Williamsburg Contemporary Art Center
- Assets
- $348.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 01/1961
- Data as of
- 12/2021
- EIN
- 54-6054880
Organization Overview
Williamsburg Contemporary Art Center is located in Williamsburg, VA. The organization was established in 1961. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Williamsburg Contemporary Art Center 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 12/2021, Williamsburg Contemporary Art Center generated $94.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $97.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Apryl Altman Artistic Director | 20 | $0 | |
Melody Loftheim VP Operations | 10 | $0 | |
Janis Wood President & Acting Treasurer | 40 | $0 | |
Tim Andrews Marketing & Communications | 5 | $0 | |
Karen Schwartz Special Exhibits Outreach | 20 | $0 | |
Judy Leasure Secretary & Art Ed Coord | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,104 |
| Total Program Service Revenue | $25,070 |
| Membership dues | $21,963 |
| Investment income | $5,706 |
| Gain or Loss | $6,285 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,128 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,450 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $29,255 |
| Printing, publications, postage, and shipping | $1,490 |
| Other expenses | $50,713 |
| Total expenses | $97,908 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $216,753 |
| Other assets | $0 |
| Total assets | $348,705 |
| Total liabilities | $2,649 |
| Net assets or fund balances | $346,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Museum Of Women In The Arts Inc Washington, DC | $143,899,060 | $28,831,292 |
Hunter Museum Of Art Chattanooga, TN | $45,514,020 | $7,390,848 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
Dixon Gallery And Gardens Memphis, TN | $9,304,777 | $5,610,012 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
Reynolda House Inc Winston Salem, NC | $41,896,751 | $3,493,024 |
The American Visionary Art Museum Inc Baltimore, MD | $12,141,748 | $3,802,625 |
Knoxville Museum Of Art Knoxville, TN | $12,196,877 | $3,220,850 |
Louise Wells Cameron Art Museum Wilmington, NC | $20,155,749 | $2,062,415 |
Asheville Art Museum Association Inc Asheville, NC | $32,695,907 | $8,810,292 |
Huntington Museum Of Art Inc Huntington, WV | $26,007,450 | $2,534,493 |
National Ornamental Metal Museum Inc Memphis, TN | $19,212,719 | $16,707,423 |