2021-12-09T14:55:14-06:00 2021-08-31 Kundinger Corder & Engle PC 475 Lincoln St Ste 200 Denver CO 80203 990 2020-09-01 841042289 Art Students League of Denver ARTS 3037786990 200 Grant Street Denver CO 80203 Rachel Basye Executive Director 3037786990 2021-12-09 1 Rachel Basye 999009999 Tiffany Knight P01725779 3035345953 2021-12-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Rachel Basye 200 Grant Street Denver CO 80203 1673892 0 X www.ASLD.org X 1986 CO See Part III, Line 1. 13 10 154 185 0 0 694873 954570 757331 718266 0 0 384 516 1452588 1673352 0 0 0 0 932258 921559 0 0 102525 601374 560073 1533632 1481632 -81044 191720 2122860 2398361 721145 751322 1401715 1647039 X The Art Students League of Denver (ASLD) is a non-accredited, not-for-profit, membership based fine arts education community. ASLD provides an inclusive art community where professional artists guide individuals of all abilities to reach their highest potential. 0 0 1072751 644013 Art Courses: ASLD focuses on teaching the fundamentals of the visual arts to anyone interested in studying with no requirement of background or experience. The teaching philosophy is the Atelier (master/ apprentice) method. The immersion approach provides students the opportunity to work side by side with a master artist in the studio. When ASLD first opened, it employed only a handful of artists who taught fewer than 100 students. Currently we employ more than 100 professional artists serving approximately 800 students per month. We offer more than 400 hands on workshops, classes, lectures and youth courses.Continued on Schedule ODuring the most recent fiscal year, our in-person courses were held at a reduced classroom capacity due to COVID-19 government orders. As a result, course revenue was not as much compared to a pre-pandemic year. 63422 71639 Summer Art Market: Summer Art Market (SAM) is ASLD's annual outdoor street fair, held since 1992. The event showcases almost 300 local artists, all of whom are part of the ASLD community, as faculty, students and members. Each year, 20,000 people attend, comprising a loyal base of collectors, donors, sponsors and members of the public. It has widely been called the best art market in all of Colorado. ASLD makes no money from the sale of art, but does raise funds through booth rental fees, and food and beverage sales at the event. Expenses include event planners, licenses, entertainment, supplies, marketing, security, and other infrastructure for the event itself. 53361 2614 Other Programs: Over the past few years, ASLD has pursued partnerships with a variety of community organizations to provide art experiences to individuals who may not otherwise have the opportunity. Some of these partnerships include the Denver Public Library, where ASLD faculty artists teach hands-on art workshops in libraries to intergenerational audiences; Jefferson County Schools, where faculty teach art teachers studio techniques; and with a variety of other art organizations to offer joint programming. Revenue for these programs comes from a combination of grants and registration fees. Expenses include wages and supplies.Continued on Schedule O.ASLD hosts a variety of exhibitions at our historic Grant Street building and in partnership with various creative spaces throughout the community. Representing the diversity of the thriving Denver arts community, our exhibitions also provide an opportunity to examine current trends and purchase original fine art from faculty, students and celebrated artists from across the U.S.Each year, the Visiting Artist Series brings several notable artists to ASLD to teach master classes, which supplement existing ongoing classes and workshops. This extraordinary opportunity allows students and artists from the community to work and learn from some of today's most significant working artists. 