Form 990 for tax year 2023
Filed by THE VISUAL ARTS CENTER OF RICHMOND.
Totals
- Total revenue
- $2,836,190
- Total expenses
- $3,173,080
- Contributions and grants received
- $872,627
- Grants paid
- $0
- Program service revenue
- $1,877,182
- Investment income
- $30,201
- Other revenue
- $56,180
- Total assets, end of year
- $5,649,930
- Total liabilities, end of year
- $433,061
- Net assets or fund balances, end of year
- $5,216,869
- Program services expenses (Part IX)
- $2,388,940
- Management and general expenses
- $297,650
- Fundraising expenses
- $486,490
- Program service expenses (Part III)
- $2,388,940
Program services were 75.3% 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
$105,390
-
1e · Government grants (contributions)
$93,591
-
1f · All other contributions, gifts and grants
$673,646
-
2a · Program service revenue: TUITION
total $1,402,120 · related or exempt $1,402,120
-
2b · Program service revenue: SPECIAL EVENTS
total $462,737 · related or exempt $462,737
-
2c · Program service revenue: STUDIO RENTAL
total $12,325 · related or exempt $12,325
-
3 · Investment income
total $28,458 · excluded $28,458
-
6a · Gross rents
real property $41,591
-
6c · Rental income or loss
real property $41,591
-
6d · Net rental income or loss
total $41,591 · excluded $41,591
-
7a · Gross sales of assets other than inventory
securities $1,832
-
7b · Less cost or other basis and sales expenses
securities $89
-
7c · Gain or loss
securities $1,743
-
7d · Net gain or loss
total $1,743 · excluded $1,743
-
10a · Gross sales of inventory
$35,580
-
10b · Cost of goods sold
$20,991
-
10c · Net income from sales of inventory
total $14,589 · related or exempt $14,589
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $105,893 · program services $81,537 · management and general $5,295 · fundraising $19,061
-
7 · Other salaries and wages
total $1,586,122 · program services $1,221,314 · management and general $79,306 · fundraising $285,502
-
8 · Pension plan contributions
total $5,789 · program services $4,458 · management and general $289 · fundraising $1,042
-
9 · Other employee benefits
total $86,096 · program services $66,294 · management and general $4,305 · fundraising $15,497
-
10 · Payroll taxes
total $78,537 · program services $60,473 · management and general $3,927 · fundraising $14,137
-
11b · Fees: legal
total $1,530 · program services $1,112 · management and general $141 · fundraising $277
-
11c · Fees: accounting
total $65,490 · program services $47,608 · management and general $6,017 · fundraising $11,865
-
11g · Fees: other
total $231,849 · program services $168,544 · management and general $21,300 · fundraising $42,005
-
12 · Advertising and promotion
total $55,735 · program services $31,511 · management and general $24,224
-
13 · Office expenses
total $43,882 · program services $39,163 · management and general $4,680 · fundraising $39
-
14 · Information technology
total $54,932 · program services $39,933 · management and general $5,047 · fundraising $9,952
-
16 · Occupancy
total $238,781 · program services $173,582 · management and general $21,937 · fundraising $43,262
-
22 · Depreciation, depletion and amortization
total $165,002 · program services $132,003 · management and general $8,249 · fundraising $24,750
-
23 · Insurance
total $21,508 · program services $15,635 · management and general $1,976 · fundraising $3,897
-
24a · Other expenses: PROGRAM SUPPLIES
total $209,197 · program services $127,008 · management and general $82,189
-
24b · Other expenses: MEALS & ENTERTAINMENT
total $128,692 · program services $114,495 · management and general $13,988 · fundraising $209
-
24c · Other expenses: OTHER SUPPLIES
total $78,400 · program services $56,993 · management and general $7,203 · fundraising $14,204
-
24d · Other expenses: LICENSES & FEES
total $7,656 · program services $5,867 · management and general $1,789
-
24e · All other expenses
total $7,989 · program services $1,410 · management and general $5,788 · fundraising $791
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $538,555 · end of year $191,108
-
2 · Savings and temporary cash investments
end of year $2,500
-
3 · Pledges and grants receivable
beginning of year $18,016 · end of year $10,000
-
4 · Accounts receivable
beginning of year $150 · end of year $20,036
-
9 · Prepaid expenses and deferred charges
beginning of year $24,143 · end of year $33,836
-
10a · Land, buildings and equipment: cost or other basis
$6,543,225
-
10b · Land, buildings and equipment: accumulated depreciation
$2,680,600
-
10c · Land, buildings and equipment, net
beginning of year $4,000,732 · end of year $3,862,625
-
15 · Other assets
beginning of year $1,302,935 · end of year $1,529,825
-
17 · Accounts payable and accrued expenses
beginning of year $153,540 · end of year $139,781
-
19 · Deferred revenue
beginning of year $236,375 · end of year $293,280
-
27 · Net assets without donor restrictions
beginning of year $4,577,840 · end of year $4,287,735
-
28 · Net assets with donor restrictions
beginning of year $916,776 · end of year $929,134
Mission and programs · 2023
Mission
THE VISUAL ARTS CENTER OF RICHMOND ENGAGES THE COMMUNITY IN THE CREATIVE PROCESS THROUGH THE VISUAL ARTS.
-
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 $1,284,155 · Revenue $1,402,120
-
SPECIAL EVENTS INCLUDING CRAFT & DESIGN SHOW AND OTHER SPECIAL PROGRAMS - SHOWCASE WORKS BY PROFESSIONAL ARTISTS.
Expenses $531,185 · Revenue $462,737
-
EXHIBITION PROGRAM - PRESENTS CONTEMPORARY ART THAT MODELS CREATIVE EXCELLENCE. FREE AND OPEN TO THE GENERAL PUBLIC.
Expenses $231,880
-
OUTREACH: ARTIST STUDIO RENTAL PROGRAM - PROVIDES LOCAL ARTISTS WITH AFFORDABLE CREATIVE SPACE IN A STUDIO SETTING.
Expenses $341,720 · Revenue $12,325
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jordan BrownJORDAN BROWN
EXECUTIVE DI
- Total calculated
- $105,892
- From this org
- $100,000
- From related orgs
- $0
- Other
- $5,892
- Hours/week
- 40
-
Kate AckerlyKATE ACKERLY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jenny BassettJENNY BASSETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caprice BraggCAPRICE BRAGG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julia CarrJULIA CARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcia CollierMARCIA COLLIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan DefinoBRYAN DEFINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sanford Sandy Bond FaiaSANFORD SANDY BOND FAIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne FletcherANNE FLETCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca GrayREBECCA GRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve HumbleSTEVE HUMBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zachary P HuntZACHARY P HUNT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Karen KellyKAREN KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Virginia Ginny LewisVIRGINIA GINNY LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sue Ann Sam MessmerSUE ANN SAM MESSMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dianne NordtDIANNE NORDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan ParishSUSAN PARISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caitlin PoradaCAITLIN PORADA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Anna PowersANNA POWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick De RidderPATRICK DE RIDDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diego SanchezDIEGO SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane SperJANE SPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eddie TerzimehicEDDIE TERZIMEHIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clare TiltonCLARE TILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Norvell WhitakerNORVELL WHITAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff WilsonJEFF WILSON
SECRETARY
- 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
- 2023
- Filed
- 20 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423519349300952
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