Nonprofit · EIN 84-1166423
SHERIDAN ARTS FOUNDATION
Tax-exempt · TELLURIDE, CO 81435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,595,588 | $1,553,968 | $41,620 | $2,804,315 | $651,382 | $2,152,933 |
| September 30, 2024 | 990 | $1,538,260 | $1,666,370 | -$128,110 | $2,823,775 | $681,987 | $2,141,788 |
| September 30, 2023 | 990 | $1,530,778 | $1,617,261 | -$86,483 | $2,927,869 | $658,983 | $2,268,886 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $536,345
- of which government grants
- $59,112
- Program service revenue
- $716,748
- Investment income
- $66,770
- Net gain from sales of assets
- $49,052
- Net income from sales of inventory
- $275,725
- Other revenue
- $275,725
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $277,560
- Other salaries and wages
- $419,346
- Salaries, compensation and benefits (total)
- $811,913
- Professional fundraising fees
- $0
- Accounting fees
- $33,173
- Occupancy
- $57,732
- Travel
- $1,667
- Depreciation
- $76,547
- Program services (functional)
- $1,287,428
- Management and general (functional)
- $187,894
- Fundraising (functional)
- $78,646
Balance sheet and other
- Total assets, start of year
- $2,823,775
- Total assets, end of year
- $2,804,315
- Total liabilities, end of year
- $651,382
- Net assets, end of year
- $2,152,933
- Land, buildings and equipment
- $1,470,653
- Publicly traded securities
- $752,346
- Net assets without donor restrictions
- $2,116,286
- Net assets with donor restrictions
- $36,647
- Gross receipts
- $3,018,217
- Employees
- 28
- Volunteers
- 95
- Year formed
- 1991
- State of legal domicile
- CO
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONATTA PALAMAR | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $136,900 |
| STEVEN PALAMAR | PRESIDENT Officer | 40 | $129,980 |
| SCOTT SWANK | DIRECTOR Trustee or director | 1 | $0 |
| GRACE ENGBRING | DIRECTOR Trustee or director | 1 | $0 |
| MARK DALTON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JAMES GALLAGHER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES I BLACK III | TREASURER / SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON SOULES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONATTA PALAMAR | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $129,116 |
| STEVEN PALAMAR | PRESIDENT Officer | 40 | $120,749 |
| SCOTT SWANK | DIRECTOR Trustee or director | 1 | $0 |
| GRACE ENGBRING | DIRECTOR Trustee or director | 1 | $0 |
| MARK DALTON | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| JAMES GALLAGHER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES I BLACK III | SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON SOULES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONATTA PALAMAR | EXECUTIVE DIRECTOR Officer | 40 | $119,117 | $7,200 |
| STEVEN PALAMAR | PRESIDENT Officer | 40 | $105,167 | $0 |
| SCOTT SWANK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRACE ENGBRING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK DALTON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMES GALLAGHER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JAMES I BLACK III | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JASON SOULES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2680, TELLURIDE, CO 81435-2680
- Principal officer (990 for 2024)
- STEVEN PALAMAR, PO BOX 2680, TELLURIDE, CO 81435
- Signed the 990
- STEVEN PALAMAR, PRESIDENT
- Phone
- (970) 728-6363
- Website
- WWW.SHERIDANOPERAHOUSE.COM
- Return prepared by
- REESE HENRY & COMPANY INC
Mission
RESTORE AND PRESERVE THE HISTORIC SHERIDAN OPERA HOUSE AS AN ARTS AND CULTURAL RESOURCE FOR THE TELLURIDE COMMUNITY; BRING QUALITY ARTS AND CULTURAL EVENTS TO TELLURIDE; PROVIDE LOCAL AND NATIONAL YOUTH WITH ACCESS AND EXPOSURE TO THE ARTS THROUGH EDUCATION
Program accomplishments
- PROMOTING THE PERFORMING ARTS AND SHERIDAN OPERA HOUSE OPERATIONS. OVER 20,000 PEOPLE TOOK ADVANTAGE OF THE EVENTS AND SHOWS OFFERED AT THE OPERA HOUSE.Expenses $1,246,213 · revenue $870,979
- YOUNG PEOPLE'S THEATER IS A DIVERSE AND FLOURISHING CENTER FOR YOUNG THESPIANS THAT HAS AN ENROLLMENT OF OVER 200 CHILDREN BETWEEN AGES 2 AND 18 EACH YEAR. THE PROGRAM FEES ARE BASED ON FINANCIAL ABILITY. SEVERAL CLASSES ARE HELD THROUGHOUT THE YEAR. FOUR FULL LENGTH MUSICALS WERE PRESENTED OVER 13 SHOWS AT THE OPERA HOUSE. 2,250 PEOPLE ATTENDED THE SHOWS.Expenses $41,215 · revenue $121,494
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 84-1166423
- 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
- 1992
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60M)
- Assets (IRS master file)
- $2,804,315
- Income (IRS master file)
- $3,018,217
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,595,588 | $1,553,968 | $2,804,315 | XML |
| 990 | September 2024 | $1,538,260 | $1,666,370 | $2,823,775 | XML |
| 990 | September 2023 | $1,530,778 | $1,617,261 | $2,927,869 | XML |
| 990 | September 2022 | $1,473,861 | $1,326,996 | $3,014,799 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 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 84-1166423).
Questions about SHERIDAN ARTS FOUNDATION
- What is the EIN of SHERIDAN ARTS FOUNDATION?
- The employer identification number (EIN) of SHERIDAN ARTS FOUNDATION is 84-1166423.
- Is SHERIDAN ARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to SHERIDAN ARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHERIDAN 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 SHERIDAN ARTS FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHERIDAN ARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SHERIDAN ARTS FOUNDATION?
- The 990 for the year ended September 30, 2025 names STEVEN PALAMAR.
- Who are the officers and directors of SHERIDAN ARTS FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $136,900 (RONATTA PALAMAR, EXECUTIVE DIRECTOR).
- How much revenue does SHERIDAN ARTS FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,595,588, expenses of $1,553,968 and total assets of $2,804,315 at year end.
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