Civic Intelligence

The Fine Arts Foundation

990 • Fiscal year 2014 • EIN 76-0115712

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 07, 2015

PO Box 542254Houston, TX 77254

(713) 523-3511

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

51st percentile

3.5%

Higher net margin than 51% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

83rd percentile

27%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,273

Up $481 (+27%) from 2013

Net Assets

Up

$2,273

Up $481 (+27%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$13,725

Up $3,295 (+32%) from 2013

Expenses

Up

$13,244

Up $2,126 (+19%) from 2013

Net Income

Up

$481

Up $1,169 (+170%) from 2013

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $3,929Liabilities 2010: $3,503Net Assets 2010: $4262010Assets 2011: $35Liabilities 2011: $0Net Assets 2011: $352011Assets 2012: $2,480Liabilities 2012: $0Net Assets 2012: $2,4802012Assets 2013: $1,792Liabilities 2013: $0Net Assets 2013: $1,7922013Assets 2014: $2,273Liabilities 2014: $0Net Assets 2014: $2,2732014Assets 2015: $6,412Liabilities 2015: $0Net Assets 2015: $6,4122015Assets 2016: $6,634Liabilities 2016: $0Net Assets 2016: $6,6342016Assets 2017: $3,171Liabilities 2017: $0Net Assets 2017: $3,1712017Assets 2018: $11,119Liabilities 2018: $0Net Assets 2018: $11,1192018Assets 2019: $21,330Liabilities 2019: $0Net Assets 2019: $21,3302019Assets 2020: $130,236Liabilities 2020: $22,000Net Assets 2020: $108,2362020Assets 2021: $154,962Liabilities 2021: $22,000Net Assets 2021: $132,9622021Assets 2022: $156,236Liabilities 2022: $0Net Assets 2022: $156,2362022Assets 2023: $146,623Liabilities 2023: $0Net Assets 2023: $146,6232023Assets 2024: $122,243Liabilities 2024: $0Net Assets 2024: $122,2432024

Highlighted filing

2014

Assets$2,273
Liabilities$0
Net Assets$2,273

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $8,505Expenses 2010: $11,529Net Income 2010: -$3,0242010Expenses 2011: $14,1442011Expenses 2012: $12,6552012Revenue 2013: $10,430Expenses 2013: $11,118Net Income 2013: -$6882013Revenue 2014: $13,725Expenses 2014: $13,244Net Income 2014: $4812014Revenue 2015: $18,203Expenses 2015: $14,064Net Income 2015: $4,1392015Revenue 2016: $13,401Expenses 2016: $13,179Net Income 2016: $2222016Revenue 2017: $59,468Expenses 2017: $62,931Net Income 2017: -$3,4632017Revenue 2018: $34,166Expenses 2018: $35,523Net Income 2018: -$1,3572018Revenue 2019: $61,813Expenses 2019: $51,602Net Income 2019: $10,2112019Revenue 2020: $123,640Expenses 2020: $27,039Net Income 2020: $96,6012020Revenue 2021: $121,904Expenses 2021: $97,178Net Income 2021: $24,7262021Revenue 2022: $48,465Expenses 2022: $47,191Net Income 2022: $1,2742022Revenue 2023: $35,998Expenses 2023: $45,611Net Income 2023: -$9,6132023Revenue 2024: $13,681Expenses 2024: $38,061Net Income 2024: -$24,3802024

Highlighted filing

2014

Revenue$13,725
Expenses$13,244
Net Income$481
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 7, 2015
Return Version
2014v5.0
Gross Receipts
$954,132
Mission and Program Overview

Mission

Our mission is to make the arts available for people so that they can appreciate their cultural value and influence. Our main emphasis is on "folk art" as expressed in music and cultural traditions, especially in the celtic and brittish isles tradition. We also have a special emphasis on assisting students and specially challenge individuals wanting to improve culturally. We support individuals and organizations providing basic assistance to such persons in order to provide a foundation on which cultural advancement may progress.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,792$2,273▲ $481
Total Assets$1,792$2,273▲ $481
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,792$2,273▲ $481
Total Net Assets Fund Balance$1,792$2,273▲ $481
Total Liabilities and Net Assets / Fund Balance$1,792$2,273▲ $481
Compensation and Service Providers

Board Members and Trustees

NameTitle
James P ArnoldPresident
Sheri HauseyHistorian
Carol WarrenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$16,479
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-2,754
All Other Contributions
$16,479
Change in Net Assets
$481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,800
Other Expenses$1,444
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$11,800--$11,800
Occupancy-$825-$825
Conferences and Meetings$225--$225
Fees for Services Management$212--$212
Fees for Services Other-$182-$182
Total Functional Expenses$12,237$1,007$0$13,244
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$940,407
Gaming Gross Income$937,653
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
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

YES

Form 990, Page 6, Part VI, Line 7A

ELECTIONS HELD AS NEEDED

Form 990, Page 6, Part VI, Line 7B

The decisions are subject to the approval of members (yes)

Form 990, Page 6, Part VI, Line 11B

Members review the 990 prior to going out for errors and omissions. The process used by the organization is two fold. The first step is to gather data and examine by the president and vice president. Any questions are directed to the responsible parties. The second step is filing out the forms 990 and send to accountant and directors.

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

The organization reviewed to compatibility data for compensation in leadership positins of similar organizations. Internal reviews and discussions were held in order to evaluate our policies and recommendations made by officers. An annual reveiw of compensation is in place

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

Policy is reviewed annually

Form 990, Page 6, Part VI, Line 19

The organization makes it's governing documents, financial statements, and other protocols available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Fine Arts Foundation
EIN
76-0115712
Phone
7135233511
Address
PO BOX 542254, HOUSTON, TX 77254

Signing Officer

Name
James P Arnold
Title
President
Phone
7135233511
Signed
2015-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Arnold
Formed
1985
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Randell M Naquin CPA Pllc
Address
2511 FOXGLOVE DR, PEARLAND, TX 77584
Preparer
Randell M Naquin
Phone
7138180807
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to make the arts available for people so that they can appreciate their cultural value and influence. Our main emphasis is on "folk art" as expressed in music and cultural traditions, especially in the celtic and brittish isles tradition. We also have a special emphasis on assisting students and specially challenge individuals wanting to improve culturally. We support individuals and organizations providing basic assistance to such persons in order to provide a foundation on which cultural advancement may progress.

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

We helped homeless people to find apartments and furnishings in houston, texas where there is many people in this condition.

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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/ProgSrvcAccomActy2Grp/Desc0CULTURAL STUDIES: RESEARCH AND PRESENTATIONS ON ASPECTS OF CULTURE, INCLUDING MUSIC, ART, RELIGION AND HISTORY. PRESENTED IN GROUPS AND IN PERSONAL CONSULTATION THROUGH LECTURES AND INTERNET. SPECIAL EMPHASIS ON JEWISH/CHRISTIAN MUSIC LITERATURE, AND CULTURE. EDUCATIONAL OUTREACH TO TEXAS STUDENTS ON NATIVE AMERICAN FOLK ART AND TRADITION. 4,000 PERSONS WERE SERVED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO MAKE THE ARTS AVAILABLE FOR PEOPLE SO THAT THEY CAN APPRECIATE THEIR CULTURAL VALUE AND INFLUENCE. OUR MAIN EMPHASIS IS ON "FOLK ART" AS EXPRESSED IN MUSIC AND CULTURAL TRADITIONS, ESPECIALLY IN THE CELTIC AND BRITTISH ISLES TRADITION. WE ALSO HAVE A SPECIAL EMPHASIS ON ASSISTING STUDENTS AND SPECIALLY CHALLENGE INDIVIDUALS WANTING TO IMPROVE CULTURALLY. WE SUPPORT INDIVIDUALS AND ORGANIZATIONS PROVIDING BASIC ASSISTANCE TO SUCH PERSONS IN ORDER TO PROVIDE A FOUNDATION ON WHICH CULTURAL ADVANCEMENT MAY PROGRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE HELPED HOMELESS PEOPLE TO FIND APARTMENTS AND FURNISHINGS IN HOUSTON, TEXAS WHERE THERE IS MANY PEOPLE IN THIS CONDITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ELECTIONS HELD AS NEEDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DECISIONS ARE SUBJECT TO THE APPROVAL OF MEMBERS (YES)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERS REVIEW THE 990 PRIOR TO GOING OUT FOR ERRORS AND OMISSIONS. THE PROCESS USED BY THE ORGANIZATION IS TWO FOLD. THE FIRST STEP IS TO GATHER DATA AND EXAMINE BY THE PRESIDENT AND VICE PRESIDENT. ANY QUESTIONS ARE DIRECTED TO THE RESPONSIBLE PARTIES. THE SECOND STEP IS FILING OUT THE FORMS 990 AND SEND TO ACCOUNTANT AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION REVIEWED TO COMPATIBILITY DATA FOR COMPENSATION IN LEADERSHIP POSITINS OF SIMILAR ORGANIZATIONS. INTERNAL REVIEWS AND DISCUSSIONS WERE HELD IN ORDER TO EVALUATE OUR POLICIES AND RECOMMENDATIONS MADE BY OFFICERS. AN ANNUAL REVEIW OF COMPENSATION IS IN PLACE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7POLICY IS REVIEWED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND OTHER PROTOCOLS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01792
IRS990/TotalAssetsEOYAmt02273
IRS990/TotalAssetsGrp/BOYAmt01792
IRS990/TotalAssetsGrp/EOYAmt02273
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016479
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01007
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012237
IRS990/TotalFunctionalExpensesGrp/TotalAmt013244
IRS990/TotalGrossUBIAmt0-2291
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01792
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02273
IRS990/TotalOtherProgSrvcExpenseAmt01800
IRS990/TotalOtherProgSrvcGrantAmt01800
IRS990/TotalProgramServiceExpensesAmt012237
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-463
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013725
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-2291
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01792
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02273
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01792
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02273
IRS990/USAddress/AddressLine1Txt05508 CHAUCER DR
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0770052632
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.FINEARTSFOUNDATION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES P ARNOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07135233511
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FINE ARTS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FINE
ReturnHeader/Filer/EIN0760115712
ReturnHeader/Filer/PhoneNum07135233511
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 542254
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077254
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760696379
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RANDELL M NAQUIN CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02511 FOXGLOVE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEARLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077584
ReturnHeader/PreparerPersonGrp/PhoneNum07138180807
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDELL M NAQUIN
ReturnHeader/ReturnTs02015-11-16T12:30:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.14$0.38$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.36$0.46$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.48$0.47$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.55$0.22$1.33$1.22$0.97$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.22$1.08$1.24$0.27$0.97
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.62$0.52$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.34$0.36$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.59$0.63$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.13$0.13$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.18$0.14$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.14$0.13$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.10$0.11$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.14
2010Summary only. Only limited summary data is available for this year.$0.04$0.04$0.00$0.09$0.12$0.03