Organization Information

Transcription

1 Michigan Council for Arts and Cultural Affairs Organization Information Organization name: City: State: County: NISP Discipline: NISP Institution: Detroit MI Wayne 05 - Visual Arts 10 - Gallery/Exhibit Space NTEE: A90 - Arts Service Organizations and Activ Applicant is audited or reviewed by an independent accounting firm. Federal ID # Year organization founded: Organization type: Fiscal year end date: DUNS # Full-time staff: Paid FTEs: (c)3 nonprofit organization A display value of - signifies a value of less than +/- 0.5% Unrestricted Activity Unrestricted Operating Revenue Earned Program Earned Non-program Earned Revenue Investment Revenue Contributed Revenue Unrestricted Operating Revenue Less in-kind Unrestricted Operating Revenue Less In-kind $,38 $,550 $30,88 $10,653 $15,5 $366,513 ($1,844) $348,669 $8,384 $,550 $80,934 $10,385 $196,4 $48,91 ($55,095) $43,696 % % -3% 56% 33% 09% 4% $3,0 $0,18 $0,518 $409,36 ($4,456) $405,80-86% 6,351% -8% 6% -16% -9% -6% Expenses by Functional Program Fundraising General & Administrative Operating Expenses Less in-kind Operating Expenses Less In-kind $400,89 $51,499 $5,499 $4,890 ($1,844) $460,046 $456,303 $51,399 $5,199 $53,901 ($55,095) $4,806 14% - -1% 1% 09% 4% $35,985 $45,0 $,603 $40,90 ($4,456) $416,334-3% -1% -1-9% -13% Net Unrestricted Activity - Operating Net Unrestricted Activity - Non-operating Net Unrestricted Activity Net Temporarily Restricted Activity Net Permanently Restricted Activity Net Activity -$111,3 -$111,3 $54,348 $11,931 -$45,098 -$45,110 -$45,110 $9,93 $3 $34,895 59% 59% 4% 1% -$11,054 $11,16 $ -$4,99 -$4,919 -$9,839 5% % -15,4% -186% Page 1 of 9

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3 Revenue Details Operating Revenue Earned - Program Unrestricted Temporarily Restricted Permanently Restricted Membership revenue Single ticket sales Contracted services Other program revenue earned - program $40,000 $1,450 $41,66 $144,61 $,38 $39,48 $540 $65,13 $1,883 $8,384 $33,80 $4,440 $3,0 $33,80 $4,440 $3,0 Earned - Non-program Gift shop and merchandise fees Space rentals Other earned revenue earned - non-program $,000 $550 $,550 $1,950 $600 $,550 earned revenue $30,88 $80,934 $0,18 $0,18 Page 3 of 9

4 Contributed Unrestricted Temporarily Restricted Permanently Restricted Trustee & board $,890 $,469 $3,635 $3,635 Individual $4,831 $31,558 $3,486 $3,486 Corporate $8,04 $,000 $5,513 $5,513 Foundation $9,500 $14,500 $9,500 $56,50 $36,50 State government $18,33 $,500 $,500 $19,100 $3,400 In-kind operating contributions $1,844 $55,095 $4,456 $4,456 Net assets released from restriction $86,08 -$9,93 -$6,105 contributed revenue $164,3 $61,1 $161,090 $0,518 -$40,33 -$6,105 Operating investment revenue $38,18 $5,40 operating revenue $43,9 $56,96 $363,308 $409,36 -$40,33 -$6,105 operating revenue less in-kind $414,948 $51,01 $358,85 $405,80 -$40,33 -$6,105 Non-operating investment revenue $,643 $11,16 $15,331 $1,186 non-operating revenue $,643 $11,16 $15,331 $1,186 revenue $43,9 $56,96 $390,951 $40,86 -$4,99 -$4,919 revenue less in-kind $414,948 $51,01 $386,495 $416,406 -$4,99 -$4,919 Page 4 of 9

5 Expense Details Personnel expenses - Operating % Change % Change Program Fundraising General & Administrative W employees (salaries, payroll taxes and fringe benefits) $144,81 $146,61 1% $114,86 -% $80,350 $,95 $11,49 Independent contractors $8,38 $8,38 Professional fees personnel expenses - Operating Non-personnel expenses - Operating $109,59 $54,418 $1,696 $69,36 1% 6% $9,88 $1,996-6% -36% $0,918 $19,596 $5,96 $8,933 $,988 $14,46 Advertising and promotion $1,96 $1,81-35% Dues and subscriptions $505 $1,661 9% $1,400-16% $980 $80 $140 Insurance $4,815 $5,80 % $,51 8% $5,65 $1,504 $5 Occupancy costs $48,608 $4,600 -% $46,990-1% $3,893 $9,398 $4,699 Office and administration $45,11 $34,138-4% $1,418-3% $14,994 $4,84 $,140 Printing, postage and shipping $1,966 $,588 3% $,50 6% $1,95 $550 $5 Travel $16 $140 $98 $8 $14 Productions and events costs $61,46 $61,6 - Other operating expenses $5,095 $10,45 88% $166,446 55% $166,446 Depreciation non-personnel expenses - Operating $1,03 $3,4 $1,889 $63,534 11% 18% $1,19 $4, % $88 $3,389 $5 $16,69 $116 $8,136 operating expenses Non-operating personnel expenses Non-operating non-personnel expenses $4,890 $53,901 1% $40,90 $35,985 $45,0 $,603 expenses expenses less in-kind $4,890 $460,046 $53,901 $4,806 1% 4% $40,90 $416,334-13% $35,985 $45,0 $,603 expenses less depreciation $46,18 $531,01 1% $419,661 expenses less in-kind and depreciation $458,343 $45,91 4% $415,05-13% Page 5 of 9

6 Balance Sheet Assets Current assets Cash $100,9 $105,33 4% $100,913-4% Receivables Investments $55,1 $5,095 $89,063 $6,314 6% 4% $69,38 $8,11 -% 3 Prepaid expenses & other $6,14 $5,830-5% $3,30-43% current assets $16,91 $06,530 3% $181,54-1% Non-current investments $134,56 $18,448-5% $13,59-4% Fixed assets (net) Other non-current assets non-current assets $4,65 $3,000 $14,51 $3,00 $3,000 $134,455-36% -5% $1,88 $3,000 $18,411-3% -4% assets $309,54 $340,985 1 $310,165-9% Liabilities & Net Assets Liabilities Accounts payable & other $14,8 $11,1-5% $10,96 -% Loans & other debt Deferred revenue current liabilities $1,6 $16,598 $,019 $13,146 1% $1,869 $1,165 -% -% Non-current liabilities liabilites $16,598 $13,146 $1,165 -% Net assets Unrestricted Temporarily restricted Permanently restricted net assets liabilities & net assets $104,01 $54,34 $134,56 $9,944 $309,54 $119,418 $9,93 $18,448 $3,839 $340,985 15% 4% -5% 1% 1 $119,490 $54,981 $13,59 $98,000 $310,165-31% -4% -9% -9% Page 6 of 9

7 Balance Sheet Metrics Months of Operating Cash -- Unrestricted working capital -- Unrestricted Current Ratio Debt Service Impact Unrestricted Net Assets Net of Property, Plant and Equipment Operating Margin Depreciation as a % of Fixed Assets Leverage Ratio 3 $96, $99,346-1% 99% $113, $116,411 % 99% 3 $114, $11,608 -% Months of Operating Cash -- Unrestricted represents the number of months an organization can operate at current average monthly expense levels with existing unrestricted cash and cash equivalents. Cash + Cash Equivalents / ( Expense / 1). The ratio is calculated using unrestricted numbers only. working capital -- Unrestricted consists of the resources available for operations, and in this report is calculated as unrestricted current assets minus unrestricted current liabilities. This is a conservative calculation of working capital and may differ from your internal calculations. Adequate working capital provides financial strength and flexibility to your organization, the ability to meet obligations as they come due, and the ability to take more risks, knowing there is a cushion to fall back on. Current Ratio (Current Assets divided by Current Liabilities) determintes the organization's ability to pay current debt using current assets. The higher the ratio, the more capable the organization is of paying its obligations. The ratio is calulated using unrestricted numbers only. Debt Service Impact ( Debt Service including principal and interest divided by Expense) calculates the % of an organization's total expenses applied to the total debt-service burden, e.g. a mortgage). This measure can help understand the portion of the book value of an organization's fixed assets that they truly own free and clear of related obligations and depreciated value. It is calculated as Unrestricted Net Assets - (Net Fixed Assets - Mortgage Debt). Unrestricted Net Assets Net of Property, Plant and Equipment (Unrestricted Net Assets - (Net Fixed Assets - Mortgage Debt)) shows what the organization's unrestricted net assets would be if they did not own any property, or have any debts associated with that property. Because this calculation is based on unrestricted values for net assets and fixed assets, if an organization fills out a single column balance sheet and does not separate fixed assets into restricted and unrestricted categories, this value will be blank. Operating Margin (Change in Net Assets divided by Unrestricted Operating Revenue) is a measurement of the organizations efficiency in operating, highlighting the amount of an organization's surplus or deficit. Depreciation as a % of Fixed Assets indicates the potential need for replacement or repair of fixed assets (such as buildings, furniture, office equipment, sets and props); especially significant for organizations that own a building or carry a long-term lease. Leverage Ratio (Long Term Debt divided by Unrestricted and Temporarily Restricted Assets) is a measurement of a company s efficiency in operating. Page of 9

8 Attendance In-person Participation In-person participation - paid In-person participation - free in-person participation ,160 11, ,500 11, % 3% Types of In-person Attendance in-person participation 11,500 11,805 3% 0 Attendance Ages Other Participation Staffing This Staff organization & Non-Staff Statistics has not provided data on artistic staff. This may FY be 014 because the organization % does Change not hire artistic FY staff 016 or the organization s annual expenses are under $50,000, and they are therefore only required to complete the short form of the DataArts Full-time permanent employees Survey. Part-time seasonal employees 1 Number of part-time or one-time volunteers Part-time or one-time volunteers - FTEs 1 1 Independent contractors Artistic Staff & Non-Staff Statistics Page 8 of 9

9 Program Activity Temporary exhibits Distinct lectures Lecture occurrences Distinct other programs Other programs occurrences % Page 9 of 9