Ix Art Park Foundation is located in Charlottesville, VA. The organization was established in 2019. As of 12/2021, Ix Art Park Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ix Art Park Foundation 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, Ix Art Park Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $705.3k during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IX ART PARK FOUNDATION'S MISSION IS "SPARKING CREATIVITY AND INSPIRATION IN PEOPLE'S EVERYDAY LIVES." WE PROVIDE ACCESSIBLE ART AND CULTURE ON OUR GROUNDS AND IN OUR PROGRAMMING FOR RESIDENTS AND VISITORS, OLD AND YOUNG, RICH AND POOR, REGARDLESS OF RACE, ETHNICITY OR PERSUASION. WE AIM TO GATHER AND CELEBRATE OUR DIVERSE COMMUNITY. WE BELIEVE CULTURAL INTERACTION CREATES BEHAVIORAL AWARENESS. WITHIN AN INFRASTRUCTURE OF IMMERSIVE VISUAL ART, WE CREATE ARTS EDUCATION PLATFORMS AND PROGRAM MULTI- CULTURE, MULTI-GENERATIONAL PERFORMANCE EVENTS WITH LOCAL AND REGIONAL PARTNERS. THE IX ART PARK SITS IN THE MIDDLE OF THE CITY OF CHARLOTTESVILLE'S STRATEGIC INVESTMENT AREA ("SIA"), A NEIGHBORHOOD LOCATED IN AN OPPORTUNITY FUND ZONE THAT PRIMARILY CONSISTS OF PUBLIC HOUSING PROJECTS. THE ART PARK HELPS TO ACHIEVE THE SIA'S GOAL TO CREATE A SENSE OF PLACE AND IMPROVE THE QUALITY OF LIFE BY PROVIDING OPPORTUNITY TO EXPERIENCE ART, IN ALL ITS FORMS, THEREBY CREATING A HEALTHY NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY AND DIVERSITY - THE IX ART PARK WAS SPECIFICALLY FORMED TO BRING NEW ENERGY TO AN UNDERSERVED AND LARGELY MINORITY NEIGHBORHOOD. MULTI- CULTURAL AND MULTI-RACIAL PROGRAMMING HAS BECOME A KEYSTONE TO OUR IDENTITY, ALLOWING US TO PRODUCE MORE DIVERSE PROGRAMMING THAN ANY OTHER ARTS ORGANIZATION IN TOWN. FOR EXAMPLE, WE BOOK AN ARRAY OF BLACK TALENT IN R&B, GO GO, REGGAE, AND HIPHOP. WE HOST AN ANNUAL BLACK BUSINESS EXPO TO SHOWCASE MINORITY OWNED BUSINESSES, AND AN ANNUAL SOUL OF CVILLE FESTIVAL TO CELEBRATE BLACK EXCELLENCE IN THE ARTS. WE ALSO BOAST A STRONG LATIN AMERICAN FOLLOWING THROUGH OUR A) BI-WEEKLY SALSA AND BACHATA DANCE EVENTS, B)CVILLE SABROSSO, OUR ANNUAL FOLK FESTIVAL CELEBRATING FOOD, DANCE, AND MUSIC FROM A DOZEN OF LATIN AMERICAN COUNTRIES, AND C) DIA DE LOS MUERTOS, A TRIBUTE TO THE DAY OF THE DEAD ALLOWING PEOPLE TO PAY TRIBUTE TO THEIR PASSED LOVED ONES. WE PROGRAM EVENTS FOR THE LGBTQIA COMMUNITY, INCLUDING A) ACTIVITIES CELEBRATING PRIDE FEST, B) DRAG SHOWS, C) A QUARTERLY WOMEN'S ONLY DANCE, AND D) A TRANSGENDER COMEDY SHOW. WE HOST ZALTANDI, AN ANNUAL DANCE FESTIVAL THAT SHOWCASES DANCE STYLES FROM AROUND THE WORLD. MUSIC AND PERFORMANCES - THE IX ART PARK HOSTS OVER 200 EVENTS EACH YEAR SPANNING MANY GENRES OF MUSIC, DANCE, FILM, THEATER, CRAFTS AND VISUAL ARTS, AS WELL AS FAMILY FRIENDLY FESTIVALS, WELLNESS-ORIENTED EVENTS, AND EVENTS PROMOTING DIVERSITY AND INCLUSION. THE MAJORITY OF OUR EVENTS ARE EITHER FREE TO THE PUBLIC OR OFFERED AT AFFORDABLE PRICES (TYPICALLY 5 TO 15 PER TICKET). THIS ALLOWS PEOPLE FROM DIVERSE SOCIOECONOMIC BACKGROUNDS TO PARTICIPATE IN OUR ARTISTIC PROGRAMMING. BUSINESS, COMMERCE, AND THE ARTS ECONOMY - OUR MEASURED IMPACT ON THE LOCAL ECONOMY HAS BEEN DRAMATIC. IN 202, WE WELCOMED MORE THAN 340,000 PEOPLE TO THE IX ART PARK TO VIEW THE ART, ATTEND EVENTS OR SIMPLY RELAX IN OUR BEAUTIFUL PARK. IN RECENT YEARS, PUBLIC DESTINATION TENANTS HAVE ALSO FLOCKED TO THE PROPERTY, INCLUDING 4 RESTAURANTS/BREWERIES, A FITNESS STUDIO, A CO-WORKER SPACE, A COFFEESHOP, A MOM AND POP PET STORE, AND A 700 MEMBER NON-DENOMINATIONAL CHURCH. DURING THIS SAME TIME, REAL ESTATE TAXES FOR THE PROPERTY INCREASED OVER 500%. WE HAVE ALSO WON MANY AWARDS, INCLUDING "BEST PLACE TO BE CREATIVE", "BEST KIDS PARK, "INSPIRATIONAL CREATIVE SPACE, AND " BEST GALLERY". IN 2019, THE IX ART PARK BEGAN BUILDING THE LOOKING GLASS, VIRGINIA'S ONLY PERMANENT, IMMERSIVE, INTERACTIVE ART SPACE - A 3,000 SQ FT ENCHANTED FOREST BUILT BY 13 LOCAL, COMMISSIONED ARTISTS. THE LOOKING GLASS, WHICH OPENED IN JANUARY 2020, IS AIMED AT VIRGINIA'S VIBRANT TOURISM INDUSTRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Krischel President | OfficerTrustee | 40 | $24,040 |
Nathan Moore Secretary | OfficerTrustee | 1 | $0 |
Dwight Sparlin Treasurer | OfficerTrustee | 1 | $0 |
David Gies Member | Trustee | 1 | $0 |
Ravi Respeto Member | Trustee | 1 | $0 |
Anne Hunter Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $321,791 |
All other contributions, gifts, grants, and similar amounts not included above | $1,334,437 |
Noncash contributions included in lines 1a–1f | $1,250,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,656,228 |
Total Program Service Revenue | $395,677 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $2,051,905 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $259,824 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $22,736 |
Fees for services: Management | $10,208 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,465 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $21,800 |
Advertising and promotion | $46,093 |
Office expenses | $4,915 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $78,883 |
Travel | $258 |
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 | $10,298 |
Insurance | $6,593 |
All other expenses | $28,028 |
Total functional expenses | $705,270 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $228,437 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,252 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $17,874 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $66,689 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,261,445 |
Total assets | $1,584,697 |
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 | $53,278 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $200,498 |
Total liabilities | $253,776 |
Net assets without donor restrictions | $1,330,921 |
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 | $1,584,697 |
Over the last fiscal year, we have identified 4 grants that Ix Art Park Foundation has recieved totaling $17,000.
Awarding Organization | Amount |
---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: GENERAL PURPOSES | $8,000 |
Caplin Foundation Wilmington, DE PURPOSE: 4XMETAMORPHIX AND UNRESTRICTED OPERATIONS | $5,000 |
Westwind Foundation Charlottesville, VA PURPOSE: TO FUND OPERATING NEEDS | $3,000 |
The Emily Hall Tremaine Foundation Inc New Haven, CT PURPOSE: COMMUNITY PROJECTS - GENERAL OPERATING | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |