Petersburg Area Art League Inc
- Assets
- $928.0k
- Revenue
- $74.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Petersburg, VA
- Founding
- 08/1975
- Data as of
- 06/2021
- EIN
- 54-0971088
Organization Overview
Petersburg Area Art League Inc is located in Petersburg, VA. The organization was established in 1975. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Petersburg Area Art League 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, Petersburg Area Art League Inc generated $74.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $49.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 6 years. 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
SERVES AS A CENTRAL FACILITY FOR THE ARTS BY PROMOTING EDUCATIONAL CULTURAL AND HARITABLE INTEREST IN THE PETERSBURG REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES AND NURTURES THE VISUAL ARTS IN THE TRI CITIES AREA BY EXHIBITING ART WORK IN ITS GALLERY, PROVIDING ART CLASSES, AND GIVING LOCAL ARTIST THE OPPORTUNITY TO SELL ARTWORK.
THE ORGANIZATION PROMOTES AND NURTURES THE VISUAL, PERFORMING,MEDIA AND DIGITAL ARTS IN THE TRI CITIES AREA BY EXHIBITING ART WORK IN ITS GALLERY, PROVIDING ART CLASSES, AND GIVING LOCAL ARTIST THE OPPORTUNITY TO SELL ARTWORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Cynthia Richardson President | Trustee | 1 | $0 |
Victoria Revilla President | Trustee | 1 | $0 |
Jim Warehime Historian | Trustee | 1 | $0 |
Mark Pehanich Director | Trustee | 1 | $0 |
Charles White 1st VP & Treasurer | Trustee | 1 | $0 |
Suzanne Vaughan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,669 |
| Fundraising events | $5,319 |
| Related organizations | $0 |
| Government grants | $29,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,513 |
| Noncash contributions included in lines 1a–1f | $13,371 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,501 |
| Total Program Service Revenue | $13,213 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,610 |
| 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 | $74,332 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $49,717 |
| Total functional expenses | $49,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,488 |
| 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 | $0 |
| Net Land, buildings, and equipment | $892,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$20 |
| Total assets | $928,044 |
| Accounts payable and accrued expenses | -$305 |
| 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 | $0 |
| Total liabilities | -$305 |
| Net assets without donor restrictions | $928,349 |
| 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 | $928,044 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Petersburg Area Art League Inc has recieved totaling $3,375.
| Awarding Organization | Amount |
|---|---|
Cameron Foundation Petersburg, VA PURPOSE: EMERGENCY:COVID-19 | $3,075 |
Cameron Foundation Petersburg, VA PURPOSE: UNRESTRICTED:MATCHING GIFT PROGRAM | $300 |
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 |