Steamboat Art Museum
- Assets
- $1.7m
- Revenue
- $643.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Steamboat Springs, CO
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 20-3867662
Organization Overview
Steamboat Art Museum is located in Steamboat Springs, CO. The organization was established in 2008. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Steamboat Art Museum employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steamboat Art Museum 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 12/2022, Steamboat Art Museum generated $643.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $506.1k during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PRESENT THE VISUAL ARTS TO THE COMMUNITY OF NORTHWEST COLORADO REFLECTING AND ENHANCING OUR CULTURE AND HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EXHIBITS AND SHOWS OF ARTWORK TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betse Grassby Executive Dir. | Officer | 40 | $92,675 |
Rod Hanna Director | Trustee | 2 | $0 |
Melanie Timmons Director | Trustee | 2 | $0 |
John Fawcett Director | Trustee | 2 | $0 |
Joel Piassick Vice President | Trustee | 2 | $0 |
Jim Heckbert Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,979 |
| Total Program Service Revenue | $188,407 |
| Investment income | $15,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $605 |
| Net Gain/Loss on Asset Sales | -$27,353 |
| Net Income from Fundraising Events | -$2,497 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$41,974 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $643,237 |
| 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. | $92,675 |
| Compensation of current officers, directors, key employees. | $27,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,859 |
| Advertising and promotion | $4,804 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,736 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,550 |
| Insurance | $7,519 |
| All other expenses | $27,756 |
| Total functional expenses | $506,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,340 |
| Savings and temporary cash investments | $576,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,596 |
| Prepaid expenses and deferred charges | $2,947 |
| Net Land, buildings, and equipment | $941,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,250 |
| Total assets | $1,683,106 |
| Accounts payable and accrued expenses | $31,593 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,593 |
| Net assets without donor restrictions | $1,315,890 |
| Net assets with donor restrictions | $335,623 |
| 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 | $1,683,106 |