Varsity Center For The Arts Inc
- Assets
- $222.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carbondale, IL
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 26-3867053
Organization Overview
Varsity Center For The Arts Inc is located in Carbondale, IL. The organization was established in 2010. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Varsity Center For The 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 12/2021, Varsity Center For The Arts Inc generated $150.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $117.4k during the year ending 12/2021. While expenses have increased by 17.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
VARIOUS CULTURAL EVENTS FOR THE CITIZENS OF CARBONDALE AND THE SOUTHERN ILLINOIS REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cara Recine Executive Dir. | 40 | $23,420 | |
Armen Asaturian Vice President | 2 | $0 | |
Justin Walker Treasurer | 5 | $0 | |
Thom Mitchell Secretary | 2 | $0 | |
Tricia Burns Director | 1 | $0 | |
Paula Hansen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,127 |
| Total Program Service Revenue | $19,454 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,500 |
| Total Revenue | $150,099 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,212 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $7,964 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $84,268 |
| Total expenses | $117,444 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,478 |
| Other assets | $0 |
| Total assets | $222,222 |
| Total liabilities | $2,883 |
| Net assets or fund balances | $219,339 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Varsity Center For The Arts Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Music And Dance Theater Chicago Inc Chicago, IL | $59,585,451 | $8,251,636 |
Fox Cities Performing Arts Center Inc Appleton, WI | $82,069,378 | $12,172,619 |
Confluence Council Inc Eau Claire, WI | $3,541,289 | $9,499,634 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |
Firehouse Community Arts Center Of Chicago Chicago, IL | $572,664 | $2,968,045 |
Arts Of Southern Kentucky Inc Bowling Green, KY | $7,056,878 | $5,434,508 |
Sheldon Arts Foundation Saint Louis, MO | $19,890,863 | $2,862,291 |
Gillioz Center For Arts And Entertainment Springfield, MO | $537,009 | $2,542,105 |