Civic Intelligence

Visual Arts Foundation Inc.

990 • Fiscal year 2014 • EIN 13-6261474

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 04, 2015

220 East 23rd Street No 609New York, NY 10010

(212) 592-2227

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.05x

Higher debt load relative to assets than 50% of similar nonprofits.

2014 filings • NTEE A • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.36x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • NTEE A • $1M-$5M nonprofits • Source year 2014

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

2014 filings • NTEE A • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE A • $1M-$5M nonprofits • Source year 2014

Asset Growth

64th percentile

7.0%

Faster asset growth than 64% of similar nonprofits.

2014 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2012 to 2014

Revenue Growth

69th percentile

19%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2012 to 2014

Assets

Up

$2,631,736

Up $334,962 (+15%) from 2012

Net Assets

Up

$2,495,430

Up $271,367 (+12%) from 2012

Liabilities

Up

$136,306

Up $63,595 (+87%) from 2012

Revenue

Up

$378,823

Up $112,948 (+42%) from 2012

Expenses

Down

$171,049

Down $34,919 (-17%) from 2012

Net Income

Up

$207,774

Up $147,867 (+247%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,205,632Liabilities 2010: $149,138Net Assets 2010: $2,056,4942010Assets 2011: $2,063,296Liabilities 2011: $98,666Net Assets 2011: $1,964,6302011Assets 2012: $2,296,774Liabilities 2012: $72,711Net Assets 2012: $2,224,0632012Assets 2014: $2,631,736Liabilities 2014: $136,306Net Assets 2014: $2,495,4302014Assets 2015: $2,879,193Liabilities 2015: $54,368Net Assets 2015: $2,824,8252015Assets 2016: $2,904,091Liabilities 2016: $52,302Net Assets 2016: $2,851,7892016Assets 2017: $3,032,225Liabilities 2017: $44,376Net Assets 2017: $2,987,8492017Assets 2018: $2,935,216Liabilities 2018: $44,376Net Assets 2018: $2,890,8402018Assets 2019: $3,570,734Liabilities 2019: $2,500Net Assets 2019: $3,568,2342019Assets 2020: $4,156,294Liabilities 2020: $2,000Net Assets 2020: $4,154,2942020Assets 2021: $5,109,948Liabilities 2021: $3,550Net Assets 2021: $5,106,3982021Assets 2022: $4,236,571Liabilities 2022: $21,500Net Assets 2022: $4,215,0712022Assets 2024: $4,989,600Liabilities 2024: $975Net Assets 2024: $4,988,6252024

Highlighted filing

2014

Assets$2,631,736
Liabilities$136,306
Net Assets$2,495,430

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $308,598Expenses 2010: $221,193Net Income 2010: $87,4052010Expenses 2011: $275,3572011Revenue 2012: $265,875Expenses 2012: $205,968Net Income 2012: $59,9072012Revenue 2014: $378,823Expenses 2014: $171,049Net Income 2014: $207,7742014Revenue 2015: $523,038Expenses 2015: $193,001Net Income 2015: $330,0372015Revenue 2016: $269,314Expenses 2016: $201,326Net Income 2016: $67,9882016Revenue 2017: $290,914Expenses 2017: $204,281Net Income 2017: $86,6332017Revenue 2018: $224,375Expenses 2018: $266,864Net Income 2018: -$42,4892018Revenue 2019: $779,511Expenses 2019: $233,735Net Income 2019: $545,7762019Revenue 2020: $656,350Expenses 2020: $249,723Net Income 2020: $406,6272020Revenue 2021: $1,203,121Expenses 2021: $310,028Net Income 2021: $893,0932021Revenue 2022: $569,531Expenses 2022: $312,223Net Income 2022: $257,3082022Revenue 2024: $609,852Expenses 2024: $343,697Net Income 2024: $266,1552024

Highlighted filing

2014

Revenue$378,823
Expenses$171,049
Net Income$207,774
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 4, 2015
Return Version
2014v5.0
Gross Receipts
$598,223
Mission and Program Overview

Mission

The mission of the visual arts foundation is to advance the arts as both individual vocation and social force. The foundation supports emerging artists and broadens audiences for their work, fosters a climate that values and seeks understanding of the arts, and increases visual literacy and appreciation for "the artist's life".

A not-for-profit organization that provides scholarships for deserving students studying art

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,441,509$1,512,438▲ $70,929
Savings and Temporary Cash Investments$722,611$930,259▲ $207,648
Cash and Non-Interest-Bearing Accounts$118,559$133,705▲ $15,146
Pledges and Grants Receivable$6,000$1,000▼ $5,000
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,343,013$2,631,736▲ $288,723
Other Assets Total$54,334$54,334→ $0
Liabilities
Accounts Payable and Accrued Expenses$82,893$136,306▲ $53,413
Total Liabilities$82,893$136,306▲ $53,413
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,193,923$1,449,139▲ $255,216
Permanently Rstr Net Assets$1,211,225$1,213,225▲ $2,000
Unrestricted Net Assets$-145,028$-166,934▼ $21,906
Total Net Assets Fund Balance$2,260,120$2,495,430▲ $235,310
Total Liabilities and Net Assets / Fund Balance$2,343,013$2,631,736▲ $288,723

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$61,009$61,009

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,613,650$2,000▲ $122,532$3,150$1,675,844
2013$1,578,423$3,000▲ $36,551-$1,613,650
2012$1,370,717$250▲ $259,182-$1,578,423
2011$1,454,704-▼ $51,953-$1,370,717
2010$1,418,147$5,300▲ $115,558-$1,454,704
Compensation and Service Providers

Board Members and Trustees

NameTitle
David RhodesPresident
Dee ItoDirector
Patti GreaneyDirector
Paul DavisDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$263,195
Program Service Revenue
$0
Investment Income
$115,628
Other Revenue
$0
All Other Contributions
$263,195
Change in Net Assets
$207,774

Audited Revenue Reconciliation

Revenue per Audited Statements
$378,823
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$27,536
Total Revenue per Audited Statements
$406,359
Total Revenue per Form 990
$378,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$128,513
Other Expenses$42,536
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$128,513--$128,513
Fees for Services Accounting-$40,150-$40,150
Insurance-$1,974-$1,974
Other Expenses-$412-$412
Total Functional Expenses$128,513$42,536$0$171,049

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$171,049
Total Expenses per Audited Statements$171,049
Total Expenses per Form 990$171,049
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization has no committees with the authority to act on behalf of the board of directors.

Form 990, Part VI, Section B, Line 11

Each member of the governing body receives a copy of the 990 and reviews it before it is filed with the irs.

Form 990, Part VI, Section C, Line 19

Financial statements and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Visual Arts Foundation Inc
EIN
13-6261474
Phone
2125922227
Address
220 EAST 23RD STREET NO 609, NEW YORK, NY 10010

Signing Officer

Name
David Rhodes
Title
President
Phone
2125922227
Signed
2015-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Rhodes
Formed
1968
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Rsm US Llp
Address
1185 AVENUE OF THE AMERICAS, NEW YORK, NY 10036-2602
Preparer
Martin Greif
Phone
2123721000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The organization's endowment funds are to be used primarily for scholarships.

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a). Management has evaluated the tax positions of the foundation and concluded that the foundation has taken no uncertain tax positions that require adjustment or disclosure to the accompanying financial statements.

Raw XML Appendix377 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt082893
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0136306
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0A NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES SCHOLARSHIPS FOR DESERVING STUDENTS STUDYING ART
IRS990/AllOtherContributionsAmt0263195
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAVID RHODES
IRS990/BooksInCareOfDetail/PhoneNum02125922227
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0220 EAST 23RD STREET NO 609
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010010
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0118559
IRS990/CashNonInterestBearingGrp/EOYAmt0133705
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd01
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0263195
IRS990/CYGrantsAndSimilarPaidAmt0128513
IRS990/CYInvestmentIncomeAmt0115628
IRS990/CYOtherExpensesAmt042536
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0207774
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0171049
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0378823
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SCHOLARSHIPS, GRANTS, AWARDS FOR DESERVING STUDENTS PURSUING COURSES IN THE FIELD OF ART.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0128513
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt040150
IRS990/FeesForServicesAccountingGrp/TotalAmt040150
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm1DEE ITO
IRS990/Form990PartVIISectionAGrp/PersonNm2PAUL DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm3PATTI GREANEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt030600
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0128513
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0128513
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0128513
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0250000
IRS990/GrossReceiptsAmt0598223
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01974
IRS990/InsuranceGrp/TotalAmt01974
IRS990/InvestmentIncomeGrp/ExclusionAmt085028
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt085028
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01441509
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01512438
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt061009
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt061009
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0219400
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE VISUAL ARTS FOUNDATION IS TO ADVANCE THE ARTS AS BOTH INDIVIDUAL VOCATION AND SOCIAL FORCE. THE FOUNDATION SUPPORTS EMERGING ARTISTS AND BROADENS AUDIENCES FOR THEIR WORK, FOSTERS A CLIMATE THAT VALUES AND SEEKS UNDERSTANDING OF THE ARTS, AND INCREASES VISUAL LITERACY AND APPRECIATION FOR "THE ARTIST'S LIFE."
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02260120
IRS990/NetAssetsOrFundBalancesEOYAmt02495430
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt030600
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt030600
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt027536
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt054334
IRS990/OtherAssetsTotalGrp/EOYAmt054334
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0412
IRS990/OtherExpensesGrp/TotalAmt0412
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01211225
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01213225
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID RHODES
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0219105
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0205486
IRS990/PYInvestmentIncomeAmt077177
IRS990/PYOtherExpensesAmt048664
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt042132
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0254150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0296282
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0207774
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0722611
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0930259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0263195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0219105
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0191819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0228159
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0204852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01107130
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt085028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt077177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt074056
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073834
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0124115
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0434210
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54550
IRS990ScheduleA/PublicSupportPY170Pct00.53360
IRS990ScheduleA/PublicSupportTotal170Amt0840864
IRS990ScheduleA/SubstantialContributorsTotAmt0266266
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0263195
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0219105
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0191819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0228159
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0204852
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01107130
IRS990ScheduleA/TotalSupportAmt01541340
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt050000
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01613650
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01675844
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt059188
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0122532
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt03150
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01578423
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01613650
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt04324
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036551
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01370717
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01578423
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt051726
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0259182
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01454704
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01370717
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-32034
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-51953
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01418147
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01454704
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-79001
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0115558
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061009
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061009
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0171049
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt027536
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.72400
IRS990ScheduleD/RevenueNotReportedAmt027536
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0378823
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED PRIMARILY FOR SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE FOUNDATION AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE TO THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.27600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0171049
IRS990ScheduleD/TotalRevenuePerForm990Amt0378823
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0406359
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0171049
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0128513
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS PAID TO INDIVIDUALS WITHIN THE U.S.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt050
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE AWARDED TO STUDENTS WHO DEMONSTRATE NEED AS DEFINED BY FAFSA AND MERIT AS DETERMINED BY THE DEPARTMENT CHAIR FOR WHOSE DEPARTMENT THE FUNDS ARE RESTRICTED. THESE RECOMMENDATIONS ARE THEN REVIEWED BY THE PRESIDENT OF THE FOUNDATION TO ENSURE THAT THE STUDENTS RECOMMENDED HAVE BOTH NEED AND MERIT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE GOVERNING BODY RECEIVES A COPY OF THE 990 AND REVIEWS IT BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01193923
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01449139
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02343013
IRS990/TotalAssetsEOYAmt02631736
IRS990/TotalAssetsGrp/BOYAmt02343013
IRS990/TotalAssetsGrp/EOYAmt02631736
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0263195
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042536
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128513
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171049
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt082893
IRS990/TotalLiabilitiesEOYAmt0136306
IRS990/TotalLiabilitiesGrp/BOYAmt082893
IRS990/TotalLiabilitiesGrp/EOYAmt0136306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02260120
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02495430
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0128513
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0115628
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0378823
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02343013
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02631736
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-145028
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-166934
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0220 EAST 23RD STREET NO 609
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010010
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.VISUALARTSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID RHODES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125922227
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VISUAL ARTS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0VISU
ReturnHeader/Filer/EIN0136261474
ReturnHeader/Filer/PhoneNum02125922227
ReturnHeader/Filer/USAddress/AddressLine1Txt0220 EAST 23RD STREET NO 609
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010010
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01185 AVENUE OF THE AMERICAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100362602
ReturnHeader/PreparerPersonGrp/PhoneNum02123721000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARTIN GREIF
ReturnHeader/ReturnTs02015-11-04T13:13:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$0.00$4.99$0.61$0.34$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.02$4.22$0.57$0.31$0.26
2021Summary only. Only limited summary data is available for this year.$5.11$0.00$5.11$1.20$0.31$0.89
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.00$4.15$0.66$0.25$0.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.00$3.57$0.78$0.23$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.04$2.89$0.22$0.27$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.04$2.99$0.29$0.20$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.05$2.85$0.27$0.20$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$0.05$2.82$0.52$0.19$0.33
2014Detailed filing. Detailed filing data is available for this year.$2.63$0.14$2.50$0.38$0.17$0.21
2012Summary only. Only limited summary data is available for this year.$2.30$0.07$2.22$0.27$0.21$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.10$1.96$0.28
2010Summary only. Only limited summary data is available for this year.$2.21$0.15$2.06$0.31$0.22$0.09