Civic Intelligence

Basque Museum & Cultural Center Inc

EIN 82-0401368 • 501(c)3 • Boise, ID

Profile

The basque museum & cultural center preserves, promotes and perpetuates basque history and culture

611 Grove StBoise, ID 83702

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.08x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$64,980

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,428,896

Up $694,160 (+12%) from 2023

Liabilities

Up

$82,781

Up $991 (+1.2%) from 2023

Net Assets

Up

$6,346,115

Up $693,169 (+12%) from 2023

Revenue

Down

$1,010,090

Down $2,132,487 (-68%) from 2023

Expenses

Down

$766,593

Down $24,539 (-3.1%) from 2023

Net Income

Down

$243,497

Down $2,107,948 (-90%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,971,119Liabilities 2011: $27,730Net Assets 2011: $1,943,3892011Assets 2012: $2,386,238Liabilities 2012: $34,047Net Assets 2012: $2,352,1912012Assets 2013: $2,680,851Liabilities 2013: $34,927Net Assets 2013: $2,645,9242013Assets 2014: $2,794,896Liabilities 2014: $88,319Net Assets 2014: $2,706,5772014Assets 2015: $2,674,992Liabilities 2015: $58,711Net Assets 2015: $2,616,2812015Assets 2016: $2,614,510Liabilities 2016: $55,999Net Assets 2016: $2,558,5112016Assets 2017: $2,722,644Liabilities 2017: $59,286Net Assets 2017: $2,663,3582017Assets 2018: $2,681,477Liabilities 2018: $56,725Net Assets 2018: $2,624,7522018Assets 2019: $2,761,843Liabilities 2019: $48,941Net Assets 2019: $2,712,9022019Assets 2020: $3,009,371Liabilities 2020: $51,561Net Assets 2020: $2,957,8102020Assets 2021: $3,406,397Liabilities 2021: $53,863Net Assets 2021: $3,352,5342021Assets 2022: $3,011,264Liabilities 2022: $89,091Net Assets 2022: $2,922,1732022Assets 2023: $5,734,736Liabilities 2023: $81,790Net Assets 2023: $5,652,9462023Assets 2024: $6,428,896Liabilities 2024: $82,781Net Assets 2024: $6,346,1152024

Highlighted filing

2024

Assets$6,428,896
Liabilities$82,781
Net Assets$6,346,115

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $393,186Expenses 2011: $356,656Net Income 2011: $36,5302011Expenses 2012: $444,5582012Revenue 2013: $675,973Expenses 2013: $449,762Net Income 2013: $226,2112013Revenue 2014: $623,837Expenses 2014: $529,418Net Income 2014: $94,4192014Revenue 2015: $632,187Expenses 2015: $608,656Net Income 2015: $23,5312015Revenue 2016: $460,480Expenses 2016: $637,018Net Income 2016: -$176,5382016Revenue 2017: $599,752Expenses 2017: $662,149Net Income 2017: -$62,3972017Revenue 2018: $756,598Expenses 2018: $678,113Net Income 2018: $78,4852018Revenue 2019: $601,212Expenses 2019: $783,018Net Income 2019: -$181,8062019Revenue 2020: $762,704Expenses 2020: $668,658Net Income 2020: $94,0462020Revenue 2021: $778,565Expenses 2021: $681,382Net Income 2021: $97,1832021Revenue 2022: $841,991Expenses 2022: $778,784Net Income 2022: $63,2072022Revenue 2023: $3,142,577Expenses 2023: $791,132Net Income 2023: $2,351,4452023Revenue 2024: $1,010,090Expenses 2024: $766,593Net Income 2024: $243,4972024

Highlighted filing

2024

Revenue$1,010,090
Expenses$766,593
Net Income$243,497

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$0.08$6.35$1.01$0.77$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.73$0.08$5.65$3.14$0.79$2.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.09$2.92$0.84$0.78$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$0.05$3.35$0.78$0.68$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.05$2.96$0.76$0.67$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.05$2.71$0.60$0.78$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.06$2.62$0.76$0.68$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.06$2.66$0.60$0.66$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.06$2.56$0.46$0.64$0.18
2015Detailed filing. Detailed filing data is available for this year.$2.67$0.06$2.62$0.63$0.61$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.79$0.09$2.71$0.62$0.53$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.68$0.03$2.65$0.68$0.45$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.39$0.03$2.35$0.44
2011Summary only. Only limited summary data is available for this year.$1.97$0.03$1.94$0.39$0.36$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 12, 2016
Return Version
2015v2.0
Gross Receipts
$1,456,776
Mission and Program Overview

Mission

The basque museum & cultural center preserves, promotes and perpetuates basque history and culture.

The basque museum & cultural center preserves, promotes and perpetuates basque history and culture

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,662,699$1,283,558▼ $379,141
Land, Buildings, and Equipment, Net$908,147$1,174,664▲ $266,517
Cash and Non-Interest-Bearing Accounts$30,156$80,262▲ $50,106
Pledges and Grants Receivable$98,621$54,173▼ $44,448
Inventories for Sale or Use$45,162$50,064▲ $4,902
Prepaid Expenses and Deferred Charges$4,296$6,522▲ $2,226
Accounts Receivable$3,488$495▼ $2,993
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$2,794,896$2,674,992▼ $119,904
Other Assets Total$42,327$25,254▼ $17,073
Liabilities
Deferred Revenue$12,630$33,912▲ $21,282
Other Liabilities$51,000$20,757▼ $30,243
Accounts Payable and Accrued Expenses$23,549$4,042▼ $19,507
Total Liabilities$87,179$58,711▼ $28,468
Net Assets / Fund Balance
Unrestricted Net Assets$2,585,213$2,472,003▼ $113,210
Temporarily Rstr Net Assets$122,504$144,278▲ $21,774
Total Net Assets Fund Balance$2,707,717$2,616,281▼ $91,436
Total Liabilities and Net Assets / Fund Balance$2,794,896$2,674,992▼ $119,904

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$687,051$573,666$1,260,717
Equipment$211,903$307,372$519,275
Land$275,710-$275,710
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adelia Garro SimplotHonorary Chair
Cindy SchaffeldPresident
Toni BerriaVice President
Brian McgowanDirector
Jackueline HickmanDirector
Jerry AldapeDirector
John BoydDirector
Martin EspilDirector
Mary ChristiansonDirector
Mike MadarietaDirector
Patrick MeulemanDirector
Shanna GandiagaDirector
Susan ChristensenDirector
Teresa PaigeDirector
Tom MonasterioDirector
Wendi LeteDirector
Annie GavicaExecutive Direc
Gayle HatchSecretary
Dave NavarroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$258,424
Program Service Revenue
$129,675
Investment Income
$56,162
Other Revenue
$187,926
All Other Contributions
$239,400
Change in Net Assets
$23,531

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported Amount
Intellectual Property$38,480
Real Estate Other$32,519
Other Non Cash Contri Table$12,401
Food Inventory$4,997
Total Noncash Contributions$88,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$632,187
Total Revenue per Audited Statements
$632,187
Total Revenue per Form 990
$632,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$338,418
Salaries, Compensation, and Employee Benefits$267,338
Total Fundraising Expense$43,932
Grants and Similar Amounts Paid$2,900
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,999$46,687$19,211$230,897
Depreciation Depletion$96,967--$96,967
All Other Expenses$15,594$38,097$2,280$55,971
Payroll Taxes$26,040$7,369$3,032$36,441
Other Expenses$2,744$25,219$1,501$27,963
Occupancy$11,052$3,913-$14,965
Fees for Services Other-$12,955-$12,955
Insurance-$8,258-$8,258
Advertising$706$1,414$4,947$7,067
Grants to Domestic Orgs$2,900--$2,900
Travel$1,762--$1,762
Conferences and Meetings-$1,507-$1,507
Total Functional Expenses$383,038$181,686$43,932$608,656

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$608,656
Total Expenses per Audited Statements$608,656
Total Expenses per Form 990$608,656
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$99,599
Fundraising Direct Expenses$20,008
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winefest$55,387$55,387$13,318$42,069
Anniversary Dinner$44,212$44,212$6,690$37,522
Total Events$99,599$99,599$20,008$79,591
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$19,757
Rent Deposit$1,000
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 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, Part VI, Line 11B: Form 990 Review Process

Information was reviewed by board of directors

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

A copy of the organizations governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Basque Museum & Cultural Center Inc
EIN
82-0401368
Phone
2083432671
Address
611 GROVE ST, BOISE, ID 83702

Signing Officer

Name
Cindy Schaffeld
Title
President
Signed
2016-10-12
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Id
Voting Board Members
14
Independent Board Members
14
Employees
10
Volunteers
113

Preparer

Firm
Simmons Clubb & Hodges CPAS PLLC
Address
410 S Orchard Ste 156, Boise, ID 83705
Preparer
Brad Hodges
Phone
2083366800
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

The center owns a collection of art and artifacts relating to the basque culture. Among these is an oil painting by the artist archie teeter, and various other furnishings, paintings, and art work that fill the museum building, an old basque boardinghouse and adjacent building. Many of the items were donated to the center. In conformity with the practice followed by many museums, art objects and artifacts, whether purchased or donated, are not included in the statement of financial position. During the year ended december 31, 2013, no items were donated or deaccessioned through sale.

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

COLLECTIONS TYPES1) The Permanent Collections - containing those objects which directly support the mission of the Museum and its primary collecting goals as a resource to the public.2) The Educational Collection (Props) limited supplemental materials that can be handled and used for educational purposes (typically, reproductions or modern replicas of artifacts).3) The Temporary Collections (Loan items) - either for research or for exhibition. Collections Categories-Books (magazines, books, pamphlets)-Archives (organizational working papers, publicity, media clippings, correspondence, personal papers)-Objects (historic, cultural, artistic)-Photos (slides, prints, negatives, digital storage cards, films)The collections of the basque musuem and cultural center are the foundation for the Museum's programs and the vehicle through which the Museum carries out its mission to educate the public.

Part V, Line 4: Intended uses of the endowment fund.

1) To provide funds and support for the stated purposes of the Basque Museum and Cultural Center; 2) To provide funds and support for educational projects sponsored by the corporation; 3) To provide funds for the leasing and/or acquisition of Basque-oriented items of historical interest, including books, recordings, photographs, and other personal property of every kind and character; 4)To provide funds for the repair, maintenance, remodeling and construction of improvements on the properties of the corporation, and for the acquisition of new real property on behalf of the corporation.

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