Foundation For The Reichhold Center For The Arts

Organization Overview

Foundation For The Reichhold Center For The Arts is located in St Thomas, VI. The organization was established in 1979. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, 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. Foundation For The Reichhold Center For The Arts 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 09/2022, Foundation For The Reichhold Center For The Arts generated $352.5k 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 (6.8%) each year. All expenses for the organization totaled $296.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE EDUCATION AND THE ARTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION ASSISTS AND SUPPORTS THE UNIVERSITY OF THE VIRGIN ISLANDS IN ACCOMPLISHING ITS CHARITABLE AND EDUCATIONAL MISSION BY PROVIDING FINANCIAL ASSISTANCE FOR THE REICHHOLD CENTER OF THE ARTS.


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Board, Officers & Key Employees

Name (title)Compensation
Mitchell Neaves
Executive Dir.
$0
Henry C Smock ESQ
Vice Chair
$0
Felipe Ayala Jr
Secretary
$0
Hugo V Hodge Jr
Chair
$0
Steven M Simmons
Treasurer
$0
Dr David Hall
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,690
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,690
Total Program Service Revenue$0
Investment income $363,641
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$12,826
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $352,505

Peer Organizations

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