Clay Center For The Arts & Sciences Of West Virginia Inc
- Assets
- $117.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 68
- Location
- Charleston, WV
- Founding
- 12/1991
- Data as of
- 06/2021
- EIN
- 55-0702401
Organization Overview
Clay Center For The Arts & Sciences Of West Virginia Inc is located in Charleston, WV. The organization was established in 1991. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Clay Center For The Arts & Sciences Of West Virginia Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Clay Center For The Arts & Sciences Of West Virginia Inc generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Clay Center For The Arts & Sciences Of West Virginia Inc has awarded 30 individual grants totaling $447,705. 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 PROVIDE EDUCATIONAL ENTERTAINING AND INSPIRATIONAL EXPERIENCES IN THE ARTS AND SCIENCE FOR ALL PEOPLE OF WEST VIRGINIA AND THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLAY CENTER OFFERS A COMPREHENSIVE ARRAY OF ARTS, SCIENCE, AND INTERDISCIPLINARY PROGRAMMING, AS WELL AS EDUCATIONAL OPPORTUNITIES. BOTH ON AND OFF-SITE PROGRAMS MAY INCLUDE PERFORMANCES, RESIDENCIES, WORKSHOPS, ART EXHIBITIONS, PLANETARIUM DEMONSTRATIONS, LARGE FORMAT FILM SCREENINGS, SPECIAL ART AND/OR SCIENCE DEMONSTRATIONS, SCHOOL AND PUBLIC TOURS OF PERMANENT INTERACTIVE SCIENCE GALLERIES, AND OTHER COMMUNITY OUTREACH OR SPECIAL EVENTS HELD THROUGHOUT THE YEAR. EDUCATIONAL PROGRAMS ARE SUPPLEMENTED BY THE DEVELOPMENT AND DISTRIBUTION OF CUSTOMIZED EDUCATIONAL MATERIALS ALIGNED WITH THE RELEVANT STATE AND NATIONAL ACADEMIC CONTENT STANDARDS FOR PARTICIPATING SCHOOLS AND EDUCATORS. IN ADDITION, ANOTHER SERVICE AREA INCLUDES THE CARE, MAINTENANCE AND ON-GOING ROTATIONAL PUBLIC PRESENTATION OF AN APPROXIMATELY 800 ITEM PERMANENT ART COLLECTION PRIMARILY FOCUSED ON 19TH AND 20TH CENTURY AMERICAN ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Munkith Al-Najjar President And CEO | OfficerTrustee | 37.5 | $182,361 |
Kathy Bush VP Of Development | 37.5 | $112,096 | |
Rebecca Gillispie Coo/cfo | Officer | 37.5 | $103,753 |
Marty Becker Chairsperson | OfficerTrustee | 4 | $0 |
Missy Ruddle 1st Vice Chairperson | OfficerTrustee | 4 | $0 |
Horace Emery Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,000 |
| Related organizations | $0 |
| Government grants | $149,384 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,108,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,318,416 |
| Total Program Service Revenue | $197,400 |
| Investment income | $1,101,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$531,677 |
| Net Gain/Loss on Asset Sales | $4,674,749 |
| Net Income from Fundraising Events | $43,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,906,903 |
| 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. | $475,984 |
| Compensation of current officers, directors, key employees. | $207,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $746,743 |
| Pension plan accruals and contributions | $20,110 |
| Other employee benefits | $143,796 |
| Payroll taxes | $94,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,080 |
| Fees for services: Other | $27,401 |
| Advertising and promotion | $8,180 |
| Office expenses | $32,187 |
| Information technology | $36,435 |
| Royalties | $3,640 |
| Occupancy | $385,763 |
| Travel | $6,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,069 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,664,567 |
| Insurance | $170,370 |
| All other expenses | $9,200 |
| Total functional expenses | $6,805,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,848 |
| Savings and temporary cash investments | $2,909,484 |
| Pledges and grants receivable | $2,168,276 |
| Accounts receivable, net | $238,816 |
| 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 | $406,820 |
| Net Land, buildings, and equipment | $45,394,126 |
| Investments—publicly traded securities | $66,313,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,444,990 |
| Accounts payable and accrued expenses | $440,398 |
| Grants payable | $0 |
| Deferred revenue | $418,805 |
| 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 | $637,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,497,141 |
| Net assets without donor restrictions | $58,002,355 |
| Net assets with donor restrictions | $57,945,494 |
| 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 | $117,444,990 |
Grants Awarded
Over the last fiscal year, Clay Center For The Arts & Sciences Of West Virginia Inc has awarded $273,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Elkins, WV PURPOSE: STEAM EDUCATION | $18,000 |
Hillsboro, WV PURPOSE: STEAM EDUCATION | $18,000 |
Hillsboro, WV PURPOSE: STEAM EDUCATION | $18,000 |
Elkins, WV PURPOSE: STEAM EDUCATION | $18,000 |
POCA MIDDLE SCHOOL - VH1 PURPOSE: STEAM EDUCATION | $17,500 |
POCA MIDDLE SCHOOL - VH1 PURPOSE: STEAM EDUCATION | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Clay Center For The Arts & Sciences Of West Virginia Inc has recieved totaling $213,430.
| Awarding Organization | Amount |
|---|---|
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $207,430 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,500 |
Endowment Analysis
| Beg. Balance | $50,176,681 |
| Earnings | $11,946,055 |
| Admin Expense | $187,080 |
| Net Contributions | $11,045 |
| Other Expense | $1,300,705 |
| Ending Balance | $60,645,996 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,014,637 | $9,678,441 |
Lincoln Park Performing Arts Center Midland, PA | $28,358,003 | $10,070,121 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $117,444,990 | $7,906,903 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $4,346,902 | $4,925,846 |
Baltimores Festival Of The Arts Inc Baltimore, MD | $387,392 | $3,150,537 |
African American Cultural Center Pittsburgh, PA | $13,626,024 | $7,426,276 |
Fringearts Philadelphia, PA | $7,856,143 | $2,556,808 |
Beck Center For The Arts Lakewood, OH | $6,141,410 | $3,166,375 |
Rivers Of Steel Heritage Corporation Homestead, PA | $7,239,080 | $1,708,518 |
Goggle Works Reading, PA | $10,879,680 | $2,143,860 |
The Works Ohio Center Of History Art & Technology Newark, OH | $31,424,058 | $3,210,766 |
Appalshop Inc Whitesburg, KY | $7,853,998 | $2,309,433 |