Charlottesville Contemporary Arts Inc
- Assets
- $2.3m
- Revenue
- $168.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 10/1998
- Data as of
- 06/2024
- EIN
- 54-1905939
Organization Overview
Charlottesville Contemporary Arts Inc is located in Charlottesville, VA. The organization was established in 1998. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlottesville Contemporary Arts 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 06/2024, Charlottesville Contemporary Arts Inc generated $168.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $239.6k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OPERATING SPACE FOR LIVE ARTS, CHARLOTTESVILLE VIRGINIAS NON-PROFIT PERFORMING ARTS THEATER
PROVIDE OPERATING AND GALLERY SPACE FOR SECOND STREET GALLERY A 501(C)3 NON-PROFIT THAT HAS PROVIDED ART EXHIBIT SPACE, LECTURES AND TOURS IN CHARLOTTESVILLE, VA FOR OVER 40 YEARS
PROVIDE EDUCATIONAL AND TRAINING SPACE FOR LIGHT HOUSE STUDIO AN INDEPENDENT 501(C)3 NON-PROFIT MEDIA CENTER SERVING TEENAGERS IN CHARLOTTESVILLE, VA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Brozenske Chairman/president/secretary | 1 | $0 | |
Charlotte Dammann Director/vp | 1 | $0 | |
Name Not Listed Director/treasurer | 1 | $0 | |
Nsofwa Chanda Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $63,157 |
| Interest on Savings | $200 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,380 |
| Total Revenue | $168,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,279 |
| Taxes | $63,178 |
| Depreciation | $112,904 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,242 |
| Total operating and administrative expenses | $239,603 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $239,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,268 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,092,966 |
| Other assets | $0 |
| Total assets | $2,279,234 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $207,670 |
| Other liabilities | $0 |
| Total liabilities | $207,670 |