DUNS Number

Year Organization Founded

1140 Monroe Avenue NW, Suite 4101, Grand Rapids, MI
49503-2304
17
1986
Address
06/30 Fiscal Year End Date
Organization Name
~0% signifies a value of less than +/- 0.5%.
Federal ID #
Artists Creating Together
Number of Board Members
84-1698531 624390204
ORGANIZATION OVERVIEW
This applicant is audited or reviewed by an independent accounting firm.
Kent County
ORGANIZATION SUMMARY
Revenue
9,275
-435%
Net Total Activity
0
5%
-9%
1,128
Net Temporarily Restricted Activity
1,372
69,053
Total Expenses
(11,277)
-38%
0
95,523
Investments & Transfers -18%
Total Earned
FY 2013
319,388
n/a
72,367
Net Unrestricted Activity
Financial Activity
328,482
Program
Total Unrestricted Revenue
Program
14%
69,656
34%
337,017
Net Permanently Restricted Activity
Contributed
-1%
222,060
389,044
245,658
Unrestricted Activity
5,536
25,275
n/a
Fundraising
(60,381)
Expenses
59,434
0 0
FY 2014
242,689
(5,741) 262%
-5%
59,434
Non-program
General & administrative
% chg
24,961
95,523
Earned
342,553
1158%
-38%
Full-time Permanent Employees
4,158 Total Free Attendance
3,000
FY 2013
6,000
1,790
3
Non-Financial Summary
3
FY 2014
Total Paid Attendance
Michigan Council for Arts and Cultural Affairs
Funder Report
Page 1 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014
Artists Creating Together Organization Name
REVENUE
$0
34%
$0
25
n/a
Government - State
28
n/a
$80,672
30
$0
In-kind Contributions
n/a
Special Events - Fundraising
-93%
$0
84%
$22,250
$0
$26,645
$15,950
Transfers & Reclassifications
24
n/a
30c
$17,428
Total Earned and Contributed Revenue Incl. Net Assets Released
Net Assets Released from Restrictions
$47,950
Tribal Contributions
n/a
26
$750
$32,129
14%
31
$0
39%
$0
FY 2013
Trustee/Board Contributions
$0
$0
Government - County
23
Other Contributions
n/a
$60,066
Parent Organization Support
$331,276
-19%
Foundation Contributions
28a
$0
$0
Government - Federal
$26,000
$234,381
$0
$10,425
34
30b
22
33
35
27
$89,811
n/a
n/a
Corporate Contributions
$0
n/a
-1%
n/a
$0
FY 2014 % chg
21
Related Organization Contributions
-46%
CONTRIBUTED
$328,663
Government - City
$0
Total Contributed Revenue and Net Assets Released from Restrictions
29
$72,406
$0
$0
32
$0
$268,101
$0
Individual Contributions
Total Revenue
14%
$328,663 -1%
$342,553
$331,276
Total Unrestricted Revenue
36
FY 2013
$389,044
14%
FY 2014
$389,044
TOTAL REVENUE
$342,553
% chg
Total Unrestricted Revenue Less In-Kind
7
Other Earned Revenue
$0
20
14
n/a
$1,128
n/a
17
3
n/a
-37%
$1,607
n/a
$0
8
n/a
7a
n/a
$0
n/a
$0
1
4
Membership Dues/Fees
$0
11
$0
$0
$0
n/a
$0
5
$0
-34%
Gift Shop/Merchandise Sales
$40,400
Touring Fees
13 Royalties/Rights & Reproductions
18
Total Earned Revenue
n/a
Interest & Dividends
$0
$34,356
$61,167
10a
Admissions
$0
8a
$0
$0
Sponsorship Revenue
FY 2014
n/a
Subscriptions - Media
Investments-Unrealized Gains (Losses)
-49%
$0
$1,372
$0
$0
n/a
$0
19
$0
$0
Rental Income
Workshop & Lecture Fees
n/a
Parking Concessions
n/a
$0
$0
Contracted Services/Performance Fees
15
$0
Special Events - Non-fundraising
