Spanish Colonial Arts Society Inc
- Assets
- $2.7m
- Revenue
- $231.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Santa Fe, NM
- Founding
- 09/1954
- Data as of
- 12/2020
- 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 12/2020, Spanish Colonial Arts Society Inc employed 11 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 12/2020, Spanish Colonial Arts Society Inc generated $231.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $502.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SPANISH COLONIAL ARTS SOCIETY COLLECTS, PRESERVES, AND EXHIBITS THE SPANISH COLONIAL ART OF NEW MEXICO, OPERATING A MUSEUM, HOSTING TWO MARKETS THAT EXHIBITS ARTISTS WORK AND OFFERING EDUCATIONAL PROGRAMS FOR BOTH ADULTS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPANISH COLONIAL ARTS SOCIETY WAS NOT ABLE TO OPERATE THE MUSEUM AFTER THE MANDATORY COVID 19 CLOSING IN MARCH 2020, AND THE LACK OF STAFFING AS VENUES WERE REOPENED WITH RESTRICTIONS.
THE TRADITIONAL SPANISH MARKET AND THE WINTER MARKET WERE NOT PERMITTED DURING THE COVID 19 PANDEMIC.
THE SOCIETY WAS NOT ABLE TO HOLD EDUCATIONAL OR OUTREACH PROGRAMS DURING THE COVID19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Berkley Executive Dir. | Officer | 40 | $40,615 |
Alex Romero Past Exec. Dir. | Officer | 40 | $40,000 |
Robert Coffland President | OfficerTrustee | 5 | $0 |
Joel Goldfrank Past President | OfficerTrustee | 5 | $0 |
Ron Rivera Treasurer | OfficerTrustee | 5 | $0 |
Victor Goler Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,737 |
| Noncash contributions included in lines 1a–1f | $16,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,307 |
| Total Program Service Revenue | $5,238 |
| Investment income | $3,081 |
| 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 | $4,469 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,095 |
| 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. | $80,615 |
| Compensation of current officers, directors, key employees. | $60,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,428 |
| Advertising and promotion | $1,962 |
| Office expenses | $312 |
| Information technology | $12,620 |
| Royalties | $0 |
| Occupancy | $11,414 |
| Travel | $199 |
| 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 | $93,714 |
| Insurance | $17,508 |
| All other expenses | $14,010 |
| Total functional expenses | $502,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,885 |
| Savings and temporary cash investments | $400,014 |
| Pledges and grants receivable | $30,000 |
| 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 | $4,800 |
| Net Land, buildings, and equipment | $1,825,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $428,000 |
| Total assets | $2,720,410 |
| Accounts payable and accrued expenses | $36,227 |
| 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 | $59,279 |
| Total liabilities | $95,506 |
| Net assets without donor restrictions | $2,191,662 |
| Net assets with donor restrictions | $433,242 |
| 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 | $2,720,410 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Spanish Colonial Arts Society Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
New Mexico Multi-Cultural Foundation Inc Albuquerque, NM PURPOSE: SUPPORT OF NM ARTS | $25,000 |
New Mexico Multi-Cultural Foundation Inc Albuquerque, NM PURPOSE: SUPPORT OF NM ARTS | $25,000 |
New Mexico Multi-Cultural Foundation Inc Albuquerque, NM PURPOSE: SUPPORT OF NM ARTS | $25,000 |
Endowment Analysis
| Beg. Balance | $1,283,268 |
| Earnings | $163,679 |
| Net Contributions | $70,000 |
| Other Expense | $176,216 |
| Ending Balance | $1,340,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |