Civic Intelligence

K Space Contemporary

990 • Fiscal year 2015 • EIN 74-3006446

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 19, 2016

415D Starr StreetCorpus Christi, TX 78401

(361) 549-6327

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

52nd percentile

3.9%

Higher net margin than 52% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$1,277

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

59th percentile

7.2%

Faster revenue growth than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$82,294

Up $8,772 (+12%) from 2014

Net Assets

Up

$78,662

Up $9,736 (+14%) from 2014

Liabilities

Down

$3,632

Down $964 (-21%) from 2014

Revenue

Up

$252,669

Up $16,865 (+7.2%) from 2014

Expenses

Up

$242,933

Up $29,924 (+14%) from 2014

Net Income

Down

$9,736

Down $13,059 (-57%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $5,401Liabilities 2011: $02011Assets 2012: $29,942Liabilities 2012: $1,6052012Assets 2013: $47,560Liabilities 2013: $1,4272013Assets 2014: $73,522Liabilities 2014: $4,596Net Assets 2014: $68,9262014Assets 2015: $82,294Liabilities 2015: $3,632Net Assets 2015: $78,6622015Assets 2016: $71,621Liabilities 2016: $2,258Net Assets 2016: $69,3632016Assets 2017: $72,306Liabilities 2017: $2,244Net Assets 2017: $70,0622017Assets 2018: $82,010Liabilities 2018: $1,599Net Assets 2018: $80,4112018Assets 2019: $99,538Liabilities 2019: $2,913Net Assets 2019: $96,6252019Assets 2020: $61,283Liabilities 2020: $2,538Net Assets 2020: $58,7452020Assets 2021: $85,594Liabilities 2021: $5,751Net Assets 2021: $79,8432021Assets 2022: $129,912Liabilities 2022: $15,596Net Assets 2022: $114,3162022Assets 2023: $126,951Liabilities 2023: $11,100Net Assets 2023: $115,8512023Assets 2024: $125,988Liabilities 2024: $5,442Net Assets 2024: $120,5462024

Highlighted filing

2015

Assets$82,294
Liabilities$3,632
Net Assets$78,662

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $45,653Expenses 2011: $53,742Net Income 2011: -$8,0892011Revenue 2012: $101,003Expenses 2012: $78,394Net Income 2012: $22,6092012Revenue 2013: $100,534Expenses 2013: $82,751Net Income 2013: $17,7832013Revenue 2014: $235,804Expenses 2014: $213,009Net Income 2014: $22,7952014Revenue 2015: $252,669Expenses 2015: $242,933Net Income 2015: $9,7362015Revenue 2016: $231,496Expenses 2016: $240,795Net Income 2016: -$9,2992016Revenue 2017: $246,444Expenses 2017: $245,745Net Income 2017: $6992017Revenue 2018: $277,695Expenses 2018: $267,346Net Income 2018: $10,3492018Revenue 2019: $281,861Expenses 2019: $265,647Net Income 2019: $16,2142019Revenue 2020: $93,396Expenses 2020: $131,276Net Income 2020: -$37,8802020Revenue 2021: $189,581Expenses 2021: $168,483Net Income 2021: $21,0982021Revenue 2022: $372,809Expenses 2022: $338,337Net Income 2022: $34,4722022Revenue 2023: $371,673Expenses 2023: $370,138Net Income 2023: $1,5352023Revenue 2024: $390,883Expenses 2024: $386,188Net Income 2024: $4,6952024

Highlighted filing

2015

Revenue$252,669
Expenses$242,933
Net Income$9,736
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 19, 2016
Return Version
2015v2.1
Gross Receipts
$262,938
Mission and Program Overview

Mission

Education & promotion of cultural fine arts to the local communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,100$48,853▼ $7,247
Accounts Receivable$4,872$19,162▲ $14,290
Land, Buildings, and Equipment, Net$9,049$8,879▼ $170
Inventories for Sale or Use$3,500$5,400▲ $1,900
Total Assets$73,521$82,294▲ $8,773
Liabilities
Other Liabilities$4,595$3,632▼ $963
Total Liabilities$4,595$3,632▼ $963
Net Assets / Fund Balance
Unrestricted Net Assets$68,926$78,662▲ $9,736
Total Net Assets Fund Balance$68,926$78,662▲ $9,736
Total Liabilities and Net Assets / Fund Balance$73,521$82,294▲ $8,773

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,483$2,599$7,082
Leasehold Improvements$4,396$1,710$6,106
Compensation and Service Providers

Employees

NameTitleBaseTotal
Day WheelerBoard Member$1,277$1,277
Jennifer ArnoldPresident /$867$867
Gerald LopezBoard Member$673$673
Lynda JonesVice Chair$643$643

Board Members and Trustees

NameTitle
Andrea ValentiBoard Member
Audrey EdenBoard Member
Courtney BraccoBoard Member
Deborah GreerBoard Member
Greg ReuterBoard Member
Honorable Robert C PateBoard Member
Jack GronBoard Member
James MoltzBoard Member
Omar LopezBoard Member
Rebecca JamesBoard Member
Robin SimsBoard Member
Rosa VillarrealBoard Member
Sandra AlvarezBoard Member
Scott EllisonBoard Member
Tristan SchoberBoard Member
Vasu Mistry-bergerBoard Member
Tinker TrombleyBusiness CHA
Revenue and Support

