Virginia Center For The Creative Arts
- Assets
- $8.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Amherst, VA
- Founding
- 11/1971
- Data as of
- 06/2022
- EIN
- 23-7136000
Organization Overview
Virginia Center For The Creative Arts is located in Amherst, VA. The organization was established in 1971. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Virginia Center For The Creative Arts employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Center For The Creative Arts 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, Virginia Center For The Creative Arts generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 5.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VCCA'S MISSION IS TO PROVIDE TIME AND SPACE FOR NATIONAL AND INTERNATIONAL WRITERS, VISUAL ARTISTS, AND COMPOSERS OF TALENT AND PROMISE TO BRING FORTH THEIR FINEST WORKS, BECAUSE THE ARTS ARE VITAL, DIVERSITY IS A STRENGTH, AND CREATIVITY IS ESSENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED IDEAL WORKING CONDITIONS FOR PROFESSIONAL WRITERS, COMPOSERS AND VISUAL ARTISTS WHICH INCLUDES PRIVATE STUDIOS, HOUSING AND MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin O'halloran Executive Director | 40 | $119,165 | |
Quinn Feldmann Graeff President | OfficerTrustee | 2 | $0 |
Thomas Y Hiner Secretary | OfficerTrustee | 2 | $0 |
Margaret B Ingraham Immediate Past | OfficerTrustee | 2 | $0 |
Steve Slaughter Treasurer | OfficerTrustee | 2 | $0 |
Janet P Bruce Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,093 |
| All other contributions, gifts, grants, and similar amounts not included above | $842,071 |
| Noncash contributions included in lines 1a–1f | $8,747 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $970,164 |
| Total Program Service Revenue | $503,940 |
| Investment income | $103,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,531 |
| Net Income from Fundraising Events | $101,122 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,792,927 |
| 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. | $119,165 |
| Compensation of current officers, directors, key employees. | $11,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $418,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,165 |
| Payroll taxes | $34,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,339 |
| Fees for services: Other | $15,636 |
| Advertising and promotion | $0 |
| Office expenses | $4,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,024 |
| 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 | $139,685 |
| Insurance | $21,978 |
| All other expenses | $140,243 |
| Total functional expenses | $1,446,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,515 |
| 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 | $10,968 |
| Net Land, buildings, and equipment | $3,844,482 |
| Investments—publicly traded securities | $4,351,179 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,632,012 |
| Accounts payable and accrued expenses | $105,191 |
| Grants payable | $0 |
| Deferred revenue | $71,100 |
| 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 | $15,782 |
| Total liabilities | $192,073 |
| Net assets without donor restrictions | $5,046,991 |
| Net assets with donor restrictions | $3,392,948 |
| 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 | $8,632,012 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Virginia Center For The Creative Arts has recieved totaling $208,683.
| Awarding Organization | Amount |
|---|---|
Elizabeth Ireland Graves Charitable Tr Bremo Bluff, VA PURPOSE: PURCHASE AND MAINTAIN CAMPUS IN AMHERST PREVIOUSLY LEASED FROM SWEET BRIAR COLLEGE | $80,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $28,300 |
Elizabeth Firestone Graham Foundation 6842028200 New York, NY PURPOSE: 50TH ANNIVERARY FUND TO SUPPORT RESIDENCIES FOR ARTISTS OF COLOR. | $25,000 |
Herndon Foundation Richmond, VA PURPOSE: OPERATING SUPPORT | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $10,000 |
Endowment Analysis
| Beg. Balance | $4,556,582 |
| Earnings | $340,588 |
| Admin Expense | $34,339 |
| Net Contributions | $169,524 |
| Ending Balance | $4,351,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Life Pieces To Masterpieces Washington, DC | $694,672 | $1,837,950 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |
The Bascom Corporation Highlands, NC | $11,572,802 | $1,588,338 |
Friends Of Southwest Virginia Abingdon, VA | $1,122,100 | $1,695,532 |