Civic Intelligence

Visual Arts Exchange

990 • Fiscal year 2021 • EIN 56-1287429

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 11, 2021

Organization ProfileWWW.VAERALEIGH.ORG
PO Box 1840Raleigh, NC 27602

(919) 828-7834

Siviq Scores

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

Liabilities / Assets

60th percentile

0.07x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.04x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

73rd percentile

30%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

88th percentile

75%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

3.1%

Faster revenue growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$382,055

Up $163,593 (+75%) from 2020

Net Assets

Up

$356,840

Up $189,529 (+113%) from 2020

Liabilities

Down

$25,215

Down $25,936 (-51%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin73rd percentile

Revenue

Up

$639,000

Up $19,504 (+3.1%) from 2020

Expenses

Down

$449,471

Down $127,830 (-22%) from 2020

Net Income

Up

$189,529

Up $147,334 (+349%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2021

Assets$382,055
Liabilities$25,215
Net Assets$356,840
Open 2021 Filing

Operations Trend

Revenue Growth39th 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

2021

Revenue$639,000
Expenses$449,471
Net Income$189,529
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$668,193
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
Cash and Non-Interest-Bearing Accounts$131,076$266,206▲ $135,130
Savings and Temporary Cash Investments$44,086$64,149▲ $20,063
Accounts Receivable$13,887$17,918▲ $4,031
Pledges and Grants Receivable$11,999$15,954▲ $3,955
Land, Buildings, and Equipment, Net$12,822$13,557▲ $735
Prepaid Expenses and Deferred Charges$342$133▼ $209
Total Assets$218,462$382,055▲ $163,593
Other Assets Total$4,250$4,138▼ $112
Liabilities
Unsecured Notes Loans Payable$27,600--
Accounts Payable and Accrued Expenses$21,001$25,215▲ $4,214
Deferred Revenue$2,550--
Total Liabilities$51,151$25,215▼ $25,936
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,283$188,613▲ $81,330
Net Assets With Donor Restrictions$60,028$168,227▲ $108,199
Total Net Assets Fund Balance$167,311$356,840▲ $189,529
Total Liabilities and Net Assets / Fund Balance$218,462$382,055▲ $163,593

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,394$7,150$12,544
Leasehold Improvements$8,163$355$8,518
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Brandon CordreyExecutive DirectorFT$49,500$49,500

Board Members and Trustees

NameTitle
Erica PorterChair
Bill KingImmediate Past Chair
Alexandra McarthurVice Chair
Brad JohnsonDirector
Cecilia ZuvicDirector
Clarenda StanleyDirector
Debbie RobbinsDirector
Delano RobertsDirector
Ilina EwenDirector
Kristy BrenemanDirector
Kulsum TasnifDirector
Latissa DavisDirector
Sally PlylerDirector
Sarah KordulewskiDirector
Michael ThelenGeneral Counsel
Liani YirkaSecretary
Megan SullivanTreasurer
Pete HarveyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$640,497
Program Service Revenue
$27,520
Investment Income
$-10,503
Other Revenue
$-18,514
All Other Contributions
$378,583
Change in Net Assets
$189,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$182,320
Other Expenses$158,541
Grants and Similar Amounts Paid$108,610
Total Fundraising Expense$18,182
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$108,610--$108,610
Other Salaries and Wages$73,563$20,700$9,316$103,579
Current Officers, Directors, Trustees, and Key Employees$40,823$11,499$5,175$57,497
Fees for Services Other$49,987$291$194$50,472
Occupancy$31,131$633$317$32,081
Payroll Taxes$8,580$2,417$1,087$12,084
Fees for Services Accounting$9,788$652$435$10,875
Other Employee Benefits$6,504$1,832$824$9,160
Insurance$3,577$1,651$275$5,503
All Other Expenses$3,815$117$78$4,010
Other Expenses$2,999$40$26$3,065
Depreciation Depletion$1,209$81$54$1,344
Office Expenses$890$30$20$940
Travel$841$1-$842
Advertising$514$6$4$524
Interest$144$10$6$160
Information Technology$135$9$6$150
Total Functional Expenses$390,773$40,516$18,182$449,471
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,514
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Auction$94,950-$18,214-
Total Events$94,950-$18,514$-18,514
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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 990 forms and form 1023 are available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“The organization's audited financial statements, 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
PO BOX 1840, RALEIGH, NC 27602

Signing Officer

Name
Brandon Cordrey
Title
Executive Director
Phone
9198287834
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Cordrey
Formed
1980
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
6
Volunteers
122

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Intern contract labor: program service expenses 6,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,600. Contracted artists: program service expenses 25,577. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,577. Other contracted services: program service expenses 17,810. Management and general expenses 291. Fundraising expenses 194. Total expenses 18,295.”

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, 2021.”

