income 2011: $54,1382011Revenue 2012: $1,126,872Expenses 2012: $1,337,200Net Income 2012: -$210,3282012Expenses 2013: $1,351,7032013Revenue 2014: $1,205,112Expenses 2014: $1,202,231Net Income 2014: $2,8812014Revenue 2015: $1,216,769Expenses 2015: $1,162,258Net Income 2015: $54,5112015Revenue 2016: $1,175,309Expenses 2016: $1,119,560Net Income 2016: $55,7492016Revenue 2017: $1,496,693Expenses 2017: $1,116,752Net Income 2017: $379,9412017Revenue 2018: $2,904,187Expenses 2018: $1,653,773Net Income 2018: $1,250,4142018Revenue 2019: $2,350,367Expenses 2019: $1,350,476Net Income 2019: $999,8912019Revenue 2020: $1,737,921Expenses 2020: $1,287,576Net Income 2020: $450,3452020Revenue 2021: $2,240,065Expenses 2021: $1,046,773Net Income 2021: $1,193,2922021Revenue 2022: $1,813,998Expenses 2022: $1,519,898Net Income 2022: $294,1002022Revenue 2023: $2,347,109Expenses 2023: $1,950,915Net Income 2023: $396,1942023Revenue 2024: $2,196,990Expenses 2024: $1,710,174Net Income 2024: $486,8162024

Highlighted filing

2015

Revenue$1,216,769
Expenses$1,162,258
Net Income$54,511
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$1,223,313
Mission and Program Overview

Mission

The mission of the cache valley center for the arts is to bring cultural enrichment to the people of the extended cache valley community by presenting, exhibiting, teaching and fostering quality fine arts experiences and facilitating other appropriate uses of the elle eccles theatre, thatcher-young mansion, and bullen center, that will encourage widespread community access, tourism, and economic development.

The mission of the cache valley center for the arts is to bring cultural enrichment to the people of the extended cache valley community by presenting, exhibiting, teaching and fostering quality fine arts experiences and facilitating other appropriate uses of the ellen eccles theatre, thatcher-young mansion, and bullen center, that will encourage widespread community access, tourism, and economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,156,560$1,142,533▼ $14,027
Land, Buildings, and Equipment, Net$520,098$699,445▲ $179,347
Savings and Temporary Cash Investments$263,831$218,690▼ $45,141
Pledges and Grants Receivable$10,470$93,292▲ $82,822
Cash and Non-Interest-Bearing Accounts$82,289$11,679▼ $70,610
Prepaid Expenses and Deferred Charges$12,618$9,727▼ $2,891
Accounts Receivable$587$3,874▲ $3,287
Inventories for Sale or Use$354$354→ $0
Total Assets$2,046,807$2,179,594▲ $132,787
Liabilities
Accounts Payable and Accrued Expenses$62,134$51,464▼ $10,670
Total Liabilities$62,134$51,464▼ $10,670
Net Assets / Fund Balance
Unrestricted Net Assets$1,153,418$1,308,675▲ $155,257
Permanently Rstr Net Assets$759,455$759,455→ $0
Temporarily Rstr Net Assets$71,800$60,000▼ $11,800
Total Net Assets Fund Balance$1,984,673$2,128,130▲ $143,457
Total Liabilities and Net Assets / Fund Balance$2,046,807$2,179,594▲ $132,787

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$580,429$135,662$716,091
Equipment$119,016$474,284$593,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,024,508-▼ $7,711-$1,011,216
2013$947,601-▲ $76,907-$1,024,508
2012$810,968-▲ $136,633-$947,601
2011$768,685-▲ $42,283-$810,968
2010$768,685-▲ $101,464-$768,685
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendi HassanExecutive DiFT$28,077$2,642$30,719
-Executive DiFT$21,984$2,654$24,638

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$506,166
Program Service Revenue
$535,573
Investment Income
$3,889
Other Revenue
$171,141
All Other Contributions
$433,666
Change in Net Assets
$54,511

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$49,500Fair Market Value
Total Noncash Contributions1$49,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,216,769
Revenue Not Reported on Form 990
$198,275
Total Revenue per Audited Statements
$1,415,044
Total Revenue per Form 990
$1,216,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$633,149
Salaries, Compensation, and Employee Benefits$529,109
Total Fundraising Expense$11,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$284,636$92,314$7,693$384,643
Occupancy$85,534$43,545-$129,079
Advertising$77,899--$77,899
Current Officers, Directors, Trustees, and Key Employees$40,964$13,286$1,107$55,357
Depreciation Depletion$48,767$2,567-$51,334
Other Employee Benefits$35,280$11,442$954$47,676
Payroll Taxes$30,660$9,944$829$41,433
Fees for Services Management-$20,486-$20,486
Office Expenses$5,529$6,911$1,382$13,822
Other Expenses$5,253$5,253-$10,506
Travel$6,530--$6,530
Insurance$4,068$2,004-$6,072
Fees for Services Accounting-$3,500-$3,500
All Other Expenses$1,490$1,490-$2,980
Total Functional Expenses$937,551$212,742$11,965$1,162,258

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,271,587
Expenses per Audited Statements$1,162,258
Total Expenses per Form 990$1,162,258
Expenses Not Reported on Form 990$109,329
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

Each board member is provided a copy of the form 990 prior to its filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Each director signs a conflict of interest policy annually. All organizational policies, including the conflict of interest policy, are reviewed at least annually.

Form 990, Page 6, Part VI, Line 15A

In regard to the compensation of the executive director, the board's executive committee will review the director's performance and recommed a salary range based on market conditions, company performance, executive directors' salaries of comparative non-profit organizations, and other intrinsic factors. The board reviews the executive committee's comments and makes a decision.

Form 990, Page 6, Part VI, Line 19

Any governing documnets, the conflict of interest policy, and financial statements are made available to the public by request only.

Filing and Contact Details

Filer

Filer Name
Cache Valley Center for the Arts
EIN
74-2550700
Phone
4357536518
Address
43 S MAIN, LOGAN, UT 84321

Signing Officer

Name
Rick Arnell
Title
Treasurer
Phone
4357536518
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Arnell
Formed
1989
Legal Domicile
Ut
Voting Board Members
16
Independent Board Members
16
Employees
73
Volunteers
250

Preparer

Firm
Matthew Regen CPA Pc
Address
580 N MAIN ST STE 150, LOGAN, UT 84321-3695
Preparer
Matthew Regen
Phone
4357524864
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the cache valley center for the arts is to bring cultural enrichment to the people of the extended cache valley community by presenting, exhibiting, teaching and fostering quality fine arts experiences and facilitating other appropriate uses of the ellen eccles theatre, thatcher-young mansion, and bullen center, that will encourage widespread community access, tourism, and economic development.

Form 990, Part XI, Line 9

Accrual to cash - a/r 86,109 accrual to cash - a/p 10,671

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Accrual to cash - a/r 86,109

Schedule D, Page 4, Part XII, Line 2D

Accrual to cash - a/p -10,671

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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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IRS990/MissionDesc0THE MISSION OF THE CACHE VALLEY CENTER FOR THE ARTS IS TO BRING CULTURAL ENRICHMENT TO THE PEOPLE OF THE EXTENDED CACHE VALLEY COMMUNITY BY PRESENTING, EXHIBITING, TEACHING AND FOSTERING QUALITY FINE ARTS EXPERIENCES AND FACILITATING OTHER APPROPRIATE USES OF THE ELLEN ECCLES THEATRE, THATCHER-YOUNG MANSION, AND BULLEN CENTER, THAT WILL ENCOURAGE WIDESPREAD COMMUNITY ACCESS, TOURISM, AND ECONOMIC DEVELOPMENT.
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IRS990/OtherExpensesGrp/Desc2BANK AND CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3TELEPHONE
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN FY15 8,996 PEOPLE ATTENDED 413 ARTS COURSES AT THE CENTER FOR THE ARTS INCLUDING CREATIVE DRAMA, CERAMICS, DANCE, MUSIC, VISUAL ARTS, PAINTING, GUITAR, PIANO, MAGIC, AND PHOTOGRAPHY. SOME CLASSES ARE ORGANIZED BY CVCA, SOME ARE FISCALLY SPONSORED AND OTHERS RENT SUBSIDIZED SPACE IN THE BUILDING. NATIONAL TOURING ARTISTS WITH THE CVCA PRESENTS SEASON GAVE WORKSHOPS TO 1,425 PEOPLE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CONCESSION INCOME FOR LAST 5 YRS 72,346
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0429782
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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.$7.78$0.08$7.70$2.20$1.71$0.49
2023Detailed filing. Detailed filing data is available for this year.$7.27$0.05$7.22$2.35$1.95$0.40
2022Detailed filing. Detailed filing data is available for this year.$6.86$0.04$6.82$1.81$1.52$0.29
2021Detailed filing. Detailed filing data is available for this year.$6.65$0.12$6.53$2.24$1.05$1.19
2020Detailed filing. Detailed filing data is available for this year.$5.46$0.13$5.33$1.74$1.29$0.45
2019Detailed filing. Detailed filing data is available for this year.$4.96$0.08$4.88$2.35$1.35$1.00
2018Detailed filing. Detailed filing data is available for this year.$3.88$0.04$3.84$2.90$1.65$1.25
2017Detailed filing. Detailed filing data is available for this year.$2.60$0.04$2.56$1.50$1.12$0.38
2016Detailed filing. Detailed filing data is available for this year.$2.22$0.05$2.17$1.18$1.12$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.18$0.05$2.13$1.22$1.16$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.05$0.06$1.98$1.21$1.20$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$0.06$1.92$1.35
2012Summary only. Only limited summary data is available for this year.$2.03$0.15$1.87$1.13$1.34$0.21
2011Summary only. Only limited summary data is available for this year.$2.17$0.06$2.12$1.23$1.18$0.05