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Nonprofit · EIN 43-1489756

THE SHELDON ARTS FOUNDATION

Tax-exempt · SAINT LOUIS, MO 63108

Financials

$3.3M$4.4M2022$6.6M$4.1M2023$5.1M$4.4M2024
Revenue Expenses · by fiscal year end
Financials of THE SHELDON ARTS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,056,014$4,352,969$703,045$21,524,041$1,178,501$20,345,540
June 30, 2024990$6,638,944$4,149,286$2,489,658$20,005,380$521,487$19,483,893
June 30, 2023990$3,320,010$4,419,899-$1,099,889$17,666,116$654,914$17,011,202
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,628,132
of which government grants
$102,791
Program service revenue
$704,558
Investment income
$37,967
Net rental income
$44,066
Net gain from sales of assets
-$154,268
Net income from fundraising events
-$52,380
Net income from sales of inventory
$363,984
Other revenue
$685,357

Expenses

Grants and similar amounts paid
$45,985
Compensation of officers, directors and key employees
$407,593
Other salaries and wages
$951,689
Salaries, compensation and benefits (total)
$1,616,167
Professional fundraising fees
$0
Legal fees
$8,300
Accounting fees
$32,500
Occupancy
$149,386
Depreciation
$675,736
Program services (functional)
$3,199,833
Management and general (functional)
$716,266
Fundraising (functional)
$436,870

Balance sheet and other

Total assets, start of year
$20,005,380
Total assets, end of year
$21,524,041
Total liabilities, end of year
$1,178,501
Net assets, end of year
$20,345,540
Land, buildings and equipment
$13,787,606
Publicly traded securities
$3,157,058
Net assets without donor restrictions
$12,248,750
Net assets with donor restrictions
$8,096,790
Gross unrelated business income
$312,261
Gross receipts
$6,236,393
Employees
69
Volunteers
75
Year formed
1989
State of legal domicile
MO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PETER PALERMOEXECUTIVE DIRECTOR
Officer
35$196,143$25,527
JULIE PLOWMANDEPUTY DIRECTOR/DIRECTOR OF FINANCE
Officer
35$132,364$28,035
CHERYL WALKERCHAIR
Trustee or director, Officer
1$0$0
CHRISTOPHER DANFORTHVICE CHAIR
Trustee or director, Officer
1$0$0
SUE ENGELHARDTVICE CHAIR
Trustee or director, Officer
1$0$0
DAVE GIFFORDVICE CHAIR
Trustee or director, Officer
1$0$0
TOM RUWITCHCHAIR - GOVERNANCE
Trustee or director, Officer
1$0$0
JERRY GRANTTREASURER/CHAIR - FINANCE
Trustee or director, Officer
1$0$0
MARY PATTERSONSECRETARY
Trustee or director, Officer
1$0$0
JAMES WATSONIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
ASHLEY CASEYCHAIR - FRIENDS BOARD
Trustee or director, Officer
1$0$0
RYAN C EASLEYCHAIR - DEVELOPMENT
Trustee or director, Officer
1$0$0
CHRIS J HAGEDORNCHAIR - FACILITIES
Trustee or director, Officer
1$0$0
ROBERT WILLCHAIR - PROGRAMMING
Trustee or director, Officer
1$0$0
ANNE BANNISTERCHAIR - MARKETING
Trustee or director, Officer
1$0$0
28 more people on this return
NameTitleHours / weekCompensation
YEMI AKANDE-BARTSCHBOARD MEMBER (TERM ENDED 6/25)
Trustee or director
1$0
KEVIN ALMBOARD MEMBER
Trustee or director
1$0
CHRISTY BECKMANNBOARD MEMBER
Trustee or director
1$0
SARAH BRAUERBOARD MEMBER (AS OF 5/25)
Trustee or director
1$0
ROBERT ENDICOTTBOARD MEMBER
Trustee or director
1$0
MARK HALTONBOARD MEMBER
Trustee or director
1$0
DAVID HOHMANBOARD MEMBER
Trustee or director
1$0
ROBERT JONESBOARD MEMBER
Trustee or director
1$0
MARTHA GARCIA KAMPENBOARD MEMBER (TERM ENDED 6/25)
Trustee or director
1$0
TAMARA KEEFEBOARD MEMBER
Trustee or director
1$0
NANCY KRANZBERGBOARD MEMBER (TERM ENDED 6/25)
Trustee or director
1$0
MADT MALLINCKRODTBOARD MEMBER
Trustee or director
1$0
RICHARD MARRIOTT JRBOARD MEMBER
Trustee or director
1$0
JURI MCDOWELL MDBOARD MEMBER (TERM ENDED 1/25)
Trustee or director
1$0
JACK MUSGRAVEBOARD MEMBER
Trustee or director
1$0
NINA NEEDLEMANBOARD MEMBER
Trustee or director
1$0
PETER NOONANBOARD MEMBER
Trustee or director
1$0
MAURICE QUIROGABOARD MEMBER
Trustee or director
1$0
DR RICHARD SHAWBOARD MEMBER
Trustee or director
1$0
DR THOMAS SILERBOARD MEMBER
Trustee or director
1$0
LAURA SLAYBOARD MEMBER
Trustee or director
1$0
MARK STUART-SMITHBOARD MEMBER
Trustee or director
1$0
THELMA STEWARDBOARD MEMBER
Trustee or director
1$0
PEGGY W SYMESBOARD MEMBER
Trustee or director
1$0
THOMAS VANDIVERBOARD MEMBER
Trustee or director
1$0
MARY PILLSBURY WAINWRIGHTBOARD MEMBER
Trustee or director
1$0
JOHN WALLACHBOARD MEMBER
Trustee or director
1$0
MICHAEL WILLIAMSBOARD MEMBER (TERM ENDED 6/25)
Trustee or director
1$0
990 for the year ended June 30, 2024: 46 people
NameTitleHours / weekCompensationOther / benefits
PETER PALERMOEXECUTIVE DIRECTOR
Officer
35$213,315$21,298
JULIE PLOWMANDEPUTY DIRECTOR/DIRECTOR OF FINANCE
Officer
35$138,009$23,760
JAMES WATSONCHAIR
Trustee or director, Officer
1$0$0
CHRISTOPHER DANFORTHVICE CHAIR
Trustee or director, Officer
1$0$0
SUE ENGELHARDTVICE CHAIR
Trustee or director, Officer
1$0$0
DAVE GIFFORDVICE CHAIR
Trustee or director, Officer
1$0$0
TOM RUWITCHCHAIR - GOVERNANCE
Trustee or director, Officer
1$0$0
MICHAEL WILLIAMSTREASURER/CHAIR - FINANCE
Trustee or director, Officer
1$0$0
MARY PATTERSONSECRETARY
Trustee or director, Officer
1$0$0
ANNE BANNISTERIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
ASHLEY CASEYCHAIR - FRIENDS BOARD
Trustee or director, Officer
1$0$0
RYAN C EASLEYCHAIR - DEVELOPMENT
Trustee or director, Officer
1$0$0
CHRIS J HAGEDORNCHAIR - FACILITIES
Trustee or director, Officer
1$0$0
ROBERT WILLCHAIR - PROGAMMING & MARKETING
Trustee or director, Officer
1$0$0
YEMI AKANDE-BARTSCHBOARD MEMBER
Trustee or director
1$0$0
KEVIN ALMBOARD MEMBER
Trustee or director
1$0$0
CHRISTY BECKMANNBOARD MEMBER
Trustee or director
1$0$0
ROBERT ENDICOTTBOARD MEMBER
Trustee or director
1$0$0
JERRY GRANTBOARD MEMBER
Trustee or director
1$0$0
MARK HALTONBOARD MEMBER
Trustee or director
1$0$0
DAVID HOHMANBOARD MEMBER
Trustee or director
1$0$0
ROBERT JONESBOARD MEMBER
Trustee or director
1$0$0
MARTHA GARCIA KAMPENBOARD MEMBER
Trustee or director
1$0$0
TAMARA KEEFEBOARD MEMBER
Trustee or director
1$0$0
JEAN KENNEDYBOARD MEMBER (TERM END 11/23)
Trustee or director
1$0$0
WARD KLEINBOARD MEMBER (TERM END 6/24)
Trustee or director
1$0$0
NANCY KRANZBERGBOARD MEMBER
Trustee or director
1$0$0
MADT MALLINCKRODTBOARD MEMBER
Trustee or director
1$0$0
RICHARD MARRIOTT JRBOARD MEMBER
Trustee or director
1$0$0
JURI MCDOWELL MDBOARD MEMBER
Trustee or director
1$0$0
JACK MUSGRAVEBOARD MEMBER
Trustee or director
1$0$0
NINA NEEDLEMANBOARD MEMBER
Trustee or director
1$0$0
PETER NOONANBOARD MEMBER
Trustee or director
1$0$0
MAURICE QUIROGABOARD MEMBER
Trustee or director
1$0$0
DR RICHARD SHAWBOARD MEMBER
Trustee or director
1$0$0
DR THOMAS SILERBOARD MEMBER
Trustee or director
1$0$0
LAURA SLAYBOARD MEMBER
Trustee or director
1$0$0
DR KENNETH SMITH JRBOARD MEMBER (DECEASED 5/24)
Trustee or director
1$0$0
MARK STUART-SMITHBOARD MEMBER
Trustee or director
1$0$0
THELMA STEWARDBOARD MEMBER
Trustee or director
1$0$0
PEGGY W SYMESBOARD MEMBER
Trustee or director
1$0$0
TARA N VAILBOARD MEMBER (TERM END 3/24)
Trustee or director
1$0$0
THOMAS VANDIVERBOARD MEMBER
Trustee or director
1$0$0
MARY PILLSBURY WAINWRIGHTBOARD MEMBER
Trustee or director
1$0$0
CHERYL WALKERBOARD MEMBER
Trustee or director
1$0$0
JOHN WALLACHBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 49 people
NameTitleHours / weekCompensationOther / benefits
PETER PALERMOEXECUTIVE DIRECTOR
Officer
35$203,641$17,426
JULIE PLOWMANDEPUTY DIRECTOR/DIRECTOR OF FINANCE
Officer
35$140,531$19,583
JAMES WATSONCHAIR
Trustee or director, Officer
1$0$0
SUE ENGELHARDTVICE CHAIR
Trustee or director, Officer
1$0$0
DAVE GIFFORDVICE CHAIR
Trustee or director, Officer
1$0$0
CHRISTOPHER DANFORTHCHAIR - GOVERNANCE
Trustee or director, Officer
1$0$0
MICHAEL WILLIAMSTREASURER/CHAIR - FINANCE
Trustee or director, Officer
1$0$0
LOTTA FOXSEC./CO-CHAIR - EDU (TERM END 5/23)
Trustee or director, Officer
1$0$0
MARY PATTERSONSECRETARY
Trustee or director, Officer
1$0$0
ANNE BANNISTERIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
RYAN C EASLEYCHAIR - DEVELOPMENT
Trustee or director, Officer
1$0$0
CHRIS J HAGEDORNCHAIR - FACILITIES
Trustee or director, Officer
1$0$0
ROBERT WILLCHAIR - PROGAMMING & MARKETING
Trustee or director, Officer
1$0$0
YEMI AKANDE-BARTSCHBOARD MEMBER
Trustee or director
1$0$0
KEVIN ALMBOARD MEMBER
Trustee or director
1$0$0
CHRISTY BECKMANNBOARD MEMBER
Trustee or director
1$0$0
ASHLEY CASEYBOARD MEMBER
Trustee or director
1$0$0
ROBERT ENDICOTTBOARD MEMBER
Trustee or director
1$0$0
JERRY GRANTBOARD MEMBER
Trustee or director
1$0$0
MARK HALTONBOARD MEMBER
Trustee or director
1$0$0
DAVID HOHMANBOARD MEMBER
Trustee or director
1$0$0
ROBERT JONESBOARD MEMBER
Trustee or director
1$0$0
MYLES KELLYBOARD MEMBER (TERM END 5/23)
Trustee or director
1$0$0
JEAN KENNEDYBOARD MEMBER
Trustee or director
1$0$0
WARD KLEINBOARD MEMBER
Trustee or director
1$0$0
NANCY KRANZBERGBOARD MEMBER
Trustee or director
1$0$0
MADT MALLINCKRODTBOARD MEMBER
Trustee or director
1$0$0
RICHARD MARRIOTT JRBOARD MEMBER
Trustee or director
1$0$0
JOHN MCCLELLANDBOARD MEMBER (TERM END 10/22)
Trustee or director
1$0$0
KATHRYN MILLERBOARD MEMBER (TERM END 7/22)
Trustee or director
1$0$0
JACK MUSGRAVEBOARD MEMBER
Trustee or director
1$0$0
NINA NEEDLEMANBOARD MEMBER
Trustee or director
1$0$0
PETER NOONANBOARD MEMBER
Trustee or director
1$0$0
MAURICE QUIROGABOARD MEMBER
Trustee or director
1$0$0
DAVID RATHBOARD MEMBER (TERM END 11/22)
Trustee or director
1$0$0
TOM RUWITCHBOARD MEMBER
Trustee or director
1$0$0
DR RICHARD SHAWBOARD MEMBER
Trustee or director
1$0$0
NUVIAH SHIRAZIBOARD MEMBER (TERM END 5/23)
Trustee or director
1$0$0
DR THOMAS SILERBOARD MEMBER
Trustee or director
1$0$0
LAURA SLAYBOARD MEMBER
Trustee or director
1$0$0
DR KENNETH SMITH JRBOARD MEMBER
Trustee or director
1$0$0
MARK STUART-SMITHBOARD MEMBER
Trustee or director
1$0$0
THELMA STEWARDBOARD MEMBER
Trustee or director
1$0$0
PEGGY W SYMESBOARD MEMBER
Trustee or director
1$0$0
TARA N VAILBOARD MEMBER
Trustee or director
1$0$0
THOMAS VANDIVERBOARD MEMBER
Trustee or director
1$0$0
MARY PILLSBURY WAINWRIGHTBOARD MEMBER
Trustee or director
1$0$0
CHERYL WALKERBOARD MEMBER
Trustee or director
1$0$0
JOHN WALLACHBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
3648 WASHINGTON BLVD, SAINT LOUIS, MO 63108-3610
Principal officer (990 for 2024)
PETER PALERMO, 3648 WASHINGTON BLVD, SAINT LOUIS, MO 63108
Signed the 990
PETER PALERMO, EXECUTIVE DIRECTOR
Phone
(314) 533-9900
Return prepared by
RUBINBROWN LLP

