Friends Of The Chief Foundation
- Assets
- $146.7k
- Revenue
- $231.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Steamboat Springs, CO
- Founding
- 11/2011
- Data as of
- 12/2020
- EIN
- 27-3209466
Organization Overview
Friends Of The Chief Foundation is located in Steamboat Springs, CO. The organization was established in 2011. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Friends Of The Chief 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 12/2020, Friends Of The Chief Foundation generated $231.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $223.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE CHIEF IS A NONPROFIT, 501(C)(3) CORPORATION COMMITTED TO THE REHABILITATION AND REVITALIZATION OF THE HISTORIC CHIEF THEATER IN DOWNTOWN STEAMBOAT SPRINGS, COLORADO. WE SEEK TO DEVELOP THIS HISTORIC BUILDING INTO A CULTURAL CENTER THAT MEETS THE NEEDS OF A VIBRANT AND ACTIVE ARTS COMMUNITY THROUGH STATE-OF-THE-ART TECHNOLOGY, DIVERSE PROGRAMMING AND EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP THE CHIEF THEATER BUILDING INTO A CULTURAL CENTER THAT MEETS THE NEEDS OF A VIBRANT AND ACTIVE ARTS COMMUNITY THROUGH STATE-OF-THE-ART TECHNOLOGY, DIVERSE PROGRAMMING AND EDUCATIONAL OPPORTUNITIES.
DEVELOP THE CHIEF THEATER BUILDING INTO A CULTURAL CENTER THAT MEETS THE NEEDS OF A VIBRANT AND ACTIVE ARTS COMMUNITY THROUGH STATE-OF-THE-ART TECHNOLOGY, DIVERSE PROGRAMMING AND EDUCATIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Parker Executive Dir. | Officer | 40 | $74,475 |
Katy Goodman President | OfficerTrustee | 1 | $0 |
Scott Whither Treasurer | OfficerTrustee | 1 | $0 |
Kim Haggarty Vice President | OfficerTrustee | 1 | $0 |
Dee Huddleston Secretary | OfficerTrustee | 1 | $0 |
Clark Davidson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,153 |
| Fundraising events | $1,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,027 |
| Total Program Service Revenue | $36,031 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,619 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $7,267 |
| Net Income from Sales of Inventory | $15,135 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,079 |
| 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. | $74,475 |
| Compensation of current officers, directors, key employees. | $11,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,974 |
| Payroll taxes | $6,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,420 |
| Advertising and promotion | $19,852 |
| Office expenses | $307 |
| Information technology | $575 |
| Royalties | $0 |
| Occupancy | $29,384 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,390 |
| Insurance | $16,388 |
| All other expenses | $10,143 |
| Total functional expenses | $223,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,329 |
| Prepaid expenses and deferred charges | $1,232 |
| Net Land, buildings, and equipment | $105,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,676 |
| Accounts payable and accrued expenses | $4,591 |
| 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 | $17,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,924 |
| Total liabilities | $40,545 |
| Net assets without donor restrictions | $106,131 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $146,676 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of The Chief Foundation has recieved totaling $25,645.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $17,336 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,287 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Arvada Center For The Arts And Humanities Arvada, CO | $4,050,578 | $14,173,425 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
Mijente Support Committee Phoenix, AZ | $11,714,923 | $5,386,402 |
Mizel Center For Arts And Culture Denver, CO | $1,231,289 | $3,287,968 |
Lawrence Arts Center Inc Lawrence, KS | $4,356,263 | $3,080,758 |
Breckenridge Creative Arts Breckenridge, CO | $2,416,753 | $3,508,124 |
Seriesfest Denver, CO | $743,501 | $1,745,266 |
Sangre De Cristo Arts & Conference Center Inc Pueblo, CO | $10,967,015 | $4,351,020 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Mark Arts Inc Wichita, KS | $23,539,430 | $2,389,288 |