Vermont College Of Fine Arts Inc

Organization Overview

Vermont College Of Fine Arts Inc is located in Montpelier, VT. The organization was established in 2007. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Vermont College Of Fine Arts Inc employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont College Of Fine Arts 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 06/2022, Vermont College Of Fine Arts Inc generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $9.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ANCHORED ON ITS HISTORIC CAMPUS IN MONTPELIER, VERMONT, VCFA IS A GLOBAL COMMUNITY OF ARTISTS CONTINUALLY REDEFINING WHAT IT MEANS TO BE AN ARTS COLLEGE. WE MEASURE OUR SUCCESS BY OUR ABILITY TO FOSTER THE EXCELLENCE OF EMERGING AND ESTABLISHED PRACTITIONERS. WE BELIEVE THAT THE ARTS ARE CENTRAL TO THE HUMAN EXPERIENCE AND HAVE THE ABILITY NOT ONLY TO REFLECT REALITY BUT ALSO TO CREATE IT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL - SIX MASTER OF FINE ARTS PROGRAMS, INCLUDING WRITING, WRITING FOR CHILDREN AND YOUNG ADULTS, VISUAL ARTS, GRAPHIC DESIGN, MUSIC COMPOSITION, AND FILM.


AUXILIARY SERVICES (ROOM AND BOARD, CONFERENCE AND MEETING SPACE RENTAL) AND PUBLIC SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Goldstein
Chair
$0
Catherine Carvelli
Co-Chair
$0
Rafael Attias
Trustee
$0
Charles Bunting
Trustee
$0
Joan Grubin
Trustee
$0
Michael Hogan
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Net Natives
Advertising
$138,957
C&w Services
Fac.maintenance
$1,040,824
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$457,000
Government grants $826,692
All other contributions, gifts, grants, and similar amounts not included above$1,093,225
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,376,917
Total Program Service Revenue$7,302,129
Investment income $427
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $217,972
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 -$723
Miscellaneous Revenue$0
Total Revenue $9,896,722

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