Form 990 for tax year 2024

Filed by SWALLOW HILL MUSIC ASSOCIATION.

Totals

Total revenue: $5,758,787
Total expenses: $6,397,088
Contributions and grants received: $1,811,891
Grants paid: $32,319
Program service revenue: $3,723,327
Investment income: $139,601
Other revenue: $83,968
Total assets, end of year: $4,840,132
Total liabilities, end of year: $451,785
Net assets or fund balances, end of year: $4,388,347
Program services expenses (Part IX): $5,008,342
Management and general expenses: $764,849
Fundraising expenses: $623,897
Program service expenses (Part III): $5,008,342

Program services were 78.3% 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.

1b · Membership dues

$95,950
1e · Government grants (contributions)

$725,632
1f · All other contributions, gifts and grants

$990,309
1g · Noncash contributions included above

$24,615
2a · Program service revenue: TICKET SALES

total $2,593,654 · related or exempt $2,593,654
2b · Program service revenue: TUITION

total $1,074,511 · related or exempt $1,074,511
2c · Program service revenue: FOOD AND BEVERAGE

total $54,014 · related or exempt $54,014
2d · Program service revenue: MERCHANDISE

total $1,148 · related or exempt $1,148
3 · Investment income

total $100,760 · excluded $100,760
6a · Gross rents

real property $28,825
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $28,825
6d · Net rental income or loss

total $28,825 · excluded $28,825
7a · Gross sales of assets other than inventory

securities $1,400,000
7b · Less cost or other basis and sales expenses

securities $1,361,159
7c · Gain or loss

securities $38,841
7d · Net gain or loss

total $38,841 · excluded $38,841
11a · Other revenue: OTHER SCHOOL REVENUE

total $55,143 · related or exempt $55,143
11e · Other revenue, total

$55,143

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $32,319 · program services $32,319
5 · Compensation of officers, directors and key employees

total $351,290 · program services $113,732 · management and general $130,693 · fundraising $106,865
7 · Other salaries and wages

total $2,449,854 · program services $1,846,994 · management and general $289,519 · fundraising $313,341
8 · Pension plan contributions

total $42,354 · program services $29,648 · management and general $6,353 · fundraising $6,353
9 · Other employee benefits

total $158,713 · program services $109,905 · management and general $25,598 · fundraising $23,210
10 · Payroll taxes

total $239,033 · program services $167,323 · management and general $35,855 · fundraising $35,855
11a · Fees: management

total $272,110 · program services $248,104 · management and general $24,006
11c · Fees: accounting

total $38,020 · management and general $38,020
11f · Fees: investment management

total $16,520 · management and general $16,520
11g · Fees: other

total $147,487 · program services $147,487
12 · Advertising and promotion

total $123,479 · management and general $123,479
13 · Office expenses

total $90,313 · program services $68,383 · management and general $11,286 · fundraising $10,644
14 · Information technology

total $474,411 · program services $379,529 · fundraising $94,882
16 · Occupancy

total $75,324 · program services $49,714 · management and general $15,817 · fundraising $9,793
17 · Travel

total $7,422 · program services $6,606 · management and general $742 · fundraising $74
20 · Interest

total $3,810 · program services $2,515 · management and general $800 · fundraising $495
22 · Depreciation, depletion and amortization

total $103,645 · program services $68,408 · management and general $21,764 · fundraising $13,473
23 · Insurance

total $68,557 · program services $45,248 · management and general $14,397 · fundraising $8,912
24a · Other expenses: CONTRACT PERFORMERS

total $982,925 · program services $982,925
24b · Other expenses: FACILITY RENTAL

total $409,836 · program services $409,836
24c · Other expenses: MERCHANT & BANK FEES

total $165,071 · program services $165,071
24d · Other expenses: DUES AND SUBSCRIPTIONS

total $110,605 · program services $110,605
24e · All other expenses

total $33,990 · program services $23,990 · management and general $10,000

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $300,277 · end of year $362,542
2 · Savings and temporary cash investments

beginning of year $31,512 · end of year $32,071
3 · Pledges and grants receivable

beginning of year $389,559 · end of year $206,309
4 · Accounts receivable

beginning of year $62,735 · end of year $34,757
8 · Inventories for sale or use

beginning of year $16,614 · end of year $16,574
9 · Prepaid expenses and deferred charges

beginning of year $10,813 · end of year $42,550
10a · Land, buildings and equipment: cost or other basis

