Provident Art Trust in Charlottesville, Virginia (VA)

Organization representatives - add corrected or new information about Provident Art Trust »

Non-representatives - add comments about Provident Art Trust»

Provident Art Trust
Employer Identification Number (EIN)223058898
Name of OrganizationProvident Art Trust
AddressCharlottesville, VA 22902
Tax Period2001
Asset Amount$19,567,989
Amount of Income$145,059
Form 990 Revenue Amount$145,059
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution


Non-representatives - add comments:


CAPTCHA

Your IP address 3.236.111.234 will be logged.

Amount of income in 2001: $145,059
This organization: 

 $145,059
Other organizations performing similar types of work: 

 $1,625,924

Assets in 2001: $19,567,989
This organization: 

 $19,567,989
Other organizations performing similar types of work: 

 $5,186,309

Expenses in 2001: $508,255
This organization: 

 $508,255
Other organizations performing similar types of work: 

 $720,340

Income to expenses ratio in 2001: 0.3
This organization: 

 0.3
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2001: 86.9%
This organization: 

 86.9%
Other organizations performing similar types of work: 

 85.4%

Grants share in income in 2001: 0.0%
Provident Art Trust: 

 0.0%
Other organizations performing similar types of work: 

 13.0%

Financial snapshot ($)

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$2,819,887$145,059
Contributions, gifts, grants, and similar amounts received$0$0
Contributions to donor advised funds
Direct public support$0$0
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$989,990$680,112
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$1,829,897$-535,053
Gross amount from sales of assets other than inventory$5,827,881$1,087,525
Less: cost or other basis and sales expenses$3,997,984$1,622,578
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$0$0
Total expenses$1,123,501$508,255
Program services$1,050,764$441,704
Management and general$72,737$66,551
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$19,868,020$19,567,989
Excess or (deficit) for the year$1,696,386$-363,196
Net assets or fund balances at beginning of year$18,171,634$19,868,020
Other changes in net assets or fund balances$0$63,165
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$508,255$441,704$66,551$0
Grants paid from donor advised funds
Other grants and allocations$441,704
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$4,806$0$4,806$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$61,745$0$61,745$0
Balance Sheets
20002001
Total assets$19,868,020$19,567,989
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$1,101,377$816,388
Accounts receivable less allowance for doubtful accounts$0$0
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Investments - publicly-traded securities
Investments - other securities$18,766,643$18,751,601
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$0$0
Other assets, including program-related investments$0$0
Total liabilities$0$0
Accounts payable and accrued expenses$0$0
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$19,868,020$19,567,989
Total net assets or fund balances$19,868,020$19,567,989
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$0$0
Total revenue, gains, and other support per audited financial statements$0$0
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$0$0
Total expenses and losses per audited financial statements$0$0
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$145,059$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$680,112$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-535,053$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
19992000
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Provident Art Trust to others? (optional)
  
Add photo of Provident Art Trust (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Heritage Education Trust Inc45150 Russell Branch Pkwy, Ashburn, VA 20147-2902VA1996-07$650,628
2Provident Art TrustCharlottesville, VA 22902VA$145,059
3Rural School And Community Trust4301 Connecticut Ave Nw Ste 100, Washington, DC 20008-2304DC1996-01$5,120,247
4West Side Day Nursery And Kindergarten20 W 86th St, New York, NY 10024-3604NY1947-04$549,484
5American Friends Of Bucerius Law School440 Park Avenue South 2nd Floor, New York, NY 10016NY2007-02$421,513
6St Mary Central-Seton Education Endowment Fund Agency 08051997PO BOX 649, Neenah, WI 54957-0649WI1999-10$417,310
7Schools For SalonePO BOX 25314, Seattle, WA 98165-2214WA2008-06$343,503
8Verlyn E Grahl Foundation Inc130 S Main St, Fond Du Lac, WI 54935-4210WI1999-02$275,937
9St Patrick School Foundation Inc, John J Brannen Community Education Foundation Inc4 W 3rd Street, Maysville, KY 41056KY1981-10$78,106
10Drew League Foundation2851 W 120th Street Suite E 517, Hawthorne, CA 90250CA2009-01$68,411
11Stowe Schools Foundation For Educational Advancement IncPO BOX 820, Stowe, VT 05672-0820VT1998-01$46,249
12Ruckus House Scholarship Foundation Inc9450 Moss Plantation Rd Nw, Concord, NC 28027NC2007-04$34,016
13U S Freedom Foundation1717k St Nw Ste 600, Washington, DC 20036DC2003-05$16,750
14Battle Creek-Ida Grove School Foundation Inc500 2nd St, Ida Grove, IA 51445-1305IA2001-01$3,763
15Achieve 121224 N Pine St, Lansing, MI 48933-1022MI2004-12$0
16Aransas Pass Panther Booster ClubPO BOX 1994, Aransas Pass, TX 78335-1994TX2000-11$0
17Bison Charities37300 10th Ave, Buffalo Center, IA 50424IA1999-09$0
18Brainstorm558 Coventry Ln, West Chester, PA 19382-7588PA2001-11$0
19Cascade Academy Foundation1331 Nw Eastman Pkwy, Gresham, OR 97030OR2008-09$0
20Franklin Regional Varsity Swimming And Diving Booster Club5611 Summit Court, Export, PA 15632PA2009-06$0
Number of organizations performing similar types of work
Arkansas1
Arizona2
California14
Colorado3
Connecticut1
District of Columbia4
Delaware1
Florida3
Georgia3
Iowa6
Illinois4
Indiana1
Kansas1
Kentucky2
Louisiana2
Massachusetts3
Maryland3
Maine1
Michigan4
Minnesota1
Missouri1
Mississippi2
North Carolina4
New Hampshire1
New Jersey4
New Mexico2
Nevada1
New York7
Ohio3
Oregon2
Pennsylvania2
Rhode Island2
South Dakota1
Tennessee4
Texas7
Virginia2
Vermont1
Washington4
Wisconsin4
Total114

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Provident Art Trust and has no official or unofficial affiliation with Provident Art Trust