Ix Art Park Foundation
- Assets
- $1.4m
- Revenue
- $802.1k
- Investments
- $0.0
- Employees
- 31
- Location
- Charlottesville, VA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 83-3099795
Organization Overview
Ix Art Park Foundation is located in Charlottesville, VA. The organization was established in 2019. As of 12/2023, Ix Art Park Foundation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ix Art Park Foundation 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, Ix Art Park Foundation generated $802.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $853.6k during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF IX ART PARK FOUNDATION IS TO SPARK CREATIVITY AND INSPIRATION IN PEOPLE'S EVERYDAY LIVES. LOCATED IN AN OPPORTUNITY ZONE, IX ART PARK IS A 24-HOUR FREE OUTDOOR MURAL AND SCULPTURE PARK THAT SEEKS TO EMPOWER ITS COMMUNITY BY BUILDING WELCOMING SPACES THAT ENCOURAGE EVERYONE TO EXIST CREATIVELY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EMPHASIZES ARTISTIC EXCELLENCE WITH AN ARRAY OF CURATED ART INSTALLATIONS AS WELL AS FREE ART SUPPLIES TO ENCOURAGE PEOPLE OF ALL AGES TO ENGAGE IN THEIR OWN FORM OF ARTISTIC EXPRESSION. IN 2022, THE IX ART PARK WELCOMED OVER 290,000 VISITORS. IN ADDITION, THE FOUNDATION BUILT THE LOOKING GLASS, VIRGINIA'S FIRST PERMANENT IMMERSIVE ART EXPERIENCE. THE LOOKING GLASS HAS EMPLOYED OVER 25 OUTSTANDING LOCAL AND REGIONAL ARTISTS PRESENTING VISUAL ARTS IN A NEW AND INNOVATIVE WAY, INCLUDING INTERACTIVE EXHIBITS USING SOUND, LIGHT, COLOR AND TEXTURE TO ACTIVATE THE IMAGINATION AND TO APPEAL TO ALL OF THE HUMAN SENSES. IX ART PARK ALSO MAINTAINS A ROBUST CALENDAR OF COMMUNITY EVENTS AND FESTIVALS, WHICH INCLUDES A WEEKLY MARKET THAT CELEBRATES LOCAL ARTISANS, PRODUCER-ONLY FARMERS, WOMEN IN BUSINESS, IMMIGRANTS, AND BIPOC ENTREPRENEURS. IX ART PARK CURATES AND MAINTAINS THE MURAL AND SCULPTURE ENVIRONMENT THAT MAKE THE OUTDOOR PIAZZA VISUALLY CAPTIVATING AND CAN SERVE AS A PASSIVE ART PARK FOR VISITORS OR COME TO LIFE DURING COMMUNITY EVENTS. OUR GOAL IS TO BE MORE INCLUSIVE TO PEOPLE OF ALL BACKGROUNDS THAT WE WELCOME TO THE PARK AND THE LOOKING GLASS AND TO INCREASE DIVERSE AND EXCEPTIONAL ARTIST PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Krischel President | OfficerTrustee | 40 | $0 |
Michael Caplin Vice-Preside | OfficerTrustee | 1 | $0 |
Kate Byrne Secretary | OfficerTrustee | 1 | $0 |
Craig Redinger Treasurer | OfficerTrustee | 1 | $0 |
Anne Hunter Member | Trustee | 1 | $0 |
David Gies Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,362 |
| Total Program Service Revenue | $598,898 |
| Investment income | $40,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $802,069 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,253 |
| Payroll taxes | $32,857 |
| Fees for services: Management | $14,495 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,244 |
| Advertising and promotion | $51,092 |
| Office expenses | $5,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,964 |
| Travel | $2,154 |
| 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 | $10,319 |
| Insurance | $31,813 |
| All other expenses | $29,454 |
| Total functional expenses | $853,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,685 |
| Savings and temporary cash investments | $0 |
| 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 | $17,874 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $38,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,261,445 |
| Total assets | $1,355,397 |
| 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 | $147,330 |
| Total liabilities | $147,330 |
| Net assets without donor restrictions | $1,208,067 |
| 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 | $1,355,397 |