Southwestern Association For Indian Arts Inc
- Assets
- $785.2k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Santa Fe, NM
- Founding
- 06/1971
- Data as of
- 12/2021
- EIN
- 85-0212504
Organization Overview
Southwestern Association For Indian Arts Inc, operating under the name Swaia, is located in Santa Fe, NM. The organization was established in 1971. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Swaia employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swaia 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, Swaia generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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
BRINGING NATIVE ARTS TO THE WORLD BY INSPIRING ARTISTIC EXCELLENCE, FOSTERING EDUCATION AND CREATING MEANINGFUL PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SANTA FE INDIAN MARKET IS THE LARGEST EXHIBITION OF INDIAN ART IN THE WORLD. THE ANNUAL MARKET PROMOTES INDIAN ART AND CULTURE THROUGH EXHIBITION AND SALES OF ART. OVER 175,000 PEOPLE ATTEND THE EVENT ANNUALLY. INDIAN MARKET HOSTS OVER 1,050 NATIVE ARTISTS FROM 49 STATES AND CANADA, INCLUDING ADULTS AND YOUTH, IN THE TWO-DAY WEEKEND EVENT.
SWAIA FELLOWSHIP AND AWARDS PROGRAMS HELP NATIVE ARTISTS TO REFINE AND PROMOTE EXCELLENCE IN THEIR ART WHILE ALSO PROMOTING NATIVE CULTURAL BELIEFS THAT INFLUENCE THEIR WORK. THE AWARDS PROGRAM GRANTS RIBBONS AND CASH PRIZES IN OVER 100 CATEGORIES OF ART, WITH THE "BEST OF SHOW" PRIZE BEING HIGHLY COVETED AND INSTRUMENTAL IN FORWARDING CAREERS OF RECEIPIENTS. IN 2021, MORE THAN 1100 ARTIST ENTRIES WERE RECEIVED FOR THE COMPETITION FOR ROUGHLY $43,000 IN AWARD MONIES. THE FELLOWSHIP AWARD PROGRAM GIVES SMALL GRANTS TO SEVEN ADULTS AND TWO YOUTH NATIVE ARTISTS WHO HAVE BEEN SELECTED THROUGH AN APPLICATION AND JURY PROCESS. THE FELLOWSHIP AWARD RECIPIENTS ALSO RECEIVE EDUCATIONAL OPPORTUNITIES TO STUDY WITH ESTABLISHED SWAIA ARTISTS, PROMOTION IN SWAIA ADS, MAGAZINE ARTICLES AND PRESS STORIES, AND SPECIAL HONORING CEREMONIES.
WINTER INDIAN MARKET BRINGS 150 OF THE BEST OF THE INDIAN MARKET ARTISTS TO SANTA FE FOR A HOLIDAY WEEKEND EVENT JUST BEFORE THE CHRISTMAS HOLIDAY. SPECIAL PUBLIC EDUCATIONAL PROGRAMS AND ENTERTAINMENT ARE GEARED TOWARD EXPANDING KNOWLEDGE AND EXPOSURE TO NATIVE ARTS AND CULTURE. IN 2021, OVER 2,400 PEOPLE ATTENDED THE TWO-DAY EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Peone Executive Director | Officer | 40 | $120,000 |
Joann Kay Chase Director | Trustee | 2 | $0 |
Russell Sanchez Director | Trustee | 2 | $0 |
Bill Lomax Director | Trustee | 2 | $0 |
Andrea Hanley Director | Trustee | 2 | $0 |
Angelique Albert Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,015 |
| Fundraising events | $172,650 |
| Related organizations | $0 |
| Government grants | $155,562 |
| All other contributions, gifts, grants, and similar amounts not included above | $446,861 |
| Noncash contributions included in lines 1a–1f | $45,373 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $913,088 |
| Total Program Service Revenue | $333,550 |
| Investment income | $53,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $460,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $42,671 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,802,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $46,351 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $22,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,796 |
| Payroll taxes | $51,195 |
| 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 | $400,203 |
| Advertising and promotion | $154,747 |
| Office expenses | $51,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,473 |
| Insurance | $7,648 |
| All other expenses | $0 |
| Total functional expenses | $1,521,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $370,150 |
| 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 | $1,707 |
| Net Land, buildings, and equipment | $44,986 |
| Investments—publicly traded securities | $368,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $785,210 |
| Accounts payable and accrued expenses | $132,397 |
| 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 | $8,803 |
| Total liabilities | $141,200 |
| Net assets without donor restrictions | $446,275 |
| Net assets with donor restrictions | $197,735 |
| 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 | $785,210 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwestern Association For Indian Arts Inc has recieved totaling $7,714.
| Awarding Organization | Amount |
|---|---|
La Liga Santa Fe, NM PURPOSE: AIRBNB-JAMIE SCHULZE | $7,714 |
Endowment Analysis
| Beg. Balance | $173,825 |
| Net Contributions | $194,540 |
| Ending Balance | $368,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oktoberfest Inc Tulsa, OK | $2,688,468 | $7,024,472 |
Colorado Education Initiative Denver, CO | $5,028,811 | $3,690,284 |
Asia Society Texas Center Houton, TX | $65,582,414 | $8,284,485 |
Archaeology Southwest Tucson, AZ | $12,685,440 | $3,597,421 |
Mexican American Catholic College San Antonio, TX | $4,811,133 | $2,305,769 |
National Little Britches Rodeo Colorado Springs, CO | $2,643,862 | $2,636,797 |
Latino Community Foundation Of Colorado Inc Denver, CO | $7,867,698 | $2,394,861 |
Hua Xia Chinese School Inc Houston, TX | $8,045,926 | $2,930,667 |
Flower Hill Institute Jemez Pueblo, NM | $823,224 | $2,237,551 |
Project Row Houses Houston, TX | $10,675,760 | $9,147,034 |
Southwestern Association For Indian Arts Inc Santa Fe, NM | $785,210 | $1,802,877 |
American Indians In Texas-At The Spanish Colonial Missions San Antonio, TX | $773,788 | $1,628,585 |