$2,208,434
10b · Land, buildings and equipment: accumulated depreciation

$1,325,176
10c · Land, buildings and equipment, net

beginning of year $766,425 · end of year $883,258
11 · Investments: publicly traded securities

beginning of year $2,208,520 · end of year $2,280,739
12 · Investments: other securities

beginning of year $1,004,549 · end of year $537,492
15 · Other assets

beginning of year $435,717 · end of year $443,840
17 · Accounts payable and accrued expenses

beginning of year $151,773 · end of year $268,263
19 · Deferred revenue

beginning of year $143,649 · end of year $118,612
23 · Secured mortgages and notes payable

beginning of year $103,824 · end of year $64,910
27 · Net assets without donor restrictions

beginning of year $4,088,258 · end of year $3,652,164
28 · Net assets with donor restrictions

beginning of year $739,217 · end of year $736,183

Mission and programs · 2024

Mission

SWALLOW HILL, FOUNDED IN 1979 AS A NON-PROFIT MUSIC ORGANIZATION, BRINGS LIFE TO CONCERTS, CLASSES AND COMMUNITY ACROSS METRO DENVER. CONTINUED ON SCHEDULE OSWALLOW HILL IS HOME TO THE COUNTRY'S SECOND LARGEST ACOUSTIC MUSIC SCHOOL WITH 53 FACULTY MEMBERS HOSTING 29,000 VISITS ANNUALLY; PRODUCES 137 CONCERTS BRINGING TOGETHER 45,000 CONCERT GOERS EACH YEAR AND THROUGH COMMUNITY OUTREACH PROGRAMS WHICH CREATES MORE THAN 77,000 MUSIC CONNECTIONS IN UNDER-SERVED COMMUNITIES WORKING IN MORE THAN 25 SCHOOLS AND COMMUNITY ORGANIZATIONS. SWALLOW HILL BRINGS TOGETHER PEOPLE OF ALL AGES TO LEARN ABOUT, LISTEN TO AND PERFORM MUSIC.

Activities or mission (Part I)

TO BUILD COMMUNITY THROUGH MUSIC PERFORMANCE, EDUCATION, AND OUTREACH.

IN 2024, SWALLOW HILL MUSIC PRODUCED 182 CONCERTS BETWEEN THE THREE VENUES AT OUR YALE LOCATION AND OFFSITE LOCATIONS THROUGHOUT DENVER INCLUDING FOUR MILE HISTORIC PARK, THE SUMMER CONCERT SERIES AND EVENINGS AL FRESCO AT DENVER BOTANIC GARDENS. WE ALSO PARTNERED WITH ORGANIZATIONS SUCH AS THE DENVER ARTS & VENUES, CLYFFORD STILL MUSEUM, TWO PARTS, THE CITY OF BROOMFIELD AND BUTTERFLY PAVILION TO BOOK AND PROMOTE MUSICAL ACTS FOR THEIR EVENTS. IN TOTAL, THROUGH CONCERT PROGRAMMING, SWALLOW HILL MADE OVER 59,000 MUSICAL CONNECTIONS. OUR CONCERTS HIGHLIGHTED INTERNATIONAL, NATIONAL, AND LOCAL MUSICIANS. WE CONTINUE TO INCREASE OUR COMMITMENT TO NURTURE HOMEGROWN TALENT BY SHOWCASING LOCAL MUSIC IN THE DENVER METRO AREA, AND GROWING BIPOC, FEMME, AND LGBTQ+ ARTISTS' AUDIENCES.

Expenses $3,120,329 · Revenue $2,593,654
AS THE COUNTRY'S SECOND LARGEST ACOUSTIC MUSIC SCHOOL, WE CONTINUED TO SEE EXCELLENT GROWTH IN OUR SCHOOL IN 2024. OUR PORTFOLIO INCLUDES GROUP CLASSES, PRIVATE LESSONS AND WORKSHOPS, BOTH ONLINE AND IN PERSON, TAUGHT BY 51 INSTRUCTORS WHO ARE ALSO PROFESSIONAL MUSICIANS. WE CONTINUE TO RESHAPE OUR PROGRAMMING OFFERINGS TO REFLECT THE DIVERSE MUSIC AND THE CHANGING POPULATION OF THE DENVER METRO AREA. BY THE END OF THE YEAR, WE HAD GROWN TO OFFER 700 PROGRAMS TO OVER 2400 UNIQUE STUDENTS TO ESTABLISH MORE THAN 37,000 MUSICAL CONNECTIONS.

Expenses $1,285,557 · Grants $32,319 · Revenue $110,305
TO MAKE MUSIC ACCESSIBLE ACROSS OUR CITY AND STATE, WE OFFER MUSIC EDUCATION AND PROGRAMS IN UNDER-RESOURCED COMMUNITIES. OUR PROGRAMMING INCLUDES LITTLE SWALLOWS, EARLY CHILDHOOD EDUCATION (ECE) INFUSED WITH MUSIC FOR PRESCHOOLERS, WHERE SWALLOW HILL PARTNERS WITH SCHOOLS AND ORGANIZATIONS WHO HAVE A MAJORITY OF STUDENTS THAT QUALIFY FOR FREE AND REDUCED-PRICED LUNCH AND/OR HEADSTART SUPPORT, AND HAVE HIGH DIVERSITY AMONG STUDENTS. IN 2024, OUR LITTLE SWALLOWS PROGRAM WAS IN 114 CLASSROOMS ACROSS 27 SCHOOLS. OUR OUTREACH PROGRAMMING ALSO INCLUDES WORKSHOPS AND INTERACTIVE PERFORMANCES IN K-12 SCHOOLS, MUSIC THERAPY FOR VETERANS, AND PEOPLE LIVING WITH DEVELOPMENTAL OR MENTAL HEALTH CHALLENGES. ACROSS ALL OUTREACH PROGRAMMING IN 2024 WE MADE OVER 86,000 MUSICAL CONNECTIONS.

Expenses $602,456 · Revenue $1,074,511

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Tracy ZabelTRACY ZABEL

BOARD TREASURER

Total calculated

$0

Hours/week

2
Jim LeonardJIM LEONARD

BOARD MEMBER

Total calculated

$0

Hours/week

1
Walt DehavenWALT DEHAVEN

BOARD CHAIR

Total calculated

$0

Hours/week

2
Rebecca Grant ZarretREBECCA GRANT ZARRET

BOARD MEMBER

Total calculated

$0

Hours/week

1
Tiffany PallottoTIFFANY PALLOTTO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dave RatnerDAVE RATNER

BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Gavin O'TooleGAVIN O'TOOLE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Rob SilkROB SILK

BOARD SECRETARY

Total calculated

$0

Hours/week

2
Brandy RadeyBRANDY RADEY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Lyn SchneiderLYN SCHNEIDER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jason SmirnowJASON SMIRNOW

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jessica ClarkJESSICA CLARK

CEO

Total calculated

$202,318

From this org

$177,419

From related orgs

$0

Other

$24,899

Hours/week

40

Schedule J breakdown matched by us

Base

$177,419

Bonus

$0

Other

$0

Deferred

$17,141

Nontaxable benefits

$7,758

Filer's total

$202,318
Kome MullerKOME MULLER

CFO

Total calculated

$148,972

From this org

$134,860

From related orgs

$0

Other

$14,112

Hours/week

40
Victoria BarnettVICTORIA BARNETT

MARKETING DIRECTOR

Total calculated

$119,911

From this org

$100,265

From related orgs

$0

Other

$19,646

Hours/week

40

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

3 · Form 990 of other organizations
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)

PART I, LINE 3: SWALLOW HILL MUSIC DETERMINES THE COMPENSATION FOR THE CEO BY REVIEWING FORM 990'S OF OTHER ORGANIZATIONS, CONSULTING COMPARABLE SALARY DATA, AND DISCUSSIONS CONDUCTED BY BOTH THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS.

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: 2024
Filed: 16 October 2025
IRS schema version: 2024v5.2
Source object: 202542909349301144

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