Salt Lake Art Center
- Assets
- $960.0k
- Revenue
- $630.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Salt Lake City, UT
- Founding
- 02/1939
- Data as of
- 06/2020
- EIN
- 87-0221537
Organization Overview
Salt Lake Art Center, operating under the name Utah Museum Of Contemporary Art, is located in Salt Lake City, UT. The organization was established in 1939. 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 06/2020, Utah Museum Of Contemporary Art employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Museum Of Contemporary Art 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 06/2020, Utah Museum Of Contemporary Art generated $630.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $523.9k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SALT LAKE ART CENTER DBA UTAH MUSEUM OF CONTEMPORARY ARTS IS A NONPROFIT CORPORATION ORGANIZED TO FOSTER THE DEVELOPMENT OF UTAH AND REGIONAL CONTEMPORARY VISUAL ART, TO EDUCATE THE PUBLIC TO AN APPRECIATION OF CONTEMPOARY VISUAL ART AND TO BRING TOGETHER ARTISTS AND NON-ARTISTS INTO A WORKING ORGANIZATION, TO PRESENT THE WORK OF UTAH, REGIONAL, AND NATIONAL CONTEMPORARY ARTISTS TO THE PUBLIC BY MEANS OF EXHIBITIONS AND OTHER ACTIVITIES, TO PROMOTE AND INCREASE PUBLIC INTEREST IN CONTEMPORARY VISUTAL ART AND TO EDUCATE AND STIMULATE THE COMMUNITY IN SUCH MATTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION GALLERIES-EXHIBIT CONTEMPORARY ART WITH THE PURPOSE OF EDUCATING THE VIEWER IN CONTEMPORARY ART AS WELL AS STIMULATING CONSIDERATION OF CURRENT SOCIAL ISSUES.
PUBLIC EDUCATION-SPECIAL PROGRAMS OFFER TOURS AND WORKSHOPS FOR CHILDREN TO LEARN HOW TO CREATE AND APPRECIATE ART ADULT EDUCATION PROGRAMMING INCLUDES LECTURES AND SYMPOSIUMS TO ASSIST IN THE UNDERSTANDING OF THE ISSUES ADDRESSED BY EXHIBITIONS.
EXHIBITION GALLERIES-EXHIBIT CONTEMPORARY ART WITH THE PURPOSE OF EDUCATING THE VIEWER IN CONTEMPORARY ART AS WELL AS STIMULATING CONSIDERATION OF CURRENT SOCIAL ISSUES.
PUBLIC EDUCATION-SPECIAL PROGRAMS OFFER TOURS AND WORKSHOPS FOR CHILDREN TO LEARN HOW TO CREATE AND APPRECIATE ART ADULT EDUCATION PROGRAMMING INCLUDES LECTURES AND SYMPOSIUMS TO ASSIST IN THE UNDERSTANDING OF THE ISSUES ADDRESSED BY EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hurtado Executive Di | Officer | 40 | $60,208 |
Val Antzack President | OfficerTrustee | $0 | |
Tim Fellow Vice Preside | OfficerTrustee | $0 | |
Hannah Vaughn Secretary | OfficerTrustee | $0 | |
Derek Allen Treasurer | OfficerTrustee | $0 | |
Peter Everett Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,565 |
| Investment income | $7,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,842 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,846 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,832 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $630,886 |
| Statement of Expenses | |
|---|---|
| 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. | $86,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,415 |
| Payroll taxes | $24,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,469 |
| Advertising and promotion | $5,080 |
| Office expenses | $11,329 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,621 |
| Travel | $11,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,931 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,057 |
| Insurance | $8,925 |
| All other expenses | $0 |
| Total functional expenses | $523,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,882 |
| Savings and temporary cash investments | $17,188 |
| Pledges and grants receivable | $70,867 |
| Accounts receivable, net | $1,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,656 |
| Prepaid expenses and deferred charges | $3,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $242,170 |
| Total assets | $960,001 |
| Accounts payable and accrued expenses | $26,882 |
| 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 | $459,487 |
| Total liabilities | $486,369 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $473,632 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Salt Lake Art Center has recieved totaling $33,850.
| Awarding Organization | Amount |
|---|---|
Salt Lake Arts Council Foundation Salt Lake City, UT | | $17,000 |
The Community Foundation Of Utah Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,850 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Samuel H French Iii And Katherine Weaver French Fund Las Vegas, NV | $10,532,990 | $916,663 |
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 |
Downtown Aurora Visual Arts Aurora, CO | $2,225,877 | $774,018 |