Northern Virginia Fine Arts Association
- Assets
- $531.9k
- Revenue
- $270.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Alexandria, VA
- Founding
- 04/1964
- Data as of
- 06/2022
- EIN
- 54-0753662
Organization Overview
Northern Virginia Fine Arts Association is located in Alexandria, VA. The organization was established in 1964. 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 06/2022, Northern Virginia Fine Arts Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Virginia Fine Arts Association 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, Northern Virginia Fine Arts Association generated $270.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $175.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O, STATEMENT 01
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PRESENTS VISUAL AND PERFORMING ART EVENTS THAT INCLUDE ART AND ARTISTS OF THE REGION THAT ARE DEEMED TO ENHANCE THE CULTURAL AND ARTISTIC EXPERIENCE FOR THE CITIZENS.
THE ASSOCIATION OWNS AND MAINTAINS THE HISTORIC OLD DOMINION BANK BUILDING (NOW CALLED THE ATHENAEUM) THAT IS LISTED ON BOTH THE VIRGINIA TRUST AND NATIONAL REGISTER OF HISTORIC PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Wilson Vice Presient | Officer | 1 | $0 |
Twig Murray President | Officer | 15 | $0 |
Diana Bohn Treasurer | Officer | 1 | $0 |
Christina Calloway Secretary | Officer | 1 | $0 |
Victor Ekpuk Director | Trustee | 1 | $0 |
Amy Heiden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,192 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,146 |
| Total Program Service Revenue | $70,335 |
| Investment income | $17,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,247 |
| Net Gain/Loss on Asset Sales | -$9,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,964 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,472 |
| Advertising and promotion | $2,390 |
| Office expenses | $5,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,640 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,613 |
| Insurance | $3,997 |
| All other expenses | $0 |
| Total functional expenses | $175,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,724 |
| Savings and temporary cash investments | $48,659 |
| 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 | $0 |
| Net Land, buildings, and equipment | $134,295 |
| Investments—publicly traded securities | $177,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $531,931 |
| Accounts payable and accrued expenses | $4,204 |
| 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 | $18,250 |
| Total liabilities | $22,454 |
| Net assets without donor restrictions | $509,477 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $531,931 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northern Virginia Fine Arts Association has recieved totaling $10,005.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northern Virginia Inc Oakton, VA PURPOSE: ARTS, CULTURAL ORGS - MULTIPURPOSE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |