Civic Intelligence

Visual Arts Exchange

990 • Fiscal year 2011 • EIN 56-1287429

Jul 01, 2010 to Jun 30, 2011 • Filed on Nov 23, 2011

309 W Martin Street27601
Siviq Scores

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

Liabilities / Assets

75th percentile

0.11x

Higher debt load relative to assets than 75% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$178,430

No earlier filing loaded for comparison.

Net Assets

$159,231

No earlier filing loaded for comparison.

Liabilities

$19,199

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$336,206

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $178,430Liabilities 2011: $19,199Net Assets 2011: $159,2312011Assets 2012: $152,350Liabilities 2012: $18,352Net Assets 2012: $133,9982012Assets 2013: $132,068Liabilities 2013: $12,831Net Assets 2013: $119,2372013Assets 2014: $166,320Liabilities 2014: $42,201Net Assets 2014: $124,1192014Assets 2015: $160,782Liabilities 2015: $30,278Net Assets 2015: $130,5042015Assets 2016: $154,477Liabilities 2016: $38,704Net Assets 2016: $115,7732016Assets 2017: $149,270Liabilities 2017: $22,756Net Assets 2017: $126,5142017Assets 2018: $137,803Liabilities 2018: $13,293Net Assets 2018: $124,5102018Assets 2019: $140,626Liabilities 2019: $15,933Net Assets 2019: $124,6932019Assets 2020: $218,462Liabilities 2020: $51,151Net Assets 2020: $167,3112020Assets 2021: $382,055Liabilities 2021: $25,215Net Assets 2021: $356,8402021Assets 2022: $240,777Liabilities 2022: $29,101Net Assets 2022: $211,6762022Assets 2023: $627,734Liabilities 2023: $316,868Net Assets 2023: $310,8662023Assets 2024: $354,616Liabilities 2024: $262,450Net Assets 2024: $92,1662024

Highlighted filing

2011

Assets$178,430
Liabilities$19,199
Net Assets$159,231

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $336,2062011Expenses 2012: $342,1312012Expenses 2013: $334,4012013Revenue 2014: $344,075Expenses 2014: $338,675Net Income 2014: $5,4002014Revenue 2015: $365,825Expenses 2015: $359,439Net Income 2015: $6,3862015Revenue 2016: $379,334Expenses 2016: $394,065Net Income 2016: -$14,7312016Revenue 2017: $420,577Expenses 2017: $409,836Net Income 2017: $10,7412017Revenue 2018: $492,115Expenses 2018: $494,119Net Income 2018: -$2,0042018Revenue 2019: $537,391Expenses 2019: $537,208Net Income 2019: $1832019Revenue 2020: $619,496Expenses 2020: $577,301Net Income 2020: $42,1952020Revenue 2021: $639,000Expenses 2021: $449,471Net Income 2021: $189,5292021Revenue 2022: $303,641Expenses 2022: $448,805Net Income 2022: -$145,1642022Revenue 2023: $490,255Expenses 2023: $395,441Net Income 2023: $94,8142023Revenue 2024: $243,877Expenses 2024: $462,577Net Income 2024: -$218,7002024

Highlighted filing

2011

Revenue-
Expenses$336,206
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Nov 23, 2011
Return Version
2010v3.4
Gross Receipts
$386,366
Mission and Program Overview

Mission

Vae produces, funds, and exhibits socially-engaged art through community collaboration.

Major Activities

Activity 2
Exhibits: vae produces 60 exhibitions each year, displaying the work of more than 800 artists annually. Vae's city market main gallery hosts 12 juried and non-juried exhibitions each year with monthly exhibit themes selected by an exhibition committee comprised of staff and artists. Vae also features 60 emerging artists annually in its exchange gallery exhibitions and an additional five artists in its retail incubator. Vae produces approximately 30 community exchange exhibitions which showcase local artists at community venues across the triangle.
Activity 3
Education & outreach: visual art exhanges's art in residency program is an intensive program with at-risk students from raleigh's mary phillips and longview high schools and washington gt elementary school. The students work with artists in residence to create public art projects. The art exchange project allows troubled students the opportunity to connect with their community and create a lasting, positive impression. The program's goal is to create a permanent installation of the students' work and, through the process of creating these murals, teach students about the careful planning, fabrication, and installation necessary to produce public art. Vae also regularly offers educational workshops, lectures, technique instruction, demonstrations and critiqes for both members and nonmembers as part of its commitment to futher artists' skills and provide general business knowledge. The keystone program is the bi-annual the business of being an artist series. Topics for this series include: how to approach a gallery; how to apply for artist's grants and residencies; how to effectively photograph artwork; pricing and framing for a gallery exhibition; how to make an artist web-site; how to write a professional artist's statement and resume; how to ship artwork; and creative marketing solutions for creative people. In addition vae hosts a monthly artists' night, which includes critiques with professional critics and art professionals and hands-on demonstrations. Other opportunities include the painter's forum and the plein aire painting group.
Filing and Contact Details

Filer

EIN
56-1287429
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IRS990/Activity2/Description0EXHIBITS: VAE PRODUCES 60 EXHIBITIONS EACH YEAR, DISPLAYING THE WORK OF MORE THAN 800 ARTISTS ANNUALLY. VAE'S CITY MARKET MAIN GALLERY HOSTS 12 JURIED AND NON-JURIED EXHIBITIONS EACH YEAR WITH MONTHLY EXHIBIT THEMES SELECTED BY AN EXHIBITION COMMITTEE COMPRISED OF STAFF AND ARTISTS. VAE ALSO FEATURES 60 EMERGING ARTISTS ANNUALLY IN ITS EXCHANGE GALLERY EXHIBITIONS AND AN ADDITIONAL FIVE ARTISTS IN ITS RETAIL INCUBATOR. VAE PRODUCES APPROXIMATELY 30 COMMUNITY EXCHANGE EXHIBITIONS WHICH SHOWCASE LOCAL ARTISTS AT COMMUNITY VENUES ACROSS THE TRIANGLE.
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IRS990/Activity3/Description0EDUCATION & OUTREACH: VISUAL ART EXHANGES'S ART IN RESIDENCY PROGRAM IS AN INTENSIVE PROGRAM WITH AT-RISK STUDENTS FROM RALEIGH'S MARY PHILLIPS AND LONGVIEW HIGH SCHOOLS AND WASHINGTON GT ELEMENTARY SCHOOL. THE STUDENTS WORK WITH ARTISTS IN RESIDENCE TO CREATE PUBLIC ART PROJECTS. THE ART EXCHANGE PROJECT ALLOWS TROUBLED STUDENTS THE OPPORTUNITY TO CONNECT WITH THEIR COMMUNITY AND CREATE A LASTING, POSITIVE IMPRESSION. THE PROGRAM'S GOAL IS TO CREATE A PERMANENT INSTALLATION OF THE STUDENTS' WORK AND, THROUGH THE PROCESS OF CREATING THESE MURALS, TEACH STUDENTS ABOUT THE CAREFUL PLANNING, FABRICATION, AND INSTALLATION NECESSARY TO PRODUCE PUBLIC ART. VAE ALSO REGULARLY OFFERS EDUCATIONAL WORKSHOPS, LECTURES, TECHNIQUE INSTRUCTION, DEMONSTRATIONS AND CRITIQES FOR BOTH MEMBERS AND NONMEMBERS AS PART OF ITS COMMITMENT TO FUTHER ARTISTS' SKILLS AND PROVIDE GENERAL BUSINESS KNOWLEDGE. THE KEYSTONE PROGRAM IS THE BI-ANNUAL THE BUSINESS OF BEING AN ARTIST SERIES. TOPICS FOR THIS SERIES INCLUDE: HOW TO APPROACH A GALLERY; HOW TO APPLY FOR ARTIST'S GRANTS AND RESIDENCIES; HOW TO EFFECTIVELY PHOTOGRAPH ARTWORK; PRICING AND FRAMING FOR A GALLERY EXHIBITION; HOW TO MAKE AN ARTIST WEB-SITE; HOW TO WRITE A PROFESSIONAL ARTIST'S STATEMENT AND RESUME; HOW TO SHIP ARTWORK; AND CREATIVE MARKETING SOLUTIONS FOR CREATIVE PEOPLE. IN ADDITION VAE HOSTS A MONTHLY ARTISTS' NIGHT, WHICH INCLUDES CRITIQUES WITH PROFESSIONAL CRITICS AND ART PROFESSIONALS AND HANDS-ON DEMONSTRATIONS. OTHER OPPORTUNITIES INCLUDE THE PAINTER'S FORUM AND THE PLEIN AIRE PAINTING GROUP.
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IRS990/NetAssetsOrFundBalancesEOY0159231
IRS990/NetIncomeFromFundraisingEvents/ExclusionAmount037876
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn037876
IRS990/NoncashContributions029463
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith1096021
IRS990/NumberIndependentVotingMembers021
IRS990/NumberOfEmployees07
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Fundraising0667
IRS990/Occupancy/ManagementAndGeneral01000
IRS990/Occupancy/ProgramServices031662
IRS990/Occupancy/Total033329
IRS990/OfficeExpenses/Fundraising04100
IRS990/OfficeExpenses/ManagementAndGeneral0404
IRS990/OfficeExpenses/ProgramServices013141
IRS990/OfficeExpenses/Total017645
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IRS990/OfficerMailingAddress0false
IRS990/Organization501c30X
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IRS990/OtherExpensesCurrentYear0183865
IRS990/OtherExpenses/Description0COMMUNITY EVENTS EXP
IRS990/OtherExpenses/Description1EQUIPMENT RENTAL
IRS990/OtherExpenses/Description2ARTISTS' COMMISSIONS
IRS990/OtherExpenses/Description3MERCHANT FEES
IRS990/OtherExpenses/Description4EDUCATION & OUTREACH EXP
IRS990/OtherExpenses/Fundraising01023
IRS990/OtherExpenses/Fundraising12605
