1520 Arts
- Assets
- $31.8k
- Revenue
- $232.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Salt Lake City, UT
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-4214752
Organization Overview
1520 Arts is located in Salt Lake City, UT. The organization was established in 2013. According to its NTEE Classification (A62) the organization is classified as: Dance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, 1520 Arts employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1520 Arts 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, 1520 Arts generated $232.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $219.7k during the year ending 12/2021. While expenses have increased by 18.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DANCE PERFORMANCES, EDUCATION, TRAINING, MARKETING OF EVENTS, MENTORING UNDERPRIVILEGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
DANCE PERFORMANCES, BENEFITED ABOUT 10,000 PEOPLE
AFTER SCHOOL PROGRAMS, BENEFITED ABOUT 3,000 PEOPLE
DANCE CLASSES, EDUCATION, TRAINING, MENTORING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Perkins CEO | Officer | 65 | $38,400 |
Josie Marine Marketing Director | Trustee | 5 | $0 |
Chris Owens Design Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,450 |
| Total Program Service Revenue | $87,677 |
| 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 | $232,127 |
| 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. | $38,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $44,877 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,290 |
| Office expenses | $800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,368 |
| Travel | $2,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,800 |
| All other expenses | $0 |
| Total functional expenses | $219,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,558 |
| 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 | $4,636 |
| 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 | $31,837 |
| Accounts payable and accrued expenses | $9,963 |
| 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 | $20,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,963 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,874 |
| Total liabilities and net assets/fund balances | $31,837 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 1520 Arts has recieved totaling $350.
| Awarding Organization | Amount |
|---|---|
Utah Film Center Dba Salt Lake City Film Center And Salt Lake City, UT PURPOSE: PROGRAM SERVICES | $350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Dance Institute New Mexico Inc Santa Fe, NM | $53,564,184 | $12,187,577 |
Nevada Ballet Theatre Las Vegas, NV | $11,399,340 | $6,401,211 |
New Dance Theatre Inc Denver, CO | $7,162,728 | $3,478,531 |
Repertory Dance Theatre Salt Lake City, UT | $557,073 | $1,169,576 |
Colorado Conservatory Of Dance Inc Broomfield, CO | $169,119 | $946,057 |
Ririe-Woodbury Dance Foundation Salt Lake City, UT | $1,266,619 | $1,060,008 |
The National Institute Of Flamenco Albuquerque, NM | $1,256,299 | $925,793 |
Celebrate The Beat Denver, CO | $131,198 | $638,984 |
Moving Arts Espanola Velarde, NM | $253,404 | $425,749 |
Treasure Valley Institute For Childrens Arts Boise, ID | $3,577,046 | $544,678 |
Lauren Edson Dance Incorporated Boise, ID | $57,299 | $417,531 |
Cm Dance Denver, CO | $300,259 | $424,452 |