Virginians for the Arts Foundation
Nonprofit profile at a glance
- EIN
- 201007390
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Richmond, VA, USA
- Phone
- 8045019320
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $39,914
- Expenses
- $56,395
- Assets
- $20,484
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- BRETT BONDA (PRESIDENT)
People named in this filing
- BRETT BONDA (PRESIDENT)
- EMILY SMITH (VICE PRESIDE)
- SCOTT GARKA (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Virginians for the arts engages virginians in a united advocacy effort to protect and increase public support for the arts. Virginians for the arts: 1. Advocates for increased public funding for the Virginia commission for the arts and the national endowment for the arts. 2.pursues legislative actions that will improve conditions for the arts and artists, and discourages legislation that would adversely affect virginias arts industry. 3.communicates regularly and effectively with our membership of artists, arts organizations and citizens statewide about advocacy issues and opportunities. 4.works to increase the public value of, and appreciation for, the arts in Virginia.
What it reported doing in 2024
Virginians for the arts (vfta) advances the arts in the commonwealth of Virginia by increasing public awareness of the important contributions the arts make to the life, culture, and economy of the state. Vfta advocates for public funding for the Virginia commission for the arts, which makes operating grants essential to the states arts organizations. Members and contributors are arts organizations and individual advocates for the arts throughout Virginia. Virginians for the arts does the following: produces and distributes educational materials that support and promote artists and art organizations, that foster understanding of issues, and that encourage their appreciation conducts public relations campaigns advocates for increased funding for the Virginia commission for the arts, benefiting artists and arts organizations . Employs professional legislative counsel to conduct a variety of advocacy campaigns throughout the year, which encourage legislative actions that improve conditions for the arts and artists and discourage legislation that would adversely affect the arts conducts the annual legislative reception and arts advocacy day at the capitol vfta serves as the federal state captain for americans for the arts and works to educate federal elected officials as to the value of the creative economy in Virginia. Provides advocates throughout Virginia news alerts to keep them advised about important news and legislation affecting the arts in the state
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 82
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.9%; rating input score 78
- Program expense ratio: 55.1%; rating input score 55
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -41.3%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -14.6% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -12% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -15.2% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 77.9% of revenue deployed · 55.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $31K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.