The Art Base
- Assets
- $2.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Basalt, CO
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 20-1188479
Organization Overview
The Art Base is located in Basalt, CO. The organization was established in 2005. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Art Base employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Base 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 12/2021, Art Base generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $631.7k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ART BASE FOSTERS CREATIVE EXPRESSION IN THE VISUAL ARTS FOR ALL AGES AND ABILITIES, THROUGH EDUCATION, EXHIBITIONS, AND PROVIDING OPPORTUNITIES TO ARTISTS AND ARTISANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER CREATIVE EXPRESSION THROUGH THE VISUAL ARTS FOR LEARNERS OF ALL AGES AND ABILITIES. TO PROVIDE PROGRAMS AND A LEARNING ENVIRONMENT COMMITTED TO EXCELLENCE AND UNIQUE LEARNING SKILLS. APPROXIMATELY 11,000 PEOPLE BENEFITTED FROM OUR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skye Skinner Executive Director | 40 | $105,535 | |
Barbara Glass President | OfficerTrustee | 5 | $0 |
Amiee White Beazley Secretary | OfficerTrustee | 2 | $0 |
Lauren Cornish Treasurer | OfficerTrustee | 3 | $0 |
Krista Klees Vice President | OfficerTrustee | 3 | $0 |
David Kelly Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $242,729 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $731,423 |
| Noncash contributions included in lines 1a–1f | $9,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,040,409 |
| Total Program Service Revenue | $77,151 |
| Investment income | $88 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,947 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,497 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,520 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,249,612 |
| 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. | $105,535 |
| Compensation of current officers, directors, key employees. | $9,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,000 |
| Payroll taxes | $25,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,334 |
| Advertising and promotion | $16,346 |
| Office expenses | $26,443 |
| Information technology | $14,845 |
| Royalties | $0 |
| Occupancy | $41,463 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,406 |
| Insurance | $10,840 |
| All other expenses | $29,325 |
| Total functional expenses | $631,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,493 |
| Savings and temporary cash investments | $396,492 |
| Pledges and grants receivable | $285,333 |
| Accounts receivable, net | $688 |
| 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 | $1,306 |
| Net Land, buildings, and equipment | $1,946,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,967 |
| Total assets | $2,805,955 |
| Accounts payable and accrued expenses | $28,890 |
| Grants payable | $0 |
| Deferred revenue | $1,150 |
| 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 | $1,306,265 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,347 |
| Total liabilities | $1,338,652 |
| Net assets without donor restrictions | $862,525 |
| Net assets with donor restrictions | $604,778 |
| 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 | $2,805,955 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that The Art Base has recieved totaling $312,419.
| Awarding Organization | Amount |
|---|---|
Thendara Foundation Inc Wilmington, DE PURPOSE: GENERAL SUPPORT & CAPITAL CAMPAIGN | $105,000 |
Diane And Bruce Halle Foundation Scottsdale, AZ PURPOSE: ARTS & CULTURE | $100,000 |
Alpenglow Foundation Aspen, CO PURPOSE: GENERAL CHARITABLE | $51,000 |
Aspen Community Foundation Basalt, CO PURPOSE: GENERAL SUPPORT | $16,000 |
Addy Foundation Carbondale, CO PURPOSE: GENERAL PURPOSE | $12,169 |
Catto Shaw Foundation Denver, CO PURPOSE: GENERAL OPERATING FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosaic Employee Welfare Benefit Plan Trust Omaha, NE | $7,371,640 | $16,223,052 |
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Art Association Of Jackson Hole Jackson, WY | $1,265,273 | $1,643,063 |
Foothills Art Center Inc Golden, CO | $2,162,133 | $1,395,944 |
Studio Arts Boulder Inc Boulder, CO | $3,831,022 | $2,254,756 |
Craft Lake City Salt Lake City, UT | $319,746 | $884,315 |
The Art Base Basalt, CO | $2,805,955 | $1,249,612 |
Turrell Art Foundation Flagstaff, AZ | $84,539,675 | $27,051,414 |
Lux Center For The Arts Lincoln, NE | $2,353,211 | $746,199 |