The Fayetteville Art Alliance
- Assets
- $262.7k
- Revenue
- $166.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Fayetteville, AR
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 45-5196864
Organization Overview
The Fayetteville Art Alliance, operating under the name Art Ventures Nwa, is located in Fayetteville, AR. The organization was established in 2014. 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 12/2021, Art Ventures Nwa employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Ventures Nwa 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, Art Ventures Nwa generated $166.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $241.4k during the year ending 12/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ART VENTURES OPERATES IN THREE PILLARS: ARTIST REPRESENTATION, ART EDUCATION FOR YOUTH, AND COMMUNITY COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART VENTURES HAS FOSTERED SUBSTANTIVE ADVANCEMENTS IN THE PRACTICES AND LIVES OF THE DIVERSITY OF ARTISTS WE CHAMPION INTO THE MAINSTREAM OF NWA ARTS. OUR EFFORTS ARE DEEP, INCULCATING OUR MISSION AND VISION THAT ART IS FOR EVERYONE THROUGH AV'S K-12 GALLERY INITIATIVE PROVIDING PROGRAMMING FOR BOTH THE PUBLIC SCHOOL SYSTEM AND HOME SCHOOLED STUDENTS, THE SHARON KILLIAN CURATORIAL INTERNSHIP IN ASSOCIATION WITH UA SCHOOL OF ART, AND COMMUNITY COLLABORATIONS TO PROVIDE ADDITIONAL SERVICES TO MARGINALIZED COMMUNITIES. ART TALKS AND RECEPTIONS ARE SCHEDULED MONTHLY BOTH IN OUR MAIN GALLERY AND OFF SITE EXHIBITION SITES WHICH INCLUDE THEATRESQUARED, FAYETTEVILLE PUBLIC LIBRARY, JIM AND JOYCE FAULKNER PERFORMING ARTS CENTER, AND FAYETTEVILLE CHAMBER OF COMMERCE. ART VENTURES IMPACTS THE CULTURAL ARTS AND THE ECOSYSTEM IN A CONTINUUM THAT HAS INCLUSION AND DIVERSITY AT ITS BASE AND WE ARE PROUD ABOUT THE GIFTS THIS HAS BROUGHT TO INDIVIDUAL ARTISTS IN THEIR PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Killian President | OfficerTrustee | 25 | $0 |
Kent Oliver Treasurer | OfficerTrustee | 1 | $0 |
Karolyn Farrell Secretary | OfficerTrustee | 2 | $0 |
Craig Underwood Board Member | Trustee | 1 | $0 |
Esther Silver Parker Board Member | Trustee | 1 | $0 |
Ana Claudia Anguyo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $985 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,083 |
| Total Program Service Revenue | $42,375 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,458 |
| 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. | $32,403 |
| Compensation of current officers, directors, key employees. | $3,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,240 |
| Payroll taxes | $6,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,987 |
| Advertising and promotion | $6,690 |
| Office expenses | $16,234 |
| Information technology | $794 |
| Royalties | $0 |
| Occupancy | $15,101 |
| Travel | $4,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,855 |
| All other expenses | $0 |
| Total functional expenses | $241,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $10,042 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,725 |
| Accounts payable and accrued expenses | $1,395 |
| 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 | $5,673 |
| Total liabilities | $7,068 |
| Net assets without donor restrictions | $155,179 |
| Net assets with donor restrictions | $100,478 |
| 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 | $262,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fayetteville Art Alliance has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Wal-Mart Foundation Bentonville, AR PURPOSE: NORTHWEST ARKANSAS | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimbell Art Foundation Fort Worth, TX | $668,076,057 | $22,208,896 |
Fort Worth Art Association Fort Worth, TX | $70,573,501 | $16,694,058 |
Health Education Learning Project H E L P Fort Worth, TX | $21,809,617 | $21,715,181 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |