Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 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
8 people listed on the 990; $267K paid to officers and key staff.
Ronatta Palamar’s $137K as Executive Director is at the 59th 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 |
|---|---|---|---|---|---|---|
| Ronatta Palamar | $136,900 | $129,116 | $119,117 | $127,817 | $103,043 | $107,000 |
| Steven Palamar | $129,980 | $120,749 | $105,167 | $122,167 | $100,875 | $121,000 |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Preserves a historic opera house, brings quality arts events, and provides youth arts education.
Questions for Sheridan Arts Foundation
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Promoting the performing arts and sheridan opera house operations. Over 20,000 people took advantage of the events and shows offered at the opera house.
Young people's theater is a diverse and flourishing center for young thespians that has an enrollment of over 200 children between ages 2 and 18 each year. The program fees are based on financial ability. Several classes are held throughout the year. Four full length musicals were presented over 13 shows at the opera house.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $246K | $520K |
| InvestmentsLn 11–13 | $992K | $752K |
| Land, buildings, equipmentLn 10c | $1.5M | $1.5M |
| Total assetsLn 16 | $2.8M | $2.8M |
| LiabilitiesLn 26 | $682K | $651K |
| Net assetsLn 32 | $2.1M | $2.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $278K | $155K | $62K | $60K |
| Other salaries and wagesLn 7 | $419K | $366K | $46K | $7K |
| Other employee benefitsLn 9 | $51K | $37K | $9K | $5K |
| Payroll taxesLn 10 | $64K | $49K | $9K | $6K |
| Accounting feesLn 11c | $33K | $33K | ||
| Other fees for servicesLn 11g | $340K | $340K | ||
| Advertising and promotionLn 12 | $26K | $26K | ||
| Office expensesLn 13 | $98K | $80K | $18K | $282 |
| Information technologyLn 14 | $720 | $720 | ||
| OccupancyLn 16 | $58K | $58K | ||
| TravelLn 17 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $5K | $5K | ||
| InterestLn 20 | $22K | $22K | ||
| Depreciation, depletion and amortizationLn 22 | $77K | $77K | ||
| InsuranceLn 23 | $35K | $29K | $6K | |
| Other expenses (24a–d)Ln 24 | $46K | $46K | ||
| Total functional expensesLn 25 | $1.6M | $1.3M | $188K | $79K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.6M | $1.6M | $42K | $2.2M | 990 PDF |
| FY2024 | $1.5M | $1.7M | −$128K | $2.1M | 990 PDF |
| FY2023 | $1.5M | $1.6M | −$86K | $2.3M | 990 PDF |
| FY2022 | $1.5M | $1.3M | $147K | $2.3M | 990 PDF |
| FY2021 | $1.7M | $1.1M | $670K | $2.2M | 990 PDF |
| FY2020 | $1.4M | $1.3M | $144K | $1.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,595,588 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $1,595,588 across 8 lines filed
Part IX · Statement of functional expenses $1,553,968 across 16 lines filed
Part X · Balance sheet $2,804,315 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,152,933 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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