Civic Intelligence

Glendale Arts

990 • Fiscal year 2020 • EIN 95-4416336

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 04, 2021

116 West California AvenueGlendale, CA 91203

(818) 243-2611

Siviq Scores

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

Liabilities / Assets

98th percentile

1.85x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.41x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$70,081

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-28%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$362,752

Down $94,863 (-21%) from 2019

Net Assets

Down

-$306,815

Down $424,907 (-360%) from 2019

Liabilities

Up

$669,567

Up $330,044 (+97%) from 2019

Revenue

Down

$1,650,941

Down $654,973 (-28%) from 2019

Expenses

Down

$2,075,848

Down $344,097 (-14%) from 2019

Net Income

Down

-$424,907

Down $310,876 (-273%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $681,722Liabilities 2011: $114,897Net Assets 2011: $566,8252011Assets 2012: $581,463Liabilities 2012: $120,694Net Assets 2012: $460,7692012Assets 2013: $596,367Liabilities 2013: $106,680Net Assets 2013: $489,6872013Assets 2014: $435,208Liabilities 2014: $338,691Net Assets 2014: $96,5172014Assets 2015: $531,360Liabilities 2015: $384,780Net Assets 2015: $146,5802015Assets 2016: $458,227Liabilities 2016: $258,220Net Assets 2016: $200,0072016Assets 2017: $633,022Liabilities 2017: $315,483Net Assets 2017: $317,5392017Assets 2018: $570,732Liabilities 2018: $338,609Net Assets 2018: $232,1232018Assets 2019: $457,615Liabilities 2019: $339,523Net Assets 2019: $118,0922019Assets 2020: $362,752Liabilities 2020: $669,567Net Assets 2020: -$306,8152020Assets 2021: $411,649Liabilities 2021: $1,104,641Net Assets 2021: -$692,9922021Assets 2022: $820,294Liabilities 2022: $572,674Net Assets 2022: $247,6202022Assets 2023: $657,992Liabilities 2023: $566,575Net Assets 2023: $91,4172023Assets 2025: $226,078Liabilities 2025: $491,869Net Assets 2025: -$265,7912025

Highlighted filing

2020

Assets$362,752
Liabilities$669,567
Net Assets-$306,815

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,620,694Expenses 2011: $1,654,044Net Income 2011: -$33,3502011Revenue 2012: $1,573,168Expenses 2012: $1,687,184Net Income 2012: -$114,0162012Revenue 2013: $1,794,146Expenses 2013: $1,763,755Net Income 2013: $30,3912013Revenue 2014: $1,469,984Expenses 2014: $1,863,869Net Income 2014: -$393,8852014Revenue 2015: $1,517,699Expenses 2015: $1,467,636Net Income 2015: $50,0632015Revenue 2016: $2,238,208Expenses 2016: $2,074,195Net Income 2016: $164,0132016Revenue 2017: $2,382,579Expenses 2017: $2,270,373Net Income 2017: $112,2062017Revenue 2018: $2,205,260Expenses 2018: $2,294,172Net Income 2018: -$88,9122018Revenue 2019: $2,305,914Expenses 2019: $2,419,945Net Income 2019: -$114,0312019Revenue 2020: $1,650,941Expenses 2020: $2,075,848Net Income 2020: -$424,9072020Revenue 2021: $826,263Expenses 2021: $1,212,440Net Income 2021: -$386,1772021Revenue 2022: $1,801,855Expenses 2022: $861,243Net Income 2022: $940,6122022Revenue 2023: $225,674Expenses 2023: $381,877Net Income 2023: -$156,2032023Revenue 2025: $199,034Expenses 2025: $405,283Net Income 2025: -$206,2492025

Highlighted filing

2020

Revenue$1,650,941
Expenses$2,075,848
Net Income-$424,907
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 4, 2021
Return Version
2019v5.0
Gross Receipts
$1,650,941
Mission and Program Overview

Mission

The mission of glendale arts is to integrate the arts into the identity, growth and economic vitality of the city of glendale by preesenting programming and creating partnerships that benefit youth, patrons, artists, organizations and businesses in the community and at the alex theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$177,016$184,386▲ $7,370
Cash and Non-Interest-Bearing Accounts$95,173$155,243▲ $60,070
Investments Other Securities$91,402$0▼ $91,402
Accounts Receivable$92,577$16,938▼ $75,639
Inventories for Sale or Use$1,447$6,185▲ $4,738
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$457,615$362,752▼ $94,863
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$198,631$270,593▲ $71,962
Mortgage Notes Payable Secured by Investment Property-$203,609-
Other Liabilities$140,892$195,365▲ $54,473
Total Liabilities$339,523$669,567▲ $330,044
Net Assets / Fund Balance
Net Assets With Donor Restrictions$136,709$37,309▼ $99,400
Net Assets Without Donor Restrictions$-18,617$-344,124▼ $325,507
Total Net Assets Fund Balance$118,092$-306,815▼ $424,907
Total Liabilities and Net Assets / Fund Balance$457,615$362,752▼ $94,863

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$61,215$737,246$798,461
Equipment$123,171$548,190$671,361
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elissa GlickmanCEOFT$70,081$70,081

