2024-02-20T10:09:07-06:00 2023-06-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS 16TH FLOOR NEW YORK NY 10018 990 2022-07-01 226046896 VISUAL ARTS CENTER OF NEW JERSEY A NEW JERSEY NONPROFIT CORPORATION VISU 9082739121 68 ELM STREET SUMMIT NJ 07901 MELANIE COHN EXECUTIVE DIR. 9082739121 2024-02-20 1 MELANIE COHN 999009999 0 MIKE SCHALL P02024184 2122682804 2024-02-20 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MELANIE COHN 68 ELM STREET SUMMIT NJ 07901 4698544 0 X WWW.ARTCENTERNJ.ORG X 1954 NJ THE VISUAL ARTS CENTER OF NEW JERSEY NURTURES THE CAPACITY FOR PERSONAL EXPRESSION, EXPANDS THE CREATIVE EXPERIENCE AND FOSTERS STRONGER COMMUNITIES BY EMPOWERING PEOPLE TO SEE, MAKE AND LEARN ABOUT ART. 18 18 150 58 0 0 1712921 2033364 1642143 1738748 174794 163767 12216 1215 3542074 3937094 0 0 0 0 1692190 1787128 0 0 240066 1004036 930623 2696226 2717751 845848 1219343 10459502 11977810 2012398 2006731 8447104 9971079 X THE VISUAL ARTS CENTER OF NEW JERSEY NURTURES THE CAPACITY FOR PERSONAL EXPRESSION, EXPANDS THE CREATIVE EXPERIENCE, AND FOSTERS STRONGER COMMUNITIES BY EMPOWERING PEOPLE TO SEE, MAKE, AND LEARN ABOUT ART. THROUGH EXHIBITION, STUDIO SCHOOL, AND COMMUNITY PROGRAMS, THE ART CENTER ENGENDERS CONNECTION, CURIOSITY, AND CREATIVE RISK-TAKING AMONG ITS CONSTITUENTS. 0 0 1343016 1685863 THROUGH STUDIO SCHOOL CLASSES AND WORKSHOPS, THE VISUAL ARTS CENTER OF NEW JERSEY SERVES OVER 1,100 STUDENTS EVERY SEMESTER. THE VISUAL ARTS CENTER OF NEW JERSEY'S STUDIO SCHOOL IS THE LARGEST NON-UNIVERSITY ARTS PROGRAM IN THE STATE. STUDENTS OF PRE-SCHOOL AGE TO OCTOGENARIANS ENROLL EACH SEMESTER. A RENOWNED FACULTY OF PROFESSIONAL TEACHING ARTISTS OFFER CLASSES AND WORKSHOPS IN DRAWING, PAINTING, CERAMICS, PHOTOGRAPHY, DIGITAL MEDIA, PRINTMAKING, SCULPTURE, JEWELRY DESIGN AND MORE. THE ART CENTER'S STUDIO SCHOOL CALENDAR IS DIVIDED INTO THREE TEN-WEEK SEMESTERS, FALL, WINTER AND SPRING AND A SHORTER SIX-WEEK SUMMER SEMESTER. SUMMER SEMESTER INCLUDES A CHILDREN'S ART SUMMER CAMP PROGRAM SERVING NEARLY 1,000 STUDENTS AGES 4-18. 433341 THE VISUAL ARTS CENTER OF NEW JERSEY IS A LEADING INSTITUTION OF CONTEMPORARY ART IN THE TRISTATE REGION. ITS MUSEUM EXHIBITION PROGRAM PRESENTS ARTISTICALLY AND CULTURALLY DIVERSE CONTEMPORARY ART EXHIBITIONS TO OVER 8,600 VISITORS ANNUALLY. TO ADDRESS AN INCREASINGLY GLOBAL SOCIETY, THE ART CENTER FEATURES ARTISTS FROM NEAR AND FAR. MANY ARE FROM NEW JERSEY AND NEARBY NEW YORK, FROM ACROSS THE US AND FROM AROUND THE WORLD. IN CONJUNCTION WITH EACH SEASON OF EXHIBITIONS, THE ART CENTER PRESENTS A VARIETY OF EXHIBITION RELATED PROGRAMMING TO PROVIDE UNIQUE AND INVALUABLE OPPORTUNITIES FOR VISITORS TO EXPERIENCE ART IN NEW AND EXCITING WAYS. APPROXIMATELY 34 VOLUNTEERS SUPPORT EXHIBITIONS AND PROGRAM IMPLEMENTATION, INCLUDING THE ART CENTER DOCENT PROGRAM WHICH LEADS TOURS THAT SERVE ALMOST 600 PEOPLE PER YEAR. 189327 52885 THE VISUAL ARTS CENTER OF NEW JERSEY'S COMMUNITY ENGAGEMENT PROGRAMS ARE CLOSELY ALIGNED WITH OUR MISSION OF BRINGING ART AND PEOPLE TOGETHER AND OUR COMMITMENT TO MAKING ART ACCESSIBLE TO ALL AUDIENCES. THESE PROGRAMS SERVE OVER 1,000 INDIVIDUALS ANNUALLY, MAKE EDUCATIONAL VISUAL ARTS EXPERIENCES AVAILABLE TO UNDER-SERVED, ECONOMICALLY DISADVANTAGED, AND MARGINALIZED AUDIENCES. THESE AUDIENCES INCLUDE AT-RISK YOUTH, THE ELDERLY, PEOPLE WITH DISABILITIES, CHILDREN FROM DUAL WORKING PARENT HOUSEHOLDS, AND LOW-INCOME HOUSEHOLDS. WE SERVE THE COMMUNITY OF SUMMIT AND SURROUNDING AREAS INCLUDING PEOPLE LIVING IN HUDSON, UNION, ESSEX, SUSSEX AND SOMERSET COUNTIES. (CONTINUED ON SCHEDULE O)PROGRAMS INCLUDE PROVIDING ARTS EDUCATION FOR FORMERLY HOMELESS WOMEN ATTENDING KENMORE HIGH SCHOOL IN JERSEY CITY; "ARTS ALIVE" A PROGRAM FOR ELIZABETH HIGH SCHOOL AND 8TH GRADE STUDENTS FROM THROUGHOUT THE ELIZABETH DISTRICT; AND THE ARTS FROM THE HEART PARTNERSHIP WITH SAGE ELDER-CARE FOR PEOPLE SUFFERING FROM DEMENTIA OR ALZHEIMER'S. 1965684 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 150 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X MELANIE COHN 9082739121 68 ELM STREET SUMMIT NJ 07901 ANNE GRISSINGER CHAIR 4.00 X X 0 0 0 SUZANNE HENRY VICE CHAIR 3.00 X X 0 0 0 DIEGO ROTSZTAIN VICE CHAIR 3.00 X X 0 0 0 DAVID O'NEILL TREASURER 3.00 X X 0 0 0 AMY MAHONEY HARRIS SECRETARY 3.00 X X 0 0 0 PAUL CIRAULO SECRETARY (THRU 2/13/23) 3.00 X X 0 0 0 RACHEL WILF TRUSTEE 3.00 X 0 0 0 DEBORAH SCHWARZMANN TRUSTEE 3.00 X 0 0 0 JESS VAN NOSTRAND TRUSTEE 3.00 X 0 0 0 KATHERINE BUCHANAN TRUSTEE 3.00 X 0 0 0 DAVID HARDIN TRUSTEE 3.00 X 0 0 0 VANI KRISHNAMURTHY TRUSTEE 3.00 X 0 0 0 GREG ADAMS TRUSTEE 3.00 X 0 0 0 LISA GINGELESKIE TRUSTEE 3.00 X 0 0 0 THARANGA GOONETILLEKE TRUSTEE 3.00 X 0 0 0 LORRAINE KELLY TRUSTEE 3.00 X 0 0 0 ANDRE RENAUDO TRUSTEE 3.00 X 0 0 0 PHILEMONA WILLIAMSON TRUSTEE 3.00 X 0 0 0 LISA BUTLER TRUSTEE (THRU 11/14/22) 3.00 X 0 0 0 SIOBHAN CREEM TRUSTEE (THRU 11/14/22) 3.00 X 0 0 0 SUSAN CAGNASSOLA TRUSTEE 3.00 X 0 0 0 MELANIE COHN EXECUTIVE DIRECTOR 45.00 X 132733 0 24679 RUDOLPH S MAICO DIRECTOR OF FINANCE 27.00 X 45423 0 9085 178156 0 33764 1 0 1 0 0 58198 315555 188560 1471051 2033364 TUITION 900099 1685863 1685863 FEE FOR SERVICE INCOME 900099 52885 52885 1738748 153256 153256 731683 721172 10511 10511 10511 40278 315555 40278 0 MISCELLANEOUS 900099 1215 1215 1215 3937094 1738748 0 164982 211920 51236 142710 17974 1339866 1035738 133163 170965 6437 4408 1544 485 114388 78337 27441 8610 114517 78425 27472 8620 22500 22500 25652 25652 81161 61490 19671 26338 26338 30150 29821 277 52 9098 7716 1164 218 50118 42500 6415 1203 189177 160422 24215 4540 47871 40974 5808 1089 SUPPLIES AND MATERIALS 154283 127745 4883 21655 OFFICE EQUIPMENT 74476 63157 9533 1786 BANK CHARGES AND ADMIN 68831 62824 6007 UTILITIES 64696 54860 8284 1552 86272 66031 18924 1317 2717751 1965684 512001 240066 340 220 2747820 3115844 330268 274257 44430 56008 7227167 3505146 3656345 3722021 2957316 4121855 591505 505449 131478 182156 10459502 11977810 167958 187385 543706 552886 1300734 1266460 2012398 2006731 X 4140911 4533787 4306193 5437292 8447104 9971079 10459502 11977810 X 1219343 253954 50678 X X 0 1 X 1 0 X 768265 1099458 1767224 1712921 2033364 7381232 1471142 1206067 1245055 1642143 1738748 7303155 2239407 2305525 3012279 3355064 3772112 14684387 6000 6000 681000 41200 300272 1034472 0 6000 6000 681000 41200 300272 1034472 13649915 85880 105216 105264 93417 153256 543033 85880 105216 105264 93417 153256 543033 3201 2756 2754 12216 1215 22142 2328488 2413497 3120297 3460697 3926583 15249562 0.89510 0.96320 0.03560 