2024-02-28T00:10:06-06:00 2023-06-30 430765316 RUBINBROWN LLP 7676 FORSYTH BLVD SUITE 2100 SAINT LOUIS MO 63105 990 2022-07-01 431489756 THE SHELDON ARTS FOUNDATION SHEL 3145339900 3648 WASHINGTON BLVD SAINT LOUIS MO 63108 PETER PALERMO EXECUTIVE DIRECTOR 3145339900 2024-02-26 1 PETER PALERMO 999009999 0 KIMBERLY A RYAN P00829977 3142903300 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER PALERMO 3648 WASHINGTON BLVD SAINT LOUIS MO 63108 4572872 0 X THESHELDON.ORG X 1989 MO THROUGH THE POWER OF MUSIC AND ART, THE SHELDON ENSURES THAT ALL HAVE ACCESS TO UNIQUE, RELEVANT AND INVENTIVE EXPERIENCES THAT CHANGE LIVES AND STRENGTHEN OUR COMMUNITY. 41 41 62 120 282088 0 3105608 1877164 478856 773773 107814 54539 421012 614534 4113290 3320010 8055 1150 0 0 1491735 1571997 0 0 562807 2355024 2846752 3854814 4419899 258476 -1099889 18915606 17666116 962910 654914 17952696 17011202 X THROUGH THE POWER OF MUSIC AND ART, THE SHELDON ENSURES THAT ALL HAVE ACCESS TO UNIQUE, RELEVANT AND INVENTIVE EXPERIENCES THAT CHANGE LIVES AND STRENGTHEN OUR COMMUNITY. 0 0 1420581 1150 709661 MUSICAL AND EDUCATIONAL PROGRAMS: THE SHELDON SEEKS TO PRESENT QUALITY MUSIC IN MANY DIVERSE GENRES. 47 IN PERSON CONCERTS THIS YEAR WERE SUCCESSFULLY PRESENTED IN THE HISTORIC SHELDON CONCERT HALL AND OUTDOOR PLAZA TO APPROXIMATELY 17,628 PATRONS. WE ALSO VIRTUALLY STREAMED A CONCERT FEATURING STEEP CANYON RANGERS FOR A PAYING AUDIENCE IN THE FALL OF 2022. THE SHELDON ALSO SEEKS TO INTRODUCE, BUILD AN APPRECIATION FOR AND IN SOME CASES ADVANCE THE ARTISTIC CAPABILITIES OF YOUNG PEOPLE IN BOTH MUSIC AND THE VISUAL ARTS. THE SHELDON CONTINUED ITS STREAMING PLATFORM IN ADDITION TO 30 LIVE PERFORMANCES FOR OUR EDUCATIONAL PROGRAMS, WITH 28 OF THESE STREAMED, INTRODUCING OVER 31,431 CHILDREN TO A WIDE RANGE OF MUSIC - INCLUDING JAZZ, FOLK, CLASSICAL, BLUES, THE AMERICAN MUSICAL, AND MUSIC FROM THE LEWIS AND CLARK ERA - AND INTRODUCED YOUNG PEOPLE TO A WIDE RANGE OF VISUAL ARTS - INCLUDING PHOTOGRAPHY, DRAWING, PAINTING, SCULPTURE AND ARCHITECTURE THROUGH VIRTUAL GALLERY TALKS. IN JUNE 2023, 20 STUDENTS OF THE ALL-STAR CHORUS TOOK A 4-DAY TRIP TO NEW YORK CITY TO PERFORM IN CARNEGIE HALL. THE TRIP INCLUDED A VISIT TO CENTRAL PARK, SEEING A BROADWAY SHOW, CRUISING AROUND THE STATUE OF LIBERTY ON A DINNER CRUISE AND CHECKING OUT THE CITY FROM THE TOP OF THE EMPIRE STATE BUILDING, BUT THE HIGHLIGHT WAS PARTICIPATING WITH A MASS-CHOIR, MADE UP OF SINGERS FROM ALL OVER, REHEARSING AND PERFORMING THE GOSPEL MASS BY ROBERT RAY IN CARNEGIE HALL. IT WAS THE MOST CHALLENGING, LONGEST PIECE OF MUSIC THE STUDENTS HAD LEARNED AND PERFORMED. THE CULMINATING PERFORMANCE WAS ACCOMPANIED BY AN ORCHESTRA, AND PROFESSIONAL SOLOISTS. 875508 COMMUNITY EVENTS AND BEVERAGE: BEGIN TO REBOUND, WITH SOME DELAYED RECOVERY BECAUSE RENTAL EVENTS TRADITIONALLY BOOK A YEAR IN ADVANCE. 512062 PRESERVATION AND OPERATION OF THE HISTORIC SHELDON CONCERT HALL. 289616 64112 VISUAL ARTS: THE SHELDON SEEKS TO PRESENT QUALITY EXHIBITS IN MANY DIVERSE GENRES - 13 EXHIBITS WERE SUCCESSFULLY PRESENTED IN THE SHELDON ART GALLERIES THAT SERVED OVER 18,343 ADULTS AND YOUNG PEOPLE. GOLF THE GALLERIES RETURNED FOR ITS 6TH SEASON WITH AN EXCITING GROUP OF 9 CREATIVE AND FUN HOLES CREATED BY LOCAL ARTISTS DURING THE SUMMER 2022. 289616 64112 3097767 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 102 0 62 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PETER PALERMO & JULIE PLOWMAN 3145339900 3648 WASHINGTON BOULEVARD ST LOUIS MO 63108 PETER PALERMO EXECUTIVE DIRECTOR 35.00 X 203641 0 17426 JULIE PLOWMAN DEPUTY DIRECTOR/DIRECTOR OF FINANCE 35.00 X 140531 0 19583 JAMES WATSON CHAIR 1.00 X X 0 0 0 SUE ENGELHARDT VICE CHAIR 1.00 X X 0 0 0 DAVE GIFFORD VICE CHAIR 1.00 X X 0 0 0 CHRISTOPHER DANFORTH CHAIR - GOVERNANCE 1.00 X X 0 0 0 MICHAEL WILLIAMS TREASURER/CHAIR - FINANCE 1.00 X X 0 0 0 LOTTA FOX SEC./CO-CHAIR - EDU (TERM END 5/23) 1.00 X X 0 0 0 MARY PATTERSON SECRETARY 1.00 X X 0 0 0 ANNE BANNISTER IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 RYAN C EASLEY CHAIR - DEVELOPMENT 1.00 X X 0 0 0 CHRIS J HAGEDORN CHAIR - FACILITIES 1.00 X X 0 0 0 ROBERT WILL CHAIR - PROGAMMING & MARKETING 1.00 X X 0 0 0 YEMI AKANDE-BARTSCH BOARD MEMBER 1.00 X 0 0 0 KEVIN ALM BOARD MEMBER 1.00 X 0 0 0 CHRISTY BECKMANN BOARD MEMBER 1.00 X 0 0 0 ASHLEY CASEY BOARD MEMBER 1.00 X 0 0 0 ROBERT ENDICOTT BOARD MEMBER 1.00 X 0 0 0 JERRY GRANT BOARD MEMBER 1.00 X 0 0 0 MARK HALTON BOARD MEMBER 1.00 X 0 0 0 DAVID HOHMAN BOARD MEMBER 1.00 X 0 0 0 ROBERT JONES BOARD MEMBER 1.00 X 0 0 0 MYLES KELLY BOARD MEMBER (TERM END 5/23) 1.00 X 0 0 0 JEAN KENNEDY BOARD MEMBER 1.00 X 0 0 0 WARD KLEIN BOARD MEMBER 1.00 X 0 0 0 NANCY KRANZBERG BOARD MEMBER 1.00 X 0 0 0 MADT MALLINCKRODT BOARD MEMBER 1.00 X 0 0 0 RICHARD MARRIOTT JR BOARD MEMBER 1.00 X 0 0 0 JOHN MCCLELLAND BOARD MEMBER (TERM END 10/22) 1.00 X 0 0 0 KATHRYN MILLER BOARD MEMBER (TERM END 7/22) 1.00 X 0 0 0 JACK MUSGRAVE BOARD MEMBER 1.00 X 0 0 0 NINA NEEDLEMAN BOARD MEMBER 1.00 X 0 0 0 PETER NOONAN BOARD MEMBER 1.00 X 0 0 0 MAURICE QUIROGA BOARD MEMBER 1.00 X 0 0 0 DAVID RATH BOARD MEMBER (TERM END 11/22) 1.00 X 0 0 0 TOM RUWITCH BOARD MEMBER 1.00 X 0 0 0 DR RICHARD SHAW BOARD MEMBER 1.00 X 0 0 0 NUVIAH SHIRAZI BOARD MEMBER (TERM END 5/23) 1.00 X 0 0 0 DR THOMAS SILER BOARD MEMBER 1.00 X 0 0 0 LAURA SLAY BOARD MEMBER 1.00 X 0 0 0 DR KENNETH SMITH JR BOARD MEMBER 1.00 X 0 0 0 MARK STUART-SMITH BOARD MEMBER 1.00 X 0 0 0 THELMA STEWARD BOARD MEMBER 1.00 X 0 0 0 PEGGY W SYMES BOARD MEMBER 1.00 X 0 0 0 TARA N VAIL BOARD MEMBER 1.00 X 0 0 0 THOMAS VANDIVER BOARD MEMBER 1.00 X 0 0 0 MARY PILLSBURY WAINWRIGHT BOARD MEMBER 1.00 X 0 0 0 CHERYL WALKER BOARD MEMBER 1.00 X 0 0 0 JOHN WALLACH BOARD MEMBER 1.00 X 0 0 0 344172 0 37009 2 0 1 0 0 555842 139372 1181950 58664 1877164 TICKET SALES 711110 773773 773773 773773 102193 102193 564587 515112 49475 49475 49475 315359 363013 -47654 -47654 -47654 69480 555842 296039 -226559 -226559 430524 78698 351826 282088 69738 MISCELLANEOUS INCOME 711110 253011 253011 PARKING 812930 186781 186781 439792 3320010 773773 282088 386985 1150 1150 363979 175297 153381 35301 952725 529434 226717 196574 9150 5536 1616 1998 134834 78330 29111 27393 111309 60094 31306 19909 18747 3937 8811 5999 46500 1865 26555 18080 13872 13872 243071 154197 53175 35699 150544 58996 62929 28619 417445 363059 44197 10189 155491 138387 17104 6128 4902 1226 645713 568227 77486 98658 86819 11839 ARTIST FEES/PRODUCTION 1029263 865963 163300 DEVELOPMENT 19746 19746 1574 1574 4419899 3097767 759325 562807 2388258 880284 569210 452499 618826 738931 156052 60254 34427 42950 148735 68588 21003264 8747619 12516327 12255645 2436527 3101300 47244 65665 18915606 17666116 363533 156278 293374 277156 256483 152581 49520 68899 962910 654914 X 14252287 13668610 3700409 3342592 17952696 17011202 18915606 17666116 X -1099889 188982 -30587 X 0 1 X 1 0 X 2498071 2515739 4235904 3105608 1877164 14232486 2498071 2515739 4235904 3105608 1877164 14232486 3803247 10429239 623297 596498 108416 635825 666780 2630816 7342 80601 298186 791618 1177747 18041049 3435136 0.57810 0.61200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47244 X X 0 2465475 5000 194745 408000 2257220 2409498 330000 -274023 2465475 1845811 3000 560687 2409498 1856769 3000 -13958 1845811 2098904 15000 42865 300000 1856769 0.00000 0.47260 0.52740 0 0 777409 777409 17326841 7263392 10063449 2899014 1484227 1414787 12255645 ADVANCE DEPOSITS 50478 CURRENT PORTION OF OPERATING LEASE LIABILITIES 9056 OPERATING LEASE LIABILITIES 9365 68899 4083236 188982 86281 275263 3807973 13872 -501835 -487963 3320010 5024730 86281 532422 618703 4406027 13872 13872 4419899 PART III, LINE 4: ORGANIZATION'S COLLECTIONS: THE SHELDON SEEKS TO PRESENT QUALITY EXHIBITS IN MANY DIVERSE GENRES IN ITS GALLERY. CERTAIN PERMANENT PIECES OF ARTWORK ARE MAINTAINED BY THE SHELDON FOR PUBLIC EXHIBITION. IN AUGUST 2020, DUE TO UNANTICIPATED EVENTS AND CONDITIONS INCLUDING THE FAILURE OF A LANDLORD TO TIMELY DELIVER POSSESSION OF STORAGE PREMISES INTENDED FOR STORING THE WORLD INSTRUMENT COLLECTION AND ALSO IN ALIGNMENT WITH THE FOUNDATION'S STRATEGIC PLAN FOR THE SHELDON ART GALLERIES, THE FOUNDATION ENTERED INTO AN AGREEMENT TO CONVEY THE WORLD INSTRUMENT COLLECTION RECEIVED IN PRIOR YEARS BACK TO THE ORIGINAL DONORS. THE FOUNDATION ALSO CONVEYED TO THE DONORS PERSONAL PROPERTY THAT WAS ACQUIRED AND USED IN THE STORAGE, MOVEMENT, DISPLAY, OR PROMOTION OF THE COLLECTION TO ALLOW THE DONORS TO CONTINUE WITH THEIR ASPIRATION TO DISPLAY THE COLLECTION IN ITS ENTIRETY. PART V, LINE 4: THE INTENDED USES OF THE SHELDON'S ENDOWMENT FUNDS ARE TO HOLD THE CORPUS IN PERPETUITY. THE EARNINGS WILL BE USED FOR OPERATIONS PER THE SPENDING POLICY ADOPTED BY THE BOARD OF DIRECTORS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -127,098. COST OF GOODS SOLD -78,698. SPECIAL EVENTS EXPENSES -296,039. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 30,587. RENTAL EXPENSES 127,098. COST OF GOODS SOLD 78,698. SPECIAL EVENTS EXPENSES 296,039. ANNUAL GALA 381811 341201 40610 28882 32085 95151 FRIENDS 2 154090 135090 19000 18181 55000 25778 3 89421 79551 9870 5115 20135 15712 625322 555842 69480 52178 107220 136641 296039 -226559 X X X X 0 0 0 0 0 0 0 0 0 PETER PALERMO EXECUTIVE DIRECTOR 203641 0 0 0 0 0 540 0 16886 0 221067 0 0 0 JULIE PLOWMAN DEPUTY DIRECTOR/DIRECTOR OF FINANCE 140531 0 0 0 0 0 566 0 19017 0 160114 0 0 0 X 6 11833 FMV X AUCTION ITEMS 1 39785 FMV X INSTRUMENTS 44 5870 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REFLECT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE. IN ADDITION, A DRAFT OF THE FORM 990 WAS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C SHELDON BOARD MEMBERS AND STAFF MEMBERS ARE ASKED TO SIGN CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. IF A CONFLICT DOES ARISE THE BOARD MEMBER IS ASKED TO ABSTAIN FROM ANY DECISION THAT WOULD BE SEEN AS A POSSIBLE CONFLICT. IF THERE IS A QUESTION AS TO WHETHER A CONFLICT EXISTS, THE MATTER WILL BE REFERRED TO THE GOVERNANCE COMMITTEE WHICH WILL HAVE THE OPPORTUNITY TO INVOLVE THE FINANCE COMMITTEE TO DETERMINE IF THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY AND BENEFITS OF THE EXECUTIVE DIRECTOR ARE DETERMINED BY THE CHAIRMAN OF THE SHELDON'S BOARD OF DIRECTORS IN CONSULTATION WITH THE CHAIRMAN OF THE ADMINISTRATION COMMITTEE AND OTHER OFFICERS OF THE BOARD OF DIRECTORS, AS PART OF THE DEVELOPMENT OF A BALANCED ANNUAL OPERATING BUDGET THAT IS PRESENTED TO AND REVIEWED BY THE FINANCE AND AUDIT COMMITTEE WHICH IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. SALARIES AND BENEFITS OF ALL OTHER EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR IN CONSULTATION WITH THE CHAIRMAN OF THE ADMINISTRATION COMMITTEE, AS PART OF THE DEVELOPMENT OF A BALANCED ANNUAL OPERATING BUDGET THAT IS PRESENTED TO AND REVIEWED BY THE FINANCE AND AUDIT COMMITTEE WHICH IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF FINANCE PROVIDE RESEARCH INFORMATION AS REQUESTED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE CHAIRMAN OF THE ADMINISTRATION COMMITTEE ON LOCAL, REGIONAL AND NATIONAL SALARIES FOR ARTS AND NON-PROFIT ORGANIZATION EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SHELDON'S BOARD OF DIRECTORS LISTING, ANNUAL REPORT, MISSION STATEMENT AND FORM 990 ARE AVAILABLE UPON WRITTEN REQUEST. ALL OTHER DOCUMENTS SUCH AS THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF OF UNCOLLECTIBLE PROMISES TO GIVE -30,587. MUSIC FOR LIFELONG ACHIEVEMENT LLC 3648 WASHINGTON AVENUE ST LOUIS MO 63108 431489756 CHARITABLE MO 7370 34305 THE SHELDON ARTS FOUNDATION ARTS & FAITH ST LOUIS LLC 3648 WASHINGTON AVENUE ST LOUIS MO 63108 431489756 CHARITABLE MO 45191 63340 THE SHELDON ARTS FOUNDATION