Site Santa Fe

What it reported doing in 2024

Exhibitions: throughout its exhibition program, site santa fe explores a rich span of cultural perspectives and makes contemporary art accessible to diverse audiences. Selected exhibitions presented at site santa fe this year included:"carmen herrera: i'm nobody! Who are you?" - "i'm nobody! Who are you?" is a solo exhibition by cuban-born american abstract minimalist artist carmen herrera (1915-2022). For over eight decades, herrera dedicated herself to exploring abstraction through minimalist principles, striving for what she believed to be the most basic and pure visual solutions; she simplified her compositions to shape, line, and vibrant color."erin shirreff: folded stone" - translation is the key maneuver in the work of erin shirreff (b. 1975), who poses fundamental questions about how art is received and remembered. Though trained as a sculptor, shirreff tends to draw on other disciplines, revealing how sculpture's defining traits - real space, live encounter - can materialize across formats."arturo herrera: you are here" - for more than 30 years, german-based venezuelan-born artist arturo herrera has dedicated himself to investigating and understanding the complex histories and influences of abstraction and modernist visual languages. You are here is his first solo exhibition in New Mexico, featuring works that span almost three decades, from 1998 to today."teresita fernandez / robert smithson" - artist-led and conceptually driven, "teresita fernandez / robert smithson" is a subjective, intergenerational conversation between two artists. It is initiated by teresita fernandez's long-term engagement with challenging socially constructed ideas about place and landscape and by her immersive research on robert smithson's art and ideas."etched in light: billboard project" - "etched in light" channels the affective energies of lie-ins, die-ins, and the historic names project AIDS memorial quilt. These billboards embody the presence of trans* and nonbinary bodies, capturing moments of intimacy, resilience, and tender connection."tristan duke: glacial optics" - tristan duke draws on insights from both art and science to capture images of a planet on the brink. Recognized for his innovations in photography, video, and experimental media, duke makes frequent use of visual technologies of his own invention."cassils: movements" - cassils's work positions their body as both the raw material and protagonist of their performances. For the canadian-born, New York- and los angeles-based artist, performance is a form of social sculpture, reflecting how bodies are shaped by external forces and social expectations."erika wanenmacher: what time travel feels like, sometimes" - erika wanenmacher uses autobiography and visual storytelling to unravel universal narratives. The New Mexico-based artist's studio practice is influenced by a punk and diy ethos, with unexpected materials sourced from thrift stores, dumps, and walks through nearby arroyos - sites where history, memory, and imagination converge.

Financial Efficiency

• Mission deployment rate: 62.5%; rating input score 62
• Program expense ratio: 65%; rating input score 65
• Fundraising efficiency: $8.66 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: Scored; rating input score 0
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 31%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 4.92; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 78; 78th percentile among comparable filings
• Officer compensation ratio: 10.5%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
• Revenue growth: -2.5% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings