Ridgway Chautauqua Society INC EIN 45-4764455

Ridgway Chautauqua Society INC

EIN  45-4764455 Public charity (501(c)(3)) Ridgway, CO
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Size
$100K–1M
What they do
Promote lifelong learning, arts, culture, and community through Chautauqua traditions to boost regional economic vitality.
Leadership
Ashley King-Grambley · Executive Director · $52K
Money in and out
$415K revenue, $420K expenses
Bottom line
97% program efficiency

Promote lifelong learning, arts, culture, and community through Chautauqua traditions to boost regional economic vitality. For fiscal year 2024 it reported $415K in revenue, $420K in expenses, and $1.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$420K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program efficiency
97%
of spending reaches programs0% vs prior filing year
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▲ +91% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$415K
FY2024▲ +12%
Expenses
$420K
FY20240%
Total assets
$1.2M
FY2024▼ -2%
Total liabilities
$177K
FY2024▼ -8%
Total revenue
$415K
Pt VIII · Ln 12
Total expenses
$420K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $406K of program spending, described in the organization's own filed words · FY2024.
01

RCS produces over 100 varied programs each year, engaging hundreds of local and out-of-town talent and audience members. Our programming includes music performances, children's theater, adult theater, lectures, movies, art classes, trivia and game nights, comedy, literary events and more.

$406Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRidgway Chautauqua Society INC
EINHdr · item D45-4764455
Principal addressHdr · item CRidgway, CO
WebsiteHdr · item Jwww.sherbino.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFJun 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$52,200Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasuer
$0Pt VII · Sec A
$0Pt VII · Sec A

Ashley King-Grambley’s $52K as Executive Director is at the 46th percentile of top reported officer pay among 2213 $100K–1M 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.

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Statement of Revenue

Part VIII
Contributions & grants$266K · 64%
Program service revenue$113K · 27%
Other revenue$36K · 9%
Contributions & grants64%$266K
Program service revenue27%$113K
Other revenue9%$36K
Investment income$599
— government grantsLn 1e$10K
Total revenueLn 12$415K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program services97%$406K
Management & general3%$12K
Fundraising$2K
Total functional expensesLn 25$420K

Balance Sheet

Part X · end of year
CashLn 1$307K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$177K
Total net assetsLn 32$1.0M
Months of cash on handcomputed8.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $307K · Operating expenses/yr $420K
8.8 months
Where the money goes
Program services
Program services $406K · Total expenses $420K
97%
Management & General
Management & general $12K · Total expenses $420K
3%
Fundraising
Fundraising $2K · Total expenses $420K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $216K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $266K · Total revenue $415K
64%
Government reliance
Government grants $10K · Total revenue $415K
2%
Earned-income share
Program service revenue $113K · Total revenue $415K
27%
Investment reliance
Investment income $599 · Total revenue $415K
0%
Program self-sufficiency
Program service revenue $113K · Total expenses $420K
27%
Growth & trend
Revenue growth (YoY)
This year $415K · Prior year $372K
+12%
Revenue CAGR
FY2020 $269K · FY2024 $415K
+11%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $415K · Expenses $420K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.0M · Total assets $1.2M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ashley King-Grambley · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $52K · Total expenses $420K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $212K · Total expenses $420K
51%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 1%
Revenue growth 12%
Accounting fee ratio 2%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$415K revenue · viewing · ⤓ 990 PDF
FY2023$372K revenue · ⤓ 990 PDF
FY2022$389K revenue · ⤓ 990 PDF
FY2021$476K revenue · ⤓ 990 PDF
FY2020$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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