The Sheldon Arts Foundation
- Assets
- $19.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 62
- Location
- Saint Louis, MO
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 43-1489756
Organization Overview
The 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 06/2023, Sheldon Arts Foundation employed 62 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 7 years, the organization has seen revenues fall by an average of (8.0%) 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 (2.6%) per year over the past 7 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. 47 IN PERSON CONCERTS THIS YEAR WERE SUCCESSFULLY PRESENTED IN THE HISTORIC SHELDON CONCERT HALL AND OUTDOOR PLAZA TO APPROXIMATELY 17,628 PATRONS. WE ALSO VIRTUALLY STREAMED A CONCERT FEATURING STEEP CANYON RANGERS FOR A PAYING AUDIENCE IN THE FALL OF 2022. 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 30 LIVE PERFORMANCES FOR OUR EDUCATIONAL PROGRAMS, WITH 28 OF THESE STREAMED, INTRODUCING OVER 31,431 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. IN JUNE 2023, 20 STUDENTS OF THE ALL-STAR CHORUS TOOK A 4-DAY TRIP TO NEW YORK CITY TO PERFORM IN CARNEGIE HALL. THE TRIP INCLUDED A VISIT TO CENTRAL PARK, SEEING A BROADWAY SHOW, CRUISING AROUND THE STATUE OF LIBERTY ON A DINNER CRUISE AND CHECKING OUT THE CITY FROM THE TOP OF THE EMPIRE STATE BUILDING, BUT THE HIGHLIGHT WAS PARTICIPATING WITH A MASS-CHOIR, MADE UP OF SINGERS FROM ALL OVER, REHEARSING AND PERFORMING THE GOSPEL MASS BY ROBERT RAY IN CARNEGIE HALL. IT WAS THE MOST CHALLENGING, LONGEST PIECE OF MUSIC THE STUDENTS HAD LEARNED AND PERFORMED. THE CULMINATING PERFORMANCE WAS ACCOMPANIED BY AN ORCHESTRA, AND PROFESSIONAL SOLOISTS.
VISUAL ARTS: THE SHELDON SEEKS TO PRESENT QUALITY EXHIBITS IN MANY DIVERSE GENRES - 13 EXHIBITS WERE SUCCESSFULLY PRESENTED IN THE SHELDON ART GALLERIES THAT SERVED OVER 18,343 ADULTS AND YOUNG PEOPLE. GOLF THE GALLERIES RETURNED FOR ITS 6TH SEASON WITH AN EXCITING GROUP OF 9 CREATIVE AND FUN HOLES CREATED BY LOCAL ARTISTS DURING THE SUMMER 2022.
COMMUNITY EVENTS AND BEVERAGE: BEGIN TO REBOUND, WITH SOME DELAYED RECOVERY BECAUSE RENTAL EVENTS TRADITIONALLY BOOK A YEAR IN ADVANCE.
PRESERVATION AND OPERATION OF THE HISTORIC SHELDON CONCERT HALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Palermo Executive Director | Officer | 35 | $203,641 |
Julie Plowman Deputy Director/director Of Finance | Officer | 35 | $140,531 |
James Watson Chair | OfficerTrustee | 1 | $0 |
Sue Engelhardt Vice Chair | OfficerTrustee | 1 | $0 |
Dave Gifford Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Danforth 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,235,904 |
| 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 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 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 | $0 |
| 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 |
| 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 | $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 |
| Total liabilities and net assets/fund balances | $18,092,710 |