Center For The Arts
- Assets
- $20.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 80
- Location
- Crested Butte, CO
- Founding
- 05/1987
- Data as of
- 10/2022
- EIN
- 74-2451146
Organization Overview
Center For The Arts is located in Crested Butte, CO. The organization was established in 1987. 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 10/2022, Center For The Arts employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For The 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 10/2022, Center For The Arts generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $3.2m during the year ending 10/2022. While expenses have increased by 15.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICHING AND ENGAGING THE COMMUNITY BY FOSTERING ARTISTIC EXPRESSION AND CULTURAL EXPERIENCES IN COLORADO'S UPPER EAST RIVER VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER FOR THE ARTS IS A COMMUNITY FACILITY WITH THE PRIMARY PURPOSE OF PROVIDING A PERFORMANCE FACILITY FOR LOCAL ART GROUPS, AS WELL AS BRINGING OUTSIDE PERFORMANCE GROUPS TO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Mason Co-Ed, Oper | Officer | 40 | $96,259 |
Jillian Liebl Co-Ed, Dir O | Officer | 40 | $79,635 |
Brooke Harless Macmillan Co-Ed, Art D | Officer | 40 | $76,510 |
William Carter President | OfficerTrustee | 2 | $0 |
Lydia Deutsch Secretary | OfficerTrustee | 2 | $0 |
Leigh Mundy Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,500 |
| Related organizations | $0 |
| Government grants | $263,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,244,700 |
| Noncash contributions included in lines 1a–1f | $190,618 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,512,112 |
| Total Program Service Revenue | $739,345 |
| 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 | $553,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $175,662 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,980,319 |
| 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. | $272,908 |
| Compensation of current officers, directors, key employees. | $90,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $759,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,717 |
| Payroll taxes | $91,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,181 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,331 |
| Advertising and promotion | $38,863 |
| Office expenses | $98,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $272,454 |
| Travel | $13,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,397 |
| Insurance | $61,286 |
| All other expenses | $27,924 |
| Total functional expenses | $3,207,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,287,288 |
| Accounts receivable, net | $18,753 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,485 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,453,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900 |
| Total assets | $20,478,017 |
| Accounts payable and accrued expenses | $148,378 |
| 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 | $1,550,000 |
| Other liabilities | $0 |
| Total liabilities | $1,698,378 |
| Net assets without donor restrictions | $17,184,452 |
| Net assets with donor restrictions | $1,595,187 |
| 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 | $20,478,017 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Center For The Arts has recieved totaling $574,793.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: ARTS | $414,000 |
Community Foundation Of The Gunnison Valley Gunnison, CO PURPOSE: CAPITAL SUPPORT, GEN OP | $43,940 |
The Stanley H And Theodora L Feldberg Foundation Framingham, MA PURPOSE: TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER IRC SECTION 501 (C)(3) | $25,000 |
Anne Lamkin Kinder Foundation Inc Houston, TX PURPOSE: GENERAL SUPPORT | $23,669 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $21,150 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $13,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Vilar Center Arts Foundation Avon, CO | $21,813,325 | $6,525,406 |
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 |
Center For The Arts Crested Butte, CO | $20,478,017 | $2,980,319 |
Fonner Park Exposition And Events Center Inc Grand Island, NE | $3,469,214 | $2,166,552 |
Friends Of Levitt Pavilion Denver Denver, CO | $1,477,528 | $3,241,132 |
Phoenix Performing Arts Center Inc Phoenix, AZ | $1,404,123 | $1,426,991 |
St Lukes Performing Arts Academy Highlands Ranch, CO | $808,627 | $1,082,453 |
Orpheum Performing Arts Centre Ltd Wichita, KS | $3,982,044 | $1,347,692 |
Wyo Theatre Inc Sheridan, WY | $4,306,747 | $947,384 |
Outpost Productions Inc Albuquerque, NM | $1,676,831 | $1,136,124 |