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Arts, Culture, Humanities : Performing Arts

Academy of Fine Arts

The Academy is an Experience

three stars

80.87

600 Main Street Lynchburg, VA 24504
tel: (434) 528-3256   Web Site
EIN: 23-7061145

Board Leadership
Terry Babbitt
President

CEO
Geoffrey Kershner
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 80.87 three stars
  Financial 92.54 four stars
  Accountability & Transparency 74.00 two stars
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

The Academy of Fine Arts, anchored by the historic Academy of Music Theatre, inspires, engages and educates the diverse population of Central Virginia in the performing and visual arts. We are a leading arts and entertainment destination offering experiences that delight the senses, stimulate the imagination, and engage people of all ages and backgrounds.

The Academy of Fine Arts, anchored by the historic Academy of Music Theatre, inspires, engages and educates the diverse population of Central Virginia in the performing and visual arts. We are a leading arts and entertainment destination offering experiences that delight the senses, stimulate the imagination, and engage people of all ages and backgrounds.

Financial

four stars

92.54

Accountability & Transparency

two stars

74.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.4%
  Administrative Expenses 11.4%
  Fundraising Expenses 12.1%
  Fundraising Efficiency $0.17
  Working Capital Ratio (years) 19.37
  Program Expenses Growth 11.0%
  Liabilities to Assets 2.3%
All data for Financial Performance Metrics calculations was provided by Academy of Fine Arts on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Academy of Fine Arts on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Academy of Fine Arts (VA) 80.87 three stars
Studio Theatre Inc. (DC) 87.87 three stars
The Woodruff Arts Center (GA) 88.46 three stars
University Musical Society (MI) 93.63 four stars
Geffen Playhouse (CA) 95.40 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,192,556
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $221,612
Total Contributions $1,414,168
   Program Service Revenue $615,471
Total Primary Revenue $2,029,639
   Other Revenue $121,930
TOTAL REVENUE $2,151,569
   
EXPENSES  
   Program Expenses $1,318,108
   Administrative Expenses $239,096
   Fundraising Expenses $317,299
TOTAL FUNCTIONAL EXPENSES $1,874,503
   
Payments to Affiliates $0
Excess (or Deficit) for the year $277,066
   
Net Assets $38,378,289

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 12/01/2020 80.87 three stars
2018-12 09/03/2019 81.27 three stars
2017-09 07/01/2018 79.58 two stars
2016-09 06/01/2017 74.38 two stars
2015-09 09/01/2016 65.68 one star
2014-09 06/01/2016 69.83 one star
 
CN 2.0
2014-09 10/01/2015 71.49 two stars
2013-09 11/01/2014 72.88 two stars
2012-09 05/01/2014 75.92 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7061145
Name in IRS Master File ACADEMY CENTER OF THE ARTS INC
NTEE Code A61
NTEE Classification Performing Arts Centers
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 2000
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2018
  • December, 2017
  • September, 2017
  • September, 2016
  • September, 2015
Compensation % of Expenses Paid to Title
$143,577 7.65% Geoffrey Kershner Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Academy of Fine Arts (VA) 80.87 three stars
Michigan Theater Foundation (MI) 89.43 three stars
Park Avenue Armory (NY) 90.31 four stars
Harris Theater (IL) 90.09 four stars
Film Forum (NY) 88.07 three stars

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Charity Contact Info

Academy of Fine Arts
600 Main Street
Lynchburg, VA 24504
tel: (434) 528-3256
EIN: 23-7061145

Visit Web Site

Board Leadership

Terry Babbitt
President

CEO

Geoffrey Kershner
Executive Director

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