2024-11-07T22:45:22-05:00 2023-12-31 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2023-01-01 870340155 VISUAL ART INSTITUTE VISU 8014743796 PO BOX 522285 SALT LAKE CITY UT 84152 BRUCE ROBERTSON ART DIRECTOR 8014743796 2024-10-31 true true SHALAUN T HOWELL CPA P00969274 8012943155 2024-11-07 2023 2024-10-15 13:58:12Z BRUCE ROBERTSON PO BOX 522285 SALT LAKE CITY UT 84152 1019147 false X WWW.VISUALARTINSTITUTE.ORG X 1978 UT VISUAL ART INSTITUTE'S MISSION IS TO FOSTER AND NURTURE CREATIVE, ARTISTIC DEVELOPMENT AND PERSONAL GROWTH THROUGH HIGH QUALITY ART INSTRUCTION FOR ALL AGES, ABILITIES, AND BACKGROUNDS ALONG THE WASATCH FRONT. 8 8 11 96 0 286548 752185 251676 266962 -2433 -9676 0 535791 1009471 15 0 220171 254533 8975 22000 46919 284878 402568 514024 679116 21767 330355 1180984 1477841 1014212 980714 166772 497127 VISUAL ART INSTITUTE'S MISSION IS TO FOSTER AND NURTURE CREATIVE, ARTISTIC DEVELOPMENT AND PERSONAL GROWTH THROUGH HIGH QUALITY ART INSTRUCTION FOR ALL AGES, ABILITIES, AND BACKGROUNDS ALONG THE WASATCH FRONT. false false 555197 15 266962 THE ORGANIZATION FULFILLS ITS MISSION BY PROVIDING ART CLASSES TO KIDS, TEENS, AND ADULTS AND EDUCATIONAL COMMUNITY OUTREACH. IN 2023, VAI HELD 226 ART CLASSES OR WORKSHOPS, PROVIDED 37 SUMMER CAMPS, THREE 2-WEEK SESSIONS OF FIGURE ACADEMY, PROVIDED 163.5 HOURS OF COMMUNITY OUTREACH ART INSTRUCTION FOR 9 COMMUNITY PARTNERS, AND REACHED OVER 3,990 INDIVIDUALS THROUGH OUR ART PROGRAMS. 555197 true true false false false false false false false false true false false true true true true false true false false false false true false false false false false false false false false false false false false false true false false false false false false false false true 22 0 11 true false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false UT X X BRUCE ROBERTSON 8014743796 PO BOX 522285 SALT LAKE CITY UT 84152 HANA JANATOVA EXECUTIVE DI 40.00 X 53250 0 0 BRUCE ROBERTSON ART DIRECTOR 40.00 X 72000 0 3600 JASON WHEELER BOARD PRESID 1.50 X X 0 0 0 TAMARA COPIER VICE PRESIDE 2.60 X X 0 0 0 MARGARET GRIFFIN TREASURER/SE 3.50 X X 0 0 0 JULIE BERRY TREASURER 1.50 X X 0 0 0 LAURIE BRAY DIRECTOR 1.00 X 0 0 0 ELISE MURDOCK DIRECTOR 3.00 X 0 0 0 MICHAEL GREEN DIRECTOR 0.50 X 0 0 0 KELLY MURDOCK DIRECTOR 2.00 X 0 0 0 NOREEN ROECA DIRECTOR 0.75 X 0 0 0 SCOTT JENSEN DIRECTOR 0.50 X 0 0 0 125250 3600 false false false DARK PINE CONSTRUCTION 619 WEST 1620 SOUTH LEHI UT 84043 CONSTRUCTION 232573 1 74500 677685 52014 752185 TUITION AND FEES 611600 259019 259019 OTHER INCOME 900099 7943 7943 266962 9676 -9676 -9676 -9676 1009471 257286 X 15 15 128851 87105 26285 15461 105783 91181 14602 19899 15120 3468 1311 9980 9980 22000 22000 130607 126060 3637 910 9598 9598 15286 12100 2136 1050 144320 132671 8453 3196 3805 3805 366 366 27873 22878 3746 1249 15339 11655 2673 1011 SUPPLIES 25919 25865 54 DUES AND SUBSCRIPTIONS 8494 6687 1311 496 BANK AND MERCHANT FEES 7848 7848 SMALL EQUIPMENT 2740 2082 477 181 393 161 232 679116 555197 77000 46919 53087 51504 515 475 45000 78000 1797 15295 10013 7503 494473 65728 28964 428745 1041608 896319 1180984 1477841 25882 12323 46327 36153 8458 942003 923780 1014212 980714 X 117477 352784 49295 144343 166772 497127 1180984 1477841 X 330355 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 388568 19429 369139 105905 46299 59606 428745 RIGHT OF USE ASSET 896319 896319 LEASE LIABILITY 923780 923780 X 1018109 8638 8638 1009471 1009471 687754 8638 8638 679116 679116 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3), QUALIFYING FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) AND IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN IN ITS ANNUAL FILING AND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990 ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2020. SCHEDULE D, PAGE 4, PART XI, LINE 2D SCHOLARSHIPS 0 SCHEDULE D, PAGE 4, PART XII, LINE 2D SCHOLARSHIPS 0 true true true false true true true false false false false false false false false true false true SCHEDULE E, LINE 3 AS AN ORGANIZATION WITH A DEEP BELIEF IN THE TRANSFORMATIVE POWER OF ART, VISUAL ART INSTITUTE COMMITS TO SERVING AS A PLACE OF EQUITY, DIVERSITY, AND INCLUSION FOR EVERYONE IN OUR COMMUNITY. WE CHAMPION HUMAN EXPRESSION AND THE PURSUIT OF SOCIAL JUSTICE. SCHEDULE E, LINE 4 DURING THE YEAR, THE ORGANIZATION DID NOT TRACK THE RACIAL COMPOSITION OF ITS STUDENTS. HOWEVER, THE ORGANIZATION'S MANAGEMENT TEAM HAS IDENTIFIED THIS ERROR AND IS TAKING ACTION. SCHEDULE E, LINE 6 THE ORGANIZATION RECEIVED GOVERNMENT GRANTS AS DISCLOSED IN THE STATEMENT OF ACTIVITIES. THESE ARE NOT STUDENT FINANCIAL AID AWARDS. X true MIGHTY PENGUIN INC 2139 E WILMOTT DR SALT LAKE CITY UT 84109 false 22000 16000 6000 22000 16000 6000 X IT 2 1808 ESTIMATED FMV X MARKETING 1 4988 ESTIMATED FMV X EQUIPMENT 1 34150 ESTIMATED FMV X SUPPLIES 25 11068 ESTIMATED FMV false false false SCHEDULE M, PAGE 2, PART II THE ORGANIZATION IS REPORTING THE NUMBER OF DONATIONS (NOT THE NUMBER OF DONATED ITEMS). FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATIONS FORM 990 WAS PREPARED BY THE ORGANIZATIONS EXECUTIVE DIRECTOR AND TREASURER. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATIONS BOARD OF DIRECTORS FOR APPROVAL BEFORE IT WAS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION PROVIDES A COPY OF ITS CONFLICT-OF-INTEREST POLICY TO ALL BOARD MEMBERS AND MANAGEMENT DURING ONBOARDING. IN ADDITION, A COPY IS PROVIDED ANNUALLY. ALL BOARD MEMBERS AND MANAGEMENT ARE REQUIRED TO REVIEW THE POLICY AND SIGN A DISCLOSURE STATEMENT, WHICH ACKNOWLEDGES AND UNDERSTANDING OF THE POLICY AND DISCLOSES ANY POTENTIAL CONFLICTS OF INTEREST THEY ARE AWARE OF. ALL POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE EXECUTIVE COMMITTEE TO DETERMINE THE APPROPRIATE ACTION TO BE TAKEN TO ELIMINATE OR MITIGATE RISKS POSED BY THE CONFLICT. THE ORGANIZATION REQUIRES THAT BOARD MEMBERS WITH CONFLICT OF INTEREST BE RECUSED FROM THE DELIBERATION AND VOTING RELATED TO A TRANSACTION OR ACTION IN WHICH THEY MAY HAVE CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A AT THE TIME OR HIRE AND ON AN ANNUAL BASIS FOLLOWING, A COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES THE EXECUTIVE DIRECTORS COMPENSATION. THE ORGANIZATION REQUIRES THAT NO MEMBER OF THE COMMITTEE HAVE A CONFLICT OF INTEREST RELATED TO THE COMPENSATION ARRANGEMENT. THE COMMITTEE USES SALARY SURVEYS (INCLUDING THE UTAH NONPROFITS ASSOCIATION COMPENSATION SURVEY), PUBLICLY AVAILABLE 990S, AND OTHER INFORMATION FOR SIMILAR POSITIONS AND SIMILAR ORGANIZATIONS WITHIN THE REGION TO ESTABLISH A REASONABLE LEVEL OF COMPENSATION. THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS ITS DISCUSSIONS AND DECISIONS IN COMMITTEE MINUTES. THE ORGANIZATIONS VOTING BOARD MEMBERS DO NOT RECEIVE COMPENSATION FROM THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B AT THE TIME OR HIRE AND ON AN ANNUAL BASIS FOLLOWING, A COMMITTEE OF THE BOARD OF DIRECTORS ESTABLISHES THE ART DIRECTORS COMPENSATION. THE ORGANIZATION REQUIRES THAT NO MEMBER OF THE COMMITTEE HAVE A CONFLICT OF INTEREST RELATED TO THE COMPENSATION ARRANGEMENT. THE COMMITTEE USES SALARY SURVEYS (INCLUDING THE UTAH NONPROFITS ASSOCIATION COMPENSATION SURVEY), PUBLICLY AVAILABLE 990S, AND OTHER INFORMATION FOR SIMILAR POSITIONS AND SIMILAR ORGANIZATIONS WITHIN THE REGION TO ESTABLISH A REASONABLE LEVEL OF COMPENSATION. THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS ITS DISCUSSIONS AND DECISIONS IN COMMITTEE MINUTES. THE ORGANIZATIONS VOTING BOARD MEMBERS DO NOT RECEIVE COMPENSATION FROM THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE ORGANIZATIONS OFFICE. IN ADDITION, THE ORGANIZATIONS 990S FOR THE PAST SEVERAL YEARS ARE AVAILABLE THROUGH GUIDESTAR.ORG AND THE ORGANIZATIONS ARTICLES OF INCORPORATION ARE AVAILABLE THROUGH THE UTAH DEPARTMENT OF COMMERCE DIVISION OF CORPORATIONS AND COMMERCIAL CODE. FORM 990, PART IX, LINE 11G ART INSTRUCTORS 96,964 0 0 MODELS 5,595 0 0 OTHER 23,501 3,637 910 TOTAL 126,060 3,637 910 FORM 990, PART XI, LINE 9 SCHOLARSHIPS 0 SCHOLARSHIPS 0