Turrell Art Foundation
- Assets
- $84.5m
- Revenue
- $27.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Flagstaff, AZ
- Founding
- 07/2009
- Data as of
- 06/2021
- EIN
- 26-2635896
Organization Overview
Turrell Art Foundation is located in Flagstaff, AZ. The organization was established in 2009. 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 06/2021, Turrell Art Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turrell Art Foundation 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 06/2021, Turrell Art Foundation generated $27.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.1% each year . All expenses for the organization totaled $626.1k during the year ending 06/2021. While expenses have increased by 37.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TURRELL ART FOUNDATION IS RESPONSIBLE FOR SUPPORTING THE FUNDRAISING, REALIZATION, AND OPERATION OF JAMES TURRELL'S RODEN CRATER PROJECT; FOR THE CONSERVATION OF LANDS THROUGH SUSTAINABLE RANGE MANAGEMENT PRACTICES AND PROTECTION OF THE RODEN CRATER VIEWSHED AND DARK SKIES; AND THE SUSTENANCE AND EDUCATIONAL PROMOTION OF JAMES TURRELL'S ARTWORKS AND LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INFORMATION TO THE GENERAL PUBLIC REGARDING THE ARTISTIC WORKS OF JAMES TURRELL ESPECIALLY THE PROJECT KNOWN AS RODEN CRATER BEING DESIGNED AND CONSTRUCTED BY JAMES TURRELL. RODEN CRATER SITS WITHIN THE BOUNDARIES OF THE PAINTED DESERT APPROXIMATELY 20 MILES NORTHEAST OF FLAGSTAFF, AZ. IN THE CURRENT YEAR, THE ORGANIZATION FUNDED MONEY TO HELP WITH CONSTRUCTION IN THE NEXT PHASE OF THE RODEN CRATER PROJECT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Miller Associate Director | 40 | $121,228 | |
Michael Govan Vice President | OfficerTrustee | 1 | $0 |
Kyung-Lim Lee Turrell Treasurer | OfficerTrustee | 20 | $0 |
James A Turrell President | OfficerTrustee | 20 | $0 |
Richard Andrews Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,533,075 |
| Noncash contributions included in lines 1a–1f | $4,976,757 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,552,655 |
| Total Program Service Revenue | $0 |
| Investment income | $48,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,950 |
| Net Gain/Loss on Asset Sales | $206,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,051,414 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,072 |
| Fees for services: Accounting | $54,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,330 |
| Advertising and promotion | $0 |
| Office expenses | $38,847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,887 |
| Travel | $379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,347 |
| Insurance | $25,564 |
| All other expenses | $808 |
| Total functional expenses | $626,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,564,591 |
| Savings and temporary cash investments | $15,484,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,420 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $39,468,896 |
| Investments—publicly traded securities | $2,405,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,610,302 |
| Total assets | $84,539,675 |
| Accounts payable and accrued expenses | $9,410 |
| 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 | $2,000 |
| Secured mortgages and notes payable | $63,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,840 |
| Net assets without donor restrictions | $0 |
| 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 | $84,464,835 |
| Total liabilities and net assets/fund balances | $84,539,675 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Turrell Art Foundation has recieved totaling $14,952,714.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: PUBLIC SUPPORT | | $14,881,650 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $71,064 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Visions Foundation Malibu, CA | $2,694,700 | $10,872,980 |
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |