Oakwood Arts Inc
- Assets
- $573.9k
- Revenue
- $399.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Richmond, VA
- Founding
- 02/2018
- Data as of
- 08/2023
- EIN
- 82-1932646
Organization Overview
Oakwood Arts Inc is located in Richmond, VA. The organization was established in 2018. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 08/2023, Oakwood Arts Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakwood Arts 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 08/2023, Oakwood Arts Inc generated $399.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $380.4k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING CREATIVE OPPORTUNITIES FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS AND TECHNOLOGY PROGRAM:OUR ARTS & TECH PROGRAMS ARE DESIGNED TO CREATE AN EDUCATION-TO-EMPLOYMENT PATHWAY FOR THOSE FROM BACKGROUNDS THAT ARE CURRENTLY UNDER-REPRESENTED IN THE CREATIVE INDUSTRIES. THESE PROGRAMS ARE COMPRISED OF SEMESTER-LONG AFTER-SCHOOL PROGRAMS, WEEK-LONG CAMPS, AND WORKSHOPS THAT INTRODUCE TEENS FROM UNDER-RESOURCED COMMUNITIES TO A VARIETY OF CREATIVE PROFESSIONS. PARTICIPANTS LEARN DIRECTLY FROM VISITING CREATIVE CAREER PROFESSIONALS, AND FROM COLLEGE STUDENTS AND RECENT GRADUATES, WHO SERVE AS ONE-ON-ONE MENTORS AND INSTRUCTORS. ALL OF OUR PROGRAMS ARE FREE AND PROVIDE STUDENTS THE OPPORTUNITY TO USE STATE-OF-THE-ART EQUIPMENT AND SOFTWARE, GIVING TEENS THE DIGITAL AND TECHNICAL SKILLS NEEDED TO SUCCEED IN THE CREATIVE WORKFORCE.
CREATIVE WORKFORCE INNOVATION/ OA JET (JOB EDUCATION TRAINING): OA JET IS A TRAINING & JOB PLACEMENT PROGRAM FOR EMERGING CREATIVES WHO ARE CURRENTLY UNDERREPRESENTED IN MANY CREATIVE INDUSTRIES. THE PROGRAM IS DESIGNED TO CREATE ACCESS TO POSITIONS IN FILM & TELEVISION, FOR THOSE WHO HAVE AN INTEREST IN-BUT NOT THE OPPORTUNITY-TO WORK IN THE FILM INDUSTRY. OUR OA JET COHORTS HAVE THE OPPORTUNITY TO WORK ON A SHORT FILM PRODUCTION ONCE TRAINED WE PLACE OUR PROGRAM PARTICIPANTS TO WORK ON SETS OF PRODUCTIONS PRODUCED BY MAJOR FILM & TELEVISION STUDIOS (AMC, APPLE TV+, HULU, NETFLIX, AND SHOWTIME). WE HAVE A PARTNERSHIP WITH LOCAL 487 OF THE INTERNATIONAL ALLIANCE OF THEATRICAL STAGE EMPLOYEES (IATSE) UNION, RECOGNIZING OA JET AS THE ONLY OFFICIAL (PRE) TRAINING PROGRAM IN VIRGINIA FOR UNION FILM & TELEVISION PRODUCTION.
CONTEMPORARY ART PROGRAMMING:OUR CONTEMPORARY ART PROGRAMS SUPPORT EMERGING ARTISTS WHO ARE CURRENTLY UNDERREPRESENTED IN ALMOST ALL SECTORS OF THE ART WORLD. ARTISTS, ARTS EDUCATORS, AND/OR CURATORS ARE INVITED TO PARTICIPATE IN OUR RESIDENCY, AND OUR SOLSTICE ARTS AUCTION. WE ALSO HOLD PROFESSIONAL PRACTICE PROGRAMS AND WORKSHOPS THAT ARE RELEVANT TO EMERGING ARTISTS' CAREERS. RESIDENCY ACTIVITIES MAY INCLUDE ARTIST PRODUCTION, RESEARCH, ORGANIZING EXHIBITIONS AND COMMUNITY-ENGAGED PROJECTS. SOLSTICE ART AUCTION AND EVENT CELEBRATES A DIVERSE GROUP OF INTERNATIONALLY-RECOGNIZED AND LOCAL ARTISTS WORKING ACROSS SEVERAL MEDIA AND PROCESSES. THE EVENT PROVIDES VALUABLE EXPOSURE AND FINANCIAL SUPPORT FOR EMERGING ARTISTS AND ALSO FOR OA PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alanna Airitam Director | Trustee | 2 | $0 |
Katherine Leatherwood Brakman Director | Trustee | 2 | $0 |
Rae Cousins Director | Trustee | 2 | $0 |
Gwen Fitzgerald Director | Trustee | 2 | $0 |
Jason W Flora Vice President | OfficerTrustee | 4 | $0 |
Mike Harrell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,121 |
| Related organizations | $0 |
| Government grants | $58,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,078 |
| Total Program Service Revenue | $14,626 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,828 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,495 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,027 |
| 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. | $47,500 |
| Compensation of current officers, directors, key employees. | $4,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108 |
| Fees for services: Accounting | $8,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,886 |
| Advertising and promotion | $469 |
| Office expenses | $19,051 |
| Information technology | $18,509 |
| Royalties | $0 |
| Occupancy | $14,110 |
| Travel | $9,190 |
| 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 | $6,771 |
| All other expenses | $3,077 |
| Total functional expenses | $380,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,434 |
| Savings and temporary cash investments | $3,156 |
| Pledges and grants receivable | $22,865 |
| 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 | $502,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,148 |
| Other assets | $0 |
| Total assets | $573,902 |
| Accounts payable and accrued expenses | $2,657 |
| 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 | $193,558 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $196,215 |
| Net assets without donor restrictions | $198,503 |
| Net assets with donor restrictions | $179,184 |
| 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 | $573,902 |