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Nonprofiteer
← THE SHELDON ARTS FOUNDATION

Form 990 for tax year 2022

Filed by THE SHELDON ARTS FOUNDATION.

Totals

Total revenue
$3,320,010
Total expenses
$4,419,899
Contributions and grants received
$1,877,164
Grants paid
$1,150
Program service revenue
$773,773
Investment income
$54,539
Other revenue
$614,534
Total assets, end of year
$17,666,116
Total liabilities, end of year
$654,914
Net assets or fund balances, end of year
$17,011,202
Program services expenses (Part IX)
$3,097,767
Management and general expenses
$759,325
Fundraising expenses
$562,807
Program service expenses (Part III)
$3,097,767

Program services were 70.1% 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.

  • 1c · Fundraising events

    $555,842

  • 1e · Government grants (contributions)

    $139,372

  • 1f · All other contributions, gifts and grants

    $1,181,950

  • 1g · Noncash contributions included above

    $58,664

  • 2a · Program service revenue: TICKET SALES

    total $773,773 · related or exempt $773,773

  • 3 · Investment income

    total $102,193 · excluded $102,193

  • 6a · Gross rents

    real property $564,587

  • 6b · Less rental expenses

    real property $515,112

  • 6c · Rental income or loss

    real property $49,475

  • 6d · Net rental income or loss

    total $49,475 · excluded $49,475

  • 7a · Gross sales of assets other than inventory

    securities $315,359

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

    securities $363,013

  • 7c · Gain or loss

    securities -$47,654

  • 7d · Net gain or loss

    total -$47,654 · excluded -$47,654

  • 8a · Fundraising events: gross income

    $69,480

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

    $555,842

  • 8b · Fundraising events: direct expenses

    $296,039

  • 8c · Net income from fundraising events

    total -$226,559 · excluded -$226,559

  • 10a · Gross sales of inventory

    $430,524

  • 10b · Cost of goods sold

    $78,698

  • 10c · Net income from sales of inventory

    total $351,826 · unrelated business $282,088 · excluded $69,738

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $253,011 · excluded $253,011

  • 11b · Other revenue: PARKING

    total $186,781 · excluded $186,781

  • 11e · Other revenue, total

    $439,792

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,150 · program services $1,150

  • 5 · Compensation of officers, directors and key employees

    total $363,979 · program services $175,297 · management and general $153,381 · fundraising $35,301

  • 7 · Other salaries and wages

    total $952,725 · program services $529,434 · management and general $226,717 · fundraising $196,574

  • 8 · Pension plan contributions

    total $9,150 · program services $5,536 · management and general $1,616 · fundraising $1,998

  • 9 · Other employee benefits

    total $134,834 · program services $78,330 · management and general $29,111 · fundraising $27,393

  • 10 · Payroll taxes

    total $111,309 · program services $60,094 · management and general $31,306 · fundraising $19,909

  • 11b · Fees: legal

    total $18,747 · program services $3,937 · management and general $8,811 · fundraising $5,999

  • 11c · Fees: accounting

    total $46,500 · program services $1,865 · management and general $26,555 · fundraising $18,080

  • 11f · Fees: investment management

    total $13,872 · management and general $13,872

  • 11g · Fees: other

    total $243,071 · program services $154,197 · management and general $53,175 · fundraising $35,699

  • 12 · Advertising and promotion

    total $150,544 · program services $58,996 · management and general $62,929 · fundraising $28,619

  • 13 · Office expenses

    total $417,445 · program services $363,059 · management and general $44,197 · fundraising $10,189

  • 16 · Occupancy

    total $155,491 · program services $138,387 · management and general $17,104

  • 20 · Interest

    total $6,128 · program services $4,902 · management and general $1,226

  • 22 · Depreciation, depletion and amortization

    total $645,713 · program services $568,227 · management and general $77,486

  • 23 · Insurance

    total $98,658 · program services $86,819 · management and general $11,839

  • 24a · Other expenses: ARTIST FEES/PRODUCTION

    total $1,029,263 · program services $865,963 · fundraising $163,300

  • 24b · Other expenses: DEVELOPMENT

    total $19,746 · fundraising $19,746

  • 24e · All other expenses

    total $1,574 · program services $1,574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,388,258 · end of year $880,284

  • 2 · Savings and temporary cash investments

    beginning of year $569,210 · end of year $452,499

  • 3 · Pledges and grants receivable

    beginning of year $618,826 · end of year $738,931

  • 4 · Accounts receivable

    beginning of year $156,052 · end of year $60,254

  • 8 · Inventories for sale or use

    beginning of year $34,427 · end of year $42,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,735 · end of year $68,588

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

    $21,003,264

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

    $8,747,619

  • 10c · Land, buildings and equipment, net

    beginning of year $12,516,327 · end of year $12,255,645

  • 11 · Investments: publicly traded securities

    beginning of year $2,436,527 · end of year $3,101,300

  • 15 · Other assets

    beginning of year $47,244 · end of year $65,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $363,533 · end of year $156,278

  • 19 · Deferred revenue

    beginning of year $293,374 · end of year $277,156

  • 23 · Secured mortgages and notes payable

    beginning of year $256,483 · end of year $152,581

  • 25 · Other liabilities

    beginning of year $49,520 · end of year $68,899

  • 27 · Net assets without donor restrictions

    beginning of year $14,252,287 · end of year $13,668,610

  • 28 · Net assets with donor restrictions

    beginning of year $3,700,409 · end of year $3,342,592

Mission and programs · 2022

Mission

THROUGH THE POWER OF MUSIC AND ART, THE SHELDON ENSURES THAT ALL HAVE ACCESS TO UNIQUE, RELEVANT AND INVENTIVE EXPERIENCES THAT CHANGE LIVES AND STRENGTHEN OUR COMMUNITY.

  • MUSICAL AND EDUCATIONAL PROGRAMS: THE SHELDON SEEKS TO PRESENT QUALITY MUSIC IN MANY DIVERSE GENRES. 47 IN PERSON CONCERTS THIS YEAR WERE SUCCESSFULLY PRESENTED IN THE HISTORIC SHELDON CONCERT HALL AND OUTDOOR PLAZA TO APPROXIMATELY 17,628 PATRONS. WE ALSO VIRTUALLY STREAMED A CONCERT FEATURING STEEP CANYON RANGERS FOR A PAYING AUDIENCE IN THE FALL OF 2022. THE SHELDON ALSO SEEKS TO INTRODUCE, BUILD AN APPRECIATION FOR AND IN SOME CASES ADVANCE THE ARTISTIC CAPABILITIES OF YOUNG PEOPLE IN BOTH MUSIC AND THE VISUAL ARTS. THE SHELDON CONTINUED ITS STREAMING PLATFORM IN ADDITION TO 30 LIVE PERFORMANCES FOR OUR EDUCATIONAL PROGRAMS, WITH 28 OF THESE STREAMED, INTRODUCING OVER 31,431 CHILDREN TO A WIDE RANGE OF MUSIC - INCLUDING JAZZ, FOLK, CLASSICAL, BLUES, THE AMERICAN MUSICAL, AND MUSIC FROM THE LEWIS AND CLARK ERA - AND INTRODUCED YOUNG PEOPLE TO A WIDE RANGE OF VISUAL ARTS - INCLUDING PHOTOGRAPHY, DRAWING, PAINTING, SCULPTURE AND ARCHITECTURE THROUGH VIRTUAL GALLERY TALKS. IN JUNE 2023, 20 STUDENTS OF THE ALL-STAR CHORUS TOOK A 4-DAY TRIP TO NEW YORK CITY TO PERFORM IN CARNEGIE HALL. THE TRIP INCLUDED A VISIT TO CENTRAL PARK, SEEING A BROADWAY SHOW, CRUISING AROUND THE STATUE OF LIBERTY ON A DINNER CRUISE AND CHECKING OUT THE CITY FROM THE TOP OF THE EMPIRE STATE BUILDING, BUT THE HIGHLIGHT WAS PARTICIPATING WITH A MASS-CHOIR, MADE UP OF SINGERS FROM ALL OVER, REHEARSING AND PERFORMING THE GOSPEL MASS BY ROBERT RAY IN CARNEGIE HALL. IT WAS THE MOST CHALLENGING, LONGEST PIECE OF MUSIC THE STUDENTS HAD LEARNED AND PERFORMED. THE CULMINATING PERFORMANCE WAS ACCOMPANIED BY AN ORCHESTRA, AND PROFESSIONAL SOLOISTS.

    Expenses $1,420,581 · Grants $1,150 · Revenue $709,661

  • COMMUNITY EVENTS AND BEVERAGE: BEGIN TO REBOUND, WITH SOME DELAYED RECOVERY BECAUSE RENTAL EVENTS TRADITIONALLY BOOK A YEAR IN ADVANCE.

    Expenses $875,508

  • PRESERVATION AND OPERATION OF THE HISTORIC SHELDON CONCERT HALL.

    Expenses $512,062

  • VISUAL ARTS: THE SHELDON SEEKS TO PRESENT QUALITY EXHIBITS IN MANY DIVERSE GENRES - 13 EXHIBITS WERE SUCCESSFULLY PRESENTED IN THE SHELDON ART GALLERIES THAT SERVED OVER 18,343 ADULTS AND YOUNG PEOPLE. GOLF THE GALLERIES RETURNED FOR ITS 6TH SEASON WITH AN EXCITING GROUP OF 9 CREATIVE AND FUN HOLES CREATED BY LOCAL ARTISTS DURING THE SUMMER 2022.

    Expenses $289,616 · Revenue $64,112

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

Listed in Part VII

  • PETER PALERMO

    EXECUTIVE DIRECTOR

    Total calculated
    $221,067
    From this org
    $203,641
    From related orgs
    $0
    Other
    $17,426
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $203,641
    Bonus
    $0
    Other
    $0
    Deferred
    $540
    Nontaxable benefits
    $16,886
    Filer's total
    $221,067

  • JULIE PLOWMAN

    DEPUTY DIRECTOR/DIRECTOR OF FINANCE

    Total calculated
    $160,114
    From this org
    $140,531
    From related orgs
    $0
    Other
    $19,583
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $140,531
    Bonus
    $0
    Other
    $0
    Deferred
    $566
    Nontaxable benefits
    $19,017
    Filer's total
    $160,114

  • JAMES WATSON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SUE ENGELHARDT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVE GIFFORD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER DANFORTH

    CHAIR - GOVERNANCE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL WILLIAMS

    TREASURER/CHAIR - FINANCE

    Total calculated
    $0
    Hours/week
    1

  • LOTTA FOX

    SEC./CO-CHAIR - EDU (TERM END 5/23)

    Total calculated
    $0
    Hours/week
    1

  • MARY PATTERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANNE BANNISTER

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RYAN C EASLEY

    CHAIR - DEVELOPMENT

    Total calculated
    $0
    Hours/week
    1

  • CHRIS J HAGEDORN

    CHAIR - FACILITIES

    Total calculated
    $0
    Hours/week
    1

  • ROBERT WILL

    CHAIR - PROGAMMING & MARKETING

    Total calculated
    $0
    Hours/week
    1

  • YEMI AKANDE-BARTSCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN ALM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTY BECKMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY CASEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT ENDICOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JERRY GRANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK HALTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID HOHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MYLES KELLY

    BOARD MEMBER (TERM END 5/23)

    Total calculated
    $0
    Hours/week
    1

  • JEAN KENNEDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WARD KLEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY KRANZBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MADT MALLINCKRODT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MARRIOTT JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN MCCLELLAND

    BOARD MEMBER (TERM END 10/22)

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN MILLER

    BOARD MEMBER (TERM END 7/22)

    Total calculated
    $0
    Hours/week
    1

  • JACK MUSGRAVE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NINA NEEDLEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER NOONAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAURICE QUIROGA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID RATH

    BOARD MEMBER (TERM END 11/22)

    Total calculated
    $0
    Hours/week
    1

  • TOM RUWITCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR RICHARD SHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NUVIAH SHIRAZI

    BOARD MEMBER (TERM END 5/23)

    Total calculated
    $0
    Hours/week
    1

  • DR THOMAS SILER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA SLAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR KENNETH SMITH JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK STUART-SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THELMA STEWARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PEGGY W SYMES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TARA N VAIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS VANDIVER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY PILLSBURY WAINWRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHERYL WALKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN WALLACH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
26 February 2024
IRS schema version
2022v5.0
Source object
202400599349300300

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