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$402,884
Program Service Revenue
$1,245,652
Investment Income
$2,405
Other Revenue
$0
All Other Contributions
$252,884
Change in Net Assets
$-424,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,236,820
Other Expenses$839,028
Total Fundraising Expense$9,572
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$913,451$85,721-$999,172
All Other Expenses$124,502$25,546$9,572$159,620
Insurance$97,843$24,461-$122,304
Payroll Taxes$76,215$18,257-$94,472
Fees for Services Accounting$74,710$11,295-$86,005
Current Officers, Directors, Trustees, and Key Employees$70,081--$70,081
Other Employee Benefits$51,692$12,771-$64,463
Depreciation Depletion$38,882$7,535-$46,417
Other Expenses$43,659$972-$44,631
Advertising$29,316$9,968-$39,284
Fees for Services Other$33,900$150-$34,050
Occupancy$25,875$7,644-$33,519
Pension Plan Contributions-$8,632-$8,632
Office Expenses$4,266$1,331-$5,597
Interest$1,876$1,986-$3,862
Total Functional Expenses$1,838,021$228,255$9,572$2,075,848
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
Deferred Revenue and Deposits$195,365
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Line 11B: Form 990 Review Process

The 990 form is reviewed by the executive director and the board of directors and the chair will sign the tax return upon approval by the board.

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

Each member of the board is provided with a copy of the conflict of interest and ethics policy when they join the board and the policies are included in the employee handbook that each employee is asked to review upon hire and is provided with updates throughout the calendar year. Each member of the board and the management staff are required to sign a conflict of interest and ethics assurance statement. The board chair monitors and enforces the policies as they relate to board members and the ceo. The ceo monitors and enforces the policies as they relate to members of the staff. In the event of an infraction of one of the policies, it is investigated by and appropriate action is taken by the executive commitee.each member of the board is provided with a copy of the conflict of interest and ethics policy when they join the board and the policies are included in the employee handbook that each employee is asked to review upon hire and is provided with updates throughout the calendar year. Each member of the board and the management staff are required to sign a conflict of interest and ethics assurance statement. The board chair monitors and enforces the policies as they relate to board members and the ceo. The ceo monitors and enforces the policies as they relate to members of the staff. In the event of an infraction of one of the policies, it is investigated by and appropriate action is taken by the executive commitee.

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

A review of similar organizations and use of california center for non-profit managemnet annual salary survey for southern california.

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

The form 990 is available on the website. All government documents, policies and financial statements are available at the organization's administrative office for public inspection.

Filing and Contact Details

Filer

Filer Name
Glendale Arts
EIN
95-4416336
Phone
8182432611
Address
116 WEST CALIFORNIA AVENUE, GLENDALE, CA 91203

Signing Officer

Name
Phil Kubel
Title
Chairman
Signed
2021-08-04
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
57

Preparer

Firm
The Accountancy Llp
Address
500 N Brand Blvd Fl 20, Glendale, CA 91203
Preparer
Michael Velazquez CPAPFS CFP
Phone
8185475701
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IRS990/MissionDesc0THE MISSION OF GLENDALE ARTS IS TO INTEGRATE THE ARTS INTO THE IDENTITY, GROWTH AND ECONOMIC VITALITY OF THE CITY OF GLENDALE BY PREESENTING PROGRAMMING AND CREATING PARTNERSHIPS THAT BENEFIT YOUTH, PATRONS, ARTISTS, ORGANIZATIONS AND BUSINESSES IN THE COMMUNITY AND AT THE ALEX THEATRE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAMS AND SERVICES- GLENDALE ARTS PROVIDES RESOURCES TO FOSTER AND STRENGTHEN THE CAPACITY OF LOCAL ARTISTS And arts organizations and also presents cultural programs to improve the economic vitality and quality of life of the community. glendale arts has an interactive web site that SERVES AS AN IFNORMATION PORTAL FOR THE ARTS COMMUNITY AND INCLUDES ARTIST PROFILES, BLOGS, AND A MASTER CALENDAR OF EVENTS. GLENDALE ARTS ALSO PRESENTED A VARIERTY OF PROGRAMS THAT CELEBRATED THE COMMUNITY'S CULTURAL ETHNICITY.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.49$0.27$0.20$0.41$0.21
2023Summary only. Only limited summary data is available for this year.$0.66$0.57$0.09$0.23$0.38$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.57$0.25$1.80$0.86$0.94
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$1.10$0.69$0.83$1.21$0.39
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.67$0.31$1.65$2.08$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.34$0.12$2.31$2.42$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.34$0.23$2.21$2.29$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.32$0.32$2.38$2.27$0.11
2016Summary only. Only limited summary data is available for this year.$0.46$0.26$0.20$2.24$2.07$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.38$0.15$1.52$1.47$0.05
2014Summary only. Only limited summary data is available for this year.$0.44$0.34$0.10$1.47$1.86$0.39
2013Summary only. Only limited summary data is available for this year.$0.60$0.11$0.49$1.79$1.76$0.03
2012Summary only. Only limited summary data is available for this year.$0.58$0.12$0.46$1.57$1.69$0.11
2011Summary only. Only limited summary data is available for this year.$0.68$0.11$0.57$1.62$1.65$0.03