NORFOLK SOCIETY OF ARTS INC CO SAUNDERS MATTHEWS & PFITZNER PLLC

EIN: 546038427 501(c)(3) Arts, Culture & Humanities

NORFOLK, VA

Total Revenue
$144,294
Total Expenses
$55,475
Total Assets
$1,126,767
Net Assets
$1,125,456
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
VA
Principal Officer
CAROL ANNE KENT
Phone
7576304245
Tax Period
2024-07-01 to 2025-06-30

NORFOLK SOCIETY OF ARTS INC CO SAUNDERS MATTHEWS & PFITZNER PLLC, founded in 1922, is a small nonprofit in the Arts, Culture & Humanities sector that reported $104K in total revenue in fiscal year 2017. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 55% operating margin.

Mission

THE SOCIETY SHALL PROMOTE AND ENHANCE THE CULTURAL LIFE OF THE COMMUNITY AND PROVIDE FINANCIAL SUPPORT TO THE CHRYSLER MUSEUM OF ART.

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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 $31,641
Program Service Revenue $26,225
Investment Income $86,428
Other Revenue $0
TOTAL REVENUE $144,294

Expense Breakdown

Grants Paid $2,650
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,494
Other Expenses $52,825
TOTAL EXPENSES $55,475

Year-over-Year Comparison

2024 2023 Change
Revenue $144,294 $104,435 +0.4%
Expenses $55,475 $56,817 0.0%
Net Income $88,819 $47,618 +0.9%
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
16
Independent Members
16
Employees
N/A
Volunteers
30

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
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL ANNE KENT PRESIDENT N/A
Officer Director
$0 $0 $0
ALLAN REYNOLDS 1ST VP N/A
Officer Director
$0 $0 $0
SUSAN COMER 2ND V/P N/A
Officer Director
$0 $0 $0
NANCY HUBER CORRESPONDIN N/A
Officer Director
$0 $0 $0
EDITH GRANDY RECORDING SE N/A
Officer Director
$0 $0 $0
ROBERT HARRIS TREASURER N/A
Officer Director
$0 $0 $0
JAN BRADLEY DIRECTOR N/A
Director
$0 $0 $0
KATHY CARTER DIRECTOR N/A
Director
$0 $0 $0
JANE EDWARDS DIRECTOR N/A
Director
$0 $0 $0
SANDRA FINN DIRECTOR N/A
Director
$0 $0 $0
TRACI GILLIES DIRECTOR N/A
Director
$0 $0 $0
PAM KLOEPPEL DIRECTOR N/A
Director
$0 $0 $0
ED LAZARON DIRECTOR N/A
Director
$0 $0 $0
DEBORAH PAXSON DIRECTOR N/A
Director
$0 $0 $0
SUSAN QUATE DIRECTOR N/A
Director
$0 $0 $0
ELLEN UPTON DIRECTOR N/A
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
2025 $144,294 $55,475 $1,126,767 $88,819
2024 $104,435 $56,817 $1,024,707 $47,618
2023 $96,811 $67,216 $914,108 $29,595
2022 $95,908 $44,316 $825,182 $51,592
2021 $66,272 $26,556 $896,652 $39,716
2020 $61,136 $37,658 $728,130 $23,478
2019 $75,061 $65,598 $710,368 $9,463
2018 $103,537 $46,971 $680,407 $56,566
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