Oakwood Arts Inc
- Assets
- $529.0k
- Revenue
- $234.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Richmond, VA
- Founding
- 02/2018
- Data as of
- 06/2021
- EIN
- 82-1932646
Organization Overview
Oakwood Arts Inc is located in Richmond, VA. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Oakwood Arts Inc employed 7 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 06/2021, Oakwood Arts Inc generated $234.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $230.2k during the year ending 06/2021. 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
SUPPORTING CREATIVE OPPOTUNITIES FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS AND TECHNOLOGY PROGRAMS:THE HEART OF OUR PROGRAMMING, THESE COURSES ENCOURAGE PARTICIPANTS TOUSE TECHNOLOGY AS A CREATIVE TOOL AND TO EXPAND THEIR DIGITAL LITERACY.PARTICIPANTS HAVE OPPORTUNITIES TO LEARN DIRECTLY FROM VISITINGCREATIVE CAREER PROFESSIONALS, AND ARE PAIRED WITH COLLEGE STUDENTS ANDRECENT GRADUATES, WHO SERVE AS ONE-ON-ONE MENTORS AND INSTRUCTORS. TODATE WE HAVE RUN THE FOLLOWING COURSES FOR UNDERSERVED YOUTH FROMRICHMOND'S EAST END: ANIMATION, COSTUME DESIGN, DIGITAL PHOTOGRAPHY,VISUAL COMMUNICATION, CITY STUDIO: SPRING BREAK DESIGN CAMP, AND CAREER PANELS.
CONTEMPORARY ART PROGRAMMINGTHESE FREE OR LOW-COST WORKSHOPS SERVE TO FACILITATE ACCESS TO THE ARTSFOR EAST END RESIDENTS OF ALL BACKGROUNDS, AGES, AND SKILL LEVELS.USING A RANGE OF ARTISTIC MEDIUMS, WE INVITE PARTICIPANTS TOCOLLABORATE AND IMMERSE THEMSELVES IN THE CREATIVE PROCESS. WE AIM TOCREATE WORKSHOPS THAT DIRECTLY SUIT THE INTERESTS OF OUR PARTICIPANTSAND TO EXPAND OUR OFFERINGS TO ENCOURAGE CONTINUED COMMUNITYPARTICIPATION AND INVESTMENT. EXAMPLES OF WORKSHOPS & EVENTS WE HAVEHOSTED: CYANOTYPE WORKSHOPS, A COMMUNITY ANIMATION PROJECT, PHOTOBOOTHS, AND GUEST ARTIST TALKS.
CONTEMPORARY ART PROGRAMMING:INVITED ARTISTS, ARTS EDUCATORS, AND/OR CURATORS ARE INVITED TO PARTICIPATE IN OUR RESIDENCY AND OUR SOLSTICE ARTS AUCTION. THESE ACTIVITIES MAY INCLUDE: ARTIST PRODUCTION, RESEARCH, ORGANIZING EXHIBITIONS & ARE ALSO ENCOURAGED TO DEVELOP COMMUNITY-ENGAGED PROJECTS. OAKWOOD ARTS' SOLSTICE AUCTION AND EVENT CELEBRATES OF A DIVERSE GROUP OF INTERNATIONALLY-RECOGNIZED AND LOCAL ARTISTS. SUMMER SOLSTICE BRINGS A WIDE RANGE OF ARTISTS WORKING ACROSS SEVERAL MEDIA AND PROCESSES UNDER ONE ROOF. GIVING EMERGING ARTISTS VALUABLE EXPOSURE. THE EVENT ALSO PROVIDES FINANCIAL SUPPORT TO THE ARTISTS, AND FOR OAKWOOD ARTS PROGRAMMING & HELPS EMERGING AND ESTABLISHED ARTISTS TO JOIN WELL-RESPECTED ART COLLECTIONS.
ARTS AND TECHNOLOGY PROGRAMS:THE HEART OF OUR PROGRAMMING, THESE COURSES ENCOURAGE PARTICIPANTS TOUSE TECHNOLOGY AS A CREATIVE TOOL AND TO EXPAND THEIR DIGITAL LITERACY.PARTICIPANTS HAVE OPPORTUNITIES TO LEARN DIRECTLY FROM VISITINGCREATIVE CAREER PROFESSIONALS, AND ARE PAIRED WITH COLLEGE STUDENTS ANDRECENT GRADUATES, WHO SERVE AS ONE-ON-ONE MENTORS AND INSTRUCTORS. TODATE WE HAVE RUN THE FOLLOWING COURSES FOR UNDERSERVED YOUTH FROMRICHMOND'S EAST END: ANIMATION, COSTUME DESIGN, DIGITAL PHOTOGRAPHY,VISUAL COMMUNICATION, CITY STUDIO: SPRING BREAK DESIGN CAMP, AND CAREER PANELS.
