Totals
- Total revenue
- $535,013
- Total expenses
- $715,709
- Contributions and grants received
- $515,110
- Grants paid
- $88,050
- Program service revenue
- $18,895
- Investment income
- $0
- Other revenue
- $1,008
- Total assets, end of year
- $1,687,464
- Total liabilities, end of year
- $176,490
- Net assets or fund balances, end of year
- $1,510,974
- Program services expenses (Part IX)
- $567,705
- Management and general expenses
- $118,578
- Fundraising expenses
- $29,426
- Program service expenses (Part III)
- $567,705
Program services were 79.3% 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.
-
1a · Federated campaigns
$4,882
-
1e · Government grants (contributions)
$76,905
-
1f · All other contributions, gifts and grants
$433,323
-
2a · Program service revenue: Event Registration
total $397 · related or exempt $397
-
2b · Program service revenue: Service Revenue - SCI
total $18,498 · related or exempt $18,498
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$1,028
-
10b · Cost of goods sold
$20
-
10c · Net income from sales of inventory
total $1,008 · related or exempt $1,008
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $88,050 · program services $88,050
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $129,652 · program services $64,826 · management and general $45,137 · fundraising $19,689
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $234,472 · program services $205,986 · management and general $28,486
-
8 · Pension plan contributions
total $5,395 · program services $4,370 · management and general $1,025
-
9 · Other employee benefits
total $24,251 · program services $20,145 · management and general $4,106
-
10 · Payroll taxes
total $28,519 · program services $21,389 · management and general $5,704 · fundraising $1,426
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,103 · management and general $1,103
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $5,360 · fundraising $5,360
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $48,535 · program services $29,175 · management and general $19,360
-
12 · Advertising and promotion
total $7,636 · program services $7,636
-
13 · Office expenses
total $2,209 · management and general $2,209
-
14 · Information technology
total $10,532 · program services $8,971 · fundraising $1,561
-
15 · Royalties
total $0
-
16 · Occupancy
total $39,611 · program services $31,689 · management and general $7,922
-
17 · Travel
total $7,904 · program services $7,904
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,954 · program services $3,954
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $19,021 · program services $19,021
-
23 · Insurance
total $11,689 · program services $10,029 · management and general $1,660
-
24a · Other expenses: Printing and Publications
total $11,181 · program services $11,125 · management and general $56
-
24b · Other expenses: Postage and Shipping
total $8,521 · program services $8,521
-
24c · Other expenses: Exhibition Catalog & Materials
total $5,092 · program services $5,092
-
24d · Other expenses: Auto - parking & mileage
total $4,709 · program services $3,240 · management and general $292 · fundraising $1,177
-
24e · All other expenses
total $18,313 · program services $16,582 · management and general $1,518 · fundraising $213
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $426,162 · end of year $221,334
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $539,438 · end of year $586,230
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$957,998
-
10b · Land, buildings and equipment: accumulated depreciation
$78,098
-
10c · Land, buildings and equipment, net
beginning of year $898,921 · end of year $879,900
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $28,411 · end of year $35,788
-
24 · Unsecured notes and loans payable
beginning of year $144,440 · end of year $140,702
-
27 · Net assets without donor restrictions
beginning of year $1,125,951 · end of year $990,974
-
28 · Net assets with donor restrictions
beginning of year $565,719 · end of year $520,000
Mission and programs · 2023
Mission
The mission of 516 ARTS is to forge connections between contemporary artists and diverse audiences and our vision is to be an active partner in developing the cultural landscape of Albuquerque and New Mexico. Our values are inquiry, diversity, collaboration and accessibility. 516 ARTS offers programs that inspire curiosity, dialogue, and creative experimentation, showcasing a mix of established, emerging, local, national and international artists with an emphasis on Indigenous and Latinx backgrounds.
Activities or mission (Part I)
516 ARTS forges connections between art and audiences by being an active partner in developing the cultural landscape of Albuquerque and New Mexico. 516 ARTS offers programs inspiring curiosity, dialogue, risk-taking and creative experimentation.
-
In 2023, 516 ARTS presented visual art exhibitions, performances, arts events, educational programs, workshops and public forums, in addition to arts activities with a regional collaboration of like-minded organizations.Educational outreach programs continued to flourish including school tours, workshops, and art education curriculum for teachers. Exhibits and programming reached a total direct audience of over 8,000 individuals and an indirect audience of over 100,000 who participated in social media or wereexposed to murals, radio and TV interviews and media coverage of 516 ARTS.Our 2023 audience mirrored the unique ethnic, socio-economic and cultural mix of New Mexico and we actively reached out to these populations through varied program themes, partnerships with arts and community organizations, targeted marketing, free admission and outreach programs around each exhibition.
Expenses $475,784 · Revenue $18,895
-
Fulcrum Fund516 ARTS' Fulcrum Fund grant program, part of the Regional Regranting Program of The Andy Warhol Foundation for the Visual Arts, provides grants to individual, unincorporated, local artists for their own independent art projects. 516 ARTS administers an annual process that includes a call for proposals and selection by guest jurors. This program aims serve as springboards for artistic processes that are adventurous, experimental and forward thinking, while celebrating projects that do not fit into the traditional museum and gallery systems.
Expenses $91,921 · Grants $88,050
As filed on the 2023 return.
Listed in Part VII
-
Suzanne Sbarge
Past Pres/ED
- Total calculated
- $87,993
- From this org
- $81,800
- From related orgs
- $0
- Other
- $6,193
- Hours/week
- 40
-
April Chalay
Interim Pres/ED
- Total calculated
- $41,659
- From this org
- $38,726
- From related orgs
- $0
- Other
- $2,933
- Hours/week
- 40
-
Danny Lopez
Past Chair
- Total calculated
- $0
- Hours/week
- 10
-
Tim Price
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Lauren Tresp
Past Vice Pres
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Black
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Helen Atkins
Past Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Gabriel Castro
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Shawna Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Arturo Sandoval
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jon vanGaasbeek
Director
- Total calculated
- $0
- Hours/week
- 1
-
Danyelle Means
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen Metzger
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Price
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pamela Weese Powell
Past Director
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422759349300532
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