2017-12-20T14:21:34-05:00 2017-06-30 201485301 MEADOWS URQUHART ACREE & COOK LLP 1802 BAYBERRY CT 102 RICHMOND VA 232263773 990 2016-07-01 540721433 THE VISUAL ARTS CENTER OF RICHMOND VISU 8043530094 1812 WEST MAIN STREET RICHMOND VA 23220 STEFANIE FEDOR EXECUTIVE DIRECTOR 8043530094 2017-11-02 true DAVID C ACREE CPA P00485825 8042495786 2017-12-20 977CFCB9C685DC8DED6EB91A22541EBE6B77B20C 639E43D7064DA110D86365B3D40C5518D435221F 2016 2018-03-14 21:41:22Z STEFANIE FEDOR 1812 WEST MAIN STREET RICHMOND VA 23220 1907417 false X WWW.VISARTS.ORG X 1963 VA THE VISUAL ARTS CENTER OF RICHMOND ENGAGES THE COMMUNITY IN THE CREATIVE PROCESS THROUGH THE VISUAL ARTS. 18 18 19 395 0 688292 719957 1026202 1120624 45950 1065 50745 33679 1811189 1875325 0 0 604337 685140 0 307442 1342770 1459667 1947107 2144807 -135918 -269482 5032422 4793204 267010 228654 4765412 4564550 X THE VISUAL ARTS CENTER OF RICHMOND ENGAGES THE COMMUNITY IN THE CREATIVE PROCESS THROUGH THE VISUAL ARTS. false false 912383 779620 EDUCATION: STUDIO CLASS PROGRAMS - FOR YOUTH AND ADULTS TO ENCOURAGE INDIVIDUAL EXPRESSION, SELF-DISCIPLINE, FOCUS AND CREATIVE EXPLORATION. RICHMOND, VA PUBLIC SCHOOL STUDENTS (ELEMENTARY & MIDDLE) RECEIVE FREE ART CLASSES AFTER SCHOOL. WE ALSO OFFER FREE PROGRAMMING FOR SENIORS AND SCHOLARSHIPS FOR PARTICIPANTS IN NEED. 396053 322677 SPECIAL EVENTS INCLUDING CRAFT & DESIGN SHOW AND OTHER SPECIAL PROGRAMS - SHOWCASE WORKS BY PROFESSIONAL ARTISTS. 192029 EXHIBITION PROGRAM - PRESENTS CONTEMPORARY ART THAT MODELS CREATIVE EXCELLENCE. FREE AND OPEN TO THE GENERAL PUBLIC. 194818 22583 OUTREACH: ARTIST STUDIO RENTAL PROGRAM - PROVIDES LOCAL ARTISTS WITH AFFORDABLE CREATIVE SPACE IN A STUDIO SETTING. 194818 22583 1695283 true true false false false false false false false true true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 173 0 true 19 true false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true true false X X X THE ORGANIZATION 8043530094 1812 WEST MAIN STREET RICHMOND VA 23220 KATE ACKERLY DIRECTOR 1.00 X 0 0 0 RIC ARENSTEIN SECRETARY 1.00 X X 0 0 0 NICOLE BIELAWSKI DIRECTOR 1.00 X 0 0 0 MARSHALL O CHAMBERS DIRECTOR 1.00 X 0 0 0 JENNI LEE CROCKER DIRECTOR 1.00 X 0 0 0 KATIE DELUCA DIRECTOR 1.00 X 0 0 0 CN JENKINS JR DIRECTOR 1.00 X 0 0 0 JOSHUA KAYER FACILITIES C 1.00 X X 0 0 0 MICHAEL NEESE DIRECTOR 1.00 X 0 0 0 JOEL RAY DIRECTOR 1.00 X 0 0 0 SUSAN SADID DIRECTOR 1.00 X 0 0 0 CHERYL A SLOKKER SPECIAL EVEN 1.00 X X 0 0 0 ED TRASK DIRECTOR 1.00 X 0 0 0 ANDREW VALERIE TREASURER 1.00 X X 0 0 0 MARK WEBB BOARD CHAIR 1.00 X X 0 0 0 JERE WILLIAMS DIRECTOR 1.00 X 0 0 0 PATTY WILKERSON VICE-CHAIR 1.00 X X 0 0 0 BRUCE A YODER DEV. CHAIR 1.00 X X 0 0 0 STEFANIE FEDOR EXECUTIVE DI 40.00 X 93000 0 5429 93000 5429 false false false 53015 83405 583537 3044 719957 TUITION 611710 779620 779620 SPECIAL PROGRAMS 561499 308073 308073 STUDIO RENTAL 532000 22583 22583 APPLICATION FEES 561499 10348 10348 1120624 1065 1065 29423 29423 29423 29423 32092 32092 4256 4256 4256 1875325 1124880 30488 X 98428 75790 4921 17717 510350 392969 25518 91863 31457 24222 1573 5662 44905 34577 2245 8083 76525 59461 6270 10794 550563 424874 31811 93878 83910 65200 6875 11835 61215 53309 4261 3645 212827 165369 17439 30019 12348 5478 6578 292 351 351 140629 112504 7031 21094 15877 12337 1301 2239 PROGRAM SUPPLIES 126786 113823 12795 168 MEALS & ENTERTAINMENT 105264 101923 2138 1203 OTHER SUPPLIES 63099 49301 4848 8950 MISC EXPENSE 4427 2948 1479 5846 1198 4648 2144807 1695283 142082 307442 106460 7234 40000 9000 2850 1100 21079 5933 5773965 1783809 4125710 3990156 736323 779781 5032422 4793204 60656 32923 166071 173755 15088 3106 25195 18870 267010 228654 