Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
EIN 74-3090585 • 501(c)3 • Salt Lake City, UT
Profile
To foster the arts in all forms in order to create an aware, empowered, and connected community.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
29th percentile
Higher net margin than 29% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 5.3% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Assets
Down$3,689,255
Down $136,479 (-3.6%) from 2023
Liabilities
Down$2,270,272
Down $44,922 (-1.9%) from 2023
Net Assets
Down$1,418,983
Down $91,557 (-6.1%) from 2023
Revenue
Down$1,965,198
Down $569,289 (-22%) from 2023
Expenses
Down$2,056,755
Down $314,922 (-13%) from 2023
Net Income
Down-$91,557
Down $254,367 (-156%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
To foster the arts in all forms in order to create an aware, empowered, and connected community.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,532,329 | $3,451,284 | ▼ $81,045 |
| Pledges and Grants Receivable | $178,637 | $122,377 | ▼ $56,260 |
| Loans From Officers Directors | - | $85,000 | - |
| Cash and Non-Interest-Bearing Accounts | $51,383 | $80,561 | ▲ $29,178 |
| Accounts Receivable | $35,941 | $20,522 | ▼ $15,419 |
| Prepaid Expenses and Deferred Charges | $27,414 | $14,481 | ▼ $12,933 |
| Savings and Temporary Cash Investments | $30 | $30 | → $0 |
| Total Assets | $3,825,734 | $3,689,255 | ▼ $136,479 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $2,087,079 | $1,998,648 | ▼ $88,431 |
| Accounts Payable and Accrued Expenses | $175,298 | $132,507 | ▼ $42,791 |
| Unsecured Notes Loans Payable | $20,150 | $44,659 | ▲ $24,509 |
| Other Liabilities | $29,575 | $9,225 | ▼ $20,350 |
| Deferred Revenue | $3,092 | $233 | ▼ $2,859 |
| Total Liabilities | $2,315,194 | $2,270,272 | ▼ $44,922 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,433,623 | $1,304,131 | ▼ $129,492 |
| Net Assets With Donor Restrictions | $76,917 | $114,852 | ▲ $37,935 |
| Total Net Assets Fund Balance | $1,510,540 | $1,418,983 | ▼ $91,557 |
| Total Liabilities and Net Assets / Fund Balance | $3,825,734 | $3,689,255 | ▼ $136,479 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,654,173 | $289,731 | $1,943,904 |
| Land | $1,556,096 | - | $1,556,096 |
| Equipment | $126,602 | $419,420 | $546,022 |
| Leasehold Improvements | $114,413 | $24,176 | $138,589 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Derek Dyer | Executive Di | FT | $92,803 | $11,347 | $104,150 |
| Name | Title |
|---|---|
| Mariah Mellus | Chair |
| Andrew Watson | Vice Chair |
| Jenn Niedfelt | Board Member |
| Kent Robert Rigby | Board Member |
| Lia Summers | Board Member |
| Mauro Jamaika Romualdo | Board Member |
| Michael Anderson | Board Member |
| Vanessa Martineau | Board Member |
| Crystal Young | Secretary |
| Victoria Bernier | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,113,909 |
| Salaries, Compensation, and Employee Benefits | $926,327 |
| Total Fundraising Expense | $20,522 |
| Grants and Similar Amounts Paid | $16,519 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $662,112 | $67,208 | $3,077 | $732,397 |
| Fees for Services Other | $310,457 | $41,004 | - | $351,461 |
| Occupancy | $252,237 | $1,124 | $254 | $253,615 |
| Current Officers, Directors, Trustees, and Key Employees | $85,577 | $4,864 | $15,561 | $106,002 |
| Depreciation Depletion | $97,534 | - | - | $97,534 |
| Interest | $71,638 | $2,278 | - | $73,916 |
| Payroll Taxes | $61,069 | $5,824 | $1,376 | $68,269 |
| Insurance | $50,173 | $864 | $254 | $51,291 |
| Fees for Services Accounting | - | $35,066 | - | $35,066 |
| Other Expenses | $17,760 | $14,606 | - | $32,366 |
| Advertising | $24,914 | $7,321 | - | $32,235 |
| Office Expenses | $18,760 | $4,741 | - | $23,501 |
| Other Employee Benefits | $14,758 | $4,901 | - | $19,659 |
| Grants to Domestic Orgs | $16,519 | - | - | $16,519 |
| All Other Expenses | $6,861 | $4,329 | - | $11,190 |
| Travel | $4,127 | $4,713 | - | $8,840 |
| Total Functional Expenses | $1,834,507 | $201,726 | $20,522 | $2,056,755 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $4,136,272 |
| Expenses Not Reported on Form 990 | $2,079,517 |
| Expenses per Audited Statements | $2,056,755 |
| Total Expenses per Form 990 | $2,056,755 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Craft Lake City | Salt Lake City, UT | 501c3 | Creative Culture | - |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | - | $85,000 | - |
| Liability | Amount |
|---|---|
| Refundable Advances | $4,900 |
| Security Deposits | $4,325 |
“The organization's 990 is reviewed by the board treasurer and executive director prior to being submitted to the irs.”
“The executive committee reviews potential conflicts and requires recusal on issues with a conflict. The policy requires annual disclosure.”
“The executive director's compensation is determined by the board of directors, independent of the executive director. Compensation is established with reference to comparability data, including salary surveys representing compensation for similar positions in similar industries in the region. The deliberation and determination of the executive director's compensation is contemporaneously documented.”
“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request at the organization's offices during regular business hours.”
“Cultural facilities & venues dreamscapes - dreamscapes is salt lake city's immersive art experience. The exhibit was built by over 100 artists using recycled materials and is open to the general public. Galleries - the urban arts gallery's and bizarre bazaar's unique programing allows the public to experience a variety of art. The galleries are an accessible platform where new and established artists alike can show their work. Art garden - the art garden is a community gathering and outdoor performance venue with an outdoor sculpture garden. Slc arts hub - as the organization's headquarters, this 35,000 square foot complex serves approximately 34,000 people annually. It provides dance, performance, and exhibition spaces as well as work space for artists and arts groups. A variety of community art events are hosted at the arts hub.”
“Art festivals and events urban arts festival - the urban arts festival is the largest free art event in the state of utah, attracting tens of thousands of individuals each year. The event is a two-day celebration of arts and culture for the community. Illuminate - illuminate is utah's light art and creative technology festival. Illuminate is a free festival in downtown salt lake city that invites the community to explore the city in entirely new ways and to see it in a whole new light. The gap between the arts and technology is bridged through large-scale projection mapping displays, light art installations, and immersive experiences.”
“Programs and media shared resources - the organization provides access to its cultural facilities and other essential resources to artists and arts organizations. With the help of over sixty partners, it also offers educational and arts programming in many artistic disciplines to the salt lake community. Connect - over 500 artists participate each year in this free monthly event which gives artists opportunities to showcase their work, receive professional development training, and connect with the community. Kuaa 99.9 fm - the organization's radio station is broadcast locally and streamed online. It offers multicultural and multilingual arts and music programing. Counterpoint studios - counterpoint studios is the organization's recording facility. Its programs provide local musicians with high quality, free or affordable sound recording services and promote the music through the organization's label mrp.”
“Artist commissions 163,980 0 0 artist stipends 7,000 0 0 entertainers 52,638 0 0 security and emt 19,179 0 0 other 67,660 41,004 0 total 310,457 41,004 0”
“Cost of concession sales 11,933 cost of concession sales -11,933”
“The organization has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(c)(3), qualifying for the charitable contribution deduction under section 509(a)(2) and has been determined not to be a private foundation under section 509(a). The organization is annually required to file a return of organization exempt from income tax (form 990) and is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Management has determined that the organization is not subject to unrelated business income tax. Management believes that the organization has appropriate support for any tax positions taken in its annual filing and does not have any uncertain tax positions that are material to the financial statements. The organization's forms 990 are no longer subject to tax examination for years before 2021.”
