Steamboat Springs Center for Visual Arts Inc
Nonprofit profile at a glance
- EIN
- 264154181
- IRS 990-EZ coverage
- 2010–2017
- Forms available
- Form 990-EZ 2017
- Location
- Steamboat Springs, CO, USA
- Phone
- 9708467062
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $117,990
- Expenses
- $126,672
- Assets
- $34,432
- Liabilities
- $15,713
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Linda Laughlin (President)
People named in this filing
- Anna Lee Lipman (Director)
- Al Reiner (Director)
- George Fargo (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Organization's primary exempt purpose is to be an educational community resource for the understanding and appreciation of the visual arts and a source of inspiration, encouragement, and professional career development for community artists and residents.
What it reported doing in 2017
Emerging Artist Program (EAP): Cooperative member-based emerging artists' gallery and public art appreciation venue at 837 Lincoln Avenue, Steamboat Springs. Goals: 1) provide a nurturing environment where emerging artists can exhibit their work without regard to the artist's commercial viability; 2) provide a support network for artists to connect with their peers; 3) learn from observation and the experience of a professional Executive Director to improve on artistic technique, presentation of artwork, interaction with the public, and portfolio preparation for finding broader exposure in commercial galleries outside the region. The gallery hosts over 10,000 visitors annually and is the "must stop" venue for the First Friday Artwalk, averaging well over 500 art appreciators for this monthly event. Consistent with our mission, 70% of art sales revenue is returned to the artist, a significant economic stimulus to an underserved segment of the arts community in the Valley. Steamboat Springs First Friday Artwalk (SSFFA): Established in 2008, the CVA oversees the production and financial management of this exciting monthly city-wide event for the purpose of community art appreciation. It is only partially funded by program fees from 20 exhibiting member venues, including museums, galleries and alternative sites. Linda Laughlin, Exec. Director of the CVA, co-founder of First Friday Artwalk in 2008, wrote the artistic guidelines for the organization and has maintained the momentum of the event for the past eight years. It is the single most effective, free monthly arts event in the City of Steamboat Springs, bringing hundreds of visitors into the downtown area that helps provide economic support to local businesses. In 2017, the First Friday Artwalk brochure wrote stories and featured 12 local artists in its monthly publication. In 2017 we were proud to have two of our emerging artist members be selected as the winners of the cover artwork for the Yampa Valley Arts and Gallery Guide. Additionally, the work of one of our artists was selected as the poster artwork for the Annual Winter Carnival Festival.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 24
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.9%; rating input score 78
- Program expense ratio: 72.6%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -7.4%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: -2.2% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 77.9% of revenue deployed · 72.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $92K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2010 to 2017
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.