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VISUAL ARTS EXCHANGE

EIN 56-1287429 RALEIGH, NC

Revenue 2024
$273,047
Expenses 2024
$250,228

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
A510
Classification
2100
Street
909 W MORGAN ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

VAE produces, funds, and exhibits socially-engaged art through community collaboration.

  • VAE 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. VAEs fiscal sponsorship program allows the Organization to support individual artists and unincorporated artists groups through the provision of grant and donation-based fundraising opportunites under the Organizations nonprofit umbrella, as well as assitance in the management of their finances. The Orrganization is responsible for collecting funds restricted to the project and disbursing them in accordance with the projects approved guidelines.

    Expenses $106,070

  • VAE 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 Organizations main galleries in their flagship location, the Organization also hosts exhibitions in a collection of community exhibition spaces across the greater Triangle.

    Expenses $97,911 · Revenue $40,137

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • LaTissa Davis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gabie Frantz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pete Harvey

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Christina Hloros

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Crystal Ricevuto

    Co-Chair

    Total calculated
    $0
    Hours/week
    1

  • Kulsum Tasnif

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lamar Whidbee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Blust

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel Culbertson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jean Grey

    Co-Director

    Total calculated
    $0
    Hours/week
    1

  • Pete Sack

    Co-Director

    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $273,047
    Expenses
    $250,228
    Contributions
    $232,887
    Grants paid
    $0
  • 2023
    Revenue
    $243,877
    Expenses
    $462,577
    Contributions
    $240,545
    Grants paid
    $0
  • 2022
    Revenue
    $490,255
    Expenses
    $395,441
    Contributions
    $521,618
    Grants paid
    $2,500

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $303,641
    Expenses
    $448,805
    Assets (EOY)
    $240,777

  • 2020 · 990

    Revenue
    $639,000
    Expenses
    $449,471
    Assets (EOY)
    $382,055

  • 2019 · 990

    Revenue
    $619,496
    Expenses
    $577,301
    Assets (EOY)
    $218,462

  • 2018 · 990

    Revenue
    $537,391
    Expenses
    $537,208
    Assets (EOY)
    $140,626

  • 2017 · 990

    Revenue
    $492,115
    Expenses
    $494,119
    Assets (EOY)
    $137,803

  • 2016 · 990

    Revenue
    $420,577
    Expenses
    $409,836
    Assets (EOY)
    $149,270

  • 2015 · 990

    Revenue
    $379,334
    Expenses
    $394,065
    Assets (EOY)
    $154,477

  • 2014 · 990

    Revenue
    $365,825
    Expenses
    $359,439
    Assets (EOY)
    $160,782

  • 2013 · 990

    Revenue
    $344,075
    Expenses
    $338,675
    Assets (EOY)
    $166,320

  • 2013 · 990

    Revenue
    $344,075
    Expenses
    $338,675
    Assets (EOY)
    $166,320

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.