Civic Intelligence

Magic Valley Arts Council Inc.

990 • Fiscal year 2018 • EIN 94-3087224

May 01, 2017 to Apr 30, 2018 • Filed on Jun 25, 2018

195 River Vista PlaceTwin Falls, ID 83301

(208) 734-2787

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

27th percentile

-5.3%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$43,597

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.6%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

8.2%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,170,630

Down $31,080 (-2.6%) from 2017

Net Assets

Down

$1,165,951

Down $19,145 (-1.6%) from 2017

Liabilities

Down

$4,679

Down $11,935 (-72%) from 2017

Revenue

Up

$360,786

Up $27,346 (+8.2%) from 2017

Expenses

Up

$379,931

Up $25,996 (+7.3%) from 2017

Net Income

Up

-$19,145

Up $1,350 (+6.6%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$1,170,630
Liabilities$4,679
Net Assets$1,165,951

Operations Trend

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

2018

Revenue$360,786
Expenses$379,931
Net Income-$19,145
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Jun 25, 2018
Return Version
2017v2.2
Gross Receipts
$360,786
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,185,096$1,165,951▼ $19,145
Land, Buildings, and Equipment, Net$1,112,112$1,073,222▼ $38,890
Cash and Non-Interest-Bearing Accounts$67,248$74,914▲ $7,666
Savings and Temporary Cash Investments$22,350$22,494▲ $144
Total Assets$1,201,710$1,170,630▼ $31,080
Liabilities
Deferred Revenue$16,611$4,288▼ $12,323
Accounts Payable and Accrued Expenses$3$391▲ $388
Total Liabilities$16,614$4,679▼ $11,935
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,185,096$1,165,951▼ $19,145
Total Liabilities and Net Assets / Fund Balance$1,201,710$1,170,630▼ $31,080

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$953,350$193,290$1,146,640
Equipment$44,872$208,907$253,779
Land$75,000-$75,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carolyn WhiteExecutive DirectorFT$43,597$43,597

Board Members and Trustees

NameTitle
Jean ShawverPresident
Ron SilversVice President
Alice AndersonBoard Member
Dennis BowyerBoard Member
Jan MittleiderBoard Member
Kaylynn JohnsonBoard Member
Mardo EatonBoard Member
Mike TrabertBoard Member
Pegan CookBoard Member
Susan WatersBoard Member
Suzanne McCampbellBoard Member
Marykay MartinSecretary
Lisa DonnelleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$127,386
Program Service Revenue
$196,317
Investment Income
$0
Other Revenue
$37,083
All Other Contributions
$77,873
Change in Net Assets
$-19,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$274,954
Salaries, Compensation, and Employee Benefits$104,977
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$148,751$11,480-$160,231
Other Salaries and Wages-$54,308-$54,308
Occupancy-$45,781-$45,781
Current Officers, Directors, Trustees, and Key Employees-$43,597-$43,597
Depreciation Depletion-$38,890-$38,890
Office Expenses-$8,473-$8,473
Fees for Services Other-$7,620-$7,620
Payroll Taxes-$7,072-$7,072
Information Technology-$4,061-$4,061
Insurance-$3,621-$3,621
Fees for Services Accounting-$1,540-$1,540
Conferences and Meetings-$969-$969
Advertising-$624-$624
Other Expenses-$294-$294
Travel-$166-$166
Interest-$2-$2
Total Functional Expenses$148,751$231,180$0$379,931
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The 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.

Conflict of interest policy compliance Part VI line 12C

The 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.

CEO executive director top management comp Part VI line 15A

The Board of Directors reviews the compensation policy annually and establishes and approves compensation for the executive director for the coming year.

Other officer or key employee compensation Part VI line 15B

The Board of Directors reviews the compensation policy annually and establishes and approves compensation for officers and key employees for the coming year.

Governing documents etc available to public Part VI line 19

The 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.

Filing and Contact Details

Filer

Filer Name
Magic Valley Arts Council
EIN
94-3087224
Address
195 River Vista Place, Twin Falls, ID 83301

Signing Officer

Name
Carolyn White
Title
Executive Direc
Phone
2087342787
Signed
2018-06-25
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
Id
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
13

Preparer

Firm
Tilley and Lincoln Pllc
Address
691 Addison Ave, Twin Falls, ID 83301
Preparer
Dennis Tilley
Phone
2087335811
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Other expenses include program specific expenses of $87,115 and operational expenses of $18,3046.

