Trustees Of The Wood Art Gallery
- Assets
- $744.4k
- Revenue
- $238.0k
- Investments
- $80.2k
- Employees
- 15
- Location
- Montpelier, VT
- Founding
- 08/1946
- Data as of
- 12/2021
- EIN
- 03-0190572
Organization Overview
Trustees Of The Wood Art Gallery is located in Montpelier, VT. The organization was established in 1946. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Trustees Of The Wood Art Gallery employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Wood Art Gallery is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Trustees Of The Wood Art Gallery generated $238.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $194.3k during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ENRICHMENT THROUGH THE EXHIBIT OF THE COLLECTIONS, CONTEMPORARY EXHIBITS, ARTS EDUCATION AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Coleman Executive Director | Officer | 40 | $48,114 |
John Landy Board Treasurer | Officer | 15 | $0 |
Philli Robertson Board Vice-President & Curator | Trustee | 10 | $0 |
Elliott Bent Board President | Trustee | 5 | $0 |
Littleton Tyler Director | Trustee | 1 | $0 |
Linda Paradee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,860 |
| Fundraising events | $8,169 |
| Related organizations | $0 |
| Government grants | $24,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,881 |
| Total Program Service Revenue | $137,882 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,113 |
| Net Income from Fundraising Events | $42,931 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,114 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,048 |
| Office expenses | $950 |
| Information technology | $7,149 |
| Royalties | $0 |
| Occupancy | $31,785 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,629 |
| All other expenses | $0 |
| Total functional expenses | $194,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,535 |
| Savings and temporary cash investments | $10,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $559,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $80,151 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $744,389 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $359,047 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$2,121 |
| Total liabilities | $356,926 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $387,463 |
| Total liabilities and net assets/fund balances | $744,389 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Trustees Of The Wood Art Gallery has recieved totaling $21,900.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $13,000 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $7,900 |
Seidman Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitney Museum Of American Art New York, NY | $937,771,000 | $113,143,000 |
Solomon R Guggenheim Foundation New York, NY | $240,294,871 | $73,166,662 |
Brooklyn Institute Of Arts And Sciences Brooklyn, NY | $388,418,074 | $82,546,120 |
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Frick Collection New York, NY | $548,300,043 | $37,986,909 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
New Museum Of Contemporary Art New York, NY | $107,362,095 | $41,908,538 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Museum Of Arts And Design New York, NY | $100,702,289 | $12,680,439 |
Neue Galerie New York New York, NY | $114,494,920 | $18,242 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |