Form 990 for tax year 2022

Filed by SWALLOW HILL MUSIC ASSOCIATION.

Totals

Total revenue: $3,957,533
Total expenses: $4,325,072
Contributions and grants received: $1,519,086
Grants paid: $14,754
Program service revenue: $2,339,321
Investment income: $20,074
Other revenue: $79,052
Total assets, end of year: $5,658,881
Total liabilities, end of year: $390,371
Net assets or fund balances, end of year: $5,268,510
Program services expenses (Part IX): $3,134,402
Management and general expenses: $743,439
Fundraising expenses: $447,231
Program service expenses (Part III): $3,134,402

Program services were 72.5% 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

$86,197
1c · Fundraising events

$12,516
1e · Government grants (contributions)

$1,036,875
1f · All other contributions, gifts and grants

$383,498
1g · Noncash contributions included above

$22,791
2a · Program service revenue: TICKET SALES

total $1,607,776 · related or exempt $1,607,776
2b · Program service revenue: TUITION

total $692,601 · related or exempt $692,601
2c · Program service revenue: STUDIO FEES

total $29,868 · related or exempt $29,868
2d · Program service revenue: FOOD AND BEVERAGE

total $6,286 · related or exempt $6,286
2e · Program service revenue: MERCHANDISE

total $2,790 · related or exempt $2,790
3 · Investment income

total $20,074 · excluded $20,074
6a · Gross rents

real property $20,140
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $20,140
6d · Net rental income or loss

total $20,140 · excluded $20,140
8a · Fundraising events: gross income

$23,550
8a · Fundraising events: contributions included on line 1c

$12,516
8b · Fundraising events: direct expenses

$21,158
8c · Net income from fundraising events

total $2,392 · excluded $2,392
11a · Other revenue: OTHER EVENT INCOME

total $46,541 · related or exempt $46,541
11b · Other revenue: MUSIC IN THE GARDENS

total $8,000 · excluded $8,000
11c · Other revenue: OTHER INCOME

total $1,979 · related or exempt $1,979
11e · Other revenue, total

$56,520

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $14,754 · program services $14,754
5 · Compensation of officers, directors and key employees

total $139,061 · program services $35,584 · management and general $89,341 · fundraising $14,136
7 · Other salaries and wages

total $1,718,891 · program services $1,082,419 · management and general $371,463 · fundraising $265,009
9 · Other employee benefits

total $160,396 · program services $94,372 · management and general $42,872 · fundraising $23,152
10 · Payroll taxes

total $152,807 · program services $91,684 · management and general $38,202 · fundraising $22,921
11a · Fees: management

total $263,498 · program services $242,952 · management and general $20,546
11c · Fees: accounting

total $40,192 · management and general $40,192
11f · Fees: investment management

total $3,506 · management and general $3,506
11g · Fees: other

total $92,186 · program services $92,186
12 · Advertising and promotion

total $79,354 · management and general $79,354
13 · Office expenses

total $53,756 · program services $37,662 · management and general $9,379 · fundraising $6,715
14 · Information technology

total $160,632 · program services $128,506 · fundraising $32,126
16 · Occupancy

total $79,033 · program services $52,143 · management and general $16,609 · fundraising $10,281
17 · Travel

total $9,772 · program services $8,697 · management and general $977 · fundraising $98
19 · Conferences, conventions and meetings

total $814 · program services $814
20 · Interest

total $7,080 · program services $4,673 · management and general $1,487 · fundraising $920
22 · Depreciation, depletion and amortization

total $72,798 · program services $48,049 · management and general $15,286 · fundraising $9,463
23 · Insurance

total $67,737 · program services $44,706 · management and general $14,225 · fundraising $8,806
24a · Other expenses: CONTRACT PERFORMERS

total $542,601 · program services $542,601
24b · Other expenses: FACILITY RENTAL

total $389,911 · program services $389,911
24c · Other expenses: DUES AND SUBSCRIPTIONS

total $109,640 · program services $109,640
24d · Other expenses: MERCHANT & BANK FEES

total $94,729 · program services $94,729
24e · All other expenses

total $71,924 · program services $18,320 · fundraising $53,604

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,908,716 · end of year $3,354,173
2 · Savings and temporary cash investments

beginning of year $31,505 · end of year $31,509
3 · Pledges and grants receivable

beginning of year $359,106 · end of year $362,524
4 · Accounts receivable

beginning of year $30,108 · end of year $29,385
8 · Inventories for sale or use

beginning of year $5,057 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $8,852 · end of year $11,204
10a · Land, buildings and equipment: cost or other basis

$1,934,261
10b · Land, buildings and equipment: accumulated depreciation

$1,134,337
10c · Land, buildings and equipment, net

beginning of year $732,962 · end of year $799,924
11 · Investments: publicly traded securities

beginning of year $786,773 · end of year $690,396
15 · Other assets

beginning of year $352,705 · end of year $379,766
17 · Accounts payable and accrued expenses

beginning of year $134,761 · end of year $143,912
19 · Deferred revenue

beginning of year $144,496 · end of year $102,323
23 · Secured mortgages and notes payable

beginning of year $176,760 · end of year $144,136
27 · Net assets without donor restrictions

beginning of year $5,056,864 · end of year $4,695,200
28 · Net assets with donor restrictions

beginning of year $702,903 · end of year $573,310

Mission and programs · 2022

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 60 FACULTY MEMBERS HOSTING MORE THAN 23,000 VISITS ANNUALLY; PRODUCING OVER 100 CONCERTS BRINGING TOGETHER MORE THAN 55,000 CONCERT GOERS EACH YEAR; AND THROUGH COMMUNITY OUTREACH PROGRAMS CREATING MORE THAN 55,000 MUSICAL CONNECTIONS IN UNDER-SERVED COMMUNITIES WORKING IN MORE THAN 50 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)

BRINGING THE JOY OF MUSIC TO LIFE EVERY DAY.

AS THE COUNTRY'S SECOND LARGEST ACOUSTIC MUSIC SCHOOL, THE START OF 2022 WAS FULL OF ITS UPS AND DOWNS. THE NEW YEAR KICKED OFF WITH AN INSURGENT OF A NEW COVID-19 VARIANT, AND PEOPLE WERE UNDERSTANDABLY HESITANT TO RETURN IN-PERSON FOR PROGRAMMING. WE DEALT WITH THOSE CHALLENGES BY CONTINUING TO OFFER ONLINE CLASSES AND PRIVATE LESSONS. AS THE YEAR PROGRESSED, WE SAW MORE PEOPLE START TO EMERGE AND RETURN IN-PERSON WHICH REQUIRED SWALLOW HILL TO HIRE MORE TEACHERS, CREATE MORE PROGRAMS AND OFFERINGS, AND CONFIGURE THE SCHEDULE TO ACCOMMODATE IT ALL. BY THE END OF THE YEAR, WE HAD GROWN TO 42 TEACHERS AND HAD OFFERED OVER 600 PROGRAMS TO OVER 13000 UNIQUE STUDENTS CONSISTING OF CLASSES, WORKSHOPS, AND PRIVATE LESSONS TO ESTABLISH MORE THAN 23,000 MUSICAL CONNECTIONS.

Expenses $806,177 · Grants $14,754 · Revenue $38,944
IN 2022, SWALLOW HILL MUSIC PRODUCED 100 CONCERTS BETWEEN THE THREE VENUES AT OUR YALE LOCATION AND OFFSITE THROUGHOUT DENVER IN ADDITION TO EIGHT SHOWS FOR THE SUMMER CONCERT SERIES AND TWELVE EVENINGS AL FRESCO AT THE DENVER BOTANIC GARDENS. WE ALSO PARTNERED WITH ORGANIZATIONS SUCH AS THE CLYFFORD STILL MUSEUM TO BOOK AND PROMOTE FIVE MUSICAL ACTS FOR THEIR EVENTS AND RIDGEFEST WHERE WE BOOKED FIVE BANDS TO PERFORM FOR AT THE LOCAL FESTIVAL. IN TOTAL, THROUGH CONCERT PROGRAMMING, SWALLOW HILL MADE OVER 55,000 MUSICAL CONNECTIONS. OUR CONCERTS HIGHLIGHTED INTERNATIONAL, NATIONAL, AND LOCAL MUSICIANS. IN 2022, WE INCREASED OUR COMMITMENT TO NURTURE OUR HOMEGROWN TALENT BY SHOWCASING LOCAL MUSIC IN THE DENVER METRO AREA, AND GROWING BIPOC, FEMME, LGBTQ+ AND DISABLED ARTISTS' AUDIENCE.

Expenses $1,902,476 · Revenue $1,607,776
TO MAKE MUSIC MORE 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. WE STARTED 2022 IN 13 SCHOOLS AND BY THE END OF THE YEAR, WE HAD PARTNERED WITH 22 SCHOOLS AND HAD TAUGHT 2,538 CLASSES. OUR OUTREACH PROGRAMMING ALSO INCLUDES WORKSHOPS AND INTERACTIVE PERFORMANCES IN K-12 SCHOOLS, AND MUSIC THERAPY FOR OUR AGING POPULATION, VETERANS, AND PEOPLE LIVING WITH DEVELOPMENTAL OR MENTAL HEALTH CHALLENGES.

Expenses $425,749 · Revenue $692,601

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

GEORGE LYFORD

MEMBER

Total calculated

$0

Hours/week

1
TRACY ZABEL

MEMBER

Total calculated

$0

Hours/week

1
JIM LEONARD

MEMBER

Total calculated

$0

Hours/week

2
WALT DEHAVEN

CHAIR

Total calculated

$0

Hours/week

2
LORI FOX

MEMBER SECRETARY

Total calculated

$0

Hours/week

1
KYLE HARRIS

TREASURER

Total calculated

$0

Hours/week

2
DAVE RATNER

VICE CHAIR

Total calculated

$0

Hours/week

2
GRACE HANOVER

MEMBER

Total calculated

$0

Hours/week

1
GAVIN O'TOOLE

MEMBER

Total calculated

$0

Hours/week

1
ROB SILK

MEMBER

Total calculated

$0

Hours/week

1
AENGUS FINNAN

CEO (TERM BEGIN 10/22)

Total calculated

$41,625

From this org

$41,000

From related orgs

$0

Other

$625

Hours/week

40
KOME MULLER

CFO

Total calculated

$96,329

From this org

$96,215

From related orgs

$0

Other

$114

Hours/week

40
JESSICA CLARK

COO

Total calculated

$131,886

From this org

$122,526

From related orgs

$0

Other

$9,360

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 12 September 2023
IRS schema version: 2022v5.0
Source object: 202312709349300431

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