40 West Arts Inc
- Assets
- $80.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- 06/2012
- Data as of
- 12/2021
- 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 12/2021, 40 West Arts Inc generated $167.0k 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 (3.3%) each year. All expenses for the organization totaled $192.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Black Executive Dir. | 30 | $18,960 | |
Kevin Yoshda Vice Chair/tr. | 10 | $0 | |
Gary Reed Board Member | 5 | $0 | |
Alexis Moore Board Member | 10 | $0 | |
Adam Snyder Board Member | 5 | $0 | |
Katja Walton Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,916 |
| Total Program Service Revenue | $10,860 |
| Membership dues | $10,240 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $167,016 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,000 |
| Professional fees and other payments to independent contractors | $5,413 |
| Occupancy, rent, utilities, and maintenance | $25,436 |
| Printing, publications, postage, and shipping | $1,103 |
| Other expenses | $104,506 |
| Total expenses | $192,458 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,991 |
| Other assets | $0 |
| Total assets | $79,991 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,991 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that 40 West Arts Inc has recieved totaling $220,277.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $180,233 |
Gates Family Foundation Denver, CO PURPOSE: RENOVATION | $30,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: ARTS AND CULTURE GRANT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
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 |