Civic Intelligence

Art Works Eagan

990 • Fiscal year 2019 • EIN 81-1235374

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 05, 2020

3795 Pilot Knob RdEagan, MN 55122

(651) 330-4242

Siviq Scores

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

Liabilities / Assets

91st percentile

0.83x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

3.41x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

51st percentile

3.4%

Faster asset growth than 51% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$639,745

Up $21,324 (+3.4%) from 2018

Net Assets

Up

$111,548

Up $35,681 (+47%) from 2018

Liabilities

Down

$528,197

Down $14,357 (-2.6%) from 2018

Revenue

Up

$154,869

Up $37,721 (+32%) from 2018

Expenses

Up

$119,188

Up $11,069 (+10%) from 2018

Net Income

Up

$35,681

Up $26,652 (+295%) from 2018

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 2017: $623,177Liabilities 2017: $556,339Net Assets 2017: $66,8382017Assets 2018: $618,421Liabilities 2018: $542,554Net Assets 2018: $75,8672018Assets 2019: $639,745Liabilities 2019: $528,197Net Assets 2019: $111,5482019Assets 2020: $695,338Liabilities 2020: $531,986Net Assets 2020: $163,3522020Assets 2021: $667,423Liabilities 2021: $494,053Net Assets 2021: $173,3702021Assets 2022: $662,164Liabilities 2022: $504,491Net Assets 2022: $157,6732022Assets 2023: $1,170,128Liabilities 2023: $1,200Net Assets 2023: $1,168,9282023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2019

Assets$639,745
Liabilities$528,197
Net Assets$111,548

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2017: $131,811Expenses 2017: $78,625Net Income 2017: $53,1862017Revenue 2018: $117,148Expenses 2018: $108,119Net Income 2018: $9,0292018Revenue 2019: $154,869Expenses 2019: $119,188Net Income 2019: $35,6812019Revenue 2020: $178,594Expenses 2020: $126,790Net Income 2020: $51,8042020Revenue 2021: $136,823Expenses 2021: $126,805Net Income 2021: $10,0182021Revenue 2022: $149,754Expenses 2022: $144,727Net Income 2022: $5,0272022Revenue 2023: $1,198,411Expenses 2023: $187,156Net Income 2023: $1,011,2552023Revenue 2024: $6,765Expenses 2024: $1,175,693Net Income 2024: -$1,168,9282024

Highlighted filing

2019

Revenue$154,869
Expenses$119,188
Net Income$35,681
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 5, 2020
Return Version
2019v5.0
Gross Receipts
$157,284
Mission and Program Overview

Mission

Art works eagan's mission is to enhance the local arts community by connecting working artists, arts organizations and the community in creative gathering spaces.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$547,021$591,584▲ $44,563
Cash and Non-Interest-Bearing Accounts$41,206$40,795▼ $411
Intangible Assets$6,191$5,858▼ $333
Savings and Temporary Cash Investments$24,003$1,508▼ $22,495
Total Assets$618,421$639,745▲ $21,324
Liabilities
Mortgage Notes Payable Secured by Investment Property$542,554$528,197▼ $14,357
Total Liabilities$542,554$528,197▼ $14,357
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$75,867$111,548▲ $35,681
Total Net Assets Fund Balance$75,867$111,548▲ $35,681
Total Liabilities and Net Assets / Fund Balance$618,421$639,745▲ $21,324

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$409,515$33,605$443,120
Land$182,069-$182,069
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nicole WatsonPresident
Denise AldenDirector
Denise SjobergDirector
Haley KrehbielDirector
Jerri NeddermeyerDirector
Mike SupinaDirector
Caitlin DowlingSecretary
Wanda BormanTreasurer
Jeff SooyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$114,402
Program Service Revenue
$31,707
Investment Income
$5
Other Revenue
$8,755
All Other Contributions
$70,969
Change in Net Assets
$35,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$37,539--$37,539
Occupancy$19,591--$19,591
Depreciation Depletion$10,943--$10,943
Insurance$7,218--$7,218
Other Expenses$5,480--$5,480
Fees for Services Accounting$2,988--$2,988
Office Expenses$1,968--$1,968
All Other Expenses$1,410--$1,410
Advertising$1,017--$1,017
Fees for Services Legal$442--$442
Total Functional Expenses$119,188$0$0$119,188
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,170
Fundraising Direct Expenses$2,415
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
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
No
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 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Art Works Eagan
EIN
81-1235374
Phone
6513304242
Address
3795 PILOT KNOB RD, EAGAN, MN 55122

Signing Officer

Name
Nicole Watson
Title
President
Phone
6513304242
Signed
2020-10-05

Organization Details

Principal Officer
Nicole Watson
Formed
2016
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
130

