Cultural Arts Center At Glen Allen Foundation
- Assets
- $2.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 35
- Location
- Glen Allen, VA
- Founding
- 06/1997
- Data as of
- 06/2023
- EIN
- 54-1850818
Organization Overview
Cultural Arts Center At Glen Allen Foundation is located in Glen Allen, VA. The organization was established in 1997. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Cultural Arts Center At Glen Allen Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cultural Arts Center At Glen Allen Foundation 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 06/2023, Cultural Arts Center At Glen Allen Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 1.2% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENRICH THE COMMUNITY BY OFFERING EXCEPTIONAL CULTURAL PERFORMANCES, CLASSES AND VISUAL ARTS EXHIBITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH OVER 80,000 PEOPLE ATTENDING APPROXIMATELY 300 EVENTS AND FREE EXHIBITS, THE CENTER WAS HOME TO MANY ARTS, CULTURAL, COMMUNITY AND CIVIC ORGANIZATIONS HOSTING PERFORMANCES, GALLERY EXHIBITS, MEETINGS AND PRIVATE EVENTS. THE CENTER HAS CREATED ITS OWN SIGNATURE PERFORMANCE SERIES - CENTER SEASON (OFFERING EXCEPTIONAL PERFORMANCES IN THEATRE, MUSIC AND DANCE) AND 2ND STAGE (FEATURING EXCEPTIONAL LOCAL AND REGIONAL PERFORMING ARTISTS). THE CENTER PRESENTS PROGRAMS IN VISUAL, LITERARY AND PERFORMING ARTS IN THE METROPOLITAN RICHMOND AREA INCLUDING: - ART MATTERS - WEEKLY ART CLASSES AND A SUMMER CAMP TO YOUTH AT RISK - ARTFUL LIVING - A COMMUNITY BASED (REDUCED FEE AND FREE) ART PROGRAMS FOR HEALTHY SENIORS LOOKING FOR WAYS TO STAY ENGAGED AND HEALTHY - CREATIVE FAMILY STUDIO - A FAMILY ARTS PROGRAMS INCLUDING POSITIVE PARENTING AND HEALTHY EATING SESSIONS FOR PARENTS AS THEY EXPERIENCE ART - BLUEGRASS JAM - A BLUEGRASS MARATHON RAISING MONEY FOR THE FISHER HOUSE- BENEFITTING VETERANS AND THEIR FAMILIES AS THEY EXPERIENCE MEDICAL CRISIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn T Alferio President | Officer | 40 | $134,883 |
Lou Brown Ali Director | Trustee | 1 | $0 |
Abrar Azamuddin Director | Trustee | 1 | $0 |
Mike Burke Director | Trustee | 1 | $0 |
Sherman Burroughs Treasurer | OfficerTrustee | 1 | $0 |
James Doering Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $657,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,977 |
| Total Program Service Revenue | $972,824 |
| Investment income | $32,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,816,676 |
| 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. | $134,883 |
| Compensation of current officers, directors, key employees. | $53,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $716,483 |
| Pension plan accruals and contributions | $31,001 |
| Other employee benefits | $66,251 |
| Payroll taxes | -$26,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $89,328 |
| Office expenses | $6,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,186 |
| Travel | $977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,105 |
| Insurance | $15,317 |
| All other expenses | $72,520 |
| Total functional expenses | $1,637,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,077 |
| Savings and temporary cash investments | $254,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,563 |
| Prepaid expenses and deferred charges | $128,445 |
| Net Land, buildings, and equipment | $351,144 |
| Investments—publicly traded securities | $1,465,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,360,121 |
| Accounts payable and accrued expenses | $70,172 |
| Grants payable | $0 |
| Deferred revenue | $297,935 |
| 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 | $165,951 |
| Total liabilities | $534,058 |
| Net assets without donor restrictions | $1,791,661 |
| Net assets with donor restrictions | $34,402 |
| 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 | $2,360,121 |