COMMUNITY WORKSHOPS & EVENTSTHESE FREE OR LOW-COST WORKSHOPS SERVE TO FACILITATE ACCESS TO THE ARTSFOR EAST END RESIDENTS OF ALL BACKGROUNDS, AGES, AND SKILL LEVELS.USING A RANGE OF ARTISTIC MEDIUMS, WE INVITE PARTICIPANTS TOCOLLABORATE AND IMMERSE THEMSELVES IN THE CREATIVE PROCESS. WE AIM TOCREATE WORKSHOPS THAT DIRECTLY SUIT THE INTERESTS OF OUR PARTICIPANTSAND TO EXPAND OUR OFFERINGS TO ENCOURAGE CONTINUED COMMUNITYPARTICIPATION AND INVESTMENT. EXAMPLES OF WORKSHOPS & EVENTS WE HAVEHOSTED: CYANOTYPE WORKSHOPS, A COMMUNITY ANIMATION PROJECT, PHOTOBOOTHS, AND GUEST ARTIST TALKS.
CONTEMPORARY ART PROGRAMMING:INVITED ARTISTS, ARTS EDUCATORS, AND/OR CURATORS ARE INVITED TO PARTICIPATE IN OUR RESIDENCY AND OUR SOLSTICE ARTS AUCTION. THESE ACTIVITIES MAY INCLUDE: ARTIST PRODUCTION, RESEARCH, ORGANIZING EXHIBITIONS & ARE ALSO ENCOURAGED TO DEVELOP COMMUNITY-ENGAGED PROJECTS. OAKWOOD ARTS' SOLSTICE AUCTION AND EVENT CELEBRATES OF A DIVERSE GROUP OF INTERNATIONALLY-RECOGNIZED AND LOCAL ARTISTS. SUMMER SOLSTICE BRINGS A WIDE RANGE OF ARTISTS WORKING ACROSS SEVERAL MEDIA AND PROCESSES UNDER ONE ROOF. GIVING EMERGING ARTISTS VALUABLE EXPOSURE. THE EVENT ALSO PROVIDES FINANCIAL SUPPORT TO THE ARTISTS, AND FOR OAKWOOD ARTS PROGRAMMING & HELPS EMERGING AND ESTABLISHED ARTISTS TO JOIN WELL-RESPECTED ART COLLECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Castleman Executive Director | Officer | 40 | $22,200 |
Anne Chapman Vice President | OfficerTrustee | 4 | $0 |
Aubrey W Fountain III Treasurer | OfficerTrustee | 4 | $0 |
Hosh Weeks Treasurer | OfficerTrustee | 4 | $0 |
Karen Wells Secretary | OfficerTrustee | 2 | $0 |
Shantell Chambliss President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,470 |
| Related organizations | $0 |
| Government grants | $28,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,474 |
| Total Program Service Revenue | $33,807 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$79 |
| Net Income from Fundraising Events | $1,704 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,907 |
| 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. | $31,350 |
| Compensation of current officers, directors, key employees. | $3,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $265 |
| Fees for services: Accounting | $1,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,094 |
| Advertising and promotion | $0 |
| Office expenses | $2,100 |
| Information technology | $7,274 |
| Royalties | $0 |
| Occupancy | $7,269 |
| 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 | $440 |
| All other expenses | $389 |
| Total functional expenses | $230,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,688 |
| Savings and temporary cash investments | $34,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,450 |
| 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 | $791 |
| Net Land, buildings, and equipment | $438,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,272 |
| Other assets | $0 |
| Total assets | $528,952 |
| Accounts payable and accrued expenses | $6,841 |
| 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 | $306,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $313,440 |
| Net assets without donor restrictions | $180,775 |
| Net assets with donor restrictions | $34,737 |
| 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 | $528,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oakwood Arts Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Elmwood Fund Richmond, VA PURPOSE: EDUCATIONAL, RELIGIOUS, AND CHARITABLE(INCLUDING SCHOLARSHIPS TO STUDENTS UNDER AN APPROVED PROGRAM) | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Better Medicare Alliance Inc Washington, DC | $3,588,076 | $11,134,798 |
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
The Philanthropy Roundtable Inc Washington, DC | $16,718,572 | $10,468,910 |
Council On Foundations Inc Washington, DC | $28,475,981 | $12,025,472 |
Independent Sector Washington, DC | $46,005,638 | $15,271,435 |
Capital Research Center Washington, DC | $10,585,659 | $6,083,008 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
National Center For Family Philanthropy Inc Washington, DC | $7,834,627 | $8,108,744 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |