Colorado Springs Fine Arts Center
- Assets
- $19.7m
- Revenue
- $346.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 04/1938
- Data as of
- 08/2018
- EIN
- 84-0406947
Organization Overview
Colorado Springs Fine Arts Center is located in Colorado Springs, CO. The organization was established in 1938. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. Colorado Springs Fine Arts Center 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 08/2018, Colorado Springs Fine Arts Center generated $346.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (51.9%) each year. All expenses for the organization totaled $255.9k during the year ending 08/2018. As we would expect to see with falling revenues, expenses have declined by (55.6%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
ELEVATING THE INDIVIDUAL SPIRIT AND INSPIRING COMMUNITY VITALITY THROUGH THE PERFORMING AND VISUAL ARTS AND ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1936 BY VISIONARY ALICE BEMIS TAYLOR, THE TAYLOR MUSEUM OF THE COLORADO SPRINGS FINE ARTS CENTER IS COMMITTED TO EDUCATING THE PUBLIC ABOUT THE BREADTH OF ARTISTIC EXPRESSIONS IN THE AMERICAS THROUGH THE PRESENTATION OF A WORLD RENOWNED PERMANENT COLLECTION, DYNAMIC EXHIBITIONS FROM AROUND THE WORLD, AND RELATED CULTURAL AND INNOVATIVE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Thayer Tutt Jr President | OfficerTrustee | 1 | $0 |
Marvin Strait Treasurer | OfficerTrustee | 1 | $0 |
Ron Brasch Secretary | OfficerTrustee | 1 | $0 |
David Kunstle Vice Chair | OfficerTrustee | 1 | $0 |
Connie M Rickard Assistant Secretary | Officer | 1 | $0 |
Kathy Loo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$111,415 |
| 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 | $346,440 |
| Statement of Expenses | |
|---|---|
| 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 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 | $255,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,264 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,665,130 |
| 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 | $19,665,130 |
| 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 |
| Total liabilities and net assets/fund balances | $19,665,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Springs Fine Arts Center has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Kirkpatrick Family Affiliated Fund Ok City Community Foundation Inc Oklahoma City, OK PURPOSE: ARTS & HUMANITIES | $25,000 |
Endowment Analysis
| Beg. Balance | $572,476 |
| Earnings | $38 |
| Other Expense | $468,985 |
| Ending Balance | $103,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Arvada Center For The Arts And Humanities Arvada, CO | $4,050,578 | $14,173,425 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
Mijente Support Committee Phoenix, AZ | $11,714,923 | $5,386,402 |
Mizel Center For Arts And Culture Denver, CO | $1,231,289 | $3,287,968 |
Lawrence Arts Center Inc Lawrence, KS | $4,356,263 | $3,080,758 |
Breckenridge Creative Arts Breckenridge, CO | $2,416,753 | $3,508,124 |
Seriesfest Denver, CO | $743,501 | $1,745,266 |
Sangre De Cristo Arts & Conference Center Inc Pueblo, CO | $10,967,015 | $4,351,020 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Mark Arts Inc Wichita, KS | $23,539,430 | $2,389,288 |