$0
$0
n/a
$0
$0
Investments-Realized Gains (Losses)
$0
n/a
$0
$0
EARNED
Subscriptions - Performance
n/a
10
n/a
$0
9
$0
% chg
$0
16
6
n/a
Ticket Sales
n/a
12
FY 2013
-18%
$96,895 $60,562
Food Sales/Concession Revenue
Advertising Revenue
2
Gallery/Publication Sales
$0
Tuitions
$0
$0
$17,427
$0
Page 2 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014
Artists Creating Together Organization Name
EXPENSE
% chg EXPENSE FY 2013 FY 2013 FY 2014 FY 2014
Program Total Program Total Total
$119,537 -11% Total Salaries & Fringe (From Section 5) 1 $171,996 $106,830 $153,713
$0 n/a Accounting 2 $4,680 $0 $0
$1,868 n/a Advertising and Marketing 3 $3,736 $0 $0
$0 n/a Artist Commission Fees 4 $0 $0 $0
$0 n/a Artist Consignments 4a $0 $0 $0
$70,583 n/a Artists & Performers - Non-Salaried 5 $70,583 $0 $0
$0 n/a Audit 6 $3,545 $0 $0
$0 n/a Bank Fees 7 $0 $0 $0
$0 n/a Repairs & Maintenance 8 $0 $0 $0
$0 n/a Catering & Hospitality 9 $0 $0 $0
$0 n/a Collections Conservation 10 $0 $0 $0
$0 n/a Collections Management 11 $0 $0 $0
$0 n/a Conferences & Meetings 12 $0 $0 $0
$0 n/a Cost of Sales 13 $0 $0 $0
$909 -3% Depreciation 14 $1,308 $884 $1,272
$0 n/a Dues & Subscriptions 15 $0 $0 $0
$0 n/a Equipment Rental 16 $0 $0 $0
$0 n/a Facilities - Other 17 $0 $0 $0
$0 -75% Fundraising Expenses - Other 18 $5,036 $0 $1,280
$0 n/a Fundraising Professionals 19 $0 $0 $0
$0 n/a Grantmaking Expense 20 $0 $0 $0
$0 n/a Honoraria 21 $0 $0 $0
$0 n/a In-Kind Contributions 22 $0 $0 $0
$1,266 -1% Insurance 23 $1,822 $1,249 $1,798
$0 n/a Interest Expense 24 $0 $0 $0
$2,906 6% Internet & Website 25 $3,875 $3,084 $4,112
$0 n/a Investment Fees 26 $0 $0 $0
$0 n/a Legal Fees 27 $0 $0 $0
$0 n/a Lodging & Meals 28 $0 $0 $0
$0 n/a Major Repairs 29 $0 $0 $0
$0 n/a Office Expense - Other 30 $0 $0 $0
$0 374% Other 31 $3,837 $0 $18,171
$1,125 -54% Postage & Shipping 32 $1,618 $521 $750
$0 n/a Printing 33 $0 $0 $0
$0 n/a Production & Exhibition Costs 34 $0 $0 $0
$28,274 143% Programs - Other 34a $40,798 $89,793 $99,128
$0 n/a Professional Development 35 $0 $0 $0
$0 n/a Professional Fees - Other 36 $0 $0 $8,530
$1,504 172% Public Relations 37 $3,008 $4,085 $8,171
$11,002 19% Rent 38 $15,717 $13,011 $18,721
$0 n/a Recording & Broadcast Costs 38a $0 $0 $0
$0 n/a Royalties/Rights & Reproductions 38b $0 $0 $0
$0 n/a Sales Commission Fees 39 $0 $0 $0
$0 n/a Security 39a $0 $0 $0
$721 79% Supplies - Office & Other 40 $1,037 $1,289 $1,854
$1,453 -10% Telephone 41 $2,090 $1,314 $1,888
$0 n/a Touring 42 $0 $0 $0
$0 n/a Travel 43 $0 $0 $0
$1,541 n/a Utilities 44 $2,331 $0 $0
% chg TOTAL EXPENSE FY 2013 FY 2013 FY 2014 FY 2014
Program Total Program Total Total
$242,689 -5% Total Expenses 45 $337,017 $222,060 $319,388
$242,689 -5% Total Expenses Less In-Kind $337,017 $222,060 $319,388
$0 262% Change in Net Assets 46 $0 $0 $9,275
Page 3 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014
Artists Creating Together Organization Name
Below are the descriptions provided for questions that required additional information.
