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Nonprofit · EIN 71-0502726

VILLAGE ART CLUB INC

Tax-exempt · BENTONVILLE, AR 72712

Financials

$143K$149K2023$183K$173K2024
Revenue Expenses · by fiscal year end
Financials of VILLAGE ART CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$182,528$173,229$9,299$485,899$8,403$477,496
December 31, 2023990$142,809$149,472-$6,663$487,025$18,828$468,197
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,590
Membership dues
$2,340
Program service revenue
$169,521
Investment income
$10,417
Net gain from sales of assets
$5,252
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$9,323
Salaries, compensation and benefits (total)
$9,323
Professional fundraising fees
$0
Accounting fees
$3,830
Occupancy
$13,710
Depreciation
$3,089
Program services (functional)
$154,828
Management and general (functional)
$18,401

Balance sheet and other

Total assets, start of year
$487,025
Total assets, end of year
$485,899
Total liabilities, end of year
$8,403
Net assets, end of year
$477,496
Land, buildings and equipment
$231,039
Net assets without donor restrictions
$477,496
Gross unrelated business income
$10,417
Gross receipts
$182,528
Employees
0
Volunteers
70
Year formed
1975
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
BILL CROFTDIRECTOR, GALLERY FACILITA
Trustee or director
15$2,106
MERIBETH HOBBSCO-TREASURER
Officer
10$1,700
DENISE WILLIAMSONDIRECTOR
Trustee or director
10$0
CATHY CHANINDIRECTOR
Trustee or director
2$0
SANDY POGUEDIRECTOR
Trustee or director
1$0
MARY SINKUSCO-TREASURER
Officer
5$0
MARCY EFFINGERPRESIDENT
Officer
2$0
MAYRA BENZCO-VICE PRESIDENT
Officer
1$0
LENORA BABBSECRETARY
Officer
3$0
ROSIE FLOYDCO-VICE PRESIDENT
Officer
2$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
MARY SINKUSCO-TREASURER
Officer
5$3,739
MARCY EFFINGERPRESIDENT
Officer
2$3,362
BILL CROFTDIRECTOR, GALLERY FACILITATOR
Trustee or director
15$2,586
CATHY CHANINDIRECTOR
Trustee or director
2$1,300
MAYRA BENZCO-VICE PRESIDENT
Officer
1$1,229
LENORA BABBSECRETARY
Officer
3$1,162
DENISE WILLIAMSONDIRECTOR
Trustee or director
10$0
SANDY POGUEDIRECTOR
Trustee or director
1$0
ROSIE FLOYDCO-VICE PRESIDENT
Officer
2$0
MERIBETH HOBBSCO-TREASURER
Officer
10$0

Address and contacts

Address (IRS master file)
8862 W MCNELLY RD, BENTONVILLE, AR 72712-9026
Principal officer (990 for 2024)
MARIBETH HOBBS, 8862 MCNELLY RD, BENTONVILLE, AR 72712
Signed the 990
MARIBETH HOBBS, TREASURER
Phone
(479) 366-0598
Return prepared by
STAFFORD & WESTERVELT CHARTERED

Mission

TO AWARD SCHOLARSHIPS TO STUDENTS PURSUING THE ARTS, PROVIDE ONGOING ART EDUCATION, AND PROVIDE A VENUE FOR SALE OF MEMBER ART AND CRAFTS.

990 for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIP PROGRAM AIMED TO SUPPORT STUDENTS PURSUING DEGREES IN THE ARTS AND ART RELATED STUDIES. WE ALSO PROVIDE GRANTS TO LOCAL ART PROGRAMS WITHIN ELEMENTARY SCHOOLS.
    Expenses $6,000
  • THE WISHING SPRING GALLERY PROVIDES A VENUE FOR SALE OF MEMBER ART AND CRAFT ITEMS. PROCEEDS ASSIST WITH THE ONGOING OPERATIONS OF THE ORGANIZATION AND ASSIST IN COMPLETION OF THE ORGANIZATION'S MISSION.
    Expenses $90,113 · revenue $99,523
  • THE CLAY STUDIO PROVIDES A SPACE FOR ONGOING ART EDUCATION AND AWARENESS.
    Expenses $55,791 · revenue $59,797
  • AN ANNUAL ARTS AND CRAFTS FESTIVAL IS HELD BY THE ORGANIZATION. LOCAL ARTISTS ARE INVITED TO SHOWCASE AND SELL THEIR OWN ART AND CRAFT ITEMS AT THIS EVENT.
    Expenses $2,924 · revenue $10,200

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
71-0502726
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
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$485,899
Income (IRS master file)
$182,528

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$182,528$173,229$485,899XML
990December 2023$142,809$149,472$487,025XML
990December 2022$0$299,877$393,917IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 71-0502726).

Questions about VILLAGE ART CLUB INC

What is the EIN of VILLAGE ART CLUB INC?
The employer identification number (EIN) of VILLAGE ART CLUB INC is 71-0502726.
Is VILLAGE ART CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to VILLAGE ART CLUB INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VILLAGE ART CLUB INC 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 VILLAGE ART CLUB INC 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 VILLAGE ART CLUB INC 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 VILLAGE ART CLUB INC?
The 990 for the year ended December 31, 2024 names MARIBETH HOBBS.
Who are the officers and directors of VILLAGE ART CLUB INC?
The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $2,106 (BILL CROFT, DIRECTOR, GALLERY FACILITA).
How much revenue does VILLAGE ART CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $182,528, expenses of $173,229 and total assets of $485,899 at year end.

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