40 West Arts Inc
- Assets
- $169.5k
- Revenue
- $304.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-2729060
Organization Overview
40 West Arts Inc is located in Lakewood, CO. The organization was established in 2012. 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. 40 West Arts 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 12/2023, 40 West Arts Inc generated $304.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $307.4k during the year ending 12/2023. While expenses have increased by 13.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VISION: TO ACCELERATE THE RE-EMERGENCE OF LAKEWOOD'S HISTORIC WEST COLFAX CORRIDOR AS A VIBRANT CREATIVE CORRIDOR AND A MEMORABLE COMMERCIAL DESTINATION; MISSION: TO ENRICH THE COMMUNITY AND ENHANCE THE CREATIVE CULTURAL AND ECONOMIC VITALITY OF THE HISTORIC WEST COLFAX CORRIDOR BY CREATING OR CATALYZING COMMUNITY ARTS SPACES AND COMMUNITY ARTS EVENTS AND BY FACILITATING CREATIVE ENTERPRISES EXPERIENCES AND ACTIVITIES IN THE DISTRICT; VALUES: TO BE AN INCLUSIVE ORGANIZATION WITH A COMMITMENT TO CREATIVITY THAT INSPIRES ARTISTIC EXPERIMENTATION FOR BOTH THE NOVICE AND PROFESSIONAL AND ADVANCES THE CREATIVE CULTURAL ENTREPRENEURIAL ECONOMIC AND PHYSICAL VITALITY OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
40 WEST CONNECTS PROGRAM PROVIDES FREE AND REDUCED COST ARTS AND CULTURE PROGRAMMING TO THE SURROUNDING COMMUNITY. LAKEWOOD WEST COLFAX IS HISTORICALLY A CORRIDOR THAT HAS BEEN UNDERSERVED BY THE ARTS SO 40 WEST CONNECTS ENSURES THAT ARTS AND CREATIVE ACTIVITIES MAKE IT TO THE AREAS AND PEOPLE THAT NEED IT THE MOST. THE FREE FAMILY FRIENDLY ACTIVITIES PROVIDED BY THIS PROGRAM WOULD NOT BE POSSIBLE WITHOUT OUR MANY PRODUCTIVE PARTNERSHIPS INCLUDING THOSE WITH OUR MANY ARTISTS MEMBERS COLORADO'S SCFD COLORADO CREATIVE INDUSTRIES XCEL ENERGY FOUNDATION THE COLORADO GIVES FOUNDATION FORMERLY COMMUNITY FIRST FOUNDATION THE LAKEWOOD-WEST COLFAX BID WEST COLFAX COMMUNITY ASSOCIATION AND OUR ONGOING PARTNERSHIP WITH THE CITY OF LAKEWOOD.
THE 40 WEST ARTLINE IS A 4-MILE WALKING AND BIKING ARTS EXPERIENCE IN THE HEART OF THE STATE-CERTIFIED 40 WEST ARTS CREATIVE DISTRICT NEAR HISTORIC WEST COLFAX AVENUE AND THE RTD W LINE IN LAKEWOOD COLORADO. THIS FREE OUTDOOR GALLERY EXPERIENCE FOLLOWS SIDEWALKS BIKE AND PARK PATHS AND LOCAL STREETS AND CAN BE VISITED IN SECTIONS OR IN ITS ENTIRETY. SUPPORTED BY A MAJOR GRANT FROM THE NATIONAL ENDOWMENT FOR THE ARTS THE ARTLINE LAUNCHED IN 2018 AFTER YEARS OF PLANNING AND IS ENVISIONED TO EVENTUALLY BECOME THE LONGEST CONTINUOUS ARTS EXPERIENCE IN COLORADO.
40 WEST COLFAX ART CRAWLS IS A DISTRICTWIDE MONTHLY EVENT IN WHICH OUR CREATIVE VENUE HOST FREE EXHIBITIONS DEMOS CLASSES AND HANDS-ON MAKE-AND-TAKE ACTIVITIES. EVERY QUARTER THE DISTRICT ENHANCES THIS PROGRAM WITH A DIVERSE ARRAY OF LIVE ENTERTAINMENT THROUGHOUT THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Black Pt Exec Directorboard Secretary | Officer | 25 | $26,400 |
Terra Marks Gallery Manager | Officer | 20 | $20,900 |
William Marino Board Chair | OfficerTrustee | 25 | $0 |
Kevin Yoshida Vice Chair And Treasurer | OfficerTrustee | 10 | $0 |
Dave Rein Board Member | Trustee | 10 | $0 |
Katja Walton Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,110 |
| Fundraising events | $11,860 |
| Related organizations | $0 |
| Government grants | $105,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,322 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,322 |
| 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 | $62,656 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,000 |
| Fees for services: Accounting | $6,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,225 |
| Office expenses | $1,770 |
| Information technology | $1,758 |
| Royalties | $0 |
| Occupancy | $32,607 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,174 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,644 |
| All other expenses | $0 |
| Total functional expenses | $307,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,778 |
| Savings and temporary cash investments | $162,674 |
| 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 | $0 |
| Total assets | $169,452 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $169,452 |
| 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 | $169,452 |