0.03530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4048821 300000 371845 67710 25652 4627304 4147274 500000 -378003 193734 26716 4048821 3312276 970010 112057 22955 4147274 3158339 325000 -6246 143791 21026 3312276 3130937 173662 125500 20760 3158339 0.06480 0.93520 0 0 280336 280336 363435 363435 0 6270997 2891310 3379687 312399 250401 61998 3722021 X 4216074 253954 50678 304632 3911442 25652 25652 3937094 2692099 0 2692099 25652 25652 2717751 PART V, LINE 4: VISUAL ARTS CENTER'S ENDOWMENT FUNDS CONSIST OF THE FOLLOWING: OUTREACH ENDOWMENT TO BE USED FOR ONE OR MORE OUTREACH PROGRAMS THAT WILL MAKE EDUCATIONAL VISUAL ARTS EXPERIENCES AVAILABLE TO UNDERSERVED, ECONOMICALLY DISADVANTAGED OR MARGINALIZED AUDIENCES. EXHIBITION ENDOWMENT TO BE USED TO GENERATE CAPITAL APPRECIATION AND INCOME FOR THE BENEFIT OF THE ARTS CENTER'S EXHIBITIONS PROGRAMS. SCHOLARSHIP ENDOWMENT TO BE USED FOR THE BENEFIT OF SCHOLARSHIPS FOR OUTREACH PROGRAMS OR FOR INDIVIDUAL SCHOLARSHOPS FOR THOSE TALENTED STUDENTS WHO SHOW ARTISTIC PROMISE AND WHO ARE IN FINANCIAL NEED. BOTH INCOME AND CORPUS MAY BE USED FOR SUCH A PURPOSE. MARYLOU HILLYER ENDOWMENT THE ENDOWMENT SHALL BE USED ONLY FOR OUTREACH PROGRAMS AND EFFORTS, CURATORIAL PROGRAMS AND STUDIO SCHOOL PROGRAMS AND FOR NO OTHER PURPOSES. DEVELOPMENT ENDOWMENT THE PRINCIPAL OF THE DEVELOPMENT ENDOWMENT MAY BE INVADED BY THE ART CENTER SOLELY FOR LONG TERM, STRATEGIC PROJECTS AS DETERMINED AND APPROVED BY THE BOARD. ALL INCOME AND DIVIDEND INCOME SHALL BE PLACED IN A SEPARATE ACCOUNT AND SHOULD BE RESTRICTED TO DEVELOPMENT PROJECTS SUBJECT TO BOARD APPROVAL. CAPITAL GAINS SHOULD BE ADDED BACK TO PRINCIPAL AMOUNT. CAPITAL ENDOWMENT THE PRINCIPAL OF THE CAPITAL ENDOWMENT MAY BE INVADED BY THE ART CENTER ONLY UNDER EXTRAORDINARY OR EMERGENCY CIRCUMSTANCES AND WITH THE PRIOR UNANIMOUS CONCENT OF THE BOARD. THE BOARD SHALL HAVE THE ONE-TIME RIGHT TO SPEND UP TO 50% OF THE PRINCIPAL OF THE CAPITAL ENDOWMENT TO DEFRAY THE BUDGETED COSTS OF EITHER 1) A SUBSTANTIAL ADDITION TO THE EXISTING ART CENTER BUILDING, OR 2) CONSTRUCTION OF A NEW BUILDING LOCATED ADJACENT TO THE PRESENT ART CENTER. ALL INCOME AND DIVIDEND INCOME SHALL BE PLACED IN A SEPARATE ACCOUNT AND SHOULD BE RESTRICTED TO CAPITAL PROJECTS SUBJECT TO BOARD APPROVAL. CAPITAL GAINS SHOULD BE ADDED BACK TO PRINCIPAL AMOUNT. AIDEKMAN-KAYE ENDOWMENT THE INCOME FROM THE ACCOUNT IS TO BE USED FOR GENERAL PURPOSES OF THE CENTER. PART X, LINE 2: THE CENTER DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SWAP AGREEMENT 50,678. SPRING GALA 346947 306669 40278 40278 OTHER EVENTS 8886 8886 355833 315555 40278 40278 40278 0 X X X 0 0 0 0 0 0 0 0 0 MELANIE COHN EXECUTIVE DIRECTOR 132733 0 0 0 0 0 14310 0 10369 0 157412 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 WITH THE AUDIT/FINANCE COMMITTEE AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 BOARD HAS AN HR COMMITTEE TO REVIEW ALL COMPENSATION. INFORMATION RELATED TO COMPARABLE POSITIONS IS PRESENTED TO BOARD WITH RECOMMENDATIONS AND ANY OTHER RELEVANT JOB REQUIREMENTS FOR POSITION. EACH YEAR, THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY AND BENEFIT PACKAGE IS VOTED ON. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON SWAP AGREEMENT 50,678. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR