Civic Intelligence

Lea County Commission for the Arts Inc.

990 • Fiscal year 2017 • EIN 85-0481239

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 23, 2017

PO Box 1974Hobbs, NM 88241

(575) 397-2787

Siviq Scores

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

Liabilities / Assets

36th percentile

0.01x

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

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$46,477

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 21.7% of source-year revenue.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Asset Growth

26th percentile

-4.0%

Faster asset growth than 26% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-9.1%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$537,428

Down $22,634 (-4.0%) from 2016

Net Assets

Down

$530,409

Down $26,230 (-4.7%) from 2016

Liabilities

Up

$7,019

Up $3,596 (+105%) from 2016

Revenue

Down

$213,917

Down $21,291 (-9.1%) from 2016

Expenses

Up

$242,758

Up $543 (+0.2%) from 2016

Net Income

Down

-$28,841

Down $21,834 (-312%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2011: $657,130Liabilities 2011: $3,694Net Assets 2011: $653,4362011Assets 2012: $620,849Liabilities 2012: $3,035Net Assets 2012: $617,8142012Assets 2013: $588,851Liabilities 2013: $8,400Net Assets 2013: $580,4512013Assets 2014: $601,280Liabilities 2014: $6,776Net Assets 2014: $594,5042014Assets 2015: $565,953Liabilities 2015: $2,892Net Assets 2015: $563,0612015Assets 2016: $560,062Liabilities 2016: $3,423Net Assets 2016: $556,6392016Assets 2017: $537,428Liabilities 2017: $7,019Net Assets 2017: $530,4092017Assets 2018: $509,916Liabilities 2018: $217Net Assets 2018: $509,6992018Assets 2019: $502,899Liabilities 2019: $218Net Assets 2019: $502,6812019Assets 2020: $477,028Liabilities 2020: $2,840Net Assets 2020: -$25,4442020Assets 2021: $473,318Liabilities 2021: $2,211Net Assets 2021: -$3,0812021

Highlighted filing

2017

Assets$537,428
Liabilities$7,019
Net Assets$530,409

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $102,0112011Revenue 2012: $126,597Expenses 2012: $162,219Net Income 2012: -$35,6222012Expenses 2013: $151,7962013Revenue 2014: $201,693Expenses 2014: $198,057Net Income 2014: $3,6362014Revenue 2015: $251,316Expenses 2015: $282,759Net Income 2015: -$31,4432015Revenue 2016: $235,208Expenses 2016: $242,215Net Income 2016: -$7,0072016Revenue 2017: $213,917Expenses 2017: $242,758Net Income 2017: -$28,8412017Revenue 2018: $81,241Expenses 2018: $101,951Net Income 2018: -$20,7102018Revenue 2019: $52,556Expenses 2019: $59,574Net Income 2019: -$7,0182019Revenue 2020: $18,195Expenses 2020: $43,639Net Income 2020: -$25,4442020Revenue 2021: $24,981Expenses 2021: $28,062Net Income 2021: -$3,0812021

Highlighted filing

2017

Revenue$213,917
Expenses$242,758
Net Income-$28,841
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 23, 2017
Return Version
2016v3.0
Gross Receipts
$228,882
Mission and Program Overview

Mission

The purpose of the Lea County Commission for the Arts is to educate children and the community of the importance of using creative skills and talents

Lea County Commission for the Arts educates children and the community of the importance of using creative skills and talents by providing art displays, after school and summer art program and bringing in summer music talent for the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$515,652$500,214▼ $15,438
Cash and Non-Interest-Bearing Accounts$44,410$31,939▼ $12,471
Accounts Receivable-$5,275-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$560,062$537,428▼ $22,634
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,423$7,019▲ $3,596
Total Liabilities$3,423$7,019▲ $3,596
Net Assets / Fund Balance
Unrestricted Net Assets$540,015$510,932▼ $29,083
Temporarily Rstr Net Assets$16,624$19,477▲ $2,853
Total Net Assets Fund Balance$556,639$530,409▼ $26,230
Total Liabilities and Net Assets / Fund Balance$560,062$537,428▼ $22,634

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$408,759$81,863$490,622
Buildings$91,455$20,006$111,461
Equipment-$6,396$6,396
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew AkufoExecutive DirectorFT$46,477$46,477

Board Members and Trustees

NameTitle
Dean ParkerPresident
Paul NeweyVice President
Christine MitchellDirector
Connie ByrdDirector
Jennifer TovarDirector
Jessica TovarDirector
Joyce WalkerDirector
Kassie TaylorDirector
Lucinda LaroDirector
Vicki GoffDirector
Paulie GladdenSecretary
Noah MarshallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,253
Program Service Revenue
$11,151
Investment Income
$1,662
Other Revenue
$851
All Other Contributions
$138,182
Change in Net Assets
$-28,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,895
Salaries, Compensation, and Employee Benefits$72,638
Total Fundraising Expense$9,155
Grants and Similar Amounts Paid$225
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$4,261$34,001$5,049$43,311
Other Salaries and Wages$21,158--$21,158
Advertising$17,078$65$3,506$20,649
Fees for Services Other$18,478$600-$19,078
Depreciation Depletion$15,438--$15,438
Fees for Services Accounting-$13,628-$13,628
Occupancy$12,048--$12,048
Travel$7,833$1,831-$9,664
Insurance$8,157$814-$8,971
Payroll Taxes$3,345$4,420$404$8,169
All Other Expenses$1,016$2,794-$3,810
Other Expenses$801$1,412$4$2,217
Office Expenses$543$613$13$1,169
Grants to Domestic Individuals$225--$225
Total Functional Expenses$172,895$60,708$9,155$242,758
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,045
Fundraising Direct Expenses$14,017
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Walker Awards Banquet$27,995$15,045$8,957$6,088
Total Events$27,995$15,045$14,017$1,028
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 2: Description of Business or Family Relationship of Officers, Directors, Et

Jennifer Tovar and Jessica Tovar are sisters. Noah Marshall and Lucinda Laro are married.

Form 990, Part VI, Line 11B: Form 990 Review Process

The IRS Form 990 is reviewed and approved by the board of directors prior to filing of the return.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board has a bylaws committee and sergeant of arms that reinforces the conflict of interest policy during monthly board meetings.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board conducts an annual compensation review for its Executive Director.

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

Governing documents, policies, financial statements and the IRS Form 990 are made available to the public upon request within three working days of the date the request was made.

Filing and Contact Details

Filer

Filer Name
Lea County Commission For Arts
EIN
85-0481239
Phone
5753972787
Address
PO Box 1974, Hobbs, NM 88241

Signing Officer

Name
Dean Parker
Title
President
Signed
2017-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dean Parker
Formed
2000
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
8
Employees
3
Volunteers
20

Preparer

Firm
Moen Accounting DBA Janice Moen CPA
Address
26965 Road N, Cortez, CO 81321
Preparer
Janice Moen CPA
Phone
5052502231
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Lea County Commission for the Arts educates children and the community of the importance of using creative skills and talents. One of the major programs is maintaining an arts center of local artwork that is open to the general public. The Walker Awards is an annual banquet that honors artists in Lea County who have made significant lifetime achievement in the arts. The Center for the Arts hosts an annual Christmas program that features live performances of music and dance.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Paul Newey
IRS990/Form990PartVIISectionAGrp/PersonNm2Paulie Gladden
IRS990/Form990PartVIISectionAGrp/PersonNm3Noah Marshall
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/ProgSrvcAccomActy3Grp/Desc0After School and Summer Art Program - The Wednesday childrens afterschool art class runs every school year at the Center for the Arts and a five week of summer art classes serve up to 30 students per class.
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IRS990ScheduleA/InvestmentIncomeCYPct00.01080
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