Civic Intelligence

Magic Valley Arts Council Inc.

990 • Fiscal year 2012 • EIN 94-3087224

May 01, 2011 to Apr 30, 2012 • Filed on Apr 30, 2012

Organization Profilewww.magicvalleyartscouncil.org
195 River Vista Place83301
Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

72nd percentile

8.7%

Faster asset growth than 72% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,378,988

Up $110,617 (+8.7%) from 2011

Net Assets

Up

$1,378,184

Up $110,819 (+8.7%) from 2011

Liabilities

Down

$804

Down $202 (-20%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$214,483

Up $53,409 (+33%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$1.5M$1.0M$500K$0Assets 2010: $873,822Liabilities 2010: $684Net Assets 2010: $873,1382010Assets 2011: $1,268,371Liabilities 2011: $1,006Net Assets 2011: $1,267,3652011Assets 2012: $1,378,988Liabilities 2012: $804Net Assets 2012: $1,378,1842012Assets 2014: $1,304,490Liabilities 2014: $1,452Net Assets 2014: $1,303,0382014Assets 2015: $1,283,363Liabilities 2015: $2,272Net Assets 2015: $1,281,0912015Assets 2016: $1,211,657Liabilities 2016: $6,066Net Assets 2016: $1,205,5912016Assets 2017: $1,201,710Liabilities 2017: $16,614Net Assets 2017: $1,185,0962017Assets 2018: $1,170,630Liabilities 2018: $4,679Net Assets 2018: $1,165,9512018Assets 2019: $1,161,565Liabilities 2019: $15,028Net Assets 2019: $1,146,5372019Assets 2020: $1,116,036Liabilities 2020: $2,491Net Assets 2020: $1,113,5452020Assets 2021: $1,116,461Liabilities 2021: $1,155Net Assets 2021: $1,115,3062021Assets 2022: $1,127,296Liabilities 2022: $3,811Net Assets 2022: $1,123,4852022Assets 2023: $1,125,111Liabilities 2023: $2,325Net Assets 2023: $1,122,7862023Assets 2024: $1,109,052Liabilities 2024: $7,026Net Assets 2024: $1,102,0262024Assets 2025: $1,091,148Liabilities 2025: $3,559Net Assets 2025: $1,087,5892025

Highlighted filing

2012

Assets$1,378,988
Liabilities$804
Net Assets$1,378,184
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2010: $171,113Expenses 2010: $75,902Net Income 2010: $95,2112010Expenses 2011: $161,0742011Expenses 2012: $214,4832012Revenue 2014: $222,191Expenses 2014: $270,166Net Income 2014: -$47,9752014Revenue 2015: $264,624Expenses 2015: $286,571Net Income 2015: -$21,9472015Revenue 2016: $249,251Expenses 2016: $324,751Net Income 2016: -$75,5002016Revenue 2017: $333,440Expenses 2017: $353,935Net Income 2017: -$20,4952017Revenue 2018: $360,786Expenses 2018: $379,931Net Income 2018: -$19,1452018Revenue 2019: $360,757Expenses 2019: $380,171Net Income 2019: -$19,4142019Revenue 2020: $308,979Expenses 2020: $341,971Net Income 2020: -$32,9922020Revenue 2021: $302,016Expenses 2021: $300,255Net Income 2021: $1,7612021Revenue 2022: $359,338Expenses 2022: $351,159Net Income 2022: $8,1792022Revenue 2023: $345,759Expenses 2023: $346,458Net Income 2023: -$6992023Revenue 2024: $345,620Expenses 2024: $366,380Net Income 2024: -$20,7602024Revenue 2025: $400,742Expenses 2025: $415,179Net Income 2025: -$14,4372025

Highlighted filing

2012

Revenue-
Expenses$214,483
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2011 to Apr 30, 2012
Signed
Apr 30, 2012
Return Version
2011v1.2
Gross Receipts
$325,302
Mission and Program Overview

Mission

The Magic Valley Arts council is a non-profit agency that fosters and promotes art and cultural experiences for all people in the Greater Twin Falls area and surrounding Magic Valley Region.

Major Activities

Activity 2
Winter Concert series attended by approximately 110 community members
Activity 3
The Magic Valley Arts Council sponsored a local Jazz Club open to community members
Filing and Contact Details

Filer

EIN
94-3087224
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IRS990/ActivityOther/Description0The Magic Valley Arts Council sponsored a National Smithsonian Institute art exhibit entitled The Way We Worked photo open to the general public Additionally the Arts Council in conjunction with the Art Guild hosted a community-wide art exhibit and contest open to the general public
IRS990/ActivityOther/Description1Provided a venue for a Magic Show presented by the Magic Valley Magicians Club
IRS990/ActivityOther/Description2Hosted the locally produced and locally cast play Tears for Llorona written by a local playwright
IRS990/ActivityOther/Description3Full Moon Gallery of Fine Art and Contemporary Craft displays and sells the art of local artist from various disciplines and artistic styles Over 6000 community members take advantage of the art displays and sale items
IRS990/ActivityOther/Description4Twin Falls City Council Chambers Art Display showcases the work of local artists with art work being changed every two months The display is open to the general public and can be viewed whenever the council chambers are open
IRS990/ActivityOther/Description5The Magic Valley Arts Council sponsors the permanent public displays of prominent local sculptures throughout the city of Twin Falls including the Millennium Sculptures located throuhgout the city the Centennial Art Project sculpture of IB Perrine located at the Buzz Langdon Visitors Center and the Twins sculpture located on the Perrine Bridge Trail view point
IRS990/ActivityOther/Description6The Magic Valley Arts Council hosts the traveling exhibitions of the Idaho Watercolor Society providing viewing to over a 1000 participants
IRS990/ActivityOther/Description7The Magic Valley Arts Council in partnership with the College of Southern Idaho provides performing arts musical and dance productions serving the general public with over 600 tickets sold
IRS990/ActivityOther/Description8The Kids Art in the Park program sponsored by the Magic Valley Arts Council encourages local children to develop an understanding and appreciation for artwork by engaging in active participation This program served approximately 275 children this y ear
IRS990/ActivityOther/Description9The Magic Valley Arts Council hosted a photo contest with 22 local entrants and a reception for the public to view the photography
IRS990/ActivityOther/Description10Hosted a photography exhibit entitiled On the Trail open to the general public
IRS990/ActivityOther/Description11The Magic Valley Arts Council in partnership with the Missoula Childrens Theatre produced a local play featuring 50 local kids and 2 performances attenede by over 1000 community members
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IRS990ScheduleO/GeneralExplanation/Explanation0The Board Treasurer conducts the initial 990 review in consultation with the tax return CPA The Treasurer then presents the form 990 to the entire board for consideration and authorization of signature
IRS990ScheduleO/GeneralExplanation/Explanation1The Magic Valley Arts Council adheres to a Conflict of Interest Policy that includes definitions regarding interested person financial interest and independent director The policy provides procedures for duty to disclose recusal of self determining whether a conflict exists procedures for addressing a conflict of interest and for violations of the conflict of interest policy The policy provides a provision for creating and maintaining documentation of the records of proceedings regarding conflicts The policy precludes compensated directors from voting on matters pertaining to compensation An annual review of the policy is conducted by the Board of Directors with each director principal officer and committee members affirming receipt and understanding of the policy
IRS990ScheduleO/GeneralExplanation/Explanation2The Board of Directors reviews the compensation policy annually and establishes and approves compensation for the executive director for the coming year
IRS990ScheduleO/GeneralExplanation/Explanation3The Board of Directors reviews the compensation policy annually and establishes and approves compensation for officers and key employees for the coming year
IRS990ScheduleO/GeneralExplanation/Explanation4The Board of Directors maintains a policy of keeping governing documents tax returns and operational policies and procedures available for public review These documents are available upon request through the main office of the Magic Valley Arts Council
IRS990ScheduleO/GeneralExplanation/Identifier001. Form 990 governing body review (Part VI, line 11)
IRS990ScheduleO/GeneralExplanation/Identifier102. Conflict of interest policy compliance (Part VI, line 12c)
IRS990ScheduleO/GeneralExplanation/Identifier203. CEO, executive director, top management comp (Part VI, line 15a)
IRS990ScheduleO/GeneralExplanation/Identifier304. Other officer or key employee compensation (Part VI, line 15b
IRS990ScheduleO/GeneralExplanation/Identifier405. Governing documents, etc, available to public (Part VI, line 19)
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IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0ID
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10195 River Vista Place
IRS990/TheBooksAreInCareOf/AddressUS/City0Twin Falls
IRS990/TheBooksAreInCareOf/AddressUS/State0ID
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode083301
IRS990/TheBooksAreInCareOf/NamePerson0Pattie Lopshire
IRS990/TheBooksAreInCareOf/TelephoneNumber02087342787
IRS990/TotalAssets/BOY01268371
IRS990/TotalAssetsBOY01268371
IRS990/TotalAssets/EOY01378988
IRS990/TotalAssetsEOY01378988
IRS990/TotalCompGT150K0false
IRS990/TotalContributions0174682
IRS990/TotalExpensesCurrentYear0214483
IRS990/TotalExpensesPriorYear0161074
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0155501
IRS990/TotalFunctionalExpenses/ProgramServices058982
IRS990/TotalFunctionalExpenses/Total0214483
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY01006
IRS990/TotalLiabilitiesBOY01006
IRS990/TotalLiabilities/EOY0804
IRS990/TotalLiabilitiesEOY0804
IRS990/TotalLiabNetAssetsFundBalances/BOY01268371
IRS990/TotalLiabNetAssetsFundBalances/EOY01378988
IRS990/TotalNbrEmployees04
IRS990/TotalNbrVolunteers05
IRS990/TotalNetAssetsFundBalances/BOY01267365
IRS990/TotalNetAssetsFundBalances/EOY01378184
IRS990/TotalOfOtherProgramServiceExp049518
IRS990/TotalOfOtherProgramServiceRev0119914
IRS990/TotalOtherCompensation00
IRS990/TotalOtherRevenue0108
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense058982
IRS990/TotalProgramServiceRevenue0124042
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg036400
IRS990/TotalRevenueCurrentYear0325302
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IRS990/TotalRevenue/TotalRevenueColumn0325302
IRS990/TotalRevenue/UnrelatedBusinessRevenue00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,378,988
Liabilities
$804
Net assets
$1,378,184
Revenue
-
Expenses
$214,483
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.40$0.42$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.01$1.10$0.35$0.37$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.12$0.35$0.35$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.12$0.36$0.35$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.30$0.30$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.11$0.31$0.34$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.02$1.15$0.36$0.38$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.36$0.38$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.20$0.02$1.19$0.33$0.35$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.21$0.25$0.32$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.26$0.29$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.22$0.27$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.00$1.38$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.00$1.27$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$0.17$0.08$0.10