Civic Intelligence

Downtown Slc Presents

990 • Fiscal year 2018 • EIN 84-1382787

Jul 01, 2017 to Jun 30, 2018 • Filed on May 21, 2019

175 East 400 South No 600Salt Lake City, UT 84111

(801) 359-5118

Siviq Scores

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

Liabilities / Assets

86th percentile

0.53x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.08x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

52nd percentile

4.4%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$536,496

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 61.6% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

83rd percentile

29%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

30%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$124,724

Up $28,368 (+29%) from 2017

Net Assets

Up

$58,278

Up $273,055 (+127%) from 2017

Liabilities

Down

$66,446

Down $244,687 (-79%) from 2017

Revenue

Up

$871,089

Up $201,656 (+30%) from 2017

Expenses

Up

$833,005

Up $158,338 (+23%) from 2017

Net Income

Up

$38,084

Up $43,318 (+828%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $35,807Liabilities 2011: $81,421Net Assets 2011: -$45,6142011Assets 2012: $6,709Liabilities 2012: $57,124Net Assets 2012: -$50,4152012Assets 2013: $127,211Liabilities 2013: $188,488Net Assets 2013: -$61,2772013Assets 2014: $8,099Liabilities 2014: $69,585Net Assets 2014: -$61,4862014Assets 2015: $62,687Liabilities 2015: $157,912Net Assets 2015: -$95,2252015Assets 2016: $93,054Liabilities 2016: $302,597Net Assets 2016: -$209,5432016Assets 2017: $96,356Liabilities 2017: $311,133Net Assets 2017: -$214,7772017Assets 2018: $124,724Liabilities 2018: $66,446Net Assets 2018: $58,2782018Assets 2019: $502,109Liabilities 2019: $477,918Net Assets 2019: $24,1912019Assets 2020: $632,462Liabilities 2020: $327,756Net Assets 2020: $304,7062020Assets 2021: $145,975Liabilities 2021: $59,357Net Assets 2021: $86,6182021Assets 2022: $160,182Liabilities 2022: $61,694Net Assets 2022: $98,4882022Assets 2023: $269,948Liabilities 2023: $43,724Net Assets 2023: $226,2242023Assets 2024: $384,607Liabilities 2024: $63,545Net Assets 2024: $321,0622024

Highlighted filing

2018

Assets$124,724
Liabilities$66,446
Net Assets$58,278

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $325,4302011Expenses 2012: $324,0952012Revenue 2013: $454,593Expenses 2013: $465,455Net Income 2013: -$10,8622013Revenue 2014: $610,227Expenses 2014: $610,436Net Income 2014: -$2092014Revenue 2015: $469,454Expenses 2015: $503,193Net Income 2015: -$33,7392015Revenue 2016: $412,458Expenses 2016: $526,806Net Income 2016: -$114,3482016Revenue 2017: $669,433Expenses 2017: $674,667Net Income 2017: -$5,2342017Revenue 2018: $871,089Expenses 2018: $833,005Net Income 2018: $38,0842018Revenue 2019: $1,319,081Expenses 2019: $1,279,979Net Income 2019: $39,1022019Revenue 2020: $1,514,463Expenses 2020: $1,233,948Net Income 2020: $280,5152020Revenue 2021: $778,611Expenses 2021: $996,699Net Income 2021: -$218,0882021Revenue 2022: $611,079Expenses 2022: $599,209Net Income 2022: $11,8702022Revenue 2023: $663,550Expenses 2023: $535,814Net Income 2023: $127,7362023Revenue 2024: $790,360Expenses 2024: $695,522Net Income 2024: $94,8382024

Highlighted filing

2018

Revenue$871,089
Expenses$833,005
Net Income$38,084
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 21, 2019
Return Version
2017v2.3
Gross Receipts
$871,089
Mission and Program Overview

Mission

To encourage and increase the public's appreciation for the visual and performing arts by organizing and conducting an annual new year's celebration and other year-round events.

Organizing and conducting events, performances, and place making experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$52,380$114,258▲ $61,878
Accounts Receivable$21,976$9,625▼ $12,351
Land, Buildings, and Equipment, Net$0$830▲ $830
Prepaid Expenses and Deferred Charges$22,000$11▼ $21,989
Total Assets$96,356$124,724▲ $28,368
Liabilities
Other Liabilities$250,766$0▼ $250,766
Accounts Payable and Accrued Expenses$16,669$66,446▲ $49,777
Deferred Revenue$43,698$0▼ $43,698
Total Liabilities$311,133$66,446▼ $244,687
Net Assets / Fund Balance
Unrestricted Net Assets$-214,777$58,278▲ $273,055
Total Net Assets Fund Balance$-214,777$58,278▲ $273,055
Total Liabilities and Net Assets / Fund Balance$96,356$124,724▲ $28,368

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$830$237$1,067
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kristin BeckManaging DirectorFT$71,122$71,122

Board Members and Trustees

NameTitle
Molly MazzoliniBoard Chair
Lane BeattiePresident & CEO
Matt BaldwinVice Chair
Abby MurtaghBoard Member
Allison BehjaniBoard Member
Bruce BinghamBoard Member
David McmillanBoard Member
Derek MillerBoard Member
Jim OlsonBoard Member
John DahlstromBoard Member
Kim AbramsBoard Member
Linda WardellBoard Member
Lloyd AllenBoard Member
Nate BoyerBoard Member
Camilla FowlerEx-officio Board Member
Derek KitchenEx-officio Board Member
Lara FittsEx-officio Board Member
Mayor Ben McadamsEx-officio Board Member
Mayor Jackie BiskupskiEx-officio Board Member
Scott BeckEx-officio Board Member
Jason MathisExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$749,625
Program Service Revenue
$121,464
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,900
Change in Net Assets
$38,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$871,089
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$234,971
Total Revenue per Audited Statements
$1,106,060
Total Revenue per Form 990
$871,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$554,315
Salaries, Compensation, and Employee Benefits$278,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$278,690--$278,690
Advertising$173,434--$173,434
Travel$8,980--$8,980
Other Expenses$3,454--$3,454
Occupancy$3,212--$3,212
All Other Expenses$2,984--$2,984
Fees for Services Accounting-$1,925-$1,925
Insurance$596$183-$779
Fees for Services Other$412--$412
Depreciation Depletion$237--$237
Total Functional Expenses$830,897$2,108$0$833,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$833,005
Total Expenses per Audited Statements$833,005
Total Expenses per Form 990$833,005
Expenses Not Reported on Financial Statements$0
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A detailed review is performed by the cfo of the salt lake area chamber of commerce. An electronic copy is reviewed by the salt lake area chamber of commerce's finance and audit committee. The returns are reviewed, discussed and approved as part of the committee's regular meeting. A copy is made available to each member of the governing board.

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

Conflicts of interest/ethics policy is distributed annually and a conflict of interest form is filled out by each staff member and board of governors.

Form 990, Part VI, Section B, Line 15

The compensation committee reviews compensation amounts and determines reasonableness based on comparable positions. Outside publications and comparable chamber 990 filings are used as sources.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Downtown Slc Presents
EIN
84-1382787
Phone
8013595118
Address
175 EAST 400 SOUTH NO 600, SALT LAKE CITY, UT 84111

Signing Officer

Name
Daniel H Brimhall
Title
CFO
Phone
8013595118
Signed
2019-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Mathis
Formed
1996
Legal Domicile
Ut
Voting Board Members
20
Independent Board Members
19
Employees
0
Volunteers
45

Preparer

Firm
Eide Bailly Llp
Address
5 TRIAD CENTER STE 600, SALT LAKE CITY, UT 84180-1106
Preparer
Michelle Francis CPA
Phone
8015322200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Downtown promotion - downtown promotion includes ongoing programming to enhance the arts and culture in downtown salt lake city. These events broaden and deepen the public's appreciation for the visual and performing arts and include events such as: holiday programming, last hurrah (new year's eve celebration), garden stroll, holiday lighting and other performances, lectures, demonstrations and participatory art projects that enliven the cultural core of the community throughout the year. Downtown cultural core - downtown cultural core was developed to highlight and explore more inclusive, diverse, and collaborative arts and cultural programming and to create a sustainable and supportive environment for our creative community. It is a collection of experiences including performances, festivals, concerts, murals, exhibits and more.

Financial Statement Notes

PART X, LINE 2:

Slc presents is organized as a utah nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as organizations described in section 501(c)(3). Slc presents believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. Slc presents would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18EX-OFFICIO BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SLC PRESENTS IS ORGANIZED AS A UTAH NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3). SLC PRESENTS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SLC PRESENTS WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.38$0.06$0.32$0.79$0.70$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.27$0.04$0.23$0.66$0.54$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.06$0.10$0.61$0.60$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.06$0.09$0.78$1.00$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.33$0.30$1.51$1.23$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.48$0.02$1.32$1.28$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.07$0.06$0.87$0.83$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.31$0.21$0.67$0.67$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.30$0.21$0.41$0.53$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.16$0.10$0.47$0.50$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.07$0.06$0.61$0.61$0.00
2013Summary only. Only limited summary data is available for this year.$0.13$0.19$0.06$0.45$0.47$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.06$0.05$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.08$0.05$0.33