Nonprofit · EIN 45-5196864
THE FAYETTEVILLE ART ALLIANCE
Tax-exempt · FAYETTEVILLE, AR 72702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $205,224 | $312,095 | -$106,871 | $49,019 | $11,026 | $37,993 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $154,831
- of which government grants
- $100,000
- Membership dues
- $300
- Program service revenue
- $50,393
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $78,125
- Other salaries and wages
- $59,619
- Salaries, compensation and benefits (total)
- $154,490
- Professional fundraising fees
- $0
- Accounting fees
- $20,182
- Occupancy
- $31,807
- Travel
- $1,624
- Program services (functional)
- $259,949
- Management and general (functional)
- $41,339
- Fundraising (functional)
- $10,807
Balance sheet and other
- Total assets, start of year
- $152,698
- Total assets, end of year
- $49,019
- Total liabilities, end of year
- $11,026
- Net assets, end of year
- $37,993
- Net assets without donor restrictions
- $19,244
- Net assets with donor restrictions
- $18,749
- Gross receipts
- $205,224
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- AR
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sharon Killian | President Trustee or director | 10 | $0 |
| Karolyn Farrell | Secretary Trustee or director | 5 | $0 |
| Kent Oliver | Treasurer Trustee or director | 2 | $0 |
| Quintin Canada | Board Member Trustee or director | 2 | $0 |
| Craig Underwood | Board Member Trustee or director | 2 | $0 |
| Syard Evans | Board Member Trustee or director | 2 | $0 |
| Esther Silver Parker | Board Member Trustee or director | 2 | $0 |
| Ana Aguayo | Board Member Trustee or director | 2 | $0 |
| Jennifer Greenhill | Board Member Trustee or director | 2 | $0 |
| Paige Phillips | Board Member Trustee or director | 2 | $0 |
| Brie Madden | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1925, FAYETTEVILLE, AR 72702-1925
- In care of
- % ELIOT H KAMINSKY
- Mailing address (990-N for 2024)
- 20 S Hill Ave, Fayetteville AR 72701
- Principal officer (990 for 2023)
- Sharon Killian, 20 S Hill Ave, Fayetteville, AR 72701
- Principal officer (990-N for 2024)
- Sharon Killian, 20 S Hill Ave, Fayetteville AR 72701
- Signed the 990
- Sharon Killian, President
- Phone
- (479) 871-2722
- Website
- www.artventures-nwa.org
- Return prepared by
- Luis A Negreros LLC
Mission
Art Ventures is an incubator for diverse local/regional artists and conducts K-12 art education/exhibitions, curatorial internships, and community engagement.
Program accomplishments
- Art Ventures has fostered substantive advancements in the practices and lives of the diversity of artists we champion into the mainstream of NWA arts. Our efforts are deep, inculcating our mission and vision that art is for everyone through AV's K-12 Gallery Initiative providing programming for both the public school system and the home-schooled students through the gallery phase of art practice, the Sharon Killian Curatorial Internship in association with UA School of Art and the NWA Community College, and community collaborations to provide additional services to marginalized communities. Our talks and receptions are scheduled monthly both in our main gallery and off-site exhibition sites which include Theatre Squared, Fayetteville Public Library, Jim and Joyce Faulkner Performing Arts Center, and Fayetteville Chamber of Commerce. Art Ventures impacts the cultural arts and the ecosystem in a continuum that has inclusion and diversity at its base and we are proud of this achievement for local communities, for the NWA region, and for Arkansas.Expenses $259,949
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5196864
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A20)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2024 Officer: Sharon Killian | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $205,224 | $312,095 | $49,019 | XML |
| 990 | December 2022 | $291,969 | $402,762 | $152,698 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 45-5196864).
Questions about THE FAYETTEVILLE ART ALLIANCE
- What is the EIN of THE FAYETTEVILLE ART ALLIANCE?
- The employer identification number (EIN) of THE FAYETTEVILLE ART ALLIANCE is 45-5196864.
- Is THE FAYETTEVILLE ART ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE FAYETTEVILLE ART ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FAYETTEVILLE ART ALLIANCE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE FAYETTEVILLE ART ALLIANCE 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 THE FAYETTEVILLE ART ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2024 for the year ended December 31, 2024.
- Who is the principal officer of THE FAYETTEVILLE ART ALLIANCE?
- The 990 for the year ended December 31, 2023 names Sharon Killian.
- Who are the officers and directors of THE FAYETTEVILLE ART ALLIANCE?
- The 990 for the year ended December 31, 2023 lists 11 people; 0 received compensation from the organization.
- How much revenue does THE FAYETTEVILLE ART ALLIANCE have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $205,224, expenses of $312,095 and total assets of $49,019 at year end.
Other nonprofits in FAYETTEVILLE
- WALTON ARTS CENTER COUNCIL INC EIN 71-0647212 · last filed 990 for 2025
- THEATRE SQUARED INC EIN 20-1016258 · last filed 990 for 2025
- RICK C & BELINDA G FOUNDATION EIN 45-3970505 · last filed 990-PF for 2025
- MODERN QUILT GUILD INC EIN 45-4151809 · last filed 990-N for 2024
- SYMPHONY ORCHESTRA OF NORTHWEST ARKANSAS EIN 23-7439184 · last filed 990 for 2025
- NORTHWEST ARKANSAS COMMUNITYCREATIVE CENTER EIN 26-0166277 · last filed 990 for 2025
- WALTON ARTS CENTER FOUNDATION INC EIN 71-0646963 · last filed 990 for 2025
- USING ART TO CREATE A BETTER WORLD EIN 46-5181948 · last filed 990 for 2024
All nonprofits in FAYETTEVILLE · Arkansas · Arts, culture and humanities