Tara Institute Of The Performing Arts Incorporated
- Assets
- $2.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Boulder, CO
- Founding
- 09/1995
- Data as of
- 07/2023
- 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 07/2023, Tara Institute Of The Performing Arts Incorporated employed 25 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 07/2023, Tara Institute Of The Performing Arts Incorporated generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.2m during the year ending 07/2023. While expenses have increased by 3.8% 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 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 CONTINUES TO SUCCESSFULLY OPERATE THE NOMAD PLAYOUSE (PURCHASED MARCH 20, 2015). THIS ALLOWS THE SCHOOL TO HAVE A HOME VENUE FOR ITS NUMEROUS PRODUCTIONS, WHICH ARE CENTRAL TO ITS CURRICULUM, THE NOMAD ALSO RENTS ITS PLAYHOUSE TO LOCAL TROUPES AND TOURING ARTISTS OF VARIOUS GENRES, FILM SCREENINGS, CONCERTS, LECTURES, AND OTHER INSPIRING EVENTS THAT ALIGN WITH TARA'S MISSION.
TARA HAS AN AVERAGE TOTAL ENROLLMENT OF 42 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 ACADEMIC CLASSES. OVER THE COURSE OF HTE FULL FOUR-YEAR PROGRAM, STUDENTS WORK WITH EXPERTS IN DANCE, CHORAL SINGING, DRAMA, MUSICAL THEATRE, SET DESIGN, 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 IMMERSION TRIPS TO NYC, ONE SERVICE TRIP OT LEARN AND WORK WITH NATIVE AMERICAN COMMUNITIES, ONE GEOLOGY RAFTING EXCURSION, AND A MONTH LONG CULTURAL IMMERSION IN SPECIFIC REGIONS IN EUROPE. IN ADDITION, DURING THEIR FOUR YEARS AT TARA, STUDENTS PARTICIPATE IN A NUMBER OF IN-THE-FIELD EXPERIENTIAL OPPORTUNITIES AND WEEK-LONG OFF SITE IMMERSION LEARNING "RETREATS" ASSOCIATED WITH THEIR ACADEMIC CLASSES. THESE PROGRAM SERVICES REPRESENT THE BULK OF THE TARA BUDGET, BUT THEY ARE SUPPORTED BY THE EQUALLY SIGNIFICANT PROGRAMMATIC HONOR CODE WORK AND FESTIVAL/SEASONAL OBSERVATION AND CELEBRATION THAT TAKES PLACE AT THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keir Hyatt Trustee, Leadership Council | OfficerTrustee | 40 | $60,618 |
Greer Galloway Administrative Manager | OfficerTrustee | 40 | $60,788 |
Elizabeth Barricklow Director, Co-Founder | Trustee | 40 | $76,338 |
Catherine Barricklow (1) Catherine Barricklow | OfficerTrustee | 40 | $61,509 |
Ryan Schutz Business Manager | Officer | 30 | $50,513 |
Elizabeth Emmitt-Mattox Trustee, Development Coordinator | OfficerTrustee | 20 | $20,403 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $272,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $910,934 |
| Total Program Service Revenue | $1,106,535 |
| Investment income | $24 |
| 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 | $2,027,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $418,671 |
| 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. | $330,169 |
| Compensation of current officers, directors, key employees. | $81,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $112,102 |
| Payroll taxes | $60,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,513 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,456 |
| Office expenses | $0 |
| Information technology | $17,181 |
| Royalties | $0 |
| Occupancy | $82,749 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,850 |
| Insurance | $28,362 |
| All other expenses | $28,320 |
| Total functional expenses | $2,234,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,915 |
| Savings and temporary cash investments | $54,537 |
| Pledges and grants receivable | $131,000 |
| Accounts receivable, net | $32,154 |
| 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 | $42,122 |
| Net Land, buildings, and equipment | $2,112,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,101 |
| Total assets | $2,472,165 |
| Accounts payable and accrued expenses | $151,548 |
| Grants payable | $0 |
| Deferred revenue | $91,377 |
| 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 | $1,869,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,112,336 |
| Net assets without donor restrictions | $359,829 |
| 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 | $2,472,165 |