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 8 years, revenues have fallen by an average of (1.2%) 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. BECAUSE MANY OF OUR OLDER PATRONS REMAINED UNCOMFORTABLE WITH LARGE GROUPS INDOORS, LIVESTREAMING OF THE CONCERTS WAS CONTINUED, WITH LINKS TO THE LIVESTREAM SENT TO SEASON TICKET HOLDERS AND THOSE WHO SPECIFICALLY PURCHASED LIVESTREAM TICKETS. VIDEOS WERE AVAILABLE 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 TO AREA SCHOOLS HAS PROVED PROBLEMATIC DUE TO SCHOOL ADMINISTRATION AS WELL AS TEACHERS SUFFERING OVERLOAD. THIS SEASON WE PARTNERED WITH THE PLACITAS COMMUNITY LIBRARY TO OFFER SEVERAL PROGRAMS FOR CHILDREN. 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 |
|---|---|---|---|
Alan Firestone Board Member, Musical Programming Chair | OfficerTrustee | 3 | $0 |
Deborah Hanna Board Member | Trustee | 2 | $0 |
Pepi Strahl Outreach Chair | Trustee | 2 | $0 |
Deborah Gullo Board Member, Information Technology Chair | OfficerTrustee | 10 | $0 |
Lee Small Board Member, Visual Arts Chair | Trustee | 4 | $0 |
Ronald Richman Endowment Fund Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,429 |
| 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 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 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 | $0 |
| 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 |
| 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 |
| Total liabilities and net assets/fund balances | $123,615 |