Civic Intelligence

Imagine Art Inc.

990 • Fiscal year 2023 • EIN 74-3010913

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 09, 2024

PO Box 29687Austin, TX 78731

(512) 448-1840

Siviq Scores

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

Liabilities / Assets

89th percentile

0.71x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.12x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

34th percentile

-2.4%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$67,761

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

81st percentile

28%

Faster asset growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$413,311

Up $89,821 (+28%) from 2022

Net Assets

Down

$121,670

Down $112,031 (-48%) from 2022

Liabilities

Up

$291,641

Up $201,852 (+225%) from 2022

Revenue

Up

$2,412,430

Up $539,489 (+29%) from 2022

Expenses

Up

$2,470,121

Up $611,282 (+33%) from 2022

Net Income

Down

-$57,691

Down $71,793 (-509%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $37,885Liabilities 2011: $6,242Net Assets 2011: $31,6432011Assets 2012: $88,315Liabilities 2012: $6,344Net Assets 2012: $81,9712012Assets 2013: $86,264Liabilities 2013: $3,770Net Assets 2013: $82,4942013Assets 2014: $79,159Liabilities 2014: $0Net Assets 2014: $79,1592014Assets 2015: $142,380Liabilities 2015: $20,149Net Assets 2015: $122,2312015Assets 2016: $118,179Liabilities 2016: $17,769Net Assets 2016: $100,4102016Assets 2017: $145,698Liabilities 2017: $58,549Net Assets 2017: $87,1492017Assets 2018: $155,511Liabilities 2018: $20,091Net Assets 2018: $135,4202018Assets 2020: $268,505Liabilities 2020: $161,172Net Assets 2020: $107,3332020Assets 2021: $206,843Liabilities 2021: $60,791Net Assets 2021: $146,0522021Assets 2022: $323,490Liabilities 2022: $89,789Net Assets 2022: $233,7012022Assets 2023: $413,311Liabilities 2023: $291,641Net Assets 2023: $121,6702023Assets 2024: $224,615Liabilities 2024: $134,152Net Assets 2024: $90,4632024

Highlighted filing

2023

Assets$413,311
Liabilities$291,641
Net Assets$121,670

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $274,159Expenses 2011: $327,624Net Income 2011: -$53,4652011Revenue 2012: $282,755Expenses 2012: $250,245Net Income 2012: $32,5102012Revenue 2013: $273,877Expenses 2013: $273,354Net Income 2013: $5232013Revenue 2014: $373,135Expenses 2014: $334,257Net Income 2014: $38,8782014Revenue 2015: $316,203Expenses 2015: $356,050Net Income 2015: -$39,8472015Revenue 2016: $417,444Expenses 2016: $403,506Net Income 2016: $13,9382016Revenue 2017: $399,014Expenses 2017: $443,413Net Income 2017: -$44,3992017Revenue 2018: $773,473Expenses 2018: $720,840Net Income 2018: $52,6332018Revenue 2020: $1,275,164Expenses 2020: $1,226,062Net Income 2020: $49,1022020Revenue 2021: $1,454,359Expenses 2021: $1,415,640Net Income 2021: $38,7192021Revenue 2022: $1,872,941Expenses 2022: $1,858,839Net Income 2022: $14,1022022Revenue 2023: $2,412,430Expenses 2023: $2,470,121Net Income 2023: -$57,6912023Revenue 2024: $2,753,507Expenses 2024: $2,784,714Net Income 2024: -$31,2072024

Highlighted filing

2023

Revenue$2,412,430
Expenses$2,470,121
Net Income-$57,691
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 9, 2024
Return Version
2022v5.0
Gross Receipts
$2,419,566
Mission and Program Overview