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IRS990/ProgSrvcAccomActy2Grp/Desc0The Magic Valley Arts Council hosted Thousand Springs Festival of the Arts, located on Ritter Island. Over 80 artist lined in the park for a festival of live entertainment and variety of food. Over 4,000 people attended this event. Supporters of the event sponsored $3,500.00.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Full 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. Magic Valley Arts Council hosted 6 open house & artist receptions.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Magic Valley Arts Council in collaboration with Jazz on the Canyon committee and the Twin Falls School District Foundation host Jazz on the Canyon to support music outreach programs for youth in the Twin Falls School District along with the Jazz camp at College of Southern Idaho. Jazz on the Canyon is an elegant mix of fine dining, vibrant conversation and lively music, open to the general public and attended by over 300 community members.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1The Magic Valley Arts Council in partnership with the Missoula Childrens Theatre produced a local play featuring 63 local kids and 2 performances attended by over 650 community members. Program included outreach workshops to 9 local schools. Supporters sponsored $6,195.00
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Magic Valley Arts Council hosted Art in the Park, a day in a half featuring over 30 artisan booths and 2 musical concerts. Attended by over 2,000 people. Supporters sponsored $2,500.00.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3The Idaho Commission on the Arts together with the Magic Valley Arts Council hosted Idahos first Silversmith Symposium at the Twin Falls Center for the Arts,Fourteen silversmiths from around the state gathered for two all-day sessions of classroom instruction and workshop opportunities. Program provided an occasion for silversmiths to meet, network, update business and marketing aspects of their craft, add to their skill sets through a hands-on workshop, and discuss ideas for the perpetuation of their art form.
IRS990/ProgSrvcAccomActyOtherGrp/Desc4The 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 370 children this year. Supporters sponsored $7,603.75.
IRS990/ProgSrvcAccomActyOtherGrp/Desc5Magic Valley Arts Council participated in, Magic Valley Festival of Giving fundraiser to support local charities and non-profits.
IRS990/ProgSrvcAccomActyOtherGrp/Desc6The Magic Valley Arts Council in partnership with the College of Southern Idaho provides Arts on Tour, a performing arts musical and dance production with 4 student outreach workshops. Serving the general public with over 6000 tickets sold.
IRS990/ProgSrvcAccomActyOtherGrp/Desc7Magic Valley Arts Council Hosted Indie Lens Pop-Up Film Series, a national documentary screening series that is a groundbreaking public education and civic engagement initiative, open to the general public. Event featured 7 films, followed by moderated open discussion by local experts to the subject matters discussed in the films. Supporters sponsored $2,100.00.
IRS990/ProgSrvcAccomActyOtherGrp/Desc8Magic Valley Arts Council hosted Idaho Shakespeare Festivals Shakesperience, featuring a performance of Julius Ceasar.
IRS990/ProgSrvcAccomActyOtherGrp/Desc9Hosts a Camera Club with monthly meetings, lectures and presentations with 75 participants.
IRS990/ProgSrvcAccomActyOtherGrp/Desc10The Magic Valley Arts Council hosted Art of the Gift, featuring the creative works of more than 30 local authors and artists, attended by the general public.
IRS990/ProgSrvcAccomActyOtherGrp/Desc11Sponsored discounted Art Classes to the general public and attended by about 100 community members.
IRS990/ProgSrvcAccomActyOtherGrp/Desc12Hosted 4 Brown Bag Lecture Series with 80 attendees per lecture.
IRS990/ProgSrvcAccomActyOtherGrp/Desc13Magic Valley Arts Council hosted Fabio, a concert with over 80 tickets sold.
IRS990/ProgSrvcAccomActyOtherGrp/Desc14Magic Valley Arts Council partnered with College of Southern Idaho in hosting Antigonick Directors Circle, an evening of jazz, wine, food and discussion with Antigonick director Shane Brown.
IRS990/ProgSrvcAccomActyOtherGrp/Desc15Magic Valley Arts Councils Full Moon Gallery hosted Idaho Bookers Dozen, an exhibition of Artists Books.
IRS990/ProgSrvcAccomActyOtherGrp/Desc16Magic Valley Arts Council hosted a free concert with proformances by Twin Falls Municipal Band at Twin Falls Center for the Arts, which was open to the public.
IRS990/ProgSrvcAccomActyOtherGrp/Desc17The Magic Valley Arts Council sponsors the permanent public displays of prominent local art and sculptures throughout the city of Twin Falls, including the Diligent Usher horse sculpture located at North 5 points pocket park in collaboration with the Twin Falls Canal Co., Twin Falls Parks & Recreation Dept., and the Twin Falls Historical Society. Magic Valley Arts Council worked closely with the Sub Arts Committee Permaedge, and the Twin Falls Urban Renewal Agencys Art Committee for a public art display at the downtown Twin Falls Commons, a public area.
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Filings

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