Civic Intelligence

The Fine Arts Foundation

990 • Fiscal year 2018 • EIN 76-0115712

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 21, 2019

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

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

29th percentile

-4.0%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

98th percentile

251%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-43%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$11,119

Up $7,948 (+251%) from 2017

Net Assets

Up

$11,119

Up $7,948 (+251%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$34,166

Down $25,302 (-43%) from 2017

Expenses

Down

$35,523

Down $27,408 (-44%) from 2017

Net Income

Up

-$1,357

Up $2,106 (+61%) from 2017

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

2018

Assets$11,119
Liabilities$0
Net Assets$11,119

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

2018

Revenue$34,166
Expenses$35,523
Net Income-$1,357
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 21, 2019
Return Version
2018v3.1
Gross Receipts
$1,518,613
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$12,476$11,119▼ $1,357
Total Assets$12,476$11,119▼ $1,357
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$12,476$11,119▼ $1,357
Total Net Assets Fund Balance$12,476$11,119▼ $1,357
Total Liabilities and Net Assets / Fund Balance$12,476$11,119▼ $1,357
Compensation and Service Providers

Board Members and Trustees

NameTitle
James P ArnoldPresident
Sheri HauseyHistorian
Carol WarrenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$34,166
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$34,166
Change in Net Assets
$-1,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,673
Total Fundraising Expense$26,500
Grants and Similar Amounts Paid$1,850
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,984$623$26,500$31,107
Fees for Services Management-$2,566-$2,566
Grants to Domestic Individuals$1,850--$1,850
Total Functional Expenses$5,834$3,189$26,500$35,523
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$1,484,447
Gaming Gross Income$1,454,331
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
7135408670
Signed
2019-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James P Arnold
Formed
1985
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
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

Helped to develop musical programs and skill in the middle east with remember the river program that we provide scholorships, teaching programs, instruments, and recordings on site in that country.

Form 990, Part IX, Line 11G

Teaching programs 600 0 0 teaching programs 3,284 0 0 carraffle 0 0 8,500 carraffle 0 0 8,500 carraffle 0 0 9,500 texas indians 100 0 0 taxes 0 623 0 total 3,984 623 26,500

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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/ExplanationTxt1HELPED TO DEVELOP MUSICAL PROGRAMS AND SKILL IN THE MIDDLE EAST WITH REMEMBER THE RIVER PROGRAM THAT WE PROVIDE SCHOLORSHIPS, TEACHING PROGRAMS, INSTRUMENTS, AND RECORDINGS ON SITE IN THAT COUNTRY.
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/ExplanationTxt9TEACHING PROGRAMS 600 0 0 TEACHING PROGRAMS 3,284 0 0 CARRAFFLE 0 0 8,500 CARRAFFLE 0 0 8,500 CARRAFFLE 0 0 9,500 TEXAS INDIANS 100 0 0 TAXES 0 623 0 TOTAL 3,984 623 26,500
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05834
IRS990/TotalFunctionalExpensesGrp/TotalAmt035523
IRS990/TotalGrossUBIAmt04409
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011119
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-4409
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04409
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011119
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt012476
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011119
IRS990/USAddress/AddressLine1Txt02444 TIMES BLVD SUITE 236M
IRS990/USAddress/AddressLine2Txt02444 TIMES BLVD SUITE 236M
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077005
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IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.FINEARTSFOUNDATION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES P ARNOLD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07135408670
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-21
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId023A1DE5005F18B8B4C527AEE6E0425B5223F1D71
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId023A1DE5005F18B8B4C527AEE6E0425B5223F1D71
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.151.208.199
ReturnHeader/FilingSecurityInformation/IPDt02019-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:26:15
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/PreparationDt02019-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDELL M NAQUIN
ReturnHeader/ReturnTs02019-11-09T16:26:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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