Fund For The Arts Inc
- Assets
- $203.5k
- Revenue
- $241.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 55-0614854
Organization Overview
Fund For The Arts Inc is located in Charleston, WV. The organization was established in 1982. 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. Fund For The 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 12/2021, Fund For The Arts Inc generated $241.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $279.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Fund For The Arts Inc has awarded 71 individual grants totaling $1,123,022. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AND STRENGTHEN PARTICIPATING ARTS GROUPS IN THE GREATER KANAWHA VALLEY BY PROVIDING EDUCATIONAL AND FINANCIAL SUPPORT AND BY SPONSORING COMMUNITY CULTURAL AND ARTISTIC EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATION OF FUNDS TO 12 ART AND EDUCATIONAL ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Mahaffey Executive Director | Officer | 40 | $0 |
Craig Beeson Executive VP | Officer | 0.8 | $0 |
Martha Hall Secretary/treasurer | Officer | 0.8 | $0 |
Dennise Smith President | Officer | 0.8 | $0 |
Craig Kay VP For Foundations And Gov | Trustee | 0.8 | $0 |
Priya Arora Chair, Individual Artists | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,749 |
| Total Program Service Revenue | $0 |
| Investment income | $8,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,075 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,445 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| 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 | $2,481 |
| All other expenses | $874 |
| Total functional expenses | $279,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,043 |
| Accounts receivable, net | $642 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $203,527 |
| Accounts payable and accrued expenses | $5,592 |
| 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 | $5,592 |
| Net assets without donor restrictions | $181,957 |
| Net assets with donor restrictions | $15,978 |
| 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 | $203,527 |
Grants Awarded
Over the last fiscal year, Fund For The Arts Inc has awarded $165,445 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, WV PURPOSE: TO SUPPORT & FOSTER ART AND EDUCATIONAL ENDEAVORS | $49,170 |
Charleston, WV PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $32,780 |
Charleston, WV PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $15,410 |
Charleston, WV PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $12,937 |
Charleston, WV PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $11,996 |
Charleston, WV PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $11,258 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Fund For The Arts Inc has recieved totaling $36,707.
| Awarding Organization | Amount |
|---|---|
Daywood Foundation Inc Charleston, WV PURPOSE: GENERAL PROGRAM SUPPORT | $16,000 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $14,707 |
Elliot Foundation Inc Charleston, WV PURPOSE: SUPPORT | $2,500 |
Encova Foundation Of West Virginia Charleston, WV PURPOSE: EQUIPMENT/SOFTWARE TO STREAMLINE ANNUAL FUNDRAISING PROCESSES | $2,500 |
Strong-Treister Family Foundation Inc Charleston, WV PURPOSE: CULTURAL EVENTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
Greater Pittsburgh Arts Council Pittsburgh, PA | $2,524,492 | $2,281,290 |
Downtown Columbia Arts And Culture Commission Inc Columbia, MD | $56,227,844 | $6,192,561 |
International Critical Incident Stress Foundation Inc Ellicott City, MD | $1,604,340 | $2,401,353 |
Clairvaux Institute Elmhurst Township, PA | $2,701,439 | $1,749,993 |
Pride Of Baltimore Inc Baltimore, MD | $1,423,944 | $1,205,978 |
Greater Baltimore Cultural Alliance Baltimore, MD | $611,820 | $867,226 |
Tenants And Workers United Inquilinos Y Trabajadores Unidos Alexandria, VA | $1,287,907 | $1,136,060 |
American Mental Health Counselors Assoc Alexandria, VA | $515,954 | $884,107 |
American Turkish Friendship Association Chantilly, VA | $746,317 | $731,745 |