Civic Intelligence

Boulder County Arts Alliance Inc.

990 • Fiscal year 2017 • EIN 84-0566939

Jan 01, 2017 to Dec 31, 2017 • Filed on May 02, 2018

2590 Walnut St Room 9Boulder, CO 80302

(303) 447-2422

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

24th percentile

-7.1%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$60,720

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

60th percentile

6.8%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

2.7%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,607,842

Up $101,937 (+6.8%) from 2016

Net Assets

Up

$1,601,478

Up $103,732 (+6.9%) from 2016

Liabilities

Down

$6,364

Down $1,795 (-22%) from 2016

Revenue

Up

$484,435

Up $12,826 (+2.7%) from 2016

Expenses

Up

$518,967

Up $11,335 (+2.2%) from 2016

Net Income

Up

-$34,532

Up $1,491 (+4.1%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,447,465Liabilities 2011: $43,676Net Assets 2011: $1,403,7892011Assets 2012: $1,532,115Liabilities 2012: $63,417Net Assets 2012: $1,468,6982012Assets 2013: $1,603,415Liabilities 2013: $34,165Net Assets 2013: $1,569,2502013Assets 2014: $1,515,333Liabilities 2014: $14,077Net Assets 2014: $1,501,2562014Assets 2015: $1,520,763Liabilities 2015: $6,802Net Assets 2015: $1,513,9612015Assets 2016: $1,505,905Liabilities 2016: $8,159Net Assets 2016: $1,497,7462016Assets 2017: $1,607,842Liabilities 2017: $6,364Net Assets 2017: $1,601,4782017Assets 2018: $1,376,168Liabilities 2018: $7,724Net Assets 2018: $1,368,4442018Assets 2019: $1,521,471Liabilities 2019: $13,345Net Assets 2019: $1,508,1262019Assets 2020: $1,623,830Liabilities 2020: $22,276Net Assets 2020: $1,601,5542020Assets 2021: $1,719,449Liabilities 2021: $8,259Net Assets 2021: $1,711,1902021Assets 2022: $1,585,420Liabilities 2022: $111,246Net Assets 2022: $1,474,1742022Assets 2023: $1,439,386Liabilities 2023: $14,371Net Assets 2023: $1,425,0152023

Highlighted filing

2017

Assets$1,607,842
Liabilities$6,364
Net Assets$1,601,478

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $142,525Expenses 2011: $290,880Net Income 2011: -$148,3552011Revenue 2012: $368,608Expenses 2012: $303,699Net Income 2012: $64,9092012Revenue 2013: $393,318Expenses 2013: $292,766Net Income 2013: $100,5522013Revenue 2014: $441,618Expenses 2014: $509,612Net Income 2014: -$67,9942014Revenue 2015: $762,018Expenses 2015: $634,204Net Income 2015: $127,8142015Revenue 2016: $471,609Expenses 2016: $507,632Net Income 2016: -$36,0232016Revenue 2017: $484,435Expenses 2017: $518,967Net Income 2017: -$34,5322017Revenue 2018: $475,517Expenses 2018: $582,050Net Income 2018: -$106,5332018Revenue 2019: $454,099Expenses 2019: $494,057Net Income 2019: -$39,9582019Revenue 2020: $462,382Expenses 2020: $503,349Net Income 2020: -$40,9672020Revenue 2021: $738,914Expenses 2021: $768,979Net Income 2021: -$30,0652021Revenue 2022: $541,126Expenses 2022: $573,654Net Income 2022: -$32,5282022Revenue 2023: $583,882Expenses 2023: $733,946Net Income 2023: -$150,0642023

Highlighted filing

2017

Revenue$484,435
Expenses$518,967
Net Income-$34,532
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 2, 2018
Return Version
2017v2.3
Gross Receipts
$484,435
Mission and Program Overview

Mission

Provide leadership, resources and advocacy for the Boulder County arts community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,248,955$1,357,797▲ $108,842
Cash and Non-Interest-Bearing Accounts$248,269$248,267▼ $2
Accounts Receivable$7,880$1,195▼ $6,685
Land, Buildings, and Equipment, Net$544$326▼ $218
Prepaid Expenses and Deferred Charges$257$257→ $0
Total Assets$1,505,905$1,607,842▲ $101,937
Liabilities
Accounts Payable and Accrued Expenses$8,159$6,364▼ $1,795
Total Liabilities$8,159$6,364▼ $1,795
Net Assets / Fund Balance
Unrestricted Net Assets$1,405,246$1,519,309▲ $114,063
Temporarily Rstr Net Assets$92,500$82,169▼ $10,331
Total Net Assets Fund Balance$1,497,746$1,601,478▲ $103,732
Total Liabilities and Net Assets / Fund Balance$1,505,905$1,607,842▲ $101,937

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$326$4,512$4,838

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,248,953-▲ $195,173$24,000$1,357,797
2016$1,293,979-▲ $57,016$24,008$1,248,953
2015$1,407,040-▲ $3,065$32,007$1,293,979
2014$1,484,688-▲ $38,111$23,711$1,407,040
2013$1,394,498-▲ $196,525$27,083$1,484,688
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charlotte LaSassoExec DirectorFT$56,000$4,720$60,720

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$421,421
Program Service Revenue
$0
Investment Income
$35,106
Other Revenue
$27,908
All Other Contributions
$409,691
Change in Net Assets
$-34,532

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$21,811Fair Market Value (FMV)
Total Noncash Contributions5$21,811-

Audited Revenue Reconciliation

Revenue per Audited Statements
$484,435
Revenue Not Reported on Form 990
$160,075
Total Revenue per Audited Statements
$644,510
Total Revenue per Form 990
$484,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$298,924
Other Expenses$133,412
Salaries, Compensation, and Employee Benefits$86,631
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$298,924--$298,924
Other Expenses$90,960--$90,960
Other Salaries and Wages$75,820--$75,820
Fees for Service Investment Mgmnt Fees$14,329--$14,329
Advertising$7,100--$7,100
Payroll Taxes$6,091--$6,091
Fees for Services Accounting$5,083--$5,083
Other Employee Benefits$4,720--$4,720
Occupancy$4,310--$4,310
Office Expenses$3,617--$3,617
Insurance$1,953--$1,953
Information Technology$1,857--$1,857
Fees for Services Legal$981--$981
Depreciation Depletion$218--$218
Total Functional Expenses$518,967$0$0$518,967

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$540,778
Expenses per Audited Statements$518,967
Total Expenses per Form 990$518,967
Expenses Not Reported on Form 990$21,811
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,050
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art on the River$13,470$13,470-$13,470
Business of Arts$3,214$3,214-$3,214
Total Events$19,050$19,050-$19,050
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11

Review of the 990 by the board prior to filing.

Form 990, Part VI, Section C, Line 19

Documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Boulder County Arts Alliance Inc
EIN
84-0566939
Phone
3034472422
Address
2590 Walnut St Room 9, Boulder, CO 80302

Signing Officer

Name
Shoshana Fanizza
Title
President
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
1966
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Bain & Jones CPAs
Address
531 W Hackberry St, Louisville, CO 80027
Preparer
Tom E Jones CPA
Phone
3036653655
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0132054
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt127450
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2100500

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.44$0.01$1.43$0.58$0.73$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.11$1.47$0.54$0.57$0.03
2021Summary only. Only limited summary data is available for this year.$1.72$0.01$1.71$0.74$0.77$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.02$1.60$0.46$0.50$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.01$1.51$0.45$0.49$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.01$1.37$0.48$0.58$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$0.48$0.52$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.01$1.50$0.47$0.51$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.01$1.51$0.76$0.63$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.01$1.50$0.44$0.51$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.60$0.03$1.57$0.39$0.29$0.10
2012Summary only. Only limited summary data is available for this year.$1.53$0.06$1.47$0.37$0.30$0.06
2011Summary only. Only limited summary data is available for this year.$1.45$0.04$1.40$0.14$0.29$0.15
Peer Organizations

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