Civic Intelligence

Sheridan Arts Foundation

990 • Fiscal year 2018 • EIN 84-1166423

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 15, 2019

Organization ProfileWWW.SHERIDANOPERAHOUSE.COM
PO Box 2680Telluride, CO 81435

(970) 728-6363

Siviq Scores

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

Liabilities / Assets

75th percentile

0.37x

Higher debt load relative to assets than 75% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.48x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

56th percentile

5.3%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$111,584

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

44th percentile

-0.4%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.7%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$1,965,293

Down $8,502 (-0.4%) from 2017

Net Assets

Up

$1,247,346

Up $79,579 (+6.8%) from 2017

Liabilities

Down

$717,947

Down $88,081 (-11%) from 2017

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin56th percentile

Revenue

Up

$1,507,575

Up $121,116 (+8.7%) from 2017

Expenses

Up

$1,427,996

Up $31,472 (+2.3%) from 2017

Net Income

Up

$79,579

Up $89,644 (+891%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,628,390Liabilities 2010: $477,963Net Assets 2010: $1,150,4272010Assets 2011: $1,653,866Liabilities 2011: $461,499Net Assets 2011: $1,192,3672011Assets 2012: $1,515,633Liabilities 2012: $427,368Net Assets 2012: $1,088,2652012Assets 2013: $1,521,403Liabilities 2013: $412,573Net Assets 2013: $1,108,8302013Assets 2014: $1,532,874Liabilities 2014: $428,533Net Assets 2014: $1,104,3412014Assets 2015: $1,508,385Liabilities 2015: $394,709Net Assets 2015: $1,113,6762015Assets 2016: $1,884,126Liabilities 2016: $778,315Net Assets 2016: $1,105,8112016Assets 2017: $1,973,795Liabilities 2017: $806,028Net Assets 2017: $1,167,7672017Assets 2018: $1,965,293Liabilities 2018: $717,947Net Assets 2018: $1,247,3462018Assets 2019: $2,055,456Liabilities 2019: $676,153Net Assets 2019: $1,379,3032019Assets 2020: $2,253,435Liabilities 2020: $730,372Net Assets 2020: $1,523,0632020Assets 2021: $2,967,332Liabilities 2021: $774,303Net Assets 2021: $2,193,0292021Assets 2022: $3,014,799Liabilities 2022: $674,905Net Assets 2022: $2,339,8942022Assets 2023: $2,927,869Liabilities 2023: $658,983Net Assets 2023: $2,268,8862023Assets 2024: $2,823,775Liabilities 2024: $681,987Net Assets 2024: $2,141,7882024

Highlighted filing

2018

Assets$1,965,293
Liabilities$717,947
Net Assets$1,247,346
Open 2018 Filing

Operations Trend

Revenue Growth61st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,039,4122010Expenses 2011: $1,104,8072011Revenue 2012: $962,663Expenses 2012: $1,066,765Net Income 2012: -$104,1022012Expenses 2013: $1,161,9172013Revenue 2014: $1,299,039Expenses 2014: $1,303,528Net Income 2014: -$4,4892014Revenue 2015: $1,205,570Expenses 2015: $1,196,235Net Income 2015: $9,3352015Revenue 2016: $1,233,666Expenses 2016: $1,241,531Net Income 2016: -$7,8652016Revenue 2017: $1,386,459Expenses 2017: $1,396,524Net Income 2017: -$10,0652017Revenue 2018: $1,507,575Expenses 2018: $1,427,996Net Income 2018: $79,5792018Revenue 2019: $1,629,788Expenses 2019: $1,497,831Net Income 2019: $131,9572019Revenue 2020: $1,400,889Expenses 2020: $1,257,129Net Income 2020: $143,7602020Revenue 2021: $1,721,240Expenses 2021: $1,051,274Net Income 2021: $669,9662021Revenue 2022: $1,473,861Expenses 2022: $1,326,996Net Income 2022: $146,8652022Revenue 2023: $1,530,778Expenses 2023: $1,617,261Net Income 2023: -$86,4832023Revenue 2024: $1,538,260Expenses 2024: $1,666,370Net Income 2024: -$128,1102024

Highlighted filing

2018

Revenue$1,507,575
Expenses$1,427,996
Net Income$79,579
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 15, 2019
Return Version
2017v2.3
Gross Receipts
$1,682,168
Mission and Program Overview

Mission

Preserve the historic Sheridan Opera House as an arts and cultural resource for the Telluride community; Bring quality arts and cultural events to Telluride; Provide local and national youth with access and exposure to the arts through education

The sheridan arts foundation was founded in 1991 as a 501(c)(3) non-profit organization to: preserve the historic sheridan opera house as an arts and cultural resource for the telluride community; bring quality arts and cultural events to telluride; provide local and national youth with access and exposure to the arts through education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,825,935$1,861,809▲ $35,874
Cash and Non-Interest-Bearing Accounts$122,704$78,810▼ $43,894
Inventories for Sale or Use$24,983$20,386▼ $4,597
Accounts Receivable$173$3,298▲ $3,125
Prepaid Expenses and Deferred Charges-$990-
Intangible Assets-$0-
Total Assets$1,973,795$1,965,293▼ $8,502
Liabilities
Mortgage Notes Payable Secured by Investment Property$728,490$600,256▼ $128,234
Accounts Payable and Accrued Expenses$16,281$62,310▲ $46,029
Deferred Revenue$61,257$55,381▼ $5,876
Total Liabilities$806,028$717,947▼ $88,081
Net Assets / Fund Balance
Unrestricted Net Assets$1,069,772$1,200,115▲ $130,343
Temporarily Rstr Net Assets$97,995$47,231▼ $50,764
Total Net Assets Fund Balance$1,167,767$1,247,346▲ $79,579
Total Liabilities and Net Assets / Fund Balance$1,973,795$1,965,293▼ $8,502

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,438,140$973,145$2,411,285
Other Land Buildings$152,277$157,730$310,007
Land$271,392-$271,392
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Steven PalamarPresidentFT$111,584$111,584

Board Members and Trustees

NameTitle
Mark DaltonChairman
James GallagherVice President
Ann CrossDirector
Grace EngbringDirector
Scott SwankDirector
James I Black IiiSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$599,630
Program Service Revenue
$638,974
Investment Income
$0
Other Revenue
$268,971
All Other Contributions
$582,730
Change in Net Assets
$79,579

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table100$40,000Market Value
Other Non Cash Contri Table1$32,825Market Value
Other Non Cash Contri Table1$4,614Market Value
Total Noncash Contributions102$77,439-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,507,575
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,507,575
Total Revenue per Form 990
$1,507,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$801,376
Salaries, Compensation, and Employee Benefits$626,620
Total Fundraising Expense$60,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$316,754$51,178$42,231$410,163
Fees for Services Other$318,855$1,100$683$320,638
Current Officers, Directors, Trustees, and Key Employees$81,500$28,000$7,000$116,500
Depreciation Depletion$86,779$871-$87,650
Other Employee Benefits$45,153$10,838$6,662$62,653
Office Expenses$45,385$14,114$134$59,633
Occupancy$50,011$60-$50,071
Interest$40,179--$40,179
Payroll Taxes$26,937$6,392$3,975$37,304
Advertising$36,531--$36,531
Insurance$24,314$3,083-$27,397
Fees for Services Accounting-$16,544-$16,544
Other Expenses$6,248$6,171-$12,419
Travel$4,562$6,377-$10,939
Total Functional Expenses$1,222,063$145,248$60,685$1,427,996

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,427,996
Total Expenses per Audited Statements$1,427,996
Total Expenses per Form 990$1,427,996
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Section B, Line 11B

“The board has requested the president to review the 990 on their behalf. The president reports to the board, and the board has the ability to make changes prior to filing. Once the 990 is approved by the board, it is filed.”

Form 990, Part VI, Section B, Line 12C

“Directors, officers and key employees are required to complete a questionnaire annually and provide it to the director of finance and business affairs.”

Form 990, Part VI, Section B, Line 15A

“The board reviews the salary structure for the director of finance and business affiars and event director positions annually. Information used includes comparability of similar positions to the local pay structure and performance based standards. The discussion is held in executive session and is not included in the minutes.”

Form 990, Part VI, Section C, Line 19

“Upon request, the foundation provides copies of governing documents and the annual audit to interested parties.”

Filing and Contact Details

Filer

Filer Name
Sheridan Arts Foundation
EIN
84-1166423
Phone
9707286363
Address
PO BOX 2680, TELLURIDE, CO 81435

Signing Officer

Name
Steve Palamar
Title
President
Phone
9707286363
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Palamar
Formed
1991
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
6
Employees
27
Volunteers
25

Preparer

Firm
Reese Henry & Company Inc
Address
400 EAST MAIN ST SUITE 2, ASPEN, CO 81611
Preparer
Denise Jurgens CPA
Phone
9709253771
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract labor: program service expenses 39,578. Management and general expenses 1,100. Fundraising expenses 683. Total expenses 41,361. Artist fees: program service expenses 278,537. Management and general expenses 0. Fundraising expenses 0. Total expenses 278,537. Consulting: program service expenses 740. Management and general expenses 0. Fundraising expenses 0. Total expenses 740.”

Raw XML AppendixShowing 400 of 475 raw XML fields

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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IRS990/OtherExpensesGrp/ProgramServicesAmt133838
IRS990/OtherExpensesGrp/ProgramServicesAmt214210
IRS990/OtherExpensesGrp/ProgramServicesAmt36248
IRS990/OtherExpensesGrp/TotalAmt090807
IRS990/OtherExpensesGrp/TotalAmt134358
IRS990/OtherExpensesGrp/TotalAmt214210
IRS990/OtherExpensesGrp/TotalAmt312419
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042231
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051178
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0316754
IRS990/OtherSalariesAndWagesGrp/TotalAmt0410163
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03975
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06392
IRS990/PayrollTaxesGrp/ProgramServicesAmt026937
IRS990/PayrollTaxesGrp/TotalAmt037304
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0990
IRS990/PrincipalOfficerNm0STEVEN PALAMAR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/Desc0EVENT ADMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc1FACILITY RENTALS
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0487923
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1144800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26251
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0487923
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1144800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26251
IRS990/ProgSrvcAccomActy2Grp/Desc0YOUNG PEOPLE'S THEATER IS A DIVERSE AND FLOURSHING CENTER FOR YOUNG THESPIANS THAT HAS AN ENROLLMENT OF OVER 200 CHILDREN BETWEEN AGES 2 AND 18 EACH YEAR. THE PROGRAM FEES ARE BASED ON FINANCIAL ABILITY. SEVERAL CLASSES ARE HELD AND 7 SHOWS PER YEAR ARE PRESENTED AT THE OPERA HOUSE. 600 PEOPLE ATTENDED THE SHOWS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034812
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt064742
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0595110
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0760298
IRS990/PYOtherRevenueAmt0112307
IRS990/PYProgramServiceRevenueAmt0584388
IRS990/PYRevenuesLessExpensesAmt0-10065
IRS990/PYSalariesCompEmpBnftPaidAmt0541572
IRS990/PYTotalExpensesAmt01301870
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01291805
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt079579
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0843203
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0283500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0236000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0252500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0275700
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0172500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01220200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0599630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0595110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0614156
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0557698
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0421111
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02787705
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02660
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01082538
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0950476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0813428
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0753315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0866819
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04466576
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02660
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02666
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.82380
IRS990ScheduleA/PublicSupportPY509Pct00.77960
IRS990ScheduleA/PublicSupportTotal509Amt05978164
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0299503
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0245544
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0253198
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0293630
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0184242
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01276117
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt016003
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt09544
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0698
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt017930
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt011742
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt055917
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01682168
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01545586
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01427584
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01311013
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01287930
IRS990ScheduleA/Total509Grp/TotalAmt07254281
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01682168
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01545586
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01430244
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01311013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01287936
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07256947
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01438140
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0973145
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02411285
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01427996
IRS990ScheduleD/LandGrp/BookValueAmt0271392
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0271392
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0152277
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0157730
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0310007
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01507575
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01861809
IRS990ScheduleD/TotalExpensesPerForm990Amt01427996
IRS990ScheduleD/TotalRevenuePerForm990Amt01507575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01507575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01427996
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0100
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LODGING
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1CONSTRUCTION RENOVATION
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2MICROPHONES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt040000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt132825
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt24614
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD HAS REQUESTED THE PRESIDENT TO REVIEW THE 990 ON THEIR BEHALF. THE PRESIDENT REPORTS TO THE BOARD, AND THE BOARD HAS THE ABILITY TO MAKE CHANGES PRIOR TO FILING. ONCE THE 990 IS APPROVED BY THE BOARD, IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A QUESTIONNAIRE ANNUALLY AND PROVIDE IT TO THE DIRECTOR OF FINANCE AND BUSINESS AFFAIRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE SALARY STRUCTURE FOR THE DIRECTOR OF FINANCE AND BUSINESS AFFIARS AND EVENT DIRECTOR POSITIONS ANNUALLY. INFORMATION USED INCLUDES COMPARABILITY OF SIMILAR POSITIONS TO THE LOCAL PAY STRUCTURE AND PERFORMANCE BASED STANDARDS. THE DISCUSSION IS HELD IN EXECUTIVE SESSION AND IS NOT INCLUDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST, THE FOUNDATION PROVIDES COPIES OF GOVERNING DOCUMENTS AND THE ANNUAL AUDIT TO INTERESTED PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR: PROGRAM SERVICE EXPENSES 39,578. MANAGEMENT AND GENERAL EXPENSES 1,100. FUNDRAISING EXPENSES 683. TOTAL EXPENSES 41,361. ARTIST FEES: PROGRAM SERVICE EXPENSES 278,537. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 278,537. CONSULTING: PROGRAM SERVICE EXPENSES 740. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 740.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt097995
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt047231
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01973795
IRS990/TotalAssetsEOYAmt01965293
IRS990/TotalAssetsGrp/BOYAmt01973795
IRS990/TotalAssetsGrp/EOYAmt01965293
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0599630

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,965,293
Liabilities
$717,947
Net assets
$1,247,346
Revenue
$1,507,575
Expenses
$1,427,996
Net income
$79,579
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.82$0.68$2.14$1.54$1.67$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.66$2.27$1.53$1.62$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.67$2.34$1.47$1.33$0.15
2021Detailed filing. Detailed filing data is available for this year.$2.97$0.77$2.19$1.72$1.05$0.67
2020Detailed filing. Detailed filing data is available for this year.$2.25$0.73$1.52$1.40$1.26$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.68$1.38$1.63$1.50$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.97$0.72$1.25$1.51$1.43$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.97$0.81$1.17$1.39$1.40$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.78$1.11$1.23$1.24$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.51$0.39$1.11$1.21$1.20$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.53$0.43$1.10$1.30$1.30$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.41$1.11$1.16
2012Summary only. Only limited summary data is available for this year.$1.52$0.43$1.09$0.96$1.07$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.46$1.19$1.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.48$1.15$1.04