Civic Intelligence

Spruce Peak Arts Center Foundation Inc.

EIN 90-0146728 • 501(c)3 • Stowe, VT

Pub. 78 Eligible

Profile

See schedule othe mission of the spruce peak arts center foundation is to be the leading year-round presenter of performing arts, film, educational, and family programs for stowe, vt and neighboring communities. Through programs of the highest quality in dance, music, theatre, and opera we ensure a diversity of talent on the stage and screen of our world-class theater. Our goal is to present a variety of programs that inspire, educate, and entertain all ages and interests.

122 Hourglass DriveStowe, VT 05672

www.sprucepeakarts.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.03x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.10x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

51st percentile

4.7%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$157,660

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

40th percentile

1.1%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

47%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,666,152

Up $71,357 (+1.1%) from 2023

Liabilities

Down

$202,848

Down $25,107 (-11%) from 2023

Net Assets

Up

$6,463,304

Up $96,464 (+1.5%) from 2023

Revenue

Up

$2,068,009

Up $657,081 (+47%) from 2023

Expenses

Up

$1,971,545

Up $77,302 (+4.1%) from 2023

Net Income

Up

$96,464

Up $579,779 (+120%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $9,041,617Liabilities 2010: $1,507,329Net Assets 2010: $7,534,2882010Assets 2011: $8,653,860Liabilities 2011: $2,741,435Net Assets 2011: $5,912,4252011Assets 2012: $8,149,445Liabilities 2012: $3,521,340Net Assets 2012: $4,628,1052012Assets 2013: $7,860,486Liabilities 2013: $4,185,461Net Assets 2013: $3,675,0252013Assets 2014: $7,605,167Liabilities 2014: $4,859,223Net Assets 2014: $2,745,9442014Assets 2015: $7,287,357Liabilities 2015: $66,173Net Assets 2015: $7,221,1842015Assets 2016: $7,083,876Liabilities 2016: $78,776Net Assets 2016: $7,005,1002016Assets 2017: $6,961,638Liabilities 2017: $131,950Net Assets 2017: $6,829,6882017Assets 2018: $6,764,343Liabilities 2018: $71,184Net Assets 2018: $6,693,1592018Assets 2020: $6,377,402Liabilities 2020: $132,332Net Assets 2020: $6,245,0702020Assets 2021: $6,531,085Liabilities 2021: $202,884Net Assets 2021: $6,328,2012021Assets 2022: $6,956,009Liabilities 2022: $105,854Net Assets 2022: $6,850,1552022Assets 2023: $6,594,795Liabilities 2023: $227,955Net Assets 2023: $6,366,8402023Assets 2024: $6,666,152Liabilities 2024: $202,848Net Assets 2024: $6,463,3042024

Highlighted filing

2024

Assets$6,666,152
Liabilities$202,848
Net Assets$6,463,304

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $419,7802010Expenses 2011: $2,359,2832011Revenue 2012: $438,763Expenses 2012: $1,723,083Net Income 2012: -$1,284,3202012Revenue 2013: $591,220Expenses 2013: $1,544,300Net Income 2013: -$953,0802013Revenue 2014: $555,867Expenses 2014: $1,484,948Net Income 2014: -$929,0812014Revenue 2015: $870,466Expenses 2015: $1,418,442Net Income 2015: -$547,9762015Revenue 2016: $952,721Expenses 2016: $1,168,805Net Income 2016: -$216,0842016Revenue 2017: $1,040,507Expenses 2017: $1,215,920Net Income 2017: -$175,4132017Revenue 2018: $1,216,952Expenses 2018: $1,353,481Net Income 2018: -$136,5292018Revenue 2020: $875,713Expenses 2020: $975,604Net Income 2020: -$99,8912020Revenue 2021: $1,017,343Expenses 2021: $934,212Net Income 2021: $83,1312021Revenue 2022: $1,806,408Expenses 2022: $1,284,454Net Income 2022: $521,9542022Revenue 2023: $1,410,928Expenses 2023: $1,894,243Net Income 2023: -$483,3152023Revenue 2024: $2,068,009Expenses 2024: $1,971,545Net Income 2024: $96,4642024

Highlighted filing

2024

Revenue$2,068,009
Expenses$1,971,545
Net Income$96,464

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.67$0.20$6.46$2.07$1.97$0.10
2023Detailed filing. Detailed filing data is available for this year.$6.59$0.23$6.37$1.41$1.89$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$0.11$6.85$1.81$1.28$0.52
2021Detailed filing. Detailed filing data is available for this year.$6.53$0.20$6.33$1.02$0.93$0.08
2020Detailed filing. Detailed filing data is available for this year.$6.38$0.13$6.25$0.88$0.98$0.10
2018Detailed filing. Detailed filing data is available for this year.$6.76$0.07$6.69$1.22$1.35$0.14
2017Detailed filing. Detailed filing data is available for this year.$6.96$0.13$6.83$1.04$1.22$0.18
2016Detailed filing. Detailed filing data is available for this year.$7.08$0.08$7.01$0.95$1.17$0.22
2015Detailed filing. Detailed filing data is available for this year.$7.29$0.07$7.22$0.87$1.42$0.55
2014Detailed filing. Detailed filing data is available for this year.$7.61$4.86$2.75$0.56$1.48$0.93
2013Summary only. Only limited summary data is available for this year.$7.86$4.19$3.68$0.59$1.54$0.95
2012Summary only. Only limited summary data is available for this year.$8.15$3.52$4.63$0.44$1.72$1.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.65$2.74$5.91$2.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.04$1.51$7.53$0.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Aug 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,087,602
Mission and Program Overview

Mission

See schedule othe mission of the spruce peak arts center foundation is to be the leading year-round presenter of performing arts, film, educational, and family programs for stowe, vt and neighboring communities. Through programs of the highest quality in dance, music, theatre, and opera we ensure a diversity of talent on the stage and screen of our world-class theater. Our goal is to present a variety of programs that inspire, educate, and entertain all ages and interests.

