Civic Intelligence

Visual Arts Exchange

990 • Fiscal year 2013 • EIN 56-1287429

Jul 01, 2012 to Jun 30, 2013 • Filed on Nov 27, 2013

309 W Martin Street27601
Siviq Scores

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

Liabilities / Assets

75th percentile

0.10x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$132,068

Down $20,282 (-13%) from 2012

Net Assets

Down

$119,237

Down $14,761 (-11%) from 2012

Liabilities

Down

$12,831

Down $5,521 (-30%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$334,401

Down $7,730 (-2.3%) from 2012

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

2013

Assets$132,068
Liabilities$12,831
Net Assets$119,237

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

2013

Revenue-
Expenses$334,401
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Nov 27, 2013
Return Version
2012v2.3
Gross Receipts
$360,951
Mission and Program Overview

Mission

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

Major Activities

Activity 2
Exhibits: vae produces 39 exhibitions each year, displaying the work of more than 955 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 24 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 39 EXHIBITIONS EACH YEAR, DISPLAYING THE WORK OF MORE THAN 955 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 24 COMMUNITY EXCHANGE EXHIBITIONS WHICH SHOWCASE LOCAL ARTISTS AT COMMUNITY VENUES ACROSS THE TRIANGLE.
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IRS990/Organization501c30X
IRS990/OtherExpensePriorYear0188297
IRS990/OtherExpensesCurrentYear0176857
IRS990/OtherExpenses/Description0COMMUNITY EVENTS EXP
IRS990/OtherExpenses/Description1ARTISTS' COMMISSIONS
IRS990/OtherExpenses/Description2EQUIPMENT RENTAL
IRS990/OtherExpenses/Description3MERCHANT FEES
IRS990/OtherExpenses/Fundraising0109
IRS990/OtherExpenses/ManagementAndGeneral0219
IRS990/OtherExpenses/ProgramServices021306
IRS990/OtherExpenses/ProgramServices114317
IRS990/OtherExpenses/ProgramServices28656
IRS990/OtherExpenses/ProgramServices32706
IRS990/OtherExpenses/Total021306
IRS990/OtherExpenses/Total114317
IRS990/OtherExpenses/Total28656
IRS990/OtherExpenses/Total33034
IRS990/OtherLiabilities/BOY016484
IRS990/OtherLiabilities/EOY08874
IRS990/OtherRevenueCurrentYear015908
IRS990/OtherRevenuePriorYear016597
IRS990/OtherSalariesAndWages/Fundraising06815
IRS990/OtherSalariesAndWages/ManagementAndGeneral013137
IRS990/OtherSalariesAndWages/ProgramServices0117670
IRS990/OtherSalariesAndWages/Total0137622
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/Fundraising0568
IRS990/PayrollTaxes/ManagementAndGeneral01135
IRS990/PayrollTaxes/ProgramServices09653
IRS990/PayrollTaxes/Total011356
IRS990/PledgesAndGrantsReceivable/BOY014715
IRS990/PledgesAndGrantsReceivable/EOY010000
IRS990/PoliticalActivities0false
IRS990/PremiumsPaid0false
IRS990/PrepaidExpensesDeferredCharges/BOY08727
IRS990/PrepaidExpensesDeferredCharges/EOY07415
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenueCY057129
IRS990/ProgramServiceRevenue/Description0CONSIGNMENT & OTHER SALES
IRS990/ProgramServiceRevenue/Description1EXHIBIT ENTRY FEES
IRS990/ProgramServiceRevenue/Description2REGISTRATION & TICKETS
IRS990/ProgramServiceRevenue/Description3GALLERY USE FEES
IRS990/ProgramServiceRevenue/Description4VENDOR FEES
IRS990/ProgramServiceRevenuePriorYear056794
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome021761
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome117010
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome211558
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome33900
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome42900
IRS990/ProgramServiceRevenue/TotalRevenueColumn021761
IRS990/ProgramServiceRevenue/TotalRevenueColumn117010
IRS990/ProgramServiceRevenue/TotalRevenueColumn211558
IRS990/ProgramServiceRevenue/TotalRevenueColumn33900
IRS990/ProgramServiceRevenue/TotalRevenueColumn42900
IRS990/ProhibitedTaxShelterTrans0false
IRS990/QuidProQuoContributions0false
IRS990/ReconcilationRevenueExpenses0-14761
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0false

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