Civic Intelligence

Visual Arts Exchange

990 • Fiscal year 2019 • EIN 56-1287429

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 21, 2019

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

66th percentile

0.11x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

47th percentile

2.0%

Faster asset growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

60th percentile

9.2%

Faster revenue growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$140,626

Up $2,823 (+2.0%) from 2018

Net Assets

Up

$124,693

Up $183 (+0.1%) from 2018

Liabilities

Up

$15,933

Up $2,640 (+20%) from 2018

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin39th percentile

Revenue

Up

$537,391

Up $45,276 (+9.2%) from 2018

Expenses

Up

$537,208

Up $43,089 (+8.7%) from 2018

Net Income

Up

$183

Up $2,187 (+109%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2019

Assets$140,626
Liabilities$15,933
Net Assets$124,693
Open 2019 Filing

Operations Trend

Revenue Growth60th 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

2019

Revenue$537,391
Expenses$537,208
Net Income$183
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 21, 2019
Return Version
2018v3.1
Gross Receipts
$627,467
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$45,038$56,980▲ $11,942
Cash and Non-Interest-Bearing Accounts$38,097$25,783▼ $12,314
Pledges and Grants Receivable$20,384$20,862▲ $478
Land, Buildings, and Equipment, Net$16,325$15,295▼ $1,030
Accounts Receivable$11,206$15,026▲ $3,820
Prepaid Expenses and Deferred Charges$2,503$2,430▼ $73
Total Assets$137,803$140,626▲ $2,823
Other Assets Total$4,250$4,250→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,908$12,473▲ $3,565
Deferred Revenue$4,385$3,037▼ $1,348
Other Liabilities$0$423▲ $423
Total Liabilities$13,293$15,933▲ $2,640
Net Assets / Fund Balance
Unrestricted Net Assets$63,239$85,870▲ $22,631
Temporarily Rstr Net Assets$61,271$38,823▼ $22,448
Total Net Assets Fund Balance$124,510$124,693▲ $183
Total Liabilities and Net Assets / Fund Balance$137,803$140,626▲ $2,823

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,581$16,250$28,831
Equipment$2,714$18,819$21,533
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Brandon CordreyExecutive DirectorFT$50,500$50,500

Board Members and Trustees

NameTitle
Bill KingChair
Mary-sara CamerinoDevelopment Chair
Kevin CogginsImmediate Past Board Chair
Erica PorterVice-chair
Ben SteelDirector
Cecilia ZuvicDirector
Clarenda Stanley-andersonDirector
David TranDirector
Debbie RobbinsDirector
Delano RobertsDirector
Ilina EwenDirector
Kelly SpauldingDirector
Melissa MattonDirector
Michael ThelenDirector
Sally PlylerDirector
Sarah KordulewskiDirector
Toby ColemanDirector
Alexandra McarthurSecretary
Rachel JordanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$511,729
Program Service Revenue
$100,186
Investment Income
$97
Other Revenue
$-74,621
All Other Contributions
$240,378
Change in Net Assets
$183

Audited Revenue Reconciliation

Revenue per Audited Statements
$537,391
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$154,650
Total Revenue per Audited Statements
$692,041
Total Revenue per Form 990
$537,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,659
Salaries, Compensation, and Employee Benefits$195,249
Total Fundraising Expense$19,742
Grants and Similar Amounts Paid$13,300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,569$14,931$8,365$131,865
Fees for Services Other$116,582$239$159$116,980
Occupancy$78,674$1,400$700$80,774
Current Officers, Directors, Trustees, and Key Employees$36,183$5,448$7,869$49,500
Payroll Taxes$11,644$1,126$1,114$13,884
Travel$12,551$45$30$12,626
Fees for Services Accounting$9,654$644$429$10,727
Insurance$6,200$2,644$264$9,108
Grants to Domestic Individuals$8,300--$8,300
Other Expenses$5,710$52$35$5,797
Grants to Domestic Orgs$5,000--$5,000
Depreciation Depletion$2,511$167$112$2,790
Office Expenses$2,146$120$80$2,346
Information Technology$1,134$76$50$1,260
Advertising$669$12$8$689
All Other Expenses$381$25$17$423
Total Functional Expenses$489,772$27,694$19,742$537,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$691,858
Expenses per Audited Statements$537,208
Total Expenses per Form 990$537,208
Expenses Not Reported on Form 990$154,650
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$90,076
Fundraising Gross Income$15,455
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Love of Art Auction$166,418$15,455$39,932$-24,477
Vae Prom$6,685-$596-
Total Events$173,103$15,455$90,076$-74,621
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
State Income Taxes$79
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
2019-10-21
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
7
Volunteers
450

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 1,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,800. Contracted artists: program service expenses 71,635. Management and general expenses 216. Fundraising expenses 144. Total expenses 71,995. Other contracted services: program service expenses 43,147. Management and general expenses 23. Fundraising expenses 15. Total expenses 43,185.”

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, 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events-direct expenses 90,076.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events-direct expenses 90,076.”

