Louisville Visual Art
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Louisville Visual Art meets the 20 Standards for Charity Accountability.
Stated Purpose:
Louisville Visual Art improves lives through visual arts education, community outreach, and artist support.
Year, State Incorporated:
1942, KY
Louisville Visual Art encourages and equips artists and art in the community with programs like Children’s Fine Art Classes, which serves 1,000-plus youth throughout the Greater Louisville area, and Curate, Purchase, Inspire, which provides fellowships. The nonprofit also purchases art from artists and places it permanently in community locations. Additionally, it provides public Artist Talks, the Artist Resource Series workshops and seminars, Open Studio Louisville, outreach programs, free gallery venues and curated exhibits, a weekly artist opportunities clearing house, and more.
For the year ended May 31, 2024, Louisville Visual Art's program expenses were:
| Program services | $476,411 |
| Total Program Expenses | $476,411 |
Chief Executive
Angela Hagan, Executive Director
Chair of the Board
Ms. Beverly Cote
Chair's Profession / Business Affiliation
Design Project Manager, Graphic Designer, Brown-Forman
Board Size
15
Paid Staff Size
7
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Membership appeals, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Louisville Visual Art's IRS Form 990 for the year ended May 31, 2024.
Source of Funds
| Exhibition & Education | $408,999 |
| All other contributions, gifts, grants | $361,622 |
| Fundraising events, net | $83,050 |
| Government grants | $76,244 |
| Investment income | $12,111 |
| Studio Rental | $2,698 |
| Total Income | $944,724 |
Programs: 53% Fundraising: 5% Administrative: 42%
| Total Income | $944,724 |
| Total expenses: | $903,994 |
| Program expenses | $476,411 |
| Fundraising expenses | $49,221 |
| Administrative expenses | $378,362 |
| Other expenses | $0 |
| Income in Excess of Expenses | $40,730 |
| Beginning Net Assets | $2,687,717 |
| Other Changes In Net Assets | $37,887 |
| Ending Net Assets | $2,766,334 |
| Total Liabilities | $265,176 |
| Total Assets | $3,031,510 |
Total assets as reported above include $1,165,768 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana