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Home My WebLink About11/19/2025 - Meeting Materials Salt Lake Arts Council Foundation Profit & Loss Budget vs. Actual July through October 2025 Jul-Oct 25 Budget $Over Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 0.00 53,805.00 -53,805.00 In-Kind SLC Dept Salaries&Ben 0.00 1,306,787.01 -1,306,787.01 SLC Nondepartmental 1,025,000.00 1,025,000.00 0.00 Total CITY 1,025,000.00 2,385,592.01 -1,360,592.01 CONTRIBUTIONS Corporate 15,000.00 55,000.00 -40,000.00 Foundations 925,690.33 955,690.00 -29,999.67 In-Kind 0.00 165,000.00 -165,000.00 Individuals 4,320.00 6,300.00 -1,980.00 Total CONTRIBUTIONS 945,010.33 1,181,990.00 -236,979.67 EARNED INCOME Beverage Sales Alcohol 0.00 29,000.00 -29,000.00 Total Beverage Sales 0.00 29,000.00 -29,000.00 Commissions 16,018.75 5,500.00 10,518.75 Merchandise Sales 120.00 Other Fees 15,149.25 8,600.00 6,549.25 Rental Fees 1,010.00 3,500.00 -2,490.00 Ticket Sales 30,000.00 30,000.00 0.00 Vendor Fees 0.00 14,000.00 -14,000.00 Total EARNED INCOME 62,298.00 90,600.00 -28,302.00 GOVERNMENT GRANTS County 17,942.00 200,000.00 -182,058.00 Federal 0.00 30,000.00 -30,000.00 State 46,500.00 46,500.00 0.00 Total GOVERNMENT GRANTS 64,442.00 276,500.00 -212,058.00 OTHER REVENUE Interest 13,954.11 30,000.00 -16,045.89 Miscellaneous Income 1,947.25 Total OTHER REVENUE 15,901.36 30,000.00 -14,098.64 Total REVENUE 2,112,651.69 3,964,682.01 -1,852,030.32 Total Income 2,112,651.69 3,964,682.01 -1,852,030.32 Gross Profit 2,112,651.69 3,964,682.01 -1,852,030.32 Expense EXPENSES Page 1 of 6 Jul-Oct 25 Budget $Over Budget General&Adminstrative Bank Fees 177.03 700.00 -522.97 Benefits 301.00 1,795.00 -1,494.00 Conference Fees 0.00 500.00 -500.00 Contracted Services 308,617.01 1,252,781.00 -944,163.99 Credit Card Fees 571.34 1,600.00 -1,028.66 Dues/Subscriptions/Publications 2,077.17 13,800.00 -11,722.83 Employee Screenings 0.00 500.00 -500.00 General Insurance 1,310.76 9,700.00 -8,389.24 In-Kind SLC Dept DED Expenses 0.00 53,805.00 -53,805.00 In-Kind SLC Dept Salaries&Ben 0.00 1,306,787.01 -1,306,787.01 Parking/Mileage 101.88 1,800.00 -1,698.12 Travel 25.00 5,881.00 -5,856.00 Utilities 2,738.65 10,000.00 -7,261.35 Total General&Adminstrative 315,919.84 2,659,649.01 -2,343,729.17 Program Expenses Advertising&Publicity 4,853.86 62,583.00 -57,729.14 Artist Commissions 5,565.00 3,850.00 1,715.00 Beverages Purchased Alcohol 0.00 8,000.00 -8,000.00 Non Alcohol 0.00 5,500.00 -5,500.00 Total Beverages Purchased 0.00 13,500.00 -13,500.00 Equipment Rental 15,401.61 171,750.00 -156,348.39 Food&Beverage 1,867.67 8,250.00 -6,382.33 Grant Expense Artist in the Classroom 21,000.00 21,000.00 0.00 General Support 324,050.00 333,000.00 -8,950.00 Project Support 86,000.00 146,000.00 -60,000.00 Total Grant Expense 431,050.00 500,000.00 -68,950.00 Graphics/Design Work 16.50 9,400.00 -9,383.50 Honoraria&Artist Fees 222,500.00 119,850.00 102,650.00 In-Kind Goods&Services 0.00 165,000.00 -165,000.00 Mailing 166.22 700.00 -533.78 Merchandise 0.00 3,500.00 -3,500.00 Miscellaneous Charge 1,300.45 8,711.00 -7,410.55 Payroll Taxes Federal Unemployment Tax 16.93 FICA 1,601.60 Payroll Taxes-Other 0.00 11,260.00 -11,260.00 Total Payroll Taxes 1,618.53 11,260.00 -9,641.47 Permits&Licenses 0.00 37,030.00 -37,030.00 Postage 156.00 2,400.00 -2,244.00 Page 2 of 6 Jul-Oct 25 Budget $Over Budget Printing 1,084.50 2 -21,815.50 Salaries&Wages 18,750.15 143,665.00 -124,914.85 Security 231.75 56,250.00 -56,018.25 Supplies 7,742.55 20,752.00 -13,009.45 Unemployment 351.36 5,000.00 -4,648.64 Total Program Expenses 712,656.15 1,366,351.00 -653,694.85 Total EXPENSES 1,028,575.99 4,026,000.01 -2,997,424.02 Payroll Expenses 0.00 Total Expense 1,028,575.99 4,026,000.01 -2,997,424.02 Net Ordinary Income 1,084,075.70 -61,318.00 1,145,393.70 Net Income 1,084,075.70 -61,318.00 1,145,393.70 Page 3 of 6 Salt Lake Arts Council Foundation 9:41 AM Profit & Loss Budget vs. Actual 11/14/2025 July through October 2025 Accrual Basis %of Budget Ordinary Income/Expense Income REVENUE CITY In-Kind SLC Dept DED Exp. 0.0% In-Kind SLC Dept Salaries&Ben 0.0% SLC Nondepartmental 100.0% Total CITY 42.97% CONTRIBUTIONS Corporate 27.27% Foundations 96.86% In-Kind 0.0% Individuals 68.57% Total CONTRIBUTIONS 79.95% EARNED INCOME Beverage Sales Alcohol 0.0% Total Beverage Sales 0.0% Commissions 291.25% Merchandise Sales Other Fees 176.15% Rental Fees 28.86% Ticket Sales 100.0% Vendor Fees 0.0% Total EARNED INCOME 68.76% GOVERNMENT GRANTS County 8.97% Federal 0.0% State 100.0% Total GOVERNMENT GRANTS 23.31% OTHER REVENUE Interest 46.51% Miscellaneous Income Total OTHER REVENUE 53.01% Total REVENUE 53.29% Total Income 53.29% Gross Profit 53.29% Expense EXPENSES Page 4 of 6 %of Budget General&Adminstrative Bank Fees 25.29% Benefits 16.77% Conference Fees 0.0% Contracted Services 24.64% Credit Card Fees 35.71% Dues/Subscriptions/Publications 15.05% Employee Screenings 0.0% General Insurance 13.51% In-Kind SLC Dept DED Expenses 0.0% In-Kind SLC Dept Salaries&Ben 0.0% Parking/Mileage 5.66% Travel 0.43% Utilities 27.39% Total General&Adminstrative 11.88% Program Expenses Advertising&Publicity 7.76% Artist Commissions 144.55% Beverages Purchased Alcohol 0.0% Non Alcohol 0.0% Total Beverages Purchased 0.0% Equipment Rental 8.97% Food&Beverage 22.64% Grant Expense Artist in the Classroom 100.0% General Support 97.31% Project Support 58.9% Total Grant Expense 86.21% Graphics/Design Work 0.18% Honoraria&Artist Fees 185.65% In-Kind Goods&Services 0.0% Mailing 23.75% Merchandise 0.0% Miscellaneous Charge 14.93% Payroll Taxes Federal Unemployment Tax FICA Payroll Taxes-Other 0.0% Total Payroll Taxes 14.37% Permits&Licenses 0.0% Postage 6.5% Page 5 of 6 %of Budget Printing 4.74% Salaries&Wages 13.05% Security 0.41% Supplies 37.31% Unemployment 7.03% Total Program Expenses 52.16% Total EXPENSES 25.55% Payroll Expenses Total Expense 25.55% Net Ordinary Income -1,767.96% Net Income -1,767.96% Page 6 of 6 _ 1 1 � • • Finch Lane's role 0 Program momentum • Art Barn history 0 Municipal gallery impact • Strategic Plan connection * Looking ahead • Current exhibitions • 2026 exhibition year • Artists & mediums SALT LAKE CITY AffS • City's municipal gallery • public ublic access • Supports Utah artists Ai. 1 • Non-commercial space • Welcoming to residents i /per ip i l .'i f• � 4 ART BARN HISTORY �SALt l.-real- 1 i-V A KV ) C-LiL.Nt� Iqf �_ ■� �� wpi .• - - 4 i } STRATEGIC P A IGNMENT d1 SALT LAKE CITY C O U N C I L Strategic Plan �-- 2021 -2026 m2mr NJ 5 M 26 MM71 - Nov lit" 0? Holly Rios Carlissa Whells : Perspectives of SALT LAKF ('ITY FINCH LANE Women in Print A1110 GALLERY Dan Evans : Peripheral I , I , COUNCIL Dependencies • Reception : Nov21 Fri, Nov 21, 6-9pm Dec• Gallery Stroll : OpeningReception Perspectives of Women in Print • • Final show of • Curated by Holly Rios and Carlissa Whells Peripheral Dependencies • Dan Evans 1 . • Seven sessions • 150 proposals received • 14 selected • Emerging + established 2026 IRTISTSJWEDIUMS Jan—Feb: • Ben Bloch • Carol Sogard Jul—Sept: Mar—Apr: • Lizzie Windsor • Brenna Cooper • Jill Saxton Smith • Benjamin • Jeremiah Parkin • Bianca Childress Velasquez Apr—May: Sept—Oct: • Susan Kirby • Hannah Vaughn • Virginia Lowe • Aurora Hughes Jun—Jul: Villa • Laura Hope Mason • Claire • Janimarie Lester DeRose Tollstrup Nov—Dec: • Elizabeth Sanchez • Michelle • Stephanie Leitch • Sri Whipple Wentling • Zak Jensen • Maddison Colvin James Talbot r • Rising attendance • More artists served • High proposal volume r • Statewide reach k • Strong partnerships ' R • FY24: 31600 visitors • FY25 : 4,600+ visitors ,1 m3m Alk { • Free public access ' • Supports artistic risk r : :a • Stable city presence • Centrally located venue • Fills market gaps y = • Meaningful artist opportunities r . - Mill • Attend openings -� • Join Gallery Stroll - • Meet artists • Visible leadership ' • Support public arts - R s_ f r r �r 1 LOOKING HEAD r. SALT LAKE CITY Ania F F COU NC I L ChangeS Goal: Update Committee to ByLaws Structure Correct to current procedures # of Board Members Reduce total number from 25 to a range of 15 to 20 . t �ba � \, 1�, 5 �� Rk�a } i �y b��i a� � ��. �„r `�`.l� ..�y�i+.. ,1 � � .Yi'�j � \`�'i,. i _ � � :_Y �� ,'S1 ,� .F.w 4�• _ y_ _ `�\ �3g. ., if�V � ./ V i l,\� _ _� '.a �. \\ ,�'� J ,!I �. -- _ _, _ 5� F�"i 1. h� .�, - _ -y. ., Board Member Grant Reviewing Responsibility - Approx 30 grants to read annually - Minimum of 9 board members - Must take at least one grant assignment during 3 year term C. i t \ r Ilk 411 i or b 1 ilk b. Grants Committee. The Grants Committee shall be appointed annually by the Council Chair in consultation with the Executive Committee and the Executive Director. This committee shall develop criteria for the review of applications for funding and shall submit recommendation to the Council for approval or modification and consider the recommendation of the grant reviewers before submitting its final recommendations to the Council for approval or modification. The grants committee shall consist of at least three (3) Council members. In addition to the grants committee, all board members will be invited to review grants annually, with a minimum of 9 additional reviewers each year. The responsibility of reviewing grants will be in addition to any other committee assignment. Every board member will be expected to review grants as part of their board responsibilities during their board term. + 0 �. I �_ ., Z- # _ _ - '�� . �;� , � � �_ � � . �, � -, t "-5,, . . �,�/ L � Committees Executive (Chair, Vice Chair, Secretary, Treasurer, At Large) Grants (3) Governance (2+) Other (as defined) City County Building Committee ( 1 ) 0 • O v e� .Al fA j