Civic Intelligence

Visual Arts Exchange

990 • Fiscal year 2022 • EIN 56-1287429

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 03, 2023

Organization ProfileWWW.VAERALEIGH.ORG
228 Fayetteville StreetRaleigh, NC 27601

(919) 828-7834

Siviq Scores

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

Liabilities / Assets

75th percentile

0.12x

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

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.10x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Net Margin

12th percentile

-48%

Higher net margin than 12% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Top Officer Pay

97th percentile

$59,788

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Asset Growth

14th percentile

-37%

Faster asset growth than 14% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-52%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$240,777

Down $141,278 (-37%) from 2021

Net Assets

Down

$211,676

Down $145,164 (-41%) from 2021

Liabilities

Up

$29,101

Up $3,886 (+15%) from 2021

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin12th percentile

Revenue

Down

$303,641

Down $335,359 (-52%) from 2021

Expenses

Down

$448,805

Down $666 (-0.1%) from 2021

Net Income

Down

-$145,164

Down $334,693 (-177%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2022

Assets$240,777
Liabilities$29,101
Net Assets$211,676
Open 2022 Filing

Operations Trend

Revenue Growth11th 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

2022

Revenue$303,641
Expenses$448,805
Net Income-$145,164
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 3, 2023
Return Version
2021v4.2
Gross Receipts
$384,101
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$266,206$103,014▼ $163,192
Savings and Temporary Cash Investments$64,149$84,212▲ $20,063
Pledges and Grants Receivable$15,954$31,845▲ $15,891
Land, Buildings, and Equipment, Net$13,557$9,959▼ $3,598
Accounts Receivable$17,918$5,077▼ $12,841
Prepaid Expenses and Deferred Charges$133$132▼ $1
Total Assets$382,055$240,777▼ $141,278
Other Assets Total$4,138$6,538▲ $2,400
Liabilities
Grants Payable-$16,500-
Accounts Payable and Accrued Expenses$25,215$12,601▼ $12,614
Total Liabilities$25,215$29,101▲ $3,886
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$188,613$125,014▼ $63,599
Net Assets With Donor Restrictions$168,227$86,662▼ $81,565
Total Net Assets Fund Balance$356,840$211,676▼ $145,164
Total Liabilities and Net Assets / Fund Balance$382,055$240,777▼ $141,278

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,959$4,854$14,813
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brandon CordreyExecutive DirectorFT$59,788$59,788

Board Members and Trustees

NameTitle
Erica PorterChair
Alexandra McarthurVice Chair
Brad JohnsonDirector
Cecilia ZuvicDirector
Clarenda StanleyDirector
Delano RobertsDirector
Gabie FrantzDirector
Ilina EwenDirector
Kinard BarnettDirector
Kristy Garcia BrenemanDirector
Kulsum TasnifDirector
Latissa DavisDirector
Lavanya NagarajDirector
Sally PlylerDirector
Sarah KordulewskiDirector
Sophie McmillianDirector
Kayla ColemanExecutive Director
Michael ThelenGeneral Counsel
Liani YirkaSecretary
Pete HarveyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$362,473
Program Service Revenue
$9,565
Investment Income
$-1,182
Other Revenue
$-67,215
All Other Contributions
$110,213
Change in Net Assets
$-145,164

Audited Revenue Reconciliation

Revenue per Audited Statements
$303,641
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$81,965
Total Revenue per Audited Statements
$385,606
Total Revenue per Form 990
$303,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$214,373
Other Expenses$162,082
Grants and Similar Amounts Paid$72,350
Total Fundraising Expense$23,565
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,855$23,940$3,917$121,712
Grants to Domestic Individuals$72,350--$72,350
Current Officers, Directors, Trustees, and Key Employees$45,711$7,726$10,944$64,381
Occupancy$49,687$998$499$51,184
Fees for Services Other$44,127$2$2,002$46,131
Payroll Taxes$10,723$2,434$1,142$14,299
Other Employee Benefits$12,983$678$320$13,981
Fees for Services Accounting$8,491$566$377$9,434
Insurance$4,164$1,921$320$6,405
All Other Expenses$2,964$99$64$3,127
Depreciation Depletion$2,118$141$94$2,353
Other Expenses$2,247$0$0$2,247
Office Expenses$428$6$4$438
Travel$379$25$17$421
Advertising$338--$338
Information Technology$40--$40
Total Functional Expenses$386,344$38,896$23,565$448,805

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$530,770
Expenses per Audited Statements$448,805
Total Expenses per Form 990$448,805
Expenses Not Reported on Form 990$81,965
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$79,215
Fundraising Gross Income$12,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art Auction$133,517$12,000$30,252$-18,252
Total Events$133,517$12,000$79,215$-67,215
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 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
228 FAYETTEVILLE STREET, RALEIGH, NC 27601

Signing Officer

Name
Brandon Cordrey
Title
Executive Director
Phone
9198287834
Signed
2023-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kayla Coleman
Formed
1980
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
19
Employees
4
Volunteers
100

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 16,725. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,725. Contracted artists: program service expenses 26,166. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,166. Other contracted services: program service expenses 1,236. Management and general expenses 2. Fundraising expenses 2,002. Total expenses 3,240.”

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, 2022.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 79,215.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 79,215.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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/ReportableCompFromRltdOrgAmt200
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/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0121517
IRS990/FundraisingDirectExpensesAmt079215
IRS990/FundraisingGrossIncomeAmt012000
IRS990/GainOrLossGrp/OtherAmt0-1245
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt0130743
IRS990/GrantAmt071350
IRS990/GrantsPayableGrp/EOYAmt016500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt072350
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt072350
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0384101
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt040
IRS990/InformationTechnologyGrp/TotalAmt040
IRS990/InsuranceGrp/FundraisingAmt0320
IRS990/InsuranceGrp/ManagementAndGeneralAmt01921
IRS990/InsuranceGrp/ProgramServicesAmt04164
IRS990/InsuranceGrp/TotalAmt06405
IRS990/InvestmentIncomeGrp/ExclusionAmt063
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt063
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt047
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04854
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013557
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09959
IRS990/LandBldgEquipCostOrOtherBssAmt014813
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01245
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VAE PRODUCES, FUNDS, AND EXHIBITS SOCIALLY-ENGAGED ART THROUGH COMMUNITY COLLABORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0356840
IRS990/NetAssetsOrFundBalancesEOYAmt0211676
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1245
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1245
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-67215
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-67215
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0188613
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0125014
IRS990/NoncashContributionsAmt03625
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0499
IRS990/OccupancyGrp/ManagementAndGeneralAmt0998
IRS990/OccupancyGrp/ProgramServicesAmt049687
IRS990/OccupancyGrp/TotalAmt051184
IRS990/OfficeExpensesGrp/FundraisingAmt04
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06
IRS990/OfficeExpensesGrp/ProgramServicesAmt0428
IRS990/OfficeExpensesGrp/TotalAmt0438
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04138
IRS990/OtherAssetsTotalGrp/EOYAmt06538
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0320
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0678
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012983
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013981
IRS990/OtherExpensesGrp/Desc0PARTNER ORGANIZATION EX
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3PRINTING & POSTAGE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt13698
IRS990/OtherExpensesGrp/FundraisingAmt2167
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1109
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2251
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt018950
IRS990/OtherExpensesGrp/ProgramServicesAmt110465
IRS990/OtherExpensesGrp/ProgramServicesAmt26324
IRS990/OtherExpensesGrp/ProgramServicesAmt32247
IRS990/OtherExpensesGrp/TotalAmt018950
IRS990/OtherExpensesGrp/TotalAmt114272
IRS990/OtherExpensesGrp/TotalAmt26742
IRS990/OtherExpensesGrp/TotalAmt32247
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03917
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023940
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt093855
IRS990/OtherSalariesAndWagesGrp/TotalAmt0121712
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01142
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02434
IRS990/PayrollTaxesGrp/ProgramServicesAmt010723
IRS990/PayrollTaxesGrp/TotalAmt014299
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt015954
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt031845
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0133
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0132
IRS990/PrincipalOfficerNm0KAYLA COLEMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY EXHIBIT VENUE FEES
IRS990/ProgramServiceRevenueGrp/Desc1EVENT FEES & REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09450
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1115
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. ANOTHER KEY PILLAR OF VAE'S EDUCATIONAL PROGRAMMING IS ITS COLLABORATIVE CURATORIAL FELLOWSHIP, WHICH PROVIDES OPPORTUNITIES TO YOUNG AND EMERGING ARTISTS AS THEY DEVELOP THROUGH DIRECTED ARTISTIC RESEARCH AND CURATION WITH THE SUPPORT OF VAE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0220424
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt08320
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0640497
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0108610
IRS990/PYInvestmentIncomeAmt0-10503
IRS990/PYOtherExpensesAmt0158541
IRS990/PYOtherRevenueAmt0-18514
IRS990/PYProgramServiceRevenueAmt027520
IRS990/PYRevenuesLessExpensesAmt0189529
IRS990/PYSalariesCompEmpBnftPaidAmt0182320
IRS990/PYTotalExpensesAmt0449471
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0639000
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-145164
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$240,777
Liabilities
$29,101
Net assets
$211,676
Revenue
$303,641
Expenses
$448,805
Net income
-$145,164
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
2022Detailed filing. Detailed filing data is available for this year.$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