Raw XML AppendixShowing 400 of 577 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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/TitleTxt13GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt094950
IRS990/FundraisingDirectExpensesAmt018514
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt0-10579
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt0166964
IRS990/GrantAmt0108610
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0108610
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0108610
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0100
IRS990/GrossReceiptsAmt0668193
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt06
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09
IRS990/InformationTechnologyGrp/ProgramServicesAmt0135
IRS990/InformationTechnologyGrp/TotalAmt0150
IRS990/InsuranceGrp/FundraisingAmt0275
IRS990/InsuranceGrp/ManagementAndGeneralAmt01651
IRS990/InsuranceGrp/ProgramServicesAmt03577
IRS990/InsuranceGrp/TotalAmt05503
IRS990/InterestGrp/FundraisingAmt06
IRS990/InterestGrp/ManagementAndGeneralAmt010
IRS990/InterestGrp/ProgramServicesAmt0144
IRS990/InterestGrp/TotalAmt0160
IRS990/InvestmentIncomeGrp/ExclusionAmt076
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt076
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt041
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07505
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012822
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013557
IRS990/LandBldgEquipCostOrOtherBssAmt021062
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010679
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/NetAssetsOrFundBalancesBOYAmt0167311
IRS990/NetAssetsOrFundBalancesEOYAmt0356840
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-10579
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10579
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-18514
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-18514
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0107283
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0188613
IRS990/NoncashContributionsAmt05320
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0317
IRS990/OccupancyGrp/ManagementAndGeneralAmt0633
IRS990/OccupancyGrp/ProgramServicesAmt031131
IRS990/OccupancyGrp/TotalAmt032081
IRS990/OfficeExpensesGrp/FundraisingAmt020
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030
IRS990/OfficeExpensesGrp/ProgramServicesAmt0890
IRS990/OfficeExpensesGrp/TotalAmt0940
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04250
IRS990/OtherAssetsTotalGrp/EOYAmt04138
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0824
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01832
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06504
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09160
IRS990/OtherExpensesGrp/Desc0PARTNER ORGANIZATION EX
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt1152
IRS990/OtherExpensesGrp/FundraisingAmt2213
IRS990/OtherExpensesGrp/FundraisingAmt326
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1229
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2318
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt340
IRS990/OtherExpensesGrp/ProgramServicesAmt023367
IRS990/OtherExpensesGrp/ProgramServicesAmt117839
IRS990/OtherExpensesGrp/ProgramServicesAmt26457
IRS990/OtherExpensesGrp/ProgramServicesAmt32999
IRS990/OtherExpensesGrp/TotalAmt023367
IRS990/OtherExpensesGrp/TotalAmt118220
IRS990/OtherExpensesGrp/TotalAmt26988
IRS990/OtherExpensesGrp/TotalAmt33065
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09316
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020700
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt073563
IRS990/OtherSalariesAndWagesGrp/TotalAmt0103579
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01087
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02417
IRS990/PayrollTaxesGrp/ProgramServicesAmt08580
IRS990/PayrollTaxesGrp/TotalAmt012084
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011999
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015954
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0342
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0133
IRS990/PrincipalOfficerNm0BRANDON CORDREY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3711130
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY EXHIBIT VENUE FEES
IRS990/ProgramServiceRevenueGrp/Desc1FISCAL SPONSORSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc2SALES COMMISSIONS
IRS990/ProgramServiceRevenueGrp/Desc3EVENT FEES & REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021568
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14709
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021568
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14709
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3550
IRS990/ProgSrvcAccomActy2Grp/Desc0PROJECTSVAE ORGANIZES THE BULK OF ITS PROGRAMMING INTO LARGE-SCALE PROJECTS THAT INCLUDE EXHIBITIONS, COMMUNITY EVENTS, AND EDUCATIONAL PROGRAMMING. THESE PROJECTS FOCUS ON HIGHLIGHTING THE CREATIVE CONTRIBUTIONS OF PEOPLE WHO ARE OFTEN MARGINALIZED FROM THE CONTEMPORARY ART WORLD AND BUILDING TRUST WITH NEW COMMUNITIES. VAE PRODUCES OVER 50 EXHIBITIONS EACH YEAR, DISPLAYING THE WORK OF MORE THAN 1,200 CONTEMPORARY ARTISTS. IN ADDITION TO THE ORGANIZATION'S MAIN GALLERIES IN THEIR FLAGSHIP LOCATION, THE ORGANIZATION ALSO HOSTS EXHIBITIONS IN A POP-UP LOCATION THAT INCLUDES FOUR INDIVIDUAL GALLERIES AND A COLLECTION OF FIVE COMMUNITY EXHIBITION SPACES ACROSS THE GREATER TRIANGLE.OUTSIDE OF THE PROGRAMMING VAE OFFERS WITH THE PROJECTS LISTED ABOVE, THE ORGANIZATION ALSO OFFERS A SUITE OF EDUCATIONAL PROGRAMMING FOR ARTISTS, INCLUDING CRITIQUES, ONE-ON-ONE MENTORING OPPORTUNITIES, AND HANDS-ON LEARNING EXPERIENCES. THE KEYSTONE OF VAE'S EDUCATIONAL PROGRAMMING IS AN ANNUAL SUMMIT THAT FOCUSES ON THE MOST RELEVANT ISSUES FACING THE CREATIVE COMMUNITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0156207
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt022811
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0628508
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0180406
IRS990/PYInvestmentIncomeAmt0106
IRS990/PYOtherExpensesAmt0234592
IRS990/PYOtherRevenueAmt0-65260
IRS990/PYProgramServiceRevenueAmt056142
IRS990/PYRevenuesLessExpensesAmt042195
IRS990/PYSalariesCompEmpBnftPaidAmt0162303
IRS990/PYTotalExpensesAmt0577301
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0619496
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0189529
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$382,055
Liabilities
$25,215
Net assets
$356,840
Revenue
$639,000
Expenses
$449,471
Net income
$189,529
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
2021Detailed filing. Detailed filing data is available for this year.$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