“Cost of concession sales 11,933”
“Cost of concession sales 11,933”
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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 132507 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 35941 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 20522 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO FOSTER THE ARTS IN ALL FORMS IN ORDER TO CREATE AN AWARE, EMPOWERED, AND CONNECTED COMMUNITY. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 7321 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 24914 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 32235 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8017563394 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 321 N 1100 E STE E |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | AMERICAN FORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | UT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 84003 |
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| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/CostOfGoodsSoldAmt | 0 | 11933 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -91557 |
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| IRS990/CYTotalFundraisingExpenseAmt | 0 | 20522 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1965198 |
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| IRS990/DeductibleNonCashContriInd | 0 | false |
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| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 233 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 97534 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 97534 |
| IRS990/Desc | 0 | CULTURAL FACILITIES & VENUES DREAMSCAPES - DREAMSCAPES IS SALT LAKE CITY'S IMMERSIVE ART EXPERIENCE. THE EXHIBIT WAS BUILT BY OVER 100 ARTISTS USING RECYCLED MATERIALS AND IS OPEN TO THE GENERAL PUBLIC. GALLERIES - THE URBAN ARTS GALLERY'S AND BIZARRE BAZAAR'S UNIQUE PROGRAMING ALLOWS THE PUBLIC TO EXPERIENCE A VARIETY OF ART. THE GALLERIES ARE AN ACCESSIBLE PLATFORM WHERE NEW AND ESTABLISHED ARTISTS ALIKE CAN SHOW THEIR WORK. ART GARDEN - THE ART GARDEN IS A COMMUNITY GATHERING AND OUTDOOR PERFORMANCE VENUE WITH AN OUTDOOR SCULPTURE GARDEN. SLC ARTS HUB - AS THE ORGANIZATION'S HEADQUARTERS, THIS 35,000 SQUARE FOOT COMPLEX SERVES APPROXIMATELY 34,000 PEOPLE ANNUALLY. IT PROVIDES DANCE, PERFORMANCE, AND EXHIBITION SPACES AS WELL AS WORK SPACE FOR ARTISTS AND ARTS GROUPS. A VARIETY OF COMMUNITY ART EVENTS ARE HOSTED AT THE ARTS HUB. |
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| IRS990/DisregardedEntityInd | 0 | false |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 114852 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 39 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 899913 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
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| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 310457 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 351461 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 60.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CRYSTAL YOUNG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | VICTORIA BERNIER |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE CHAIR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
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| IRS990/GainOrLossGrp/OtherAmt | 0 | -1460 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GovernmentGrantsAmt | 0 | 606354 |
| IRS990/GrantAmt | 0 | 1519 |
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| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 16519 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
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| IRS990/GroupReturnForAffiliatesInd | 0 | false |
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| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 254 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 864 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 50173 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 51291 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 2278 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 71638 |
| IRS990/InterestGrp/TotalAmt | 0 | 73916 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 210 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 210 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 104 |
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| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 512240 |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | ART FESTIVALS AND EVENTS URBAN ARTS FESTIVAL - THE URBAN ARTS FESTIVAL IS THE LARGEST FREE ART EVENT IN THE STATE OF UTAH, ATTRACTING TENS OF THOUSANDS OF INDIVIDUALS EACH YEAR. THE EVENT IS A TWO-DAY CELEBRATION OF ARTS AND CULTURE FOR THE COMMUNITY. ILLUMINATE - ILLUMINATE IS UTAH'S LIGHT ART AND CREATIVE TECHNOLOGY FESTIVAL. ILLUMINATE IS A FREE FESTIVAL IN DOWNTOWN SALT LAKE CITY THAT INVITES THE COMMUNITY TO EXPLORE THE CITY IN ENTIRELY NEW WAYS AND TO SEE IT IN A WHOLE NEW LIGHT. THE GAP BETWEEN THE ARTS AND TECHNOLOGY IS BRIDGED THROUGH LARGE-SCALE PROJECTION MAPPING DISPLAYS, LIGHT ART INSTALLATIONS, AND IMMERSIVE EXPERIENCES. |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | PROGRAMS AND MEDIA SHARED RESOURCES - THE ORGANIZATION PROVIDES ACCESS TO ITS CULTURAL FACILITIES AND OTHER ESSENTIAL RESOURCES TO ARTISTS AND ARTS ORGANIZATIONS. WITH THE HELP OF OVER SIXTY PARTNERS, IT ALSO OFFERS EDUCATIONAL AND ARTS PROGRAMMING IN MANY ARTISTIC DISCIPLINES TO THE SALT LAKE COMMUNITY. CONNECT - OVER 500 ARTISTS PARTICIPATE EACH YEAR IN THIS FREE MONTHLY EVENT WHICH GIVES ARTISTS OPPORTUNITIES TO SHOWCASE THEIR WORK, RECEIVE PROFESSIONAL DEVELOPMENT TRAINING, AND CONNECT WITH THE COMMUNITY. KUAA 99.9 FM - THE ORGANIZATION'S RADIO STATION IS BROADCAST LOCALLY AND STREAMED ONLINE. IT OFFERS MULTICULTURAL AND MULTILINGUAL ARTS AND MUSIC PROGRAMING. COUNTERPOINT STUDIOS - COUNTERPOINT STUDIOS IS THE ORGANIZATION'S RECORDING FACILITY. ITS PROGRAMS PROVIDE LOCAL MUSICIANS WITH HIGH QUALITY, FREE OR AFFORDABLE SOUND RECORDING SERVICES AND PROMOTE THE MUSIC THROUGH THE ORGANIZATION'S LABEL MRP. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | INSURANCE CASUALTY 85,066 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART III, LINE 12 |
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| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt | 0 | 25327 |
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