Mission

We leverage art and place; empowering artists with disabilities who become creative catalysts for changing system of day habilitation; long-term care, peer support, and affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$99,077-
Cash and Non-Interest-Bearing Accounts$92,804$84,747▼ $8,057
Pledges and Grants Receivable$139,274$50,325▼ $88,949
Land, Buildings, and Equipment, Net$0$7,449▲ $7,449
Savings and Temporary Cash Investments$5,099$5,121▲ $22
Prepaid Expenses and Deferred Charges-$2,600-
Total Assets$323,490$413,311▲ $89,821
Other Assets Total$86,313$163,992▲ $77,679
Liabilities
Other Liabilities$5,099$138,449▲ $133,350
Accounts Payable and Accrued Expenses$84,690$100,384▲ $15,694
Deferred Revenue-$52,808-
Total Liabilities$89,789$291,641▲ $201,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$219,118$121,670▼ $97,448
Total Net Assets Fund Balance$233,701$121,670▼ $112,031
Total Liabilities and Net Assets / Fund Balance$323,490$413,311▲ $89,821

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,954$662$6,616
Buildings$0--
Other Land Buildings$0--
Land$0--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022----$0
2021----$0
2020----$0
2019----$0
2018----$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Debbie KizerCEOFT$67,761$67,761

Board Members and Trustees

NameTitle
Rick WellsBoard Chair
Janet SibertVice Chair
John MolinaBoard Member
Kristin WeberBoard Member
Thalia BaudinBoard Member
Cori Sophia PonceSecretary
Mike MeleskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$659,056
Program Service Revenue
$1,609,991
Investment Income
$18
Other Revenue
$143,365
All Other Contributions
$48,091
Change in Net Assets
$-57,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,507,211
Salaries, Compensation, and Employee Benefits$962,910
Total Fundraising Expense$14,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,050,246--$1,050,246
Other Salaries and Wages$746,574$56,809$6,410$809,793
Occupancy$189,394$14$48$189,456
Payroll Taxes$74,266$10,008-$84,274
Office Expenses$65,632$381$2,849$68,862
Current Officers, Directors, Trustees, and Key Employees$59,714$8,047-$67,761
Fees for Services Accounting$25,695$3,741$3,119$32,555
All Other Expenses$11,944$404$0$12,348
Insurance$7,497$171$922$8,590
Travel$6,175--$6,175
Other Expenses$2,175$169$610$2,175
Other Employee Benefits$953$129-$1,082
Depreciation Depletion$431$14$52$497
Interest$90$3$11$104
Total Functional Expenses$2,376,210$79,890$14,021$2,470,121

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
No
Audit committee
Yes
Backup withholding compliance
Yes
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
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

Part VI, Section A, Line 8B:

There are no committees with authority to act on behalf of the governing body.

Part VI, Section B, Line 11B:

The Form 990 is reviewed by CFO and CEO, and the entire board of directors prior to filing.

Part VI, Section B, Line 12C:

Board, staff and AC members are asked to disclose conflicts of interest, but this is not in writing with signatures. We ask others to consider conflicts and notify us, but we do not routinely inquire.

Part VI, Section B, Line 15A:

CEO compensation is determined and voted on by the board of directors. All other salary amounts are determined by the CEO and do not require a board vote. Full-time positions are pre-approved at the start of the fiscal year with the budget.

Part VI, Section C, Line 19:

Governing documents, conflict of interest policy, and financial information is available upon request.

Filing and Contact Details

Filer

Filer Name
Imagine Art
EIN
74-3010913
Phone
5124481840
Address
PO Box 29687, Austin, TX 78731

Signing Officer

Name
Debbie Kizer
Title
CEO
Phone
5125542406
Signed
2024-08-09
Discuss with paid preparer
No

Organization Details

Formed
1997
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
77
Volunteers
25

Preparer

Firm
Montemayor Britton Bender Pc
Address
2110 B Boca Raton Suite B 102, Austin, TX 78747
Preparer
Stacy Britton
Phone
5124420380
Supplemental Narrative

Additional Explanations

Part I, Line 1:

Description of organization's mission: For changing system of day habilitation; long-term care, peer support, and affordable housing.

Part XI, Line 8:

The prior period adjustment of $-54,340 is to restate the beginning of the year interest in the Bingo Unit, which was overstated in the prior year.

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IRS990/OtherExpensesGrp/TotalAmt22556
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IRS990/OtherRevenueTotalAmt057170
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06410
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt056809
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0746574
IRS990/OtherSalariesAndWagesGrp/TotalAmt0809793
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010008
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00

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