The Center For Emerging Visual Artists Ltd
- Assets
- $413.8k
- Revenue
- $235.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 11/1983
- Data as of
- 06/2022
- EIN
- 23-2250532
Organization Overview
The Center For Emerging Visual Artists Ltd is located in Philadelphia, PA. The organization was established in 1983. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Center For Emerging Visual Artists Ltd employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Emerging Visual Artists Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Center For Emerging Visual Artists Ltd generated $235.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $343.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CFEVA'S PURPOSE IS TO PROVIDE EMERGING VISUAL ARTISTS IN THE PHILADELPHIA AREA WITH CAREER COUNSELING, SUPPORT AND OPPORTUNITIES TO EXHIBIT WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAREER DEVELOPMENT PROGRAM PROMOTES THE PROFRESSIONAL DEVELOPMENT AND CAREER ADVANCEMENT OF A SELECT GROUP OF HIGHLY TALENTED EMERGING VISUAL ARTISTS, WHILE ENCOURAGING THEIR PARTICIPATION IN THE LOCAL ARTS COMMUNITY THROUGH EXHIBITIONS, PROFESSIONAL DEVELOPMENT, MENTORSHIP AND MORE; REGIONAL ARTS PROGRAM PROVIDES EMERGING VISUAL ARTS AND COMMUNITY MEMBERS WITH UNIQUE OPPORTUNITIES TO SHARE THEIR ENTHUSIASM, KNOWLEDGE AND GIFT OF ART THROUGH PROGRAMS LIKE HAND-IN-HAND, COMMUNITY EXHIBITIONS, DIRECT DIALOGUES AND THE MAIDA R. MILONE RESOURCE CENTER; PHILADELPHIA OPEN STUDIO TOURS IS AN ANNUAL COMMUNITY-BASED EVENT DURING THE FIRST TWO WEEKENDS IN OCTOBER WHERE HUNDREDS OF VISUAL ARTISTS IN 18 PHILADELPHIA NEIGHBORHOODS OPEN THEIR STUDIOS TO THE PUBLIC TO SHOW AND SELL ARTWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maida Milone Board Chair | OfficerTrustee | 5 | $0 |
Andrea Smith Treasurer | OfficerTrustee | 5 | $0 |
Nicole Aiken-Shabat Secretary | OfficerTrustee | 5 | $0 |
Phillipa Ashby Director | Trustee | 1 | $0 |
Brian Casal Director | Trustee | 1 | $0 |
Paul Curci Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,263 |
| Total Program Service Revenue | $117,161 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,680 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,158 |
| Compensation of current officers, directors, key employees. | $19,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,176 |
| Payroll taxes | $14,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,042 |
| Advertising and promotion | $5,412 |
| Office expenses | $16,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,854 |
| Travel | $486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,801 |
| All other expenses | $0 |
| Total functional expenses | $343,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,567 |
| Savings and temporary cash investments | $21,921 |
| Pledges and grants receivable | $10,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $321,346 |
| Prepaid expenses and deferred charges | $5,900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,733 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,842 |
| Total assets | $413,809 |
| Accounts payable and accrued expenses | $47,693 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,693 |
| Net assets without donor restrictions | $319,274 |
| Net assets with donor restrictions | $46,842 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $413,809 |