2026-06-01T15:59:09-05:00 2025-12-31 541953476 DAVIDSON DOYLE & HILTON LLP PO BOX 800 LYNCHBURG VA 245050800 990 2025-01-01 237061145 ACADEMY CENTER OF THE ARTS INC ACAD 4345283256 600 MAIN STREET LYNCHBURG VA 24504 GEORGE ZIPPEL TREASURER 4345283256 2026-05-28 1 AMY A GALLAGHER CPA P00884747 4348467611 2025 2025-03-06 01:10:19Z GEORGE ZIPPEL 600 MAIN STREET LYNCHBURG VA 24504 11015364 0 X WWW.ACADEMYCENTER.ORG X 2003 VA THE ORGANIZATION'S MISSION IS TO CULTIVATE A HEALTHIER AND MORE INTERCONNECTED COMMUNITY THROUGH CULTURAL INFRASTRUCTURE AND COMMUNITY-BUILDING ARTS PROGRAMS.THROUGH THE ACADEMY, COMMUNITY HEALTH AND INTERCONNECTIVITY WILL BE CULTIVATED THROUGH:-PROGRAMS THAT INSPIRE INDIVIDUALS OF ALL AGES, UNLOCKING THEIR INHERENT POTENTIAL AND NURTURING SOCIAL BONDS.-STATE-OF-THE-ART FACILITIES AND DEDICATED SUPPORT STAFF THAT ELEVATE OTHER LOCAL ARTS INSTITUTIONS AND CULTURAL ACTIVITIES.-ACTIVITIES THAT ENGAGE BROAD AUDIENCES, WITH SPECIAL EMPHASIS ON ADDRESSING LIMITED ACCESS TO COMMUNITY NETWORKS BY FOSTERING COLLABORATION AND EXPANDING OPPORTUNITIES FOR PERSONAL GROWTH. 22 22 65 146 0 0 1768816 2994910 2732318 2713184 426987 1278638 400078 420367 5328199 7407099 0 0 0 0 1726909 1648886 0 0 555255 4513813 4504961 6240722 6153847 -912523 1253252 41715194 43302481 914758 839759 40800436 42462722 X THE ORGANIZATION'S MISSION IS TO CULTIVATE A HEALTHIER AND MORE INTERCONNECTED COMMUNITY THROUGH CULTURAL INFRASTRUCTURE AND COMMUNITY-BUILDING ARTS PROGRAMS.THROUGH THE ACADEMY, COMMUNITY HEALTH AND INTERCONNECTIVITY WILL BE CULTIVATED THROUGH:-PROGRAMS THAT INSPIRE INDIVIDUALS OF ALL AGES, UNLOCKING THEIR INHERENT POTENTIAL AND NURTURING SOCIAL BONDS.-STATE-OF-THE-ART FACILITIES AND DEDICATED SUPPORT STAFF THAT ELEVATE OTHER LOCAL ARTS INSTITUTIONS AND CULTURAL ACTIVITIES.-ACTIVITIES THAT ENGAGE BROAD AUDIENCES, WITH SPECIAL EMPHASIS ON ADDRESSING LIMITED ACCESS TO COMMUNITY NETWORKS BY FOSTERING COLLABORATION AND EXPANDING OPPORTUNITIES FOR PERSONAL GROWTH. 0 0 5023817 2987417 PROMOTION OF THE CREATIVE ARTS IN THE CENTRAL VIRGINIA AREA, THE ACADEMY PROVIDES 237 ART CLASSES OVER VARYING PERIODS FOR PERSONS RANGING FROM YOUNG CHILDREN TO SENIOR CITIZENS. OVER 4,871 PERSONS WERE SERVED VIA THESE CLASSES. THE ACADEMY ALSO PRESENTS ART SHOWS IN ITS GALLERY AND AT OTHER SPACES THROUGHOUT THE COMMUNITY. THESE PRESENTATIONS GIVE LOCAL ARTISTS A VENUE TO DISPLAY THEIR TALENTS. IT ALSO ALLOWS MEMBERS OF THE COMMUNITY TO BE ABLE TO VIEW QUALITY ARTWORK WITHOUT HAVING TO TRAVEL OUTSIDE OF THE GENERAL AREA. 133790 THE ACADEMY IS ALSO INVOLVED IN THE RESTORATION OF THE HISTORIC ACADEMY OF MUSIC THEATER IN LYNCHBURG, VIRGINIA. THE ACADEMY OF MUSIC THEATER IS A BUILDING DATING TO THE EARLY 1900'S. IT IS BOTH HISTORICALLY AND ARCHITECTURALLY SIGNIFICANT TO THE LYNCHBURG AREA. THE THEATER PLAYED HOST TO SOME OF THE GREAT NAMES OF AMERICAN ENTERTAINMENT IN THE DAYS BEFORE MOVING PICTURES. THE EXPENSES ASSOCIATED WITH THIS ACTIVITY ARE PRESENT IN THE BALANCE SHEET IN THAT MOST, IF NOT ALL, EXPENDITURES ARE FOR CAPITALIZED ITEMS. 5157607 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 105 0 1 65 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 VA X THE ORGANIZATION 4345283256 600 MAIN STREET LYNCHBURG VA 24504 X JOSEPH TUCKER MEMBER 3.00 X 0 0 0 EMILY CROWDER MEMBER 1.00 X 0 0 0 JESSICA CLARKSON MEMBER 1.00 X 0 0 0 ANTONIO DAVIS MEMBER 1.00 X 0 0 0 DERRICK BROWN MEMBER 1.00 X 0 0 0 JAMES WRIGHT PRESIDENT 2.00 X X 0 0 0 ANDREA HARRIS MEMBER 1.00 X 0 0 0 CATHERINE VARNER VICE PRESIDENT 1.00 X X 0 0 0 ALISHA CHILDRESS MEMBER 2.00 X 0 0 0 JAMES WATKINS MEMBER 1.00 X 0 0 0 SUE OTT ROWLANDS MEMBER 1.00 X 0 0 0 PAUL MCWANE MEMBER 1.00 X 0 0 0 WALKER SIGLER MEMBER 2.00 X 0 0 0 ULA KAUPPI MEMBER 1.00 X 0 0 0 ALISON MORRISON SHETLAR MEMBER 1.00 X 0 0 0 PHYLLISTINE MOSLEY MEMBER 1.00 X 0 0 0 MARIA HAYDEN SECRETARY 1.00 X X 0 0 0 TIM SMITH MEMBER 1.00 X 0 0 0 DARLENE WALLACE MEMBER 1.00 X 0 0 0 GEORGE ZIPPEL TREASURER 1.00 X X 0 0 0 ROBERT TAYLOR MEMBER 1.00 X 0 0 0 AMY KOWALSKI MEMBER 1.00 X 0 0 0 GEOFFREY KERSHNER CHIEF EXECUTIVE OFFICER 40.00 X 129905 0 3218 129905 0 3218 1 0 0 0 0 78720 2916190 2994910 PERFORMANCE INCOME 711300 2403646 2403646 ARTS AND EDUCATION 711300 309538 309538 2713184 117890 117890 233767 0 233767 233767 233767 4720030 3559282 1160748 1160748 1160748 195117 48983 146134 146134 MISCELLANEOUS 900099 40466 40466 40466 7407099 2987417 0 1424772 129905 38972 32476 58457 1346683 1038937 100417 207329 22087 16123 1988 3976 38123 27830 3431 6862 112088 81824 10088 20176 14450 14450 16674 16674 33483 33483 255404 191553 63851 55849 35743 15079 5027 280860 210645 42129 28086 17579 11498 6081 5731 5731 1164146 1047730 11642 104774 114384 1244 113140 PROGRAM EXPENSES 2058555 2058555 REPAIRS AND MAINTENANCE 167237 133790 25085 8362 TAXES, LICENSES, AND PE 79772 79772 BANK FEES 74505 73202 1303 166332 115956 9405 40971 6153847 5157607 440985 555255 4100 4775 763233 531500 394559 1261551 37349 40582 96711 59762 38377083 4624904 34530948 33752179 3571634 4268832 2316660 3383300 41715194 43302481 59427 158264 451499 402623 215328 131030 188504 147842 914758 839759 X 36885370 37047648 3915066 5415074 40800436 42462722 41715194 43302481 X 1253252 -705430 1114464 X X 0 1 X 1 0 X 1829082 1290685 1252709 1768816 2994910 9136202 490059 586426 1132342 2754929 2753650 7717406 164458 174436 61102 168427 195118 763541 2483599 2051547 2446153 4692172 5943678 17617149 0 0 0 17617149 92787 102513 260373 386519 351657 1193849 92787 102513 260373 386519 351657 1193849 2576386 2154060 2706526 5078691 6295335 18810998 0.93650 0.93620 0.06350 0.06380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3571634 635617 561163 482908 16674 4268832 2871671 203280 619899 106752 16464 3571634 2603718 124146 256858 96750 16301 2871671 2556258 551331 -400835 87500 15536 2603718 2146391 133774 372279 82000 14186 2556258 0.19000 0.81000 0 0 216688 216688 35054754 3225647 31829107 2532644 1322857 1209787 572997 76400 496597 33752179 CASH RESTRICTED FOR SPECIFIC PURPOSES 76 CASH SURRENDER VALUE LIFE INSURANCE 111242 INVESTMENT IN SUBSIDIARY 3251273 SECURITY DEPOSIT 3000 DEFERRED REVENUE 1500 OPERATING LEASE RIGHT OF USE ASSET 16209 3383300 ACCRUED EXPENSES 130133 OPERATING LEASE OBLIGATIONS 17709 147842 X 6684995 -705430 -705430 7390425 16674 16674 7407099 6325579 188406 188406 6137173 16674 16674 6153847 PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBED A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2025. FISCAL YEARS ENDING ON OR AFTER DECEMBER 31, 2022 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE 188,406. GALA 195117 195117 48983 195117 195117 48983 48983 146134 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE WILL REVIEW THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS ARE REQUIRED TO COMPLETE THE ACADEMY'S CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE BUSINESS OFFICE FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE BUSINESS OFFICE FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE DEPRECIATION 1,114,464. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR