Chesterfield Cultural Arts Foundation
- Assets
- $1.2m
- Revenue
- $621.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Chester, VA
- Founding
- 09/2003
- Data as of
- 06/2021
- EIN
- 16-1671869
Organization Overview
Chesterfield Cultural Arts Foundation, operating under the name Perkinson Center For The Arts & Education, is located in Chester, VA. The organization was established in 2003. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Perkinson Center For The Arts & Education employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perkinson Center For The Arts & Education 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 06/2021, Perkinson Center For The Arts & Education generated $621.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
TO MANAGE THE CHESTERFIELD CENTER FOR THE ARTS WITH FISCAL RESPONSIBILITY WHILE CREATING AND MAINTAINING THE GREATEST ARTS AND CULTURE INFLUENCE TO BENEFIT CHESTERFIELD, THE TRI-CITIES & THE GREATER RICHMOND REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED BY THE CHESTERFIELD CULTURAL ARTS FOUNDATION (CCAF), THE BAXTER PERKINSON CENTER FOR THE ARTS & EDUCATION IS THE REGIONS FIRST PUBLIC PERFORMING AND VISUAL ARTS CENTER TO BE BUILT FROM THE GROUND UP IN THE LAST CENTURY. THE VENUE IS MORE THAN 20,500 SQUARE FEET AND HOUSES: - THE 354-SEAT JIMMY DEAN THEATER & 35' X 27' STAGE- THE BAXTER & ELAINE PERKINSON ART GALLERY- A 1,500 SQUARE FOOT MULTIPURPOSE EDUCATION CENTER WITH ATTACHED PATIO- A 750 SQUARE FOOT CLASSROOM- FOR TOURING ARTISTS: GREEN ROOM, CHORUS DRESSING ROOMS, AND STAR DRESSING ROOMTHE PERKINSON CENTER WILL FEATURE A VARIETY OF ARTIST PERFORMERS FROM AROUND THE REGION AND AROUND THE WORLD. THE VENUE IS ALSO A WORLD-CLASS LOCATION FOR ALL YOUR SPECIAL EVENTS NEEDS, WHETHER A WEDDING, PRIVATE PARTY, OR CORPORATE WORK FUNCTION, GUESTS CAN IMMERSE THEMSELVES IN THE ARTS IN EVERY SPACE THROUGHOUT THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Mller Executive Director Through 8/2020 | Officer | 40 | $56,667 |
Marly Fuller Executive Director Starting 9/2020 | Officer | 40 | $21,250 |
Sam West Treasurer Through 11/2020 | OfficerTrustee | 10 | $0 |
H Clem Carlisle Vice Chair | OfficerTrustee | 10 | $0 |
Hugh Cline Chairman | OfficerTrustee | 10 | $0 |
Tam Moody Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $468,583 |
| Total Program Service Revenue | $107,322 |
| Investment income | $722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,435 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $836,683 |
| 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. | $83,771 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,000 |
| Pension plan accruals and contributions | $1,406 |
| Other employee benefits | $0 |
| Payroll taxes | $19,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,506 |
| Office expenses | $20,725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,715 |
| 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 | $10,110 |
| Insurance | $5,597 |
| All other expenses | $33,870 |
| Total functional expenses | $1,379,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,228 |
| Savings and temporary cash investments | $334,170 |
| Pledges and grants receivable | $550,210 |
| Accounts receivable, net | $0 |
| 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 | $143,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,513 |
| Total assets | $1,189,257 |
| Accounts payable and accrued expenses | $110,013 |
| Grants payable | $0 |
| Deferred revenue | $21,250 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $131,263 |
| Net assets without donor restrictions | $1,057,994 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,189,257 |
Grants Awarded
Over the last fiscal year, Chesterfield Cultural Arts Foundation has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTERFIELD COUNTY VIRGINIA PURPOSE: THE PURPOSE OF THE GRANT IS TO ASSIST IN DEVELOPING AND FUNDING AN "ARTS CENTER" OF THE CHESTERFIELD CULTLURAL ARTS FOUNDATION. | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chesterfield Cultural Arts Foundation has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $25,000 |
Cameron Foundation Petersburg, VA PURPOSE: EMERGENCY:COVID-19 | $20,000 |
Honey Perkins Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Mid Atlantic Arts Inc Baltimore, MD | $4,986,510 | $4,229,657 |
Virginia Foundation For The Humanities And Public Policy Charlottesville, VA | $13,497,972 | $6,667,303 |
Millennium Water Alliance Washington, DC | $3,039,056 | $3,946,433 |
Americans For Public Trust Alexandria, VA | $249,074 | $3,628,537 |
Sarcoma Foundation Of America Inc Damascus, MD | $9,642,356 | $3,973,362 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Foundation For Advancement In Conservation Washington, DC | $8,492,434 | $1,990,883 |
Walter Kaitz Foundation Washington, DC | $4,291,830 | $1,584,583 |