Civic Intelligence

Davis Arts Council Inc.

990 • Fiscal year 2017 • EIN 87-0484833

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 25, 2018

445 N Wasatch DriveLayton, UT 84041

(801) 546-8575

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

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

Net Margin

36th percentile

-1.1%

Higher net margin than 36% of similar nonprofits.

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

Top Officer Pay

62nd percentile

$86,229

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

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

Asset Growth

15th percentile

-7.3%

Faster asset growth than 15% of similar nonprofits.

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

Revenue Growth

71st percentile

17%

Faster revenue growth than 71% of similar nonprofits.

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

Assets

Down

$420,666

Down $33,046 (-7.3%) from 2016

Net Assets

Down

$411,978

Down $13,128 (-3.1%) from 2016

Liabilities

Down

$8,688

Down $19,918 (-70%) from 2016

Revenue

Up

$1,249,694

Up $184,612 (+17%) from 2016

Expenses

Up

$1,262,822

Up $228,730 (+22%) from 2016

Net Income

Down

-$13,128

Down $44,118 (-142%) 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$0Assets 2010: $95,825Liabilities 2010: $2,463Net Assets 2010: $93,3622010Assets 2011: $179,908Liabilities 2011: $51,202Net Assets 2011: $128,7062011Assets 2012: $187,997Liabilities 2012: $8,386Net Assets 2012: $179,6112012Assets 2013: $246,394Liabilities 2013: $4,429Net Assets 2013: $241,9652013Assets 2014: $315,386Liabilities 2014: $8,123Net Assets 2014: $307,2632014Assets 2015: $433,831Liabilities 2015: $39,715Net Assets 2015: $394,1162015Assets 2016: $453,712Liabilities 2016: $28,606Net Assets 2016: $425,1062016Assets 2017: $420,666Liabilities 2017: $8,688Net Assets 2017: $411,9782017Assets 2018: $527,503Liabilities 2018: $215,926Net Assets 2018: $311,5772018Assets 2019: $296,396Liabilities 2019: $9,064Net Assets 2019: $287,3322019Assets 2020: $259,111Liabilities 2020: $15,208Net Assets 2020: $243,9032020Assets 2021: $614,336Liabilities 2021: $18,414Net Assets 2021: $595,9222021Assets 2022: $639,188Liabilities 2022: $24,968Net Assets 2022: $614,2202022Assets 2023: $680,818Liabilities 2023: $71,086Net Assets 2023: $609,7322023Assets 2024: $515,729Liabilities 2024: $55,225Net Assets 2024: $460,5042024

Highlighted filing

2017

Assets$420,666
Liabilities$8,688
Net Assets$411,978

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $327,6292010Revenue 2011: $379,695Expenses 2011: $344,352Net Income 2011: $35,3432011Revenue 2012: $468,644Expenses 2012: $417,739Net Income 2012: $50,9052012Revenue 2013: $483,751Expenses 2013: $421,397Net Income 2013: $62,3542013Revenue 2014: $643,181Expenses 2014: $577,883Net Income 2014: $65,2982014Revenue 2015: $815,736Expenses 2015: $728,883Net Income 2015: $86,8532015Revenue 2016: $1,065,082Expenses 2016: $1,034,092Net Income 2016: $30,9902016Revenue 2017: $1,249,694Expenses 2017: $1,262,822Net Income 2017: -$13,1282017Revenue 2018: $886,862Expenses 2018: $987,269Net Income 2018: -$100,4072018Revenue 2019: $895,676Expenses 2019: $919,921Net Income 2019: -$24,2452019Revenue 2020: $340,044Expenses 2020: $383,473Net Income 2020: -$43,4292020Revenue 2021: $1,245,093Expenses 2021: $893,074Net Income 2021: $352,0192021Revenue 2022: $1,047,516Expenses 2022: $1,029,218Net Income 2022: $18,2982022Revenue 2023: $1,040,461Expenses 2023: $1,044,949Net Income 2023: -$4,4882023Revenue 2024: $1,216,675Expenses 2024: $1,365,903Net Income 2024: -$149,2282024

Highlighted filing

2017

Revenue$1,249,694
Expenses$1,262,822
Net Income-$13,128
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 25, 2018
Return Version
2016v3.1
Gross Receipts
$1,251,709
Mission and Program Overview

