Parkersburg Art Center Inc
- Assets
- $3.0m
- Revenue
- $412.4k
- Investments
- $0.0
- Employees
- 19
- Location
- Parkersburg, WV
- Founding
- 01/1965
- Data as of
- 06/2022
- 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 06/2022, Parkersburg Art Center Inc employed 19 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 06/2022, Parkersburg Art Center Inc generated $412.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $572.1k during the year ending 06/2022. 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
2022
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 |
|---|---|---|---|
Robert Newell Chair | OfficerTrustee | 4 | $0 |
Mark Lewis Trustee | Trustee | 1 | $0 |
Justin Papania Trustee | Trustee | 1 | $0 |
Kelley Cartwright Secretary | Trustee | 2 | $0 |
Vance Hewitt Emeritus | OfficerTrustee | 1 | $0 |
Rachel Poling Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,579 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,653 |
| Total Program Service Revenue | $249,784 |
| Investment income | -$10,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$93,676 |
| Net Income from Fundraising Events | $3,278 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,382 |
| 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 | $329,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $375 |
| Payroll taxes | $28,556 |
| 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 | $17,326 |
| Advertising and promotion | $0 |
| Office expenses | $507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,418 |
| Travel | $306 |
| 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 | $72,449 |
| Insurance | $11,721 |
| All other expenses | $286 |
| Total functional expenses | $572,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,081 |
| 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 | $1,851,286 |
| Investments—publicly traded securities | $836,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,955,164 |
| Accounts payable and accrued expenses | $11,873 |
| Grants payable | $0 |
| Deferred revenue | $4,000 |
| 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 | $15,873 |
| Net assets without donor restrictions | $2,821,384 |
| Net assets with donor restrictions | $117,907 |
| 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 | $2,955,164 |