Civic Intelligence

The National Foundation for Musical Theatre Inc.

990 • Fiscal year 2021 • EIN 83-1537885

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 18, 2022

Organization ProfileWWW.QUALITYARTSLEARNING.ORG
202 N Cedar Ave Suite 1Owatonna, MN 55060

(612) 408-7533

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$12,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets31st percentile

Assets

$756,809

No earlier filing loaded for comparison.

Net Assets

$756,328

No earlier filing loaded for comparison.

Liabilities

$481

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin99th percentile

Revenue

$780,204

No earlier filing loaded for comparison.

Expenses

$17,926

No earlier filing loaded for comparison.

Net Income

$762,278

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$800K$600K$400K$200K$0Assets 2021: $756,809Liabilities 2021: $481Net Assets 2021: $756,3282021Assets 2022: $614,602Liabilities 2022: $312Net Assets 2022: $614,2902022Assets 2023: $649,288Liabilities 2023: $628Net Assets 2023: $648,6602023Assets 2024: $650,751Liabilities 2024: $655Net Assets 2024: $650,0962024

Highlighted filing

2021

Assets$756,809
Liabilities$481
Net Assets$756,328
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2021: $780,204Expenses 2021: $17,926Net Income 2021: $762,2782021Revenue 2022: -$11,795Expenses 2022: $38,796Net Income 2022: -$50,5912022Revenue 2023: $65,780Expenses 2023: $47,773Net Income 2023: $18,0072023Revenue 2024: $33,930Expenses 2024: $52,664Net Income 2024: -$18,7342024

Highlighted filing

2021

Revenue$780,204
Expenses$17,926
Net Income$762,278
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 18, 2022
Return Version
2021v4.2
Gross Receipts
$925,989
Mission and Program Overview

Mission

Americans for quality arts learning seeks to ensure every k-12 student receives a quality arts education. We do this by providing teachers and administrators of the visual and performing arts the resources they need to serve students most in need.

To ensure every k-12 student receives a quality arts education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$752,551-
Cash and Non-Interest-Bearing Accounts$1,095$4,258▲ $3,163
Total Assets$1,095$756,809▲ $755,714
Liabilities
Accounts Payable and Accrued Expenses$-32$481▲ $513
Total Liabilities$-32$481▲ $513
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$407,215-
Net Assets Without Donor Restrictions$1,127$349,113▲ $347,986
Total Net Assets Fund Balance$1,127$756,328▲ $755,201
Total Liabilities and Net Assets / Fund Balance$1,095$756,809▲ $755,714

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$0$400,000▲ $7,215-$407,215
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John ThewPresidentPT$12,000$12,000

Board Members and Trustees

NameTitle
Troy BermelVice President
Sibyl GruhlSecretary
Elizabeth WenzelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$757,950
Program Service Revenue
$0
Investment Income
$22,254
Other Revenue
$0
All Other Contributions
$757,950
Change in Net Assets
$762,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$777,578
Revenue Not Reported on Financial Statements
$2,626
Revenue Not Reported on Form 990
$-7,077
Total Revenue per Audited Statements
$770,501
Total Revenue per Form 990
$780,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,000
Other Expenses$5,926
Total Fundraising Expense$1,978
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$9,600$1,200$1,200$12,000
Information Technology$2,115-$705$2,820
Fees for Service Investment Mgmnt Fees-$2,626-$2,626
Office Expenses-$407-$407
Advertising--$73$73
Total Functional Expenses$11,715$4,233$1,978$17,926

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$17,926
Expenses per Audited Statements$15,300
Total Expenses per Audited Statements$15,300
Expenses Not Reported on Financial Statements$2,626
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Audit committee
No
Backup withholding compliance
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
Yes
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, Section A, Line 2

“John thew and elizabeth wenzel - family relationship”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees.”

Form 990, Part VI, Section B, Line 11B

“A draft of the 990 return is provided to the president to review and edit as necessary. Once any changes have been made, a revised draft of the 990 return is provided to the board of directors at the annual meeting. Once approved by the board of directors, the 990 return is filed with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The board of directors are required to sign a conflict of interest policy statement each year. The board reviews the policy as needed.”

Form 990, Part VI, Section B, Line 15A

“Compensation of the president is budgeted for by the board of directors on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Americans for Quality Arts Learning
EIN
83-1537885
Phone
6124087533
Address
202 N CEDAR AVE SUITE 1, OWATONNA, MN 55060

Signing Officer

Name
John Thew
Title
President
Phone
6124087533
Signed
2022-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Thew
Formed
2018
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Akins Henke and Company
Address
600 INWOOD AVENUE NORTH SUITE 160, OAKDALE, MN 55128
Preparer
Chris J Henke
Phone
6516363806
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The organization will maintain the original balance of the $400,000 endowment gift that was received. Earnings on the endowment fund are to be used to support the operations of the organzation.”

PART X, LINE 2:

“It is the policy of the organization, in accordance with u.s. Gaap, to assess any uncertain tax positions and, if necessary, record a liability and related income tax expense for any uncertain tax positions. Management has analyzed the tax positions taken by the organization and has concluded that as of december 31, 2021 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.”

Raw XML Appendix345 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WILL MAINTAIN THE ORIGINAL BALANCE OF THE $400,000 ENDOWMENT GIFT THAT WAS RECEIVED. EARNINGS ON THE ENDOWMENT FUND ARE TO BE USED TO SUPPORT THE OPERATIONS OF THE ORGANZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IT IS THE POLICY OF THE ORGANIZATION, IN ACCORDANCE WITH U.S. GAAP, TO ASSESS ANY UNCERTAIN TAX POSITIONS AND, IF NECESSARY, RECORD A LIABILITY AND RELATED INCOME TAX EXPENSE FOR ANY UNCERTAIN TAX POSITIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2021 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN THEW AND ELIZABETH WENZEL - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE 990 RETURN IS PROVIDED TO THE PRESIDENT TO REVIEW AND EDIT AS NECESSARY. ONCE ANY CHANGES HAVE BEEN MADE, A REVISED DRAFT OF THE 990 RETURN IS PROVIDED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. ONCE APPROVED BY THE BOARD OF DIRECTORS, THE 990 RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT EACH YEAR. THE BOARD REVIEWS THE POLICY AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF THE PRESIDENT IS BUDGETED FOR BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0756809
IRS990/TotalAssetsGrp/BOYAmt01095
IRS990/TotalAssetsGrp/EOYAmt0756809
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0757950
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01978
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04233
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011715
IRS990/TotalFunctionalExpensesGrp/TotalAmt017926
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IRS990/TotalReportableCompFromOrgAmt012000
IRS990/TotalRevenueGrp/ExclusionAmt022254
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0780204
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080301
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.QUALITYARTSLEARNING.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN THEW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06124087533
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICANS FOR QUALITY ARTS LEARNING
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0831537885
ReturnHeader/Filer/PhoneNum06124087533
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463220328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AKINS HENKE AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 INWOOD AVENUE NORTH SUITE 160
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055128
ReturnHeader/PreparerPersonGrp/PhoneNum06516363806
ReturnHeader/PreparerPersonGrp/PreparationDt02022-07-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS J HENKE
ReturnHeader/ReturnTs02022-07-21T13:56:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THEW
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$756,809
Liabilities
$481
Net assets
$756,328
Revenue
$780,204
Expenses
$17,926
Net income
$762,278
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.51$0.01$6.50$0.34$0.53$0.19
2023Detailed filing. Detailed filing data is available for this year.$6.49$0.01$6.49$0.66$0.48$0.18
2022Detailed filing. Detailed filing data is available for this year.$6.15$0.00$6.14$0.12$0.39$0.51
2021Detailed filing. Detailed filing data is available for this year.$7.57$0.00$7.56$7.80$0.18$7.62