Visual Studies Workshop Inc
- Assets
- $1.5m
- Revenue
- $348.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Rochester, NY
- Founding
- 10/1994
- Data as of
- 06/2020
- EIN
- 16-0991020
Organization Overview
Visual Studies Workshop Inc is located in Rochester, NY. The organization was established in 1994. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Visual Studies Workshop Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visual Studies Workshop Inc 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 06/2020, Visual Studies Workshop Inc generated $348.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $365.2k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT AN EDUCATIONAL MEDIA ARTS CENTER AND RELATED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOP PRESS & PRINTSHOPS: CLASSES, ACCESS PROGRAMS, RESIDENCIES, INTERNSHIPS & OFFSET PRINTING EMPHASIZE THE INTEGRATION OF TEXT AND IMAGE AND OF TRADITIONAL AND DEVELOPING TECHNIQUES.
RESEARCH CENTER: ARCHIVES IN BOOKS, MAGAZINES AND PHOTOGRAPHS USED FOR RESEARCH. IT IS OPEN TO THE PUBLIC AND ALL EDUCATIONAL FACILITIES THROUGHOUT THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tate Shaw Director | Officer | 40 | $78,605 |
Jessica Johnston Assistant Director | Officer | 40 | $58,978 |
Joan Lyons Member | OfficerTrustee | 0.5 | $0 |
Roger Bruce President | OfficerTrustee | 0.5 | $0 |
Richard M Leicht Treasurer | OfficerTrustee | 0.5 | $0 |
Jose Maliekal Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,382 |
| Investment income | $7,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39 |
| Net Rental Income | $7,675 |
| Net Gain/Loss on Asset Sales | -$523 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,731 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,917 |
| Statement of Expenses | |
|---|---|
| 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. | $22,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,518 |
| Office expenses | $13,251 |
| Information technology | $8,495 |
| Royalties | $0 |
| Occupancy | $28,690 |
| Travel | $6,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,088 |
| Insurance | $17,093 |
| All other expenses | $0 |
| Total functional expenses | $365,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,283 |
| Savings and temporary cash investments | $40,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,748 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $289,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $666,870 |
| Total assets | $1,492,437 |
| Accounts payable and accrued expenses | $8,018 |
| Grants payable | $0 |
| Deferred revenue | $38,950 |
| 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 | $155,878 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $202,846 |
| 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 |
| Total liabilities and net assets/fund balances | $1,289,591 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Visual Studies Workshop Inc has recieved totaling $145,050.
| Awarding Organization | Amount |
|---|---|
Joy Of Giving Something Inc Syracuse, NY PURPOSE: TO SUPPORT SCHOLARSHIP PROGRAM | $55,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: CURATORIAL RESEARCH FELLOWSHIP: ALLISON PAPPAS AND NATALIE ZELT | $50,000 |
Max And Marian Farash Charitable Foundation Rochester, NY PURPOSE: CHARITABLE PURPOSE | $19,000 |
Phillip And Edith Leonian Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $12,000 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR COMMUNITY CURATOR | $9,050 |
Endowment Analysis
| Beg. Balance | $250,000 |
| Earnings | $70,945 |
| Other Expense | $70,945 |
| Ending Balance | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research To Prevent Blindness Inc New York, NY | $24,496,612 | $4,438,794 |
Eye & Ear Foundation Inc Pittsburgh, PA | $60,351,580 | $25,333,701 |
New York Society For Gastrointestinal Endoscopy Inc New York, NY | $1,314,526 | $937,994 |
Massachusetts Lions Eye Research Fund Inc Belmont, MA | $3,276,845 | $682,863 |
Ocular Immunology And Uveitis Foundation Inc Weston, MA | $1,297,410 | $675,565 |
Tear Film And Ocular Surface Society Inc Boston, MA | $413,996 | $560,695 |
Connecticut Lions Eye Research Foundation Inc Middlebury, CT | $2,479,025 | $449,784 |
Visual Studies Workshop Inc Rochester, NY | $1,492,437 | $348,917 |
Center For Eye Research Inc Waltham, MA | $1,779,078 | $113,648 |
Eye Tumor Research Foundation Inc Philadelphia, PA | $981,796 | $203,641 |
Ophthalmicedge Inc New York, NY | $227,604 | $145,347 |
Faculty Student Association Of The State College Of Optometry Inc New York, NY | $239,038 | $97,388 |