The Depot Artists Assoc
- Assets
- $168.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Abingdon, VA
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 52-1384006
Organization Overview
The Depot Artists Assoc is located in Abingdon, VA. The organization was established in 1985. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Depot Artists Assoc 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 06/2022, Depot Artists Assoc generated $86.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $68.5k during the year ending 06/2022. While expenses have increased by 1.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE DEPOT ARTISTS ASSICAITON IS TO PROMOTE & SUPPORT REGIONAL ARTISTS AT THE ARTS DEPOT THR WORKING STUDIOS & GALLERY EXHIBTS & TO PROVIDE EDUCATIONAL OPPORTUNITIE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen L Moore Employee | 23.51 | $24,450 | |
Lisa May Adm Asst | 23.46 | $16,479 | |
Charlotte Parsons President | 4 | $0 | |
Karen Edwards Director | 1 | $0 | |
Nancy Garretson Second Vice President | 1 | $0 | |
Greg Lilly Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,866 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,990 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,075 |
| Other Revenue | $26,964 |
| Total Revenue | $86,747 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,060 |
| Professional fees and other payments to independent contractors | $5,885 |
| Occupancy, rent, utilities, and maintenance | $8,560 |
| Printing, publications, postage, and shipping | $4,748 |
| Other expenses | $5,240 |
| Total expenses | $68,493 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,648 |
| Other assets | $0 |
| Total assets | $168,321 |
| Total liabilities | $4,956 |
| Net assets or fund balances | $163,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Virginia Foundation For The Arts And Sciences Roanoke, VA | $23,731,412 | $2,202,426 |
American Association For Justice Education Fund Washington, DC | $921,629 | $1,985,189 |
Arts Education In Maryland Schools Alliance Inc Baltimore, MD | $710,664 | $736,640 |
Artpop Barium Springs, NC | $253,465 | $499,175 |
Augusta Ferry Authority Inc Augusta, KY | $165,919 | $419,126 |
Jamestowne Society Inc Williamsburg, VA | $2,335,020 | $779,787 |
Naral Pro Choice Maryland Fund Inc Baltimore, MD | $212,072 | $276,773 |
Riverviews Lynchburg, VA | $1,407,238 | $282,972 |
Jackson Art Center Washington, DC | $175,769 | $272,169 |
Vector Space Lynchburg, VA | $474,124 | $452,413 |
Side By Side Studio Louisville, KY | $86,058 | $0 |
Borderless Arts Tennessee Gallatin, TN | $237,207 | $128,929 |