2020-12-14T11:21:02-06:00 2020-08-31 Kundinger Corder & Engle PC 475 Lincoln St Ste 200 Denver CO 80203 990 2019-09-01 841042289 Art Students League of Denver ARTS 3037786990 200 Grant Street Denver CO 80203 Rachel Basye Executive Director 3037786990 2020-12-14 1 Laurie Anderson P01416697 3035345953 2020-12-14 2019 2022-09-23 18:48:47Z Rachel Basye 200 Grant Street Denver CO 80203 1452588 0 X www.ASLD.org X 1986 CO See Part III, Line 1. 12 9 167 48 0 0 664255 694873 1286078 757331 0 0 3979 384 1954312 1452588 0 0 0 0 1137050 932258 0 0 123349 764446 601374 1901496 1533632 52816 -81044 1948200 2122860 466568 721145 1481632 1401715 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 1043568 691042 Art Courses: COVID-19 was difficult on ASLD as all of our in-person events were cancelled mid-March through August. Approximately 65% of ASLD's operating revenues is typically course fee income, which supports over 200 artists and models, our incredible facilities, and an extensive programming of free or low-cost community engagement activities. We pivoted to virtual experiences where possible, and we continue to develop that platform. However, ASLD had to refund over $100,000 in course fees and had to cancel the 2020 Summer Art Market. Continued on Schedule OSAM is our largest annual fundraising event, generating revenue through corporate sponsorships and booth sales, while also supporting the economic vitality of our artists who earn revenue in direct art sales. The total amount of revenue lost last fiscal year due to closures and cancellations was approximately $575,000. ASLD is fortunate to have unrestricted reserves as well as a Line of Credit. In addition, ASLD has sought and received COVID-19 relief wherever possible. These relief funds helped to mitigate some of the financial impact of COVID-19. 19906 11705 Summer Art Market: Summer Art Market (SAM) is ASLD's annual outdoor street fair, held every June 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. SAM 2020 was cancelled due to government capacity restrictions put in place during the pandemic. 118137 54584 Other Programs: Over the past few years, ASLD has pursued partnerships with a variety of comunity 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. 1181611 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 167 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 9 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 Andrea Kemp Director 1.00 X 0 0 0 Kate Rooney 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 Judd Meininger Director thru 6/2020 1.00 X 0 0 0 Michael Smith Director thru 12/2019 1.00 X 0 0 0 Yolanda Ortega Director thru 2/2020 1.00 X 0 0 0 Victoria Eubanks Director thru 9/2019 1.00 X 0 0 0 Jason Gumer Director thru 2/2020 1.00 X 0 0 0 Rachel Basye Executive Director 40.00 X 121281 0 17503 121281 0 17503 1 0 0 0 0 79251 147422 468200 2487 694873 Class revenue 900099 691042 691042 Participant fees 900099 34650 34650 Summer art market 900099 11705 11705 Outreach programs 900099 11630 11630 Gallery art sales 900099 6003 6003 2301 2301 757331 Miscellaneous 900099 384 384 384 1452588 757331 0 384 140475 63214 42142 35119 687993 520491 116765 50737 8277 6831 1163 283 23151 20439 2686 26 72362 51415 13696 7251 95307 47428 32812 15067 30396 15277 15119 21961 20784 105 1072 10592 10146 103 343 59712 57198 579 1935 30757 30757 28875 28631 56 188 96512 92449 936 3127 Miscellaneous 82492 80272 2008 212 Rental and maintenance 37706 36118 366 1222 Course expense 36709 36709 Outreach expenses 20825 20825 49530 42627 136 6767 1533632 1181611 228672 123349 193335 359847 293861 319528 6000 16500 2945783 1668869 1276563 1276914 178441 150071 1948200 2122860 68858 68419 185590 97398 212120 204728 0 350600 466568 721145 X 1328788 1251058 152844 150657 1481632 1401715 1948200 2122860 -81044 1127 0 X X 0 1 X 1 0 X 441541 451337 484318 532350 567701 2477247 1060634 1100065 1228597 1286078 757331 5432705 1230 39547 50883 36893 0 128553 170519 89798 86879 119047 126922 593165 1673924 1680747 1850677 1974368 1451954 8631670 19695 14760 24642 67494 26296 152887 0 19695 14760 24642 67494 26296 152887 8478783 1673924 1680747 1850677 1974368 1451954 8631670 0.98230 0.98380 0.00000 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4404 100 -4504 9008 4518 -114 4404 14494 14494 2604378 1506850 1097528 258337 127392 130945 68574 34627 33947 1276914 Beneficial interest in assets held by The Denver Foundation 150071 150071 Paycheck Protection Program Loan 200600 Economic Injury Disaster Loan 150000 350600 1454680 1127 965 2092 1452588 0 1452588 1534597 965 965 1533632 0 1533632 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.