Placitas Artist Series Inc
- Assets
- $143.1k
- Revenue
- $107.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Placitas, NM
- Founding
- 07/1989
- Data as of
- 06/2022
- EIN
- 85-0370944
Organization Overview
Placitas Artist Series Inc, operating under the name Placitas Artists Series Inc, is located in Placitas, NM. The organization was established in 1989. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Placitas Artists Series Inc 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 06/2022, Placitas Artists Series Inc generated $107.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $229.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PLACITAS ARTISTS SERIES IS TO PROMOTE AND ENCOURAGE PUBLIC INTEREST IN AND SUPPORT OF THE PERFORMING AND VISUAL ARTS IN SOUTHERN SANDOVAL COUNTY, NM BY PROVIDING HIGH QUALITY PERFORMANCES AND EXHIBITS IN A STIMULATING ENVIRONMENT; AND TO PROVIDE OUTREACH PROGRAMS TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAS PRESENTED 9 CHAMBER/SMALL ENSEMBLE MUSICAL PROGRAMS IN THE VILLAGE OF PLACITAS, NM. ALL CONCERTS WERE PRESENTED TO A LIVE AUDIENCE, IN COMPLIANCE WITH COVID-19 SAFETY REQUIREMENTS IN PLACE AT THE TIME OF THE CONCERTS. SEVEN OF THE PROGRAMS WERE ADDITIONALLY LIVE-STREAMED FOR VIEWING BY PERSONS RELUCTANT TO PARTICIPATE IN GROUP ACTIVITIES. THE VIDEOS WERE AVAILABLE TO ALL TICKET HOLDERS FOR THE WEEK FOLLOWING THE CONCERT.
PAS PRESENTED 9 JURIED VISUAL ARTS EXHIBITIONS IN CONJUNCTION WITH THE MUSICAL PROGRAMS. ALL WORKS OF ART WERE FOR SALE, AND A PERCENTAGE OF THE PROCEEDS BENEFITTED THE VENUE AND PLACITAS ARTISTS SERIES, WITH THE BULK PAID TO THE ARTISTS. WALL ART REMAINED ON DISPLAY THROUGHOUT THE MONTH. ART HANGING EXPENSES WERE THE VALUE OF VOLUNTEER DONATIONS
COMMUNITY OUTREACH WAS LIMITED THIS YEAR BECAUSE SCHOOLS WERE STILL NOT OPERATING NORMALLY. STUDENTS WERE OFFERED FREE ACCESS TO THOSE CONCERTS THAT WERE LIVE-STREAMED. K-12 STUDENTS ACCOMPANIED BY A PAYING ADULT ARE ALWAYS ADMITTED TO CONCERTS FREE OF CHARGE, AND FREE TICKETS ARE OFFERED FOR EVERY CONCERT THROUGH THE COUNTY SENIOR AFFAIRS OFFICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Ericksen Treasurer, Board Member, Tax Preparer, Budget & Finance, Ticket Sales | Officer | 8 | $0 |
Allen Bourne Board Member, President, Marketing Chair | Officer | 5 | $0 |
Roger Blatz Secretary | Officer | 4 | $0 |
Wendy Wilkins Board Member, Vice President, Fundraising Chair | Officer | 4 | $0 |
Alan Firestone Board Member, Musical Programming Chair | Trustee | 5 | $0 |
Deborah Hanna Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,691 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,429 |
| Total Program Service Revenue | $34,101 |
| Investment income | -$3,827 |
| 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 | $107,877 |
| 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. | $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 | $1,702 |
| 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 | $35,011 |
| Advertising and promotion | $16,501 |
| Office expenses | $6,375 |
| Information technology | $3,981 |
| Royalties | $0 |
| Occupancy | $11,287 |
| Travel | $505 |
| 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 | $220 |
| Insurance | $1,317 |
| All other expenses | $252 |
| Total functional expenses | $229,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,129 |
| Savings and temporary cash investments | $66,146 |
| 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 | -$85 |
| Net Land, buildings, and equipment | $880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,070 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $19,455 |
| 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 | $19,455 |
| Net assets without donor restrictions | $84,945 |
| Net assets with donor restrictions | $38,670 |
| 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 | $143,070 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Placitas Artist Series Inc has recieved totaling $2,505.
| Awarding Organization | Amount |
|---|---|
Firestone Family Foundation Inc Miami, FL PURPOSE: PERFORMING ARTS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $161,102 |
| Earnings | -$3,827 |
| Admin Expense | $118,962 |
| Net Contributions | $6,130 |
| Ending Balance | $44,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tessitura Network Inc Dallas, TX | $21,809,645 | $43,977,511 |
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Woodlands Center For The Performing Arts The Woodlands, TX | $66,155,005 | $4,869,262 |
The Foundation For Jones Hall Houston, TX | $12,945,210 | $11,215,659 |
National Western Art Foundation San Antonio, TX | $33,318,907 | $5,418,283 |
Society For The Performing Arts Houston, TX | $2,735,277 | $4,022,539 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Dsm Management Group Inc Dallas, TX | $3,614,375 | $1,386,226 |
1894 Inc Galveston, TX | $14,356,181 | $3,638,315 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |