Civic Intelligence

Madi World Art Foundation

990 • Fiscal year 2013 • EIN 75-2950156

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 30, 2014

3109 Carlisle StreetDallas, TX 75204-1194

(214) 855-7802

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

49th percentile

2.5%

Higher net margin than 49% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

37th percentile

-1.2%

Faster asset growth than 37% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

22nd percentile

-9.7%

Faster revenue growth than 22% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2013

Assets

Down

$895,065

Down $11,184 (-1.2%) from 2012

Net Assets

Up

$892,270

Up $5,653 (+0.6%) from 2012

Liabilities

Down

$2,795

Down $16,837 (-86%) from 2012

Revenue

$223,613

No earlier filing loaded for comparison.

Expenses

Up

$217,960

Up $31,875 (+17%) from 2012

Net Income

$5,653

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $837,198Liabilities 2011: $1,741Net Assets 2011: $835,4572011Assets 2012: $906,249Liabilities 2012: $19,632Net Assets 2012: $886,6172012Assets 2013: $895,065Liabilities 2013: $2,795Net Assets 2013: $892,2702013Assets 2014: $920,332Liabilities 2014: $3,892Net Assets 2014: $916,4402014Assets 2015: $922,905Liabilities 2015: $8,233Net Assets 2015: $914,6722015Assets 2016: $1,016,047Liabilities 2016: $6,595Net Assets 2016: $1,009,4522016Assets 2017: $1,064,562Liabilities 2017: $1,377Net Assets 2017: $1,063,1852017Assets 2018: $1,116,633Liabilities 2018: $0Net Assets 2018: $1,116,6332018Assets 2019: $1,286,593Liabilities 2019: $0Net Assets 2019: $1,286,5932019Assets 2020: $1,302,555Liabilities 2020: $0Net Assets 2020: $1,302,5552020

Highlighted filing

2013

Assets$895,065
Liabilities$2,795
Net Assets$892,270

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $274,417Expenses 2011: $182,292Net Income 2011: $92,1252011Expenses 2012: $186,0852012Revenue 2013: $223,613Expenses 2013: $217,960Net Income 2013: $5,6532013Revenue 2014: $213,496Expenses 2014: $189,326Net Income 2014: $24,1702014Revenue 2015: $209,797Expenses 2015: $211,565Net Income 2015: -$1,7682015Revenue 2016: $259,104Expenses 2016: $164,324Net Income 2016: $94,7802016Revenue 2017: $259,122Expenses 2017: $206,338Net Income 2017: $52,7842017Revenue 2018: $216,895Expenses 2018: $163,447Net Income 2018: $53,4482018Revenue 2019: $345,509Expenses 2019: $175,549Net Income 2019: $169,9602019Revenue 2020: $138,334Expenses 2020: $122,372Net Income 2020: $15,9622020

Highlighted filing

2013

Revenue$223,613
Expenses$217,960
Net Income$5,653
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 30, 2014
Return Version
2013v3.1
Gross Receipts
$223,613
Mission and Program Overview

Mission

The Museum educates the community about MADI art and 20th and 21st century geometric art through art workshops for students and seniors, through Arcadia Salon discussions, and by having four temporary exhibits yearly that include both local and international artists. The MADI art movement began in South America, so the permanent collection prominently features Latino artists, but has many regional, European, Japanese and Russian artists as well.

Mission is to exhibit MADI and related styles of 20th and 21st century geometric art. This art is abstract, geometric, hard-edged, and often has kinetic or optical features. The Museum has a permanent collection and holds four temporary exhibits yearly, some of international and others of regional artists. Six to eight Arcadia Salon discussion groups are held yearly, and workshops are held for students and seniors. All age groups in the community are thus educated.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$85,547$81,613▼ $3,934
Land, Buildings, and Equipment, Net$56,000--
Cash and Non-Interest-Bearing Accounts$4,538$20,896▲ $16,358
Prepaid Expenses and Deferred Charges$1,508--
Total Assets$906,249$895,065▼ $11,184
Other Assets Total$758,656$792,556▲ $33,900
Liabilities
Accounts Payable and Accrued Expenses$19,632$2,795▼ $16,837
Total Liabilities$19,632$2,795▼ $16,837
Net Assets / Fund Balance
Unrestricted Net Assets$886,617$892,270▲ $5,653
Total Net Assets Fund Balance$886,617$892,270▲ $5,653
Total Liabilities and Net Assets / Fund Balance$906,249$895,065▼ $11,184

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$792,556--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stuart GlichenhausArt Committe Chair
Ruth AndersonArt Committee Chair
Wilmer MastersonBuilding Search Chair
Judy CunninghamDevelopment Committee Chair
Andrew BachenheimerGala Committee Chair
Lara MoffatMembership Committee Chair
Katie WalterPR Committe Chair
Rost GinevichTechnology Chair
William IrwinPresident
Helen ManningVice President
Dan PrichettArt Committee
Phillip CollinsArt Committee
Alejandrina DrewDevelopment Committee
Norma GomezDevelopment Committee
Molly MoreGala Committee
Erik KlintmalmMember
Dorothy MastersonMuseum Diretor
Revenue and Support

Revenue Composition

Contributions and Grants
$212,575
Program Service Revenue
$11,038
Investment Income
$0
Other Revenue
$0
All Other Contributions
$101,390
Change in Net Assets
$5,653

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 Amount
Works of Art19$33,850
Other Non Cash Contri Table1$22,680
Total Noncash Contributions20$56,530

Audited Revenue Reconciliation

Revenue per Audited Statements
$223,613
Total Revenue per Audited Statements
$223,613
Total Revenue per Form 990
$223,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,694
Salaries, Compensation, and Employee Benefits$28,266
Total Fundraising Expense$11,924
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$38,312$56,000$8,292$102,604
Occupancy$44,598$2,433$1,622$48,653
Current Officers, Directors, Trustees, and Key Employees$23,461$4,805$0$28,266
Fees for Services Accounting$0$5,321$0$5,321
Insurance$1,940$1,940$0$3,880
Advertising$0$0$2,010$2,010
Other Expenses$991$990$0$1,981
Travel$0$600$0$600
Total Functional Expenses$131,625$74,411$11,924$217,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$217,960
Total Expenses per Audited Statements$217,960
Total Expenses per Form 990$217,960
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$55,302$55,302$2,184$53,118
Total Events$55,302$55,302$6,384$48,918
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
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
75-2950156
Phone
2148557802

Signing Officer

Name
William Irwin
Title
Treasurer
Phone
2148557802
Signed
2014-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dorothy Masterson
Formed
2002
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
95

Preparer

Preparer
Edward S Swalm CPA
Phone
9725168800
Supplemental Narrative

Additional Explanations

Pt VI, Line 1A

Board member Wilmer D. Masterson is the husband of the unpaid, full time executive director Dorothy Masterson.

Pt VI, Line 11B

Board members review the Form 990

Pt VI, Line 2

Board member Wilmer D.Masterson is the husband of the unpaid full time director Dorothy Masterson.

Form 990, Part IX, Line 24F

Museum shows 12393. 12393. 0. 0. Printing & publications 6454. 6454. 0. 0. Postage & shipping 8744. 8744. 0. 0. Shop stock 3639. 3639. 0. 0. Fundraising 8292. 0. 0. 8292. Direct expenses 7082. 7082. 0. 0. Loss on building project 56000. 0. 56000. 0.

Financial Statement Notes

Pt III Line 4

The museum of geometric and madi art has an international collection of madi art dating from the 1940s and 50's, and earlier for geometric art madi art "comes off the wall and out of the frame." this art form originated in buenos aires in 1946, and today there are madi venues in argentina, brazil, venezuela, hungary, france and italy, but the dallas museum is the only one in the u.s. Devoted to madi. The museum also has in its collection art by u.s. Artists as well as from other countries listed

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IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Museum Diretor
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IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Art Design
IRS990/OtherExpensesGrp/Desc3Telephone & Internet
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01021
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11301
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3990
IRS990/OtherExpensesGrp/ProgramServicesAmt01021
IRS990/OtherExpensesGrp/ProgramServicesAmt11302
IRS990/OtherExpensesGrp/ProgramServicesAmt220000
IRS990/OtherExpensesGrp/ProgramServicesAmt3991
IRS990/OtherExpensesGrp/TotalAmt02042
IRS990/OtherExpensesGrp/TotalAmt12603
IRS990/OtherExpensesGrp/TotalAmt220000
IRS990/OtherExpensesGrp/TotalAmt31981
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01508
IRS990/PrincipalOfficerNm0DOROTHY MASTERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2452000
IRS990/ProgramServiceRevenueGrp/Desc0Student Classes
IRS990/ProgramServiceRevenueGrp/Desc1Juried Show
IRS990/ProgramServiceRevenueGrp/Desc2Museum Shop Sales
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01640
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12694
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26704
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0224709
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0144027
IRS990/PYProgramServiceRevenueAmt012536
IRS990/PYRevenuesLessExpensesAmt051160
IRS990/PYSalariesCompEmpBnftPaidAmt042058
IRS990/PYTotalExpensesAmt0186085
IRS990/PYTotalRevenueAmt0237245
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt05653
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0212344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0223670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0267409
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0190108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0173875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01067406
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt011219
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt013575
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt07008
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt014718
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt07300
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt053820
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01121226
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0223563
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0237245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0274417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0204826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0181175
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01121226
IRS990ScheduleA/TotalSupportAmt01121226
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/ExpensesSubtotalAmt0217960
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0792556
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Works of Art
IRS990ScheduleD/RevenueSubtotalAmt0223613
IRS990ScheduleD/SolicitedAssetsSaleInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MUSEUM OF GEOMETRIC AND MADI ART HAS AN INTERNATIONAL COLLECTION OF MADI ART DATING FROM THE 1940S AND 50'S, AND EARLIER FOR GEOMETRIC ART MADI ART "COMES OFF THE WALL AND OUT OF THE FRAME." THIS ART FORM ORIGINATED IN BUENOS AIRES IN 1946, AND TODAY THERE ARE MADI VENUES IN ARGENTINA, BRAZIL, VENEZUELA, HUNGARY, FRANCE AND ITALY, BUT THE DALLAS MUSEUM IS THE ONLY ONE IN THE U.S. DEVOTED TO MADI. THE MUSEUM ALSO HAS IN ITS COLLECTION ART BY U.S. ARTISTS AS WELL AS FROM OTHER COUNTRIES LISTED
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III Line 4
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0792556
IRS990ScheduleD/TotalExpensesPerForm990Amt0217960
IRS990ScheduleD/TotalRevenuePerForm990Amt0223613
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0223613
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0217960
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06384
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01700
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01700
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02500
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt055302
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt055302
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt055302
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt055302
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt048918
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02184
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02184
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Rent
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt022680
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990ScheduleM/WorksOfArtGrp/ContributionCnt019
IRS990ScheduleM/WorksOfArtGrp/NonCashCheckboxInd0X
IRS990ScheduleM/WorksOfArtGrp/NoncashContributionsRptF990Amt033850
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board member Wilmer D. Masterson is the husband of the unpaid, full time executive director Dorothy Masterson.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members review the Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board member Wilmer D.Masterson is the husband of the unpaid full time director Dorothy Masterson.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MUSEUM SHOWS 12393. 12393. 0. 0. PRINTING & PUBLICATIONS 6454. 6454. 0. 0. POSTAGE & SHIPPING 8744. 8744. 0. 0. SHOP STOCK 3639. 3639. 0. 0. FUNDRAISING 8292. 0. 0. 8292. DIRECT EXPENSES 7082. 7082. 0. 0. LOSS ON BUILDING PROJECT 56000. 0. 56000. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0906249
IRS990/TotalAssetsEOYAmt0895065

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