VISUAL ARTS CENTER ENDOWMENT TRUST INC

Address
210 MAUDE ST
PUNTA GORDA, FL 33950
Contact
Phone: +1 (941) 639-0888
Nonprofit
NTEE: A20 - Arts, Cultural Organizations - Multipurpose
EIN: 26-3606606

Mission

THE VISUAL ARTS CENTER ENDOWMENT TRUST, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO RECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSETS TO MANAGE THOSE ASSETS AND TO DISTRIBUTE THE PROCEEDS OF THEIR MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD IN ORDER TO SUPPORT THE ART GUILD IN PROMOTING THE ADVANCEMENT OF AND APPRECIATION FOR THE VISUAL ARTS IN CHARLOTTE COUNTY FLORIDA. THE GOAL OF THE TRUST IS TO ESTABLISH A PREPETUAL ASSET BASE, THE INCOME FROM WHICH WILL BE USED TO FURTHER THE GOALS OF THE ART GUILD AND TO CARRY ON ANY LAWFUL PURPOSE OR PURPOSES NOT FOR PECUNIARY PROFIT WHICH MAY BE DONE BY A NOT-FOR-PROFIT CORPORATION ORGANIZED AND EXISTING UNDER AND BY VIRTUE OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT, FLORIDA STATUTES, CHAPTER 617 (2003), AS AMMENDED, NOT SPECIFICALLY PROHIBITED BY ANY OTHER LAWS OF FLORIDA, AND WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING CHARITABLE, EDUCATIONAL, HISTORICAL, AND CULTURAL PURPOSES.
 201820172016
Basic features of the organization
Year of formation2008
Subsection501(c)(3)
Organization typeCorporation
Metropolitan statistical area6580
Human resources, including compensation
Summary compensation info
Number of employees000
Personnel
Bovell, Becky
TitlePRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personBECKY BOVELLBECKY BOVELLBECKY BOVELL
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Callaghan, Keith
TitleRECORDING SERECORDING SERECORDING SE
Name of key/compensated personKEITH CALLAGHANKEITH CALLAGHANKEITH CALLAGHAN
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Calvino, Stacy
Title  DIRECTOR
Name of key/compensated person  STACY CALVINO
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Carroll, Ingrid
TitleDIRECTORDIRECTOR 
Name of key/compensated personINGRID CARROLLINGRID CARROLL 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Desenfants, Ketherine
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personKETHERINE DESENFANTSKETHERINE DESENFANTSKETHERINE DESENFANTS
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Durig, Rebecca
TitleDIRECTOR EMEDIRECTOR EMEDIRECTOR
Name of key/compensated personREBECCA DURIGREBECCA DURIGREBECCA DURIG
Average hours per week working for org0.00  
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Emerich, Guy
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personGUY EMERICHGUY EMERICHGUY EMERICH
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Geronime, Jane
Title  COORESPONDIN
Name of key/compensated person  JANE GERONIME
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Henry, Denise
TitleCOORESPONDINCOORESPONDINDIRECTOR
Name of key/compensated personDENISE HENRYDENISE HENRYDENISE HENRY
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Kedir, Friza
TitleDIRECTORDIRECTOR 
Name of key/compensated personFRIZA KEDIRFRIZA KEDIR 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Krasny, Sue
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personSUE KRASNYSUE KRASNYSUE KRASNY
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
McQueen, Paula
TitleVPVPVP
Name of key/compensated personPAULA MCQUEENPAULA MCQUEENPAULA MCQUEEN
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Olsen, Ronald
TitleTREASURERTREASURERTREASURER
Name of key/compensated personRONALD OLSENRONALD OLSENRONALD OLSEN
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesTHE VISUAL ARTS CENTER ENDOWMENT TRUST, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO RECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSETS TO MANAGE THOSE ASSETS AND TO DISTRIBUTE THE PROCEEDS OF THEIR MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD IN ORDER TO SUPPORT THE ART GUILD IN PROMOTING THE ADVANCEMENT OF AND APPRECIATION FOR THE VISUAL ARTS IN CHARLOTTE COUNTY FLORIDA. THE GOAL OF THE TRUST IS TO ESTABLISH A PREPETUAL ASSET BASE, THE INCOME FROM WHICH WILL BE USED TO FURTHER THE GOALS OF THE ART GUILD AND TO CARRY ON ANY LAWFUL PURPOSE OR PURPOSES NOT FOR PECUNIARY PROFIT WHICH MAY BE DONE BY A NOT-FOR-PROFIT CORPORATION ORGANIZED AND EXISTING UNDER AND BY VIRTUE OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT, FLORIDA STATUTES, CHAPTER 617 (2003), AS AMMENDED, NOT SPECIFICALLY PROHIBITED BY ANY OTHER LAWS OF FLORIDA, AND WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING CHARITABLE, EDUCATIONAL, HISTORICAL, AND CULTURAL PURPOSES.THE VISUAL ARTS CENTER ENDOWMENT TRUST, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO RECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSETS TO MANAGE THOSE ASSETS AND TO DISTRIBUTE THE PROCEEDS OF THEIR MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD IN ORDER TO SUPPORT THE ART GUILD IN PROMOTING THE ADVANCEMENT OF AND APPRECIATION FOR THE VISUAL ARTS IN CHARLOTTE COUNTY FLORIDA. THE GOAL OF THE TRUST IS TO ESTABLISH A PREPETUAL ASSET BASE, THE INCOME FROM WHICH WILL BE USED TO FURTHER THE GOALS OF THE ART GUILD AND TO CARRY ON ANY LAWFUL PURPOSE OR PURPOSES NOT FOR PECUNIARY PROFIT WHICH MAY BE DONE BY A NOT-FOR-PROFIT CORPORATION ORGANIZED AND EXISTING UNDER AND BY VIRTUE OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT, FLORIDA STATUTES, CHAPTER 617 (2003), AS AMMENDED, NOT SPECIFICALLY PROHIBITED BY ANY OTHER LAWS OF FLORIDA, AND WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING CHARITABLE, EDUCATIONAL, HISTORICAL, AND CULTURAL PURPOSES.THE VISUAL ARTS CENTER ENDOWMENT TRUST, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO RECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSETS TO MANAGE THOSE ASSETS AND TO DISTRIBUTE THE PROCEEDS OF THEIR MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD IN ORDER TO SUPPORT THE ART GUILD IN PROMOTING THE ADVANCEMENT OF AND APPRECIATION FOR THE VISUAL ARTS IN CHARLOTTE COUNTY FLORIDA. THE GOAL OF THE TRUST IS TO ESTABLISH A PREPETUAL ASSET BASE, THE INCOME FROM WHICH WILL BE USED TO FURTHER THE GOALS OF THE ART GUILD AND TO CARRY ON ANY LAWFUL PURPOSE OR PURPOSES NOT FOR PECUNIARY PROFIT WHICH MAY BE DONE BY A NOT-FOR-PROFIT CORPORATION ORGANIZED AND EXISTING UNDER AND BY VIRTUE OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT, FLORIDA STATUTES, CHAPTER 617 (2003), AS AMMENDED, NOT SPECIFICALLY PROHIBITED BY ANY OTHER LAWS OF FLORIDA, AND WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING CHARITABLE, EDUCATIONAL, HISTORICAL, AND CULTURAL PURPOSES.
Program expenses (total)$10,788.00$31,006.00$65,000.00
Programs, including revenue & expenses
RECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSSETS TO MANAGE AND TO DISTRIBUTE THE PROCEEDS OF THE MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD,INC.
Program expenses$10,788.00$31,006.00$65,000.00
Grants and allocations made$1,738.00$31,006.00$65,000.00
Program revenue$25,041.00  
Program descriptionRECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSSETS TO MANAGE AND TO DISTRIBUTE THE PROCEEDS OF THE MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD,INC.RECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSSETS TO MANAGE AND TO DISTRIBUTE THE PROCEEDS OF THE MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD,INC.RECEIVE CHARITABLE BEQUESTS AND DEVICES AS ASSSETS TO MANAGE AND TO DISTRIBUTE THE PROCEEDS OF THE MANAGEMENT TO THE CHARLOTTE COUNTY ART GUILD,INC.
Financial data
Expense categories (totals)
Sum (total functional expenses)$12,264.00$43,437.00$77,172.00
Program services (total functional expenses)$10,788.00$31,006.00$65,000.00
Management & general (total functional expenses)$1,476.00$12,431.00$12,172.00
Fundraising (total functional expenses)$0.00$0.00$0.00
Revenue
Total revenue$80,072.00$27,983.00$31,700.00
Program service revenue (total)  $0.00
Revenue from contributions (total)$9,688.00$22,732.00$12,073.00
Investment income$65,262.00$5,251.00$12,067.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$5,122.00$0.00$7,560.00
Total revenue from grants, etc., current yr$9,688.00$22,732.00$12,073.00
Gross receipts$853,029.00$2,643,596.00$1,192,351.00
Sources of contributions
Revenue from all other contributions$9,688.00$22,732.00$12,073.00
Other types of revenue
Income from dividends, interest, and similar investments$10,231.00$18,396.00$8,539.00
Net rental income  $0.00
Net income from fundraising events$5,122.00 $7,560.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00
Investment management fees (total)$9,050.00$9,652.00$9,045.00
Assets and liabilities
Total assets$873,545.00$805,737.00$716,651.00
Total assets, beginning of year$805,737.00$716,651.00$819,124.00
Total liabilities$0.00$0.00$0.00
Net assets$873,545.00$805,737.00$716,651.00
Net assets, beginning of year$805,737.00$716,651.00$819,124.00
Investments: publicly traded securities$854,842.00$800,697.00$710,731.00
Other financial variables
Revenue less expenses$67,808.00-$15,454.00-$45,472.00
Savings & temp cash investment$18,703.00$5,040.00$5,920.00
Total net assets or fund balances$873,545.00$805,737.00$716,651.00
Governance and accountability
Number of voting members101013
Number of independent voting members101013
Tax year start date2017-06-012016-06-012015-06-01
Tax year end date2018-05-312017-05-312016-05-31
Accounting methodCashCashCash
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k TrueTrue
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-10-252017-10-272016-12-08
IRS schema version2017v2.32016v3.02015v2.1
Filing identifier201812369349300226201722299349300922201642039349300854
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