CHERRY ARTS

EIN: 742546811 501(c)(3) Arts, Culture & Humanities

DENVER, CO

Total Revenue
$2,173,190
Total Expenses
$2,569,716
Total Assets
$2,936,579
Net Assets
$2,561,113
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CO
Phone
3033552787
Tax Period
2023-10-01 to 2024-09-30

CHERRY ARTS, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

CHERRY ARTS 501c3 non-profit mission is to provide access to art experiences and support arts education in Colorado

Program Service Accomplishments

Program 1
Expenses: $1,724,601

CHERRY CREEK ARTS FESTIVAL-PROVIDES FREE OF CHARGE, AN INTERACTIVE VISUAL ARTS EXPERIENCE FOR APPROXIMATELY 150,000 ATTENDEES. THE FOCUS OF ACTIVITIES IS A JURIED EXHIBITION WITH ARTISTS FROM VARIOUS...

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CHERRY CREEK ARTS FESTIVAL-PROVIDES FREE OF CHARGE, AN INTERACTIVE VISUAL ARTS EXPERIENCE FOR APPROXIMATELY 150,000 ATTENDEES. THE FOCUS OF ACTIVITIES IS A JURIED EXHIBITION WITH ARTISTS FROM VARIOUS STATES COUNTRIES SHOWING THEIR WORKS OF ART

Program 2
Expenses: $214,216

EDUCATION AND OUTREACH PROGRAMS ARE DESIGNED TO BE MOBILE, BRINGING ART PROGRAMS DIRECTLY INTO SCHOOLS AND COMMUNITY CENTERS. EDUCATIONAL INITIATIVES ARE DESIGNED TO NURTURE FUTURE GENERATIONS OF...

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EDUCATION AND OUTREACH PROGRAMS ARE DESIGNED TO BE MOBILE, BRINGING ART PROGRAMS DIRECTLY INTO SCHOOLS AND COMMUNITY CENTERS. EDUCATIONAL INITIATIVES ARE DESIGNED TO NURTURE FUTURE GENERATIONS OF ARTS SUPPORTERS AND EXPOSE YOUNG MINDS TO THE MANY SOCIAL AND INDIVIDUAL BENEFITS OF EXPERIENCING AND CREATING ART.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,098,778
Program Service Revenue $758,478
Investment Income $275,436
Other Revenue $40,498
TOTAL REVENUE $2,173,190

Expense Breakdown

Grants Paid $0
Salaries & Benefits $434,403
Fundraising Expenses $123,285
Program Expenses $1,938,817
Other Expenses $2,135,313
TOTAL EXPENSES $2,569,716

Year-over-Year Comparison

2023 2022 Change
Revenue $2,173,190 $2,116,083 +0.0%
Expenses $2,569,716 $2,463,993 +0.0%
Net Income $-396,526 $-347,910 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
5
Volunteers
358

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$145,300
Total Directors
15
$145,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARA BRICKELL EXEC DIRECTOR/CEO 040.00
Officer Director
$134,304 $10,996 $145,300
MATTHEW KEENEY BOARD CHAIR 002.00
Officer Director
$0 $0 $0
JEFF PFEIFER PAST CHAIR 002.00
Officer Director
$0 $0 $0
RACHEL MCGUIRE SECRETARY/TREASURER 002.00
Officer Director
$0 $0 $0
AMY DICKERSON CHAIR ELECT 002.00
Officer Director
$0 $0 $0
KIM CORRIGAN BOARD MEMBER 002.00
Director
$0 $0 $0
JOHN CLAUDE-FUTRELL BOARD MEMBER 002.00
Director
$0 $0 $0
ELIZABETH HAMILTON BOARD MEMBER 002.00
Director
$0 $0 $0
RON HICKS BOARD MEMBER 002.00
Director
$0 $0 $0
ESTER LEE LEACH BOARD MEMBER 002.00
Director
$0 $0 $0
JOANNE REILLY BOARD MEMBER 002.00
Director
$0 $0 $0
DENNIS RYERSON BOARD MEMBER 002.00
Director
$0 $0 $0
TIFFANY SUMMERS BOARD MEMBER 002.00
Director
$0 $0 $0
STEPHANIE WOOD BOARD MEMBER 002.00
Director
$0 $0 $0
ANDREA ZEDIKER BOARD MEMBER 002.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,173,190 $2,569,716 $2,936,579 $-396,526
2023 $2,116,083 $2,463,993 $3,130,263 $-347,910
2022 $3,413,779 $2,395,666 $3,375,483 $1,018,113
2021 $1,539,850 $1,760,631 $2,617,133 $-220,781
2020 $399,898 $947,881 $2,660,317 $-547,983
2019 $2,817,887 $2,690,041 $2,849,798 $127,846
2018 $2,005,410 $2,601,245 $2,636,494 $-595,835
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