X 4005218 3793673 118186 96035 642008 674842 4765412 4564550 5032422 4793204 -269482 68620 X false true X true false X 695212 662587 718139 688292 719957 3484187 695212 662587 718139 688292 719957 3484187 484387 2999800 5812 28738 18262 38298 30488 121598 3605785 5091322 0.83190 0.80750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 627008 6000 64926 32092 665842 685732 8000 -36234 30490 627008 708553 2000 27220 52041 685732 611400 6838 90315 708553 559181 19800 54885 22466 611400 1.00000 true false 513744 513744 4802225 1387733 3414492 168765 161886 6879 289231 234190 55041 3990156 THE IMAGINE FUND 340250 JO B KENNEDY FUND 190475 THE 1812 FUND 113939 C. WEINSTEIN CRTV WRTG ENDWMNT 61094 SHELLY SHEPHERD MASTER TEACHER 40384 LESLIE SHIEL SCHOLARSHIP 33639 779781 ACCRUED LEAVE 18595 SECURITY DEPOSITS 180 SALES TAX PAYABLE 95 18870 X 2048379 67705 105349 173054 1875325 1875325 2250156 105349 105349 2144807 2144807 SCHEDULE D, PAGE 2, PART V, LINE 4 ON MARCH 17, 2010, THE CENTER'S BOARD OF DIRECTORS ENTERED INTO AN AGREEMENT WITH THE COMMUNITY FOUNDATION (TCF) TO CREATE AGENCY FUNDS AS DESCRIBED UNDER FASB ASC 958, NOT-FOR-PROFIT ENTITIES (FORMERLY FASB STANDARD NO. 136, TRANSFERS OF ASSETS TO A NOT-FOR-PROFIT CENTER OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS). THE FUNDS WERE TITLED THE IMAGINE FUND FOR THE VISUAL ARTS CENTER OF RICHMOND, THE JO BOWMAN KENNEDY ENDOWMENT FUND, THE CAROLE WEINSTEIN ENDOWMENT FOR CREATIVE WRITING FUND, AND THE LESLIE SHIEL SCHOLARSHIP IN CREATIVE WRITING FUND. THE JO BOWMAN KENNEDY ENDOWMENT FUND IS A PERMANENTLY RESTRICTED ENDOWMENT CREATED TO HONOR JO BOWMAN KENNEDY, THE CENTER'S FORMER PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE CAROLE WEINSTEIN ENDOWMENT FOR CREATIVE WRITING FUND AND THE LESLIE SHIEL SCHOLARSHIP IN CREATIVE WRITING FUND WERE TEMPORARILY RESTRICTED FUNDS SET ASIDE FOR FUTURE DONOR STIPULATED PURPOSES AND THE IMAGINE FUND CONSISTS OF FUNDS WITH NO DONOR IMPOSED RESTRICTIONS. ON JULY 15, 2011 A GIFT WAS RECEIVED TO SET UP AN ADDITIONAL FUND CALLED THE SHELLY SHEPHERD MASTER TEACHER AWARD ENDOWMENT. DUE TO THE TERMS OF THE AGREEMENT WITH TCF ALL OF THESE FUNDS ARE DESIGNATED AS PERMANENTLY RESTRICTED. SCHEDULE D, PAGE 3, PART X THE CENTER IS A VIRGINIA NOT-FOR-PROFIT CORPORATION WHICH IS NOT CLASSIFIED AS A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CENTER APPLIES FASB GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE STANDARD ALSO PROVIDES GUIDANCE ON PENALTIES AND INTEREST, CLASSIFICATION, AND DISCLOSURE. THE CENTER HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS. THE CENTER'S INCOME TAX RETURNS FOR YEARS SINCE 2014 REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. FORM 990, PAGE 2, PART III, LINE 4D OUTREACH: ARTIST STUDIO RENTAL PROGRAM - PROVIDES LOCAL ARTISTS WITH AFFORDABLE CREATIVE SPACE IN A STUDIO SETTING. FORM 990, PAGE 6, PART VI, LINE 11B ELECTRONIC COPY OF FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ALL RESPONSIBLE PERSONS ARE REQUIRED TO ACKNOWLEDGE REVIEW OF POLICY IN WRITING AND COMPLETE AN ANNUAL DISCLOSURE. POLICY IS REVIEWED ANNUALLY BY BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE DIRECTOR'S SALARY DETERMINED BY ANNUAL REVIEW OF BOARD OF DIRECTORS COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15B EXECUTIVE DIRECTOR ANNUALLY REVIEWS KEY EMPLOYEES AND ADJUSTS SALARIES AS CONSIDERED NECESSARY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G RECRUITING 564 59 102 CONSULTING 9,796 1,033 1,778 CONTRACT SERVICES 75,370 7,948 13,682 HONORARIUM 16,785 1,770 3,047 PROF SERVICES - OTHER 1,675 177 304 INSTRUCTORS 320,684 20,824 74,965 TOTAL 424,874 31,811 93,878