Bower Center For The Arts
- Assets
- $415.8k
- Revenue
- $235.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Bedford, VA
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 81-0684725
Organization Overview
Bower Center For The Arts is located in Bedford, VA. The organization was established in 2016. 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 12/2021, Bower Center For The Arts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bower 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 12/2021, Bower Center For The Arts generated $235.7k 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 (15.0%) each year. All expenses for the organization totaled $222.9k 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
TO MAKE VISUAL AND PERFORMING ARTS AVAILABLE TO THE ENTIRE BEDFORD POPULATION; TO BECOME A CREATIVE FORCE AND AN EDUCATIONAL RESOURCE FOR THE COMMUNITY, AND TO HARNESS THE ECONOMIC VITALITY OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS TO MAKE VISUAL AND PERFORMING ARTS AVAILABLE TO THE ENTIRE BEDFORD POPULATION: TO BECOME A CREATIVE FORCE AND AN EDUCATIONAL RESOURCE FOR THE COMMUNITY, AND TO HARNESS THE ECOONOMIC VITALITY OF THE ARTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Martin Executive Director | Officer | 40 | $62,500 |
Desmond Black President | OfficerTrustee | 5 | $0 |
Stacey Hailey Vice President | OfficerTrustee | 5 | $0 |
Janet Chalker Secretary/treasurer | OfficerTrustee | 5 | $0 |
Revelle Hamilton Director | Trustee | 2 | $0 |
Emilie Temeles Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,098 |
| Related organizations | $0 |
| Government grants | $39,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,830 |
| Total Program Service Revenue | $35,901 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,926 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,392 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,720 |
| 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. | $62,500 |
| Compensation of current officers, directors, key employees. | $31,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,455 |
| Advertising and promotion | $2,474 |
| Office expenses | $5,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,499 |
| 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 | $22,289 |
| Insurance | $4,337 |
| All other expenses | $14,138 |
| Total functional expenses | $222,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $335 |
| 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 | $301 |
| Net Land, buildings, and equipment | $349,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,824 |
| Accounts payable and accrued expenses | $5,184 |
| 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 | $2,377 |
| Total liabilities | $7,561 |
| Net assets without donor restrictions | $369,562 |
| Net assets with donor restrictions | $38,701 |
| 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 | $415,824 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bower Center For The Arts has recieved totaling $55.
| Awarding Organization | Amount |
|---|---|
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Coalition For App Fairness Washington, DC | $984,677 | $4,439,544 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
Weinberg Center For The Arts Inc Frederick, MD | $1,941,791 | $2,451,910 |
Chesapeake Shakespeare Company Baltimore, MD | $6,775,926 | $2,236,169 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |