Civic Intelligence

Davis Arts Council Inc.

990 • Fiscal year 2020 • EIN 87-0484833

Oct 01, 2019 to Sep 30, 2020 • Filed on Jan 28, 2021

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

71st percentile

0.06x

Higher debt load relative to assets than 71% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.04x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

26th percentile

-13%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$69,422

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 20.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-62%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$259,111

Down $37,285 (-13%) from 2019

Net Assets

Down

$243,903

Down $43,429 (-15%) from 2019

Liabilities

Up

$15,208

Up $6,144 (+68%) from 2019

Revenue

Down

$340,044

Down $555,632 (-62%) from 2019

Expenses

Down

$383,473

Down $536,448 (-58%) from 2019

Net Income

Down

-$43,429

Down $19,184 (-79%) from 2019

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

2020

Assets$259,111
Liabilities$15,208
Net Assets$243,903

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

2020

Revenue$340,044
Expenses$383,473
Net Income-$43,429
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jan 28, 2021
Return Version
2019v5.0
Gross Receipts
$340,044
Mission and Program Overview

Mission

To enrich the community through the power of the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$254,756$220,381▼ $34,375
Land, Buildings, and Equipment, Net$41,050$34,730▼ $6,320
Prepaid Expenses and Deferred Charges$590$4,000▲ $3,410
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Total Assets$296,396$259,111▼ $37,285
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$9,064$15,208▲ $6,144
Total Liabilities$9,064$15,208▲ $6,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$287,332$243,903▼ $43,429
Total Net Assets Fund Balance$287,332$243,903▼ $43,429
Total Liabilities and Net Assets / Fund Balance$296,396$259,111▼ $37,285

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,662$63,169$80,831
Leasehold Improvements$17,068$10,369$27,437
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tessa VaschelExecutive DirectorFT$66,103$3,319$69,422

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$303,862
Program Service Revenue
$34,004
Investment Income
$121
Other Revenue
$2,057
All Other Contributions
$233,158
Change in Net Assets
$-43,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$251,894
Other Expenses$131,579
Total Fundraising Expense$85,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,264$8,706$39,340$136,310
Current Officers, Directors, Trustees, and Key Employees$24,127$20,680$24,127$68,934
Other Employee Benefits$15,160$3,921$8,530$27,611
Office Expenses$10,441$2,702$5,874$19,017
Payroll Taxes$8,426$2,179$4,741$15,346
Depreciation Depletion$12,275--$12,275
Advertising$8,538--$8,538
Insurance$3,327$3,327-$6,654
Conferences and Meetings-$6,586-$6,586
Fees for Services Accounting-$5,000-$5,000
Pension Plan Contributions$2,400$228$1,065$3,693
All Other Expenses$1,250$809-$2,059
Other Expenses$2,424$469$1,423$1,423
Fees for Services Other$250--$250
Fees for Services Legal-$149-$149
Total Functional Expenses$243,617$54,756$85,100$383,473
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
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
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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, Part VI, Line 11B: Form 990 Review Process

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

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

All documents are available at the office.

Filing and Contact Details

Filer

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

Signing Officer

Name
Brad Farmer
Title
Treasurer
Signed
2021-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herman Raiff
Formed
1992
Legal Domicile
Ut
Voting Board Members
16
Independent Board Members
16
Employees
8
Volunteers
107

Preparer

Firm
Carver Florek & James Cpas
Address
2246 N UNIVERSITY PARK BLVD, LAYTON, UT 84041
Preparer
Rebecca Balaich CPA
Phone
8019261177
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt03327
IRS990/InsuranceGrp/ProgramServicesAmt03327
IRS990/InsuranceGrp/TotalAmt06654
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0121
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt073538
IRS990/LandBldgEquipBasisNetGrp/BOYAmt041050
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034730
IRS990/LandBldgEquipCostOrOtherBssAmt0108268
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ENRICH THE COMMUNITY THROUGH THE POWER OF THE ARTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0287332
IRS990/NetAssetsOrFundBalancesEOYAmt0243903
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0287332
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0243903
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt05874
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02702
IRS990/OfficeExpensesGrp/ProgramServicesAmt010441
IRS990/OfficeExpensesGrp/TotalAmt019017
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08530
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03921
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015160
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027611
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2Misc
IRS990/OtherExpensesGrp/Desc3FUNDRAISING
IRS990/OtherExpensesGrp/FundraisingAmt01423
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0469
IRS990/OtherExpensesGrp/ProgramServicesAmt062937
IRS990/OtherExpensesGrp/ProgramServicesAmt13798
IRS990/OtherExpensesGrp/ProgramServicesAmt22424
IRS990/OtherExpensesGrp/TotalAmt062937
IRS990/OtherExpensesGrp/TotalAmt13798
IRS990/OtherExpensesGrp/TotalAmt22893
IRS990/OtherExpensesGrp/TotalAmt31423
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02057
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02057
IRS990/OtherRevenueTotalAmt02057
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt039340
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08706
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt088264
IRS990/OtherSalariesAndWagesGrp/TotalAmt0136310
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04741
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02179
IRS990/PayrollTaxesGrp/ProgramServicesAmt08426
IRS990/PayrollTaxesGrp/TotalAmt015346
IRS990/PensionPlanContributionsGrp/FundraisingAmt01065
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0228
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02400
IRS990/PensionPlanContributionsGrp/TotalAmt03693
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0590
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04000
IRS990/PrincipalOfficerNm0HERMAN RAIFF
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CONCERTS, SHOWS, ETC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034004
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0332048
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0265
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0660760
IRS990/PYProgramServiceRevenueAmt0575167
IRS990/PYRevenuesLessExpensesAmt0-24245
IRS990/PYSalariesCompEmpBnftPaidAmt0270965
IRS990/PYTotalExpensesAmt0931725
IRS990/PYTotalRevenueAmt0907480
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-43429
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt036061
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt025000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0115883
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0140000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0140000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt090000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0510883
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0303862
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0288946
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0323314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0353544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0275254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01544920
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0121
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0265
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0621
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0394
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0347
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt036061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0618271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0565546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0897772
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0792044
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02909694
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0121

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