Civic Intelligence

Visual Arts Exchange

990 • Fiscal year 2018 • EIN 56-1287429

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 22, 2018

Organization ProfileWWW.VAERALEIGH.ORG
309 W Martin StreetRaleigh, NC 27601

(919) 828-7834

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.10x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

48th percentile

0.03x

Higher debt load relative to revenue than 48% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

38th percentile

-0.4%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

21st percentile

-7.7%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$137,803

Down $11,467 (-7.7%) from 2017

Net Assets

Down

$124,510

Down $2,004 (-1.6%) from 2017

Liabilities

Down

$13,293

Down $9,463 (-42%) from 2017

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin38th percentile

Revenue

Up

$492,115

Up $71,538 (+17%) from 2017

Expenses

Up

$494,119

Up $84,283 (+21%) from 2017

Net Income

Down

-$2,004

Down $12,745 (-119%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

2018

Assets$137,803
Liabilities$13,293
Net Assets$124,510
Open 2018 Filing

Operations Trend

Revenue Growth70th percentile

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

2018

Revenue$492,115
Expenses$494,119
Net Income-$2,004
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 22, 2018
Return Version
2017v2.3
Gross Receipts
$549,801
Mission and Program Overview

Mission

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

Provide support, exhibition opportunities, and educational resources to artists in raleigh, nc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$73,485$45,038▼ $28,447
Cash and Non-Interest-Bearing Accounts$38,325$38,097▼ $228
Pledges and Grants Receivable$8,120$20,384▲ $12,264
Land, Buildings, and Equipment, Net$18,868$16,325▼ $2,543
Accounts Receivable$3,843$11,206▲ $7,363
Prepaid Expenses and Deferred Charges$2,379$2,503▲ $124
Total Assets$149,270$137,803▼ $11,467
Other Assets Total$4,250$4,250→ $0
Liabilities
Accounts Payable and Accrued Expenses$14,673$8,908▼ $5,765
Deferred Revenue$8,083$4,385▼ $3,698
Total Liabilities$22,756$13,293▼ $9,463
Net Assets / Fund Balance
Unrestricted Net Assets$99,231$63,239▼ $35,992
Temporarily Rstr Net Assets$27,283$61,271▲ $33,988
Total Net Assets Fund Balance$126,514$124,510▼ $2,004
Total Liabilities and Net Assets / Fund Balance$149,270$137,803▼ $11,467

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$14,396$14,435$28,831
Equipment$1,929$18,644$20,573
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Brandon CordreyExecutive DirectorFT$49,223$49,223

Board Members and Trustees

NameTitle
Kevin CogginsChair
Mary-sara CamerinoDevelopment Chair
Bill KingVice-chair
Alexandra McarthurDirector
Ben SteelDirector
Cecilia ZuvicDirector
Clarenda Stanley-andersonDirector
Debbie RobbinsDirector
Ilina EwenDirector
Kelly SpauldingDirector
Kilara LeDirector
Kim DuffleyDirector
Melissa MattonDirector
Michael ThelenDirector
Sally PlylerDirector
Sarah CowanDirector
Toby ColemanDirector
Erica PorterSecretary
Rachel JordanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$456,190
Program Service Revenue
$73,204
Investment Income
$52
Other Revenue
$-37,331
All Other Contributions
$194,899
Change in Net Assets
$-2,004

Audited Revenue Reconciliation

Revenue per Audited Statements
$492,115
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$71,162
Total Revenue per Audited Statements
$563,277
Total Revenue per Form 990
$492,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,227
Salaries, Compensation, and Employee Benefits$194,242
Total Fundraising Expense$20,687
Grants and Similar Amounts Paid$9,650
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$104,653$15,496$8,920$129,069
Occupancy$80,501$1,436$718$82,655
Fees for Services Other$78,411$33$22$78,466
Current Officers, Directors, Trustees, and Key Employees$37,207$5,750$8,305$51,262
Information Technology$14,556$80$54$14,690
Payroll Taxes$10,941$1,640$1,330$13,911
Fees for Services Accounting$9,549$637$424$10,610
Travel$9,567$141$94$9,802
Grants to Domestic Individuals$9,650--$9,650
Insurance$6,587$2,049$205$8,841
Other Expenses$4,610$75$50$4,735
Depreciation Depletion$3,054$203$136$3,393
Office Expenses$2,553$139$92$2,784
Advertising$670--$670
Total Functional Expenses$445,248$28,184$20,687$494,119

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$565,281
Expenses per Audited Statements$494,119
Total Expenses per Form 990$494,119
Expenses Not Reported on Form 990$71,162
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$57,686
Fundraising Gross Income$15,530
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Love of Art Auction$155,725$14,135$20,740$-6,605
Vae Prom$10,941$1,395$1,197$198
Total Events$166,666$15,530$57,686$-42,156
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
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Prior to filing, form 990 will only be reviewed by the board of director's executive committee, the executive director, and director of operations.”

