Sitka Fine Arts Endowment
- Assets
- $1.1m
- Revenue
- $30.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sitka, AK
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2623463
Organization Overview
Sitka Fine Arts Endowment is located in Sitka, AK. The organization was established in 2019. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sitka Fine Arts Endowment 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, Sitka Fine Arts Endowment generated $30.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $46.5k during the year ending 12/2021. 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
TO BUILD AND MANAGE AN ENDOWMENT FOR ALASKA ARTS SOUTHEAST, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSEE THE MANAGEMENT OF AN INVESTMENT PORTFOLIO TO GENERATE INCOME TO ASSIST THE OPERATIONS OF ALASKA ARTS SOUTHEAST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Allen President | OfficerTrustee | $0 | |
Sam Skaggs Vice-Preside | OfficerTrustee | $0 | |
Scott Davis Co-Treasurer | OfficerTrustee | $0 | |
Stan Barge Co-Treasurer | OfficerTrustee | $0 | |
Roger Schmidt Secretary | OfficerTrustee | $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 | $11,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,200 |
| Total Program Service Revenue | $0 |
| Investment income | $17,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,027 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,211 |
| Savings and temporary cash investments | $117,239 |
| 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 | $0 |
| Investments—publicly traded securities | $1,017,637 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,137,087 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,137,087 |
| 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 | $1,137,087 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sitka Fine Arts Endowment has recieved totaling $126,434.
| Awarding Organization | Amount |
|---|---|
Skaggs Foundation Sitka, AK PURPOSE: SUPPORT FOR AASE | $63,217 |
Skaggs Foundation Sitka, AK PURPOSE: SUPPORT FOR AASE | $63,217 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Henry Gallery Association Inc Seattle, WA | $28,956,119 | $4,211,330 |
Wing Luke Memorial Foundation Seattle, WA | $11,076,869 | $11,490,156 |
Anchorage Museum Foundation Anchorage, AK | $43,139,923 | $4,285,923 |
Jack And Shirley Mcintyre Foundation Camano Island, WA | $7,434,116 | $1,587,086 |
Numerica Performing Arts Center Wenatchee, WA | $4,487,181 | $1,049,987 |
Lincoln Theatre Center Foundation Mount Vernon, WA | $898,508 | $1,072,552 |
Swedish Club Foundation Seattle, WA | $5,030,942 | $1,500,108 |
Mohai Foundation Seattle, WA | $15,427,773 | $334,589 |
Seattle Repertory Theatre Foundation Seattle, WA | $13,549,090 | $434,106 |
Elc Development Seattle, WA | $9,802,223 | $0 |
Spokane Symphony Associates Spokane, WA | $115,090 | $377,885 |
Tc-Ugm Restoring Hope Pasco, WA | $9,232,209 | $91,750 |