New City Arts Initiative
- Assets
- $199.6k
- Revenue
- $318.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Charlottesville, VA
- Founding
- 07/2010
- Data as of
- 06/2023
- EIN
- 27-1865371
Organization Overview
New City Arts Initiative is located in Charlottesville, VA. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, New City Arts Initiative employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New City Arts Initiative 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 06/2023, New City Arts Initiative generated $318.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $279.3k during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ENVISION THE CHARLOTTESVILLE AREA AS A PLACE WHERE A THRIVING GROUP OF LOCAL ARTISTS UNSETTLES AND TRANSFORMS OUR COMMUNITY TO WORK TOWARD A MORE JUST, BEAUTIFUL FUTURE. NEW CITY ARTS INITIATIVE (NCAI) BRINGS TOGETHER LOCAL CREATORS AND THE LOCAL COMMUNITY TO SPARK CONNECTION, INQUIRY, AND SOCIAL TRANSFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: BY HOSTING AN ARRAY OF EDUCATIONAL OPPORTUNITIES - SUCH AS ARTIST TALKS, WORKSHOPS, AND INTERVIEWS WHERE LOCAL ARTISTS SHARE ABOUT THEIR PRACTICE, EXPERIENCE, AND CRAFT - WE FOSTER OPPORTUNITIES FOR COMMUNITY BUILDING AND ARTISTIC PROFESSIONAL DEVELOPMENT THROUGH DIALOGUE AND LEARNING.
COMMUNITY: NEW CITY ARTS WORKS TOGETHER WITH COMMUNITY MEMBERS AND PARTNER ORGANIZATIONS TO SPARK CONNECTIVITY AND BOLSTER PEOPLE-CENTERED, CREATIVE SOLUTIONS TO ECONOMIC AND SOCIAL CHALLENGES. WE MAINTAIN A FLEXIBLE, RESPONSIVE APPROACH TO PROGRAMMING AND COMMUNITY ENGAGEMENT.
VOCATION: WE ARE COMMITTED TO HELPING MAKE CHARLOTTESVILLE A PLACE WHERE ARTISTS CAN LIVE AND WORK. IN RESPONSE TO ARTISTS' NEEDS, WE OFFER FREE STUDIO SPACE, A LOW-COMMISSION GALLERY, ARTIST GRANTS, AND NETWORKING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Hagan Lazaro Chair | OfficerTrustee | 2 | $0 |
Brittany Fan Vice Chair | OfficerTrustee | 1 | $0 |
Fred Missel Treasurer | OfficerTrustee | 1 | $0 |
Maegan Moore Secretary | OfficerTrustee | 1 | $0 |
Aiyana Marcus Director | Trustee | 1 | $0 |
Derrick J Waller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,596 |
| Related organizations | $0 |
| Government grants | $15,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,900 |
| Total Program Service Revenue | $25,469 |
| Investment income | $611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,863 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,498 |
| Compensation of current officers, directors, key employees. | $11,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,351 |
| Pension plan accruals and contributions | $2,938 |
| Other employee benefits | $0 |
| Payroll taxes | $11,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,082 |
| Advertising and promotion | $4,377 |
| Office expenses | $24,041 |
| Information technology | $6,174 |
| Royalties | $0 |
| Occupancy | $31,756 |
| Travel | $2,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,143 |
| Insurance | $3,747 |
| All other expenses | $732 |
| Total functional expenses | $279,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,050 |
| Total assets | $199,592 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,200 |
| Total liabilities | $5,200 |
| Net assets without donor restrictions | $159,321 |
| Net assets with donor restrictions | $35,071 |
| 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 | $199,592 |