Village Art Club Inc
- Assets
- $569.9k
- Revenue
- $24.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 71-0502726
Organization Overview
Village Art Club Inc is located in Bentonville, AR. The organization was established in 1993. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. Village Art Club 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, Village Art Club Inc generated $24.2k 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 (26.5%) each year. All expenses for the organization totaled $102.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND PROVIDE SUPPORT FOR ARTISTS AND ARTISANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAVE SCHOLARSHIPS TO STUDENTS TO PURSUE THEIR ART DEGREE STUDIES AND GRANTS TO LOCAL ART PROGRAMS IN ELEMENTARY SCHOOLS
WISHING SPRING GALLERY - PROVIDE VENUE FOR SALE OF MEMBER ART AND CRAFT ITEMS
THE CLAY STUDIO - PROVIDE ON-GOING ART EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pearl Williamson Gallery Director | Officer | 15 | $3,000 |
Denise Williamsen Studio Director | Officer | 10 | $1,000 |
Bill Croft 2nd VP | Officer | 15 | $1,000 |
Dustie Meads Scholarships Director | Officer | 1 | $0 |
Margaret Rost Publicity Director | Officer | 2 | $0 |
Heather Grills Education Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,179 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,179 |
| Total Program Service Revenue | $249 |
| Investment income | $14,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,493 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,804 |
| Fees for services: Other | $7,352 |
| Advertising and promotion | $7,164 |
| Office expenses | $2,351 |
| Information technology | $1,489 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $102,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,103 |
| Savings and temporary cash investments | $47,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $508,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,919 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $569,919 |
| Net assets with donor restrictions | $0 |
| 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 | $569,919 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Village Art Club Inc has recieved totaling $56,000.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: NON-PROFIT OPERATING EXPENSES | $50,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO REIMBURSE SCHOLARSHIP PAYMENTS | $6,000 |
Endowment Analysis
| Beg. Balance | $258,817 |
| Earnings | -$15,646 |
| Admin Expense | $2,589 |
| Ending Balance | $240,582 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Painting & Decorating Contractors Of America Maryland Heights, MO | $1,053,782 | $1,259,349 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Rabbit Room Inc Franklin, TN | $2,342,390 | $941,267 |