VERMONT ARTS EXCHANGE

Address
PO BOX 725
N BENNINGTON, VT 05257-0725
Contact
Website: http://www.vtartxchange.org
Phone: +1 (802) 442-5549
Nonprofit
NTEE: A26 - Arts Council/Agency
EIN: 03-0343015

Mission

Vermont Arts Exchange provides unique arts services and programs. These educational programs and projects unite citizens and artists, enhance neighborhoods and schools, and integrate at-risk and low-income participants of all ages.
 20152014201320122011
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel  $60,000.00 $60,000.00
Sum of reportable (W2/1099) compensation  $60,000.00 $60,000.00
Number of employees  2 1
Number of people compensated >$100k  0 0
Number of volunteers  75 50
Number of highly compensated contractors  0  
Personnel
Beekman, Philip
Title    Treasurer
Name of key/compensated person    Philip Beekman
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    0.60
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Howe, Robert
Title  President President
Name of key/compensated person  Robert Howe Robert Howe
Position of compensated person
Current individual trustee or director  True True
Current officer  True True
Average hours per week working for org  0.80 0.80
Reportable compensation from org  $0.00 $0.00
Other comp, non-reportable, from org and related orgs  $0.00 $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00 $0.00
Martin, Thomas
Title  Director  
Name of key/compensated person  Thomas Martin  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  0.60  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Monks, David
Title  Treasurer Director
Name of key/compensated person  David Monks David Monks
Position of compensated person
Current individual trustee or director  True True
Current officer  True  
Average hours per week working for org  0.60 0.60
Reportable compensation from org  $0.00 $0.00
Other comp, non-reportable, from org and related orgs  $0.00 $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00 $0.00
Perry, Matthew
Title  Artistic Director Artistic Director
Name of key/compensated person  Matthew Perry Matthew Perry
Position of compensated person
Average hours per week working for org  40.00 40.00
Reportable compensation from org  $60,000.00 $60,000.00
Other comp, non-reportable, from org and related orgs  $0.00 $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00 $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities  Vermont Arts Exchange provides unique arts services and programs. These educational programs and projects unite citizens and artists, enhance neighborhoods and schools, and integrate at-risk and low-income participants of all ages. Vermont Arts Exchange provides unique arts services and programs. These educational programs and projects unite citizens and artists, enhance neighborhoods and schools, and integrate at-risk and low-income participants of all ages.
Program service expenses, total  $127,524.00 $215,576.00
Programs, including revenue & expenses
Education Partnership & Outreach: Provides high quality interactive arts education programs for youth ages 3 and up. Year-round programs take place during the school day, after school, and during school vacations at a variety of accessible locations. Targeted programs and services, including summer art camps, are provided to mainstream youth; as well as, institutionalized and/or at-risk youth and include service learning programs.
Program expenses  $84,181.00 $211,972.00
Program revenue  $96,510.00 $101,558.00
Program description  Education Partnership & Outreach: Provides high quality interactive arts education programs for youth ages 3 and up. Year-round programs take place during the school day, after school, and during school vacations at a variety of accessible locations. Targeted programs and services, including summer art camps, are provided to mainstream youth; as well as, institutionalized and/or at-risk youth and include service learning programs. Education Partnership & Outreach: Provides high quality interactive arts education programs for youth ages 3 and up. Year-round programs take place during the school day, after school, and during school vacations at a variety of accessible locations. Targeted programs and services, including summer art camps, are provided to mainstream youth; as well as, institutionalized and/or at-risk youth and include service learning programs.
Music Series: Brings high quality, culturally diverse music experiences and musicians to rural communities in Bennington County, Vermont. Music series educates citizens about different world cultures and traditions through music. Partnering with area businesses helps to stimulate cultural activity and improve local neighborhoods. Also, provides performance opportunities and showcase for local Vermont musicians.
Program expenses  $43,343.00 $3,604.00
Program revenue  $35,365.00 $20,946.00
Program description  Music Series: Brings high quality, culturally diverse music experiences and musicians to rural communities in Bennington County, Vermont. Music series educates citizens about different world cultures and traditions through music. Partnering with area businesses helps to stimulate cultural activity and improve local neighborhoods. Also, provides performance opportunities and showcase for local Vermont musicians. Music Series: Brings high quality, culturally diverse music experiences and musicians to rural communities in Bennington County, Vermont. Music series educates citizens about different world cultures and traditions through music. Partnering with area businesses helps to stimulate cultural activity and improve local neighborhoods. Also, provides performance opportunities and showcase for local Vermont musicians.
Financial data
Revenue
Total revenue  $246,448.00 $222,359.00
Revenue from contributions (total)$87,745.00$88,193.00$102,990.00$54,874.00$82,564.00
Investment income, current yr  $1,389.00 $4,575.00
Total revenue from grants, etc., current yr  $102,990.00 $82,564.00
Total unrelated business revenue  $0.00 $0.00
Other revenue, current yr  $10,194.00 $12,716.00
Program service revenue (total)$132,561.00$141,477.00$131,875.00$153,635.00$122,504.00
Gross receipts  $246,448.00 $249,796.00
Sources of contributions
Contributions revenue from membership dues  $10,200.00  
Revenue from all other contributions  $92,790.00 $82,564.00
Other types of revenue
Royalties (total)  $0.00 $0.00
Miscellaneous revenue (total)  $647.00 $0.00
Net revenue from gaming (total)  $0.00 $0.00
Income from dividends, interest, and similar investments  $1,389.00 $2,813.00
Net rental income$0.00$5,750.00$4,430.00$3,410.00$11,048.00
Net income from fundraising events  $0.00 $0.00
Net inventory sales (total)  $5,117.00 $1,668.00
Expense categories (totals)
Total functional expenses: sum of all  $293,119.00 $235,579.00
Total functional expenses: program service   $127,524.00 $215,576.00
Total functional expenses: management and general  $137,684.00 $20,003.00
Total functional expenses: fundraising  $27,911.00 $0.00
Fees for services
Lobbying fees (total)  $0.00 $0.00
Legal fees (total)  $1,600.00 $228.00
Fundraising service fees (total)  $0.00 $0.00
General management fees (total)  $0.00 $0.00
Investment management fees (total)  $210.00 $0.00
Assets and liabilities
Total assets$72,020.00$240,784.00$269,826.00$295,712.00$321,831.00
Total assets, beginning of year  $295,712.00 $334,089.00
Total liabilities$2,007.00$21,630.00$27,389.00$12,480.00$7,078.00
Total liabilities, beginning of year  $12,480.00 $6,313.00
Pledges & accounts receivable, net  $0.00 $0.00
Loans & receivables from key persons  $0.00 $0.00
Unrestricted net assets, end of yr  $242,437.00 $314,753.00
Net assets  $242,437.00 $314,753.00
Net assets, beginning of year  $283,232.00 $327,776.00
Other liabilities  $1.00  
Intangible assets  $0.00 $0.00
Other assets  $0.00 $0.00
Investments: other securities  $0.00 $0.00
Investments: publicly traded securities  $71,635.00 $98,044.00
Cash: non-interest bearing  $12,848.00 $25,214.00
Cash: non-interest bearing, beginning of year  $26,474.00 $10,301.00
Investments -- program-related  $0.00 $0.00
Inventories for sale or use  $1,199.00 $0.00
Other financial variables
Revenue less expenses  -$46,671.00 -$13,220.00
Advertising (total)  $0.00 $0.00
Savings & temp cash investment  $0.00 $0.00
Accounts receivable, net  $11,243.00 $9,163.00
Prepaid expenses & deferred charges  $1,157.00 $1,414.00
Accounts payable & accrued expenses  $27,084.00 $7,078.00
Deferred revenue  $304.00  
Total net assets or fund balances  $242,437.00 $314,753.00
Depreciation, depletion, amortization  $8,106.00 $8,404.00
Payment to affiliates  $0.00 $0.00
Governance and accountability
Number of voting members  3 3
Number of independent voting members  3 3
Accrual accounting  True True
Tax year start date  2013-01-01 2011-01-01
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF  990 990
Date e-filing submitted  2014-12-02 2012-11-05
IRS schema version  2013v3.1 2011v1.2
Filing identifier  201413109349301211 201232239349300513
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