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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/Desc0COMMUNITY EVENTSVAE PRODUCES SPARKCON, A CREATIVITY FESTIVAL IN DOWNTOWN RALEIGH THAT SHOWCASES THE TALENTS OF OVER 2,000 ARTISTS, DESIGNERS, MUSICIANS, DANCERS, CHEFS, COMEDIANS, AND MANY MORE CREATIVE INDIVIDUALS IN OVER 200 SHOWCASES OVER 3-4 DAYS EACH YEAR. THIS EVENT HAS APPROXIMATELY 84,000 ATTENDEES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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/TitleTxt18IMMEDIATE PAST BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0157648
IRS990/FundraisingDirectExpensesAmt090076
IRS990/FundraisingGrossIncomeAmt015455
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt0113703
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt08300
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt08300
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt05000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0627467
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt050
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt076
IRS990/InformationTechnologyGrp/ProgramServicesAmt01134
IRS990/InformationTechnologyGrp/TotalAmt01260
IRS990/InsuranceGrp/FundraisingAmt0264
IRS990/InsuranceGrp/ManagementAndGeneralAmt02644
IRS990/InsuranceGrp/ProgramServicesAmt06200
IRS990/InsuranceGrp/TotalAmt09108
IRS990/InvestmentIncomeGrp/ExclusionAmt097
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt097
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt035069
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016325
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015295
IRS990/LandBldgEquipCostOrOtherBssAmt050364
IRS990/LegalDomicileStateCd0NC
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/NetAssetsOrFundBalancesBOYAmt0124510
IRS990/NetAssetsOrFundBalancesEOYAmt0124693
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-74621
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-74621
IRS990/NetUnrelatedBusTxblIncmAmt01640
IRS990/NoncashContributionsAmt011156
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0700
IRS990/OccupancyGrp/ManagementAndGeneralAmt01400
IRS990/OccupancyGrp/ProgramServicesAmt078674
IRS990/OccupancyGrp/TotalAmt080774
IRS990/OfficeExpensesGrp/FundraisingAmt080
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0120
IRS990/OfficeExpensesGrp/ProgramServicesAmt02146
IRS990/OfficeExpensesGrp/TotalAmt02346
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04250
IRS990/OtherAssetsTotalGrp/EOYAmt04250
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1PRINTING & POSTAGE
IRS990/OtherExpensesGrp/Desc2OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/FundraisingAmt0201
IRS990/OtherExpensesGrp/FundraisingAmt188
IRS990/OtherExpensesGrp/FundraisingAmt2221
IRS990/OtherExpensesGrp/FundraisingAmt335
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0301
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1132
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2332
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt352
IRS990/OtherExpensesGrp/ProgramServicesAmt059405
IRS990/OtherExpensesGrp/ProgramServicesAmt114328
IRS990/OtherExpensesGrp/ProgramServicesAmt210131
IRS990/OtherExpensesGrp/ProgramServicesAmt35710
IRS990/OtherExpensesGrp/TotalAmt059907
IRS990/OtherExpensesGrp/TotalAmt114548
IRS990/OtherExpensesGrp/TotalAmt210684
IRS990/OtherExpensesGrp/TotalAmt35797
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0423
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08365
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014931
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0108569
IRS990/OtherSalariesAndWagesGrp/TotalAmt0131865
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01114
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01126
IRS990/PayrollTaxesGrp/ProgramServicesAmt011644
IRS990/PayrollTaxesGrp/TotalAmt013884
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020384
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020862
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02503
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02430
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/Desc3SALES COMMISSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058831
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126667
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210666
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34022
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126667
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34022
IRS990/ProgSrvcAccomActy2Grp/Desc0EXHIBITIONSVAE PRODUCES OVER 70 EXHIBITIONS EACH YEAR, DISPLAYING THE WORK OF MORE THAN 1,600 CONTEMPORARY ARTISTS. BEGINNING IN 2018, THE ORGANIZATION HOSTS 6 MAIN GALLERY PROJECTS THAT INCLUDE EXHIBITIONS, EDUCATION AND OUTREACH EVENTS, AND CURATED 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. IN ADDITION, THE ORGANIZATION HOSTS 6 ANNUAL EXHIBITS IN BOTH THE LAB AND CUBE GALLERIES WHICH ARE FOCUSED ON COLLABORATIVE AND EXPERIMENTAL INSTALLATIONS AND SOLO AND GROUP EXHIBITIONS IN 10 COMMUNITY VENUES ACROSS THE TRIANGLE, SHOWCASING THE WORK OF LOCAL AND EMERGING ARTISTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0215699
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0600
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt044705
IRS990/ProgSrvcAccomActy3Grp/Desc0FUNDING AND FISCAL SPONSORSHIPVAE 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 EXHIBITION STIPENDS TO SUPPORT THEIR CREATIVE CAREERS. VAE'S FISCAL SPONSORSHIP PROGRAM IS A GRANTING PROGRAM IN WHICH THE ORGANIZATION SPONSORS INDIVIDUAL ARTISTS AND UNINCORPORATED ARTIST 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/ProgSrvcAccomActy3Grp/ExpenseAmt0125074
IRS990/ProgSrvcAccomActy3Grp/GrantAmt012000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt033290
IRS990/ProgSrvcAccomActyOtherGrp/Desc0EDUCATIONOUTSIDE 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/ProgSrvcAccomActyOtherGrp/ExpenseAmt048859
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0700
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt03766
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0456190
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt09650
IRS990/PYInvestmentIncomeAmt052
IRS990/PYOtherExpensesAmt0290227
IRS990/PYOtherRevenueAmt0-37331
IRS990/PYProgramServiceRevenueAmt073204
IRS990/PYRevenuesLessExpensesAmt0-2004
IRS990/PYSalariesCompEmpBnftPaidAmt0194242
IRS990/PYTotalExpensesAmt0494119
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0492115
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0183

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,626
Liabilities
$15,933
Net assets
$124,693
Revenue
$537,391
Expenses
$537,208
Net income
$183
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