ACADEMY CENTER OF THE ARTS INC

As filed

Subsection

03

NTEE code

A61

Classification

2000

Street

600 MAIN 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 · 2025

• PROMOTION OF THE CREATIVE ARTS IN THE CENTRAL VIRGINIA AREA, THE ACADEMY PROVIDES 237 ART CLASSES OVER VARYING PERIODS FOR PERSONS RANGING FROM YOUNG CHILDREN TO SENIOR CITIZENS. OVER 4,871 PERSONS WERE SERVED VIA THESE CLASSES. THE ACADEMY ALSO PRESENTS ART SHOWS IN ITS GALLERY AND AT OTHER SPACES THROUGHOUT THE COMMUNITY. THESE PRESENTATIONS GIVE LOCAL ARTISTS A VENUE TO DISPLAY THEIR TALENTS. IT ALSO ALLOWS MEMBERS OF THE COMMUNITY TO BE ABLE TO VIEW QUALITY ARTWORK WITHOUT HAVING TO TRAVEL OUTSIDE OF THE GENERAL AREA.

  Expenses $5,023,817 · Revenue $2,987,417

• THE ACADEMY IS ALSO INVOLVED IN THE RESTORATION OF THE HISTORIC ACADEMY OF MUSIC THEATER IN LYNCHBURG, VIRGINIA. THE ACADEMY OF MUSIC THEATER IS A BUILDING DATING TO THE EARLY 1900'S. IT IS BOTH HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT TO THE LYNCHBURG AREA. THE THEATER PLAYED HOST TO SOME OF THE GREAT NAMES OF AMERICAN ENTERTAINMENT IN THE DAYS BEFORE MOVING PICTURES. THE EXPENSES ASSOCIATED WITH THIS ACTIVITY ARE PRESENT IN THE BALANCE SHEET IN THAT MOST, IF NOT ALL, EXPENDITURES ARE FOR CAPITALIZED ITEMS.

  Expenses $133,790

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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

• 2025

  Revenue

  $7,407,099

  Expenses

  $6,153,847

  Contributions

  $2,994,910

  Grants paid

  $0

• 2024

  Revenue

  $5,328,199

  Expenses

  $6,240,722

  Contributions

  $1,768,816

  Grants paid

  $0

• 2023

  Revenue

  $2,549,867

  Expenses

  $2,736,266

  Contributions

  $1,252,709

  Grants paid

  $0

• 2022

  Revenue

  $2,173,066

  Expenses

  $1,947,699

  Contributions

  $1,443,171

  Grants paid

  $0

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

  $2,992,535

  Expenses

  $1,497,145

  Assets (EOY)

  $41,266,969

• 2020 · 990

  Revenue

  $2,114,668

  Expenses

  $1,622,479

  Assets (EOY)

  $39,635,041

• 2019 · 990

  Revenue

  $2,151,569

  Expenses

  $1,874,503

  Assets (EOY)

  $39,303,252

• 2018 · 990

  Revenue

  $5,816,344

  Expenses

  $2,338,886

  Assets (EOY)

  $40,116,543

• 2016 · 990

  Revenue

  $1,911,921

  Expenses

  $1,727,617

  Assets (EOY)

  $34,523,067

• 2014 · 990

  Revenue

  $6,579,489

  Expenses

  $1,143,318

  Assets (EOY)

  $24,687,111

• 2013 · 990

  Revenue

  $2,874,451

  Expenses

  $1,276,793

  Assets (EOY)

  $19,599,491

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,366,158

  Assets (EOY)

  $18,416,662

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.

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

• DONOR ADVISED CHARITABLE GIVING

  $128,350

  2023 · EDUCATION

• DONOR ADVISED CHARITABLE GIVING

  $120,850

  2024 · EDUCATION

• THE US CHARITABLE GIFT TRUST

  $110,000

  2024 · FOR RECIPIENT'S EXEMPT PURPOSE

• DONOR ADVISED CHARITABLE GIVING

  $73,000

  2022 · EDUCATION

• GREATER LYNCHBURG COMMUNITY FOUNDATION

  $64,228

  2022 · COMMUNITY ACCESS PROGRAM, FIFTY FUND, ANNUAL DONOR-DESIGNATED GRANT

• THE US CHARITABLE GIFT TRUST

  $50,000

  2023 · FOR RECIPIENT'S EXEMPT PURPOSE

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $42,000

  2024 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $35,500

  2022 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $30,354

  2023 · For grant recipient's exempt purposes

• NATIONAL PHILANTHROPIC TR

  $30,154

  2024 · CULTURE & ARTS

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files