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40 WEST ARTS INC

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Public IRS 990 nonprofit record

40 WEST ARTS INC

EIN 45-2729060 · Arts & Culture (A20)

What they do

Vision: to Accelerate The Re-emergence of Lakewoods Historic West Colfax Corridor As A Vibrant Creative Corridor and A Memorable Commercial Destination; Mission: to Enrich The Community and Enhance The Creative Cultural and Economic Vitality of The Historic West Colfax Corridor By Creating or Catalyzing Community Arts Spaces and Community Arts Events and By Facilitating Creative Enterprises Experiences and Activities In The District; Values: to Be An Inclusive Organization With A Commitment to Creativity That Inspires Artistic Experimentation for Both The Novice and Professional and Advances The Creative Cultural Entrepreneurial Economic and Physical Vitality of Our Community.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $81.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

103.12%of revenue went to mission work81.7% of expenses · Program services
$126.14spent for every $100 of revenueSpending was higher than revenue this year.
$0.25in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $73,582 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $38,000 for LIZ BLACK (PT EXEC DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$281,460
Mission workProgram services$290,240103.12% of revenue81.7% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$355,042126.14% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 81.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 126.14% of revenue
2023Expense mix: 79.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.02% of revenue
2022Expense mix: 87.7% mission · 7.8% management · 4.5% fundraisingTotal expenses: 84.01% of revenue
2021Expense mix: 54.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 115.23% of revenue

Money in and money out

Revenue$281,460
Expenses$355,042
Annual shortfall $73,582 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$290,240 · 81.7% of expenses
See all reported dollar amounts
Revenue$281,460
Expenses$355,042
Assets$90,062
Income$281,460
Contributions$281,460
Mission work (program services)$290,240
Accounting fees$6,300
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
LIZ BLACKPT EXEC DIRECTOR · 25 hrs/week $38,000Base · Other $38,000
TERRA MARKSGALLERY MANAGER · 20 hrs/week $34,000Base · Other $34,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

LIZ BLACKPT EXEC DIRECTOR

TERRA MARKSGALLERY MANAGER

JOE OTTBOARD MEMBER

JONATHANMARCANTONI

KATJA WALTONBOARD MEMBER AND VICE CHAIR

KEELY GARCIABOARD MEMBER AND BOARD SECRETARY

KEVIN YOSHIDABOARD MEMBER AND TREASURER

MELISSAESTEPP

OLIVIA GARIABOARD MEMBER

WILLIAM MARINOBOARD CHAIR

About this charity

Recognized since
January 2012
Location
6501 W Colfax Ave, Lakewood, CO 80214
County
Jefferson
In care of
William Marino
Primary officer
William Marino, Board Chair

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
NTEE classification
Arts & Culture (A20)
IRS tax category
Arts & Culture

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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