Overview
What is Sheridan Arts Foundation?
The Sheridan Arts Foundation, established in 1991 as a 501(C)(3) nonprofit organization, is dedicated to enriching the cultural landscape of Telluride, Colorado. Their primary mission involves the preservation and restoration of the historic Sheridan Opera House, transforming it into a vibrant arts and cultural hub for the community. The foundation additionally brings high-caliber arts and cultural events to the area, offering a diverse array of experiences for both locals and visitors. Recognizing the importance of nurturing young talent, the Sheridan Arts Foundation also provides youth with opportunities to engage with the arts through educational programs. Beyond these initiatives, they have successfully hosted over 10,000 people at various events and shows, and 110 N Oak LLC Bar Operations has supported their cause through 18 rental events.
Official website here: www.sheridanoperahouse.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Sheridan Arts Foundation has received an 81% rating from Charity Navigator, reflecting a solid commitment to accountability and finance. This rating is based entirely on the Accountability & Finance beacon, indicating that the organization is well-managed in its financial practices.
Strengths of the foundation include a fully independent board with 85% of its members being independent, strong policies on conflict of interest, whistleblowing, and document retention. The organization also shows no material diversion of assets, maintaining a healthy liabilities-to-assets ratio of 22.38% and an impressive program expense ratio of 82.15%, demonstrating that a significant portion of its funds is directed towards its programs.
While the rating is favorable, it is essential for potential donors to consider that the overall score is solely based on financial metrics. Hence, assessing the foundation's impact and program effectiveness may require additional insights beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Sheridan Arts Foundation?
92% of 87 reviewers on Facebook recommend Sheridan Arts Foundation. Here is a summary of their reviews:
Many patrons appreciate the distinctiveness of the venue, highlighting it as one of the most remarkable places for performances they have encountered. The atmosphere and unique characteristics of the location contribute significantly to their positive experiences. Overall, visitors find the shows to be enjoyable and memorable, emphasizing the foundation's ability to provide a one-of-a-kind artistic experience.
This positive sentiment indicates that the Sheridan Arts Foundation successfully delivers engaging events that resonate with its audience, making it a cherished spot for arts lovers.
This AI summary has been generated from reviews found on Facebook.
Is Sheridan Arts Foundation legitimate?
Sheridan Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheridan Arts Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $235,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $283,694
For more financial information, click here
Official website here: www.sheridanoperahouse.com
What is the mission statement of Sheridan Arts Foundation?
The Sheridan Arts Foundation, established in 1991 as a non-profit organization, has a mission to restore and preserve a historic opera house as an arts and cultural resource for a community. This foundation is committed to bringing quality arts and cultural events to the community and providing local and national youth with access to the arts through educational programs. By doing so, they aim to promote the performing arts and contribute to the opera house's operations. Over 10,000 individuals have benefited from the events and shows offered at the opera house, with additional events held by a local business operating at the venue.
Official website here: www.sheridanoperahouse.com
Who is the CEO of Sheridan Arts Foundation?
Steven Palamar is the Director of Sheridan Arts Foundation.
Official website here: www.sheridanoperahouse.com
What is the revenue of Sheridan Arts Foundation?
Sheridan Arts Foundation's revenue in 2022 was $1,473,861.
Official website here: www.sheridanoperahouse.com
Who are the executives of Sheridan Arts Foundation and what are their salaries?
There 75 volunteers at Sheridan Arts Foundation.
Here are 8 key members and their salaries:
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- Compensation: $122,167
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- Compensation: $127,817
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Official website here: www.sheridanoperahouse.com
Where can I find the form 990 for Sheridan Arts Foundation?
Sheridan Arts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sheridanoperahouse.com
Learn more at the official website: www.sheridanoperahouse.com
Mission Statement of Sheridan Arts Foundation
The Sheridan Arts Foundation, established in 1991 as a 501(c)(3) non-profit organization, has a mission to restore and preserve the Historic Sheridan Opera House as a valuable arts and cultural resource for the community. This organization is dedicated to bringing high-quality arts and cultural events to Telluride, and it also prioritizes providing local and national youth with access to the arts through educational opportunities. By promoting performing arts and overseeing the operations of the Sheridan Opera House, the foundation has enabled over 10,000 individuals to participate in various events and shows. Additionally, 110 N Oak LLC's bar operations have hosted 18 rental events, in addition to the foundation's regular program events.
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Impact
July, 2024
Sheridan Arts Foundation positively impacts the Telluride community by restoring and preserving the historic Sheridan Opera House as a vital arts and cultural resource. It brings quality arts and cultural events to Telluride, providing both locals and national visitors with access to enriching experiences. Additionally, the foundation's commitment to arts education ensures that youth have valuable exposure to the arts, further enhancing their cultural awareness and creativity. Through its efforts, Sheridan Arts Foundation contributes to the vibrant arts scene in Telluride and fosters a sense of community enrichment and engagement.
This information is meant to be a general summary of Sheridan Arts Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $245
- Program Service Revenue: $535,338
- Gross Receipts: $1,658,860
Assets and Liabilities:
- Total Assets: $3,014,799
- Total Liabilities: $674,905
- Net Assets: $2,339,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT ADMISSIONS
Revenue
$362,390
FACILITY RENTALS
Revenue
$167,439
OTHER PROGRAM INCOME
Revenue
$5,509
Organization Details
Founding Year
1991
Phone
(970) 728-6363Principal Officer
Steven Palamar
Main Address
PO BOX 2680, TELLURIDE, CO, 81435
Website
www.sheridanoperahouse.comNTEE Category
Code: A60M - Arts
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