Civic Intelligence

Visual Arts Exchange

990 • Fiscal year 2012 • EIN 56-1287429

Jul 01, 2011 to Jun 30, 2012 • Filed on Dec 15, 2012

309 W Martin Street27601
Siviq Scores

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

Liabilities / Assets

77th percentile

0.12x

Higher debt load relative to assets than 77% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

25th percentile

-15%

Faster asset growth than 25% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$152,350

Down $26,080 (-15%) from 2011

Net Assets

Down

$133,998

Down $25,233 (-16%) from 2011

Liabilities

Down

$18,352

Down $847 (-4.4%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$342,131

Up $5,925 (+1.8%) from 2011

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

2012

Assets$152,350
Liabilities$18,352
Net Assets$133,998

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

2012

Revenue-
Expenses$342,131
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Dec 15, 2012
Return Version
2011v1.2
Gross Receipts
$356,357
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 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. 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. Vae also regularly offers educational workshops, lectures, technique instruction, demonstrations and critiqes for artists as part of its commitment to futher their skills and provide general business knowledge. In addition vae hosts a monthly artists' night, which includes critiques and hands-on demonstrations.
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 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/OtherSalariesAndWages/ProgramServices0113995
IRS990/OtherSalariesAndWages/Total0132632
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/Fundraising0562
IRS990/PayrollTaxes/ManagementAndGeneral01013
IRS990/PayrollTaxes/ProgramServices09679
IRS990/PayrollTaxes/Total011254
IRS990/PledgesAndGrantsReceivable/BOY01685
IRS990/PledgesAndGrantsReceivable/EOY014715
IRS990/PoliticalActivities0false
IRS990/PremiumsPaid0false
IRS990/PrepaidExpensesDeferredCharges/BOY07140
IRS990/PrepaidExpensesDeferredCharges/EOY08727
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenueCY056794
IRS990/ProgramServiceRevenue/Description0CONSIGNMENT SALES
IRS990/ProgramServiceRevenue/Description1EXHIBIT ENTRY FEES
IRS990/ProgramServiceRevenue/Description2REGISTRATION & TICKETS
IRS990/ProgramServiceRevenue/Description3VENDOR FEES
IRS990/ProgramServiceRevenue/Description4GALLERY USE FEES
IRS990/ProgramServiceRevenuePriorYear039089
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome020344
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome118915
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome211833
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome33325
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome42377
IRS990/ProgramServiceRevenue/TotalRevenueColumn020344
IRS990/ProgramServiceRevenue/TotalRevenueColumn118915
IRS990/ProgramServiceRevenue/TotalRevenueColumn211833
IRS990/ProgramServiceRevenue/TotalRevenueColumn33325
IRS990/ProgramServiceRevenue/TotalRevenueColumn42377
IRS990/ProhibitedTaxShelterTrans0false
IRS990/QuidProQuoContributions0true
IRS990/QuidProQuoDisclosure0true
IRS990/ReconcilationOtherChanges01
IRS990/ReconcilationRevenueExpenses0-25234
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
IRS990/ReportFin48Footnote0false
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0false
IRS990/Revenue08192
IRS990/RevenuesLessExpensesCY0-25234
IRS990/RevenuesLessExpensesPriorYear018196
IRS990/SalariesEtcCurrentYear0143886
IRS990/SalariesEtcPriorYear0141538
IRS990/SavingsAndTempCashInvestments/BOY0141403
IRS990/SavingsAndTempCashInvestments/EOY072905

Document Assets

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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

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)3 • <$500k nonprofits