Creative Flagstaff prides itself on financial stewardship and transparency. Annually, we are entrusted with hundreds of thousands of dollars in governments grants, public contracts, generous philanthropic giving, and other grants.
The following resources are designed to provide a comprehensive view of our financial operations. For questions about our finances or operations, please email transparency@creativeflagstaff.org or contact Executive Director, Jonathan Stone, at 928-779-7019.
FY21 Budget
Our current budget reflects $1,047,650 in revenues and expenses including $180,000 in-kind lease provided by Coconino County for Coconino Center for the Arts.
Creative Flagstaff looks forward to the return of regular in-person programming. With the guidance of our strategic plan, future budgets post pandemic will represent diversified revenue as the organization grows to support new programs and initiatives.
Due to pandemic-driven uncertainty, the Creative Flagstaff board of directors adopted quarterly budgets for its current fiscal year which ends June 30, 2021. The current budget represents all four quarters and was adopted on March 24, 2021.
The budget reflects significant declines in program revenue, corporate sponsorship, and earned revenues such as facility rentals which are offset by federal stimulus and expense reduction. Early in the pandemic, FTE was reduced by .75. Other staff normally focused on programming at Coconino Center for the Arts were assigned to other projects during the facility’s closure.
Independent Audits
Beginning in 2017, a financial policy was adopted calling for Creative Flagstaff to be audited by an independent auditor at least every three years. The following audits are available for public inspection.
Flagstaff Arts Council is doing business as Creative Flagstaff. All financial documents are inclusive of all departments including Coconino Center for the Arts and ArtWalk FLG. Flagstaff Arts Council DBA Creative Flagstaff does not presently have ownership of any other corporations.
Please note, audits reflect $180,000 in annual in-kind facility lease expense. Matching in-kind revenue is accrued at the beginning of the lease period causing subsequent lease years to show a loss. For example, excluding the in-kind lease expense in FY20 would show modest positive retained earnings.
IRS Form 990
Our IRS Form 990 is available for inspection in our office and for download below.
- Form 990 for period ending June 2019
- Form 990 for period ending June 2018
- Form 990 for period ending June 2017
- Form 990 for period ending June 2016
- Form 990 for period ending June 2015
- Form 990 for period ending June 2014
- Form 990 for period ending June 2013
- Form 990 for period ending June 2012
- Form 990 for period ending June 2011
- Form 990 for period ending June 2010
- Form 990 for period ending June 2009
- Form 990 for period ending June 2008
- Form 990 for period ending June 2007
- Form 990 for period ending June 2006
- Form 990 for period ending June 2005
- Form 990 for period ending June 2004
- Form 990 for period ending June 2003
- Form 990 for period ending June 2001
Policy Documents
Our bylaws and the following policies guide our financial stewardship including the use of BBB tax-funded grants and our governance.
