Groundworks Art Lab Inc
- Assets
- $5.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Boulder, CO
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-0947724
Organization Overview
Groundworks Art Lab Inc is located in Boulder, CO. The organization was established in 2010. 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 12/2022, Groundworks Art Lab Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundworks Art Lab 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 12/2022, Groundworks Art Lab Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $966.7k during the year ending 12/2022. While expenses have increased by 15.6% 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 CULTIVATE THE ARTIST IN EACH OF US BY INVITING CREATIVE COLLABORATION IN THE STUDY, PRACTICE, AND ADVANCEMENT OF STUDIO ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO ARTS BOULDER OFFERS CERAMICS THROUGH THE BOULDER POTTERY LAB, WHICH WAS FOUNDED IN 1954. THE LAB PROVIDES EDUCATIONAL PROGRAMS TO ALL AGES; CHILDREN, TEENS, ADULTS AND SENIORS, AS WELL AS PEOPLE WITH DISABILITIES. LAB STAFF AND STUDENTS ALSO WORK TO ADVANCE SAFE ENVIRONMENTAL PRACTICES IN THE ARTS, SUCH AS ENERGY-EFFICIENCY, LOW-WATER USE, AND ZERO WASTE. THE ORGANIZATION ALSO PROVIDES FREE AND REDUCED-RATE PROGRAMS FOR CHILDREN IN LOW-INCOME HOUSING, KIDS AT RISK OF DROPPING OUT, HOMELESS TEENS AND YOUTH-IN-CRISIS, ADULTS WITH MILD TRAUMATIC BRAIN INJURIES, AND SURVIVORS OF DOMESTIC VIOLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Palazzari Executive Di | Officer | 40 | $80,605 |
Aaron Winston Pottery Lab | Officer | 40 | $80,686 |
Robert Crifasi President | OfficerTrustee | 3 | $0 |
Reate Mairie Secretary | OfficerTrustee | 3 | $0 |
Julie Penner Treasurer | OfficerTrustee | 3 | $0 |
Paul Heffron Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,250 |
| Fundraising events | $4,459 |
| Related organizations | $0 |
| Government grants | $1,977,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,204,701 |
| Total Program Service Revenue | $560,905 |
| Investment income | $2,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,112 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,799,374 |
| 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. | $168,818 |
| Compensation of current officers, directors, key employees. | $6,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,156 |
| Pension plan accruals and contributions | $6,063 |
| Other employee benefits | $11,435 |
| Payroll taxes | $46,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,858 |
| Fees for services: Accounting | $5,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,577 |
| Advertising and promotion | $9,567 |
| Office expenses | $21,176 |
| Information technology | $3,065 |
| Royalties | $0 |
| Occupancy | $159,738 |
| Travel | $8,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,564 |
| Insurance | $7,536 |
| All other expenses | $7,722 |
| Total functional expenses | $966,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,523 |
| Savings and temporary cash investments | $2,152,685 |
| Pledges and grants receivable | $198,500 |
| Accounts receivable, net | $1,733 |
| 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 | $10,533 |
| Net Land, buildings, and equipment | $3,077,244 |
| Investments—publicly traded securities | $128,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,072 |
| Total assets | $5,918,579 |
| Accounts payable and accrued expenses | $53,879 |
| Grants payable | $0 |
| Deferred revenue | $32,495 |
| 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 | $270,265 |
| Total liabilities | $356,639 |
| Net assets without donor restrictions | $3,269,773 |
| Net assets with donor restrictions | $2,292,167 |
| 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 | $5,918,579 |