Sheridan Arts Foundation
- Assets
- $3.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Telluride, CO
- Founding
- 01/1992
- Data as of
- 09/2021
- EIN
- 84-1166423
Organization Overview
Sheridan Arts Foundation is located in Telluride, CO. The organization was established in 1992. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Sheridan Arts Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheridan Arts 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 09/2021, Sheridan Arts Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. 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 SHERIDAN ARTS FOUNDATION WAS FOUNDED IN 1991 AS A 501(C)(3) NON-PROFIT ORGANIZATION TO: RESTORE AND PRESERVE THE HISTORIC SHERIDAN OPERA HOUSE AS AN ARTS AND CULTURAL RESOURCE FOR THE TELLURIDE COMMUNITY; BRING QUALITY ARTS AND CULTURAL EVENTS TO TELLURIDE; PROVIDE LOCAL AND NATIONAL YOUTH WITH ACCESS AND EXPOSURE TO THE ARTS THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE PERFORMING ARTS AND SHERIDAN OPERA HOUSE OPERATIONS. OVER 20,000 PEOPLE TOOK ADVANTAGE OF THE EVENTS AND SHOWS OFFERED AT THE OPERA HOUSE. 110 N OAK LLC BAR OPERATIONS HAD 18 RENTAL EVENTS IN ADDITION TO REGULAR FOUNDATION PROGRAM EVENTS.
YOUNG PEOPLE'S THEATER IS A DIVERSE AND FLOURISHING CENTER FOR YOUNG THESPIANS THAT HAS AN ENROLLMENT OF OVER 200 CHILDREN BETWEEN AGES 2 AND 18 EACH YEAR. THE PROGRAM FEES ARE BASED ON FINANCIAL ABILITY. SEVERAL CLASSES ARE HELD THROUGHOUT THE YEAR. 4 FULL LENGTH MUSICALS WERE PRESENTED OVER 11 SHOWS AT THE OPERA HOUSE. 1,600 PEOPLE ATTENDED THE SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronatta Palamar Executive Director | Officer | 40 | $103,043 |
Steven Palamar President | Officer | 40 | $100,875 |
Mark Dalton Chairman | OfficerTrustee | 2 | $0 |
James Gallagher Vice President | OfficerTrustee | 1 | $0 |
James I Black III Secretary | OfficerTrustee | 1 | $0 |
Scott Swank Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,033,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,500 |
| Noncash contributions included in lines 1a–1f | $354,277 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,329,522 |
| Total Program Service Revenue | $230,397 |
| Investment income | $358 |
| 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 | $160,963 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,721,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,962 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $251,634 |
| Compensation of current officers, directors, key employees. | $53,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,339 |
| Payroll taxes | $38,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,640 |
| Advertising and promotion | $23,047 |
| Office expenses | $51,229 |
| Information technology | $43 |
| Royalties | $0 |
| Occupancy | $45,372 |
| Travel | $26,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,335 |
| Insurance | $30,031 |
| All other expenses | $0 |
| Total functional expenses | $1,051,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $317,727 |
| Accounts receivable, net | $787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,539 |
| Prepaid expenses and deferred charges | $3,607 |
| Net Land, buildings, and equipment | $1,761,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,967,332 |
| Accounts payable and accrued expenses | $4,825 |
| Grants payable | $0 |
| Deferred revenue | $50,807 |
| 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 | $718,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $774,303 |
| Net assets without donor restrictions | $1,859,351 |
| Net assets with donor restrictions | $333,678 |
| 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 | $2,967,332 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sheridan Arts Foundation has recieved totaling $56,950.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $30,000 |
Telluride Foundation Telluride, CO PURPOSE: OPERATIONS | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,450 |
The Thomas Phillips And Jane Moore Johnson Foundation Telluride, CO PURPOSE: GENERAL CHARITABLE | $2,500 |
Lee Ann And Melvin H Jacobs Foundation Chicago, IL PURPOSE: IRS APPROVED CHARITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
Omaha Performing Arts Society Omaha, NE | $32,168,813 | $11,794,799 |
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |
Spencer Theater For The Performing Arts Inc Alto, NM | $16,060,098 | $2,857,669 |
Utah Arts Alliance Salt Lake City, UT | $1,603,300 | $1,841,835 |
Arizona Academy Of The Performing Arts Inc Tempe, AZ | $1,249,723 | $1,575,057 |
Culture House Olathe, KS | $1,423,663 | $1,449,924 |
Valley Youth Theatre Phoenix, AZ | $6,747,995 | $6,073,336 |
Hutchinsons Historic Fox Theatre Inc Hutchinson, KS | $2,272,995 | $1,289,288 |