Valley Art Center Inc
- Assets
- $893.7k
- Revenue
- $693.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Chagrin Falls, OH
- Founding
- 01/1972
- Data as of
- 06/2023
- EIN
- 34-1087923
Organization Overview
Valley Art Center Inc is located in Chagrin Falls, OH. The organization was established in 1972. 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 06/2023, Valley Art Center Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Art Center 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 06/2023, Valley Art Center Inc generated $693.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $539.4k during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
VALLEY ART CENTER'S MISSION IS TO ENRICH AND INSPIRE THE COMMUNITY THROUGH MEANINGFUL VISUAL ART EDUCATION, EXHIBITIONS, EVENTS AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART CLASSES AND WORKSHOPS FOR STUDENTS HELD AT VALLEY ART CENTER. IN A NORMAL YEAR, THERE ARE SEVEN SESSIONS OF CLASSES WITH 1,500 STUDENTS OR AN AVERAGE OF APPROXIMATELY 6 STUDENTS PER CLASS.
MEMBERSHIP PROGRAM AND PUBLIC ART, A NEW PROGRAM LAUNCHED IN 2022.
GALLERY ART SHOWS TO PROMOTE RECOGNITION OF ARTISTS AND PUBLIC AWARENESS OF THE ARTS. ALL SHOWS ARE FREE & OPEN TO THE PUBLIC. IN A NORMAL YEAR THERE ARE FIVE TO NINE DIFFERENT GALLERY SHOWS DURING THE YEAR SHOWCASING APPROXIMATELY 250 - 500 ARTISTS FOR 1,400 - 2,500 ATTENDEES.
ART BY THE FALLS IS A FINE ARTS FESTIVAL HELD IN A PUBLIC PARK IN THE CENTER OF CHAGRIN FALLS, PRESENTED TO ADVANCE ART APPRECIATION WITHIN THE COMMUNITY AND PROVIDE 120 - 130 ARTISTS A VENUE TO EXHIBIT AND SELL THEIR WORK. THE EVENT IS FREE AND OPEN TO THE PUBLIC. ART BY THE FALLS IS ATTENDED BY APPROXIMATELY 15,000 ATTENDEES OVER A COURSE OF TWO DAYS AND HAS BEEN PRESENTED CONTINUOUSLY SINCE 1983.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Gruss Executive Di | Officer | 40 | $60,000 |
Shannon Ake Trustee | Trustee | 1 | $0 |
Melissa Bertke President | OfficerTrustee | 4 | $0 |
Stephen Burks Trustee | Trustee | 1 | $0 |
Karen Cunningham Trustee | Trustee | 1 | $0 |
Andrea Dawson Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,130 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,670 |
| Total Program Service Revenue | $390,704 |
| Investment income | $4,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $9,026 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $693,164 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,883 |
| Payroll taxes | $13,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,167 |
| Advertising and promotion | $19,169 |
| Office expenses | $18,539 |
| Information technology | $12,941 |
| Royalties | $0 |
| Occupancy | $34,690 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,059 |
| Insurance | $5,390 |
| All other expenses | $39,936 |
| Total functional expenses | $539,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,723 |
| Savings and temporary cash investments | $67,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,638 |
| 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 | $1,161 |
| Net Land, buildings, and equipment | $392,916 |
| Investments—publicly traded securities | $148,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $119 |
| Other assets | $0 |
| Total assets | $893,711 |
| Accounts payable and accrued expenses | $20,639 |
| Grants payable | $0 |
| Deferred revenue | $48,909 |
| 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 | $113,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500 |
| Total liabilities | $183,162 |
| Net assets without donor restrictions | $656,400 |
| Net assets with donor restrictions | $54,149 |
| 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 | $893,711 |