2026-02-10T02:40:40-00:00 2024-06-30 271832948 Rebekah Barr CPA PC 2505-B Nash Street NW Wilson NC 27896 990 2023-07-01 561287429 Visual Art Exchange VISU 9193894948 228 Fayetteville Street Raleigh NC 27601 Pete Sack Treasurer 9193894948 2026-02-10 true Rebekah T Barr P00732851 2522946920 2026-02-10 X 2023 2025-03-06 01:10:19Z Pete Sack 228 Fayetteville Street Raleigh NC 27601 243877 false X WWW.VAERALEIGH.ORG X 1980 NC VAE produces, funds, and exhibits socially-engaged art through community collaboration. 7 7 3 0 521618 240545 14350 3000 395 332 -46108 0 490255 243877 2500 0 0 177774 161478 0 33995 215167 301099 395441 462577 94814 -218700 627734 354616 316868 262450 310866 92166 X VAE produces, funds, and exhibits socially-engaged art through community collaboration. false false 203821 VAE provides direct support to artists chiefly through its largest funding initiative The Snapdragon Fund, a regional regranting program made possible through funding from The Andy Warhol Foundation for the Visual Arts. The fund provides 60,000 of funding for individual artists each year. This funding is split across 3 categories 8 project grants of 5,000 5 research grants of 2,000 and 20 micro grants of 500. VAEs fiscal sponsorship program allows the Organization to support individual artists and unincorporated artists groups through the provision of grant and donation-based fundraising opportunites under the Organizations nonprofit umbrella, as well as assitance in the management of their finances. The Orrganization is responsible for collecting funds restricted to the project and disbursing them in accordance with the projects approved guidelines. 188143 3000 VAE organizes the bulk of its programming into large-scale projects that include exhibitions and community events. These projects focus on highlighting the creative contributions of people who are often marginalized from the contemporary art world and building trust with new communities. VAE produces between 6 and 20 exhibitions each year, displaying works from a growing array of contemporary artists. In addition to the Organizations main galleries in their flagship location, the Organization also hosts exhibitions in a collection of community exhibition spaces across the greater Triangle. 391964 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 17 0 true 3 true false false false false false false false false false false false false X 7 7 false false false false false false false true false false false false true true true true true true true false X The Organization 9198287834 228 Fayettville Street Raleigh NC 27601 X Pete Harvey Treasurer 001.00 X X 0 0 0 LaTissa Davis Director 001.00 X 0 0 0 Gabie Frantz Director 001.00 X 0 0 0 Christina Hloros Director 001.00 X 0 0 0 Okirah Harris Director 001.00 X 0 0 0 Crystal Ricevuto Director 001.00 X 0 0 0 Kulsum Tasnif Director 001.00 X 0 0 0 false false false 40725 199820 240545 Community Exhibit Venue Fees 711130 3000 3000 3000 332 332 243877 3000 332 X 0 0 0 0 0 0 161478 117539 27325 16614 0 0 0 0 0 0 0 0 78221 64236 2320 11665 14 14 573 529 25 19 0 0 11721 10599 674 448 0 0 0 0 0 61308 53430 5510 2368 5795 5230 339 226 Event Expenses 1792 527 17 1248 Other Operating Expenses 3068 2876 100 92 Printing/Postage Bank Charges/Fees 6257 4975 107 1175 Internet/Website Dues/Sub. 10350 10009 201 140 122000 122000 462577 391964 36618 33995 62366 64736 59607 194596 40000 2110 2133 14813 8839 7903 5974 301152 241773 627734 354616 15150 13920 301718 248530 316868 262450 X 16322 -32614 294544 124780 310866 92166 627734 354616 -218700 X false true X false false X 631508 640497 362473 521618 240545 2396641 631508 640497 362473 521618 240545 2396641 2396641 106 76 63 395 332 972 2397613 0.99960 X false 3692 2210 1482 11121 6629 4492 5974 Financial derivatives and other financial products Closely-held equity interests Security Deposits 6538 Operating Lease Asset 235235 241773 Federal income taxes Operating Lease Liability 248530 248530 243877 243877 243877 462577 462577 462577 Form 990, Part III, Section 1, Line 1 VAE PRODUCES, FUNDS, AND EXHIBITS SOCIALLY-ENGAGED ART THROUGH COMMUNITY COLABORATION. Form 990, Part VI, Section A, Line 8b The organization considers committee meetings to be informal and no committee can act without the approval of the full board, therefore, no meeting minutes have been taken. Form 990, Part VI, Section B, Line 11b Prior to filing, Form 990 will only be reviewed by the board of directors executive committee, the executive director, and director of operations. Form 990, Part VI, Section B, Line 12c The executive director and board of directors review the policy annualy. All directors sign a statement acknowledging the policy each year. All new directors review and sign the acknowledgment in the month they join the board. Form 990, Part VI, Section B, Line 15 The executive committee conducts the review of the executive director. They review overall job performance, performance of the organization, and the upcoming years budget in determining compensation. Form 990, Part VI, Section C, Line 18 The organizations 990 forms and form 1023 are available for public inspection upon request. Form 990, Part VI, Section C, Line 19 The organizations audited financial statements, governing documents, and conflict of interest policy are available for public inspection upon request. Form 990, Part IX, Line 11g The following amounts were for contracted services during the fiscal year 64,326 for projects/exhibitions and funding and fiscal sponsorship. 2,320 was for management and general. Then 11,655 was for fundraising.