Form 990, Part VI, Section B, Line 12C

“The executive director and board of directors review the policy annually. All directors sign a statement acknowledging the policy each year. All new directors review and sign the acknowledgement in the month they join the board.”

Form 990, Part VI, Section B, Line 15

“The executive committee conducts the review of the executive director. They review overall job performance, performance of the organization, and the upcoming year's budget in determining compensation.”

Form 990, Part VI, Section C, Line 18

“The organiztion's form 990 is available on its website. The organization's form 1023 is available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“The organization's audited financial statements are available on its website. The organization's governing documents and conflict of interest policy are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Visual Art Exchange
EIN
56-1287429
Phone
9198287834
Address
309 W MARTIN STREET, RALEIGH, NC 27601

Signing Officer

Name
Brandon Cordrey
Title
Executive Director
Phone
9198287834
Signed
2018-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Cordrey
Formed
1980
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
19
Employees
6
Volunteers
450

Preparer

Firm
Steward Ingram & Cooper Pllc
Address
PO BOX 41168, RALEIGH, NC 27629
Preparer
David F Ingram CPA
Phone
9198720866
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Intern contract labor: program service expenses 1,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,900. Contracted artists: program service expenses 44,303. Management and general expenses 6. Fundraising expenses 4. Total expenses 44,313. Other contracted services: program service expenses 32,208. Management and general expenses 27. Fundraising expenses 18. Total expenses 32,253.”

FORM 990, PART XII, LINE 2C:

“The executive director and director of operations oversee the audit process. The board's executive committee is responsible for selecting the organization's auditor and for reviewing and approving the audited financial statements.”

Financial Statement Notes

PART X, LINE 2:

“In the normal course of business, the organization is subject to examination by various taxing authorities. Althrough the outcome of tax audits is always uncertain, management belives that there are no significant unrecognized tax liabilities at june 30, 2018.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events-direct expenses 57,687.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events-direct expenses 57,687.”

Raw XML AppendixShowing 400 of 591 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.

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IRS990/ActivityOrMissionDesc0PROVIDE SUPPORT, EXHIBITION OPPORTUNITIES, AND EDUCATIONAL RESOURCES TO ARTISTS IN RALEIGH, NC.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DEVELOPMENT CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0151136
IRS990/FundraisingDirectExpensesAmt057686
IRS990/FundraisingGrossIncomeAmt015530
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt0110155
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt09650
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt09650
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0549801
IRS990/GrossRentsGrp/RealAmt04825
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt054
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt080
IRS990/InformationTechnologyGrp/ProgramServicesAmt014556
IRS990/InformationTechnologyGrp/TotalAmt014690
IRS990/InsuranceGrp/FundraisingAmt0205
IRS990/InsuranceGrp/ManagementAndGeneralAmt02049
IRS990/InsuranceGrp/ProgramServicesAmt06587
IRS990/InsuranceGrp/TotalAmt08841
IRS990/InvestmentIncomeGrp/ExclusionAmt052
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033079
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018868
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016325
IRS990/LandBldgEquipCostOrOtherBssAmt049404
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VAE IS A HUB FOR A DIVERSE NETWORK OF ARTISTS, A VENUE FOR ARTISTS TO ADVANCE THEIR CAREERS, AND A VOICE TO INFLUENCE POSITIVE CHANGE FOR THE CREATIVE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0126514
IRS990/NetAssetsOrFundBalancesEOYAmt0124510
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-42156
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-42156
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt04825
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04825
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt010899
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0718
IRS990/OccupancyGrp/ManagementAndGeneralAmt01436
IRS990/OccupancyGrp/ProgramServicesAmt080501
IRS990/OccupancyGrp/TotalAmt082655
IRS990/OfficeExpensesGrp/FundraisingAmt092
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0139
IRS990/OfficeExpensesGrp/ProgramServicesAmt02553
IRS990/OfficeExpensesGrp/TotalAmt02784
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04250
IRS990/OtherAssetsTotalGrp/EOYAmt04250
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2PRINTING & POSTAGE
IRS990/OtherExpensesGrp/Desc3BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/FundraisingAmt0144
IRS990/OtherExpensesGrp/FundraisingAmt1154
IRS990/OtherExpensesGrp/FundraisingAmt239
IRS990/OtherExpensesGrp/FundraisingAmt350
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0216
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1230
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt259
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt375
IRS990/OtherExpensesGrp/ProgramServicesAmt056195
IRS990/OtherExpensesGrp/ProgramServicesAmt18420
IRS990/OtherExpensesGrp/ProgramServicesAmt28124
IRS990/OtherExpensesGrp/ProgramServicesAmt34610
IRS990/OtherExpensesGrp/TotalAmt056555
IRS990/OtherExpensesGrp/TotalAmt18804
IRS990/OtherExpensesGrp/TotalAmt28222
IRS990/OtherExpensesGrp/TotalAmt34735
IRS990/OtherInd0X
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08920
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015496
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0104653
IRS990/OtherSalariesAndWagesGrp/TotalAmt0129069
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01330
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01640
IRS990/PayrollTaxesGrp/ProgramServicesAmt010941
IRS990/PayrollTaxesGrp/TotalAmt013911
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08120
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020384
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02379
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02503
IRS990/PrincipalOfficerNm0BRANDON CORDREY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3711300
IRS990/ProgramServiceRevenueGrp/Desc0EVENT FEES & REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY EXHIBIT VENUE FEES
IRS990/ProgramServiceRevenueGrp/Desc2FISCAL SPONSORSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc3COMMISSIONS FROM GALLERY SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043404
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210092
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043404
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35808
IRS990/ProgSrvcAccomActy2Grp/Desc0EXHIBITIONSVAE MOUNTS OVER 70 EXHIBITIONS EACH YEAR, DISPLAYING THE WORK OF MORE THAN 1,600 CONTEMPORARY ARTISTS. THE ORGANIZATION HOSTS APPROXIMATELY 8 MAIN GALLERY EXHIBITIONS FOCUSED ON HIGHLIGHTING THE CREATIVE CONTRIBUTIONS OF PEOPLE WHO ARE OFTEN MARGINALIZED FROM THE CONTEMPORARY ART WORLD. THE ORGANIZATION HOSTS 6 ANNUAL EXHIBITS IN THE LAB AND CUBE GALLERIES WHICH ARE FOCUSED ON COLLABORATIVE AND EXPERIMENTAL INSTALLATIONS. THE ORGANIZATION HOSTS SOLO AND GROUP EXHIBITIONS IN SEVEN COMMUNITY VENUES ACROSS THE TRIANGLE, SHOWCASING THE WORK OF LOCAL AND EMERGING ARTISTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0155376
IRS990/ProgSrvcAccomActy2Grp/GrantAmt08650
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt028122
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION AND OUTREACHVAE OFFERS A SUITE OF EDUCATIONAL PROGRAMMING FOR ARTISTS, INCLUDING LECTURES, WORKSHOPS, CRITIQUES, ONE-ON-ONE MENTORING OPPORTUNITIES, AND HANDS-ON LEARNING EXPERIENCES. THEY KEYSTONE OF VAE'S EDUCATIONAL PROGRAMMING IS AN ANNUAL SUMMIT THAT FOCUSES ON THE MOST RELEVANT ISSUES FACING THE CREATIVE COMMUNITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt070866
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt010308
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FISCAL SPONSORSHIP PROGRAMVAE OFFERS FUNDING DIRECTLY TO CREATIVE INDIVIDUALS THROUGH SMALL GRANTS, STIPENDS, AND THE ORGANIZATION'S FISCAL SPONSORSHIP PROGRAM. VAE IS THE LOCAL CHAPTER OF THE AWESOME FOUNDATION, A GLOBAL COMMUNITY OF MICRO-FUNDERS COMMITTED TO MAKING THEIR COMMUNITIES MORE AWESOME BY PROVIDING $1,000 FOR CREATIVE IDEAS EACH MONTH. VAE ALSO AWARDS ARTIST GRANTS AND EXHIBITIONS STIPENDS TO SUPPORT THEIR CREATIVE CAREERS. VAE'S FISCAL SPONSORSHIP PROGRAM IS A GRANTING PROGRAM IN WHICH THE ORGANIZATION SPONSORS INDIVIDUAL ARTISTS AND UNINCORPORATED ARTISTS GROUPS AND ASSISTS WITH MANAGING THE FISCAL ASPECTS OF THEIR PROJECTS. THE ORGANIZATION IS RESPONSIBLE FOR COLLECTING FUNDS RESTRICTED TO THE PROJECT AND DISBURSING THEM IN ACCORDANCE WITH THE PROJECT'S APPROVED GUIDELINES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt096309
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt01000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt020511
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0361284
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt08400
IRS990/PYInvestmentIncomeAmt0-502
IRS990/PYOtherExpensesAmt0244923
IRS990/PYOtherRevenueAmt026585
IRS990/PYProgramServiceRevenueAmt033210
IRS990/PYRevenuesLessExpensesAmt010741
IRS990/PYSalariesCompEmpBnftPaidAmt0156513
IRS990/PYTotalExpensesAmt0409836
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0420577
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-2004
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt04825
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt014263
IRS990/SavingsAndTempCashInvstGrp/BOYAmt073485
IRS990/SavingsAndTempCashInvstGrp/EOYAmt045038

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$137,803
Liabilities
$13,293
Net assets
$124,510
Revenue
$492,115
Expenses
$494,119
Net income
-$2,004
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
2018Detailed filing. Detailed filing data is available for this year.$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