Valley Art Center Inc
- Assets
- $693.2k
- Revenue
- $467.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Chagrin Falls, OH
- Founding
- 01/1972
- Data as of
- 06/2022
- EIN
- 34-1087923
Organization Overview
Valley Art Center Inc is located in Chagrin Falls, OH. The organization was established in 1972. 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, Valley Art Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Art Center Inc 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, Valley Art Center Inc generated $467.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $446.8k during the year ending 06/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VALLEY ART CENTER'S MISSION IS TO ENRICH AND INSPIRE THE COMMUNITY THROUGH MEANINGFUL VISUAL ART EDUCATION, EXHIBITIONS, EVENTS AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART CLASSES AND WORKSHOPS FOR STUDENTS HELD AT VALLEY ART CENTER. IN A NORMAL YEAR, THERE ARE SEVEN SESSIONS OF CLASSES WITH 1,500 STUDENTS OR AN AVERAGE OF APPROXIMATELY 6 STUDENTS PER CLASS. THE PANDEMIC CONTINUED TO HAVE A SMALL NEGATIVE IMPACT ON THE CLASSES AND WORKSHOPS' ATTENDANCE.
GALLERY ART SHOWS TO PROMOTE RECOGNITION OF ARTISTS AND PUBLIC AWARENESS OF THE ARTS. ALL SHOWS ARE FREE & OPEN TO THE PUBLIC. IN A NORMAL YEAR THERE ARE FIVE DIFFERENT GALLERY SHOWS DURING THE YEAR SHOWCASING APPROXIMATELY 500 ARTISTS FOR 1,400 ATTENDEES. THE PANDEMIC CONTINUED TO HAVE A NEGATIVE IMPACT ON THE GALLERY ART SHOWS.
ART BY THE FALLS RETURNED AFTER A 2 YEAR HIATUS CAUSED BY THE PANDEMIC. ART BY THE FALLS IS A FINE ARTS FESTIVAL HELD IN A PUBLIC PARK IN THE CENTER OF CHAGRIN FALLS, PRESENTED TO ADVANCE ART APPRECIATION WITHIN THE COMMUNITY AND PROVIDE ARTISTS A VENUE TO EXHIBIT AND SEEL THEIR WORK. FREE AND OPEN TO THE PUBLIC. APPROXIMATELY 15,000 ATTENDEES OVER A COURSE OF TWO DAYS. ART BY THE FALLS HAS BEEN PRESENTED CONTINUOUSLY SINCE 1983 EXCEPT FOR TWO PRIOR YEARS INTERRUPTED BY COVID.
MEMBERSHIP PROGRAM AND PUBLIC ART, A NEW PROGRAM LAUNCHED IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Gruss Executive Di | Officer | 40 | $60,000 |
Melissa Bertke Vice Preside | OfficerTrustee | 4 | $0 |
John Cunningham Treasurer | OfficerTrustee | 4 | $0 |
Andrea Dawson Secretary | OfficerTrustee | 4 | $0 |
Laurie Dean President | OfficerTrustee | 4 | $0 |
Steven Maier Vice Preside | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,855 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,634 |
| Total Program Service Revenue | $303,468 |
| Investment income | $3,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $6,417 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,742 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,686 |
| Payroll taxes | $11,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,172 |
| Advertising and promotion | $19,355 |
| Office expenses | $9,068 |
| Information technology | $8,656 |
| Royalties | $0 |
| Occupancy | $31,057 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,488 |
| Insurance | $5,186 |
| All other expenses | $41,478 |
| Total functional expenses | $446,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,079 |
| Savings and temporary cash investments | $52,856 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,840 |
| 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 | $398,512 |
| Investments—publicly traded securities | $125,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $144 |
| Other assets | $0 |
| Total assets | $693,205 |
| Accounts payable and accrued expenses | $10,871 |
| Grants payable | $0 |
| Deferred revenue | $19,588 |
| 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 | $121,338 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $196 |
| Total liabilities | $151,993 |
| Net assets without donor restrictions | $524,590 |
| Net assets with donor restrictions | $16,622 |
| 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 | $693,205 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Valley Art Center Inc has recieved totaling $3,676.
| Awarding Organization | Amount |
|---|---|
Premier Bank Foundation Canfield, OH PURPOSE: CHARITABLE | $2,500 |
Connor Foundation Hunting Valley, OH PURPOSE: PROVIDE ARTEDUCATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Endowment Analysis
| Beg. Balance | $19,453 |
| Earnings | -$3,431 |
| Net Contributions | $600 |
| Ending Balance | $16,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |
Unite Local 10 & Textile Maint Ind Philadelphia & Vicinity Welfare Philadelphia, PA | $3,000,579 | $1,742,913 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Pittsburgh Glass Center Inc Pittsburgh, PA | $6,794,843 | $3,874,545 |