Santa Fe Art Institute
- Assets
- $3.9m
- Revenue
- $560.1k
- Investments
- $1.9m
- Employees
- 8
- Location
- Santa Fe, NM
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 85-0404277
Organization Overview
Santa Fe Art Institute is located in Santa Fe, NM. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Santa Fe Art Institute employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Fe Art Institute 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 12/2022, Santa Fe Art Institute generated $560.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $831.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. 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
FORGING CRITICAL INQUIRY AND CREATIVE EXCHANGE AMONG ARTISTS TO INSPIRE INDIVIDUAL TRANSFORMATION AND INFORM COLLECTIVE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAMS - BRINGING TOGETHER LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS WITH ACTIVISTS, CULTURE BEARERS, CONTENT EXPERTS, AND INSTITUTIONS IN THE BROADER COMMUNITY THROUGH INTERACTIVE WORKSHOPS, PERFORMANCES, CONVERSATIONS, AND EXHIBITIONS. GENERAL PROGRAMS SERVES LOCAL ARTISTS, ARTISTS FROM AROUND THE WORLD, AND THE NORTHERN NEW MEXICO COMMUNITY. WHILE THERE WERE N IN-PERSON PROGRAMS IN 2021, VIRTUAL PROGRAMS SERVED OVER 4,000 THROUGH DOWNLOADS OF THE TILT PODCAST.
RESIDENCY PROGRAMS - SFAI SUPPORTS RESEARCH, ARTWORKS, AND CREATIVE ACTIONS THAT USE ARTISTIC IMAGINATION THROUGH OUR FREE, ANNUAL THEMATIC RESIDENCY PROGRAM, WHICH IS OPEN TO ARTISTS AND CREATIVE PRACTITIONERS OF ALL DISCIPLINES. DUE TO THE PANDEMIC, SFAI RESCHEDULED MANY 2020 LABOR RESIDENTS AND RE-OPENED STARTING IN MARCH 2021 WITH SIGNIFICANT COVID-SAFETY PROTOCOLS IN PLACE. SFAI HOSTED 29 RESIDENTS IN 2021, INCLUDING 23 LABOR RESIDENTS, 4 RESIDENCY FELLOWSHIPS THROUGH PARTNERSHIPS WITH NATIONAL AND INTERNATIONAL INSTITUTIONS, AND 2 STORY MAPS FELLOWS, WHO ARE LOCAL INDIGENOUS, BLACK, AND ARTISTS OF COLOR THAT WORK WITH NON-ARTS AGENCIES AND GOVERNMENTAL DEPARTMENTS TO ADDRESS SYSTEMIC INEQUITIES.
COMMUNITY ENGAGEMENT, OUTREACH, AND EDUCATION - SHOWCASING THE WORK OF SOCIALLY-ENGAGED LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS, SFAI COMMUNITY ENGAGEMENT DEMONSTRATES THE POWER OF ART TO SHAPE SOCIETY. THIS INCLUDES ONLINE OUTREACH AND EDUCATION FOR ALL AGES, INCLUDING PODCASTS, AND NEWSLETTERS; PARTNERSHIPS WITH LOCAL ADVOCACY AND GRASSROOTS ORGANIZATIONS TO PROVIDE SPACE AND A PLATFORM FOR CRITICAL DIALOGUE AND CREATIVE EXCHANGE AROUND SOCIAL ISSUES; AND CREATIVE PLACEKEEPING PROJECTS. SFAI ORGANIZED THE MIDTOWN BLOCK PARTY IN OCTOBER 2021 AS PART OF THE MIDTOWN ENGAGEMENT PARTNERSHIP, WHICH BROUGHT OVER 1,000 PARTICIPANTS TO WEIGH IN ON THE FUTURE OF THE MIDTOWN SITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Wilkinson Chair | OfficerTrustee | 1 | $0 |
Richard Martinez Vice Chair | OfficerTrustee | 1 | $0 |
Joseph Kunkel Treasurer | OfficerTrustee | 1 | $0 |
Edith Dillman Secretary | OfficerTrustee | 1 | $0 |
Rick Brenner Trustee | Trustee | 1 | $0 |
John Cary Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,488 |
| Total Program Service Revenue | $90,064 |
| Investment income | $29,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,739 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $560,116 |
| 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 | $323,576 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,866 |
| Payroll taxes | $25,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,512 |
| Fees for services: Accounting | $28,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,000 |
| Fees for services: Other | $74,816 |
| Advertising and promotion | $20,830 |
| Office expenses | $11,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,939 |
| Insurance | $26,203 |
| All other expenses | $34,867 |
| Total functional expenses | $831,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79 |
| Savings and temporary cash investments | $358,660 |
| Pledges and grants receivable | $89,406 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,485,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,917,043 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,137 |
| Total assets | $3,882,221 |
| Accounts payable and accrued expenses | $39,391 |
| 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 | $497,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,040 |
| Total liabilities | $581,091 |
| Net assets without donor restrictions | $1,525,381 |
| Net assets with donor restrictions | $1,775,749 |
| 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 | $3,882,221 |