Totals
- Total revenue
- $490,255
- Total expenses
- $395,441
- Contributions and grants received
- $521,618
- Grants paid
- $2,500
- Program service revenue
- $14,350
- Investment income
- $395
- Other revenue
- -$46,108
- Total assets, end of year
- $627,734
- Total liabilities, end of year
- $316,868
- Net assets or fund balances, end of year
- $310,866
- Program services expenses (Part IX)
- $331,567
- Management and general expenses
- $39,567
- Fundraising expenses
- $24,307
- Program service expenses (Part III)
- $331,567
Program services were 83.8% 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.
-
1c · Fundraising events
$50,940
-
1e · Government grants (contributions)
$130,743
-
1f · All other contributions, gifts and grants
$339,935
-
1g · Noncash contributions included above
$2,000
-
2a · Program service revenue: COMMUNITY EXHIBIT VENUE FEES
total $7,350 · related or exempt $7,350
-
2b · Program service revenue: OTHER SERVICE FEES
total $4,000 · related or exempt $4,000
-
2c · Program service revenue: RENTAL INCOME
total $3,000 · related or exempt $3,000
-
3 · Investment income
total $395 · excluded $395
-
8a · Fundraising events: gross income
$8,968
-
8a · Fundraising events: contributions included on line 1c
$50,940
-
8b · Fundraising events: direct expenses
$55,076
-
8c · Net income from fundraising events
total -$46,108 · excluded -$46,108
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500 · program services $2,500
-
5 · Compensation of officers, directors and key employees
total $71,969 · program services $51,098 · management and general $8,636 · fundraising $12,235
-
7 · Other salaries and wages
total $77,857 · program services $58,146 · management and general $16,761 · fundraising $2,950
-
9 · Other employee benefits
total $16,672 · program services $12,156 · management and general $2,826 · fundraising $1,690
-
10 · Payroll taxes
total $11,276 · program services $8,222 · management and general $1,911 · fundraising $1,143
-
11c · Fees: accounting
total $11,270 · program services $10,143 · management and general $676 · fundraising $451
-
11g · Fees: other
total $60,473 · program services $57,527 · management and general $1,769 · fundraising $1,177
-
12 · Advertising and promotion
total $535 · program services $521 · management and general $8 · fundraising $6
-
13 · Office expenses
total $996 · program services $924 · management and general $43 · fundraising $29
-
16 · Occupancy
total $87,604 · program services $78,942 · management and general $5,198 · fundraising $3,464
-
22 · Depreciation, depletion and amortization
total $2,056 · program services $1,850 · management and general $124 · fundraising $82
-
23 · Insurance
total $6,129 · program services $5,531 · management and general $359 · fundraising $239
-
24a · Other expenses: EVENT EXPENSES
total $18,267 · program services $17,329 · management and general $563 · fundraising $375
-
24b · Other expenses: OTHER OPERATING EXPENSE
total $15,258 · program services $14,421 · management and general $501 · fundraising $336
-
24c · Other expenses: PRINTING & POSTAGE
total $11,845 · program services $11,588 · management and general $154 · fundraising $103
-
24d · Other expenses: BANK & CREDIT CARD FEES
total $393 · program services $362 · management and general $18 · fundraising $13
-
24e · All other expenses
total $341 · program services $307 · management and general $20 · fundraising $14
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $103,014 · end of year $62,366
-
2 · Savings and temporary cash investments
beginning of year $84,212 · end of year $59,607
-
3 · Pledges and grants receivable
beginning of year $31,845 · end of year $194,596
-
4 · Accounts receivable
beginning of year $5,077 · end of year $2,110
-
9 · Prepaid expenses and deferred charges
beginning of year $132
-
10a · Land, buildings and equipment: cost or other basis
$14,813
-
10b · Land, buildings and equipment: accumulated depreciation
$6,910
-
10c · Land, buildings and equipment, net
beginning of year $9,959 · end of year $7,903
-
15 · Other assets
beginning of year $6,538 · end of year $301,152
-
17 · Accounts payable and accrued expenses
beginning of year $12,601 · end of year $15,150
-
18 · Grants payable
beginning of year $16,500
-
25 · Other liabilities
beginning of year $0 · end of year $301,718
-
27 · Net assets without donor restrictions
beginning of year $125,014 · end of year $16,322
-
28 · Net assets with donor restrictions
beginning of year $86,662 · end of year $294,544
Mission and programs · 2022
Mission
VAE PRODUCES, FUNDS, AND EXHIBITS SOCIALLY-ENGAGED ART THROUGH COMMUNITY COLLABORATION.
-
FUNDING AND FISCAL SPONSORSHIPVAE PROVIDES DIRECT SUPPORT TO ARTISTS CHIEFLY THROUGH ITS LARGEST FUNDING INITIATIVE: THE SNAPDRAGON FUND, A REGIONAL REGRANTING PROGRAM MADE POSSIBLE THROUGH FUNDING FROM THE ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS. THE FUND PROVIDES $60,000 OF FUNDING FOR INDIVIDUAL ARTISTS EACH YEAR. THIS FUNDING IS SPLIT ACROSS 3 CATEGORIES: 8 PROJECT GRANTS OF $5,000, 5 RESEARCH GRANTS OF $2,000, AND 20 MICRO GRANTS OF $500.VAE'S FISCAL SPONSORSHIP PROGRAM ALLOWS THE ORGANIZATION TO SUPPORT INDIVIDUAL ARTISTS AND UNINCORPORATED ARTIST GROUPS THROUGH THE PROVISION OF GRANT AND DONATION-BASED FUNDRAISING OPPORTUNITIES UNDER THE ORGANIZATION'S NONPROFIT UMBRELLA, AS WELL AS ASSISTANCE IN THE MANAGEMENT OF THEIR FINANCES. THE ORGANIZATION IS RESPONSIBLE FOR COLLECTING FUNDS RESTRICTED TO THE PROJECT AND DISBURSING THEM IN ACCORDANCE WITH THE PROJECT'S APPROVED GUIDELINES.
Expenses $173,660 · Grants $1,000
-
PROJECTS AND EXHIBITIONSVAE ORGANIZES THE BULK OF ITS PROGRAMMING INTO LARGE-SCALE PROJECTS THAT INCLUDE EXHIBITIONS AND COMMUNITY EVENTS. THESE PROJECTS FOCUS ON HIGHLIGHTING THE CREATIVE CONTRIBUTIONS OF PEOPLE WHO ARE OFTEN MARGINALIZED FROM THE CONTEMPORARY ART WORLD AND BUILDING TRUST WITH NEW COMMUNITIES. VAE PRODUCES BETWEEN 6 AND 20 EXHIBITIONS EACH YEAR, DISPLAYING WORKS FROM A GROWING ARRAY OF CONTEMPORARY ARTISTS. IN ADDITION TO THE ORGANIZATION'S MAIN GALLERIES IN THEIR FLAGSHIP LOCATION, THE ORGANIZATION ALSO HOSTS EXHIBITIONS IN A COLLECTION OF COMMUNITY EXHIBITION SPACES ACROSS THE GREATER TRIANGLE.
Expenses $157,907 · Grants $1,500 · Revenue $14,350
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sophie McMillianSOPHIE MCMILLIAN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Liani YirkaLIANI YIRKA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Pete HarveyPETE HARVEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kinard BarnettKINARD BARNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristy Garcia BrenemanKRISTY GARCIA BRENEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Latissa DavisLATISSA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ilina EwenILINA EWEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabie FrantzGABIE FRANTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah KordulewskiSARAH KORDULEWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sally PlylerSALLY PLYLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erica PorterERICA PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kulsum TasnifKULSUM TASNIF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cecilia ZuvicCECILIA ZUVIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandon CordreyBRANDON CORDREY
EXECUTIVE DIRECTOR
- Total calculated
- $4,231
- From this org
- $4,231
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kayla ColemanKAYLA COLEMAN
EXECUTIVE DIRECTOR
- Total calculated
- $65,795
- From this org
- $65,795
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 18 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430459349302203
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.