Arts Council Of The Valley
- Assets
- $329.2k
- Revenue
- $668.5k
- Investments
- $0.0
- Employees
- 15
- Location
- Harrisonburg, VA
- Founding
- 10/2001
- Data as of
- 06/2023
- EIN
- 54-2025348
Organization Overview
Arts Council Of The Valley is located in Harrisonburg, VA. The organization was established in 2001. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Arts Council Of The Valley employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts Council Of The Valley 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, Arts Council Of The Valley generated $668.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $675.6k during the year ending 06/2023. While expenses have increased by 7.4% per year over the past 8 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
THE ARTS COUNCILE OF THE VALLEY CHAMPIONS DIVERSE ARTISTIC EXPRESSION AND PROMOTES THE ARTS AS FUNDAMENTAL TO A VIBRANT COMMUNITY. ARTS COUNCIL OF THE VALLEY PROVIDES MEMORABLE ARTS EXPERIENCES FOR INDIVIDUALS IN THE CITY OF HARRISONBURG AND ROCKINGHAM COUNTY THROUGH OUR VISUAL, LITERARY, AND PERFORMING ARTS PROGRAMS, EDUCATIONAL OPPORTUNITIES, AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURT SQUARE THEATER IS A UNIQUE, ONE-OF-A-KIND, SINGLE-SCREEN THEATER LOCATED IN THE HEART OF DOWNTOWN HARRSIONBURG. ONCE THE SITE OF THE OLD ROCKINGHAM MOTOR CORPORATION, THE ARCHITECTS OF THE THEATER KEPT AND REPURPOSED MANY INTERIOR AND EXTERIOR BUILDING DETAILS GIVING COURT SQUARE THEATER DISTINCT CHARM AND HISTORIC AMBIANCE. THE ARTS COUNCIL OF THE VALLEY OFFERS DOCUMENTARY, INDEPENDENT AND FOREIGN FILMS, AS WELL AS RECOGNIZABLE CULT-CLASSICS FOR INDIVIDUALS OF ALL AGES. COURT SQUARE THEATER FEATURES PLAYS FROM LOCAL COMMUNITY THEATER GROUPS, FILM SERIES, DANCE PERFORMANCE, COMEDY TROUPES, LECTURES AND SYMPOSIA, AND MUSIC EVENTS, WHICH BRINGS AN ELECTRIC MIX OF FLAVOR TO OUR COMMUNITY. IN THE PAST OUR ORGANIZATION HAS COLLABORATED WITH THE GO LOCAL FILM SERIES, THE VALLEY PLAYHOUSE, BENEFIT CONCERTS FOR THE BOYS AND GIRLS CLUB AND THE COLLINS CENTER, LOCAL ROTARY GROUP PROGRAMMING, THE LATINO FILM FESTIVAL, AND MUCH, MUCH MORE
GALLERY EXHIBITIONS & FIRST FRIDAYS: FIRST FRIDAYS IS A MONTHLY EVENT WHICH RUNS ANNUALLY AND IS LED BY THE ARTS COUNCIL OF THE VALLY IN PARTNERSHIP WITH MORE THAN 30 DOWNTOWN BUSINESSES AND COUNTLESS REGIONAL CREATORS IN THE VISUAL, PERFORMING, AND LITERARY ARTS. SINCE 2009, THE DARRIN-MCHONE ART GALLERY, THE ARTS COUNCIL'S VISUAL ARTS SPACE, HAS PRESENTED OVER 64 MONTH-LONG ART EXHIBITIONS BY SOME OF THE AREA'S LEADING ARTISTS. OUR EXHIBITION OPENINGS TAKE PLACE ON THE FIRST FRIDAY OF THE MONTH.
ADVANCING THE ARTS GRANTS: ACV PROVIDES MONETARY AWARDS AND FACILITY VENUE GRANTS FOR ARTISTS, TEACHERS, AND STUDENTS THROUGH OUR ADVANCING THE ARTS GRANTING INITIATIVE. THE ARTS COUNCIL SOLICITS PROPOSALS FROM LOCAL ARTICST, AREA PUBLIC SCHOOLS, UNIVERSITIES AND COLLEGES. THIS INITIATIVE AFFORDS US THE OPPORTUNITY TO GIVE BACK TO THE COMMUNITY SO CREATIVE INDIVIDUALS CAN SEE THEIR PROJECTS COME TO FRUITION. ACV ORGANIZES A PANEL OF ART PROFESSIONALS WHO REVIEW GRANT PROPSALS AND MAKE SELECTIONS. THIS OPPORTUNITY IS AFFORDED TO INDIVIDUALS OF ALL AGE LEVELS AND DEMOGRAPHICS. PAST RECIPIENTS INCLUDE, STONE SPRING ELEMENTARY SCHOOL; WANCHI HUANG, PROFESSOR OF VIOLIN AT JAMES MADISON UNIVERSITY; SOUTH RIVER ELEMENTARY SCHOOL; SHENANDOAH WRITERS ASSOCIATION WRITE-BRAINED PROGRAM; AND THE SUPER G8 FILM FESTIVAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Hostetter President | OfficerTrustee | 2 | $0 |
Paul Riner Vice Preside | OfficerTrustee | 2 | $0 |
Wesley Russ Treasurer | OfficerTrustee | 2 | $0 |
Stephan Hess Secretary | OfficerTrustee | 2 | $0 |
Kay Arthur Board Direct | Trustee | 2 | $0 |
Tom Arthur Board Direct | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,900 |
| Total Program Service Revenue | $369,719 |
| Investment income | $3,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $64,393 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,264 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $668,462 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,172 |
| Pension plan accruals and contributions | $3,152 |
| Other employee benefits | $1,313 |
| Payroll taxes | $20,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,362 |
| Advertising and promotion | $11,550 |
| Office expenses | $4,861 |
| Information technology | $1,913 |
| Royalties | $0 |
| Occupancy | $26,862 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,346 |
| Insurance | $3,267 |
| All other expenses | $11,591 |
| Total functional expenses | $675,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,672 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,099 |
| 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 | $50,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,245 |
| Accounts payable and accrued expenses | $4,028 |
| 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 | $4,028 |
| Net assets without donor restrictions | $325,217 |
| Net assets with donor restrictions | $0 |
| 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 | $329,245 |