Vilar Center Arts Foundation
- Assets
- $21.8m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 72
- Location
- Avon, CO
- Founding
- 10/1995
- Data as of
- 05/2022
- EIN
- 84-1316133
Organization Overview
Vilar Center Arts Foundation is located in Avon, CO. The organization was established in 1995. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Vilar Center Arts Foundation employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vilar Center 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 05/2022, Vilar Center Arts Foundation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $5.5m during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE & DEVELOP APPRECIATION OF THE ARTS IN THE VAIL VALLEY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATER OPENED TO THE GENERAL PUBLIC IN FEBRUARY OF 1998 FOR ITS PREMIER SEASON, OFFERING A WIDE VARIETY OF PROGRAMMING FOR THE PERFORMING ARTS. AS OF MAY 31, 2022, THE FOUNDATION IS PRIMARILY ENGAGED IN PROMOTING AND DEVELOPING AWARENESS OF AND APPRECIATION OF THE ARTS AND EDUCATING THE GENERAL PUBLIC ABOUT THE ARTS THROUGH THE OWNERSHIP AND/OR OPERATION OF THE THEATRE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Owen Hutchinson Executive Director | Officer | 40 | $169,938 |
Ann Smead Chairman | OfficerTrustee | 0.5 | $0 |
Michael Imhof President/chief Executive Officer | OfficerTrustee | 10 | $0 |
Robert J Ford Chief Financial Officer | Officer | 10 | $0 |
Andy Arnold Board Member | Trustee | 0.5 | $0 |
Sam Bronfman Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $587,021 |
| Government grants | $14,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,168,644 |
| Noncash contributions included in lines 1a–1f | $123,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,770,275 |
| Total Program Service Revenue | $2,055,970 |
| Investment income | $226,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $140,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $138,555 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,525,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,000 |
| 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. | $194,844 |
| Compensation of current officers, directors, key employees. | $19,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,197,000 |
| Pension plan accruals and contributions | $35,039 |
| Other employee benefits | $226,717 |
| Payroll taxes | $90,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,255 |
| Fees for services: Accounting | $19,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,238 |
| Fees for services: Other | $203 |
| Advertising and promotion | $319,385 |
| Office expenses | $93,974 |
| Information technology | $104,249 |
| Royalties | $0 |
| Occupancy | $249,127 |
| Travel | $8,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $685,329 |
| Insurance | $51,592 |
| All other expenses | $100,591 |
| Total functional expenses | $5,461,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,833,935 |
| Pledges and grants receivable | $2,037,631 |
| Accounts receivable, net | $36,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,933 |
| Prepaid expenses and deferred charges | $10,285 |
| Net Land, buildings, and equipment | $8,393,028 |
| Investments—publicly traded securities | $8,432,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,222 |
| Total assets | $21,813,325 |
| Accounts payable and accrued expenses | $355,818 |
| Grants payable | $0 |
| Deferred revenue | $518,074 |
| 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 | $54,361 |
| Total liabilities | $928,253 |
| Net assets without donor restrictions | $13,261,113 |
| Net assets with donor restrictions | $7,623,959 |
| 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 | $21,813,325 |
Grants Awarded
Over the last fiscal year, Vilar Center Arts Foundation has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Vail, CO PURPOSE: GENERAL SUPPORT | $11,000 |
Edwards, CO PURPOSE: GENERAL SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vilar Center Arts Foundation has recieved totaling $604,021.
| Awarding Organization | Amount |
|---|---|
Vail Valley Foundation Inc Avon, CO PURPOSE: GENERAL SUPPORT | $587,021 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $17,000 |
Endowment Analysis
| Beg. Balance | $4,460,066 |
| Earnings | -$113,796 |
| Admin Expense | $24,567 |
| Other Expense | $53,500 |
| Ending Balance | $4,268,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Vilar Center Arts Foundation Avon, CO | $21,813,325 | $6,525,406 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Producers Live Stock Cr Corp Omaha, NE | $188,745,900 | $8,023,454 |
Center For The Arts Crested Butte, CO | $20,478,017 | $2,980,319 |
Fonner Park Exposition And Events Center Inc Grand Island, NE | $3,469,214 | $2,166,552 |
Friends Of Levitt Pavilion Denver Denver, CO | $1,477,528 | $3,241,132 |
Phoenix Performing Arts Center Inc Phoenix, AZ | $1,404,123 | $1,426,991 |
St Lukes Performing Arts Academy Highlands Ranch, CO | $808,627 | $1,082,453 |
Orpheum Performing Arts Centre Ltd Wichita, KS | $3,982,044 | $1,347,692 |
Wyo Theatre Inc Sheridan, WY | $4,306,747 | $947,384 |
Outpost Productions Inc Albuquerque, NM | $1,676,831 | $1,136,124 |