Fund For The Arts Inc
- Assets
- $374.7k
- Revenue
- $279.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Charleston, WV
- Founding
- 04/1982
- Data as of
- 12/2023
- 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 12/2023, Fund For The Arts Inc generated $279.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $266.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Fund For The Arts Inc has awarded 114 individual grants totaling $1,714,512. 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
2023
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 11 ART AND EDUCATIONAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Lieberman VP For Campaign | Trustee | 0.8 | $0 |
Kristen Babiak Assistant VP For Campaign | Trustee | 0.8 | $0 |
Alan Kuhlman Member | Trustee | 0.4 | $0 |
Jennifer Hughes VP For Allocations | Trustee | 0.8 | $0 |
Alexandra Mahaffey Member | Trustee | 0.4 | $0 |
Craig Kay VP For Foundations And Gov | Trustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,829 |
| Total Program Service Revenue | $0 |
| Investment income | $9,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $164,999 |
| 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 | $38,731 |
| Pension plan accruals and contributions | $183 |
| Other employee benefits | $0 |
| Payroll taxes | $2,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,897 |
| 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 | $1,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,420 |
| 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 | $2,528 |
| All other expenses | $757 |
| Total functional expenses | $266,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,500 |
| Accounts receivable, net | $1,333 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,350 |
| Total assets | $374,702 |
| Accounts payable and accrued expenses | $2,686 |
| 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 | $7,350 |
| Total liabilities | $10,036 |
| Net assets without donor restrictions | $350,048 |
| Net assets with donor restrictions | $14,618 |
| 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 | $374,702 |
Grants Awarded
Over the last fiscal year, Fund For The Arts Inc has awarded $155,429 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLESTON BALLET PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $9,900 |
CHARLESTON LIGHT OPERA GUILD INC PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $11,566 |
AVAMPATO DISCOVERY MUSEUM - CLAY CENTER PURPOSE: TO SUPPORT & FOSTER ART AND EDUCATIONAL ENDEAVORS | $54,450 |
CHILDREN'S THEATRE OF CHARLESTON PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $13,777 |
WEST VIRGINIA SYMPHONY ORCHESTRA PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $36,300 |
WEST VIRGINIA YOUTH SYMPHONY ORCHESTRA PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $9,900 |