Sheldon Arts Foundation
- Assets
- $19.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 51
- Location
- Saint Louis, MO
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 43-1489756
Organization Overview
Sheldon Arts Foundation is located in Saint Louis, MO. The organization was established in 1994. 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 06/2022, Sheldon Arts Foundation employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheldon Arts 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, Sheldon Arts Foundation generated $2.9m 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 (9.3%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH THE POWER OF MUSIC AND ART, THE SHELDON ENSURES THAT ALL HAVE ACCESS TO UNIQUE, RELEVANT AND INVENTIVE EXPERIENCES THAT CHANGE LIVES AND STRENGTHEN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICAL AND EDUCATIONAL PROGRAMS: THE SHELDON SEEKS TO PRESENT QUALITY MUSIC IN MANY DIVERSE GENRES. - COVID-19 AND THE OMICRON VARIANT CONTINUED TO HAVE SOME IMPACT DURING THE 2020-2021 SEASON, RESULTING IN THE CANCELLATION OF 3 CONCERTS AND THE POSTPONEMENT OF 1 CONCERT. 19 IN PERSON CONCERTS THIS YEAR WERE SUCCESSFULLY PRESENTED IN THE HISTORIC SHELDON CONCERT HALL AND OUTDOOR PLAZA TO APPROXIMATELY 12,962 PATRONS. WE ALSO VIRTUALLY STREAMED SEVERAL CONCERTS ALONG WITH STUDENT RECITALS AND MIZZOU NEW MUSIC INITIATIVE PREMIERES AT NO COST, ACHIEVING 10,624 VIEWS. THE SHELDON ALSO SEEKS TO INTRODUCE, BUILD AN APPRECIATION FOR AND IN SOME CASES ADVANCE THE ARTISTIC CAPABILITIES OF YOUNG PEOPLE IN BOTH MUSIC AND THE VISUAL ARTS. THE SHELDON CONTINUED ITS STREAMING PLATFORM IN ADDITION TO LIVE PERFORMANCES FOR OUR EDUCATIONAL PROGRAMS, STREAMING 23 PROGRAMS (16 OF THOSE WERE LIVE PERFORMANCES WITH AUDIENCES) AND INTRODUCING OVER 68,408 CHILDREN TO A WIDE RANGE OF MUSIC - INCLUDING JAZZ, FOLK, CLASSICAL, BLUES, THE AMERICAN MUSICAL, AND MUSIC FROM THE LEWIS AND CLARK ERA - AND INTRODUCED YOUNG PEOPLE TO A WIDE RANGE OF VISUAL ARTS - INCLUDING PHOTOGRAPHY, DRAWING, PAINTING, SCULPTURE AND ARCHITECTURE THROUGH VIRTUAL GALLERY TALKS.
COMMUNITY EVENTS AND BEVERAGE WERE SLIGHTLY IMPACTED BY COVID-19 AND OMICRON VARIANT, WITH SOME CANCELLATIONS AND POSTPONEMENTS OF EVENTS.
PRESERVATION AND OPERATION OF THE HISTORIC SHELDON CONCERT HALL.
VISUAL ARTS: THE SHELDON SEEKS TO PRESENT QUALITY EXHIBITS IN MANY DIVERSE GENRES - 20 EXHIBITS WERE SUCCESSFULLY PRESENTED IN THE SHELDON ART GALLERIES THAT SERVED OVER 9,150 ADULTS AND YOUNG PEOPLE. WE CONTINUED TO EXPAND OUR REACH WITH THE VIRTUAL STREAMING OF GALLERY TALKS AND WORKSHOPS FOR STUDENTS AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Palermo Executive Director | Officer | 35 | $201,997 |
Julie Plowman Deputy Director/director Of Finance | Officer | 35 | $148,820 |
James Watson Chair | OfficerTrustee | 1 | $0 |
Sue Engelhardt Vice Chair | OfficerTrustee | 1 | $0 |
Dave Gifford Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Danforth Vice Chair/chair - Governance | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sm Wilson & Company General Construction | 6/29/20 | $543,131 |
Albert Arno Inc Hvac And Boilers | 6/29/20 | $290,693 |
Powers Bowersox Architectural Fees - Plaza | 6/29/20 | $106,495 |
Sm Wilson & Company General Construction | 6/29/20 | $543,131 |
Albert Arno Inc Hvac And Boilers | 6/29/20 | $290,693 |
Powers Bowersox Architectural Fees - Plaza | 6/29/20 | $106,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,686 |
| Related organizations | $0 |
| Government grants | $648,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,348,489 |
| Noncash contributions included in lines 1a–1f | $37,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,235,904 |
| Total Program Service Revenue | $75,910 |
| Investment income | $44,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$24,669 |
| Net Gain/Loss on Asset Sales | -$1,646,482 |
| Net Income from Fundraising Events | -$43,443 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $80,601 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,862,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,916 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $332,107 |
| Compensation of current officers, directors, key employees. | $153,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $96,660 |
| Payroll taxes | $65,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,705 |
| Fees for services: Other | $59,189 |
| Advertising and promotion | $56,920 |
| Office expenses | $179,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,078 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $549,541 |
| Insurance | $71,880 |
| All other expenses | $602 |
| Total functional expenses | $2,656,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,063,970 |
| Savings and temporary cash investments | $1,203,991 |
| Pledges and grants receivable | $970,650 |
| Accounts receivable, net | $326,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $63,838 |
| Prepaid expenses and deferred charges | $50,021 |
| Net Land, buildings, and equipment | $11,435,201 |
| Investments—publicly traded securities | $2,729,573 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,244 |
| Total assets | $19,890,863 |
| Accounts payable and accrued expenses | $164,336 |
| Grants payable | $0 |
| Deferred revenue | $265,561 |
| 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 | $1,089,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $278,292 |
| Total liabilities | $1,798,153 |
| Net assets without donor restrictions | $12,412,836 |
| Net assets with donor restrictions | $5,679,874 |
| 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 | $19,890,863 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Sheldon Arts Foundation has recieved totaling $480,650.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater St Louis Inc Saint Louis, MO PURPOSE: CCS - Strengthen Communities | $261,845 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $87,650 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: ARTS & CULTURE | $40,000 |
St Louis Community Foundation St Louis, MO PURPOSE: ARTS & CULTURE | $30,577 |
Regional Cultural & Performing Arts Development Commission St Louis, MO PURPOSE: ARTS AND CULTURE PROGRAMS | $26,126 |
St Louis Cardinals Community Fund St Louis, MO PURPOSE: Gen. Op. Funds | $25,000 |
Endowment Analysis
| Beg. Balance | $2,409,498 |
| Earnings | -$274,023 |
| Net Contributions | $330,000 |
| Ending Balance | $2,465,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Music And Dance Theater Chicago Inc Chicago, IL | $59,585,451 | $8,251,636 |
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Producers Live Stock Cr Corp Omaha, NE | $188,745,900 | $8,023,454 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Firehouse Community Arts Center Of Chicago Chicago, IL | $572,664 | $2,968,045 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Sheldon Arts Foundation Saint Louis, MO | $19,890,863 | $2,862,291 |