Mission

To enrich the community through the power of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$399,556$311,609▼ $87,947
Land, Buildings, and Equipment, Net$20,236$55,201▲ $34,965
Accounts Receivable$33,000$52,500▲ $19,500
Prepaid Expenses and Deferred Charges$920$1,356▲ $436
Total Assets$453,712$420,666▼ $33,046
Liabilities
Deferred Revenue$20,500--
Accounts Payable and Accrued Expenses$8,106$8,688▲ $582
Total Liabilities$28,606$8,688▼ $19,918
Net Assets / Fund Balance
Unrestricted Net Assets$425,106$411,978▼ $13,128
Total Net Assets Fund Balance$425,106$411,978▼ $13,128
Total Liabilities and Net Assets / Fund Balance$453,712$420,666▼ $33,046

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$55,201$37,394-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kirt BatemanDirectorFT$86,229$86,229

Board Members and Trustees

NameTitle
Teri CooperChair
Dawn BrandvoldPast Chair
Sean SlatterPast Chair
Herman RaiffVice Chair-p
Barry SandersonTrustee
Clint MorrisTrustee
Connie MayTrustee
Denice MaedgenTrustee
Dixie ClaybrookTrustee
Jordan HarrisonTrustee
Laura StephensTrustee
Tanya GarnTrustee
Tracy HancyTrustee
Valerie DavisTrustee
Joy PetroEx-officio L
Zelva GoodrichSecretary
Jim BarlowTreasurer
James WrightTruste
Revenue and Support

Revenue Composition

Contributions and Grants
$353,544
Program Service Revenue
$881,318
Investment Income
$393
Other Revenue
$14,439
All Other Contributions
$277,044
Change in Net Assets
$-13,128

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table4$30,000
Total Noncash Contributions4$30,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,003,368
Salaries, Compensation, and Employee Benefits$259,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$132,949$2,713-$135,662
Current Officers, Directors, Trustees, and Key Employees$85,408$1,743-$87,151
Advertising$47,573--$47,573
Other Employee Benefits$19,158$391-$19,549
Payroll Taxes$16,750$342-$17,092
Other Expenses$11,310$231-$11,541
Depreciation Depletion$11,143$227-$11,370
Office Expenses$9,997$204-$10,201
All Other Expenses$7,385--$7,385
Insurance$6,291$128-$6,419
Conferences and Meetings$5,356--$5,356
Fees for Services Accounting$1,780$1,780-$3,560
Occupancy$1,806$37-$1,843
Travel$238--$238
Interest$43--$43
Total Functional Expenses$1,255,026$7,796$0$1,262,822
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,454
Fundraising Direct Expenses$2,015
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$16,454$16,454$2,015$14,439
Total Events$16,454$16,454$2,015$14,439
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
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board is given a copy of the 990 at board meeting or via email. The treasurer reviews the 990 with the board.

Form 990, Page 6, Part VI, Line 15B

The executive committee reviews all compensation of employees and makes recommendations to the full board.

Form 990, Page 6, Part VI, Line 19

All documents are available at the office.

Filing and Contact Details

Filer

Filer Name
Davis Arts Council Inc
EIN
87-0484833
Phone
8015468575
Address
445 N WASATCH DRIVE, LAYTON, UT 84041

Signing Officer

Name
Jim Barlow
Title
Treasurer
Phone
8015468575
Signed
2018-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teri Cooper
Formed
1992
Legal Domicile
Ut
Voting Board Members
18
Independent Board Members
18
Employees
8

Preparer

Firm
Carver Florek & James Cpas
Address
2246 UNIVERSITY PARK BLVD, LAYTON, UT 84041-1266
Preparer
Steven L Carver CPA
Phone
8019261177
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS GIVEN A COPY OF THE 990 AT BOARD MEETING OR VIA EMAIL. THE TREASURER REVIEWS THE 990 WITH THE BOARD.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.06$0.46$1.22$1.37$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.07$0.61$1.04$1.04$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.02$0.61$1.05$1.03$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.61$0.02$0.60$1.25$0.89$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.24$0.34$0.38$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.90$0.92$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.53$0.22$0.31$0.89$0.99$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.41$1.25$1.26$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.03$0.43$1.07$1.03$0.03
2015Summary only. Only limited summary data is available for this year.$0.43$0.04$0.39$0.82$0.73$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.01$0.31$0.64$0.58$0.07
2013Summary only. Only limited summary data is available for this year.$0.25$0.00$0.24$0.48$0.42$0.06
2012Summary only. Only limited summary data is available for this year.$0.19$0.01$0.18$0.47$0.42$0.05
2011Summary only. Only limited summary data is available for this year.$0.18$0.05$0.13$0.38$0.34$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.09$0.33
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits