Civic Intelligence

Magic Valley Arts Council Inc.

990 • Fiscal year 2021 • EIN 94-3087224

May 01, 2020 to Apr 30, 2021 • Filed on Dec 14, 2021

Organization ProfileWWW.MAGICVALLEYARTSCOUNCIL.ORG
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

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

27th percentile

0.6%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

47th percentile

$45,009

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

27th percentile

0.0%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-2.3%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$1,116,461

Up $425 (+0.0%) from 2020

Net Assets

Up

$1,115,306

Up $1,761 (+0.2%) from 2020

Liabilities

Down

$1,155

Down $1,336 (-54%) from 2020

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin27th percentile

Revenue

Down

$302,016

Down $6,963 (-2.3%) from 2020

Expenses

Down

$300,255

Down $41,716 (-12%) from 2020

Net Income

Up

$1,761

Up $34,753 (+105%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2021

Assets$1,116,461
Liabilities$1,155
Net Assets$1,115,306
Open 2021 Filing

Operations Trend

Revenue Growth28th percentile

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

2021

Revenue$302,016
Expenses$300,255
Net Income$1,761
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Dec 14, 2021
Return Version
2020v4.0
Gross Receipts
$313,697
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$1,113,545$1,115,306▲ $1,761
Land, Buildings, and Equipment, Net$1,005,300$972,443▼ $32,857
Cash and Non-Interest-Bearing Accounts$87,957$121,140▲ $33,183
Savings and Temporary Cash Investments$22,779$22,878▲ $99
Total Assets$1,116,036$1,116,461▲ $425
Liabilities
Accounts Payable and Accrued Expenses$2,491$1,155▼ $1,336
Total Liabilities$2,491$1,155▼ $1,336
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,113,545$1,115,306▲ $1,761
Total Liabilities and Net Assets / Fund Balance$1,116,036$1,116,461▲ $425

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$897,443$502,976$1,400,419
Land$75,000-$75,000
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Melissa CraneExecutive DiFT$45,009$45,009

Board Members and Trustees

NameTitle
Jean ShawverPresident
Alice AndersonBoard Member
Bob SojkaBoard Member
Jason NeilBoard Member
Mike TrabertBoard Member
Paula SinclairBoard Member
Pegan CookBoard Member
Susan WatersBoard Member
Winnie ChristiansenBoard Member
Bonnie HoagSecretary
Dennis BowyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,807
Program Service Revenue
$101,642
Investment Income
$170
Other Revenue
$9,397
All Other Contributions
$96,200
Change in Net Assets
$1,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,367
Salaries, Compensation, and Employee Benefits$92,888
Total Fundraising Expense$601
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$74,996--$74,996
Occupancy$52,484--$52,484
Current Officers, Directors, Trustees, and Key Employees-$45,009-$45,009
Other Salaries and Wages$39,040--$39,040
Depreciation Depletion$32,857--$32,857
Advertising$20,627-$601$21,228
Office Expenses$9,958$3,921-$13,879
Payroll Taxes$8,839--$8,839
Insurance$2,676$2,675-$5,351
Fees for Services Accounting-$3,473-$3,473
Fees for Services Other$3,099--$3,099
Total Functional Expenses$244,576$55,078$601$300,255
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 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, Page 6, Part VI, Line 11B

“The executive director conducts the initial 990 rewiew in consultation with the tax return preparer. The executive director then presents the return to the entire board for consideration and authoration of signature.”

Form 990, Page 6, 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 interest policy. The policy provides a provision for creating and maintaing 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.”

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

“The board of directors reviews the compensation policy annually and establishes and approves compensation for the executive director and marketing director for the coming year.”

Form 990, Page 6, 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.”

Form 990, Page 6, 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 availbable 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
Phone
2087342787
Address
195 RIVER VISTA PLACE, TWIN FALLS, ID 83301

Signing Officer

Name
Melissa Crane
Title
Executive Director
Phone
2087342787
Signed
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Crane
Formed
1989
Legal Domicile
Id
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
100

Preparer

Firm
Tilley & Lincoln Cpas
Address
691 ADDISON AVE, TWIN FALLS, ID 83301
Preparer
Dennis Tilley
Phone
2087335811
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“VAIOUS ART PROGRAMS”

Raw XML AppendixShowing 400 of 422 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ART & SOUL OF THE MAGIC VALLEY IS AN ANNUAL ART COMPETITION. LOCAL BUSINESSES SERVE AS GALLERIES TO DISPLAY ARTISTS' WORK DURING THE EVENT. LOCAL AND OUT OF TOWN VISITORS VOTE ON THE DISPLAYS. WINNERS ARE DETERMINED BY THE NUMBER OF PUBLIC VOTES RECIEVED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VAIOUS ART PROGRAMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR CONDUCTS THE INITIAL 990 REWIEW IN CONSULTATION WITH THE TAX RETURN PREPARER. THE EXECUTIVE DIRECTOR THEN PRESENTS THE RETURN TO THE ENTIRE BOARD FOR CONSIDERATION AND AUTHORATION OF SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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 INTEREST POLICY. THE POLICY PROVIDES A PROVISION FOR CREATING AND MAINTAING 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/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION POLICY ANNUALLY AND ESTABLISHES AND APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND MARKETING DIRECTOR FOR THE COMING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION POLICY ANNUALLY AND ESTABLISHES AND APPROVES COMPENSATION FOR OFFICERS AND KEY EMPLOYEES FOR THE COMING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS MAINTAINS A POLICY OF KEEPING GOVERNING DOCUMENTS, TAX RETURNS, AND OPERATIONAL POLICIES AND PROCEDURES AVAILABLE FOR PUBLIC REVIEW. THESE DOCUMENTS ARE AVAILBABLE UPON REQUEST THROUGH THE MAIN OFFICE OF THE MAGIC VALLEY ARTS COUNCIL.
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,116,461
Liabilities
$1,155
Net assets
$1,115,306
Revenue
$302,016
Expenses
$300,255
Net income
$1,761
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