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Nonprofiteer
← SANTA FE ART INSTITUTE

Form 990 for tax year 2024

Filed by SANTA FE ART INSTITUTE.

Totals

Total revenue
$2,022,434
Total expenses
$1,026,437
Contributions and grants received
$1,675,380
Grants paid
$44,850
Program service revenue
$21,226
Investment income
$332,865
Other revenue
-$7,037
Total assets, end of year
$4,338,872
Total liabilities, end of year
$552,510
Net assets or fund balances, end of year
$3,786,362
Program services expenses (Part IX)
$650,952
Management and general expenses
$315,401
Fundraising expenses
$60,084
Program service expenses (Part III)
$650,952

Program services were 63.4% 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

    $63,916

  • 1e · Government grants (contributions)

    $171,740

  • 1f · All other contributions, gifts and grants

    $1,439,724

  • 1g · Noncash contributions included above

    $253,350

  • 2f · All other program service revenue

    total $21,226 · related or exempt $21,226

  • 3 · Investment income

    total $37,108 · excluded $37,108

  • 7a · Gross sales of assets other than inventory

    securities $295,757

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

    securities $0

  • 7c · Gain or loss

    securities $295,757

  • 7d · Net gain or loss

    total $295,757 · excluded $295,757

  • 8a · Fundraising events: gross income

    $20,115

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

    $63,916

  • 8b · Fundraising events: direct expenses

    $27,152

  • 8c · Net income from fundraising events

    total -$7,037 · excluded -$7,037

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $44,850 · program services $44,850

  • 5 · Compensation of officers, directors and key employees

    total $122,315 · program services $91,435 · management and general $24,463 · fundraising $6,417

  • 6 · Compensation of disqualified persons

    total $299,797 · program services $224,111 · management and general $59,959 · fundraising $15,727

  • 8 · Pension plan contributions

    total $5,249 · management and general $5,249

  • 9 · Other employee benefits

    total $48,567 · program services $15,393 · management and general $33,174

  • 10 · Payroll taxes

    total $24,276 · program services $19,421 · management and general $4,855

  • 11b · Fees: legal

    total $1,625 · program services $1,300 · management and general $325

  • 11c · Fees: accounting

    total $24,486 · program services $12,957 · management and general $11,529

  • 11g · Fees: other

    total $118,215 · program services $99,803 · management and general $9,206 · fundraising $9,206

  • 12 · Advertising and promotion

    total $1,870 · program services $667 · management and general $1,203

  • 13 · Office expenses

    total $134,021 · program services $104,046 · management and general $27,834 · fundraising $2,141

  • 17 · Travel

    total $11,075 · program services $5,537 · management and general $5,467 · fundraising $71

  • 19 · Conferences, conventions and meetings

    total $26,522 · fundraising $26,522

  • 20 · Interest

    total $13,622 · management and general $13,622

  • 22 · Depreciation, depletion and amortization

    total $112,503 · management and general $112,503

  • 23 · Insurance

    total $29,096 · program services $23,277 · management and general $5,819

  • 24a · Other expenses: FOOD SUPPLIES

    total $5,278 · program services $5,278

  • 24b · Other expenses: OTHER

    total $3,070 · program services $2,877 · management and general $193

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,026 · end of year $54,818

  • 2 · Savings and temporary cash investments

    beginning of year $111,118

  • 3 · Pledges and grants receivable

    beginning of year $52,240 · end of year $1,081,443

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

    $4,009,364

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

    $2,750,567

  • 10c · Land, buildings and equipment, net

    beginning of year $1,371,300 · end of year $1,258,797

  • 12 · Investments: other securities

    beginning of year $1,843,855 · end of year $1,834,894

  • 15 · Other assets

    beginning of year $30,840 · end of year $108,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,394 · end of year $23,958

  • 23 · Secured mortgages and notes payable

    beginning of year $499,900 · end of year $488,093

  • 25 · Other liabilities

    beginning of year $41,873 · end of year $40,459

  • 27 · Net assets without donor restrictions

    beginning of year $1,145,567 · end of year $2,004,692

  • 28 · Net assets with donor restrictions

    beginning of year $1,721,645 · end of year $1,781,670

Mission and programs · 2024

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 $413,556 · Grants $44,850 · Revenue $21,226

  • 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.

  • SFAI IS ALSO THE PARENT ORGANIZATION OF THE MIDTOWN ARTS AND DESIGN ALLIANCE (MADA), A COLLABORATION OF OVER 10 TRUSTED LOCAL AND REGIONAL NON-PROFITS AND CULTURAL INSTITUTIONS, IS A ONCE-IN-A-GENERATION OPPORTUNITY FOR SIGNIFICANT INVESTMENT IN SANTA FE'S CREATIVE COMMUNITY, LOCATED AT ITS GEOGRAPHICAL CENTER, MIDTOWN.

    Expenses $237,396 · Revenue $1,418,693

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

Listed in Part VII

  • Elizabeth Burden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Martinez

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Payne

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marie Wilkinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Zilar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Landy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nicole Feliz Okumu

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karin Fyhrie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Zachary Leonard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jamie Blosser

    EXECUTIVE DIRECTOR

    Total calculated
    $122,315
    From this org
    $122,315
    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.

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.

  • MIDTOWN ARTS AND DESIGN ALLIANCE

    ART PROGRAM · NM · income $1,418,693 · assets $1,247,715

    Directly controlled by SANTA FE ART INSTITUTE INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349323091

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