2025-05-13T07:21:05-05:00 2024-06-30 430765316 RUBINBROWN LLP 7676 FORSYTH BLVD SUITE 2100 SAINT LOUIS MO 63105 990 2023-07-01 431489756 THE SHELDON ARTS FOUNDATION SHEL 3145339900 3648 WASHINGTON BLVD SAINT LOUIS MO 63108 PETER PALERMO EXECUTIVE DIRECTOR 3145339900 2025-05-09 1 0 KIMBERLY A RYAN P00829977 3142903300 2023 2025-03-06 01:10:19Z PETER PALERMO 3648 WASHINGTON BLVD SAINT LOUIS MO 63108 8180865 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. 40 40 69 120 477557 0 1877164 4915008 773773 623113 54539 293912 614534 806911 3320010 6638944 1150 11545 0 0 1571997 1623012 0 0 541855 2846752 2514729 4419899 4149286 -1099889 2489658 17666116 20005380 654914 521487 17011202 19483893 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 1153157 11545 888696 MUSICAL AND EDUCATIONAL PROGRAMS: THE SHELDON SEEKS TO PRESENT QUALITY MUSIC IN MANY DIVERSE GENRES. 44 IN PERSON CONCERTS THIS YEAR WERE SUCCESSFULLY PRESENTED IN THE HISTORIC SHELDON CONCERT HALL TO APPROXIMATELY 15,128 PATRONS. 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'S EDUCATION PROGRAMS REACHED A TOTAL OF 21,437 STUDENTS THROUGH A COMBINATION OF 30 LIVE PERFORMANCES, ITS STREAMING PLATFORM BEING DOWNLOADED DIRECTLY IN 114 SCHOOLS: IN ADDITION TO EDUCATORS VISITING 11 SCHOOLS WITH OUR SOUND STUDIO PROGRAM AND AN ADDITIONAL 36 SCHOOLS WITH OUR SOLID (SCIENCE OF LEARNING INSTRUMENT DESIGN) PROGRAM. THESE IMPORTANT EDUCATION PROGRAMS INTRODUCE CHILDREN TO A WIDE RANGE OF MUSIC - INCLUDING JAZZ, FOLK, CLASSICAL, BLUES, WORLD MUSIC, AND MORE, WEAVING IN GRADE-RELEVANT LESSONS IN LITERACY, SOCIAL STUDIES, AND ST. LOUIS AND AMERICAN HISTORY. OUR LEWIS & CLARK PROGRAM AND JAZZ STORY EDUCATION PROGRAMS WERE ALSO TAKEN TO MCKENDREE COLLEGE IN LEBANON, IL AND THE MISSOURI HISTORY MUSEUM, RESPECTIVELY. THE ALL-STAR CHORUS, MADE UP OF 25 STUDENTS, PERFORMED AT THE UNIVERSITY OF MISSOURI-ST. LOUIS'S TOUHILL PERFORMING ARTS CENTER FOR THE MLK DAY CELEBRATION IN JANUARY 2024. THE SHELDON ART GALLERIES ALSO INTRODUCES YOUNG PEOPLE TO A WIDE RANGE OF VISUAL ARTS - INCLUDING PHOTOGRAPHY, DRAWING, PAINTING, SCULPTURE, AND ARCHITECTURE THROUGH GALLERY TALKS. 1295459 COMMUNITY EVENTS AND BEVERAGE: BEGIN TO REBOUND, WITH SOME DELAYED RECOVERY BECAUSE RENTAL EVENTS TRADITIONALLY BOOK A YEAR IN ADVANCE. 226815 PRESERVATION AND OPERATION OF THE HISTORIC SHELDON CONCERT HALL. 246379 56516 VISUAL ARTS: THE SHELDON SEEKS TO PRESENT QUALITY EXHIBITIONS IN MANY DIVERSE GENRES - 10 EXHIBITIONS WERE SUCCESSFULLY PRESENTED IN THE SHELDON ART GALLERIES THAT SERVED OVER 14,643 ADULTS AND YOUNG PEOPLE. GOLF THE GALLERIES RETURNED FOR ITS 7TH SEASON WITH AN EXCITING GROUP OF 9 CREATIVE AND FUN HOLES CREATED BY LOCAL ARTISTS DURING THE SUMMER OF 2024. THE SHELDON ART GALLERIES HOSTED 4 ARTIST TALKS, 7 EDUCATION PROGRAMS/WORKSHOPS AS WELL AS GALLERY TOURS FOR STUDENTS AND GRADUATE AND BFA STUDIO VISITS FOR SOUTHERN ILLINOIS UNIVERSITY-EDWARDSVILLE, SOUTHERN ILLINOIS UNIVERSITY-CARBONDALE, AND UNIVERSITY OF ILLINOIS. 246379 56516 2921810 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 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 135 0 69 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 40 40 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 JAMES WATSON CHAIR 1.00 X X 0 0 0 CHRISTOPHER DANFORTH VICE 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 TOM RUWITCH CHAIR - GOVERNANCE 1.00 X X 0 0 0 MICHAEL WILLIAMS TREASURER/CHAIR - FINANCE 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 ASHLEY CASEY CHAIR - FRIENDS BOARD 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 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 MARTHA GARCIA KAMPEN BOARD MEMBER 1.00 X 0 0 0 TAMARA KEEFE BOARD MEMBER 1.00 X 0 0 0 JEAN KENNEDY BOARD MEMBER (TERM END 11/23) 1.00 X 0 0 0 WARD KLEIN BOARD MEMBER (TERM END 6/24) 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 JURI MCDOWELL MD BOARD MEMBER 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 DR RICHARD SHAW BOARD MEMBER 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 (DECEASED 5/24) 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 (TERM END 3/24) 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 PETER PALERMO EXECUTIVE DIRECTOR 35.00 X 213315 0 21298 JULIE PLOWMAN DEPUTY DIRECTOR/DIRECTOR OF FINANCE 35.00 X 138009 0 23760 351324 0 45058 2 0 1 0 TRIVERS ASSOCIATES INC 380 N 18TH STREET SUITE 100 ST LOUIS MO 63103 ARCHITECTURAL SERVICES 410760 BMW ENTERTAINMENT SERVICES PO BOX 21541 ST LOUIS MO 63132 SECURITY SERVICES 116960 2 356068 619241 3939699 31346 4915008 TICKET SALES 711110 623113 623113 623113 137489 137489 874484 635 813426 0 61058 635 61693 635 61058 576698 3000 358513 64762 218185 -61762 156423 156423 61940 356068 174275 -112335 -112335 666399 130945 535454 476922 58532 PARKING 812930 189034 189034 MISCELLANEOUS INCOME 711110 133065 133065 322099 6638944 945212 477557 301167 11545 11545 376781 182618 157507 36656 953698 575592 206845 171261 16843 9688 4490 2665 169806 104730 35558 29518 105884 60903 28224 16757 40251 8453 18918 12880 10718 10718 258057 137809 24656 95592 135234 74353 49200 11681 370314 321134 40760 8420 178808 159139 19669 3054 2443 611 629337 553817 75520 107874 94929 12945 ARTIST FEES/PRODUCTION 730275 624657 105618 DEVELOPMENT 50807 50807 4149286 2921810 685621 541855 880284 2612902 452499 1155887 738931 1037314 60254 87073 42950 31858 68588 67422 20856510 8796847 12255645 12059663 3101300 2889069 65665 64192 17666116 20005380 156278 238917 277156 163144 152581 45606 68899 73820 654914 521487 X 13668610 13187556 3342592 6296337 17011202 19483893 17666116 20005380 X 2489658 -14976 -1991 X 0 1 X 1 0 X 2515739 4235904 3105608 1877164 4915008 16649423 2515739 4235904 3105608 1877164 4915008 16649423 5125516 11523907 596498 108416 635825 666780 1011973 3019492 7342 80601 298186 791618 477557 1655304 21324219 3475303 0.54040 0.57810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47244 X X 0 2257220 248584 218264 2287540 2465475 5000 194745 408000 2257220 2409498 330000 -274023 2465475 1845811 3000 560687 2409498 1856769 3000 -13958 1845811 0.00000 0.44270 0.55730 0 0 777409 777409 17045014 7558894 9486120 3034087 1237953 1796134 12059663 ADVANCE DEPOSITS 56872 CURRENT PORTION OF OPERATING LEASE LIABILITIES 8767 OPERATING LEASE LIABILITIES 8181 73820 7167211 -14976 29438 14462 7152749 10718 -524523 -513805 6638944 4694520 29438 526514 555952 4138568 10718 10718 4149286 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 -219,303. COST OF GOODS SOLD -130,945. SPECIAL EVENTS EXPENSES -174,275. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 1,991. RENTAL EXPENSES 219,303. COST OF GOODS SOLD 130,945. SPECIAL EVENTS EXPENSES 174,275. ANNUAL GALA 319562 278262 41300 43427 35650 33884 FALLFRIENDS 1 83587 62947 20640 10514 39700 8463 1 14859 14859 2637 418008 356068 61940 53941 75350 44984 174275 -112335 1 MUSICAL INSTRUMENTS 52 11545 FMV VARIOUS MUSICAL INSTRUMUENTS X X X X 0 0 0 0 0 0 0 0 0 PETER PALERMO EXECUTIVE DIRECTOR 213315 0 0 0 0 0 3593 0 17705 0 234613 0 0 0 JULIE PLOWMAN DEPUTY DIRECTOR/DIRECTOR OF FINANCE 138009 0 0 0 0 0 3949 0 19811 0 161769 0 0 0 X 6 10371 PUBLICLY TRADED EXCHANGE X EVENT AUCTION ITEMS 16 13950 FMV X MUSICAL INSTRUMENTS 1 7025 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS MADE TO THE ORGANIZATION. 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 -1,991. MUSIC FOR LIFELONG ACHIEVEMENT LLC 3648 WASHINGTON AVENUE ST LOUIS MO 63108 431489756 CHARITABLE MO 0 0 THE SHELDON ARTS FOUNDATION