IRS990/OtherExpenses/ManagementAndGeneral0202
IRS990/OtherExpenses/ProgramServices039529
IRS990/OtherExpenses/ProgramServices19249
IRS990/OtherExpenses/ProgramServices26924
IRS990/OtherExpenses/ProgramServices32927
IRS990/OtherExpenses/ProgramServices44685
IRS990/OtherExpenses/Total039529
IRS990/OtherExpenses/Total110272
IRS990/OtherExpenses/Total26924
IRS990/OtherExpenses/Total35734
IRS990/OtherExpenses/Total44685
IRS990/OtherLiabilities/BOY012584
IRS990/OtherLiabilities/EOY014364
IRS990/OtherRevenueCurrentYear037876
IRS990/OtherRevenuePriorYear0-15820
IRS990/OtherSalariesAndWages/Fundraising05705
IRS990/OtherSalariesAndWages/ManagementAndGeneral012317
IRS990/OtherSalariesAndWages/ProgramServices0112686
IRS990/OtherSalariesAndWages/Total0130708
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/Fundraising0473
IRS990/PayrollTaxes/ManagementAndGeneral0994
IRS990/PayrollTaxes/ProgramServices09363
IRS990/PayrollTaxes/Total010830
IRS990/PledgesAndGrantsReceivable/EOY01685
IRS990/PoliticalActivities0false
IRS990/PremiumsPaid0false
IRS990/PrepaidExpensesDeferredCharges/BOY02220
IRS990/PrepaidExpensesDeferredCharges/EOY07140
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenueCY039089
IRS990/ProgramServiceRevenue/Description0EXHIBIT ENTRY FEES
IRS990/ProgramServiceRevenue/Description1CONSIGNMENT SALES
IRS990/ProgramServiceRevenue/Description2REGISTRATION FEES
IRS990/ProgramServiceRevenue/Description3VENDOR FEES
IRS990/ProgramServiceRevenue/Description4GALLERY USE FEES
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IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome017195
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome19532
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome29357
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome32930
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome475
IRS990/ProgramServiceRevenue/TotalRevenueColumn017195
IRS990/ProgramServiceRevenue/TotalRevenueColumn19532
IRS990/ProgramServiceRevenue/TotalRevenueColumn29357
IRS990/ProgramServiceRevenue/TotalRevenueColumn32930
IRS990/ProgramServiceRevenue/TotalRevenueColumn475
IRS990/ProhibitedTaxShelterTrans0false
IRS990/QuidProQuoContributions0true
IRS990/QuidProQuoDisclosure0true
IRS990/ReconcilationRevenueExpenses018196
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
IRS990/ReportFin48Footnote0false
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0false
IRS990/Revenue09344
IRS990/RevenuesLessExpensesCY018196
IRS990/RevenuesLessExpensesPriorYear020060

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.55$2.62$0.92$2.44$4.63$2.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.28$3.17$3.11$4.90$3.95$0.95
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.29$2.12$3.04$4.49$1.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$0.25$3.57$6.39$4.49$1.90
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.51$1.67$6.19$5.77$0.42
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.16$1.25$5.37$5.37$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.13$1.25$4.92$4.94$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.23$1.27$4.21$4.10$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.39$1.16$3.79$3.94$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.30$1.31$3.66$3.59$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.66$0.42$1.24$3.44$3.39$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.13$1.19$3.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.18$1.34$3.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.19$1.59$3.36
Peer Organizations

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