Denver Art Society
- Assets
- $93.1k
- Revenue
- $174.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 09/2012
- Data as of
- 05/2022
- EIN
- 27-0750665
Organization Overview
Denver Art Society is located in Denver, CO. The organization was established in 2012. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Art Society 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, Denver Art Society generated $174.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $134.6k during the year ending 05/2022. While expenses have increased by 8.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUSTAIN THE LOCAL COMMUNITY THROUGH THE ARTS BY ERASING BARRIERS TO ENTRY INTO THE DENVER ART AND MUSIC SCENE FOR LOCAL ARTISTS, CONNECTING OUR MEMBERS TO A THRIVING ARTIST COMMUNITY, AND CONNECTING OUR MEMBERS TO THE GENERAL PUBLIC INTERESTED IN LOCAL ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DENVER ART SOCIETY COOPERATIVE HOSTED 16,000 PUBLIC VISITORS TO AN INCLUSIVE, UNCENSORED ART EXHIBITIONS, FEATURING ART FROM 120 LOCAL ARTISTS, PERFORMERS, AND ART STUDENTS OF ALL AGES, WHO COLLABORATIVELY PRODUCED 30 COMMUNITY CULTURAL EVENTS, HOSTED 45 WORKSHOPS, AND CURATED 360 DAYS OF EXHIBITIONS FREE AND OPEN TO PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Allen Chair | OfficerTrustee | 10 | $0 |
Jet Hughes Vice Chair | OfficerTrustee | 10 | $0 |
Ilya Narizhnyy Treasurer | Officer | 10 | $0 |
Curtis Bergesen Director | Trustee | 5 | $0 |
Julie Clark Director | Trustee | 5 | $0 |
Linda Hart Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,897 |
| Total Program Service Revenue | $62,302 |
| Investment income | $57 |
| 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 | $39,091 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,347 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $2,257 |
| Office expenses | $3,982 |
| Information technology | $591 |
| Royalties | $0 |
| Occupancy | $98,590 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $856 |
| All other expenses | $3,207 |
| Total functional expenses | $134,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,664 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,400 |
| Total assets | $93,064 |
| Accounts payable and accrued expenses | $17,757 |
| 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 | $17,757 |
| 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 | $75,307 |
| Total liabilities and net assets/fund balances | $93,064 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Denver Art Society has recieved totaling $7,521.
| Awarding Organization | Amount |
|---|---|
Anne Embree Charitable Foundation Naples, FL PURPOSE: DONATION | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Cultural Council Scottsdale, AZ | $11,025,722 | $9,457,681 |
Western States Arts Federation Denver, CO | $9,116,686 | $6,773,845 |
Arts Council Of Oklahoma City Oklahoma City, OK | $5,417,646 | $3,471,903 |
Arts Foundation For Tucson And Southern Arizona Tucson, AZ | $962,823 | $2,764,591 |
Arts And Humanities Council Of Tulsa Inc Tulsa, OK | $13,547,923 | $1,595,922 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
Loveland High Plains Arts Council Inc Loveland, CO | $824,395 | $2,062,390 |
Salt Lake Arts Council Foundation Salt Lake City, UT | $1,578,268 | $2,133,751 |
Union For Contemporary Art Inc Omaha, NE | $4,100,351 | $2,843,847 |
Carbondale Arts Carbondale, CO | $1,686,632 | $896,184 |
New Mexico Endowment For The Humanities Albuquerque, NM | $1,043,717 | $907,331 |
Flagstaff Arts Council Flagstaff, AZ | $449,865 | $873,786 |