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Nonprofiteer
← SANTA FE ART INSTITUTE

Form 990 for tax year 2023

Filed by SANTA FE ART INSTITUTE.

Totals

Total revenue
$484,787
Total expenses
$995,130
Contributions and grants received
$251,968
Grants paid
$30,205
Program service revenue
$17,332
Investment income
$213,381
Other revenue
$2,106
Total assets, end of year
$3,425,379
Total liabilities, end of year
$558,167
Net assets or fund balances, end of year
$2,867,212
Program services expenses (Part IX)
$634,610
Management and general expenses
$333,491
Fundraising expenses
$27,029
Program service expenses (Part III)
$634,610

Program services were 63.8% 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

    $72,646

  • 1f · All other contributions, gifts and grants

    $179,322

  • 2f · All other program service revenue

    total $17,332 · related or exempt $17,332

  • 3 · Investment income

    total $40,531 · related or exempt $40,531

  • 7a · Gross sales of assets other than inventory

    securities $172,850

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

    securities $0

  • 7c · Gain or loss

    securities $172,850

  • 7d · Net gain or loss

    total $172,850 · related or exempt $172,850

  • 8a · Fundraising events: gross income

    $21,090

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

    $72,646

  • 8b · Fundraising events: direct expenses

    $18,984

  • 8c · Net income from fundraising events

    total $2,106 · excluded $2,106

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $30,205 · program services $30,205

  • 7 · Other salaries and wages

    total $393,318 · program services $314,654 · management and general $78,664

  • 8 · Pension plan contributions

    total $12,924 · management and general $12,924

  • 9 · Other employee benefits

    total $29,628 · management and general $29,628

  • 10 · Payroll taxes

    total $36,168 · program services $28,934 · management and general $7,234

  • 11b · Fees: legal

    total $1,335 · program services $1,068 · management and general $267

  • 11c · Fees: accounting

    total $26,770 · program services $13,385 · management and general $13,385

  • 11f · Fees: investment management

    total $18,156 · program services $9,078 · management and general $9,078

  • 11g · Fees: other

    total $88,918 · program services $76,479 · management and general $10,614 · fundraising $1,825

  • 12 · Advertising and promotion

    total $6,589 · program services $5,271 · fundraising $1,318

  • 13 · Office expenses

    total $145,268 · program services $111,177 · management and general $32,861 · fundraising $1,230

  • 17 · Travel

    total $9,342 · program services $4,671 · management and general $4,671

  • 19 · Conferences, conventions and meetings

    total $22,656 · fundraising $22,656

  • 20 · Interest

    total $13,747 · management and general $13,747

  • 22 · Depreciation, depletion and amortization

    total $114,596 · management and general $114,596

  • 23 · Insurance

    total $28,811 · program services $23,049 · management and general $5,762

  • 24a · Other expenses: MIDTOWN ARTS & DESIGN A

    total $9,516 · program services $9,516

  • 24b · Other expenses: FOOD SUPPLIES

    total $6,883 · program services $6,883

  • 24c · Other expenses: OTHER

    total $300 · program services $240 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $248,355 · end of year $16,026

  • 2 · Savings and temporary cash investments

    beginning of year $110,383 · end of year $111,118

  • 3 · Pledges and grants receivable

    beginning of year $89,406 · end of year $52,240

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

    $4,009,364

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

    $2,638,064

  • 10c · Land, buildings and equipment, net

    beginning of year $1,485,896 · end of year $1,371,300

  • 12 · Investments: other securities

    beginning of year $1,917,043 · end of year $1,843,855

  • 15 · Other assets

    beginning of year $31,137 · end of year $30,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,391 · end of year $16,394

  • 23 · Secured mortgages and notes payable

    beginning of year $499,900 · end of year $499,900

  • 25 · Other liabilities

    beginning of year $57,913 · end of year $41,873

  • 27 · Net assets without donor restrictions

    beginning of year $1,509,267 · end of year $1,145,567

  • 28 · Net assets with donor restrictions

    beginning of year $1,775,749 · end of year $1,721,645

Mission and programs · 2023

Mission

SFAI IS AN INDEPENDENT ARTS ORGANIZATION FORGING CRITICAL INQUIRY AND CULTURAL EXCHANGE AMONG ARTISTS, CREATIVE PRACTITIONERS, AND THE BROADER COMMUNITY. WE SUPPORT AND AMPLIFY DYNAMIC ARTISTIC PRACTICES THAT ENGAGE COMPLEX SOCIAL ISSUES, INSPIRE INDIVIDUAL TRANSFORMATION, AND INFORM COLLECTIVE ACTION.

Activities or mission (Part I)

FORGING CRITICAL INQUIRY AND CREATIVE EXCHANGE AMONG ARTISTS TO INSPIRE INDIVIDUAL TRANSFORMATION AND INFORM COLLECTIVE ACTION.

  • GENERAL PROGRAMS - BRINGING TOGETHER LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS WITH ACTIVISTS, CULTURE BEARERS, CONTENT EXPERTS, AND INSTITUTIONS IN THE BROADER COMMUNITY THROUGH INTERACTIVE WORKSHOPS, PERFORMANCES, CONVERSATIONS, AND EXHIBITIONS. GENERAL PROGRAMS SERVE LOCAL ARTISTS, ARTISTS FROM AROUND THE WORLD, AND THE NORTHERN NEW MEXICO COMMUNITY. SFAI PROVIDED OVER 12 PUBLIC, IN PERSON PROGRAMS IN 2023, INCLUDING SFAI140, OPEN STUDIOS, PROCESS EVENTS, THE ONLINE TILT SERIES, OUR ANNUAL ART OF CHANGE.

    Expenses $634,610 · Grants $30,205 · Revenue $230,713

  • RESIDENCY PROGRAMS - SFAI SUPPORTS RESEARCH, ARTWORKS, AND CREATIVE ACTIONS THAT USE ARTISTIC IMAGINATION THROUGH OUR FREE, ANNUAL THEMATIC RESIDENCY PROGRAM, WHICH IS OPEN TO ARTISTS AND CREATIVE PRACTITIONERS OF ALL DISCIPLINES. SFAI HOSTED 53 RESIDENTS IN 2023 THROUGH THE CHANGING CLIMATE INTERNATIONAL THEMATIC RESIDENCY, AND 4 RESIDENCY FELLOWSHIPS THROUGH PARTNERSHIPS WITH NATIONAL AND INTERNATIONAL INSTITUTIONS. SFAI LAUNCHED THE BIPOC STIPENDS IN 2023, PROVIDING $500 TO ALL BIPOC-IDENTIFYING RESIDENTS.

  • COMMUNITY ENGAGEMENT, OUTREACH, AND EDUCATION - SHOWCASING THE WORK OF SOCIALLY-ENGAGED LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS, SFAI COMMUNITY ENGAGEMENT DEMONSTRATES THE POWER OF ART TO SHAPE SOCIETY. THIS INCLUDES ONLINE OUTREACH AND EDUCATION FOR ALL AGES, INCLUDING THE TILT SERIES AND MONTHLY NEWSLETTERS; PARTNERSHIPS WITH LOCAL ADVOCACY AND GRASSROOTS ORGANIZATIONS TO PROVIDE SPACE AND A PLATFORM FOR CRITICAL DIALOGUE AND CREATIVE EXCHANGE AROUND SOCIAL ISSUES; AND CREATIVE PLACEKEEPING PROJECTS SUCH AS THE NEWLY FORMING MIDTOWN ARTS AND DESIGN ALLIANCE.

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

Listed in Part VII

  • Marie Wilkinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Martinez

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Feliz Okumu

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Burden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karin Fyrhle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Landy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Aaron Payne

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Zachary Leonard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Zilar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jamie Blosser

    EXECUTIVE DIRECTOR

    Total calculated
    $124,801
    From this org
    $124,801
    From related orgs
    $0
    Other
    $0
    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.

Schedule J

Answered yes

  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202403039349302450

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