Preparer

Firm
Nelson Cpas LLC
Address
100 BRIDGEPOINT DRIVE STE 120, SOUTH SAINT PAUL, MN 55075
Preparer
Geoffrey Luckmann
Phone
6514554621
Supplemental Narrative

Additional Explanations

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

Art works eagan provides working studio space for up to 34 artists. They also have a gallery where exhibitions are held for both works of art and performing arts. These include artist events, exhibit openings, performances, workshops, collaborative art experiences, and fundraisers. Most events have been free and open to the public. Several fundraising events have required reduced cost ticket purchase. Art works also has been part of city-wide art events. Art works additionally has nearly 100 regular users - none of whom pay any fees whatsoever - who access the gallery and other areas of the building on a regular basis. These users include members of the weekly knitting group and other members of the general public who work, relax, meet friends or otherwise frequent art works' facility regularly. Art works also offers regular meeting space, access to office supplies, equipment and storage to several other nonprofit organizations. Through events hosted by its member organizations and other groups, art works has provided a creative experience for many visitors to its facility, all of whom have access to the current exhibit during their events. On average, art works has had over 10,000 'door revolutions' per year - equivalent to approximately 10,000 instances of free or reduced costs services being provided to artists, the community and the general public. Additionally, art works has a dedicated, general public volunteer force of 130 individuals who log an average of 76 hours per month.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ART WORKS EAGAN PROVIDES WORKING STUDIO SPACE FOR UP TO 34 ARTISTS. THEY ALSO HAVE A GALLERY WHERE EXHIBITIONS ARE HELD FOR BOTH WORKS OF ART AND PERFORMING ARTS. THESE INCLUDE ARTIST EVENTS, EXHIBIT OPENINGS, PERFORMANCES, WORKSHOPS, COLLABORATIVE ART EXPERIENCES, AND FUNDRAISERS. MOST EVENTS HAVE BEEN FREE AND OPEN TO THE PUBLIC. SEVERAL FUNDRAISING EVENTS HAVE REQUIRED REDUCED COST TICKET PURCHASE. ART WORKS ALSO HAS BEEN PART OF CITY-WIDE ART EVENTS. ART WORKS ADDITIONALLY HAS NEARLY 100 REGULAR USERS - NONE OF WHOM PAY ANY FEES WHATSOEVER - WHO ACCESS THE GALLERY AND OTHER AREAS OF THE BUILDING ON A REGULAR BASIS. THESE USERS INCLUDE MEMBERS OF THE WEEKLY KNITTING GROUP AND OTHER MEMBERS OF THE GENERAL PUBLIC WHO WORK, RELAX, MEET FRIENDS OR OTHERWISE FREQUENT ART WORKS' FACILITY REGULARLY. ART WORKS ALSO OFFERS REGULAR MEETING SPACE, ACCESS TO OFFICE SUPPLIES, EQUIPMENT AND STORAGE TO SEVERAL OTHER NONPROFIT ORGANIZATIONS. THROUGH EVENTS HOSTED BY ITS MEMBER ORGANIZATIONS AND OTHER GROUPS, ART WORKS HAS PROVIDED A CREATIVE EXPERIENCE FOR MANY VISITORS TO ITS FACILITY, ALL OF WHOM HAVE ACCESS TO THE CURRENT EXHIBIT DURING THEIR EVENTS. ON AVERAGE, ART WORKS HAS HAD OVER 10,000 'DOOR REVOLUTIONS' PER YEAR - EQUIVALENT TO APPROXIMATELY 10,000 INSTANCES OF FREE OR REDUCED COSTS SERVICES BEING PROVIDED TO ARTISTS, THE COMMUNITY AND THE GENERAL PUBLIC. ADDITIONALLY, ART WORKS HAS A DEDICATED, GENERAL PUBLIC VOLUNTEER FORCE OF 130 INDIVIDUALS WHO LOG AN AVERAGE OF 76 HOURS PER MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalVolunteersCnt0130
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IRS990/WebsiteAddressTxt0WWW.ARTWORKSEAGAN.ORG
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLE WATSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06513304242
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ART WORKS EAGAN
ReturnHeader/Filer/BusinessNameControlTxt0ARTW
ReturnHeader/Filer/EIN0811235374
ReturnHeader/Filer/PhoneNum06513304242
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ReturnHeader/Filer/USAddress/CityNm0EAGAN
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04D3DBA994DBA85852E8E98583844BDE4E83A1CE7
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.8.125.228
ReturnHeader/FilingSecurityInformation/IPDt02020-10-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:37:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821895293
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NELSON CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 BRIDGEPOINT DRIVE STE 120
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055075
ReturnHeader/PreparerPersonGrp/PhoneNum06514554621
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEOFFREY LUCKMANN
ReturnHeader/ReturnTs02020-10-05T16:37:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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