Civic Intelligence

Valley Performing Arts Center Inc.

990 • Fiscal year 2014 • EIN 92-0058477

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 10, 2015

251 W Swanson Avenue99654

(907) 373-0195

Siviq Scores

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

Liabilities / Assets

65th percentile

0.16x

Higher debt load relative to assets than 65% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.31x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

10th percentile

-27%

Higher net margin than 10% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

16th percentile

-9.6%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$523,803

Down $55,379 (-9.6%) from 2013

Net Assets

Down

$442,252

Down $70,560 (-14%) from 2013

Liabilities

Up

$81,551

Up $15,181 (+23%) from 2013

Revenue

Down

$261,192

Down $67,819 (-21%) from 2013

Expenses

Up

$331,752

Up $19,745 (+6.3%) from 2013

Net Income

Down

-$70,560

Down $87,564 (-515%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $397,314Liabilities 2010: $66,285Net Assets 2010: $331,0292010Assets 2011: $460,025Liabilities 2011: $69,910Net Assets 2011: $390,1152011Assets 2012: $570,169Liabilities 2012: $74,361Net Assets 2012: $495,8082012Assets 2013: $579,182Liabilities 2013: $66,370Net Assets 2013: $512,8122013Assets 2014: $523,803Liabilities 2014: $81,551Net Assets 2014: $442,2522014Assets 2015: $529,383Liabilities 2015: $64,763Net Assets 2015: $464,6202015Assets 2016: $546,620Liabilities 2016: $76,418Net Assets 2016: $470,2022016Assets 2017: $535,220Liabilities 2017: $95,273Net Assets 2017: $439,9472017Assets 2018: $560,771Liabilities 2018: $80,598Net Assets 2018: $480,1732018Assets 2019: $717,222Liabilities 2019: $112,721Net Assets 2019: $604,5012019Assets 2020: $645,543Liabilities 2020: $33,061Net Assets 2020: $612,4822020Assets 2021: $651,716Liabilities 2021: $49,116Net Assets 2021: $602,6002021Assets 2022: $895,861Liabilities 2022: $130,551Net Assets 2022: $765,3102022Assets 2023: $855,984Liabilities 2023: $40,687Net Assets 2023: $815,2972023Assets 2024: $674,609Liabilities 2024: $20,179Net Assets 2024: $654,4302024Assets 2025: $718,514Liabilities 2025: $3,516Net Assets 2025: $714,9982025

Highlighted filing

2014

Assets$523,803
Liabilities$81,551
Net Assets$442,252

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $267,202Expenses 2010: $238,805Net Income 2010: $28,3972010Expenses 2011: $273,4722011Expenses 2012: $327,8322012Revenue 2013: $329,011Expenses 2013: $312,007Net Income 2013: $17,0042013Revenue 2014: $261,192Expenses 2014: $331,752Net Income 2014: -$70,5602014Revenue 2015: $368,485Expenses 2015: $346,117Net Income 2015: $22,3682015Revenue 2016: $338,109Expenses 2016: $332,527Net Income 2016: $5,5822016Revenue 2017: $323,186Expenses 2017: $353,441Net Income 2017: -$30,2552017Revenue 2018: $438,416Expenses 2018: $398,190Net Income 2018: $40,2262018Revenue 2019: $504,485Expenses 2019: $380,157Net Income 2019: $124,3282019Revenue 2020: $351,697Expenses 2020: $343,716Net Income 2020: $7,9812020Revenue 2021: $133,690Expenses 2021: $143,572Net Income 2021: -$9,8822021Revenue 2022: $444,368Expenses 2022: $281,658Net Income 2022: $162,7102022Revenue 2023: $480,137Expenses 2023: $430,150Net Income 2023: $49,9872023Revenue 2024: $465,730Expenses 2024: $626,597Net Income 2024: -$160,8672024Revenue 2025: $583,279Expenses 2025: $524,916Net Income 2025: $58,3632025

Highlighted filing

2014

Revenue$261,192
Expenses$331,752
Net Income-$70,560
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$366,708
Mission and Program Overview

Mission

Valley performing arts presents and promotes community participation in live theatre to enhance the cultural and intellectual spirit of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$323,872$333,676▲ $9,804
Land, Buildings, and Equipment, Net$143,905$132,936▼ $10,969
Cash and Non-Interest-Bearing Accounts$22,964$28,084▲ $5,120
Prepaid Expenses and Deferred Charges$10,157$12,812▲ $2,655
Pledges and Grants Receivable$14,500$11,000▼ $3,500
Accounts Receivable$3,784$5,295▲ $1,511
Total Assets$579,182$523,803▼ $55,379
Other Assets Total$60,000--
Liabilities
Deferred Revenue$60,263$75,482▲ $15,219
Accounts Payable and Accrued Expenses$6,107$6,069▼ $38
Total Liabilities$66,370$81,551▲ $15,181
Net Assets / Fund Balance
Unrestricted Net Assets$472,808$397,444▼ $75,364
Temporarily Rstr Net Assets$40,004$44,808▲ $4,804
Total Net Assets Fund Balance$512,812$442,252▼ $70,560
Total Liabilities and Net Assets / Fund Balance$579,182$523,803▼ $55,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$219,910-$219,910
Equipment$54,304-$54,304
Other Land Buildings$-141,278$165,132$23,854
Compensation and Service Providers

Board Members and Trustees

NameTitle
Janet KennedyPresident/di
Elizabeth HansonDirector
Karis JohannesDirector
Lucas ParkerDirector
Ron BissettDirector
Stu GrahamDirector
David NuferSecretary/di
Paul BeerTreasurer/di
Steve BrownVice Pres/di
Revenue and Support

Revenue Composition

Contributions and Grants
$16,319
Program Service Revenue
$304,740
Investment Income
$2,004
Other Revenue
$-61,871
All Other Contributions
$12,819
Change in Net Assets
$-70,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,374
Salaries, Compensation, and Employee Benefits$145,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,144$18,567-$131,711
Occupancy$24,073$2,313-$26,386
Advertising$17,638--$17,638
Insurance$12,067$2,129-$14,196
All Other Expenses$11,937$1,337-$13,274
Depreciation Depletion$11,884--$11,884
Payroll Taxes$9,832$1,610-$11,442
Other Expenses$10,600--$10,600
Fees for Services Accounting$7,140$1,260-$8,400
Pension Plan Contributions$1,891$334-$2,225
Total Functional Expenses$304,202$27,550$0$331,752
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,595
Fundraising Direct Expenses$8,892
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$24,595$24,595$113$24,482
Total Events$24,595$24,595$8,892$15,703
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
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
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 7A

The board of directors is elected at an annual meeting of the membership of the organization. The membership is comprised of patrons who purchase season tickets to the organization's performances as per the bylaws.

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

The form 990 is reviewed by the management and governing body at a meeting of the board of directors.

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

The executive director of the organization undergoes an annual performance review by the executive committee. The executive committee evaluates and provides goals for the organization to the executive director.

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

The executive director provides annual evaluations for each of the other employees of the organization.

Form 990, Page 6, Part VI, Line 19

Documents are made available for public inspection upon request.

Filing and Contact Details

Filer

EIN
92-0058477
Phone
9073730195

Signing Officer

Name
Dave Nufer
Title
President
Phone
9073730195
Signed
2015-02-10
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Ak
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
500

Preparer

Preparer
Janet Kennedy CPA
Phone
9073761272
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IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-141278
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0165132
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023854
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0132936
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS IS ELECTED AT AN ANNUAL MEETING OF THE MEMBERSHIP OF THE ORGANIZATION. THE MEMBERSHIP IS COMPRISED OF PATRONS WHO PURCHASE SEASON TICKETS TO THE ORGANIZATION'S PERFORMANCES AS PER THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE MANAGEMENT AND GOVERNING BODY AT A MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR OF THE ORGANIZATION UNDERGOES AN ANNUAL PERFORMANCE REVIEW BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE EVALUATES AND PROVIDES GOALS FOR THE ORGANIZATION TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR PROVIDES ANNUAL EVALUATIONS FOR EACH OF THE OTHER EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
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IRS990/TotalProgramServiceExpensesAmt0304202
IRS990/TotalProgramServiceRevenueAmt0304740
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0304740
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0261192
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt016050
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0523803
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0472808
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0397444
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.VALLEYPERFORMINGARTS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVE NUFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09073730195
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-10

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.19$0.04$7.15$5.83$5.25$0.58
2024Detailed filing. Detailed filing data is available for this year.$6.75$0.20$6.54$4.66$6.27$1.61
2023Detailed filing. Detailed filing data is available for this year.$8.56$0.41$8.15$4.80$4.30$0.50
2022Detailed filing. Detailed filing data is available for this year.$8.96$1.31$7.65$4.44$2.82$1.63
2021Detailed filing. Detailed filing data is available for this year.$6.52$0.49$6.03$1.34$1.44$0.10
2020Detailed filing. Detailed filing data is available for this year.$6.46$0.33$6.12$3.52$3.44$0.08
2019Detailed filing. Detailed filing data is available for this year.$7.17$1.13$6.05$5.04$3.80$1.24
2018Detailed filing. Detailed filing data is available for this year.$5.61$0.81$4.80$4.38$3.98$0.40
2017Detailed filing. Detailed filing data is available for this year.$5.35$0.95$4.40$3.23$3.53$0.30
2016Detailed filing. Detailed filing data is available for this year.$5.47$0.76$4.70$3.38$3.33$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.29$0.65$4.65$3.68$3.46$0.22
2014Detailed filing. Detailed filing data is available for this year.$5.24$0.82$4.42$2.61$3.32$0.71
2013Summary only. Only limited summary data is available for this year.$5.79$0.66$5.13$3.29$3.12$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.70$0.74$4.96$3.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$0.70$3.90$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.97$0.66$3.31$2.67$2.39$0.28