Civic Intelligence

Bountiful Davis Art Foundation

990 • Fiscal year 2020 • EIN 94-2771449

Jan 01, 2020 to Dec 31, 2020 • Filed on May 14, 2021

90 No Main StreetBountiful, UT 84010

(801) 295-3618

Siviq Scores

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

Liabilities / Assets

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.86x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

8th percentile

-47%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$42,291

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 22.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

68th percentile

19%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

-0.8%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$535,193

Up $85,497 (+19%) from 2019

Net Assets

Down

$368,606

Down $76,996 (-17%) from 2019

Liabilities

Up

$166,587

Up $162,493 (+3969%) from 2019

Revenue

Down

$192,590

Down $1,594 (-0.8%) from 2019

Expenses

Up

$282,265

Up $5,532 (+2.0%) from 2019

Net Income

Down

-$89,675

Down $7,126 (-8.6%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $375,339Liabilities 2012: $27,778Net Assets 2012: $347,5612012Assets 2013: $380,841Liabilities 2013: $31,951Net Assets 2013: $348,8902013Assets 2014: $367,262Liabilities 2014: $8,124Net Assets 2014: $359,1382014Assets 2015: $435,179Liabilities 2015: $8,547Net Assets 2015: $426,6322015Assets 2016: $521,464Liabilities 2016: $6,301Net Assets 2016: $515,1632016Assets 2017: $526,495Liabilities 2017: $7,257Net Assets 2017: $519,2382017Assets 2018: $508,660Liabilities 2018: $4,943Net Assets 2018: $503,7172018Assets 2019: $449,696Liabilities 2019: $4,094Net Assets 2019: $445,6022019Assets 2020: $535,193Liabilities 2020: $166,587Net Assets 2020: $368,6062020Assets 2021: $501,591Liabilities 2021: $122,733Net Assets 2021: $378,8582021Assets 2022: $412,153Liabilities 2022: $123,995Net Assets 2022: $288,1582022Assets 2023: $416,382Liabilities 2023: $125,913Net Assets 2023: $290,4692023Assets 2024: $305,273Liabilities 2024: $115,172Net Assets 2024: $190,1012024

Highlighted filing

2020

Assets$535,193
Liabilities$166,587
Net Assets$368,606

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $177,302Expenses 2012: $191,641Net Income 2012: -$14,3392012Revenue 2013: $191,882Expenses 2013: $198,982Net Income 2013: -$7,1002013Revenue 2014: $216,242Expenses 2014: $219,667Net Income 2014: -$3,4252014Revenue 2015: $335,269Expenses 2015: $264,846Net Income 2015: $70,4232015Revenue 2016: $305,113Expenses 2016: $231,076Net Income 2016: $74,0372016Revenue 2017: $230,317Expenses 2017: $241,849Net Income 2017: -$11,5322017Revenue 2018: $235,722Expenses 2018: $248,783Net Income 2018: -$13,0612018Revenue 2019: $194,184Expenses 2019: $276,733Net Income 2019: -$82,5492019Revenue 2020: $192,590Expenses 2020: $282,265Net Income 2020: -$89,6752020Revenue 2021: $318,509Expenses 2021: $308,257Net Income 2021: $10,2522021Revenue 2022: $241,979Expenses 2022: $302,175Net Income 2022: -$60,1962022Revenue 2023: $286,205Expenses 2023: $300,774Net Income 2023: -$14,5692023Revenue 2024: $354,072Expenses 2024: $455,128Net Income 2024: -$101,0562024

Highlighted filing

2020

Revenue$192,590
Expenses$282,265
Net Income-$89,675
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.0
Gross Receipts
$197,724
Mission and Program Overview

Mission

TO PROVIDE ART EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$445,602$368,606▼ $76,996
Investments in Publicly Traded Securities$221,586$248,862▲ $27,276
Land, Buildings, and Equipment, Net$142,388$124,470▼ $17,918
Cash and Non-Interest-Bearing Accounts$3,804$79,943▲ $76,139
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$449,696$535,193▲ $85,497
Other Assets Total$81,918$81,918→ $0
Liabilities
Other Liabilities$3,839$166,587▲ $162,748
Accounts Payable and Accrued Expenses$255--
Total Liabilities$4,094$166,587▲ $162,493
Net Assets / Fund Balance
Total Net Assets Fund Balance$445,602$368,606▼ $76,996
Total Liabilities and Net Assets / Fund Balance$449,696$535,193▲ $85,497

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$142,388$137,124$279,512
Equipment$-11,900$11,900-
Leasehold Improvements$-6,018$6,018-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alysa RevellExecutive DirectorFT$42,291$42,291

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$105,400
Program Service Revenue
$49,686
Investment Income
$0
Other Revenue
$37,504
All Other Contributions
$105,400
Change in Net Assets
$-89,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$157,637
Other Expenses$124,628
Total Fundraising Expense$40,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,444$23,104$26,798$115,346
Current Officers, Directors, Trustees, and Key Employees$32,291$10,000-$42,291
All Other Expenses$30,074$6,785$5,292$42,151
Depreciation Depletion$11,109$3,763$3,046$17,918
Other Expenses$7,602$2,575$2,084$12,261
Fees for Services Accounting-$7,104-$7,104
Office Expenses$1,238$419$339$1,996
Insurance$863$292$237$1,392
Advertising$54$18$15$87
Total Functional Expenses$184,173$57,498$40,594$282,265
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$124,000
Ppp Loan$26,532
State Bridge Loan$10,000
Payroll Liabilities$5,866
GIFT CERTIFICATE PAYABL;E$189
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
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 11B: Form 990 Review Process

The 990 will be reviewed and approved by the board of directors.

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

Revisit annually and sign. January board meeting revisit grievance policy and how to address.

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

All compensation is reviwed/approved by the board. All salaries are based on the market pay rates.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

All compensation is reviwed/approved by the board. All salaries are based on the market pay rates.

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

Disclosure of governing docs, policies, and financial statements were available to the public during the tax year via the foundation's website.

Filing and Contact Details

Filer

Filer Name
Bountiful Davis Art Foundation
EIN
94-2771449
Phone
8012953618
Address
90 No Main Street, Bountiful, UT 84010

Signing Officer

Name
Alysa Revell
Title
Executive Direc
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
Ut
Voting Board Members
15
Independent Board Members
18
Employees
7
Volunteers
300

Preparer

Firm
Huber Erickson & Bowman LLC
Address
375 South 300 West, Salt Lake City, UT 84101
Preparer
Chesley H Erickson
Phone
8013285000
Supplemental Narrative

Additional Explanations

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

Other program services 4: allocation and program relations

Form 990, Part IX, Line 24E: Other Expenses

: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

BANK CHARGES: Column (A) - Total = $3207; Column (B) - Program Services = $1988; Column (C) - Management & General = $674; Column (D) - Fundraising = $545

Form 990, Part IX, Line 24E: Other Expenses

BOARD MEETINGS: Column (A) - Total = $497; Column (B) - Program Services = $0; Column (C) - Management & General = $497; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

CLASS SUPPLIES: Column (A) - Total = $24; Column (B) - Program Services = $24; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

COMPUTER EXPENSE: Column (A) - Total = $11905; Column (B) - Program Services = $7381; Column (C) - Management & General = $2500; Column (D) - Fundraising = $2024

Form 990, Part IX, Line 24E: Other Expenses

CONTRACT SERVICES: Column (A) - Total = $174; Column (B) - Program Services = $108; Column (C) - Management & General = $36; Column (D) - Fundraising = $30

Form 990, Part IX, Line 24E: Other Expenses

CREATIVE PLACE MAKING INITIATI: Column (A) - Total = $1000; Column (B) - Program Services = $1000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

DONATIONS: Column (A) - Total = $500; Column (B) - Program Services = $310; Column (C) - Management & General = $105; Column (D) - Fundraising = $85

Form 990, Part IX, Line 24E: Other Expenses

FEES: Column (A) - Total = $1483; Column (B) - Program Services = $920; Column (C) - Management & General = $311; Column (D) - Fundraising = $252

Form 990, Part IX, Line 24E: Other Expenses

FUNDRAISING EXPENSE: Column (A) - Total = $200; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $200

Form 990, Part IX, Line 24E: Other Expenses

GIFTS: Column (A) - Total = $10; Column (B) - Program Services = $6; Column (C) - Management & General = $2; Column (D) - Fundraising = $2

Form 990, Part IX, Line 24E: Other Expenses

GINGERBREAD FESTIVAL: Column (A) - Total = $1694; Column (B) - Program Services = $1694; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

INTERNET: Column (A) - Total = $2340; Column (B) - Program Services = $1451; Column (C) - Management & General = $491; Column (D) - Fundraising = $398

Form 990, Part IX, Line 24E: Other Expenses

LICENSES AND PERMITS: Column (A) - Total = $133; Column (B) - Program Services = $82; Column (C) - Management & General = $28; Column (D) - Fundraising = $23

Form 990, Part IX, Line 24E: Other Expenses

MISCELLANEOUS: Column (A) - Total = $3465; Column (B) - Program Services = $2148; Column (C) - Management & General = $728; Column (D) - Fundraising = $589

Form 990, Part IX, Line 24E: Other Expenses

MUSIC PROGRAM EXPENSES: Column (A) - Total = $884; Column (B) - Program Services = $884; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OTHER EVENTS: Column (A) - Total = $424; Column (B) - Program Services = $424; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $323; Column (B) - Program Services = $200; Column (C) - Management & General = $68; Column (D) - Fundraising = $55

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $1321; Column (B) - Program Services = $819; Column (C) - Management & General = $277; Column (D) - Fundraising = $225

Form 990, Part IX, Line 24E: Other Expenses

REFUNDS: Column (A) - Total = $1923; Column (B) - Program Services = $1923; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

REPAIRS AND MAINTENANCE: Column (A) - Total = $1900; Column (B) - Program Services = $1178; Column (C) - Management & General = $399; Column (D) - Fundraising = $323

Form 990, Part IX, Line 24E: Other Expenses

SUMMERFEST: Column (A) - Total = $5560; Column (B) - Program Services = $5560; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TELEPHONE: Column (A) - Total = $3184; Column (B) - Program Services = $1974; Column (C) - Management & General = $669; Column (D) - Fundraising = $541

Financial Statement Notes

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

Bountiful Davis Art Foundation has maintained a collection of several pieces of art over the years. Bountiful Davis Art Foundation frequently places the collection on public exhibit as a part of its mission.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
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IRS990/OfficeExpensesGrp/ProgramServicesAmt01238
IRS990/OfficeExpensesGrp/TotalAmt01996
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IRS990/OtherExpensesGrp/Desc0TAXES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23005
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410000
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0135967
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt094118
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0195225
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt031800
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt031800
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt031800
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt031800
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0159000
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$1.15$1.90$3.54$4.55$1.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$1.26$2.90$2.86$3.01$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$1.24$2.88$2.42$3.02$0.60
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$1.23$3.79$3.19$3.08$0.10
2020Detailed filing. Detailed filing data is available for this year.$5.35$1.67$3.69$1.93$2.82$0.90
2019Detailed filing. Detailed filing data is available for this year.$4.50$0.04$4.46$1.94$2.77$0.83
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$0.05$5.04$2.36$2.49$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.26$0.07$5.19$2.30$2.42$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.21$0.06$5.15$3.05$2.31$0.74
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.35$0.09$4.27$3.35$2.65$0.70
2014Detailed filing. Detailed filing data is available for this year.$3.67$0.08$3.59$2.16$2.20$0.03
2013Detailed filing. Detailed filing data is available for this year.$3.81$0.32$3.49$1.92$1.99$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.28$3.48$1.77$1.92$0.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $500k-$1M nonprofits