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Nonprofiteer
← THE VISUAL ARTS CENTER OF RICHMOND

Form 990 for tax year 2024

Filed by THE VISUAL ARTS CENTER OF RICHMOND.

Totals

Total revenue
$4,962,226
Total expenses
$3,065,367
Contributions and grants received
$3,315,508
Grants paid
$0
Program service revenue
$1,606,725
Investment income
$31,074
Other revenue
$8,919
Total assets, end of year
$7,632,034
Total liabilities, end of year
$423,518
Net assets or fund balances, end of year
$7,208,516
Program services expenses (Part IX)
$2,150,021
Management and general expenses
$357,726
Fundraising expenses
$557,620
Program service expenses (Part III)
$2,150,021

Program services were 70.1% 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.

  • 1b · Membership dues

    $111,388

  • 1c · Fundraising events

    $234,308

  • 1e · Government grants (contributions)

    $91,060

  • 1f · All other contributions, gifts and grants

    $2,878,752

  • 2a · Program service revenue: TUITION

    total $1,595,255 · related or exempt $1,595,255

  • 2b · Program service revenue: STUDIO RENTAL

    total $11,470 · related or exempt $11,470

  • 3 · Investment income

    total $31,074 · excluded $31,074

  • 6a · Gross rents

    real property $42,973

  • 6c · Rental income or loss

    real property $42,973

  • 6d · Net rental income or loss

    total $42,973 · excluded $42,973

  • 8a · Fundraising events: gross income

    $494,104

  • 8a · Fundraising events: contributions included on line 1c

    $234,308

  • 8b · Fundraising events: direct expenses

    $618,537

  • 8c · Net income from fundraising events

    total -$124,433

  • 10a · Gross sales of inventory

    $102,012

  • 10b · Cost of goods sold

    $11,633

  • 10c · Net income from sales of inventory

    total $90,379 · related or exempt $90,379

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $130,247 · program services $130,247

  • 7 · Other salaries and wages

    total $1,582,226 · program services $1,139,677 · management and general $96,206 · fundraising $346,343

  • 8 · Pension plan contributions

    total $11,655 · program services $8,643 · management and general $655 · fundraising $2,357

  • 9 · Other employee benefits

    total $105,623 · program services $78,327 · management and general $5,934 · fundraising $21,362

  • 10 · Payroll taxes

    total $79,873 · program services $59,232 · management and general $4,487 · fundraising $16,154

  • 11b · Fees: legal

    total $5,501 · program services $3,419 · management and general $712 · fundraising $1,370

  • 11c · Fees: accounting

    total $52,643 · program services $32,721 · management and general $6,813 · fundraising $13,109

  • 11g · Fees: other

    total $249,448 · program services $155,048 · management and general $32,283 · fundraising $62,117

  • 12 · Advertising and promotion

    total $19,127 · program services $3,749 · management and general $15,378

  • 13 · Office expenses

    total $40,380 · program services $36,951 · management and general $2,862 · fundraising $567

  • 14 · Information technology

    total $49,508 · program services $30,773 · management and general $6,407 · fundraising $12,328

  • 16 · Occupancy

    total $189,237 · program services $117,623 · management and general $24,491 · fundraising $47,123

  • 22 · Depreciation, depletion and amortization

    total $114,865 · program services $106,660 · management and general $8,205

  • 23 · Insurance

    total $19,300 · program services $11,996 · management and general $2,498 · fundraising $4,806

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $263,064 · program services $148,237 · management and general $114,827

  • 24b · Other expenses: OTHER SUPPLIES

    total $86,345 · program services $53,685 · management and general $11,151 · fundraising $21,509

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $26,615 · program services $15,514 · management and general $10,768 · fundraising $333

  • 24d · Other expenses: PROPERTY TAXES

    total $15,462 · program services $9,611 · management and general $2,001 · fundraising $3,850

  • 24e · All other expenses

    total $24,248 · program services $7,908 · management and general $12,048 · fundraising $4,292

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $191,108 · end of year $2,281,418

  • 2 · Savings and temporary cash investments

    beginning of year $2,500 · end of year $2,500

  • 3 · Pledges and grants receivable

    beginning of year $10,000

  • 4 · Accounts receivable

    beginning of year $20,036 · end of year $2,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,836 · end of year $28,832

  • 10a · Land, buildings and equipment: cost or other basis

    $6,546,384

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,844,693

  • 10c · Land, buildings and equipment, net

    beginning of year $3,862,625 · end of year $3,701,691

  • 15 · Other assets

    beginning of year $1,529,825 · end of year $1,615,093

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,781 · end of year $194,533

  • 19 · Deferred revenue

    beginning of year $293,280 · end of year $228,985

  • 27 · Net assets without donor restrictions

    beginning of year $4,287,735 · end of year $4,082,704

  • 28 · Net assets with donor restrictions

    beginning of year $929,134 · end of year $3,125,812

Mission and programs · 2024

Mission

CELEBRATE AND SUPPORT THE CREATIVE LIFE THROUGH ARTMAKING, EXHIBITIONS, AND COMMUNITY PROGRAMS.

  • EDUCATION: STUDIO CLASS PROGRAMS - FOR YOUTH AND ADULTS TO ENCOURAGE INDIVIDUAL EXPRESSION, SELF-DISCIPLINE, FOCUS AND CREATIVE EXPLORATION. RICHMOND, VA PUBLIC SCHOOL STUDENTS (ELEMENTARY & MIDDLE) RECEIVE FREE ART CLASSES AFTER SCHOOL. WE ALSO OFFER FREE PROGRAMMING FOR SENIORS AND SCHOLARSHIPS FOR PARTICIPANTS IN NEED.

    Expenses $1,497,935 · Revenue $1,595,255

  • SPECIAL EVENTS INCLUDING CRAFT & DESIGN SHOW AND OTHER SPECIAL PROGRAMS - SHOWCASE WORKS BY PROFESSIONAL ARTISTS.

  • EXHIBITION PROGRAM - PRESENTS CONTEMPORARY ART THAT MODELS CREATIVE EXCELLENCE. FREE AND OPEN TO THE GENERAL PUBLIC.

    Expenses $280,543

  • OUTREACH: ARTIST STUDIO RENTAL PROGRAM - PROVIDES LOCAL ARTISTS WITH AFFORDABLE CREATIVE SPACE IN A STUDIO SETTING.

    Expenses $371,543 · Revenue $11,470

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jordan Roeder

    EXECUTIVE DI

    Total calculated
    $111,458
    From this org
    $105,805
    From related orgs
    $0
    Other
    $5,653
    Hours/week
    40

  • Jenny Bassett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caprice Bragg

    GOVERNANCE C

    Total calculated
    $0
    Hours/week
    1

  • Julia Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine Chapman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcia Collier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Defino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sanford Sandy Bond Faia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Fletcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bernard Harkless

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Humble

    MARKETING CH

    Total calculated
    $0
    Hours/week
    1

  • Zachary P Hunt

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Virginia Ginny Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Enjoli Moon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Missy Neff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dianne Nordt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anna Powers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick De Ridder

    TREASURER/CH

    Total calculated
    $0
    Hours/week
    1

  • Diego Sanchez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eddie Terzimehic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Wilson

    VICE CHAIR

    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
2024
Filed
25 November 2025
IRS schema version
2024v5.0
Source object
202611339349301861

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