Overview
What is Visual Art Exchange?
Visual Art Exchange (VAE) is a nonprofit organization situated in Raleigh, North Carolina, specifically at 228 Fayetteville Street. They offer funding and fiscal sponsorship to creative individuals through small grants, stipends, relief funds, and their fiscal sponsorship program. VAE serves as the local chapter of The Awesome Foundation, a global community of micro-funders dedicated to making communities more awesome by providing $1,000 for creative ideas monthly. Additionally, VAE awards artist grants and exhibition stipends to support creative careers. The organization's fiscal sponsorship program helps individual artists and unincorporated artist groups manage the fiscal aspects of their projects. VAE also produces, funds, and exhibits socially-engaged art through community collaboration. In summary, Visual Art Exchange is a Raleigh-based nonprofit that provides financial support to creative individuals and groups and facilitates the creation and exhibition of socially-engaged art through community collaboration.
Official website here: www.vaeraleigh.org
Is Visual Art Exchange legitimate?
Visual Art Exchange is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visual Art Exchange submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $71,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,857
For more financial information, click here
Official website here: www.vaeraleigh.org
What is the mission statement of Visual Art Exchange?
The Visual Art Exchange, as an organization, focuses on producing, funding, and exhibiting socially-engaged art through community collaboration. They provide financial support to creative individuals through small grants, stipends, relief funds, and their fiscal sponsorship program. VAE serves as the local chapter of The AWESOME Foundation, a global community offering $1,000 for creative ideas each month. They also award artist grants and exhibition stipends to bolster the artistic careers of individuals. VAE's fiscal sponsorship program assists unincorporated artist groups in managing the fiscal aspects of their projects, collecting and disbursing funds in accordance with the project's approved guidelines.
Official website here: www.vaeraleigh.org
What is the revenue of Visual Art Exchange?
Visual Art Exchange's revenue in 2023 was $490,255.
Official website here: www.vaeraleigh.org
Who are the executives of Visual Art Exchange and what are their salaries?
The average compensation at Visual Art Exchange during 2023 was $24,971. There are 6 employees and 100 volunteers at Visual Art Exchange.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $4,231
- Related: $0
- Other: $0
- Compensation: $65,795
- Related: $0
- Other: $0
Official website here: www.vaeraleigh.org
Where can I find the form 990 for Visual Art Exchange?
Visual Art Exchange's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vaeraleigh.org
Learn more at the official website: www.vaeraleigh.org
Mission Statement of Visual Art Exchange
Visual Art Exchange, often abbreviated as VAE, is an organization that actively produces, funds, and exhibits socially-engaged art through community collaboration. Their mission is centered around fostering artistic expressions that address social issues, drawing on the collective strength of the community.
To achieve this mission, VAE offers various funding opportunities to creative individuals. They provide small grants, stipends, and relief funds directly to artists, as well as serving as a fiscal sponsor for individual artists and unincorporated artist groups. Through its fiscal sponsorship program, VAE assists these groups by managing the fiscal aspects of their projects, ensuring that funds are collected and disbursed according to the project's approved guidelines.
VAE is part of a global community of micro-funders, known as The Awesome Foundation, which is dedicated to making its communities more awesome by providing $1,000 for creative ideas each month. Additionally, VAE awards artist grants and exhibition stipends to support the creative careers of local artists, contributing to the rich artistic landscape of the community. By providing these funding opportunities and fostering a collaborative environment, VAE helps artists create socially-engaged art that resonates with the community and addresses pressing social issues.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Visual Art Exchange profoundly impacts the community by producing, funding, and exhibiting socially-engaged art through collaborative efforts. It actively supports creative individuals by offering grants, stipends, and relief funds, fostering artistic growth and career development.
Through its fiscal sponsorship program, VAE aids unincorporated artist groups and individual artists, managing the financial aspects of their projects while ensuring funds are allocated according to the approved guidelines. The organization also partners with the Awesome Foundation, providing monthly micro-grants that empower local creators to bring innovative ideas to life.
By facilitating these opportunities, Visual Art Exchange not only enhances the visibility of local artists but also strengthens community ties, engages diverse audiences, and nurtures a vibrant cultural landscape in Raleigh, NC. Its commitment to socially-engaged art creates a platform for dialogue and collaboration, enriching the community's artistic fabric.
This information is meant to be a general summary of Visual Art Exchange. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $395
- Program Service Revenue: $14,350
- Gross Receipts: $545,331
Assets and Liabilities:
- Total Assets: $240,777
- Total Liabilities: $29,101
- Net Assets: $211,676
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY EXHIBIT VENUE FEES
Revenue
$7,350
OTHER SERVICE FEES
Revenue
$4,000
RENTAL INCOME
Revenue
$3,000
Organization Details
Founding Year
1980
Principal Officer
Kayla Coleman
Website
www.vaeraleigh.orgNTEE Category
Code: A510 - Arts
If you are a representative of Visual Art Exchange and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.