Visual Arts Foundation Inc in New York, New York (NY)
Table of contents:
| Visual Arts Foundation Inc | |
| Employer Identification Number (EIN) | 136261474 |
| Name of Organization | Visual Arts Foundation Inc |
| Address | 220 E 23rd St Ste 609, New York, NY 10010-4629 |
| Activities | Gifts, grants, or loans to other organizations, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 08/1968 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,296,774 |
| Amount of Income | $265,875 |
| Form 990 Revenue Amount | $265,875 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Arts Service Organizations and Activities |
Non-representatives - add comments:
Amount of income in 2012: $265,875 (it was $301,993 in 2011)
| This organization: | $265,875 |
| Other organizations performing similar types of work: | $272,792 |
Assets in 2012: $2,296,774 (it was $2,063,296 in 2011)
| Visual Arts Foundation Inc: | $2,296,774 |
| Other organizations performing similar types of work: | $286,175 |
Expenses in 2012: $205,968
| This organization: | $205,968 |
| Other organizations performing similar types of work: | $246,212 |
Income to expenses ratio in 2012: 1.3
| This organization: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 72.1%
| This organization: | 72.1% |
| Other organizations performing similar types of work: | 37.3% |
Revenue for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $265,875 |
| Contributions, Gifts, Grants and Other Similar Amounts | $191,819 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $74,056 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $205,968 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $205,968 |
| Balance Sheet (for 2012) | |
| Total assets | $2,296,774 |
| Total liabilities | $72,711 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $72,711 |
| Total net assets or fund balances | $2,224,063 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total Support | $2,718,035 |
| Gifts, grants, contributions, and membership fees received | $2,244,603 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $473,432 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Elizabeth Foundation For The Arts | 323 W 39th St, New York, NY 10018-1411 | NY | 1992-11 | $1,464,201 |
| 2 | Business Committee For The Arts Inc | 29 27 Queens Plaza N 4th Floor, Long Island City, NY 11101-3304 | NY | 1968-03 | $734,598 |
| 3 | Kenkeleba House Inc | 214 E 2nd St, New York, NY 10009-8031 | NY | 1976-01 | $351,958 |
| 4 | Womens Interart Center Inc | 549 W 52nd St, New York, NY 10019-5012 | NY | 1973-05 | $58,736 |
| 5 | Corporation Of Yaddo | PO BOX 395, Saratoga Spgs, NY 12866-0395 | NY | 1979-10 | $7,834,407 |
| 6 | Western Virginia Foundation For The Arts And Sciences, Center In The Square | One Market Square, Roanoke, VA 24011-1429 | VA | 1979-10 | $3,064,533 |
| 7 | Somarts | 934 Brannan St, San Francisco, CA 94103-4906 | CA | 1980-05 | $1,733,556 |
| 8 | Kaatsbaan International Dance Center Inc | PO BOX 482, Tivoli, NY 12583-0482 | NY | 1991-07 | $1,360,961 |
| 9 | South Florida Art Center Inc | 924 Lincoln Rd Ste 205, Miami Beach, FL 33139-2602 | FL | 1986-02 | $950,802 |
| 10 | Richard Tucker Music Foundation Inc | 1790 Broadway Ste 715, New York, NY 10019-1412 | NY | 1975-09 | $850,597 |
| 11 | Volunteer Lawyers For The Arts Inc | 6th Floor, New York, NY 10022 | NY | 1978-05 | $815,863 |
| 12 | Womens Studio Workshop Inc | PO BOX 489, Rosendale, NY 12472-0489 | NY | 1977-11 | $598,580 |
| 13 | Smack Mellon Studios Inc | 92 Plymouth St, Brooklyn, NY 11201-1002 | NY | 1998-06 | $496,818 |
| 14 | Harvestworks Inc | 596 Broadway Ste 602, New York, NY 10012-3396 | NY | 1977-06 | $481,688 |
| 15 | Episcopal Actors Guild Of America Inc | 1 E 29th St, New York, NY 10016-7405 | NY | 1928-04 | $313,886 |
| 16 | Volunteer Lawyers For The Arts Of Massachusetts Inc | 249 A St, Boston, MA 02210-1615 | MA | 1994-10 | $272,792 |
| 17 | Visual Arts Foundation Inc | 220 E 23rd St Ste 609, New York, NY 10010-4629 | NY | 1968-08 | $265,875 |
| 18 | Cultural Alliance Of Fairfield County Inc, Lucretia B Odinak | 301 West Ave, Norwalk, CT 06850-4002 | CT | 2009-04 | $243,256 |
| 19 | The Exhibition Alliance Inc | PO BOX 345, Hamilton, NY 13346-0345 | NY | 1974-01 | $155,261 |
| 20 | Free Range Arts Inc | 358 7th Ave 107, Brooklyn, NY 11215 | NY | 1994-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||
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| Total | 69 | ||||||||||||||||||||||||||||||||||||||||||||
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