1708 Gallery Inc
- Assets
- $1.2m
- Revenue
- $353.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Richmond, VA
- Founding
- 11/1980
- Data as of
- 07/2023
- EIN
- 54-1092906
Organization Overview
1708 Gallery Inc is located in Richmond, VA. The organization was established in 1980. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, 1708 Gallery Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1708 Gallery 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 07/2023, 1708 Gallery Inc generated $353.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $496.1k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
1708 GALLERY'S MISSION IS TO PRESENT EXCEPTIONAL NEW ART. 1708 GALLERY IS COMMITTED TO PROVIDING OPPORTUNITIES FOR ARTISTIC INNOVATION FOR EMERGING AND ESTABLISHED ARTISTS AND TO EXPAND THE UNDERSTANDING AND APPRECIATION OF NEW ART FOR THE PUBLIC.
Describe the Organization's Program Activity:
EXHIBITIONS PROGRAM: AS A DYNAMIC NON-PROFIT ARTS ORGANIZATION, 1708 GALLERY PROVIDES UNCOMPROMISINGLY INNOVATIVE OPPORTUNITIES FOR ARTISTS LOCALLY, NATIONALLY, AND INTERNATIONALLY. OUR EXHIBITIONS PROGRAM OFFERS ARTISTS ALL OVER THE WORLD AN OPPORTUNITY TO EXHIBIT THEIR WORK AND OUR COMMUNITY AN OPPORTUNITY TO LEARN ABOUT INNOVATIVE ARTISTS AND ART FORMS.
INLIGHT RICHMOND: INLIGHT RICHMOND IS AN ANNUAL OUTDOOR TEMPORARY LIGHT-INSPIRED CONTEMPORARY ART EXHIBITION AND COMMUNITY EVENT IN DOWNTOWN RICHMOND. INLIGHT RICHMOND IS AN EXPLORATION AND CELEBRATION OF CONTEMPORARY ART FREE OF CHARGE FOR THE WHOLE COMMUNITY. WITH INLIGHT RICHMOND, 1708 GALLERY ENCOURAGES BROAD PUBLIC APRECIATION AND ACCESS TO CONTEMPORARY ART. INLIGHT INTRODUCES A NEW AUDIENCE TO CONTEMPORARY ART BY MAKING IT FUN, ENGAGING,AND ACCESSIBLE. IT ALSO KEEPS 1708 GALLERY RELEVANT WITHIN CONTEMPORARY ART LANDSCAPES, LOCALLY AS WELL AS NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Dodge Secretary | OfficerTrustee | 5 | $0 |
Susie Ganch Treasurer | OfficerTrustee | 5 | $0 |
Haley Mclaren President | OfficerTrustee | 5 | $0 |
Kendra Wadsworth President - Elect | OfficerTrustee | 5 | $0 |
Caroline Cobb Wright Immediate Past President | OfficerTrustee | 5 | $0 |
Nupa Agarwal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,893 |
| Related organizations | $0 |
| Government grants | $2,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,039 |
| Total Program Service Revenue | $71,147 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$21,775 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $89 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,821 |
| 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. | $71,663 |
| Compensation of current officers, directors, key employees. | $3,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,974 |
| Pension plan accruals and contributions | $4,277 |
| Other employee benefits | $17,393 |
| Payroll taxes | $14,797 |
| Fees for services: Management | $750 |
| Fees for services: Legal | $938 |
| Fees for services: Accounting | $14,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,348 |
| Office expenses | $2,260 |
| Information technology | $3,369 |
| Royalties | $0 |
| Occupancy | $10,366 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,426 |
| Insurance | $8,386 |
| All other expenses | $95,402 |
| Total functional expenses | $496,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,635 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $109,820 |
| 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 | $210 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,079,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,532 |
| Other assets | $0 |
| Total assets | $1,210,839 |
| Accounts payable and accrued expenses | $6,208 |
| 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 | $815,498 |
| Unsecured mortgages and notes payable | $16,350 |
| Other liabilities | $9,973 |
| Total liabilities | $848,029 |
| Net assets without donor restrictions | $362,810 |
| 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 | $1,210,839 |