Business Consortium For Arts Supp
- Assets
- $112.7k
- Revenue
- $768.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Norfolk, VA
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 54-1437382
Organization Overview
Business Consortium For Arts Supp, operating under the name Arts Alliance, is located in Norfolk, VA. The organization was established in 1988. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Arts Alliance 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 12/2022, Arts Alliance generated $768.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $772.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Arts Alliance has awarded 283 individual grants totaling $6,368,341. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN MAJOR BUSINESS AND FOUNDATION SUPPORT FOR ARTS AND CULTURAL ORGANIZATIONS OF SOUTH HAMPTON ROADS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO CHARITABLE ORGANIZATIONS WHICH SUPPORT THE ARTS OR PROVIDE CULTURAL EXPERIENCES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Huber Treasurer/secretary | OfficerTrustee | 1 | $0 |
Lewis Georges Member | Trustee | 1 | $0 |
Karen Bradley Member | Trustee | 1 | $0 |
Scott Mccluney Member | Trustee | 1 | $0 |
Lisa D Wigginton Vice President/executive D | OfficerTrustee | 40 | $68,340 |
Michael Fowler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $768,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,010 |
| Total Program Service Revenue | $0 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $768,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $666,395 |
| 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. | $74,566 |
| Compensation of current officers, directors, key employees. | $22,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,293 |
| Advertising and promotion | $0 |
| Office expenses | $713 |
| Information technology | $392 |
| Royalties | $0 |
| Occupancy | $4,380 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,935 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $436 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $772,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,054 |
| 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 | $689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,743 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $103,483 |
| Net assets with donor restrictions | $9,260 |
| 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 | $112,743 |
Grants Awarded
Over the last fiscal year, Business Consortium For Arts Supp has awarded $604,250 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MUSEUM OF CONTEMPORARY ART PURPOSE: ART SUPPORT | $46,410 |
VIRGINIA ARTS FESTIVAL PURPOSE: ART SUPPORT | $92,820 |
CHRYSLER MUSEUM OF ART PURPOSE: ART SUPPORT | $92,820 |
VIRGINIA OPERA PURPOSE: ART SUPPORT | $92,820 |
VIRGINIA SYMPHONY PURPOSE: ART SUPPORT | $92,820 |
VIRGINIA STAGE COMPANY PURPOSE: ART SUPPORT | $79,560 |