Better Business Bureau Report for
Visual Arts Center of Richmond

Better Business Bureau Report issued May 2011
Better Business Bureau Report expires May 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Visual Arts Center of Richmond
Address: 1812 W. Main Street
  Richmond, VA 23220
Phone: 804-353-0094
Web Address: www.visarts.org
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Better Business Bureau Comments

Formerly known as:Hand Workshop Art Center

Year, State Incorporated: 1963, Virginia
Affiliates: None
Stated Purpose: To be a regional visual arts organization providing educational services including programs for disadvantaged seniors and youth

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Evaluation Conclusions

               

Visual Arts Center of Richmond meets the 20 Standards for Charity Accountability.
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Programs

               

The Visual Arts Center of Richmond engages the community in the creative process through workshops, classes, exhibitions and outreach programs. Adult Studio Classes- The Center offers 479 classes in a variety of visual art mediums. In 2010, 2,183 individual students signed up for classes.

For the fiscal year ended June 30, 2010, Visual Arts Center of Richmond's program expenses were:

  
classes 635,852
special programs 223,400
marketing/pr 163,571
exhibitions 152,196
studio rental 27,177
Total Program Expenses: $1,202,196
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Governance

               

Chief Executive : Samuel Davis III, President and CEO
Compensation*:
 $115,000

Chair of the Board: Anne M Grier
Chair's Profession / Business Affiliation: retired from Dominion Resources

Board Size: 26

Paid Staff Size: 14

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, radio, grant proposals, internet, planned giving arrangements, membership
Fund raising costs were 25% of related contributions. (Related contributions, which totaled $1,166,707, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Visual Arts Center of Richmond's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
public support-contributions 862,183
class tuition/supplies 581,484
special programs 209,771
fees/grants from govermental agencies 94,753
other 37,205
studio rental 14,428
interest 9,892
unrealized loss in investments -5,603
loss on assets held at TCF -6,002
Total Income $1,798,111


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Uses of Funds as a % of Total Expenses

Programs: 68%  Fund Raising: 16%  Administrative: 16% 

Total income   $1,798,111
  Program expenses $1,202,196
  Fund raising expenses 288,194
  Administrative expenses 293,897
 
Total expenses   $1,784,287
Income in Excess of Expenses   13,824
Beginning net assets   5,669,927
Ending net assets   5,683,751
Total liabilities   135,879
Total assets   $5,819,630


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