757 Creative Reuse Center
- Assets
- $35.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 83-2521545
Organization Overview
757 Creative Reuse Center is located in Norfolk, VA. The organization was established in 2018. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. 757 Creative Reuse Center 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, 757 Creative Reuse Center generated $99.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $95.4k during the year ending 12/2021. While expenses have increased by 27.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Romo President And Store Manager | 30 | $29,024 | |
Morgan Payne Secretary And Donation Manager | 30 | $15,423 | |
Dita Beard Treasurer | 5 | $3,125 | |
Emily Lessig Vice President | 1 | $0 | |
George Arbogust Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,189 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,301 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,838 |
| Professional fees and other payments to independent contractors | $3,050 |
| Occupancy, rent, utilities, and maintenance | $27,258 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,232 |
| Total expenses | $95,378 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,544 |
| Other assets | $0 |
| Total assets | $35,332 |
| Total liabilities | $26,101 |
| Net assets or fund balances | $9,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |