Centre for Arts & Artists FY2023 filing

Tax-deductible

Newton, IA501(c)(3)Arts & CultureEIN 38-3746921Revenue $156K in FY2023

On file with the IRS501 W 3rd St N, 50208-3022 · Newton, IATax-exempt since Jul 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Classes for educational and cultural learning

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$9K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $174K a year · 67% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $376K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
+20% vs prior year
Spent
$92K
To programs
100%
Net assets
$852K
By yearFY2020–FY2024
Revenue
$156K
FY2023▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$87K
FY2021$101K
FY2022$131K
FY2023$156K
FY2024$816K
Expenses
$92K
FY2023▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$84K
FY2021$56K
FY2022$80K
FY2023$92K
FY2024$111K
Net assets
$852K
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$670K
FY2021$763K
FY2022$774K
FY2023$852K
FY2024$1.6M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $92K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
Presidentexec Director
$9,044Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Linda Klepinger’s $10K as Presidentexec Director is at the 7th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Linda Klepinger$10,000$9,044$10,404$7,803$11,016

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers classes for educational and cultural learning.

Questions for Centre for Arts & Artists

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Provided by the organization

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1 program · $92K · in their own filed words · FY2023
01

Classes for educational and cultural learning

$92Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$376K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$156K
Ln 12
Gifts and grantsLn 1h$88K
Other incomeLn 4–11$38K
Investment incomeLn 3$20K
Money outPt IX
$92K
Ln 25
Programscol B$92K
Owns and owesPt X
$852K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$854K
LiabilitiesLn 26$1K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Government grantsLn 1e$88K
Fees for servicesLn 2g$10K
Investment incomeLn 3$20K
Other incomeLn 4–11$38K
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$99K
Cash and savings togetherLn 1–2$148K
InvestmentsLn 11–13$564K
Land, buildings, equipmentLn 10c$140K
Total assetsLn 16$854K
LiabilitiesLn 26$1K
Net assetsLn 32$852K
OperationsPt I, VI
EmployeesI 52
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$126K$148K
InvestmentsLn 11–13$503K$564K
Land, buildings, equipmentLn 10c$145K$140K
Total assetsLn 16$774K$854K
LiabilitiesLn 26$464$1K
Net assetsLn 32$774K$852K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$9K$9K
Other salaries and wagesLn 7$6K$6K
Payroll taxesLn 10$1K$1K
Accounting feesLn 11c$843$843
Advertising and promotionLn 12$360$360
Office expensesLn 13$675$675
OccupancyLn 16$49K$49K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$552$552
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$92K$92K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $816K$111K$706K$1.6M 990 PDF
FY2023 Viewing $156K$92K$65K$852K 990 PDF
FY2022 $131K$80K$51K$774K 990 PDF
FY2021 $101K$56K$46K$763K 990 PDF
FY2020 $87K$84K$4K$670K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $156,484 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,028$88,270
I-9 Program service revenuePrior year $13,135$10,187
I-10 Investment incomePrior year $1,188$19,532
I-11 Other revenuePrior year $39,202$38,495
I-12 Total revenuePrior year $130,553$156,484
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,092$16,725
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $67,809$75,144
I-18 Total expensesPrior year $79,901$91,869
I-19 Revenue less expensesPrior year $50,652$64,615
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $156,484 across 6 lines filed
Lines not itemized here account for $3,832 of total revenue; see the IRS return.
VIII-1e Government grants$88,270
VIII-1h Total contributions, gifts and grants$88,270
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,187$10,187
VIII-3 Investment incomeRelated to mission $19,532$19,532
VIII-6 Net rental income or lossRelated to mission $34,663$34,663
VIII-12 Total revenueRelated to mission $68,214 · Unrelated business $0 · Excluded from tax $0$156,484
Part IX · Statement of functional expenses $91,869 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $9,044$9,044
IX-7 Other salaries and wagesPrograms $6,411$6,411
IX-10 Payroll taxesPrograms $1,270$1,270
IX-11c Accounting feesPrograms $843$843
IX-12 Advertising and promotionPrograms $360$360
IX-13 Office expensesPrograms $675$675
IX-16 OccupancyPrograms $48,985$48,985
IX-22 Depreciation, depletion and amortizationPrograms $5,337$5,337
IX-23 InsurancePrograms $552$552
IX-24 Other expenses (24a–d)Programs $8,173$8,173
IX-24e All other expensesPrograms $10,219$10,219
IX-25 Total functional expensesPrograms $91,869 · Management $0 · Fundraising $0$91,869
Part X · Balance sheet $853,551 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $63,745$49,449
X-2 Savings and temporary cash investmentsStart of year $62,475$98,875
X-4 Accounts receivableStart of year −$790$1,477
X-10c Land, buildings and equipment, netStart of year $145,168$139,831
X-13 Program-related investmentsStart of year $503,447$563,919
X-16 Total assetsStart of year $774,045$853,551
X-17 Accounts payable and accrued expensesStart of year $464$1,179
X-26 Total liabilitiesStart of year $464$1,179
X-27 Net assets without donor restrictionsStart of year $340,930$346,732
X-28 Net assets with donor restrictionsStart of year $432,651$505,640
X-32 Total net assets or fund balancesStart of year $773,581$852,372
X-33 Total liabilities and net assetsStart of year $774,045$853,551
Part XI · Reconciliation of net assets $852,372 net assets at year end
XI-1 Total revenue$156,484
XI-2 Total expenses$91,869
XI-3 Revenue less expenses$64,615
XI-4 Net assets at start of year$773,581
XI-5 Net unrealized gains (losses) on investments$14,176
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$852,372

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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