Tara Institute Of The Performing Arts Incorporated
- Assets
- $2.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Boulder, CO
- Founding
- 09/1995
- Data as of
- 07/2021
- EIN
- 84-1274823
Organization Overview
Tara Institute Of The Performing Arts Incorporated is located in Boulder, CO. The organization was established in 1995. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Tara Institute Of The Performing Arts Incorporated employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tara Institute Of The Performing Arts Incorporated 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 07/2021, Tara Institute Of The Performing Arts Incorporated generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.0m during the year ending 07/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE A RIGOROUS ACADEMIC HIGH SCHOOL EDUCATION WITH AN EMPHASIS ON THE PERFORMING ARTS, TRAVEL AND EXPERIENTIAL LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TARA HAS AN AVERAGE TOTAL ENROLLMENT OF 55 STUDENTS IN GRADES NINE THROUGH TWELVE. DURING EACH FULL YEAR OF ENROLLMENT, EACH STUDENT PARTICIPATES IN SEVERAL PERFORMING ARTS PRODUCTIONS, SIGNIFICANT TRAVEL EXPERIENCES, AND A RICH ARRAY OF EXPERIENTIAL ACADEMIC CLASSES. OVER THE COURSE OF THE FULL FOUR-YEAR PROGRAM, STUDENTS WORK WITH EXPERTS IN DANCE, CHORAL SINGING, DRAMA, MUSICAL THEATRE, SET DESIGN AND BUILD, STAGE LIGHTING, AND STAGE SOUND TO CREATE FOUR PLAYS, FOUR MUSICALS, AND EIGHT COMMUNITY FESTIVAL EVENTS. SIMILARLY, DURING THEIR FOUR-YEAR TARA EXPERIENCE, STUDENTS PARTICIPATE IN TWO CULTURAL AND ART (MUSIC AND VISUAL ART) IMMERSION TRIPS TO NYC, ONE SERVICE TRIP TO LEARN AND WORK WITH NATIVE AMERICAN COMMUNITIES, ONE GEOLOGY RAFTING EXCURSION, AND EITHER A MONTH-LONG CULTURAL IMMERSION IN SPECIFIC LOCATIONS IN EUROPE OR A MONTH-LONG ECOLOGICAL LEARNING EXCURSION ALONG THE WEST COAST OF NORTH AMERICA. IN ADDITION, DURING THEIR FOUR YEARS AT TARA, STUDENTS PARTICIPATE IN A NUMBER OF IN-THE-FIELD EXPERIENTIAL OPPORTUNITIES (OR HAVE GUEST PRESENTERS WHO BRING REAL-WORLD EXPERIENCES INTO THE CLASSROOM) AND WEEK-LONG OFF-SITE IMMERSION LEARNING "RETREATS" ASSOCIATED WITH THEIR ACADEMIC CLASSES IN THE SCIENCES, LITERATURE, AND THE HUMANITIES. THESE THREE PROGRAM SERVICES REPRESENT THE BULK OF THE TARA BUDGET, BUT THEY ARE SUPPORTED BY THE EQUALLY PROGRAMMATICALLY SIGNIFICANT HONOR CODE WORK AND FESTIVAL/SEASONAL OBSERVATION AND CELEBRATION THAT TAKE PLACE AT THE SCHOOL.
TARA CONTINUES TO SUCCESSFULLY OPERATE THE NOMAD PLAYHOUSE (PURCHASED IN MARCH 30, 2015). THIS ALLOWS THE SCHOOL TO HAVE A HOME VENUE FOR ITS NUMEROUS PRODUCTIONS, WHICH ARE CENTRAL TO IT'S CURRICULUM. THE NOMAD ALSO RENTS ITS PLAYHOUSE TO LOCAL TROUPES AND TOURING ARTISTS OF VARIOUS GENRES, FILM SCREENINGS, CONCERTS, LECTURES AND OTHER INSPIRING EVENTS IN THE TARA'S NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greer Galloway Admin Manager | Trustee | 40 | $62,083 |
Catherine Barricklow Nomad Mgr. | Trustee | 40 | $62,083 |
Laurel Fisher Art, Director | Trustee | 40 | $61,000 |
Elizabeth Barricklow Director, Co-Fo | Trustee | 40 | $61,000 |
Keir Hyatt Trustee | Trustee | 40 | $46,947 |
Pauline Dickey Bus. Manager | Officer | 40 | $35,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15 |
| Related organizations | $0 |
| Government grants | $89,276 |
| All other contributions, gifts, grants, and similar amounts not included above | $412,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,473 |
| Total Program Service Revenue | $1,487,796 |
| Investment income | $67 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,020,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $237,459 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $427,946 |
| Compensation of current officers, directors, key employees. | $122,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $504,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,832 |
| Payroll taxes | $69,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $5,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $666 |
| Office expenses | $0 |
| Information technology | $24,030 |
| Royalties | $0 |
| Occupancy | $41,957 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,941 |
| Insurance | $18,804 |
| All other expenses | $125,806 |
| Total functional expenses | $2,042,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,859 |
| Savings and temporary cash investments | $397,594 |
| Pledges and grants receivable | $33,714 |
| Accounts receivable, net | $95,743 |
| 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 | $59,850 |
| Net Land, buildings, and equipment | $2,113,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,315 |
| Total assets | $2,762,734 |
| Accounts payable and accrued expenses | $183,221 |
| Grants payable | $0 |
| Deferred revenue | $136,443 |
| 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 | $1,843,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,162,733 |
| Net assets without donor restrictions | $531,814 |
| Net assets with donor restrictions | $68,187 |
| 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 | $2,762,734 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tara Institute Of The Performing Arts Incorporated has recieved totaling $131,968.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $39,593 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,500 |
Waldorf Schools Of North America Pittsburgh, PA PURPOSE: GENERAL OPERATING | $9,450 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,650 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $775 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson Ranch Arts Foundation Snowmass Village, CO | $19,349,000 | $7,444,141 |
Fab Lab Tulsa Inc Tulsa, OK | $905,994 | $2,260,190 |
Foundation For Lincoln Public Schools Lincoln, NE | $17,002,214 | $4,527,343 |
Art Students League Of Denver Denver, CO | $2,150,049 | $2,289,374 |
Tara Institute Of The Performing Arts Incorporated Boulder, CO | $2,762,734 | $2,020,459 |
Kimball Art Center Park City, UT | $7,426,546 | $2,347,977 |
Santa Fe School For The Arts Santa Fe, NM | $4,340,717 | $1,902,890 |
Oklahoma Arts Institute Oklahoma City, OK | $2,532,394 | $1,383,952 |
Ah Haa School For The Arts Telluride, CO | $12,435,871 | $2,343,816 |
Scottsdale Artists School Inc Scottsdale, AZ | $3,858,477 | $2,545,960 |
Act One Phoenix, AZ | $1,556,445 | $1,427,696 |
Friends Of The Denver School Of The Arts Denver, CO | $562,706 | $840,034 |