The Art Base FY2024 filing

Tax-deductible

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

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.
78¢ of each $1 spent went to programs.
$101K 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

FY2024 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$101K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 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
$927K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$719K
-6% vs prior year
Spent
$799K
To programs
78%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$719K
FY2024▼ -6%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$654K
FY2023$763K
FY2024$719K
FY2025$1.5M
Expenses
$799K
FY2024▼ -5%
Expenses by fiscal year
FY2020$476K
FY2021$632K
FY2022$798K
FY2023$843K
FY2024$799K
FY2025$848K
Net assets
$1.2M
FY2024▼ -6%
Net assets by fiscal year
FY2020$849K
FY2021$1.5M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2025$1.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

78 cents of each dollar spent went to programs.

Program services 78% · $623K Management & general 15% · $122K Fundraising 7% · $54K

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

Who runs it and what they're paid

10 people listed on the 990; $101K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$101,236Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$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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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 $623K of program spending, described in the organization's own filed words · FY2024.
01

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.

$623Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$719K
Ln 12
Gifts and grantsLn 1h$595K
Fees for servicesLn 2g$71K
Other incomeLn 4–11$48K
Money outPt IX
$799K
Ln 25
Programscol B$623K
Managementcol C$122K
Fundraisingcol D$54K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$247K
Total assetsLn 16$2.1M
LiabilitiesLn 26$927K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$595K
Government grantsLn 1e$67K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$167K
Fees for servicesLn 2g$71K
Investment incomeLn 3$4K
Other incomeLn 4–11$48K
Total revenueLn 12$719K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$178K
Cash and savings togetherLn 1–2$247K
InvestmentsLn 11–13$5K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$9K
Total assetsLn 16$2.1M
LiabilitiesLn 26$927K
Net assetsLn 32$1.2M
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 FY24End FY24
Cash and savingsLn 1–2$263K$247K
InvestmentsLn 11–13$9K$5K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$968K$927K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$77K$15K$8K
Other salaries and wagesLn 7$303K$252K$33K$18K
Other employee benefitsLn 9$28K$21K$4K$2K
Payroll taxesLn 10$37K$31K$4K$2K
Accounting feesLn 11c$38K$38K
Other fees for servicesLn 11g$21K$17K$138$4K
Advertising and promotionLn 12$16K$9K$6K
Office expensesLn 13$32K$26K$4K$2K
Information technologyLn 14$16K$13K$2K$930
OccupancyLn 16$38K$31K$5K$2K
InterestLn 20$35K$29K$4K$2K
Depreciation, depletion and amortizationLn 22$87K$71K$10K$5K
InsuranceLn 23$13K$11K$2K$780
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$799K$623K$122K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$848K$673K$1.8M 990 PDF
FY2024 Viewing $719K$799K−$80K$1.2M 990 PDF
FY2023 $763K$843K−$81K$1.2M 990 PDF
FY2022 $654K$798K−$143K$1.3M 990 PDF
FY2021 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $719,142 across 11 lines filed
Lines not itemized here account for $16,047 of total revenue; see the IRS return.
VIII-1b Membership dues$193,011
VIII-1c Fundraising events$166,503
VIII-1e Government grants$67,400
VIII-1f All other contributions, gifts and grants$168,549
VIII-1g Noncash contributions (included above)$5,183
VIII-1h Total contributions, gifts and grants$595,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $71,250$71,250
VIII-3 Investment incomeExcluded from tax $4,496$4,496
VIII-6 Net rental income or lossExcluded from tax $23,212$23,212
VIII-8 Net income from fundraising eventsExcluded from tax $8,674$8,674
VIII-12 Total revenueRelated to mission $87,297 · Unrelated business $0 · Excluded from tax $36,382$719,142
Part IX · Statement of functional expenses $798,823 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $77,476 · Management $15,378 · Fundraising $8,382$101,236
IX-7 Other salaries and wagesPrograms $252,336 · Management $33,005 · Fundraising $17,991$303,332
IX-9 Other employee benefitsPrograms $21,104 · Management $4,189 · Fundraising $2,283$27,576
IX-10 Payroll taxesPrograms $30,568 · Management $4,474 · Fundraising $2,237$37,279
IX-11c Accounting feesManagement $38,299$38,299
IX-11g Other fees for servicesPrograms $17,071 · Management $138 · Fundraising $3,902$21,111
IX-12 Advertising and promotionPrograms $9,408 · Fundraising $6,239$15,647
IX-13 Office expensesPrograms $26,294 · Management $3,848 · Fundraising $1,924$32,066
IX-14 Information technologyPrograms $12,714 · Management $1,861 · Fundraising $930$15,505
IX-16 OccupancyPrograms $30,785 · Management $4,505 · Fundraising $2,253$37,543
IX-20 InterestPrograms $28,739 · Management $4,206 · Fundraising $2,103$35,048
IX-22 Depreciation, depletion and amortizationPrograms $71,174 · Management $10,416 · Fundraising $5,208$86,798
IX-23 InsurancePrograms $10,658 · Management $1,560 · Fundraising $780$12,998
IX-24 Other expenses (24a–d)Programs $34,385$34,385
IX-25 Total functional expensesPrograms $622,712 · Management $121,879 · Fundraising $54,232$798,823
Part X · Balance sheet $2,092,377 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $117,575$68,727
X-2 Savings and temporary cash investmentsStart of year $145,294$178,427
X-3 Pledges and grants receivableStart of year $15,650$8,649
X-4 Accounts receivableStart of year $5,279$81
X-8 Inventories for sale or useStart of year $2,414$3,167
X-9 Prepaid expenses and deferred chargesStart of year $1,993$433
X-10c Land, buildings and equipment, netStart of year $1,905,103$1,818,603
X-11 Publicly traded securitiesStart of year $9,456$5,071
X-14 Intangible assets$0
X-15 Other assetsStart of year $9,285$9,219
X-16 Total assetsStart of year $2,212,049$2,092,377
X-17 Accounts payable and accrued expensesStart of year $11,456$15,150
X-19 Deferred revenueStart of year $1,750$2,356
X-25 Other liabilitiesStart of year $2,347$2,347
X-26 Total liabilitiesStart of year $968,256$927,350
X-27 Net assets without donor restrictionsStart of year $1,106,432$982,437
X-28 Net assets with donor restrictionsStart of year $137,361$182,590
X-32 Total net assets or fund balancesStart of year $1,243,793$1,165,027
X-33 Total liabilities and net assetsStart of year $2,212,049$2,092,377
Part XI · Reconciliation of net assets $1,165,027 net assets at year end
XI-1 Total revenue$719,142
XI-2 Total expenses$798,823
XI-3 Revenue less expenses−$79,681
XI-4 Net assets at start of year$1,243,793
XI-5 Net unrealized gains (losses) on investments−$112
XI-6 Donated services and use of facilities$1,027
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,165,027

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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