SANTA FE ART INSTITUTE INC

EIN: 850404277 501(c)(3) Education

SANTA FE, NM

Total Revenue
$484,787
Total Expenses
$995,130
Total Assets
$3,425,379
Net Assets
$2,867,212
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NM
Principal Officer
AARON PAYNE
Phone
5054245050
Tax Period
2023-01-01 to 2023-12-31

SANTA FE ART INSTITUTE INC, founded in 1992, is a small nonprofit in the Education sector that reported $485K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $995K exceeded revenue, resulting in a 105% operating deficit.

Mission

SFAI IS AN INDEPENDENT ARTS ORGANIZATION FORGING CRITICAL INQUIRY AND CULTURAL EXCHANGE AMONG ARTISTS, CREATIVE PRACTITIONERS, AND THE BROADER COMMUNITY. WE SUPPORT AND AMPLIFY DYNAMIC ARTISTIC PRACTICES THAT ENGAGE COMPLEX SOCIAL ISSUES, INSPIRE INDIVIDUAL TRANSFORMATION, AND INFORM COLLECTIVE ACTION.

Program Service Accomplishments

Program 1
Expenses: $634,610 Revenue: $230,713

GENERAL PROGRAMS - BRINGING TOGETHER LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS WITH ACTIVISTS, CULTURE BEARERS, CONTENT EXPERTS, AND INSTITUTIONS IN THE BROADER COMMUNITY...

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GENERAL PROGRAMS - BRINGING TOGETHER LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS WITH ACTIVISTS, CULTURE BEARERS, CONTENT EXPERTS, AND INSTITUTIONS IN THE BROADER COMMUNITY THROUGH INTERACTIVE WORKSHOPS, PERFORMANCES, CONVERSATIONS, AND EXHIBITIONS. GENERAL PROGRAMS SERVE LOCAL ARTISTS, ARTISTS FROM AROUND THE WORLD, AND THE NORTHERN NEW MEXICO COMMUNITY. SFAI PROVIDED OVER 12 PUBLIC, IN PERSON PROGRAMS IN 2023, INCLUDING SFAI140, OPEN STUDIOS, PROCESS EVENTS, THE ONLINE TILT SERIES, OUR ANNUAL ART OF CHANGE.

Program 2

RESIDENCY PROGRAMS - SFAI SUPPORTS RESEARCH, ARTWORKS, AND CREATIVE ACTIONS THAT USE ARTISTIC IMAGINATION THROUGH OUR FREE, ANNUAL THEMATIC RESIDENCY PROGRAM, WHICH IS OPEN TO ARTISTS AND CREATIVE...

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RESIDENCY PROGRAMS - SFAI SUPPORTS RESEARCH, ARTWORKS, AND CREATIVE ACTIONS THAT USE ARTISTIC IMAGINATION THROUGH OUR FREE, ANNUAL THEMATIC RESIDENCY PROGRAM, WHICH IS OPEN TO ARTISTS AND CREATIVE PRACTITIONERS OF ALL DISCIPLINES. SFAI HOSTED 53 RESIDENTS IN 2023 THROUGH THE CHANGING CLIMATE INTERNATIONAL THEMATIC RESIDENCY, AND 4 RESIDENCY FELLOWSHIPS THROUGH PARTNERSHIPS WITH NATIONAL AND INTERNATIONAL INSTITUTIONS. SFAI LAUNCHED THE BIPOC STIPENDS IN 2023, PROVIDING $500 TO ALL BIPOC-IDENTIFYING RESIDENTS.

Program 3

COMMUNITY ENGAGEMENT, OUTREACH, AND EDUCATION - SHOWCASING THE WORK OF SOCIALLY-ENGAGED LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS, SFAI COMMUNITY ENGAGEMENT DEMONSTRATES...

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COMMUNITY ENGAGEMENT, OUTREACH, AND EDUCATION - SHOWCASING THE WORK OF SOCIALLY-ENGAGED LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS AND CREATIVE PRACTITIONERS, SFAI COMMUNITY ENGAGEMENT DEMONSTRATES THE POWER OF ART TO SHAPE SOCIETY. THIS INCLUDES ONLINE OUTREACH AND EDUCATION FOR ALL AGES, INCLUDING THE TILT SERIES AND MONTHLY NEWSLETTERS; PARTNERSHIPS WITH LOCAL ADVOCACY AND GRASSROOTS ORGANIZATIONS TO PROVIDE SPACE AND A PLATFORM FOR CRITICAL DIALOGUE AND CREATIVE EXCHANGE AROUND SOCIAL ISSUES; AND CREATIVE PLACEKEEPING PROJECTS SUCH AS THE NEWLY FORMING MIDTOWN ARTS AND DESIGN ALLIANCE.

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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 $251,968
Program Service Revenue $17,332
Investment Income $213,381
Other Revenue $2,106
TOTAL REVENUE $484,787

Expense Breakdown

Grants Paid $30,205
Salaries & Benefits $472,038
Fundraising Expenses $27,029
Program Expenses $634,610
Other Expenses $492,887
TOTAL EXPENSES $995,130

Year-over-Year Comparison

2023 2022 Change
Revenue $484,787 $560,116 -0.1%
Expenses $995,130 $831,272 +0.2%
Net Income $-510,343 $-271,156 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
8
Volunteers
N/A

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
$124,801
Total Directors
10
$124,801
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIE WILKINSON TRUSTEE 1.00
Director
$0 $0 $0
RICHARD MARTINEZ TREASURER 1.00
Officer Director
$0 $0 $0
NICOLE FELIZ OKUMU VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH BURDEN TRUSTEE 1.00
Director
$0 $0 $0
KARIN FYRHLE TRUSTEE 1.00
Director
$0 $0 $0
RAY LANDY SECRETARY 1.00
Officer Director
$0 $0 $0
AARON PAYNE CHAIR 1.00
Officer Director
$0 $0 $0
ZACHARY LEONARD TRUSTEE 1.00
Director
$0 $0 $0
JEREMY ZILAR TRUSTEE 1.00
Director
$0 $0 $0
JAMIE BLOSSER EXECUTIVE DIRECTOR 40.00
Officer Director
$124,801 $0 $124,801
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 No data No data No data No data
2023 $484,787 $995,130 $3,425,379 $-510,343
2022 $560,116 $831,272 $3,882,221 $-271,156
2021 $733,442 $800,775 $4,428,299 $-67,333
2020 $390,966 $755,168 $4,173,498 $-364,202
2019 $837,736 $808,491 $4,069,256 $29,245
2018 $561,835 $841,993 $3,801,177 $-280,158
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