2024-04-30T09:05:19-05:00 2023-06-30 521073331 DEMBO JONES PC 6116 EXECUTIVE BLVD SUITE 500 NORTH BETHESDA MD 20852 990 2022-07-01 521549839 THE METROPOLITAN CENTER FOR THE VISUAL ARTS INC METR 3013158200 155 GIBBS STREET 300 ROCKVILLE MD 20850 ALICE NAPPY PRESIDENT/EXECUTIVE DIRECTOR 3013158200 2024-04-29 1 ALICE NAPPY 999009999 0 DAVID J SHERDEL CPA P01306021 3017705100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALICE NAPPY 37 GIBBS STREET ROCKVILLE MD 20850 2933546 0 X WWW.VISARTSCENTER.ORG X 1987 MD TO PROMOTE EDUCATION AND ENJOYMENT OF THE ARTS. 17 16 115 0 0 0 1480122 1180809 1503220 1751559 333 1178 0 0 2983675 2933546 0 0 0 0 1753531 1995813 0 0 171477 1233276 1245811 2986807 3241624 -3132 -308078 1589727 1623140 989503 1330994 600224 292146 X TO PROMOTE EDUCATION AND ENJOYMENT OF THE ARTS. 0 0 1630327 1276211 ART CLASSES AND WORKSHOPS ARE OFFERED TO ADULTS AND CHILDREN - APPROXIMATELY 8,242 ONSITE AND VIRTUAL STUDENTS. 213990 75054 COMMUNITY OUTREACH AND VISIBILITY- VISARTS VISION FOR THIS PROGRAM IS TO CREATE A PLACE WHERE ARTISTS WITH DISABILITIES CAN DISCOVER AND DEVELOP THEIR TALENTS AND THRIVE WITHIN A LARGER CREATIVE COMMUNITY. 277760 347755 ONE EVENT ROOM WITH ARTIST STUDIO SITUATED ALONG CONCOURSE IS OFFERED TO CLIENTS INTERESTED IN EVENTS WITH AN ARTIST FLAVOR. 93841 52539 GALLERY 93841 52539 2215918 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 115 1 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X ALICE NAPPY 3013158200 155 GIBBS STREET SUITE 300 ROCKVILLE MD 20850 ALICE NAPPY PRESIDENT/EXECUTIVE DIRECT 40.00 X X 108435 0 3180 SONAL VERMA DIRECTOR 1.00 X 0 0 0 JACK DEVINE CHAIR 5.00 X X 0 0 0 ED BRESLER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER WANG DIRECTOR 1.00 X 0 0 0 JENNIFER PUMPHREY DIRECTOR 1.00 X 0 0 0 K DAVID MEIT DIRECTOR 1.00 X 0 0 0 BEI MA DIRECTOR 1.00 X 0 0 0 PHYLLIS HARTMAN DIRECTOR 1.00 X 0 0 0 BOB ELLIOTT DIRECTOR 1.00 X 0 0 0 SHARON CANTRELL DIRECTOR 1.00 X 0 0 0 LINDA BRAND DIRECTOR 1.00 X 0 0 0 LIZ HACKETT SECRETARY 5.00 X X 0 0 0 SIRINA TSAI DIRECTOR 1.00 X 0 0 0 ADAM LEVNER DIRECTOR 1.00 X 0 0 0 TODD HOWARD EZRIN DIRECTOR 1.00 X 0 0 0 LANNY SCHWARTZ DIRECTOR 1.00 X 0 0 0 KATIE ZINER TREASURER/DIRECTOR OF FINA 40.00 X 75880 0 2128 184315 0 5308 1 0 0 0 0 616154 564655 1180809 EDUCATION 711300 1276211 1276211 EVENTS 711300 347755 347755 COMMUNITY OUTREACH 711300 75054 75054 OTHER 711300 37549 37549 GALLERY 711300 14990 14990 1751559 1178 1178 2933546 1751559 0 1178 X 117351 82146 23470 11735 1653313 1158753 390860 103700 15758 6367 7274 2117 52949 37113 15836 156442 115252 31730 9460 32100 32100 331555 159662 171893 38986 2258 36728 8108 5836 2272 33164 11370 21794 204358 41948 162410 6962 6482 480 20069 20069 209197 63089 146108 20480 20480 SUPPLIES 181750 154965 26772 13 BANK FEES 49092 11186 32419 5487 DUES & SUBSCRIPTIONS 39505 7067 28519 3919 SOFTWARE FEES 22560 22560 47925 352424 -339545 35046 3241624 2215918 854229 171477 105130 112099 419422 464031 14851 19515 29833 49230 3512014 2673449 1008091 838565 12400 139700 1589727 1623140 302523 320281 310750 491347 334714 361970 41516 157396 989503 1330994 X 397321 127332 202903 164814 600224 292146 1589727 1623140 -308078 0 X 0 1 X 0 0 X 648160 1034729 1522745 1480122 1218358 5904114 535622 541200 567808 535622 734722 2914974 1183782 1575929 2090553 2015744 1953080 8819088 1298552 7520536 1012 148 617 333 1178 3288 8822376 6577178 0.85240 0.83150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3039378 2237764 801614 472636 435685 36951 838565 WEBSITE DEVELOPMENT COSTS 18600 ROU ASSET 121100 139700 SECURITY DEPOSITS 2571 OPERATING LEASE LIABILITY 154825 157396 X 3668268 734722 734722 2933546 0 2933546 3976346 734722 734722 3241624 0 3241624 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, ENTITIES THAT ARE CLASSIFIED UNDER THIS SECTION OF THE CODE ARE TAXED ON "UNRELATED BUSINESS INCOME" AS DEFINED BY IRS REGULATIONS. THE CORPORATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2023. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE CORPORATION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF IT IS MORE LIKELY THAN NOT THAT UNCERTAIN TAX POSITIONS TAKEN WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE CORPORATION HAS ANALYZED TAX POSITIONS TAKEN AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION'S POLICY IS TO CHARGE PENALTIES AND INTEREST TO INCOME TAX EXPENSE AS INCURRED. THE CORPORATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CORPORATION'S FEDERAL INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. FORM 990, PART VI, SECTION A, LINE 6 THE CENTER HAS TWO CLASSES OF MEMBERSHIP, GENERAL AND HONORARY. GENERAL MEMBERSHIP IS OPEN TO PERSONS, FAMILIES, OR ORGANIZATIONS INTERESTED IN THE PURPOSE AND OBJECTIVE OF THE CORPORATION AND UPON THE PAYMENT OF DUES IN AN AMOUNT DETERMINED BY THE BOARD. HONORARY MEMBERS ARE SELECTED FROM TIME TO TIME BY THE BOARD TO PERSONS WHO HAVE PROVIDED DISTINGUISHED SERVICE TO THE CORPORATION. THERE ARE NO DUES FOR HONORARY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE GENERAL MEMBERSHIP AT THE ANNUAL MEETING. THE BOARD APPOINTS A DIRECTOR TO FILL ANY VACANCIES THAT OCCUR BETWEEN ANNUAL MEETINGS, AND THE APPOINTED BOARD MEMBER MUST STAND FOR ELECTION AT THE NEXT SCHEDULED ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C INFORMAL DISCUSSIONS ARE HELD AMONG BOARD MEMBERS AND OFFICERS AND KEY EMPLOYEES PERIODICALLY TO ADDRESS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE EVALUATES AND APPROVES THE TOP MANAGEMENT COMPENSATION USING COMPARATIVE INFORMATION FOR SIMILAR SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 159,662. MANAGEMENT AND GENERAL EXPENSES 171,893. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 331,555.