2024-02-26T07:23:34-06:00 2023-10-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2022-11-01 900146728 SPRUCE PEAK ARTS CENTER FOUNDATION INC SPRU 8027604635 122 HOURGLASS DRIVE STOWE VT 05672 BARRY PIUS TREASURER 8027604635 2024-02-23 1 BARRY PIUS 999009999 0 CONNIE FELLION P01875413 8026581808 2024-02-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARRY PIUS 122 HOURGLASS DRIVE STOWE VT 05672 1429627 0 X WWW.SPRUCEPEAKARTS.ORG X 2004 VT THE PROMOTION OF CULTURAL, EDUCATIONAL, AND CHARITABLE ACTIVITIES WITHIN THE COMMUNITY. 10 10 15 47 0 0 1477236 796287 296121 561955 561 19546 32490 33140 1806408 1410928 0 0 0 0 559998 826099 0 0 389815 724456 1068144 1284454 1894243 521954 -483315 6956009 6594795 105854 227955 6850155 6366840 X SEE SCHEDULE OTHE MISSION OF THE SPRUCE PEAK ARTS CENTER FOUNDATION IS TO BE THE LEADING YEAR-ROUND PRESENTER OF PERFORMING ARTS, FILM, EDUCATIONAL, AND FAMILY PROGRAMS FOR STOWE, VT AND NEIGHBORING COMMUNITIES. THROUGH PROGRAMS OF THE HIGHEST QUALITY IN DANCE, MUSIC, THEATRE, AND OPERA WE ENSURE A DIVERSITY OF TALENT ON THE STAGE AND SCREEN OF OUR WORLD-CLASS THEATER. OUR GOAL IS TO PRESENT A VARIETY OF PROGRAMS THAT INSPIRE, EDUCATE, AND ENTERTAIN ALL AGES AND INTERESTS. 0 0 1354767 501627 THROUGH PROGRAMS OF THE HIGHEST QUALITY IN DANCE, MUSIC, THEATRE, AND OPERA WE ENSURE A DIVERSITY OF TALENT ON THE STAGE AND SCREEN OF OUR WORLD-CLASS THEATER. OUR GOAL IS TO PRESENT A VARIETY OF PROGRAMS THAT INSPIRE, EDUCATE, AND ENTERTAIN ALL AGES AND INTERESTS. 1354767 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 15 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 X THE ORGANIZATION 8027604635 122 HOURGLASS DRIVE STOWE VT 05672 DIANNE BROWN CHAIR 1.00 X X 0 0 0 MIRZA CAVALIC VICE CHAIR 1.00 X X 0 0 0 BARRY PIUS TREASURER 1.00 X X 0 0 0 JILL WITTEN SECRETARY 1.00 X X 0 0 0 ANDREW CHMURA DIRECTOR 1.00 X 0 0 0 SAM GAINES DIRECTOR 1.00 X 0 0 0 DEAN GOODERMOTE DIRECTOR 1.00 X 0 0 0 LISA HAGERTY DIRECTOR 1.00 X 0 0 0 CAREN MERSON DIRECTOR (START 2023) 1.00 X 0 0 0 LISA MCGOVERN DIRECTOR 1.00 X 0 0 0 JEFF CLARKE DIRECTOR (END 2023) 1.00 X 0 0 0 HOPE SULLIVAN EXECUTIVE DIRECTOR (END 05/23) 40.00 X 115850 0 20428 SETH SOLOWAY EXECUTIVE DIRECTOR (START 09/23) 40.00 X 0 0 0 115850 0 20428 1 0 0 0 0 796287 796287 TICKET SALES 711190 443523 443523 RENTAL 711190 60328 60328 OTHER REVENUE 711190 58104 58104 561955 31185 31185 33140 0 33140 33140 33140 7060 18699 -11639 -11639 -11639 1410928 501627 0 113014 X 89815 53595 11323 24897 631076 376577 79562 174937 47816 28533 6028 13255 57392 34247 7236 15909 13783 11026 2757 9250 9250 266175 138143 22049 105983 20469 12203 8266 171197 171197 17693 17693 224342 224342 59516 59516 ARTIST FEES 145328 145328 IT AND TELEPHONE 40970 23763 2135 15072 MISCELLANEOUS 34119 17717 436 15966 EQUIPMENT PURCHASES AND 30696 25697 4999 0 34606 15190 3886 15530 1894243 1354767 149661 389815 170087 134187 978336 144803 83500 36400 50655 31105 1779 34564 51010 8629538 3215105 5638867 5414433 781078 6956009 6594795 74714 143514 31140 84441 105854 227955 X 6680755 6265980 169400 100860 6850155 6366840 6956009 6594795 -483315 0 X 1 X 0 1 0 X 659520 644825 911883 1477236 796287 4489751 330187 198019 52177 264822 501627 1346832 42587 32854 21425 31299 60328 188493 1032294 875698 985485 1773357 1358242 6025076 442876 493000 559707 1027358 629403 3152344 65215 8743 73958 508091 501743 559707 1027358 629403 3226302 2798774 37 15 31858 33051 64325 129286 37 15 31858 33051 64325 129286 1032331 875713 1017343 1806408 1422567 6154362 0.45480 0.45120 0.02100 0.01090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 322775 322775 7618199 2568515 5049684 688564 646590 41974 5414433 X 1360846 50108 50108 1310738 100190 100190 1410928 1844161 50108 50108 1794053 100190 100190 1894243 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AS A PUBLIC CHARITY AND IS NOT A PRIVATE FOUNDATION. NONE OF ITS PRESENT OR ANTICIPATED FUTURE ACTIVITIES ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXES; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE FOUNDATION HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE FOUNDATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE OCTOBER 31, 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS 100,190. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS 100,190. FORM 990, PART VI, SECTION B, LINE 11B MONITORS USING STANDARD OPERATING PRACTICES FORM 990, PART VI, SECTION B, LINE 15 MONITORS USING STANDARD OPERATING PRACTICES FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS KEPT ON FILE AND IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 88,424. MANAGEMENT AND GENERAL EXPENSES 19,649. FUNDRAISING EXPENSES 88,421. TOTAL EXPENSES 196,494. BANK FEES: PROGRAM SERVICE EXPENSES 15,146. MANAGEMENT AND GENERAL EXPENSES 1,030. FUNDRAISING EXPENSES 3,787. TOTAL EXPENSES 19,963. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 34,573. MANAGEMENT AND GENERAL EXPENSES 1,370. FUNDRAISING EXPENSES 13,775. TOTAL EXPENSES 49,718.