Spot Sun Valley Inc
- Assets
- $209.5k
- Revenue
- $321.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Ketchum, ID
- Founding
- 10/2016
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Spot Sun Valley Inc generated $321.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $393.2k during the year ending 12/2022. While expenses have increased by 16.9% 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
2022
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
THE SPOT WAS ABLE TO PRODUCE A FULL SEASON OF PRODUCTIONS IN 2022 FOR THE FIRST TIME SINCE THE PANDEMIC SHUTDOWN. FEATURING PRODUCTIONS OF SWEENEY TODD, THE SOUND INSIDE AND PASS OVER IN THE MAIN STAGE SEASON AND THE DROWSY CHAPERONE FOR ITS TUITION-FREE YOUNG COMPANY PROGRAM (WHICH SERVED 16 HIGH SCHOOLERS THIS YEAR), THE SPOT STAGE WAS ALIVE WITH LIVE THEATER. IN TOTAL, NEARLY 2,000 AUDIENCE MEMBERS FILLED THE SEATS. WITH PASS OVER, THE SPOT EXTENDED ITS REACH BY PRODUCING THE PLAY AT THE ARGYROS, A LARGE PERFORMING ARTS CENTER IN KETCHUM, IDAHO, WHICH ALLOWED FOR EXPANDED AUDIENCES AND NURTURED LARGER CONVERSATIONS FOR THE SPOT TALK-BACK PROGRAM AFTER SELECTED PERFORMANCES. AS A NEWLY-MINTED SPT (SMALL PROFESSIONAL THEATER) BY ACTORS' EQUITY ASSOCIATION, THE SPOT OFFERED A RECORD EIGHT UNION CONTRACTS TO THEATER PROFESSIONALS AND MATCHED THE RATE FOR OVER A DOZEN NON-UNION ARTISTS, CREW AND MUSICIANS. FINANCIALLY, THE SPOT INVESTED HEAVILY IN ITS WORK IN 2022 TO RECAPTURE THE MOMENTUM THAT WAS SUSPENDED DURING THE PANDEMIC. DESPITE THE HIGH COST OF SHOW AND CONTRACTOR EXPENSES, THE ORGANIZATION EXPANDED ITS PAYROLL AND KEPT ITS STAFF EMPLOYED. THE SPOT ALSO UTILIZED THE EMPLOYEE RETENTION CREDIT OFFERED BY THE IRS FOR KEEPING ITS STAFF FULLY PAID DURING THE SHUTDOWN AND EXPECTS TO RECEIVE THE REFUND CHECKS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Flynt Development | OfficerTrustee | 2 | $0 |
Sara Gorby Secretary | OfficerTrustee | 1 | $0 |
Michael Kelly Technology C | OfficerTrustee | 1 | $0 |
Mary Mott Emeritus | Trustee | 0 | $0 |
Maureen Ott Governance C | OfficerTrustee | 1 | $0 |
Susan Parslow Governance C | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,686 |
| Total Program Service Revenue | $52,276 |
| Investment income | $1,587 |
| 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 | $321,549 |
| 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 | $149,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,962 |
| Advertising and promotion | $247 |
| Office expenses | $9,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,549 |
| Travel | $3,522 |
| 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 | $2,580 |
| Insurance | $5,422 |
| All other expenses | $322 |
| Total functional expenses | $393,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,765 |
| 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 | $10,323 |
| Investments—publicly traded securities | $101,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,407 |
| Total assets | $209,506 |
| 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 | $149,794 |
| Total liabilities | $149,794 |
| Net assets without donor restrictions | $59,712 |
| 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 | $209,506 |