1189534 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 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 1 22 0 154 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 10 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X Jennifer Ziemer 3037786990 200 Grant Street Denver CO 80203 Patrice Werner President 3.00 X X 0 0 0 Elise Brenninkmeyer Vice President 2.00 X X 0 0 0 Patrick Hickey Treasurer 2.00 X X 0 0 0 Harry Utter Secretary 2.00 X X 0 0 0 Nancy Walsh Director 1.00 X 0 0 0 Robert Savi Director 1.00 X 0 0 0 Jim Calvert Director 1.00 X 0 0 0 Maha Kamal Director 1.00 X 0 0 0 Kate Rooney Director 1.00 X 0 0 0 Kate Davis Director 1.00 X 0 0 0 Deb Rosenbaum Director 1.00 X 0 0 0 Raj Chaudhuri Director 1.00 X 0 0 0 Holly-Kai Hurd Director 1.00 X 0 0 0 Andrea Kemp Director thru 12/2020 1.00 X 0 0 0 Rachel Basye Executive Director 40.00 X 122052 0 18491 122052 0 18491 1 0 0 0 0 70190 27082 453973 403325 5664 954570 Class revenue 900099 644013 644013 Summer art market 900099 71639 71639 Gallery art sales 900099 2079 2079 Outreach programs 900099 300 300 Studio rental 900099 235 235 718266 540 27082 540 0 Miscellaneous 900099 516 516 516 1673352 718266 0 516 79244 35660 23773 19811 725944 562918 115613 47413 7040 5482 1111 447 45309 38942 5569 798 64022 48005 10905 5112 101491 63419 23121 14951 12066 8288 3778 21152 19578 97 1477 21514 20608 209 697 52939 50710 514 1715 37787 37193 137 457 98395 94253 954 3188 Summer art market 63422 63422 Rental and maintenance 58437 55977 567 1893 Miscellaneous 53957 53090 597 270 Course expense 25575 25575 13338 6414 2628 4296 1481632 1189534 189573 102525 359847 195220 319528 765500 16500 15500 2949384 1767264 1276914 1182120 150071 240021 2122860 2398361 68419 105777 97398 96688 204728 198174 350600 350683 721145 751322 X 1251058 1441312 150657 205727 1401715 1647039 2122860 2398361 191720 53604 0 X X 0 1 X 1 0 X 451337 484318 532350 567701 761398 2797104 1100065 1228597 1286078 757331 718266 5090337 39547 50883 36893 27622 154945 89798 86879 119047 126922 193172 615818 1680747 1850677 1974368 1451954 1700458 8658204 14760 24642 67494 26296 24047 157239 0 14760 24642 67494 26296 24047 157239 8500965 1680747 1850677 1974368 1451954 1700458 8658204 0.98180 0.98230 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36935 4233 41168 4404 100 4505 0.38000 0.62000 1 0 14494 14494 2604378 1593685 1010693 261938 138389 123549 68574 35190 33384 1182120 Beneficial interest in assets held by The Denver Foundation 198853 Beneficial interest in assets held by Rose Community Foundation 41168 240021 Paycheck Protection Program Loan 200683 Economic Injury Disaster Loan 150000 350683 1776078 53604 49122 102726 1673352 0 1673352 1530754 49122 49122 1481632 0 1481632 Part V, Line 4: The League entered into an agreement with Rose Community Foundation on December 17, 2020 to establish an agency endowment fund within Rose Community Foundation for the benefit of the League. Rose Community Foundation invests, reinvests, administers, and distributes all such assets. Distributions from the fund are made in accordance with the spending policy of 5% per year. Sunday Sundae 4750 4210 540 88 452 Artist Showcase 22872 22872 27622 27082 540 88 452 540 0 Form 990, Part VI, Section A, line 6 ASLD offers various levels of membership. Membership benefits include newsletters, priority registration at member rates, free admission to certain events, free use of classroom studio space and certain other privileges. Form 990, Part VI, Section A, line 8b ASLD committees do not have the authority to act on behalf of the Board of Directors. Accordingly, this question does not apply. Form 990, Part VI, Section B, line 11b A draft copy of the return is emailed to the Finance Committee for review, questions and comments. After the Finance Committee has completed their review, a draft copy of the return is emailed to the Board of Directors for review, questions and comments prior to filing. Form 990, Part VI, Section B, line 12c Officers, Directors and Key Employees are required to read the policy annually and complete a conflict of interest questionnaire. Disclosure of possible conflicts of interest are disclosed if/when the issue arises. Form 990, Part VI, Section B, line 15a The Executive Director's compensation is determined after completion of a performance review by the Executive Committee to evaluate performance toward set objectives for the year. The Executive Committee also uses a local area employment compensation survey to determine comparable pay. Form 990, Part VI, Section C, line 19 The Art Students League of Denver makes its governing documents, conflict of interest policy and financial statements available to the public upon reasonable request. Form 990, Part XII, Line 2c The Finance Committee is responsible for the selection of the independent audit firm. The independent auditor meets with the Finance Committee at least annually to review the results of the audit and other matters that may arise. The oversight process of the audit has not changed during the year.