Mission

THROUGH THE POWER OF MUSIC AND ART, THE SHELDON ENSURES THAT ALL HAVE ACCESS TO UNIQUE, RELEVANT AND INVENTIVE EXPERIENCES THAT CHANGE LIVES AND STRENGTHEN OUR COMMUNITY.

990 for the year ended June 30, 2025

Program accomplishments

  • MUSICAL AND EDUCATIONAL PROGRAMS: THE SHELDON SEEKS TO PRESENT QUALITY MUSIC IN MANY DIVERSE GENRES. 41 IN PERSON CONCERTS THIS YEAR WERE SUCCESSFULLY PRESENTED IN THE HISTORIC SHELDON CONCERT HALL TO APPROXIMATELY 15,587 PATRONS. THE SHELDON ALSO SEEKS TO INTRODUCE, BUILD AN APPRECIATION FOR AND IN SOME CASES ADVANCE THE ARTISTIC CAPABILITIES OF YOUNG PEOPLE IN BOTH MUSIC AND THE VISUAL ARTS. THE SHELDON'S EDUCATION PROGRAMS REACHED A TOTAL OF 14,505 STUDENTS THROUGH A COMBINATION OF 27 LIVE PERFORMANCES, ITS STREAMING PLATFORM BEING DOWNLOADED DIRECTLY TO 1,929 STUDENTS, IN ADDITION TO EDUCATORS VISITING 4 SCHOOLS WITH OUR SOUND STUDIO PROGRAM AND AN ADDITIONAL 33 SCHOOLS WITH OUR SOLID (SCIENCE OF LEARNING INSTRUMENT DESIGN) PROGRAM. THESE IMPORTANT EDUCATION PROGRAMS INTRODUCE CHILDREN TO A WIDE RANGE OF MUSIC - INCLUDING JAZZ, FOLK, CLASSICAL, BLUES, WORLD MUSIC, AND MORE, WEAVING IN GRADE-RELEVANT LESSONS IN LITERACY, SOCIAL STUDIES, AND ST. LOUIS AND AMERICAN HISTORY. OUR LEWIS & CLARK PROGRAM WAS TAKEN TO MCKENDREE COLLEGE IN LEBANON, IL. THE ALL-STAR CHORUS, MADE UP OF 25 STUDENTS, PERFORMED AT THE UNIVERSITY OF MISSOURI-ST. LOUIS'S TOUHILL PERFORMING ARTS CENTER, CHORUS AMERICA AND THE NATIONAL MUSEUM OF AFRICAN AMERICAN MUSIC IN NASHVILLE, TN. THE SHELDON ART GALLERIES ALSO INTRODUCES YOUNG PEOPLE TO A WIDE RANGE OF VISUAL ARTS - INCLUDING PHOTOGRAPHY, DRAWING, PAINTING, SCULPTURE, AND ARCHITECTURE THROUGH GALLERY TALKS.
    Expenses $1,504,635 · grants $45,985 · revenue $1,001,915
  • COMMUNITY EVENTS AND BEVERAGE: BEGIN TO REBOUND, WITH SOME DELAYED RECOVERY BECAUSE RENTAL EVENTS TRADITIONALLY BOOK A YEAR IN ADVANCE.
    Expenses $1,011,028
  • PRESERVATION AND OPERATION OF THE HISTORIC SHELDON CONCERT HALL.
    Expenses $451,012
  • VISUAL ARTS: THE SHELDON SEEKS TO PRESENT QUALITY EXHIBITIONS IN MANY DIVERSE GENRES - 9 EXHIBITIONS WERE SUCCESSFULLY PRESENTED IN THE SHELDON ART GALLERIES THAT SERVED OVER 8,368 ADULTS AND YOUNG PEOPLE. GOLF THE GALLERIES DID NOT TAKE PLACE THIS YEAR DUE TO A FULL RENOVATION OF GALLERY AND HOSPITALITY SPACES WITHIN THE SHELDON. THE SHELDON ART GALLERIES HOSTED 2 ARTIST TALKS ALONG WITH A SPECIAL ARTIST TALK FEATURING MICHAEL WILSON AND LYLE LOVETT, 3 EDUCATION PROGRAMS/WORKSHOPS, A TRUNK SHOW FEATURING 7 ARTISTS, AS WELL AS GALLERY TOURS FOR STUDENTS.
    Expenses $233,158 · revenue $32,330

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
43-1489756
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,524,041
Income (IRS master file)
$6,236,393

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,056,014$4,352,969$21,524,041XML
990-TJune 2025–––IRS
990June 2024$6,638,944$4,149,286$20,005,380IRS
990-TJune 2024–––IRS
990June 2023$3,320,010$4,419,899$17,666,116XML
990-TJune 2023–––IRS
990June 2022$4,113,290$3,854,814$18,915,606IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-1489756).

Questions about THE SHELDON ARTS FOUNDATION

What is the EIN of THE SHELDON ARTS FOUNDATION?
The employer identification number (EIN) of THE SHELDON ARTS FOUNDATION is 43-1489756.
Is THE SHELDON ARTS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to THE SHELDON ARTS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE SHELDON ARTS FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE SHELDON ARTS FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE SHELDON ARTS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of THE SHELDON ARTS FOUNDATION?
The 990 for the year ended June 30, 2025 names PETER PALERMO.
Who are the officers and directors of THE SHELDON ARTS FOUNDATION?
The 990 for the year ended June 30, 2025 lists 43 people; 2 received compensation from the organization, the highest $196,143 (PETER PALERMO, EXECUTIVE DIRECTOR).
How much revenue does THE SHELDON ARTS FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,056,014, expenses of $4,352,969 and total assets of $21,524,041 at year end.

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