Revenue Composition

Contributions and Grants
$114,527
Program Service Revenue
$124,146
Investment Income
$514
Other Revenue
$13,482
All Other Contributions
$66,222
Change in Net Assets
$9,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,963
Salaries, Compensation, and Employee Benefits$74,970
Total Fundraising Expense$4,285
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,944$65,698-$69,642
Fees for Services Other$42,731-$300$43,031
All Other Expenses$16,952$5,826$3,692$26,470
Occupancy$4,200$10,970-$15,170
Office Expenses$3,079$6,626$293$9,998
Insurance$4,659$964-$5,623
Payroll Taxes$320$5,008-$5,328
Other Expenses$4,589--$4,589
Depreciation Depletion-$2,850-$2,850
Fees for Services Accounting-$750-$750
Advertising$545$180-$725
Conferences and Meetings-$217-$217
Total Functional Expenses$139,559$99,089$4,285$242,933
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,328
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$3,047
Sales Tax Payable$585
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

No review was or will be conducted.

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

Executive directors compensation is set and approved by the bod.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
K Space Contemporary
EIN
74-3006446
Phone
3615496327
Address
415D STARR STREET, CORPUS CHRISTI, TX 78401

Signing Officer

Name
V Michelle Smythe
Title
Executive Director
Phone
3618876834
Signed
2016-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tinker Trombley
Formed
2001
Legal Domicile
TX
Voting Board Members
21
Independent Board Members
0
Employees
4
Volunteers
20

Preparer

Firm
Evelyn S Eidem CPA Pc
Address
PO BOX 9904, CHESAPEAKE, VA 23321
Preparer
Evelyn S Eidem CPA
Phone
3614436886
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Contemporary art month was held during march with 220 artists and 27 businesses participating along with local art organizations and colleges. Artwork was installed in businesses all over the city to promote local artists. An estimated 10,000 people viewed the artwork.

Form 990, Page 2, Part III, Line 4B

People. An altar exhibition was created at the ritz theater by 6 local youth groups and 3 artists. Approximately 600 visitors left messages for deceased loved ones on the rememberance wall which was visited by approx. 6,000 people. Art exhibitions consisted of: "fables & folktales of south texas- and "extravagancia de pinatas". An estimated 50,000 people attended. The loteria corpus christi public mural phase 2, opened october 2nd with 1,591 in attendance, was created by 30 south texas artists on a downtown building wall and is available for viewing by the general public. An estimated 30,000-40,000 people will view the mural annually.

Form 990, Part IX, Line 11G

Dia del los muertos festiva event services 14,245 0 0 0 0 0 loteria mural contract services 18,175 0 0 0 0 0 gallery/exhibition sales contract services 450 0 0 0 0 0 educational workshops instructor fees 9,721 0 0 contract services 140 0 0 0 0 0 wig out fundraiser contract services 0 0 300

Form 990, Part IX, Line 24E

Art supplies 3,338 0 0 awards 3,250 0 0 operating supplies 0 0 2,806 telephone 0 2,654 0 art supplies 2,409 0 0 art supplies 2,117 0 0 licenses & fees 1,974 0 0 equipment rental 1,079 0 0 reception supplies 0 918 0 awards 900 0 0 operating supplies 786 0 0 equipment rental 0 0 746 payroll processing fees 0 612 0 operating supplies 0 552 0 operating supplies 515 0 0 membership dues 0 485 0 operating supplies 434 0 0 licenses & permits 0 231 0 volunteer appreciation 0 171 0 entertainer fees 150 0 0 entertainer fees 0 0 140 telephone 0 115 0 penalties 0 88 0

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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATIONAL PROGRAMS OFFER OPPORTUNITY TO ANYONE INTERESTED IN LEARNING ABOUT ART AS WELL AS THOSE TRYING TO IMPROVE THEIR ART SKILLS. A SUMMER ART CAMP FOR 48 LOCAL YOUTH AGES 11-16 WAS HELD DURING JUNE AND JULY AND OFFERED CLASSES IN ANIME, PHOTOGRAPHY, DRAWING, PAINTING, PRINTMAKING AND PAPIER MACHE. GALLERY LECTURES, DEMONSTRATIONS AND WORKSHOPS ARE HELD THOUGHOUT THE YEAR BY EXHIBITING ARTISTS AND AVAILABLE TO ALL AGES. THE ART EDUCATION OUTREACH PROGRAM RAN FROM MARCH THROUGH SEPTEMBER AND WAS ATTENDED BY 3,800 STUDENTS AND SENIORS. THE PROGRAM BRINGS HANDS-ON MULTI-DISCIPLINARY ART PROJECTS AND PERFORMANCES INTO K-12 CLASSROOMS AND SENIOR RETIREMENT CENTERS.
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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.$1.26$0.05$1.21$3.91$3.86$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.11$1.16$3.72$3.70$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.30$0.16$1.14$3.73$3.38$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.06$0.80$1.90$1.68$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.03$0.59$0.93$1.31$0.38
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.97$2.82$2.66$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.02$0.80$2.78$2.67$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.02$0.70$2.46$2.46$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.02$0.69$2.31$2.41$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.04$0.79$2.53$2.43$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.05$0.69$2.36$2.13$0.23
2013Summary only. Only limited summary data is available for this year.$0.48$0.01$1.01$0.83$0.18
2012Summary only. Only limited summary data is available for this year.$0.30$0.02$1.01$0.78$0.23
2011Summary only. Only limited summary data is available for this year.$0.05$0.00$0.46$0.54$0.08