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← TRUSTEES OF THE TW WOOD GALLERY

Form 990 for tax year 2023

Filed by TRUSTEES OF THE TW WOOD GALLERY.

Totals

Total revenue
$280,040
Total expenses
$296,687
Contributions and grants received
$73,072
Grants paid
$0
Program service revenue
$190,218
Investment income
$16,750
Other revenue
$0
Total assets, end of year
$683,081
Total liabilities, end of year
$348,932
Net assets or fund balances, end of year
$334,149
Program services expenses (Part IX)
$197,424
Management and general expenses
$79,801
Fundraising expenses
$19,462
Program service expenses (Part III)
$197,424

Program services were 66.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $1,135

  • 1c · Fundraising events

    $2,493

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $37,265

  • 1f · All other contributions, gifts and grants

    $32,179

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Childrens After School and Camp Programs

    total $184,201 · related or exempt $184,201 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Rents fees art work

    total $6,017 · related or exempt $6,017 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,330 · related or exempt $12,330

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $9,692

  • 7b · Less cost or other basis and sales expenses

    other assets $5,272

  • 7c · Gain or loss

    securities $0 · other assets $4,420

  • 7d · Net gain or loss

    total $4,420 · related or exempt $4,420

  • 8a · Fundraising events: gross income

    $0

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

    $2,493

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $64,590 · program services $12,918 · management and general $38,754 · fundraising $12,918

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $106,445 · program services $85,800 · management and general $18,580 · fundraising $2,065

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $19,903 · program services $11,451 · management and general $6,714 · fundraising $1,738

  • 11c · Fees: accounting

    total $4,740 · management and general $4,740

  • 11g · Fees: other

    total $6,639 · program services $6,399 · fundraising $240

  • 12 · Advertising and promotion

    total $2,501 · fundraising $2,501

  • 13 · Office expenses

    total $20,711 · program services $16,146 · management and general $4,565

  • 14 · Information technology

    total $1,239 · management and general $1,239

  • 16 · Occupancy

    total $47,268 · program services $45,027 · management and general $2,241

  • 19 · Conferences, conventions and meetings

    total $368 · management and general $368

  • 23 · Insurance

    total $16,357 · program services $13,757 · management and general $2,600

  • 24e · All other expenses

    total $5,926 · program services $5,926

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,449 · end of year $40,978

  • 2 · Savings and temporary cash investments

    beginning of year $11,019 · end of year $46,752

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,200 · end of year $198

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $9,921 · end of year $7,341

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $541,762

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

    $33,358

  • 10c · Land, buildings and equipment, net

    beginning of year $559,755 · end of year $508,404

  • 12 · Investments: other securities

    beginning of year $67,201 · end of year $79,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,265 · end of year $6,883

  • 23 · Secured mortgages and notes payable

    beginning of year $353,440 · end of year $337,467

  • 25 · Other liabilities

    beginning of year $2,044 · end of year $4,582

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $350,796 · end of year $334,149

Mission and programs · 2023

Mission

Community enhancement through the exhibit of art from the collections and contemporary artists, arts education and community engagement.

Activities or mission (Part I)

Community enrichment through the exhibit of the collections, contemporary exhibits, arts education and community engagement.

  • Educational Programs: Approximately 250 children sessions were attended in art education programs over the course of the year (after school, breaks and summer camps). These programs were designed to stimulate the imagination and creativity of our youngest constituents. This was especially crucial as flood struck Montpelier's downtown in July requiring a safe place for children to go during the day while adults dealt with cleanup.

    Expenses $161,661 · Revenue $181,688

  • Art Exhibits: The gallery welcomed approximately 6,000 visitors to varied art exhibits of the permanent collections, feature local artists and numerous Vermont based arts organizations.

    Expenses $19,162 · Revenue $9,692

  • Curatorial: TWW maintains, preserves and exhibits a collection of over 2,000 artworks. These collections are a treasured community asset exhibited onsite and shared with Vermont institutions including the Vermont State House, Vermont Historical Society, Montpelier City Hall and the Kellogg Hubbard Library.

    Expenses $16,601 · Revenue $1,910

As filed on the 2023 return.

Listed in Part VII

  • Margaret Coleman

    Executive Director

    Total calculated
    $36,277
    From this org
    $36,277
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sabrina Fadial

    Executive Director

    Total calculated
    $28,313
    From this org
    $28,313
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Therese Mageau

    President

    Total calculated
    $0
    Hours/week
    10

  • Elliott Bent

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Phillip Robertson

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Miccal MCMullen

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Justin Turcotte

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Jack McCullough

    Trustee

    Total calculated
    $0
    Hours/week
    5

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
2023
Filed
20 October 2025
IRS schema version
2023v6.0
Source object
202523159349305212

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