Sheldon Arts Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Sheldon Arts Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"The Sheldon Arts Foundation is dedicated to enriching the Greater St. Louis region and beyond with a wide range of music, visual arts and educational programs of the highest quality, diversity and educational impact and to the preservation and operation of the historic Sheldon Concert Hall and the adjoining Sheldon Art Galleries."
Year, State Incorporated:
1989, MO
The Sheldon is a multi-disciplinary arts presenter, home to a visual art gallery and world class concert hall. The Sheldon seeks to change lives and strengthen our community by providing access to world class art for all. Additionally, The Sheldon provides a wide range of educational programs, both virtually and in person, that integrate the arts into curriculum and reach tens of thousands of children every year. Among our many education programs are some that introduce students to visual and performing arts, teach history through song, or use music to instruct in STEM related subjects.
For the year ended June 30, 2024, Sheldon Arts Foundation's program expenses were:
| Programs | $3,354,051 |
| Total Program Expenses | $3,354,051 |
Chief Executive
Peter Palermo, Executive Director
Compensation*
$234,613
Chair of the Board
Cheryl Walker, Community Volunteer
Chair's Profession / Business Affiliation
Board Size
42
Paid Staff Size
18
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Radio, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Sheldon Arts Foundation's audited financial statements - consolidated for the year ended June 30, 2024.
Source of Funds
| Grants and Donations | $4,650,361 |
| Rental, Beverage, and Other Income | $1,266,494 |
| Program Revenue | $626,113 |
| Annual Gala | $305,612 |
| Realized and Unrealized Gains on Investments | $203,209 |
| Interest and Dividends | $126,771 |
| Annual Gala In Kind | $33,388 |
| Grants and Donations In Kind | $17,025 |
| Total Income | $7,228,973 |
Programs: 71% Fundraising: 13% Administrative: 16%
| Total Income | $7,228,973 |
| Total expenses: | $4,756,282 |
| Program expenses | $3,354,051 |
| Fundraising expenses | $595,502 |
| Administrative expenses | $742,976 |
| Other expenses | $63,753 |
| Income in Excess of Expenses | $2,472,691 |
| Beginning Net Assets | $17,011,202 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $19,483,893 |
| Total Liabilities | $521,487 |
| Total Assets | $20,005,380 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Eastern & Southwest Missouri & Southern Illinois