Isle Of Wight Arts League
- Assets
- $163.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Smithfield, VA
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 54-1889006
Organization Overview
Isle Of Wight Arts League is located in Smithfield, VA. The organization was established in 1998. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Isle Of Wight Arts League 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, Isle Of Wight Arts League generated $140.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $133.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla A Mcgreevy President | 6 | $0 | |
Deborah Duncan Secretary | 3 | $0 | |
Diane Milner Vice President | 2 | $0 | |
T Dru Stowe Treasurer | 4 | $0 | |
Elaine Dairo Director | 3 | $0 | |
Connie Chapman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,506 |
| Total Program Service Revenue | $74,132 |
| Membership dues | $0 |
| Investment income | $1,623 |
| Gain or Loss | -$2,334 |
| Net Income from Gaming & Fundraising | $1,565 |
| Other Revenue | $0 |
| Total Revenue | $140,492 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,073 |
| Professional fees and other payments to independent contractors | $44,774 |
| Occupancy, rent, utilities, and maintenance | $32,207 |
| Printing, publications, postage, and shipping | $623 |
| Other expenses | $14,611 |
| Total expenses | $133,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,060 |
| Other assets | $0 |
| Total assets | $163,761 |
| Total liabilities | $1,938 |
| Net assets or fund balances | $161,823 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Isle Of Wight Arts League has recieved totaling $6,044.
| Awarding Organization | Amount |
|---|---|
Business Consortium For Arts Supp Norfolk, VA PURPOSE: ART SUPPORT | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| 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 |