Sun Valley Center For The Arts Inc
- Assets
- $8.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 30
- Location
- Sun Valley, ID
- Founding
- 06/1971
- Data as of
- 05/2022
- EIN
- 23-7113276
Organization Overview
Sun Valley Center For The Arts Inc, operating under the name Sun Valley Museum Of Art, is located in Sun Valley, ID. The organization was established in 1971. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Sun Valley Museum Of Art employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Valley Museum Of Art 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 05/2022, Sun Valley Museum Of Art generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.7m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. 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 ENRICH OUR COMMUNITY THROUGH TRANSFORMATIVE ARTS AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SVMOA'S PERFORMING ARTS OFFERINGS ARE ROOTED IN ARTS EDUCATION AND RANGE FROM WORLD CLASS MUSIC AND JAZZ TO AMERICANA, MODERN DANCE TO COMMUNITY WIDE OUTDOOR CONCERTS. A YEAR-ROUND FILM SERIES COMPLEMENTS THE BIG IDEA PROGRAMMING AND OFFERS ARTS FOCUSED AND DOCUMENTARY FILMS THAT WOULD OTHERWISE NOT BE AVAILABLE IN OUR COMMUNITY.COMPANY OF FOOLS (COF), A PROFESSIONAL THEATRE COMPANY OPERATING UNDER AN ACTORS' EQUITY ASSOCIATION CONTRACT, FOUNDED IN 1992 WAS A PART OF SVMOA FROM 2013 TO 2022. AFTER MID-MARCH 2020, COF WAS UNABLE TO PRODUCE LIVE THEATER DUE TO THE COVID 19 PANDEMIC. AFTER SIGNIFICANT DISCUSSION WITH THE SVMOA BOARD AND COMPANY OF FOOLS' CONSTITUENCY, BOTH ORGANIZATIONS AGREED TO DISSOLVE THE RELATIONSHIP BETWEEN THE TWO ENTITIES AND THE THEATER GROUP HAS REFORMED UNDER THE NAME THE LIBERTY THEATRE COMPANY, WHICH WILL CARRY ON THE COF LEGACY AS A NEW 501C3. THIS NEW ORGANIZATION RECEIVED FINANCIAL AND OPERATIONAL SUPPORT FROM SVMOA IN THE FISCAL YEAR ENDING MAY 2022.
SVMOA PROVIDES NUMEROUS FREE ARTS EDUCATION PROGRAMS THAT REACH MULTIPLE SECTORS WITHIN OUR COMMUNITY. OUR LONGSTANDING PARTNERSHIP WITH LOCAL SCHOOLS INVOLVES TAKING VISITING ARTISTS, MUSICIANS AND WRITERS INTO CLASSROOMS, OFFERING IN-SCHOOL RESIDENCY PROGRAMS THAT WORK WITH TEACHERS TO MEET CURRICULAR GOALS, PROVIDING SCHOOL TOURS OF OUR EXHIBITIONS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR AREA EDUCATORS. IN ADDITION TO SKILL-BASED ART CLASSES, WE OFFER LECTURES AND ART HISTORY DISCUSSIONS ON RELEVANT TOPICS FOR THE COMMUNITY.
ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS, SVMOA IS A NON-COLLECTING MUSEUM THAT ORIGINATES VISUAL ART EXHIBITIONS THAT RANGE WIDELY IN SCOPE, STRUCTURE, AND SUBJECT. MOST EXHIBITIONS ARE PART OF LARGER "BIG IDEA PROJECTS" THAT EXPLORE IDEAS OR CONCEPTS RELEVANT TO OUR TIME AND OF INTEREST TO OUR REGION. THIS APPROACH PROVIDES AN OPPORTUNITY FOR OUR COMMUNITY TO COME TOGETHER IN CONVERSATION AND PROVIDES A FOUNDATION FROM WHICH WE ARE ABLE TO OFFER OUR AUDIENCE EXPERIENCES WITH SOME OF THE WORLD'S MOST INTERESTING ARTISTS, MUSICIANS, AUTHORS, FILMMAKERS, AND THOUGHT LEADERS.
SVMOA GRANTS SCHOLARSHIPS TO BLAINE COUNTY HIGH SCHOOL AND COLLEGE STUDENTS AND TEACHERS FOR THE STUDY OF THE ARTS AND HUMANITIES. SVMOA OFFERS SCHOLARSHIPS TO ART CLASSES AS WELL AS DISCOUNTED TICKETS FOR STUDENTS AND TEACHERS TO SELECT EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Poole Acting Ed/artistic Consultant | Officer | 40 | $124,115 |
Jim Reid Vice President | OfficerTrustee | 4 | $0 |
Linda Bowling Secretary | OfficerTrustee | 4 | $0 |
Ellen Gillespie President | OfficerTrustee | 10 | $0 |
Linda Nicholson Treasurer | OfficerTrustee | 4 | $0 |
Amber Busuttil Mullen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $292,280 |
| Fundraising events | $885,969 |
| Related organizations | $0 |
| Government grants | $1,097,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,614,012 |
| Noncash contributions included in lines 1a–1f | $84,251 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,890,082 |
| Total Program Service Revenue | $256,264 |
| Investment income | $58,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,119,571 |
| Net Income from Fundraising Events | $155,124 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,240,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,751 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,673 |
| Compensation of current officers, directors, key employees. | $22,709 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $749,550 |
| Pension plan accruals and contributions | $18,539 |
| Other employee benefits | $61,090 |
| Payroll taxes | $69,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,711 |
| Fees for services: Accounting | $16,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,628 |
| Fees for services: Other | $291,758 |
| Advertising and promotion | $185,595 |
| Office expenses | $194,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,076 |
| Travel | $11,821 |
| 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 | $86,054 |
| Insurance | $29,026 |
| All other expenses | $42,799 |
| Total functional expenses | $2,659,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,582,197 |
| Savings and temporary cash investments | $232,970 |
| Pledges and grants receivable | $38,550 |
| Accounts receivable, net | $31,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,426 |
| Prepaid expenses and deferred charges | $225,648 |
| Net Land, buildings, and equipment | $1,483,547 |
| Investments—publicly traded securities | $3,649,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,382,045 |
| Accounts payable and accrued expenses | $228,147 |
| Grants payable | $0 |
| Deferred revenue | $711,246 |
| 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 | $939,393 |
| Net assets without donor restrictions | $7,332,652 |
| Net assets with donor restrictions | $110,000 |
| 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 | $8,382,045 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Sun Valley Center For The Arts Inc has recieved totaling $250,887.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $138,330 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
The Judith And Marshall Meyer Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $13,200 |
Spur Community Foundation Inc Ketchum, ID PURPOSE: GENERAL SUPPORT | $12,500 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $11,000 |
Swig Foundation San Francisco, CA PURPOSE: ENRICH THE COMMUNITY THROUGH TRANSFORMATIVE ARTS AND EDUCATIONAL EXPERIENCES. OFFER HIGH QUALITY PROGRAMMING IN A VARIETY OF DISCIPLINES. | $10,000 |
Endowment Analysis
| Beg. Balance | $1,212,548 |
| Earnings | -$90,736 |
| Ending Balance | $1,121,812 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Smith Center For The Performing Arts Las Vegas, NV | $427,449,516 | $12,755,870 |
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Craterian Performances Company Medford, OR | $5,606,742 | $1,921,347 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |