Studio Arts Boulder Inc
- Assets
- $3.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Boulder, CO
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-0947724
Organization Overview
Studio Arts Boulder Inc is located in Boulder, CO. The organization was established in 2010. 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, Studio Arts Boulder Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio Arts Boulder 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 12/2021, Studio Arts Boulder Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $704.2k during the year ending 12/2021. While expenses have increased by 12.8% 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
OUR MISSION IS TO CULTIVATE THE ARTIST IN EACH OF US BY INVITING CREATIVE COLLABORATION IN THE STUDY, PRACTICE, AND ADVANCEMENT OF THE STUDIO ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO ARTS BOULDER OFFERS CERAMICS THROUGH THE BOULDER POTTERY LAB, WHICH WAS FOUNDED IN 1954. THE LAB PROVIDES EDUCATIONAL PROGRAMS TO ALL AGES, CHILDREN, TEENS, ADULTS, AND SENIORS, AS WELL AS PEOPLE WITH DISABILITIES. LAB STAFF AND STUDENTS ALSO WORK TO ADVANCE SAFE ENVIRONMENTAL PRACTICES IN THE ARTS, SUCH AS ENERGY-EFFICIENCY, LOW-WATER USE, AND ZERO WASTE. THE ORGANIZATION ALSO PROVIDES FREE AND REDUCED-RATE PROGRAMS FOR CHILDREN IN LOW-INCOME HOUSING, KIDS AT RISK OF DROPPING OUT, HOMELESS TEENS AND YOUTH-IN-CRISIS, ADULTS WITH MILD TRAUMATIC BRAIN INJURIES, AND SURVIVORS OF DOMESTIC VIOLENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Palazzari Executive Director | Officer | 40 | $70,538 |
Aaron Winston Potter Lab Director | Officer | 40 | $59,993 |
Julie Penner Board Treasurer | OfficerTrustee | 3 | $0 |
Robert Crifasi Board President | OfficerTrustee | 3 | $0 |
Renate Mairie Board Secretary | OfficerTrustee | 3 | $0 |
Cynthia Ruggero Board Memver | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,762,400 |
| Noncash contributions included in lines 1a–1f | $65,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,857,771 |
| Total Program Service Revenue | $401,128 |
| Investment income | $153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,254,756 |
| 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. | $140,676 |
| Compensation of current officers, directors, key employees. | $8,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,984 |
| Pension plan accruals and contributions | $9,493 |
| Other employee benefits | $24,416 |
| Payroll taxes | $32,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,418 |
| Advertising and promotion | $5,119 |
| Office expenses | $6,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,694 |
| Travel | $2,645 |
| 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 | $1,884 |
| Insurance | $7,952 |
| All other expenses | $4,973 |
| Total functional expenses | $704,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $789,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $850,000 |
| 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 | $2,029,040 |
| Investments—publicly traded securities | $162,810 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,831,022 |
| Accounts payable and accrued expenses | $65,596 |
| 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 | $65,596 |
| Net assets without donor restrictions | $2,157,848 |
| Net assets with donor restrictions | $1,607,578 |
| 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 | $3,831,022 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Studio Arts Boulder Inc has recieved totaling $509,667.
| Awarding Organization | Amount |
|---|---|
Louise H And David S Ingalls Foundation Inc Shaker Heights, OH PURPOSE: EDUCATION | $200,000 |
Zarpet Family Foundation Chicago, IL PURPOSE: CULTURAL - CAPITAL EXPANSION | $160,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $58,820 |
Britton Fund Philadelphia, PA PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,750 |
Addy Foundation Carbondale, CO PURPOSE: GENERAL PURPOSE | $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 |