Spanish Colonial Arts Society Inc
- Assets
- $2.8m
- Revenue
- $492.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Santa Fe, NM
- Founding
- 09/1954
- Data as of
- 12/2022
- EIN
- 85-6011544
Organization Overview
Spanish Colonial Arts Society Inc is located in Santa Fe, NM. The organization was established in 1954. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Spanish Colonial Arts Society Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spanish Colonial Arts Society 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 12/2022, Spanish Colonial Arts Society Inc generated $492.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $619.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 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
THE MISSION OF THE SPANISH COLONIAL ARTS SOCIETY IS TO PRESERVE THE CULTURAL HERITAGE OF HISPANIC NEW MEXICO AND ITS LIVING TRADITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MUSEUM OF SPANISH COLONIAL ART REMAINED OPEN TO THE PUBLIC AND WE CONTINUED OUR ADMISSION PROGRAM WITH THE FIRST FRIDAY OF THE MONTH FREE TO NEW MEXICO RESIDENTS AND YOUTH ALWAYS FREE. OUR EXHIBIT "TRAILS, RAILS AND HIGHWAYS: HOW TRADE TRANSFORMED THE ART OF NEW MEXICO" FEATURED OBJECTS FROM OUR COLLECTION SPANNING CENTURIES AND THREE GALLERIES DEDICATED TO LIVING SPANISH MARKET ARTISTS. IN OUR ONGOING EFFORT TO SERVE AS A RESOURCE FOR THE PUBLIC, WE OFFERED TOURS OF OUR MUSEUM AND OUR COLLECTION AND WE ALSO HELD VARIOUS ARTS CLASSES AND DEMONSTRATIONS WITH A FOCUS ON TRADITIONAL NEW MEXICAN ART FORMS.
WE HOSTED OUR 70TH TRADITIONAL SPANISH MARKET ON THE HISTORIC SANTA FE PLAZA. THIS IS AN EVENT FREE AND OPEN TO THE PUBLIC, SERVING OUR IMMEDIATE COMMUNITY AND TOURISTS ALIKE. THIS CULTURAL HERITAGE EVENT CELEBRATES THE HISPANIC ARTISTIC LEGACY OF NEW MEXICO WITH OVER 100 ARTISTS PARTICIPATING AS WELL AS LIVE MUSIC AND FOOD VENDORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Rivera Chair | OfficerTrustee | 5 | $0 |
Scott Malouf Vice Chair/t | OfficerTrustee | 5 | $0 |
Donna Pierce Secretary | OfficerTrustee | 5 | $0 |
Audra Bellmore Director | Trustee | 1 | $0 |
David Cartwright Director | Trustee | 1 | $0 |
Robert Coffland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,674 |
| Fundraising events | $800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,590 |
| Noncash contributions included in lines 1a–1f | $16,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,064 |
| Total Program Service Revenue | $154,944 |
| Investment income | $3,498 |
| 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 | $3,514 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,020 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,734 |
| Fees for services: Accounting | $21,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,803 |
| Advertising and promotion | $24,306 |
| Office expenses | $6,058 |
| Information technology | $13,799 |
| Royalties | $0 |
| Occupancy | $42,261 |
| Travel | $169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,714 |
| Insurance | $20,307 |
| All other expenses | $5,474 |
| Total functional expenses | $619,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,760 |
| Savings and temporary cash investments | $413,117 |
| Pledges and grants receivable | $9,300 |
| 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 | $8,578 |
| Prepaid expenses and deferred charges | $8,214 |
| Net Land, buildings, and equipment | $1,640,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $397,000 |
| Total assets | $2,797,674 |
| Accounts payable and accrued expenses | $31,342 |
| 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 | $0 |
| Total liabilities | $31,342 |
| Net assets without donor restrictions | $2,354,429 |
| Net assets with donor restrictions | $411,903 |
| 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 | $2,797,674 |