Civic Intelligence

Cache Valley Center for the Arts

990 • Fiscal year 2017 • EIN 74-2550700

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 08, 2017

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

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$70,800

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

27%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,604,027

Up $388,790 (+18%) from 2016

Net Assets

Up

$2,561,943

Up $394,326 (+18%) from 2016

Liabilities

Down

$42,084

Down $5,536 (-12%) from 2016

Revenue

Up

$1,496,693

Up $321,384 (+27%) from 2016

Expenses

Down

$1,116,752

Down $2,808 (-0.3%) from 2016

Net Income

Up

$379,941

Up $324,192 (+582%) from 2016

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

2017

Assets$2,604,027
Liabilities$42,084
Net Assets$2,561,943

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

2017

Revenue$1,496,693
Expenses$1,116,752
Net Income$379,941
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 8, 2017
Return Version
2016v3.1
Gross Receipts
$1,502,845
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
Savings and Temporary Cash Investments$130,202$1,239,211▲ $1,109,009
Land, Buildings, and Equipment, Net$683,369$712,436▲ $29,067
Cash and Non-Interest-Bearing Accounts$125,829$273,420▲ $147,591
Investments in Publicly Traded Securities$1,103,591$257,068▼ $846,523
Pledges and Grants Receivable$165,000$107,031▼ $57,969
Accounts Receivable$4,643$11,651▲ $7,008
Prepaid Expenses and Deferred Charges$1,709$1,746▲ $37
Inventories for Sale or Use$894$1,464▲ $570
Total Assets$2,215,237$2,604,027▲ $388,790
Liabilities
Deferred Revenue-$40,818-
Accounts Payable and Accrued Expenses$47,620$1,266▼ $46,354
Total Liabilities$47,620$42,084▼ $5,536
Net Assets / Fund Balance
Unrestricted Net Assets$1,348,162$1,366,115▲ $17,953
Permanently Rstr Net Assets$759,455$759,455→ $0
Temporarily Rstr Net Assets$60,000$436,373▲ $376,373
Total Net Assets Fund Balance$2,167,617$2,561,943▲ $394,326
Total Liabilities and Net Assets / Fund Balance$2,215,237$2,604,027▲ $388,790

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$413,866$318,375$732,241
Equipment$298,570$389,125$687,695

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$993,349-▲ $18,094-$1,011,443
2015$1,011,216-▼ $17,867-$993,349
2014$1,024,508-▼ $7,711-$1,011,216
2013$947,601-▲ $76,907-$1,024,508
2012$810,968-▲ $136,633-$947,601
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-Executive DiFT$70,800$70,800

Board Members and Trustees

NameTitle
Bruce CookChairman
Richie CallVice-chairma
Angie PetersonTrustee
Danny RussellTrustee
Gary OlsenTrustee
Joe SaxtonTrustee
Kris BecksteadTrustee
Kristie CooleyTrustee
Shane LarsonTrustee
Shawn BaileyTrustee
Steve NeeleyTrustee
Sue MeasomTrustee
Teresa TheurerTrustee
Tom JensenTrustee
Wendi HassanTrustee
Rick ArnellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$834,461
Program Service Revenue
$483,584
Investment Income
$3,709
Other Revenue
$174,939
All Other Contributions
$611,961
Change in Net Assets
$379,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,496,693
Revenue Not Reported on Form 990
$175,605
Total Revenue per Audited Statements
$1,672,298
Total Revenue per Form 990
$1,496,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,052
Salaries, Compensation, and Employee Benefits$521,700
Total Fundraising Expense$45,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$323,768$9,132$26,917$359,817
Occupancy$86,057$50,210-$136,267
Current Officers, Directors, Trustees, and Key Employees$31,860$31,860$7,080$70,800
Other Employee Benefits$44,023$5,075$4,211$53,309
Advertising$47,247-$3,044$50,291
Depreciation Depletion$45,592$2,400-$47,992
Payroll Taxes$30,896$3,894$2,984$37,774
Other Expenses$5,621$5,620-$11,241
Office Expenses$3,267$4,083$817$8,167
Insurance$4,724$2,327-$7,051
Travel$5,502--$5,502
Fees for Services Accounting-$3,750-$3,750
All Other Expenses$1,824$1,824-$3,648
Fees for Service Investment Mgmnt Fees-$1,991-$1,991
Total Functional Expenses$949,533$122,166$45,053$1,116,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,277,972
Expenses per Audited Statements$1,116,752
Total Expenses per Form 990$1,116,752
Expenses Not Reported on Form 990$161,220
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 which is kept on file. 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 recommend 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 documents, 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
2017-11-08
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
179

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.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Cache valley center for the arts endowment funds are intended for annual general operating expenses.

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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/PrincipalOfficerNm0RICK ARNELL
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN FY17 32,487 PEOPLE ATTENDED 2,121 ARTS CLASSES AND COMMUNITY USER EVENTS AT THE CENTER FOR THE ARTS. THESE CLASSES INCLUDED CREATIVE DRAMA, CERAMICS, DANCE, MUSIC, PAINTING, DRAWING, GUITAR, PIANO, MAGIC, AND PHOTOGRAPHY. SOME CLASSES ARE ORGANIZED BY CACHEARTS, SOME ARE FISCALLY SPONSORED, AND OTHERS RENT SUBSIDIZED SPACE IN THE BUILDING. NATIONAL TOURING ARTISTS WITH CACHEARTS PRESENTS SEASON GAVE WORKSHOPS TO 119 PEOPLE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CONCESSION INCOME FOR LAST 5 YRS 38,928
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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