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Nonprofit · EIN 03-0190572

TRUSTEES OF THE TW WOOD GALLERY

Also known as TW WOOD GALLERY

Tax-exempt · MONTPELIER, VT 05602

Financials

$280K$297K2023$295K$329K2024
Revenue Expenses · by fiscal year end
Financials of TRUSTEES OF THE TW WOOD GALLERY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$294,965$328,928-$33,963$635,968$335,782$300,186
December 31, 2023990$280,040$296,687-$16,647$683,081$348,932$334,149
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$35,930
of which government grants
$5,000
Membership dues
$2,155
Program service revenue
$257,415
Investment income
$1,620
Net gain from sales of assets
$1,620
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$65,770
Salaries, compensation and benefits (total)
$210,590
Professional fundraising fees
$0
Accounting fees
$7,845
Occupancy
$46,378
Travel
$619
Program services (functional)
$213,865
Management and general (functional)
$95,038
Fundraising (functional)
$20,025

Balance sheet and other

Total assets, start of year
$683,081
Total assets, end of year
$635,968
Total liabilities, end of year
$335,782
Net assets, end of year
$300,186
Land, buildings and equipment
$523,597
Gross receipts
$298,991
Employees
17
Volunteers
7
Year formed
1863
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Sabrina FadialExecutive Director
Key employee, Highest-paid employee
40$65,769
Miccal MCMullenTrustee
Trustee or director
5$0
Justin TurcotteTrustee
Trustee or director
5$0
Jack McCulloughTrustee
Trustee or director
5$0
Therese MageauPresident
Trustee or director, Officer
10$0
Elliott BentTreasurer
Trustee or director, Officer
10$0
Phillip RobertsonSecretary
Trustee or director, Officer
10$0
Niki SabadoTrustee
Trustee or director
5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
Margaret ColemanExecutive Director
Key employee, Highest-paid employee
40$36,277
Sabrina FadialExecutive Director
Key employee
40$28,313
Therese MageauPresident
Trustee or director, Officer
10$0
Elliott BentTreasurer
Trustee or director, Officer
10$0
Phillip RobertsonSecretary
Trustee or director, Officer
10$0
Miccal MCMullenTrustee
Trustee or director
5$0
Justin TurcotteTrustee
Trustee or director
5$0
Jack McCulloughTrustee
Trustee or director
5$0

Address and contacts

Address (IRS master file)
46 BARRE ST, MONTPELIER, VT 05602-3508
Principal officer (990 for 2024)
Elliott Bent, 46 Barre Street, Montpelier, VT 05602
Signed the 990
Elliott Bent, Treasurer
Phone
(802) 262-6035

Mission

Community enhancement through the exhibit of art from the collections and contemporary artists, arts education and community engagement.

990 for the year ended December 31, 2024

Program accomplishments

  • Educational Programs: Approximately 250 children sessions were attended in art education programs over the course of the year (after school, breaks and summer camps). These programs were designed to stimulate the imagination and creativity of our youngest constituents. We also began offering a reinvigorated adult education program.
    Expenses $185,831 · revenue $250,238
  • Art Exhibits: The gallery welcomed approximately 6,000 visitors to varied art exhibits of the permanent collections, feature local artists and numerous Vermont based arts organizations.
    Expenses $18,386 · revenue $7,801
  • Curatorial: TWW maintains, preserves and exhibits a collection of over 2,000 artworks. These collections are a treasured community asset exhibited onsite and shared with Vermont institutions including the Vermont State House, Vermont Historical Society, Montpelier City Hall and the Kellogg Hubbard Library. Per our mission, in 2024 we acquired another TW Wood Painting in private sale for our collection titled Hannah Binding Shoes.
    Expenses $9,648 · revenue $14,177

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
03-0190572
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$635,968
Income (IRS master file)
$298,991

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$294,965$328,928$635,968XML
990December 2023$280,040$296,687$683,081XML
990December 2022$204,379$228,765$708,545IRS
990December 2021$237,981$194,331$744,389IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0190572).

Questions about TRUSTEES OF THE TW WOOD GALLERY

What is the EIN of TRUSTEES OF THE TW WOOD GALLERY?
The employer identification number (EIN) of TRUSTEES OF THE TW WOOD GALLERY is 03-0190572.
Is TRUSTEES OF THE TW WOOD GALLERY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Are donations to TRUSTEES OF THE TW WOOD GALLERY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TRUSTEES OF THE TW WOOD GALLERY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TRUSTEES OF THE TW WOOD GALLERY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TRUSTEES OF THE TW WOOD GALLERY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TRUSTEES OF THE TW WOOD GALLERY?
The 990 for the year ended December 31, 2024 names Elliott Bent.
Who are the officers and directors of TRUSTEES OF THE TW WOOD GALLERY?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $65,769 (Sabrina Fadial, Executive Director).
How much revenue does TRUSTEES OF THE TW WOOD GALLERY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $294,965, expenses of $328,928 and total assets of $635,968 at year end.

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