Cottonwood Artists School
- Assets
- $2.2m
- Revenue
- $809.1k
- Investments
- $3.0k
- Employees
- 8
- Location
- Colorado Springs, CO
- Founding
- 04/2006
- Data as of
- 12/2023
- EIN
- 20-3132668
Organization Overview
Cottonwood Artists School is located in Colorado Springs, CO. The organization was established in 2006. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Cottonwood Artists School employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottonwood Artists School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cottonwood Artists School generated $809.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $853.6k during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COTTONWOOD ENGAGES THE PIKES PEAK REGION IN ART THROUGH LEARNING, EXHIBITS AND PERFORMANCES, HOSTING A DIVERSE CREATIVE COMMUNITY OF WORKSPACE FOR ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORE THAN 2,700 STUDENTS REGISTER YEARLY FOR COTTONWOOD ART CLASSES TAUGHT BY ARTISTS IN THE BUILDING AND PROFESSIONALS FROM THE COMMUNITY. A WIDE RANGE OF SUBJECTS IS OFFERED, INCLUDING TRADITIONAL MEDIUMS, SUCH AS WATERCOLOR PAINTING, LIFE DRAWING, POTTERY, AND PRINTMAKING, AND MORE NICHE COURSES, LIKE PINE NEEDLE BASKET WEAVING, CANDLE MAKING, WRAP JEWELRY, AND STAINED GLASS. THE CENTER HAS RECENTLY EXPANDED INTO THE LITERARY ARTS, WITH CREATIVE WRITING, POETRY, ZINE MAKING, AND PERSONAL NARRATIVE CLASSES. AND THOSE READY FOR THEIR CLOSE-UP WILL FIND FILM, ACTING, VOICE, AND MUSIC CLASSES. BUSINESS CLASSES RELATED TO SELLING ART, INCLUDING WEBSITE DESIGN AND MARKETING, ARE ALSO AVAILABLE.THE 132 ARTISTS IN THE BUILDING, WHOSE COMBINED RENT CONTRIBUTES ABOUT $31,000 IN MONTHLY INCOME, ARE DIVERSE IN THEIR INTERESTS, OFFERINGS, AND EDUCATION. THE CENTER WORKS TO MAINTAIN AN ENVIRONMENT RICH WITH FORMALLY EDUCATED ART STUDENTS - CURRENTLY, A DOZEN HOLD MASTER OF FINE ARTS DEGREES - BUT IT'S NOT A REQUIREMENT. THOSE WITH NO FORMAL EDUCATION ARE ALSO ENCOURAGED TO BECOME PART OF THE COLLECTIVE AND LEARN FROM THEIR MORE EXPERIENCED CONTEMPORARIES. MANY PARTICIPATE IN MONTHLY CRITIQUES AND THE ARTIST CAFE; A SPACE DESIGNED TO CHALLENGE 3ND ENCOURAGE.MULTIPLE GALLERIES THROUGHOUT THE BUILDING SHOWCASE PROFESSIONAL ARTISTS AND THOSE JUST FINDING THEIR FOOTING. MONTHLY SHOWS FEATURE SOLO EXHIBITS, GROUP SHOWS, AND SELECTIVE JURIED SHOWS WITH A WIDE RANGE OF CONTEMPORARY THEMES. COTTONWOOD ALSO FINDS INNOVATIVE WAYS TO MAKE ART AVAILABLE, SUCH AS A DRIVE-BY EXHIBIT IN THE PARKING LOT DURING THE PANDEMIC.ADDITIONAL EVENTS PROVIDE ANOTHER REVENUE STREAM FOR COTTONWOOD AND HELP CONNECT THE CENTER TO THE COMMUNITY. OFFERINGS INCLUDE COLORADO FARM AND ART MARKETS, WHICH BRING IN 1,000 VISITORS EVERY MONTH FROM NOVEMBER TO MARCH, ART PARTIES FOR KIDS AND ADULTS, LIVE MUSIC, SPOKEN WORD POETRY PERFORMANCES, WEDDING RECEPTIONS, AND FUNDRAISERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cari Hanrahan President | OfficerTrustee | 2 | $0 |
Denise Noble Member | Trustee | 0.5 | $0 |
Todd Hein Member | Trustee | 0.5 | $0 |
Glenn Mcmahon Vice President | OfficerTrustee | 1 | $0 |
Tricia Muehlbauer Member | Trustee | 0.5 | $0 |
Anna Revolinsky Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,416 |
| Noncash contributions included in lines 1a–1f | $120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,416 |
| Total Program Service Revenue | $776,873 |
| Investment income | $1,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $809,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,960 |
| Compensation of current officers, directors, key employees. | $83,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,969 |
| Pension plan accruals and contributions | $3,635 |
| Other employee benefits | $0 |
| Payroll taxes | $24,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,607 |
| Advertising and promotion | $4,574 |
| Office expenses | $10,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,193 |
| Insurance | $18,653 |
| All other expenses | $96,028 |
| Total functional expenses | $853,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,916 |
| Savings and temporary cash investments | $175,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,589 |
| Net Land, buildings, and equipment | $1,903,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,000 |
| Investments—program-related | $0 |
| Intangible assets | $8,076 |
| Other assets | $0 |
| Total assets | $2,160,607 |
| Accounts payable and accrued expenses | $32,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,731 |
| Total liabilities | $580,563 |
| Net assets without donor restrictions | $1,580,044 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,160,607 |