Spot Sun Valley Inc
- Assets
- $234.9k
- Revenue
- $440.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Ketchum, ID
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-2964740
Organization Overview
Spot Sun Valley Inc is located in Ketchum, ID. The organization was established in 2016. 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 12/2021, Spot Sun Valley Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spot Sun Valley 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, Spot Sun Valley Inc generated $440.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $287.2k during the year ending 12/2021. While expenses have increased by 13.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE AN EDUCATIONAL VENUE FOR YOUNG ARTISTS TO COLLABORATE WITH PROFESSIONAL MENTORS AND PRODUCE EXHILARATING WORKS, CONTEMPORARY AND CLASSICAL, IN AN EFFORT TO MAKE THEATRE ACCESSIBLE TO THE LARGER COMMUNITY & EXPLORE OUR COLLECTIVE HUMANITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE SPOT RE-OPENED WITH AN OUTREACH FOCUSED ON LATINX AND HISPANIC ARTWORK, IN PARTNERSHIP WITH THE LOCAL COMMUNITY AND LA BASED ARTIST JOHN ZENDER ESTRADA, WHERE OVER 100 MEMBERS OF THE PUBLIC COULD ENTER THE SPOT FOR THE FIRST TIME SINCE JANUARY 2020 AND VIEW A FREE EXHIBITION, INCLUDING AN ORIGINAL PIECE PAINTED ON ONE OF THE SPOT'S WALLS. FOLLOWING THE RE-OPENING, THE SPOT PRODUCED ITS FIRST FULL-LENGTH PRODUCTION IN OVER A YEAR WITH THE DIGITAL PERFORMANCE OF THE LIFESPAN OF A FACT BY BY JEREMY KAREKEN & DAVID MURRELL AND GORDON FARRELL, WHICH WAS VIEWED ALL OVER THE UNITED STATES AND EUROPE. IN THE SUMMER OF 2021, THE SPOT WAS ONE OF THE FIRST UNION THEATERS IN THE COUNTRY TO RE-OPEN ITS DOORS TO LIVE AUDIENCES FOR HEROES OF THE FOURTH TURNING BY WILL ARBERY, WHICH WAS SEEN BY OVER 300 MEMBERS OF THE COMMUNITY. IN THE WINTER OF 2021, THE SPOT PRODUCED ONCE: THE MUSICAL WITH 20 YOUTH FOR OVER 300 MEMBERS OF THE COMMUNITY. IT WAS THE FIRST LIVE YOUNG COMPANY PRODUCTION SINCE 2019. FINANCIALLY, THE SPOT WAS AIDED BY PAYCHECK PROTECTION PROGRAM, AS WELL AS DOZENS OF INDIVIDUAL DONORS FOR ITS GENERAL FUND. THE SPOT ALSO RECEIVED MAJOR GIFTS TO START AN ENDOWMENT FUND AND A NEW RESTRICTED FUND TO BE USED FOR AN INCREASE IN PAYROLL TO PROVIDE COMPENSATION FOR A PART-TIME ADMINISTRATOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Gorby Secretary | OfficerTrustee | 1 | $0 |
Bradley Geist Treasurer | OfficerTrustee | 1 | $0 |
Mike Wade President | OfficerTrustee | 4 | $0 |
Susan Flynt Trustee/dire | Trustee | 2 | $0 |
Michael Kelly Trustee/dire | Trustee | 1 | $0 |
Maureen Ott Trustee/dire | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,776 |
| Total Program Service Revenue | $20,071 |
| 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 | $440,847 |
| 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 | $0 |
| Other salaries and wages | $144,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,650 |
| Advertising and promotion | $3,259 |
| Office expenses | $10,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,954 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,434 |
| Insurance | $5,122 |
| All other expenses | $260 |
| Total functional expenses | $287,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,077 |
| Savings and temporary cash investments | $0 |
| 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 | $12,903 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,886 |
| Total assets | $234,866 |
| 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 | $103,454 |
| Total liabilities | $103,454 |
| Net assets without donor restrictions | $131,412 |
| 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 | $234,866 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Spot Sun Valley Inc has recieved totaling $35,942.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $15,000 |
Root Family Foundation Ormond Beach, FL PURPOSE: OPERATIONAL | $15,000 |
Springcreek Foundation Berkeley, CA PURPOSE: GENERAL SUPPORT | $5,000 |
Springcreek Foundation Berkeley, CA PURPOSE: GENERAL SUPPORT | $942 |
Endowment Analysis
| Net Contributions | $100,000 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Smith Center For The Performing Arts Las Vegas, NV | $427,449,516 | $12,755,870 |
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Craterian Performances Company Medford, OR | $5,606,742 | $1,921,347 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |