Chesterfield Cultural Arts Foundation

EIN: 161671869 501(c)(3) Arts, Culture & Humanities

Chester, VA

Total Revenue
$834,437
Total Expenses
$955,630
Total Assets
$997,138
Net Assets
$462,520
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Phone
8047485555
Tax Period
2024-07-01 to 2025-06-30

CHESTERFIELD CULTURAL ARTS FOUNDATION, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $363K in total revenue in fiscal year 2018. Revenue surged 1749% from the prior year, signaling strong growth momentum. The organization ran a surplus of $352K, a strong 97% operating margin.

Mission

The Perkinson Center for the Arts and Education is a performing and visual arts center that provides and promotes cultural arts opportunities within our community. (Continued on Schedule O)

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $403,136
Program Service Revenue $231,356
Investment Income $9,149
Other Revenue $190,796
TOTAL REVENUE $834,437

Expense Breakdown

Grants Paid $0
Salaries & Benefits $458,701
Fundraising Expenses $97,860
Program Expenses $690,279
Other Expenses $496,929
TOTAL EXPENSES $955,630

Year-over-Year Comparison

2024 2023 Change
Revenue $834,437 $695,836 +0.2%
Expenses $955,630 $791,753 +0.2%
Net Income $-121,193 $-95,917 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
28
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$100,667
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY HALL GOVERNANCE COMMITTEE CHAIR 10.0
Officer Director
$0 $0 $0
Dr MIKE MABE PROGRAMS COMMITTEE CHAIR 10.0
Officer Director
$0 $0 $0
MATTHEW CLARKE CHAIRMAN 10.0
Officer Director
$0 $0 $0
SARAH SNEAD VICE CHAIR 10.0
Officer Director
$0 $0 $0
CARRIE COYNER DIRECTOR 2.0
Director
$0 $0 $0
CHRIS BADURA DIRECTOR 2.0
Director
$0 $0 $0
Colin Hannifin DIRECTOR 2.0
Director
$0 $0 $0
GARY ARMSTRONG DIRECTOR 2.0
Director
$0 $0 $0
KEN OXENDINE DIRECTOR 2.0
Director
$0 $0 $0
SUZANNE MALLORY-PARKER DIRECTOR 2.0
Director
$0 $0 $0
CHELSEA BUYALOS EXECUTIVE DIRECTOR 40.0
Officer
$100,667 $0 $100,667
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $834,437 $955,630 $997,138 $-121,193
2024 No data No data No data No data
2023 $614,712 $704,264 $1,257,774 $-89,552
2022 $574,923 $863,735 $914,818 $-288,812
2021 $621,062 $1,379,759 $1,189,257 $-758,697
2019 $128,195 $86,915 $2,317,421 $41,280
2018 $362,967 $11,123 $2,384,391 $351,844
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