Roswell Artist In Residents Foundation
- Assets
- $13.1m
- Revenue
- $950.7k
- Investments
- $10.5m
- Employees
- 0
- Location
- Roswell, NM
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 33-0999247
Organization Overview
Roswell Artist In Residents Foundation is located in Roswell, NM. The organization was established in 2003. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roswell Artist In Residents Foundation 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, Roswell Artist In Residents Foundation generated $950.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $807.2k during the year ending 12/2021. While expenses have increased by 1.9% 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.
Since 2014, Roswell Artist In Residents Foundation has awarded 85 individual grants totaling $503,798. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROSWELL ARTIST-IN-RESIDENCE FOUNDATION PROVIDES EXCEPTIONAL VISUAL ARTISTS THE GIFT OF TIME, A YEAR TO WORK WITHOUT DISTRACTION IN A COLLEGIAL ENVIRONMENT.
THE ROSWELL ARTIST-IN-RESIDENCE FOUNDATION ALSO MAINTAINS THE ANDERSON MUSEUM OF CONTEMPORARY ART AND THE STUDIOS AT BERRENDO ROAD AND THE HOWARD COOK STUDIOS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Midgette Anderson Director | 0.25 | $0 | |
Catherine DE Maria Director | 0.25 | $0 | |
Sarah Anderson Director | 0.25 | $0 | |
Michael Aakhus Director | 0.25 | $0 | |
Dameron Midgette President | 2 | $0 | |
Martha Strieby Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,098 |
| Interest on Savings | $6,785 |
| Dividends & Interest | $285,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,373 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $204,220 |
| Total Revenue | $950,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,250 |
| Other employee salaries and wages | $71,933 |
| Pension plans, employee benefits | $35,063 |
| Interest | $0 |
| Taxes | $40,981 |
| Depreciation | $117,020 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $361 |
| Printing and publications | $0 |
| Other expenses | $236,849 |
| Total operating and administrative expenses | $728,705 |
| Contributions, gifts, grants paid | $78,450 |
| Total expenses and disbursements | $807,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,271 |
| Savings and temporary cash investments | $10,795 |
| Net Accounts receivable | $578 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $1,225 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $157,000 |
| Net Land, buildings, and equipment | $2,564,407 |
| Other assets | $2,446 |
| Total assets | $13,096,282 |
| Accounts payable and accrued expenses | $4,608 |
| Grants payable | $0 |
| Deferred revenue | $2,975 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $34,199 |
| Total liabilities | $41,782 |
Grants Awarded
Over the last fiscal year, Roswell Artist In Residents Foundation has awarded $78,450 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MARIE ALARCON PURPOSE: GIFT OF TIME | $11,800 |
TERRI ROLLAND PURPOSE: GIFT OF TIME | $11,550 |
MIKAYLA PATTON PURPOSE: GIFT OF TIME | $11,450 |
ALIA ALI RADMAN PURPOSE: GIFT OF TIME | $9,900 |
MARIA BEITZ PURPOSE: GIFT OF TIME | $9,550 |
ERIC J GARCIA PURPOSE: GIFT OF TIME | $7,150 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Roswell Artist In Residents Foundation has recieved totaling $66,400.
| Awarding Organization | Amount |
|---|---|
Donald B Anderson Charitable Tr Chicago, IL PURPOSE: GENERAL | $54,000 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM PURPOSE: GENERAL SUPPORT | $12,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of Cameron County San Benito, TX | $1,863,652 | $2,355,604 |
Dairy Center For The Arts Boulder, CO | $11,050,322 | $3,310,840 |
Roswell Artist In Residents Foundation Roswell, NM | $13,096,282 | $950,709 |
Atheist Community Of Austin Inc Austin, TX | $1,074,838 | $657,910 |
Friends Of The Wright Opera House Inc Ouray, CO | $2,719,872 | $280,640 |
Vital Spaces Inc Santa Fe, NM | $112,781 | $234,664 |
Untitled Art Space Inc Oklahoma City, OK | $377,472 | $415,421 |
Allen Arts Alliance Allen, TX | $261,270 | $0 |
Community Artists Collective Houston, TX | $261,932 | $340,282 |
Costume Connection Phoenix, AZ | $34,325 | $0 |
Texas Accountants & Lawyers For The Arts Austin, TX | $196,713 | $244,676 |
Colorado West Performing Arts Company Grand Junction, CO | $20,627 | $0 |