Sculpturewalk Inc
- Assets
- $2.9m
- Revenue
- $385.0k
- Investments
- $21.0k
- Employees
- 2
- Location
- Sioux Falls, SD
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-8535871
Organization Overview
Sculpturewalk Inc is located in Sioux Falls, SD. The organization was established in 2007. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Sculpturewalk Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sculpturewalk Inc 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 12/2021, Sculpturewalk Inc generated $385.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $403.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO BRING ART TO THE PEOPLE AND ITS GUIDING PRINCIPLE IS TO BE THE HIGHEST QUALITY MOST PROFESSIONAL FINANCIALLY STRONG ARTIST FRIENDLY YEAR ROUND OUTDOOR SCULPTURE PROGRAM IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCULPTUREWALK IS A NONPROFIT ORGANIZATION AND IS THE LARGEST ANNUAL EXHIBIT OF PUBLIC SCULPTURES IN THE WORLD. THE SCULPTURES ARE TYPICALLY INSTALLED IN MAY OF EACH YEAR AND ARE REMOVED IN APRIL OF THE FOLLOWING YEAR TO MAKE ROOM FOR NEW INCOMING SCULPTURES. MOST SCULPTURES ARE AVAILABLE FOR LONGTERM LEASE OR PURCHASE. SATELLITE PROGRAMS ARE AVERA MCKENNAN HOSPITAL TEN INDOOR SCULPTURE EXHIBIT UNIVERSITY OF SIOUX FALLS ELEVEN SCULPTURES ON CAMPUS UNIVERSITY OF SOUTH DAKOTA WITH SEVEN SCULPTURES CITY OF VERMILLION SD WITH FIVE SCULPTURES CITY OF WATERTOWN SD HAS SEVENTEEN SCULPTURES AND TWENTY-FOUR SCULPTURES ON LEASE AT VARIOUS LOCATIONS IN SIOUX FALLS SD. THE SCULPTURES COMPETE FOR PEOPLE'S CHOICE AWARD AND THE WINNING SCULPTURE IS PURCHASED BY THE CITY OF SIOUX FALLS. APPROXIMATELY THREE HUNDRED THOUSAND PEOPLE EXPERIENCE SCULPTUREWALK EVERY YEAR. THE PROGRAM IS GOING INTO IT'S 20TH YEAR IN 2022.
THE ARC OF DREAMS IS A MONUMENTAL STAINLESS STEEL SCULPTURE THAT SPANS ACROSS THE BIG SIOUX RIVER IN DOWNTOWN SIOUX FALLS IT IS NEARLY THE LENGTH OF A FOOTBALL FIELD. AT THE CENTER OF THE ARC OF DREAMS IS A 15 FOOT GAP 85 FEET ABOVE THE RIVER REPRESENTING THE LEAP OF FAITH DREAMERS TAKE TO SEE THEIR DREAMS COME TRUE.THE SCULPTURE WAS INSTALLED IN JULY 2019 AND WAS MADE POSSIBLE BY THE GENEROSITY OF OVER SEVEN HUNDRED TWENTY DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regan Smith President | OfficerTrustee | 1 | $0 |
Andrew Eitreim Vice President | OfficerTrustee | 1 | $0 |
Candi Grossenburg Secretary | OfficerTrustee | 1 | $0 |
Jeff Pray Treasurer | OfficerTrustee | 1 | $0 |
Jim Clark Executive Director | Officer | 40 | $0 |
Brandon Hanson Executive Director | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dale Lamphere Creation Of A Sculpture | 12/30/18 | $1,039,499 |
Hayward Baker Inc Microdrilling On Site | 12/30/18 | $199,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,850 |
| Related organizations | $0 |
| Government grants | $56,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,674 |
| Noncash contributions included in lines 1a–1f | $3,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,141 |
| Total Program Service Revenue | $86,806 |
| Investment income | $1,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,592 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $103,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $296 |
| Fees for services: Management | $116,101 |
| Fees for services: Legal | $2,254 |
| Fees for services: Accounting | $2,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600 |
| Advertising and promotion | $17,852 |
| Office expenses | $1,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,850 |
| Travel | $375 |
| 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 | $58,388 |
| Insurance | $12,277 |
| All other expenses | $1,368 |
| Total functional expenses | $403,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,750 |
| Accounts receivable, net | $8,626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,541 |
| Net Land, buildings, and equipment | $2,517,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,978 |
| Investments—program-related | $0 |
| Intangible assets | $10,620 |
| Other assets | $0 |
| Total assets | $2,909,587 |
| Accounts payable and accrued expenses | $17,137 |
| Grants payable | $0 |
| Deferred revenue | $27,544 |
| 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 | $44,681 |
| Net assets without donor restrictions | $2,833,906 |
| Net assets with donor restrictions | $31,000 |
| 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 | $2,909,587 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sculpturewalk Inc has recieved totaling $36,500.
| Awarding Organization | Amount |
|---|---|
Sheldon F Reese Foundation Sioux Falls, SD PURPOSE: GENERAL ASSISTANCE | $25,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare and betterment | $11,500 |
Endowment Analysis
| Beg. Balance | $19,150 |
| Earnings | $1,728 |
| Net Contributions | $100 |
| Ending Balance | $20,978 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosaic Employee Welfare Benefit Plan Trust Omaha, NE | $7,371,640 | $16,223,052 |
American Craft Council Minneapolis, MN | $6,869,826 | $3,121,094 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Union Construction Crafts Workers Compensation Fund Bloomington, MN | $541,374 | $1,672,771 |
American Association Of Woodturners St Paul, MN | $2,442,172 | $1,435,170 |
Art Association Of Jackson Hole Jackson, WY | $1,265,273 | $1,643,063 |
Urban Roots Mn St Paul, MN | $649,457 | $875,121 |
Forecast Public Artworks St Paul, MN | $1,063,412 | $1,010,564 |
Franconia Sculpture Park Shafer, MN | $3,377,116 | $636,537 |
Southeastern Minnesota Arts Council Inc Rochester, MN | $706,176 | $777,550 |
Hatch Bozeman, MT | $195,495 | $644,273 |
Lux Center For The Arts Lincoln, NE | $2,353,211 | $746,199 |