1708 Gallery Inc
- Assets
- $264.3k
- Revenue
- $538.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, VA
- Founding
- 11/1980
- Data as of
- 07/2021
- 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 07/2021, 1708 Gallery Inc employed 4 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 07/2021, 1708 Gallery Inc generated $538.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $448.5k during the year ending 07/2021. While expenses have increased by 0.8% per year over the past 6 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 PRESENT EXCEPTIONAL NEW ART AND TO EXPAND THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. OPPORTUNITIES FOR CREATIVE EXPRESSION ARE INTEGRAL TO A HEALTHY SOCIETY. 1708 GALLERY IMPACTS THE COMMUNITY BY PROVIDING A FORUM FOR CONTEMPORARY ART AND BY BEING A PLACE FOR PUBLIC ENGANGEMENT FOR ALL AUDIENCES
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 APPRECIATION 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 THE CONTEMPORARY ART LANDSCAPE, LOCALLY AS WELL AS NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Smith Executive Director | Officer | 40 | $65,000 |
Matt Spahr Immediate Past President | OfficerTrustee | 5 | $0 |
John Henry Blatter Treasurer | OfficerTrustee | 5 | $0 |
Janis Allen Secretary | OfficerTrustee | 5 | $0 |
Caroline Wright President-Elect | OfficerTrustee | 5 | $0 |
Molly Dodge President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,630 |
| Fundraising events | $23,181 |
| Related organizations | $0 |
| Government grants | $112,358 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,485 |
| Total Program Service Revenue | $53,851 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$981 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,393 |
| 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. | $75,422 |
| Compensation of current officers, directors, key employees. | $3,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,616 |
| Pension plan accruals and contributions | $2,500 |
| Other employee benefits | $8,838 |
| Payroll taxes | $13,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,643 |
| Advertising and promotion | $4,250 |
| Office expenses | $6,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,064 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $547 |
| Insurance | $4,108 |
| All other expenses | $27,488 |
| Total functional expenses | $448,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,446 |
| Savings and temporary cash investments | $62,614 |
| Pledges and grants receivable | $126,441 |
| Accounts receivable, net | $325 |
| 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 | $7,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,286 |
| Accounts payable and accrued expenses | $15,012 |
| 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 | $1,119 |
| Total liabilities | $16,131 |
| Net assets without donor restrictions | -$82,119 |
| Net assets with donor restrictions | $330,274 |
| 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 | $264,286 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that 1708 Gallery Inc has recieved totaling $54,726.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $13,500 |
Cultureworks Inc Richmond, VA PURPOSE: General Grant Funding | $13,200 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: HELP WITH COSTS OF ITS 14TH ANNUAL "INLIGHT RICHMOND" TO BE HELD IN RICHMOND IN NOVEMBER 2021 | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Peachtree House Foundation Richmond, VA PURPOSE: INLIGHT 2022 | $7,500 |
Alan M & Mildred S Ravenal Foundation Bethesda, MD PURPOSE: EDUCATIONAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
National Business Officers Association Inc Washington, DC | $10,181,383 | $5,458,138 |
The Museum Of Language Arts Incorporated Washington, DC | $22,277,823 | $2,812,502 |
American Council Of Trustees And Alumni Washington, DC | $7,091,133 | $4,080,282 |
National Academy Of Education Washington, DC | $13,224,387 | $700,923 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
The Memorial Foundation Washington, DC | $1,841,102 | $3,723,853 |
Downtown Columbia Arts And Culture Commission Inc Columbia, MD | $56,227,844 | $6,192,561 |
Chorus America Association Washington, DC | $2,563,365 | $1,205,440 |
International Critical Incident Stress Foundation Inc Ellicott City, MD | $1,604,340 | $2,401,353 |
American Association Of People With Disabilities Washington, DC | $6,573,327 | $4,673,806 |