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Nonprofiteer
← ANDERSON RANCH ARTS FOUNDATION

Form 990 for tax year 2023

Filed by ANDERSON RANCH ARTS FOUNDATION.

Totals

Total revenue
$7,842,173
Total expenses
$6,722,134
Contributions and grants received
$5,458,995
Grants paid
$354,882
Program service revenue
$1,666,788
Investment income
$648,843
Other revenue
$67,547
Total assets, end of year
$19,639,383
Total liabilities, end of year
$1,059,994
Net assets or fund balances, end of year
$18,579,389
Program services expenses (Part IX)
$4,412,978
Management and general expenses
$1,821,952
Fundraising expenses
$487,204
Program service expenses (Part III)
$4,412,978

Program services were 65.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $1,399,651

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $100,600

  • 1f · All other contributions, gifts and grants

    $3,958,744

  • 1g · Noncash contributions included above

    $673,408

  • 2a · Program service revenue: Tuition

    total $1,645,071 · related or exempt $1,645,071 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Program Fees

    total $21,717 · related or exempt $21,717 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $300,032 · related or exempt $0 · unrelated business $0 · excluded $300,032

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $80,329 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $80,329 · personal property $0

  • 6d · Net rental income or loss

    total $80,329 · related or exempt $80,329 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $6,898,807 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $6,549,996 · other assets $0

  • 7c · Gain or loss

    securities $348,811 · other assets $0

  • 7d · Net gain or loss

    total $348,811 · related or exempt $0 · unrelated business $0 · excluded $348,811

  • 8a · Fundraising events: gross income

    $40,685

  • 8a · Fundraising events: contributions included on line 1c

    $1,399,651

  • 8b · Fundraising events: direct expenses

    $452,336

  • 8c · Net income from fundraising events

    total -$411,651 · unrelated business $0 · excluded -$411,651

  • 10a · Gross sales of inventory

    $925,504

  • 10b · Cost of goods sold

    $526,635

  • 10c · Net income from sales of inventory

    total $398,869 · related or exempt $288,917 · unrelated business $0 · excluded $109,952

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $354,882 · program services $354,882

  • 5 · Compensation of officers, directors and key employees

    total $631,743 · program services $210,581 · management and general $210,581 · fundraising $210,581

  • 7 · Other salaries and wages

    total $2,359,692 · program services $1,551,485 · management and general $658,256 · fundraising $149,951

  • 8 · Pension plan contributions

    total $38,782 · program services $17,468 · management and general $18,767 · fundraising $2,547

  • 9 · Other employee benefits

    total $340,995 · program services $201,543 · management and general $122,735 · fundraising $16,717

  • 10 · Payroll taxes

    total $227,121 · program services $110,157 · management and general $99,875 · fundraising $17,089

  • 11b · Fees: legal

    total $19,911 · management and general $19,911

  • 11c · Fees: accounting

    total $58,694 · management and general $58,694

  • 11f · Fees: investment management

    total $36,697 · management and general $36,697

  • 11g · Fees: other

    total $650,013 · program services $500,744 · management and general $123,106 · fundraising $26,163

  • 12 · Advertising and promotion

    total $62,288 · program services $62,236 · management and general $52 · fundraising $0

  • 13 · Office expenses

    total $273,126 · program services $203,728 · management and general $68,689 · fundraising $709

  • 14 · Information technology

    total $122,394 · program services $23,847 · management and general $97,686 · fundraising $861

  • 16 · Occupancy

    total $265,060 · program services $260,564 · management and general $4,496

  • 17 · Travel

    total $189,536 · program services $167,958 · management and general $8,394 · fundraising $13,184

  • 19 · Conferences, conventions and meetings

    total $7,788 · program services $4,876 · management and general $1,412 · fundraising $1,500

  • 20 · Interest

    total $13,681 · management and general $13,681

  • 22 · Depreciation, depletion and amortization

    total $438,020 · program services $363,904 · management and general $74,116

  • 23 · Insurance

    total $126,835 · program services $63,225 · management and general $63,610

  • 24a · Other expenses: Equipment & Maintenance

    total $138,195 · program services $71,758 · management and general $66,231 · fundraising $206

  • 24b · Other expenses: Credit Card Fees

    total $84,746 · program services $78,164 · management and general $0 · fundraising $6,582

  • 24c · Other expenses: Art Supplies

    total $78,914 · program services $73,414 · management and general $5,500

  • 24d · Other expenses: Taxes

    total $36,499 · program services $7,315 · management and general $29,184 · fundraising $0

  • 24e · All other expenses

    total $166,522 · program services $85,129 · management and general $40,279 · fundraising $41,114

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,378 · end of year $199,959

  • 2 · Savings and temporary cash investments

    beginning of year $933,319 · end of year $799,254

  • 3 · Pledges and grants receivable

    beginning of year $1,787,104 · end of year $1,563,166

  • 4 · Accounts receivable

    beginning of year $35,782 · end of year $35,103

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,191 · end of year $3,357

  • 8 · Inventories for sale or use

    beginning of year $230,021 · end of year $304,692

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $13,133,376

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,716,585

  • 10c · Land, buildings and equipment, net

    beginning of year $4,667,551 · end of year $4,416,791

  • 11 · Investments: publicly traded securities

    beginning of year $9,792,052 · end of year $11,470,860

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $238,171 · end of year $846,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $193,811 · end of year $282,036

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $240,774 · end of year $308,973

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $485,991 · end of year $468,985

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,663,978 · end of year $5,655,146

  • 28 · Net assets with donor restrictions

    beginning of year $11,233,015 · end of year $12,924,243

Mission and programs · 2023

Mission

Anderson Ranch Arts Center (the Ranch) is a vibrant learning community devoted to fostering creativity and growth through the exploration and understanding of the visual arts. Anderson Ranch's mission is to enrich lives with art, inspiration and community.

Activities or mission (Part I)

PROVIDE INSTRUCTION IN THE FINE ARTS FOR 1,200 CHILDREN AND ADULTS ANNUALLY.

  • Workshops are at the heart of Anderson Ranch's mission, providing a dynamic and immersive experience in creativity for participants of all ages and skill levels. These workshops bring together a vibrant mix of students and distinguished faculty, resulting in transformative experiences that foster artistic growth and community. In 2023, Anderson Ranch offered 162 workshops, welcoming 1,291 students from across the nation, including adults, teens, and children. Our dedicated staff, state-of-the-art facilities, and scenic campus create an inspiring environment that attracts a diverse array of participants. We are committed to making our programs accessible to promising artists from all backgrounds. Anderson Ranch provides scholarships funded by individual donors and foundations, through both endowed funds and special gifts. Scholarships are available to all eligible applicants, and we partner with 80 colleges and universities to award scholarships to advanced emerging artists. In 2023, over 20% of our workshop students received scholarship support. Our innovative artistic internship and award program supports emerging artists, offering hands-on studio experience and fostering inclusivity. Anderson Ranch also maintains a strong dedication to diversity, equity, inclusion, and belonging (DEIB) with nearly half of our faculty identifying as BIPOC, demonstrating our commitment to a welcoming and inclusive community.

    Expenses $3,042,792 · Grants $354,882 · Revenue $1,645,071

  • Anderson Ranch offers essential on-campus amenities to enhance the experience of our program participants. These services include a dormitory, cafe, library, art supplies store, and exhibition space. By providing food, housing, supplies, and exhibition opportunities, the Ranch fosters an immersive and supportive environment for artistic growth.

    Expenses $1,154,083 · Revenue $398,869

  • The Anderson Ranch Artists-in-Residence Program supports the creative, intellectual, and professional growth of both emerging and established visual artists. Residents benefit from dedicated studio time and access to world-class facilities in an environment free from daily distractions, allowing them to focus deeply on their work. The program encourages interdisciplinary exploration and fosters a collaborative community of working artists who engage in meaningful exchanges of ideas. Residents also receive valuable feedback from esteemed visiting critics, further enriching their artistic journey. In 2023, Anderson Ranch welcomed 29 talented artists across two residency sessions.

    Expenses $216,103 · Revenue $102,046

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter Waanders

    President & CEO

    Total calculated
    $256,412
    From this org
    $238,152
    From related orgs
    $0
    Other
    $18,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,277
    Bonus
    $0
    Other
    $10,875
    Deferred
    $7,500
    Nontaxable benefits
    $10,760
    Filer's total
    $256,412

  • Andrea Wallace

    Vice President, Artistic Affairs

    Total calculated
    $209,372
    From this org
    $148,693
    From related orgs
    $0
    Other
    $60,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,693
    Bonus
    $0
    Other
    $0
    Deferred
    $4,635
    Nontaxable benefits
    $56,044
    Filer's total
    $209,372

  • Ashley Todey

    Vice President & Chief Operating Officer

    Total calculated
    $207,959
    From this org
    $192,919
    From related orgs
    $0
    Other
    $15,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,419
    Bonus
    $0
    Other
    $22,500
    Deferred
    $4,950
    Nontaxable benefits
    $10,760
    Filer's total
    $208,629

  • Lindsy Fortier

    Director of Marketing & Communications

    Total calculated
    $105,816
    From this org
    $101,571
    From related orgs
    $0
    Other
    $4,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,571
    Bonus
    $0
    Other
    $0
    Deferred
    $3,090
    Nontaxable benefits
    $1,155
    Filer's total
    $105,816

  • Reggie Smith

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Lucy Wood Baird

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Terry Siegel

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Becky Murray

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Ian Alteveer

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Burson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Rona Citrin

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Moti Ferder

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jami Gertz

    Trustee - Until 12/2023

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Griffith

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Philae Knight

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Lee

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Lyon

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Liza Mauck

    Trustee - Until 12/2023

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Mavunga

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Ramnaraine

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Anne Reyes

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • John Rowland

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Capera Ryan

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Alex Sanchez

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jeannie Seybold

    Trustee - Until 12/2023

    Total calculated
    $0
    Hours/week
    0.5

  • Evan Snyderman

    Trustee - Beginning 2/2023

    Total calculated
    $0
    Hours/week
    0.5

  • Marie Wise

    Trustee - Until 12/2023

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Payments for business use of a personal residence
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
THE RANCH PROVIDED HOUSING TO ANDREA WALLACE AND ASHLEY TODEY AT A VALUE OF $42,000 AND $25,000, RESPECTIVELY, FOR THE YEAR ENDED DECEMBER 31, 2023. THE RANCH PROVIDED HEALTH CLUB DUES TO PETER WAANDERS AT A VALUE OF $10,875 FOR THE YEAR ENDED DECEMBER 31, 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
18 November 2024
IRS schema version
2023v5.0
Source object
202443309349300604

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