The Art Base FY2021 filing

Tax-deductible

Basalt, CO501(c)(3)Since 2004Arts & CultureEIN 20-1188479

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To support local artists and craftspeople in our community by providing public exhibition and artmaking opportunities. To foster creative expression through the visual arts for learners of all ages and abilities. to provide programs and a learning environment committed to acceptance, accessibility, and unique learning skills.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$106K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $305K a year · 29% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $50K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-5% vs prior year
Spent
$632K
To programs
84%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$1.2M
FY2021▼ -5%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$654K
FY2023$763K
FY2024$719K
FY2025$1.5M
Expenses
$632K
FY2021▲ +33%
Expenses by fiscal year
FY2020$476K
FY2021$632K
FY2022$798K
FY2023$843K
FY2024$799K
FY2025$848K
Net assets
$1.5M
FY2021▲ +73%
Net assets by fiscal year
FY2020$849K
FY2021$1.5M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2025$1.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $532K Management & general 11% · $69K Fundraising 5% · $31K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$105,535Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Annie Henninger’s $111K as Executive Director is at the 41st percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Skye Skinner———$114,433$105,535$62,625
Annie Henninger$111,316$101,236————
Lisa Delosso——$107,475———
Genna Moe—————$31,822

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Nurtures creativity with visual arts for all ages and abilities.

Provided by the organization

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1 program service account for $532K of program spending, described in the organization's own filed words · FY2021.
01

To foster creative expression through the visual arts for learners of all ages and abilities. To provide programs and a learning environment committed to excellence and unique learning skills. Approximately 11,000 people benefitted from our programs.

$532Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$50K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$132K
Fees for servicesLn 2g$77K
Money outPt IX
$632K
Ln 25
Programscol B$532K
Managementcol C$69K
Fundraisingcol D$31K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$555K
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$66K
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$77K
Investment incomeLn 3$88
Other incomeLn 4–11$132K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$158K
SavingsLn 2$396K
Cash and savings togetherLn 1–2$555K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$17K
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 555
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$405K$555K
Land, buildings, equipmentLn 10c$3K$1.9M
Total assetsLn 16$2.2M$2.8M
LiabilitiesLn 26$1.4M$1.3M
Net assetsLn 32$849K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$106K$90K$9K$6K
Other salaries and wagesLn 7$212K$187K$15K$10K
Other employee benefitsLn 9$17K$15K$1K$994
Payroll taxesLn 10$26K$22K$2K$1K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$31K$31K$106$26
Advertising and promotionLn 12$16K$13K$1K$3K
Office expensesLn 13$26K$23K$2K$1K
Information technologyLn 14$15K$13K$1K$869
OccupancyLn 16$41K$35K$4K$2K
InterestLn 20$52K$44K$5K$3K
Depreciation, depletion and amortizationLn 22$24K$21K$2K$1K
InsuranceLn 23$11K$9K$943$634
Other expenses (24a–d)Ln 24$29K$29K
Total functional expensesLn 25$632K$532K$69K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$848K$673K$1.8M 990 PDF
FY2024 $719K$799K−$80K$1.2M 990 PDF
FY2023 $763K$843K−$81K$1.2M 990 PDF
FY2022 $654K$798K−$143K$1.3M 990 PDF
FY2021 Viewing $1.2M$632K$618K$1.5M 990 PDF
FY2020 $1.3M$476K$843K$849K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,249,612 across 10 lines filed
Lines not itemized here account for $54,520 of total revenue; see the IRS return.
VIII-1b Membership dues$242,729
VIII-1e Government grants$66,257
VIII-1f All other contributions, gifts and grants$731,423
VIII-1g Noncash contributions (included above)$9,000
VIII-1h Total contributions, gifts and grants$1,040,409
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,151$77,151
VIII-3 Investment incomeExcluded from tax $88$88
VIII-6 Net rental income or lossRelated to mission $19,947$19,947
VIII-8 Net income from fundraising eventsExcluded from tax $57,497$57,497
VIII-12 Total revenueRelated to mission $151,618 · Unrelated business $0 · Excluded from tax $57,585$1,249,612
Part IX · Statement of functional expenses $631,725 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,705 · Management $9,498 · Fundraising $6,332$105,535
IX-7 Other salaries and wagesPrograms $187,218 · Management $14,634 · Fundraising $9,895$211,747
IX-9 Other employee benefitsPrograms $14,527 · Management $1,479 · Fundraising $994$17,000
IX-10 Payroll taxesPrograms $21,811 · Management $2,221 · Fundraising $1,494$25,526
IX-11c Accounting feesManagement $25,164$25,164
IX-11g Other fees for servicesPrograms $31,202 · Management $106 · Fundraising $26$31,334
IX-12 Advertising and promotionPrograms $12,518 · Management $1,275 · Fundraising $2,553$16,346
IX-13 Office expensesPrograms $22,921 · Management $2,106 · Fundraising $1,416$26,443
IX-14 Information technologyPrograms $12,685 · Management $1,291 · Fundraising $869$14,845
IX-16 OccupancyPrograms $35,430 · Management $3,607 · Fundraising $2,426$41,463
IX-20 InterestPrograms $44,221 · Management $4,502 · Fundraising $3,028$51,751
IX-22 Depreciation, depletion and amortizationPrograms $20,855 · Management $2,123 · Fundraising $1,428$24,406
IX-23 InsurancePrograms $9,263 · Management $943 · Fundraising $634$10,840
IX-24 Other expenses (24a–d)Programs $29,325$29,325
IX-25 Total functional expensesPrograms $531,681 · Management $68,949 · Fundraising $31,095$631,725
Part X · Balance sheet $2,805,955 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $6,080$158,493
X-2 Savings and temporary cash investmentsStart of year $398,572$396,492
X-3 Pledges and grants receivableStart of year $93,250$285,333
X-4 Accounts receivable$688
X-9 Prepaid expenses and deferred chargesStart of year $2,495$1,306
X-10c Land, buildings and equipment, netStart of year $3,452$1,946,676
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,722,901$16,967
X-16 Total assetsStart of year $2,226,750$2,805,955
X-17 Accounts payable and accrued expensesStart of year $40,818$28,890
X-19 Deferred revenue$1,150
X-25 Other liabilitiesStart of year $2,347$2,347
X-26 Total liabilitiesStart of year $1,377,334$1,338,652
X-27 Net assets without donor restrictionsStart of year $533,274$862,525
X-28 Net assets with donor restrictionsStart of year $316,142$604,778
X-32 Total net assets or fund balancesStart of year $849,416$1,467,303
X-33 Total liabilities and net assetsStart of year $2,226,750$2,805,955
Part XI · Reconciliation of net assets $1,467,303 net assets at year end
XI-1 Total revenue$1,249,612
XI-2 Total expenses$631,725
XI-3 Revenue less expenses$617,887
XI-4 Net assets at start of year$849,416
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,467,303

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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