New City Arts Initiative
- Assets
- $122.9k
- Revenue
- $173.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlottesville, VA
- Founding
- 07/2010
- Data as of
- 06/2021
- EIN
- 27-1865371
Organization Overview
New City Arts Initiative is located in Charlottesville, VA. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, New City Arts Initiative employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New City Arts Initiative 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, New City Arts Initiative generated $173.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $200.8k during the year ending 06/2021. While expenses have increased by 17.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CITY OF CHARLOTTESVILLE AND CENTRAL VIRGINIA REGARDING QUESTIONS OF ART, HUMANITY, AND FAITH. THE ORGANIZATION SEEKS THESE OBJECTIVES PRIMARILY THROUGH FACILITATING EDUCATIONAL OPPORTUNITIES AND GROUP DISCUSSIONS FOR ARTISTS, WRITERS, MUSICIANS, AND ALL THOSE INTERESTED IN CREATIVE ENDEAVORS, SERVING AS A NETWORK FOR ARTISTS, COMMUNITY MEMBERS, AND CHURCHES, AND MAINTAINING, CURATING, AND SUPPORTING SPACES WHERE ARTISTS CAN SHOW, PERFORM, AND CREATE WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: THE FIRST OBJECTIVE OF THE ORGANIZATION IS TO CURATE A RANGE OF EDUCATIONAL FORUMS FOR ARTISTS AS WELL AS ARTS AUDIENCES. EDUCATIONAL PROGRAMMING INCLUDES DISCUSSION GROUPS, ARTIST TALKS, LECTURES, AND WORKSHOPS WITH THE GOAL OF OFFERING NEW AUDIENCES INCREASED ACCESS TO THE ARTS AND VARIOUS KINDS OF CREATIVE PRACTICE.
COMMUNITY: THE SECOND OBJECTIVE OF THE ORGANIZATION IS TO SERVE AS A SUPPORTIVE NETWORK FOR ARTISTS AND COMMUNITY MEMBERS BY BUILDING BRIDGES AMONG DIFFERENT AUDIENCES INCLUDING UNIVERSITY PROFESSORS AND STUDENTS, SERVICE PROVIDERS AND NON-PROFITS, CHURCHES, BUSINESSES, POTENTIAL PATRONS, AND OTHER LOCAL ARTS ORGANIZATIONS.
VOCATION: THE THIRD OBJECTIVE OF THE ORGANIZATION IS TO PROVIDE PHYSICAL, FINANCIAL, INSTITUTIONAL, AND RELATIONAL RESOURCES TO HELP ARTISTS LEARN, WORK, AND MAKE A LIVING. VOCATION SERVICES PROVIDE FUNDING FOR ARTISTS; GALLERY, STUDIO, AND EVENT SPACE FOR ARTISTS; AND PARTNERING WITH A VARIETY OF LOCAL VENUES TO CONNECT ARTISTS WITH PERFORMANCE AND EXHIBIT OPPORTUNITIES ACCORDING TO THEIR SPECIFIC NEEDS.
EDUCATION: THE FIRST OBJECTIVE OF THE ORGANIZATION IS TO CURATE A RANGE OF EDUCATIONAL FORUMS FOR ARTISTS AS WELL AS ARTS AUDIENCES. EDUCATIONAL PROGRAMMING INCLUDES DISCUSSION GROUPS, ARTIST TALKS, LECTURES, AND WORKSHOPS WITH THE GOAL OF OFFERING NEW AUDIENCES INCREASED ACCESS TO THE ARTS AND VARIOUS KINDS OF CREATIVE PRACTICE.
COMMUNITY: THE SECOND OBJECTIVE OF THE ORGANIZATION IS TO SERVE AS A SUPPORTIVE NETWORK FOR ARTISTS AND COMMUNITY MEMBERS BY BUILDING BRIDGES AMONG DIFFERENT AUDIENCES INCLUDING UNIVERSITY PROFESSORS AND STUDENTS, SERVICE PROVIDERS AND NON-PROFITS, CHURCHES, BUSINESSES, POTENTIAL PATRONS, AND OTHER LOCAL ARTS ORGANIZATIONS.
VOCATION: THE THIRD OBJECTIVE OF THE ORGANIZATION IS TO PROVIDE PHYSICAL, FINANCIAL, INSTITUTIONAL, AND RELATIONAL RESOURCES TO HELP ARTISTS LEARN, WORK, AND MAKE A LIVING. VOCATION SERVICES PROVIDE FUNDING FOR ARTISTS; GALLERY, STUDIO, AND EVENT SPACE FOR ARTISTS; AND PARTNERING WITH A VARIETY OF LOCAL VENUES TO CONNECT ARTISTS WITH PERFORMANCE AND EXHIBIT OPPORTUNITIES ACCORDING TO THEIR SPECIFIC NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Wardell Chair | OfficerTrustee | 2 | $0 |
Brittany Fan Vice Chair | OfficerTrustee | 2 | $0 |
Andrew Mills Treasurer | Officer | 1 | $0 |
Maegan Moore Hart Secretary | Officer | 1 | $0 |
Emily Hagan Lazaro Director | Trustee | 1 | $0 |
Aiyana Marcus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,395 |
| Total Program Service Revenue | $4,949 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $173,445 |
| 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. | $52,405 |
| Compensation of current officers, directors, key employees. | $7,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,635 |
| Advertising and promotion | $5,125 |
| Office expenses | $14,464 |
| Information technology | $11,933 |
| Royalties | $0 |
| Occupancy | $28,944 |
| Travel | $274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,431 |
| Insurance | $3,629 |
| All other expenses | $0 |
| Total functional expenses | $200,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340 |
| 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 | $12,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,050 |
| Total assets | $122,945 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,404 |
| Total liabilities | $3,404 |
| Net assets without donor restrictions | $118,210 |
| Net assets with donor restrictions | $1,331 |
| 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 | $122,945 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New City Arts Initiative has recieved totaling $104,275.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: CAPACITY BUILDING | $50,000 |
Opaline Fund San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $15,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: 2021 ENRICHING COMMUNITIES GRANT | $14,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: BAMAWORKS 2021 GRANT | $5,275 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |