Western Virginia Foundation For The Arts And Sciences, Center In The Square in Roanoke, Virginia (VA)

Western Virginia Foundation For The Arts And Sciences, Center In The Square
Employer Identification Number (EIN)	510238900
Name of Organization	Western Virginia Foundation For The Arts And Sciences
Secondary Name	Center In The Square
In Care of Name	Center In The Square
Address	One Market Square, Roanoke, VA 24011-1429
Activities	Cultural performances
Subsection	Charitable Organization
Ruling Date	10/1979
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2013
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$34,526,091
Amount of Income	$3,064,533
Form 990 Revenue Amount	$3,064,533
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Arts Service Organizations and Activities

Non-representatives - add comments:

Amount of income in 2013: $3,064,533 (it was $8,345,297 in 2012)

This organization:	$3,064,533
Other organizations performing similar types of work:	$272,792

Assets in 2013: $34,526,091 (it was $43,036,298 in 2012)

This organization:	$34,526,091
Other organizations performing similar types of work:	$286,175

Expenses in 2013: $2,373,176

This organization:	$2,373,176
Other organizations performing similar types of work:	$246,212

Income to expenses ratio in 2013: 1.3

This organization:	1.3
Other organizations performing similar types of work:	1.0

Number of employees in 2013: 40

This organization:	40
Other organizations performing similar types of work:	5

Employees paid over $100,000 in 2013: 2.5%

This organization:	2.5%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 62.1%

Western Virginia Foundation For The Arts And Sciences, Center In The Square:	62.1%
Other organizations performing similar types of work:	37.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	Yes	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	Yes	No
Did the organization report an amount for other liabilities?	Yes	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	Yes	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	Yes	Yes
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		3	9
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		32	40
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$166,927	$193,034
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$698
Total number of individuals who received more than $100,000 of reportable compensation from the organization	1	1
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$5,111,652	$6,487,375	$3,064,533
Contributions, Gifts, Grants and Other Similar Amounts	$5,251,886	$1,805,154	$1,904,312
Program Service Revenue	$90,824	$4,269,263	$744,700
Other Activities Related to Real Estate		$4,132,206	$598,584
541900		$137,057	$146,116
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$467,082	$305,376	$333,315
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$154,540	$277,619	$82,206
Gross rents (Real / Personal)	$154,540 / $0	$277,619 / $0	$82,206 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$154,540 / $0	$277,619 / $0	$82,206 / $0
Net gain/loss from sales of assets other than inventory	$-873,461	$-176,555	$0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$20,781	$6,518	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$2,302,940	$2,712,902	$2,373,176
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$164,877	$168,387	$193,732
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$551,169	$574,757	$509,959
Pension plan accruals and contributions		$0	$0
Other employee benefits		$3,341	$3,328
Payroll taxes	$58,698	$60,534	$54,126
Fees for services (non-employees)
Management		$0	$0
Legal		$0	$0
Accounting		$88,803	$0
Lobbying		$0	$0
Professional fundraising services	$97,935	$25,200	$0
Investment management fees		$28,162	$0
Other		$540	$60,408
Advertising and promotion		$26,917	$67,836
Office expenses		$22,725	$2,273
Information technology		$10,670	$16,212
Royalties		$0	$0
Occupancy		$218,451	$0
Travel		$0	$2,948
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$1,570	$1,400
Interest		$500,650	$55,902
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$677,645	$660,000
Insurance		$59,384	$70,245
Other expenses		$123,251	$343,396
Other expenses		$78,238	$146,684
Other expenses		$19,407	$112,907
Other expenses		$12,019	$28,659
Other expenses		$0	$43,161

	2011	2012	2013
Balance Sheet
Total assets	$27,195,116	$43,036,298	$34,526,091
Cash - non-interest-bearing		$75	$1,075
Savings and temporary cash investments		$1,043,085	$1,434,014
Pledges and grants receivable, net		$2,150,094	$1,293,625
Accounts receivable, net		$30,854	$272,552
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$947,773	$16,107,786
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$11,032	$27,911
Land, buildings, and equipment: cost or other basis		$13,589,228	$12,953,770
Investments - publicly traded securities		$2,242,962	$2,435,358
Investments - other securities		$0	$0
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$23,021,195	$0
Total liabilities	$2,302,666	$14,501,792	$5,300,228
Accounts payable and accrued expenses		$139,166	$195,153
Grants payable		$0	$0
Deferred revenue		$17,856	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$1,579,677	$8,898,076	$5,105,075
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$5,446,694	$0
Total net assets or fund balances	$24,892,450	$28,534,506	$29,225,863
Unrestricted net assets		$28,348,554	$27,846,802
Temporarily restricted net assets		$122,760	$1,315,869
Permanently restricted net assets		$63,192	$63,192
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$14,796,948
Subtotal Support	$14,796,948
Gifts, grants, contributions, and membership fees received	$14,796,948
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$0
Total Support	$17,432,100
Public Support	$14,796,948
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$2,635,152
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$0
Gross receipts from related activities, etc.	$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 Western Virginia Foundation For The Arts And Sciences, Center In The Square to others? (optional)

Yes

Add photo of Western Virginia Foundation For The Arts And Sciences, Center In The Square (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

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

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (18.217.198.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Carol W Pruner Charitable Remainder Unitrust, Pruner Todd W & Carol W Pruner Ttee in Roanoke, VA
Wilmont Recreation Club in Roanoke, VA
Young Presidents Organization Inc, Ypo Northern Virginia Chapter Inc in Newport News, VA
Mountain Tails Animal Rescue in Dublin, VA
The Mcclinton Foundation in Covington, VA
Cooper Trash Parkout Inc in Mclean, VA
Virginia Beach Policemens Benevolent Association Inc in Virginia Bch, VA
Charlotte County Farm Bureau in Charlotte C H, VA
Kempsville Volunteer Rescue Squad in Virginia Bch, VA
Dulles South Food Pantry in Dulles, VA

Recently Added Reviews

Carol W Pruner Charitable Remainder Unitrust, Pruner Todd W & Carol W Pruner Ttee in Roanoke, VA

Wilmont Recreation Club in Roanoke, VA

Young Presidents Organization Inc, Ypo Northern Virginia Chapter Inc in Newport News, VA

Mountain Tails Animal Rescue in Dublin, VA

The Mcclinton Foundation in Covington, VA

Cooper Trash Parkout Inc in Mclean, VA

Virginia Beach Policemens Benevolent Association Inc in Virginia Bch, VA

Charlotte County Farm Bureau in Charlotte C H, VA

Kempsville Volunteer Rescue Squad in Virginia Bch, VA

Dulles South Food Pantry in Dulles, VA

Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Western Virginia Foundation For The Arts And Sciences, Center In The Square	One Market Square, Roanoke, VA 24011-1429	VA	1979-10	$3,064,533
2	Somarts	934 Brannan St, San Francisco, CA 94103-4906	CA	1980-05	$1,733,556
3	South Florida Art Center Inc	924 Lincoln Rd Ste 205, Miami Beach, FL 33139-2602	FL	1986-02	$950,802
4	Volunteer Lawyers For The Arts Inc	6th Floor, New York, NY 10022	NY	1978-05	$815,863
5	Womens Studio Workshop Inc	PO BOX 489, Rosendale, NY 12472-0489	NY	1977-11	$598,580
6	Volunteer Lawyers For The Arts Of Massachusetts Inc	249 A St, Boston, MA 02210-1615	MA	1994-10	$272,792
7	Visual Arts Foundation Inc	220 E 23rd St Ste 609, New York, NY 10010-4629	NY	1968-08	$265,875
8	Cultural Alliance Of Fairfield County Inc, Lucretia B Odinak	301 West Ave, Norwalk, CT 06850-4002	CT	2009-04	$243,256
9	Riverviews	901 Jefferson St Ste 113, Lynchburg, VA 24504-1642	VA	1996-04	$232,637
10	The Exhibition Alliance Inc	PO BOX 345, Hamilton, NY 13346-0345	NY	1974-01	$155,261
11	St Louis Volunteer Lawyers And Accountants For The Arts	6128 Delmar Blvd, Saint Louis, MO 63112-1204	MO	1986-02	$98,929
12	Washington Area Lawyers For The Art	1629 K St Nw, Washington, DC 20006-1602	DC	1984-03	$72,494
13	Society Of Singers	26500 W Agoura Rd 102-554, Calabasas, CA 91302-1952	CA	1989-03	$70,663
14	Texas Accountants & Lawyers For The Arts	6001 Airport Blvd Suite 2280-A, Austin, TX 78752-4219	TX	1980-02	$68,564
15	The@jack Kerouac Writers In Residence Project Of Orlando Inc	PO BOX 547477, Orlando, FL 32854-7477	FL	1999-03	$29,483
16	United South End Artists Inc	P O Box 181114, Boston, MA 02118	MA	1996-12	$22,603
17	Southern California Womens Caucus For Art	19510 Ventura Blvd Ste 209, Tarzana, CA 91356-2947	CA	1980-10	$7,480
18	Art And Beyond Inc	409 Daniel Ln, Cedar Hill, TX 75104	TX	2009-08	$0
19	First Nations Art Inc	1117 Roma Ave Ne, Albuquerque, NM 87106-4734	NM	1996-03	$0
20	Free Range Arts Inc	358 7th Ave 107, Brooklyn, NY 11215	NY	1994-06	$0

Number of organizations performing similar types of work

Alabama	1
California	9
Colorado	2
Connecticut	1
District of Columbia	2
Florida	6
Georgia	2
Illinois	1
Indiana	1
Massachusetts	5
Minnesota	2

Missouri	1
North Dakota	1
Nebraska	1
New Jersey	3
New Mexico	1
New York	18
Ohio	1
Pennsylvania	3
Rhode Island	1
Texas	5
Virginia	2

Total

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Western Virginia Foundation For The Arts And Sciences, Center In The Square and has no official or unofficial affiliation with Western Virginia Foundation For The Arts And Sciences, Center In The Square