The Vera Project
- Assets
- $858.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Seattle, WA
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 31-1816016
Organization Overview
The Vera Project is located in Seattle, WA. The organization was established in 2002. 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 12/2022, Vera Project employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vera Project 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 12/2022, Vera Project generated $1.2m 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 $1.3m during the year ending 12/2022. While expenses have increased by 11.8% 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
THE VERA PROJECT IS A MUSIC AND ARTS NONPROFIT DEDICATED TO FOSTERING A PARTICIPATORY CREATIVE CULTURE THROUGH POPULAR MUSIC CONCERTS, ARTS PROGRAMS, EXPERIENTIAL LEARNING, AND VOLUNTEER LEADERSHIP OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POPULAR MUSIC CONCERTS AND VISUAL ART PRESENTATION FOR AUDIENCES OF ALL AGES, SERVING OVER 60,000 PEOPLE IN 2021, INCLUDING 15,080 SHOW ATTENDEES, 1,900 INDIVIDUAL ARTISTS, AND OVER 40,000 THROUGH PARTICIPATION IN LARGE-SCALE REGIONAL FESTIVALS, OFFSITE PROGRAMS, AND COMMUNITY ENGAGEMENT.
YOUTH-ORIENTED MUSIC AND ARTS-BASED EDUCATION PROGRAMMING, INCLUDING CLASSES, WORKSHOPS, OPEN SESSIONS, INTERNSHIPS, AND EXPERIENTIAL LEARNING OPPORTUNITIES, SERVING 750 PEOPLE.
YOUTH ENGAGEMENT AND PARTICIPATION, INCLUDING VOLUNTEER LEADERSHIP OPPORTUNITIES AT ALL CONCERT EVENTS AND A MEMBERSHIP STRUCTURE THAT INTEGRATES YOUTH MEMBERS INTO THE ORGANIZATIONS GOVERNANCE AND OPERATIONS. VERA ENGAGED OVER 232 NEW AND ACTIVE VOLUNTEERS IN 2022, FULFILLING 6,600 VOLUNTEER HOURS IN 1,160 SHIFTS OF A TOTAL OF 3,380 OPPORTUNITIES. ADDITIONALLY, 130 YOUNG PEOPLE PARTICIPATED AS MEMBERS IN 2022, AND OVER 100 YOUNG PEOPLE PARTICIPATED IN OTHER LEADERSHIP OPPORTUNITIES THROUGH VERAS COMMITTEE STRUCTURES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Zwickel Chair | OfficerTrustee | 5 | $0 |
Kim West Vice-Chair | OfficerTrustee | 5 | $0 |
Betsy Troutman Treasurer | OfficerTrustee | 5 | $0 |
Scott Rosen Secretary | OfficerTrustee | 5 | $0 |
Abe Claiborne Board Member | Trustee | 5 | $0 |
Rebecca Denk Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $295,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $548,573 |
| Total Program Service Revenue | $560,380 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,813 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,181 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,241,947 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,462 |
| 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 | $82,783 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,250,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$16,884 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | -$15 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $245,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $857,993 |
| Accounts payable and accrued expenses | $11,385 |
| 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 | $0 |
| Total liabilities | $11,385 |
| Net assets without donor restrictions | $846,608 |
| 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 | $857,993 |