Village Art Club Inc is located in Bentonville, AR. The organization was established in 1993. 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. Village Art Club 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 12/2021, Village Art Club Inc generated $24.2k 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 (26.5%) each year. All expenses for the organization totaled $102.2k during the year ending 12/2021. 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 AND PROVIDE SUPPORT FOR ARTISTS AND ARTISANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAVE SCHOLARSHIPS TO STUDENTS TO PURSUE THEIR ART DEGREE STUDIES AND GRANTS TO LOCAL ART PROGRAMS IN ELEMENTARY SCHOOLS
WISHING SPRING GALLERY - PROVIDE VENUE FOR SALE OF MEMBER ART AND CRAFT ITEMS
THE CLAY STUDIO - PROVIDE ON-GOING ART EDUCATION
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Pearl Williamson Gallery Director | Officer | 15 | $3,000 |
Denise Williamsen Studio Director | Officer | 10 | $1,000 |
Bill Croft 2nd VP | Officer | 15 | $1,000 |
Dustie Meads Scholarships Director | Officer | 1 | $0 |
Margaret Rost Publicity Director | Officer | 2 | $0 |
Heather Grills Education Director | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $2,179 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,179 |
Total Program Service Revenue | $249 |
Investment income | $14,776 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $7,000 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $24,204 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $5,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $21,493 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $3,804 |
Fees for services: Other | $7,352 |
Advertising and promotion | $7,164 |
Office expenses | $2,351 |
Information technology | $1,489 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $102,198 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,103 |
Savings and temporary cash investments | $47,936 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $508,880 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $569,919 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $569,919 |
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 | $569,919 |
Over the last fiscal year, we have identified 2 grants that Village Art Club Inc has recieved totaling $56,000.
Awarding Organization | Amount |
---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: NON-PROFIT OPERATING EXPENSES | $50,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO REIMBURSE SCHOLARSHIP PAYMENTS | $6,000 |
Beg. Balance | $258,817 |
Earnings | -$15,646 |
Admin Expense | $2,589 |
Ending Balance | $240,582 |
Organization Name | Assets | Revenue |
---|---|---|
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Painting & Decorating Contractors Of America Maryland Heights, MO | $1,053,782 | $1,259,349 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Rabbit Room Inc Franklin, TN | $2,342,390 | $941,267 |