Parkersburg Art Center Inc
- Assets
- $3.2m
- Revenue
- $710.1k
- Investments
- $0.0
- Employees
- 15
- Location
- Parkersburg, WV
- Founding
- 01/1965
- Data as of
- 06/2021
- EIN
- 55-0526227
Organization Overview
Parkersburg Art Center Inc is located in Parkersburg, WV. The organization was established in 1965. 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 06/2021, Parkersburg Art Center Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkersburg Art Center 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 06/2021, Parkersburg Art Center Inc generated $710.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $466.3k during the year ending 06/2021. 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
PROMOTE, SUPPORT AND DISPLAY THE WORKS OF VISUAL ARTISTS IN THE MID OHIO VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ART EDUCATION AND TRAINING.
TO PROVIDE THE OPPORTUNITY FOR ART EXHIBITS IN THE PARKERSBURG AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Siefert Managing Director | Trustee | 40 | $55,799 |
Abby Hayhurst Artistic Director | Officer | 40 | $45,359 |
Robert Newell Chair | OfficerTrustee | 4 | $0 |
Lynn Mccormick Trustee | OfficerTrustee | 1 | $0 |
Bob Stephens Emeritus | OfficerTrustee | 1 | $0 |
Amy Strobl Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,477 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,710 |
| Total Program Service Revenue | $222,874 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $191,186 |
| Net Income from Fundraising Events | $3,145 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $710,115 |
| 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 | $275,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $368 |
| Payroll taxes | $25,748 |
| 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 | $20,422 |
| Advertising and promotion | $0 |
| Office expenses | $290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,545 |
| 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 | $68,156 |
| Insurance | $10,709 |
| All other expenses | $261 |
| Total functional expenses | $466,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,583 |
| 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 | $1,836,815 |
| Investments—publicly traded securities | $988,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,167,549 |
| Accounts payable and accrued expenses | $14,828 |
| 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 | $53,706 |
| Total liabilities | $68,534 |
| Net assets without donor restrictions | $2,020,139 |
| Net assets with donor restrictions | $1,078,876 |
| 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 | $3,167,549 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Parkersburg Art Center Inc has recieved totaling $125,733.
| Awarding Organization | Amount |
|---|---|
Parkersburg Area Community Foundation Inc Parkersburg, WV PURPOSE: ARTS, CULTURE, & HISTORY | $97,097 |
Virginia L Neptune Charitable Foundation Parkersburg, WV PURPOSE: FUNDING TO PROVIDE EDUCATION OFFERINGS FOR THE FREE ART SATURDAYS PROGRAM, (SUPPLIES AND TEACHERS) AND MATCHING FOR GRANT. | $16,000 |
Henry Logan Childrens Home Parkersburg, WV PURPOSE: FOR CAMP CREATIVITY AND TO DEFRAY THE COST OF TEACHERS AND QUALITY INSTRUCTIONAL MATERIALS. | $7,590 |
Ross Foundation Inc Parkersburg, WV PURPOSE: OPERATING SUPPORT FOR THE ORGANIZATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
| Beg. Balance | $814,067 |
| Ending Balance | $814,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glenstone Foundation Potomac, MD | $0 | $596,667,510 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |
Unite Local 10 & Textile Maint Ind Philadelphia & Vicinity Welfare Philadelphia, PA | $3,000,579 | $1,742,913 |
Pittsburgh Glass Center Inc Pittsburgh, PA | $6,794,843 | $3,874,545 |