The Art Base FY2022 filing

Basalt, CO · Public charity (501(c)(3)) · Since 2004 · Arts & Culture

✓ Tax-deductible
Revenue
$654K
-48% vs prior year
Spent
$798K
To programs
84%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$654K
FY2022▼ -48%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$654K
FY2023$763K
FY2024$719K
FY2025$1.5M
Expenses
$798K
FY2022▲ +26%
Expenses by fiscal year
FY2020$476K
FY2021$632K
FY2022$798K
FY2023$843K
FY2024$799K
FY2025$848K
Net assets
$1.3M
FY2022▼ -10%
Net assets by fiscal year
FY2020$849K
FY2021$1.5M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2025$1.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Art Base
EINHdr · item D20-1188479
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2005
Year of formationHdr · item L2004
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CBasalt, CO
NTEE classificationIRS BMFArts & Culture (A40)
WebsiteHdr · item Jtheartbase.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.11 Fundraising $0.05
Program services84%$674K
Management & general11%$85K
Fundraising5%$39K
Total functional expensesLn 25$798K

Financial health

Is it on solid ground?

Program efficiency
84%
of spending reaches programs
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$2.6M
FY2022▼ -9%
Total assets by fiscal year
FY2020$2.2M
FY2021$2.8M
FY2022$2.6M
FY2023$2.2M
FY2024$2.1M
FY2025$2.2M
Total liabilities
$1.2M
FY2022▼ -8%
Total liabilities by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.2M
FY2023$968K
FY2024$927K
FY2025$323K
Revenue less expensesPt I · Ln 19−$143K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$491K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$1.3M
Months of cash on handcomputed7.4

Statement of Revenue

Part VIII
Contributions & grants$389K · 59%
Other revenue$200K · 31%
Program service revenue$65K · 10%
Contributions & grants59%$389K
Other revenue31%$200K
Program service revenue10%$65K
Investment income$202
— government grantsLn 1e$55K
Total revenueLn 12$654K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $491K · Operating expenses/yr $798K
7.4 months
Where the money goes
Program services
Program services $674K · Total expenses $798K
84%
Management & General
Management & general $85K · Total expenses $798K
11%
Fundraising
Fundraising $39K · Total expenses $798K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $801K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $389K · Total revenue $654K
59%
Government reliance
Government grants $55K · Total revenue $654K
8%
Earned-income share
Program service revenue $65K · Total revenue $654K
10%
Investment reliance
Investment income $202 · Total revenue $654K
+0.03%
Program self-sufficiency
Program service revenue $65K · Total expenses $798K
8%
Growth & trend
Revenue growth (YoY)
This year $654K · Prior year $1.2M
-48%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $654K · Expenses $798K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
—
Net-asset ratio
Net assets $1.3M · Total assets $2.6M
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Skye Skinner · Reported title Executive Director · Highest reported compensation $114K · Total expenses $798K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $457K · Total expenses $798K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%——
Overhead ratio 11%——
Fundraising cost ratio 10%——
Revenue growth -48%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$114,433Pt 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.

See The Art Base executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Nurtures creativity with visual arts for all ages and abilities.

Provided by the organization

This section is blank until The Art Base claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $674K of program spending, described in the organization's own filed words · FY2022.
01

To support local arts and artisans 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 excellence and unique learning skills.

$674Kprogram 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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.5M$848K+111% 990 PDF
FY2024 $719K$799K-6% 990 PDF
FY2023 $763K$843K+17% 990 PDF
FY2022 Viewing $654K$798K-48% 990 PDF
FY2021 $1.2M$632K-5% 990 PDF
FY2020 $1.3M$476K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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