Floyd Community Center For The Arts Inc is located in Floyd, VA. The organization was established in 1996. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Floyd Community Center For The Arts Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd Community Center For The Arts 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 12/2021, Floyd Community Center For The Arts Inc generated $705.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $292.6k during the year ending 12/2021. 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
SUPPORT THE ARTS IN FLOYD COUNTY AND SURROUNDING AREAS BY PROVIDING EDUCATIONAL PROGRAMS (ADULT & YOUTH), REVENUE THRU ARTISTIC ACTIVITIES, SHOWCASING & PRESERVING ARTS/CULTURE UNIQUE TO THE REGION, ART & CRAFT EXHIBITS, CONCERTS, BUSINESS INCUBATOR FOR ARTISTS & CULTURAL ARTS. ACTIVITY CURTAILED IN 2021 DUE TO COVID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAM - THE CENTER OFFERS EDUCATIONAL PROGRAMMING FOR ADULTS IN A WIDE RANGE OF ART MEDIA THROUGH CLASSES, WORKSHOPS, OPEN STUDIO SESSIONS AND LECTURES. CLASSES ARE IN BLACKSMITHING, CERAMICS, FIBER ARTS, GLASS, JEWELRY, METALSMITHING, SCULPTURE AND 2D ART. IN 2021, MOST CLASSES WERE CANCELLED; ONLY A FEW COULD BE SAFELY HELD WITH A SMALLER NUMBER OF STUDENTS. THE CENTER ALSO OFFERS ARTISTIC OPPORTUNITIES FOR YOUTH THROUGH WEEKLY "AFTERNOON ARTS" PROGRAMS, A WEEK-LONG SUMMER KID'S ART CAMP AS WELL AS SPECIAL EVENTS DURING THE YEAR PLANNED FOR CHILDREN. OUR CHILDREN'S ART PROGRAMS ARE OFFERED AT VERY LOW COST OR ARE FREE TO ALLOW FOR GREATER PARTICIPATION BY FAMILIES OF ANY INCOME LEVEL. WE ALSO PROVIDE FULL SCHOLARSHIPS FOR 2 CHILDREN TO ATTEND OUR SUMMER KID'S CAMP. IN 2021, WE CANCELLED IN PERSON CHILDREN'S ACTIVITIES, OFFERING VIRTUAL ART CLASSES INSTEAD. EDUCATIONAL PROGRAMMING EXPENSES INCLUDE SUPPORT STAFF AND DIRECT EXPENSES SUCH AS INSTRUCTOR FEES/COSTS, EQUIPMENT AND CLASS MATERIALS. GENERAL OVERHEAD EXPENSES INCLUDED AS THE EDUCATIONAL PROGRAMMING USES A SIGNIFICANT PORTION OF THE CENTER'S CAMPUS AND BUILDINGS AS REFLECTED IN PROGRAM EXPENSES IN PART IX.
GALLERY SHOWS - THE CENTER HAS 3 GALLERY SPACES WITH ROTATING EXHIBITS THROUGHOUT THE YEAR. IN 2020, WE TRANSITIONED TO VIRTUAL TOURS RECORDED AND PUT ONLINE. IN 2021, WE CONTINUED THE VIRTUAL TOURS OF OUR SHOWS AS WELL AS WELCOMING VISITORS BACK INTO THE CENTER. FOR PANDEMIC SAFETY REASONS, WE STILL DID NOT HOLD GALLERY SHOW OPENING RECEPTIONS. IN ADDITION TO THE CENTER'S SPACES, WE ALSO HAVE AN OFF-SITE GALLERY SPACE AT THE HOTEL FLOYD. WE WERE PLEASED THAT WE WERE ABLE TO PAY ARTISTS A TOTAL OF $27,668 FOR OVER 400 PIECES OF ART SOLD, INCLUDING SALES IN OUR GIFT SHOP AND STUDIO SPACES. DIRECT EXPENSES INCLUDE AWARDS AND PRIZES, JUROR'S FEE AND GALLERY REPAIRS. COST ALLOCATED EXPENSES ARE ALSO INCLUDED.
CONCERTS - THE CENTER OFFERS A SERIES OF CLASSICAL MUSIC, OPERA AND JAZZ MUSIC CONCERTS THROUGHOUT THE YEAR. IN 2020 AND 2021 CONCERTS WERE CANCELLED DUE TO THE PANDEMIC. HOWEVER, WE WERE ABLE TO HOLD ONE CONCERT IN DECEMBER 2021 ATTENDED BY 75 PEOPLE. THIS CONCERT WAS IN COLLABORATION WITH THE NON-PROFIT VIRGINIA'S BLUE RIDGE MUSIC FESTIVAL. LOW PRICED STUDENT TICKETS MAY BE PURCHASED, BUT WE USUALLY HAVE DONATED TICKETS FOR STUDENTS, TOO. DIRECT EXPENSE INCLUDE MUSICIAN FEES AND RECEPTION SUPPLIES/FOOD/DRINK. COST ALLOCATED EXPENSES ARE ALSO INCLUDED.
OTHER PROGRAM SERVICES INCLUDE MEMBERSHIP SERVICES & MEMBERSHIP DINNER, WINTERFEST, AND FINEHEARTS SENIOR ART PROGRAM. IN ADDITION, PROGRAM SERVICES INCLUDE OUR BUSINESS INCUBATION PROGRAM WITH STUDIO TENANTS, COMMUNITY USE OF FACILITIES AND THE ARTISAN MARKET IN FLOYD ON FRIDAY NIGHTS DURING THE SUMMER. HOWEVER, ALL PROGRAMMING WAS CURTAILED OR CANCELLED IN 2021 DUE TO COVID RESTRICTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rebecca Lattuca Executive Director, Partial Year | Officer | 40 | $34,471 |
William Jeffrey Liverman Executive Director, Partial Year | Officer | 40 | $8,833 |
Barbara Von Claparede-Crola Vice President, Partial Year | OfficerTrustee | 5 | $0 |
Karen Howard Baker Secretary | OfficerTrustee | 2 | $0 |
Don George Treasurer | Officer | 4 | $0 |
Kate Condon Board Member, Partial Year | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,510 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $86,879 |
All other contributions, gifts, grants, and similar amounts not included above | $548,458 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $638,847 |
Total Program Service Revenue | $46,102 |
Investment income | $4,926 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,033 |
Net Income from Fundraising Events | $9,017 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $705,205 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $250 |
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. | $43,304 |
Compensation of current officers, directors, key employees. | $14,290 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $102,186 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,130 |
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 | $8,446 |
Advertising and promotion | $1,288 |
Office expenses | $8,460 |
Information technology | $2,977 |
Royalties | $0 |
Occupancy | $39,781 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $4,358 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $53,194 |
Insurance | $0 |
All other expenses | $648 |
Total functional expenses | $292,587 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $231,396 |
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 | $529,592 |
Investments—publicly traded securities | $330,684 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $17,621 |
Total assets | $1,109,293 |
Accounts payable and accrued expenses | $268 |
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 | $112,384 |
Other liabilities | $19,423 |
Total liabilities | $132,075 |
Net assets without donor restrictions | $923,909 |
Net assets with donor restrictions | $53,309 |
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 | $1,109,293 |
Over the last fiscal year, we have identified 4 grants that Floyd Community Center For The Arts Inc has recieved totaling $26,621.
Awarding Organization | Amount |
---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $15,002 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $11,000 |
Reynolds American Foundation Winston Salem, NC PURPOSE: CHARITABLE ACTIVITIES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $119 |
Organization Name | Assets | Revenue |
---|---|---|
Glenstone Foundation Potomac, MD | $0 | $596,667,510 |
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Life Pieces To Masterpieces Washington, DC | $694,672 | $1,837,950 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |
The Bascom Corporation Highlands, NC | $11,572,802 | $1,588,338 |