Western Virginia Foundation For The Arts And Sciences

Organization Overview

Western Virginia Foundation For The Arts And Sciences is located in Roanoke, VA. The organization was established in 1979. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Western Virginia Foundation For The Arts And Sciences employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Virginia Foundation For The Arts And Sciences 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, Western Virginia Foundation For The Arts And Sciences generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 2.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BE AN ACTIVE PARTICIPANT IN ECONOMIC DEVELOPMENT AND EDUCATION, BOTH LOCALLY AND REGIONALLY, BY HELPING ASSURE THE FINANCIAL HEALTH OF VITAL ELEMENTS OF WESTERN AND CENTRAL VIRGINIA'S CULTURAL QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SUPPORT THE ACQUISITION AND OPERATION OF CULTURAL FACILITIES FOR VARIOUS NON-PROFIT ORGANIZATIONS AND TO SUPPORT ECONOMIC DEVELOPMENT IN WESTERN VIRGINIA.


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Board, Officers & Key Employees

Name (title)Compensation
James C Sears
President
$85,000
John G Rocovich Jr
Chairman
$0
Robert Bennett
Vice Chairma
$0
Roy E Bucher Jr
Treasurer
$0
Arnie W Adkins
Board Member
$0
Andy Agee
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $486,987
All other contributions, gifts, grants, and similar amounts not included above$792,966
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,279,953
Total Program Service Revenue$573,290
Investment income $25,308
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $204,717
Net Gain/Loss on Asset Sales $119,158
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,202,426

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Western Virginia Foundation For The Arts And Sciences has recieved totaling $37,718.

Awarding OrganizationAmount
Community Foundation Serving Western Virginia

Roanoke, VA

PURPOSE: ARTS, CULTURE & HUMANITIES

$32,512
C E Richardson Benevolent Foundation

Pulaski, VA

PURPOSE: FILM NEW VIDEOS AND CREATE NEW ACCOMPANYING EDUCATIONAL MATERIALS IN THE SOUTHERN PART OF VIRGINIA

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$206
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,480,729
Earnings$338,780
Other Expense$3,972
Ending Balance$1,815,537

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