DESCRIPTIONS
REVENUE
Other Contributions, Briefly Describe 30a Other Grants, Misc income, tc grants
EXPENSES
Fundraising Expenses - Other, Briefly Describe 18a non fundraising event costs
If Other, Briefly Describe 31a misc on audit
Programs - Other, Briefly Describe 34b art classes, art and movie nights, choir and drummers, ECSE, Festival,
Visual Voice, Workshops/Resid
Professional Fees - Other, Briefly Describe 36a Strategic Planning
Page 4 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014
The Balance Sheet, also known as a Statement of Financial Position, shows the accumulated financial results of all the years that
an organization has been in operation, and consists of what the organization owns - its assets; what the organization owes - its
liabilities; and the difference between its assets and liabilities its net assets or net worth.
BALANCE SHEET TRENDS
403,541
Fixed assets (net)
Total Assets
0
7,243
Current assets
210,946
0
101,070
Receivables
50% Total current assets
% chg FY 2014
3,198
100,368
~0%
Non-current assets
Prepaid expenses & other -15%
103,725
2,726
FY 2013
295,059
2,790
9% 193,460
403,372
Cash
n/a
Investments
81,387
n/a
196,658
Assets
160%
1%
n/a
Liabilities & Net Assets FY 2014
231,750
9,794
393,747
Net Assets
0
30%
9,003
n/a
n/a
~0%
0
9,794
Temporarily restricted
-56%
Total Net Assets
Deferred revenue
0
Liabilities
Permanently restricted
-96%
350
403,372
350
350
Non-current liabilities
2% 403,022
791
-96% Total current liabilities
0
Loans & other debt
301,406
101,616
FY 2013
-37%
n/a
0
Current Liabilities
0
Total Liabilities
% chg
Accounts payable & other
Total Liabilities & Net Assets
161,997
0
403,541
Unrestricted
Artists Creating Together Organization Name
Page 5 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014
The key measures of financial position below can help understand the capital structure of an organization.
BALANCE SHEET TRENDS: FINANCIAL POSITION
Total debt consists of all short and long-term contractual obligations of the organization, including notes, bonds, and capital leases
payable.
Total endowment includes monies usually invested long-term. Endowment may be unrestricted, temporarily restricted, or
permanently restricted. Income from endowment is generally available for operations or to support specific purposes.
Total working capital consists of the unrestricted resources available for operations, and in this report is calculated as unrestricted
current assets (not including unrestricted endowment investments) 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.
The Working Capital Ratio relates working capital to the size of the operation, showing how many months of operating revenue are
available to meet current needs. The graph at the right looks at the most liquid of the organizations unrestricted current assets in
comparison to its current liabilities.
Fixed assets (net) include all land, buildings, equipment, and other fixed assets owned by the organization. It is calculated net of
accumulated depreciation to reflect the reduction in the value of an asset as it ages and is used.
Net assets as a % of total expenses measures the net worth of an organization in relationship to its operating size. It is calculated
as total net assets divided by total expenses. If the trend is level or increasing, then total net assets are keeping pace with growth in
operating expenses.
7,243
Total debt
Fixed assets (net) 2,790
Total working capital
0
228,960
0
126%
0
FY 2014
Net assets as a % of total expenses
FY 2013
0
294,163
Total endowment
117%
Financial Position
Artists Creating Together Organization Name
Page 6 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014
Artists Creating Together Organization Name
NON FINANCIAL INFORMATION (Section 11)
Interns/Apprentices - FTEs
Full-time Volunteers
5
11.00
42%
n/a
0.00
6
9.00
0.00
3.00
47.00
4
% chg
0%
565.00
3
Part-time/Seasonal Employees
3.55
-18%
2.25
0.50
0%
n/a
Part-time/Seasonal Empl. - FTEs
0.75
1.00
8
-34%
1
0.00
2.60
31.00 7
n/a
Part-time Volunteers - FTEs 4.75
2
Full-time Permanent Employees
Independent Contractors
Interns/Apprentices
Part-time Volunteers
83%
2.25
Staff & Non-Staff Statistics (Number of People)
Independent Contractors - FTEs
804.00
FY 2013
9
FY 2014
10 -79%
3.00
0.00
-12%
2
71% 92%
0%
Percent of Board Giving
5
% chg
1
19
Number of Contributors
8
1
FY 2014
20 Corporate
7
250
1
Individuals
5%
-1% 253
Foundation
FY 2013
0%
3
Board
Government (Federal, State & Local)
4
12
-24%
12
6,000
9,000
5,000
4,158
Virtual
1
3,183
n/a
Total Paid Attendance
-31%
275
FY 2014
4,385
106
1,790
3,000
91
-34%
3,000
Total Free Attendance
% chg
15
2
-48%
n/a
Attendance
0
Physical
Virtual
FY 2013
-31%
Total Attendance
4
1,790
Attendance - Classes/Workshops
-40%
Physical
Number of Other Groups
5
3
4,158
0
-61%
0
Children 18 and under
5a
Number of Groups of Children 18 and Under
-36%
8,500
0
6
-40%
6,000
5,948
507%
n/a
300,000
0
Number of Page Views
0
FY 2013
0
Number of Unique Web Visitors
Total income earned from website activities (from admissions, ticket sales,
shop sales, etc.)
n/a
n/a
5
0
38,805
0
Total website generated donations
3
Website Activity FY 2014
n/a
0
38,500
1 0
4
% chg
2
1% Total Number of Web Visitors
Page 7 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014
NON FINANCIAL INFORMATION (Continued)
0
% chg
Paying Subscribers - Performance
1b
2
n/a
3
0
n/a
1a
0
How many people are both members and subscribers?
Subscribers & Members
Paying Members
n/a
0 n/a
Non-paying Subscribers - Media
Paying Subscribers - Media
0
n/a
0
0
1
7
0 0
FY 2013 FY 2014
n/a
0
7
Average Child Price
n/a Lowest Single Price
n/a
0%
0%
12
0
0
75 75
13
Average Non-fundraising Special Event Price
n/a
6
n/a
Highest Single Price 0
4
75
5
n/a
3 0
10
n/a
Average Fundraising Special Event Price
0
80
0
FY 2014
n/a
75
0
n/a
Median Price
0
% chg
2
8
0
80
Average Adult Price
Average Publication Price
1 0
n/a
FY 2013
0
9 Average Child Tuition/Workshop Price
0
Pricing (in dollars)
0%
0
0 0
0
Average Student Price 0
Average Senior Citizen Price
Average Media Content Price 0
11
0
Average Adult Tuition/Workshop Price
10
n/a
Number of Off-site School Program Occurrences
0
0
n/a
10a
0
n/a
0
115
11
0%
0
FY 2014
n/a
0%
Classes/Workshops - for professional artists
250
12
0
Tours
17a
8
0
0
0
9
0
0
115
Lectures
0
5
16
18
0
0
Program Activity (Number of Events)
n/a
World Premieres
Off-site School Programs
n/a
n/a
0
2
0
Local Premieres
n/a
% chg
19
Temporary Exhibitions
10
5
0
21
14 0
0
0
0
Exhibition Openings
5
Public Performances - Away
200%
n/a
8a
7b
1
10
Number of Lecture Occurrences
0
0
2
n/a
10
2
0
n/a
0%
1a
FY 2013
0
0
100
9a
n/a
20
n/a
0
Facility Rentals - By your organization for your program use
n/a
Classes/Workshops - for the public/constituents
Rentals of your facility by others
Number of Film Screenings
0
0
0
Number of Publications Sold/Distributed
0
0
250
Number of Tour Occurrences
Public Performances - Home
n/a
0
6
4
Live Productions - Presented Only
0
Films
30
Workshops or readings of new works
0
13
1
Works Commissioned
n/a
n/a
National Premieres
0
18a
Publications
7
3
17
0%
n/a
Online/radio/television programs
n/a 0
3a
7a
3
Permanent Exhibitions
n/a
0%
n/a
0
0%
0
0
Number of Programs - Other Occurrences
Facility Rentals - By your organization for your non-program use
15
10
0
n/a
Live Productions - Self-Produced
0
Programs - Other
100
0%
0
Artists Creating Together Organization Name
Page 8 8 of Michigan Council for Arts and Cultural Affairs Generated 10/1/2014