Visual Art Institute
- Assets
- $164.6k
- Revenue
- $388.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Salt Lake Cty, UT
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 87-0340155
Organization Overview
Visual Art Institute is located in Salt Lake Cty, UT. The organization was established in 1978. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Visual Art Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visual Art Institute 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, Visual Art Institute generated $388.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $350.7k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VISUAL ART INSTITUTE'S MISSION IS TO FOSTER AND NURTURE CREATIVE ARTISTIC DEVELOPMENT AND PERSONAL GROWTH THROUGH HIGH QUALITY ART INSTRUCTION FOR ALL AGES ABILITIES AND BACKGROUNDS ALONG THE WASATCH FRONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAI SERVES APPROXIMATELY 5,760 CHILDREN TEENS AND ADULTS IN DAILY CLASSES AND PROGRAMMING. AN ADDITIONAL 6,000 ARE SERVED IN FREE COMMUNITY EVENTS AND PROGRAMS SUCH AS THE UTAH ARTS FESTIVAL WORKSHOPS LOCAL EXHIBITIONS COLLABORATIONS PRESENTATIONS AND CLASSES IN LOCAL AREA SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Robertson Executive Director | Trustee | 40 | $63,050 |
Shelley Redford Young | OfficerTrustee | 20 | $40,050 |
Brent Severe Executive Director Interim | OfficerTrustee | 40 | $13,684 |
Hana Janatova Board President | OfficerTrustee | 10 | $0 |
Margaret Griffin | OfficerTrustee | 20 | $0 |
Scotti Hill Board Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,909 |
| Total Program Service Revenue | $170,643 |
| Investment income | $0 |
| 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 | $388,291 |
| 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. | $116,784 |
| Compensation of current officers, directors, key employees. | $9,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,596 |
| Fees for services: Legal | $10,103 |
| Fees for services: Accounting | $7,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,636 |
| Office expenses | $5,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,669 |
| Travel | $5,952 |
| 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 | $5,069 |
| Insurance | $1,621 |
| All other expenses | $10,798 |
| Total functional expenses | $350,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,000 |
| Accounts receivable, net | $2,731 |
| 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 | $20,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,554 |
| Accounts payable and accrued expenses | $19,549 |
| Grants payable | $0 |
| Deferred revenue | $12,010 |
| 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 | $31,559 |
| Net assets without donor restrictions | $119,491 |
| Net assets with donor restrictions | $13,504 |
| 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 | $164,554 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Visual Art Institute has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
David J And Nancy L Mcnallyfoundation Salt Lake City, UT PURPOSE: GENERAL PURPOSE. | $2,000 |
Peer Organizations
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|---|---|---|
Classical Academy Colorado Springs, CO | $97,154,437 | $39,391,484 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Shonto Governing Board Of Education Inc Shonto, AZ | $17,193,292 | $18,993,066 |
Early Light Academy South Jordan, UT | $20,669,504 | $8,816,501 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |