Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
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
49 people listed on the 990; $344K paid to officers and key staff.
Peter Palermo’s $196K as Executive Director is at the 83rd 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Peter Palermo | $196,143 | $213,315 | $203,641 | $201,997 | $150,054 | $170,396 |
| Julie Plowman | $132,364 | $138,009 | $140,531 | $148,820 | $103,155 | $122,504 |
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
Preserves and operates a historic concert hall to provide accessible, life-changing music and art experiences that strengthen the community.
Questions for The Sheldon Arts Foundation
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Musical and Educational Programs
The sheldon seeks to present quality music in many diverse genres. 47 in person concerts this year were successfully presented in the historic sheldon concert hall and outdoor plaza to approximately 17,628 patrons. We also virtually streamed a concert featuring steep canyon rangers for a paying audience in the fall of 2022.
Community Events and Beverage
Begin to rebound, with some delayed recovery because rental events traditionally book a year in advance.
Preservation and operation of the historic sheldon concert hall.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.0M | $1.3M |
| InvestmentsLn 11–13 | $2.4M | $3.1M |
| Land, buildings, equipmentLn 10c | $12.5M | $12.3M |
| Total assetsLn 16 | $18.9M | $17.7M |
| LiabilitiesLn 26 | $963K | $655K |
| Net assetsLn 32 | $18.0M | $17.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1K | $1K | ||
| Pay of current officers, directors and key staffLn 5 | $364K | $175K | $153K | $35K |
| Other salaries and wagesLn 7 | $953K | $529K | $227K | $197K |
| Pension plan contributionsLn 8 | $9K | $6K | $2K | $2K |
| Other employee benefitsLn 9 | $135K | $78K | $29K | $27K |
| Payroll taxesLn 10 | $111K | $60K | $31K | $20K |
| Legal feesLn 11b | $19K | $4K | $9K | $6K |
| Accounting feesLn 11c | $46K | $2K | $27K | $18K |
| Investment management feesLn 11f | $14K | $14K | ||
| Other fees for servicesLn 11g | $243K | $154K | $53K | $36K |
| Advertising and promotionLn 12 | $151K | $59K | $63K | $29K |
| Office expensesLn 13 | $417K | $363K | $44K | $10K |
| OccupancyLn 16 | $155K | $138K | $17K | |
| InterestLn 20 | $6K | $5K | $1K | |
| Depreciation, depletion and amortizationLn 22 | $646K | $568K | $77K | |
| InsuranceLn 23 | $99K | $87K | $12K | |
| Other expenses (24a–d)Ln 24 | $1.0M | $866K | $183K | |
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $4.4M | $3.1M | $759K | $563K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $5.1M | $4.4M | $703K | $20.3M | 990 PDF |
| FY2024 | $6.6M | $4.1M | $2.5M | $19.5M | 990 PDF |
| FY2023 Viewing | $3.3M | $4.4M | −$1.1M | $17.0M | 990 PDF |
| FY2022 | $4.1M | $3.9M | $258K | $18.0M | 990 PDF |
| FY2021 | $2.9M | $2.7M | $206K | $18.1M | 990 PDF |
| FY2020 | $3.5M | $3.5M | $77K | $17.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $3,320,010 revenue, 12 lines filed
Part VI · Governance 41 of 41 board members independent, no flags
Part VIII · Statement of revenue $3,320,010 across 12 lines filed
Part IX · Statement of functional expenses $4,419,899 across 18 lines filed
Part X · Balance sheet $17,666,116 assets, 18 lines filed
Part XI · Reconciliation of net assets $17,011,202 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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