Totals
- Total revenue
- $569,531
- Total expenses
- $312,223
- Contributions and grants received
- $248,256
- Grants paid
- $199,463
- Program service revenue
- $60,779
- Investment income
- $260,496
- Other revenue
- $0
- Total assets, end of year
- $4,236,571
- Total liabilities, end of year
- $21,500
- Net assets or fund balances, end of year
- $4,215,071
- Program services expenses (Part IX)
- $199,463
- Management and general expenses
- $112,760
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $199,463
Program services were 63.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$248,256
-
1g · Noncash contributions included above
$30,915
-
2f · All other program service revenue
total $60,779 · related or exempt $60,779
-
3 · Investment income
total $177,333 · excluded $177,333
-
7a · Gross sales of assets other than inventory
securities $84,378
-
7b · Less cost or other basis and sales expenses
securities $1,215
-
7c · Gain or loss
securities $83,163
-
7d · Net gain or loss
total $83,163 · excluded $83,163
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $199,463 · program services $199,463
-
11a · Fees: management
total $112,760 · management and general $112,760
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $73,660 · end of year $241,988
-
3 · Pledges and grants receivable
beginning of year $156,000 · end of year $86,685
-
10a · Land, buildings and equipment: cost or other basis
$86,009
-
10b · Land, buildings and equipment: accumulated depreciation
$86,009
-
10c · Land, buildings and equipment, net
beginning of year $4,166 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,031,812 · end of year $945,863
-
12 · Investments: other securities
beginning of year $3,253,299 · end of year $2,340,109
-
15 · Other assets
beginning of year $591,011 · end of year $621,926
-
18 · Grants payable
beginning of year $3,550 · end of year $21,500
-
27 · Net assets without donor restrictions
beginning of year $836,423 · end of year $256,327
-
28 · Net assets with donor restrictions
beginning of year $4,269,975 · end of year $3,958,744
Mission and programs · 2022
Mission
THE MISSION OF THE VISUAL ARTS FOUNDATION IS TO ADVANCE THE ARTS AS BOTH INDIVIDUAL VOCATION AND SOCIAL FORCE. THE FOUNDATION SUPPORTS EMERGING ARTISTS AND BROADENS AUDIENCES FOR THEIR WORK, FOSTERS A CLIMATE THAT VALUES AND SEEKS UNDERSTANDING OF THE ARTS, AND INCREASES VISUAL LITERACY AND APPRECIATION FOR "THE ARTIST'S LIFE".
Activities or mission (Part I)
A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES SCHOLARSHIPS FOR DESERVING STUDENTS STUDYING ART
-
SCHOLARSHIPS, GRANTS, AND AWARDS FOR DESERVING STUDENTS PURSUING COURSES IN THE FIELD OF ART.
Expenses $199,463
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David RhodesDAVID RHODES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dee ItoDEE ITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul DavisPAUL DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patti GreaneyPATTI GREANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bashan AquartBASHAN AQUART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey NesinJEFFREY NESIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline HoffnerJACQUELINE HOFFNER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301719349300325
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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