Floyd Community Center for the Arts

EIN: 541750001 501(c)(3) Arts, Culture & Humanities

Floyd, VA

Total Revenue
$374,937
Total Expenses
$409,618
Total Assets
$1,139,502
Net Assets
$1,001,802
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Tax Period
2023-01-01 to 2023-12-31

FLOYD COMMUNITY CENTER FOR THE ARTS INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $257K in total revenue in fiscal year 2020. Revenue decreased 12% compared to the prior year. Expenses of $300K exceeded revenue, resulting in a 17% operating deficit.

Mission

To facilitate and showcase artistic endeavors and creativity; to provide education in the arts throughout our rural community and region.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $228,036
Program Service Revenue $100,147
Investment Income $3,389
Other Revenue $43,365
TOTAL REVENUE $374,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $177,433
Fundraising Expenses $1,567
Program Expenses $54,267
Other Expenses $232,185
TOTAL EXPENSES $409,618

Year-over-Year Comparison

2023 2022 Change
Revenue $374,937 $476,694 -0.2%
Expenses $409,618 $435,428 -0.1%
Net Income $-34,681 $41,266 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
8
Volunteers
105

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
$55,208
Total Directors
20
$55,208
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keela Marshall Executive Director 40.00
Officer Director
$55,208 $0 $55,208
Toni Jepson Board Member 3.00
Director
$0 $0 $0
Siobhan Boothe Board Member 3.00
Director
$0 $0 $0
Becky Pomponio Board Member 3.00
Director
$0 $0 $0
Nathan Popp Board Member 3.00
Director
$0 $0 $0
Pat Sharkey Board Member 3.00
Director
$0 $0 $0
Sally Walker Board Member 5.00
Director
$0 $0 $0
Abby Reczek Board Member 4.00
Director
$0 $0 $0
Grayson Rudd Board Member 3.00
Director
$0 $0 $0
Elizabeth Mears Board Member 10.00
Director
$0 $0 $0
Trish Fedorchak Board Member 4.00
Director
$0 $0 $0
Rhonda Daiber Board Member 5.00
Director
$0 $0 $0
Jayn Avery Board Member 3.00
Director
$0 $0 $0
Carol Jarratt Board Member 4.00
Director
$0 $0 $0
Jason Gallimore Board Member 4.00
Director
$0 $0 $0
Judy MacPhail Board Member 10.00
Director
$0 $0 $0
Kerry Ackerson President 30.00
Officer Director
$0 $0 $0
Karen Baker Secretary 5.00
Officer Director
$0 $0 $0
Clemens von Claparede-Crola Treasurer 10.00
Officer Director
$0 $0 $0
Barbara von Claparede-Crola Vice President 20.00
Officer Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $374,937 $409,618 $1,139,502 $-34,681
2022 $476,694 $435,428 $1,119,528 $41,266
2021 $705,205 $292,587 $1,109,293 $412,618
2020 $256,694 $300,065 $731,335 $-43,371
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