Sheridan Arts Foundation
- Assets
- $2.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Telluride, CO
- Founding
- 01/1992
- Data as of
- 09/2023
- EIN
- 84-1166423
Organization Overview
Sheridan Arts Foundation is located in Telluride, CO. The organization was established in 1992. 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 09/2023, Sheridan Arts Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheridan Arts Foundation 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 09/2023, Sheridan Arts Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SHERIDAN ARTS FOUNDATION WAS FOUNDED IN 1991 AS A 501(C)(3) NON-PROFIT ORGANIZATION TO: RESTORE AND PRESERVE THE HISTORIC SHERIDAN OPERA HOUSE AS AN ARTS AND CULTURAL RESOURCE FOR THE TELLURIDE COMMUNITY; BRING QUALITY ARTS AND CULTURAL EVENTS TO TELLURIDE; PROVIDE LOCAL AND NATIONAL YOUTH WITH ACCESS AND EXPOSURE TO THE ARTS THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE PERFORMING ARTS AND SHERIDAN OPERA HOUSE OPERATIONS. OVER 10,000 PEOPLE TOOK ADVANTAGE OF THE EVENTS AND SHOWS OFFERED AT THE OPERA HOUSE. 110 N OAK LLC BAR OPERATIONS HAD 18 RENTAL EVENTS IN ADDITION TO REGULAR FOUNDATION PROGRAM EVENTS.
YOUNG PEOPLE'S THEATER IS A DIVERSE AND FLOURISHING CENTER FOR YOUNG THESPIANS THAT HAS AN ENROLLMENT OF OVER 200 CHILDREN BETWEEN AGES 2 AND 18 EACH YEAR. THE PROGRAM FEES ARE BASED ON FINANCIAL ABILITY. SEVERAL CLASSES ARE HELD THROUGHOUT THE YEAR. 4 FULL LENGTH MUSICALS WERE PRESENTED OVER 11 SHOWS AT THE OPERA HOUSE. 2,900 PEOPLE ATTENDED THE SHOWS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Swank Director | Trustee | 1 | $0 |
Grace Engbring Director | Trustee | 1 | $0 |
Mark Dalton Chairman | OfficerTrustee | 2 | $0 |
James Gallagher Vice President | OfficerTrustee | 1 | $0 |
James I Black III Secretary | OfficerTrustee | 1 | $0 |
Jason Soules Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $341,978 |
| Noncash contributions included in lines 1a–1f | $69,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,148 |
| Total Program Service Revenue | $786,809 |
| Investment income | $5,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $345,785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,530,778 |
| 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. | $245,867 |
| Compensation of current officers, directors, key employees. | $52,887 |
| Compensation to disqualified persons | $333,562 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,238 |
| Payroll taxes | $49,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $490,695 |
| Advertising and promotion | $39,429 |
| Office expenses | $83,296 |
| Information technology | $1,140 |
| Royalties | $0 |
| Occupancy | $69,261 |
| Travel | $3,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,186 |
| Interest | $23,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,471 |
| Insurance | $34,047 |
| All other expenses | $165 |
| Total functional expenses | $1,617,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,701 |
| Savings and temporary cash investments | $172,739 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,243 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,775 |
| Prepaid expenses and deferred charges | $2,714 |
| Net Land, buildings, and equipment | $1,628,926 |
| Investments—publicly traded securities | $1,015,771 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,927,869 |
| Accounts payable and accrued expenses | $18,641 |
| Grants payable | $0 |
| Deferred revenue | $43,684 |
| 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 | $596,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $658,983 |
| Net assets without donor restrictions | $2,261,886 |
| Net assets with donor restrictions | $7,000 |
| 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 | $2,927,869 |