Washington Project For The Arts Inc
- Assets
- $669.2k
- Revenue
- $757.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 06/1997
- Data as of
- 06/2021
- EIN
- 52-1974695
Organization Overview
Washington Project For The Arts Inc is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Washington Project For The Arts Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Project For The Arts 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 06/2021, Washington Project For The Arts Inc generated $757.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $644.1k during the year ending 06/2021. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ARTIST-DRIVEN PROJECTS, ADVOCACY, AND DIALOGUE SO THAT ARTISTS CAN LIVE, WORK, AND FLOURISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WPA COLLABORATES WITH ARTISTS ON CREATIVE PROJECTS THAT ARE COLLABORATIVE, EXPERIMENTAL, AND INCLUSIVE. THEY TAKE A VARIETY OF FORMS, RANGING FROM EXHIBITIONS AND PERFORMANCES, TO WORKSHOPS. WPA COLLABORATES WITH ARTISTS ON PUBLIC LECTURES, ROUND-TABLE DISCUSSIONS, PODCASTS, AND PUBLICATIONS. OCCASIONALLY, WPA ACTS AS A CONSULTANT TO LOCAL NON-GOVERNMENTAL ORGANIZATIONS, COMPANIES, AND ORGANIZATIONS TO FACILITATE THE DISPLAY OR CREATION OF ARTWORK. WHEN DOING SO, WPA ENSURES THAT ARTISTS ARE PAID HONORARIUMS IN ACCORDANCE TO OUR W.A.G.E. CERTIFICATION STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Nesbett Executive Director | Officer | 40 | $108,160 |
Michael Hickok Treasurer | OfficerTrustee | 2 | $0 |
James Ritter Chair (thru 12/2020) | OfficerTrustee | 4 | $0 |
Kate Christenberry Secretary | OfficerTrustee | 2 | $0 |
Martha Blalock Auction Co-Chair | OfficerTrustee | 2 | $0 |
Brittany Bansak Auction Co-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,809 |
| Investment income | $767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $85,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,385 |
| Payroll taxes | $24,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,922 |
| Advertising and promotion | $0 |
| Office expenses | $28,212 |
| Information technology | $9,868 |
| Royalties | $0 |
| Occupancy | $30,716 |
| Travel | $87 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,087 |
| Insurance | $5,035 |
| All other expenses | $0 |
| Total functional expenses | $644,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,634 |
| Savings and temporary cash investments | $238,606 |
| Pledges and grants receivable | $364,732 |
| 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 | $7,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $669,219 |
| Accounts payable and accrued expenses | $19,586 |
| Grants payable | $0 |
| Deferred revenue | $2,195 |
| 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 | $15,039 |
| Other liabilities | $62,957 |
| Total liabilities | $99,777 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $569,442 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Washington Project For The Arts Inc has recieved totaling $242,476.
| Awarding Organization | Amount |
|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: WARHOL RE-GRANTING INITIATIVE | $100,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $50,000 |
Morris And Gwendolyn Cafritz Foundation Washington, DC PURPOSE: ARTS & HUMANITIES | $20,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Max & Victoria Dreyfus Foundation Washington, DC PURPOSE: FACILITATED DEIA WORKSHOPS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
Phillips Collection Washington, DC | $115,569,748 | $10,501,207 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
National Museum Of Women In The Arts Inc Washington, DC | $143,899,060 | $28,831,292 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
The American Visionary Art Museum Inc Baltimore, MD | $12,141,748 | $3,802,625 |
Washington County Museum Of Fine Arts Hagerstown, MD | $25,151,271 | $5,933,209 |
Virginia Museum Of Animal Art Charlottesville, VA | $2,196,174 | $3,340,320 |
Washington Project For The Arts Inc Washington, DC | $669,219 | $757,811 |
Trustees Of The Corcoran Gallery Of Art Falls Church, VA | $5,461,946 | $237,677 |
Peninsula Fine Arts Center Inc Newport News, VA | $0 | $248,078 |