Civic Intelligence

Lone Tree Arts Center Fund

990EZ • Fiscal year 2019 • EIN 82-3016588

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 01, 2020

10075 Commons StreetLone Tree, CO 80124

(720) 509-1010

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.79x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

0.72x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

98th percentile

706%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

99th percentile

689%

Faster revenue growth than 99% of similar nonprofits.

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

Assets

Up

$65,288

Up $57,183 (+706%) from 2018

Net Assets

Up

$13,963

Up $13,858 (+13198%) from 2018

Liabilities

Up

$51,325

Up $43,325 (+542%) from 2018

Revenue

Up

$71,326

Up $62,285 (+689%) from 2018

Expenses

Up

$57,832

Up $48,896 (+547%) from 2018

Net Income

Up

$13,494

Up $13,389 (+12751%) from 2018

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2017: $1Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $8,105Liabilities 2018: $8,000Net Assets 2018: $1052018Assets 2019: $65,288Liabilities 2019: $51,325Net Assets 2019: $13,9632019Assets 2020: $80,852Liabilities 2020: $70,269Net Assets 2020: $10,5832020Assets 2021: $60,398Liabilities 2021: $52,416Net Assets 2021: $7,9822021Assets 2022: $73,757Liabilities 2022: $69,669Net Assets 2022: $4,0882022Assets 2023: $77,135Liabilities 2023: $77,060Net Assets 2023: $752023Assets 2024: $69,052Liabilities 2024: $68,952Net Assets 2024: $1002024

Highlighted filing

2019

Assets$65,288
Liabilities$51,325
Net Assets$13,963

Operations Trend

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

$100K$50K$0-$50KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $9,041Expenses 2018: $8,936Net Income 2018: $1052018Revenue 2019: $71,326Expenses 2019: $57,832Net Income 2019: $13,4942019Revenue 2020: $70,270Expenses 2020: $73,650Net Income 2020: -$3,3802020Revenue 2021: $52,364Expenses 2021: $54,965Net Income 2021: -$2,6012021Revenue 2022: $68,169Expenses 2022: $72,063Net Income 2022: -$3,8942022Revenue 2023: $76,598Expenses 2023: $80,611Net Income 2023: -$4,0132023Revenue 2024: $75,081Expenses 2024: $75,056Net Income 2024: $252024

Highlighted filing

2019

Revenue$71,326
Expenses$57,832
Net Income$13,494
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 1, 2020
Return Version
2019v5.1
Gross Receipts
$71,326
Mission and Program Overview

Mission

Support arts and cultural community

Support arts and cultural community.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION RAISES MONEY FOR THE LONE TREE ARTS CENTER. ITS PURPOSE IS TO SUPPORT AND ADVANCE THE ARTS AND CULTURAL COMMUNITY IN THE CITY OF LONE TREE.$51,325$57,832
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEITH SIMONBoard President-$0--
BYUZAND YEREMYANSecretary/Treasurer-$0--
SUSAN HICKSDirector-$0--
KENT CLARKDirector-$0--
DAVE HUELSKAMPDirector-$0--
CHETTER LATCHAMDirector-$0--
JACKIE MILLETDirector-$0--
PAMELA SCHENCK-KELLYVice President-$0--
DON WINSLOWDirector-$0--
Filing and Contact Details

Filer

Filer Name
Lone Tree Arts Center Fund
EIN
82-3016588
Phone
7205091010
Address
10075 COMMONS STREET, LONE TREE, CO 80124

Signing Officer

Name
Keith Simon
Title
President
Phone
7205091010
Signed
2020-06-01
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
8390 E CRESCENT PARKWAY SUITE 300, GREENWOOD VILLAGE, CO 80111
Preparer
Shelby Clymer CPA
Phone
3037795710
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: investment income. Amount: 1.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grant. Grantee name: lone tree arts center. Grantee address: 10075 commons st lone tree, co 80124. Amount given: 51,325.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expense. Amount: 691. Description: meeting expense. Amount: 839. Total to form 990-ez, line 16: 1,530.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: unrealized gain. Amount: 364.

Form 990-ez, Part II, Line 24 - Other Assets

Description: investments. Beg. Of year amount: 3,458. End of year amount: 201. Description: accounts receivable . Beg. Of year amount: 0. End of year amount: 1,100.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 8,000. End of year amount: 51,325.

Part V, Line 34

Section 3.08 of the bylaws of the lone tree arts center fund, dated october 6, 2017 was amended on september 24th, 2019 to read as follows: a regular annual meeting of the board of directors will be held during the month of january at the time and placed determined by the board, to elect directors and officers and to transact other business that comes before the meeting. Additional regular meetings may be held at the time and place set forth in a resolution adopted by the board, without further notice than the resolution. Special meetings may be called by or at the request of the president, chief executive officer, or one-third of the directors in office. The person(s) calling the special meeting may fix the time and place of the meeting.

Raw XML Appendix211 raw XML fields

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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION THE CITY OF LONETREE IS A CITY GOVERNMENT AND THEREFORE NOT REQUIRED TO OBTAIN A DETERMINATION STATUS FROM THE IRS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: GRANT. GRANTEE NAME: LONE TREE ARTS CENTER. GRANTEE ADDRESS: 10075 COMMONS ST LONE TREE, CO 80124. AMOUNT GIVEN: 51,325.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OFFICE EXPENSE. AMOUNT: 691. DESCRIPTION: MEETING EXPENSE. AMOUNT: 839. TOTAL TO FORM 990-EZ, LINE 16: 1,530.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: UNREALIZED GAIN. AMOUNT: 364.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 3,458. END OF YEAR AMOUNT: 201. DESCRIPTION: ACCOUNTS RECEIVABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 8,000. END OF YEAR AMOUNT: 51,325.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SECTION 3.08 OF THE BYLAWS OF THE LONE TREE ARTS CENTER FUND, DATED OCTOBER 6, 2017 WAS AMENDED ON SEPTEMBER 24TH, 2019 TO READ AS FOLLOWS: A REGULAR ANNUAL MEETING OF THE BOARD OF DIRECTORS WILL BE HELD DURING THE MONTH OF JANUARY AT THE TIME AND PLACED DETERMINED BY THE BOARD, TO ELECT DIRECTORS AND OFFICERS AND TO TRANSACT OTHER BUSINESS THAT COMES BEFORE THE MEETING. ADDITIONAL REGULAR MEETINGS MAY BE HELD AT THE TIME AND PLACE SET FORTH IN A RESOLUTION ADOPTED BY THE BOARD, WITHOUT FURTHER NOTICE THAN THE RESOLUTION. SPECIAL MEETINGS MAY BE CALLED BY OR AT THE REQUEST OF THE PRESIDENT, CHIEF EXECUTIVE OFFICER, OR ONE-THIRD OF THE DIRECTORS IN OFFICE. THE PERSON(S) CALLING THE SPECIAL MEETING MAY FIX THE TIME AND PLACE OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART V, LINE 34
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LONE TREE ARTS CENTER FUND
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ReturnHeader/Filer/PhoneNum07205091010
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENWOOD VILLAGE
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-01
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ReturnHeader/ReturnTs02020-07-15T15:25:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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