The promotion of cultural, educational, and charitable activities within the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,414,433$5,252,663▼ $161,770
Investments in Publicly Traded Securities$781,078$767,588▼ $13,490
Savings and Temporary Cash Investments$144,803$434,880▲ $290,077
Prepaid Expenses and Deferred Charges$51,010$85,044▲ $34,034
Accounts Receivable$31,105$77,223▲ $46,118
Pledges and Grants Receivable$36,400$37,400▲ $1,000
Cash and Non-Interest-Bearing Accounts$134,187$8,570▼ $125,617
Inventories for Sale or Use$1,779$2,784▲ $1,005
Total Assets$6,594,795$6,666,152▲ $71,357
Liabilities
Deferred Revenue$84,441$114,306▲ $29,865
Accounts Payable and Accrued Expenses$143,514$88,542▼ $54,972
Total Liabilities$227,955$202,848▼ $25,107
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,265,980$6,430,090▲ $164,110
Net Assets With Donor Restrictions$100,860$33,214▼ $67,646
Total Net Assets Fund Balance$6,366,840$6,463,304▲ $96,464
Total Liabilities and Net Assets / Fund Balance$6,594,795$6,666,152▲ $71,357

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,903,110$2,763,682$7,666,792
Equipment$26,778$664,770$691,548
Land$322,775-$322,775
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Seth SolowayExecutive Director (startFT$134,626$23,034$157,660

Board Members and Trustees

NameTitle
Dianne BrownChair
Mirza CavalicVice Chair
Andrew ChmuraDirector
Caren MersonDirector
Dean GoodermoteDirector
Lisa HagertyDirector
Lisa McgovernDirector
Sam GainesDirector
Jill WittenSecretary
Barry PiusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,339,201
Program Service Revenue
$641,162
Investment Income
$39,793
Other Revenue
$47,853
All Other Contributions
$1,339,201
Change in Net Assets
$96,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,188,097
Salaries, Compensation, and Employee Benefits$783,448
Total Fundraising Expense$366,566
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$278,234$94,318$180,241$552,793
Depreciation Depletion$213,347--$213,347
Occupancy$168,532--$168,532
Current Officers, Directors, Trustees, and Key Employees$75,722$25,669$49,053$150,444
Fees for Services Other$63,857$3,953$39,863$107,673
Advertising$62,795-$13,676$76,471
Insurance$63,274--$63,274
Payroll Taxes$29,572$10,025$19,157$58,754
Other Expenses$35,000$1,943$6,013$35,000
All Other Expenses$18,222$5,308$10,278$33,808
Travel$22,225--$22,225
Other Employee Benefits$10,800$3,661$6,996$21,457
Fees for Services Accounting-$9,300-$9,300
Fees for Services Legal-$1,085-$1,085
Total Functional Expenses$1,449,577$155,402$366,566$1,971,545
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
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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

Monitors using standard operating practices

Form 990, Part VI, Section B, Line 15

Compensation is determined by approval of the independent board of directors.

Form 990, Part VI, Section C, Line 19

This information is kept on file and is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Spruce Peak Arts Center Foundation Inc
EIN
90-0146728
Phone
8027604635
Address
122 HOURGLASS DRIVE, STOWE, VT 05672

Signing Officer

Name
Barry Pius
Title
Treasurer
Phone
8027604635
Signed
2025-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Pius
Formed
2004
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
10
Employees
36
Volunteers
71

Preparer

Firm
Mcsoley Mccoy & Co
Address
118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer
Connie Fellion
Phone
8026581808
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services: program service expenses 0. Management and general expenses 768. Fundraising expenses 767. Total expenses 1,535. Bank fees: program service expenses 20,379. Management and general expenses 505. Fundraising expenses 2,264. Total expenses 23,148. Other professional fees: program service expenses 43,478. Management and general expenses 2,680. Fundraising expenses 36,832. Total expenses 82,990.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(a) of the internal revenue code as an organization described in section 501(c)(3) as a public charity and is not a private foundation. None of its present or anticipated future activities are subject to unrelated business income taxes; therefore, no provision for income taxes has been made in the accompanying financial statements. Fasb asc 740, income taxes, requires entities to disclose in their financial statements the nature of any uncertainty in their tax positions. For tax-exempt entities, tax-exempt status itself is deemed to be an uncertainty, as events could potentially occur to jeopardize their tax-exempt status. Management believes the foundation has no uncertain tax positions. The foundation is no longer subject to examination by taxing authorities for the years before the year ended october 31, 2021.

Raw XML AppendixShowing 400 of 523 raw XML fields

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