Cache Valley Center For The Arts
- Assets
- $6.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 59
- Location
- Logan, UT
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 74-2550700
Organization Overview
Cache Valley Center For The Arts, operating under the name Cache Arts, is located in Logan, UT. The organization was established in 1989. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Cache Arts employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cache 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 06/2022, Cache Arts generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 4.5% 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
THE MISSION OF THE CACHE VALLEY CENTER FOR THE ARTS IS TO BRING CULTURAL ENRICHMENT TO THE PEOPLE OF THE EXTENDED CACHE VALLEY COMMUNITY BY PRESENTING, EXHIBITING, TEACHING AND FOSTERING QUALITY FINE ARTS EXPERIENCES AND FACILITATING OTHER APPROPRIATE USES OF THE ELLE ECCLES THEATRE, THATCHER-YOUNG MANSION, AND BULLEN CENTER, THAT WILL ENCOURAGE WIDESPREAD COMMUNITY ACCESS, TOURISM, AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY22 18 ORGANIZATIONS PRESENTED 81 PERFORMANCES IN THE ELLEN ECCLES THEATRE TO 47,251 PATRONS AND 4 STUDENT MATINEES FOR 2,726 STUDENTS. THESE EVENTS INCLUDED NATIONALLY TOURING ARTISTS PRESENTED BY CACHEARTS, OUT OF AREA ARTISTS THAT RENTED THE THEATRE AND LOCALLY PRODUCED RESIDENT COMPANY PERFORMANCES. NOTABLY ABSENT WAS LONG-TIME RESIDENT COMPANY UTAH FESTIVAL OPERA AND MUSICAL THEATRE. VOLUNTEER USHERS DONATED 3,708 HOURS FOR THESE EVENTS.IN FY23 THERE WERE 1,226 ENROLLMENTS IN 102 ARTS EDUCATION COURSES AND COMMUNITY USER EVENTS AT THE CENTER FOR THE ARTS. THESE COURSES INCLUDED CREATIVE DRAMA, CERAMICS, DANCE, MUSIC, VISUAL ARTS, PAINTING, GUITAR, PIANO, AND PHOTOGRAPHY. SOME CLASSES ARE ORGANIZED BY CACHEARTS, SOME ARE FISCALLY SPONSORED, AND OTHERS ARE INDEPENDENT RENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendi Hassan Executive Dir. | Officer | 40 | $108,992 |
Teresa Theurer Chair | OfficerTrustee | 2 | $0 |
Shawn Bailey Chair-Elect | OfficerTrustee | 2 | $0 |
Paul Campbell Treasurer | OfficerTrustee | 2 | $0 |
Kris Beckstead Board Member | Trustee | 2 | $0 |
Ernesto Lopez Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $605,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $650,697 |
| Noncash contributions included in lines 1a–1f | $24,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,256,082 |
| Total Program Service Revenue | $663,366 |
| Investment income | -$135,872 |
| 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 | $30,422 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,813,998 |
| 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. | $108,992 |
| Compensation of current officers, directors, key employees. | $28,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,251 |
| Payroll taxes | $35,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $83,636 |
| Office expenses | $7,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,694 |
| Travel | $3,990 |
| 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 | $191,341 |
| Insurance | $7,732 |
| All other expenses | $49,988 |
| Total functional expenses | $1,519,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,452,047 |
| Savings and temporary cash investments | $204,687 |
| Pledges and grants receivable | $136,687 |
| Accounts receivable, net | $5,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,397 |
| Prepaid expenses and deferred charges | $1,884 |
| Net Land, buildings, and equipment | $3,051,755 |
| Investments—publicly traded securities | $2,002,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,857,543 |
| Accounts payable and accrued expenses | $3,323 |
| Grants payable | $0 |
| Deferred revenue | $32,769 |
| 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 | $36,092 |
| Net assets without donor restrictions | $5,177,103 |
| Net assets with donor restrictions | $1,644,348 |
| 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 | $6,857,543 |