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Visual Arts Center Endowment Trust INC

Tax-deductible

Punta Gorda, FL501(c)(3)Since 2008Arts & Culture EIN 26-3606606Revenue $54K in FY2026

On file with the IRS210 Maude St, 33950-3359 · Punta Gorda, FLTax-exempt since Jul 2009Supporting organization — 509(a)(3)

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $57K a year · 153% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $920K in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $920K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$54K
-16% vs prior year
Spent
$65K
To programs
100%
Net assets
$924K
By yearFY2021–FY2026
Revenue
$54K
FY2026▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$71K
FY2022$13K
FY2023−$123K
FY2024$142K
FY2025$65K
FY2026$54K
Expenses
$65K
FY2026▼ -71%
Tap a bar for its year
Expenses by fiscal year
FY2021$47K
FY2022$50K
FY2023$50K
FY2024$126K
FY2025$224K
FY2026$65K
Net assets
$924K
FY2026▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.0M
FY2024$1.0M
FY2025$887K
FY2026$924K

From the FY2026 Form 990 (year ending May 2026) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jul 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $65K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Becky Bovell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sue Krasney
Vice President
$0Pt VII · Sec A
Ronald Olsen
Treasurer
$0Pt VII · Sec A
Denise Henery
Secretary
$0Pt VII · Sec A
See Visual Arts Center Endowment Trust INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages assets from bequests to fund visual arts promotion and appreciation.

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Provided by the organization

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1 program · $65K · in their own filed words · FY2025
01

Receive charitable bequests and devices as asssets to manage and to distribute the proceeds of the management to the charlotte county art guild,inc.

$65Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $127K · 2020–2022
Individual RecipientFY2022$47,444
Individual RecipientFY2021$42,750
Individual RecipientFY2020$36,631

By the numbers

The FY2026 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$54K
Ln 12
Investment incomeLn 3$54K
Money outPt IX
$65K
Ln 25
Programscol B$65K
Owns and owesPt X
$924K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$924K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$54K
Gains on assetsLn 7$30K
Total revenueLn 12$54K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$920K
Total assetsLn 16$924K
LiabilitiesLn 26$0
Net assetsLn 32$924K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$5K$4K
InvestmentsLn 11–13$882K$920K
Total assetsLn 16$887K$924K
LiabilitiesLn 26$0$0
Net assetsLn 32$887K$924K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$58K$58K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$2K$2K
Total functional expensesLn 25$65K$65K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $54K$65K−$11K$924K 990 PDF
FY2025 $65K$224K−$159K$887K 990 PDF
FY2024 $142K$126K$17K$1.0M 990 PDF
FY2023 −$123K$50K−$173K$1.0M 990 PDF
FY2022 $13K$50K−$37K$1.1M 990 PDF
FY2021 $71K$47K$24K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2026 990 (6 parts)
Part I · Summary $54,024 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $64,588$54,024
I-11 Other revenue$0
I-12 Total revenuePrior year $64,688$54,024
I-13 Grants and similar amounts paidPrior year $222,105$58,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,837$7,217
I-18 Total expensesPrior year $223,942$65,217
I-19 Revenue less expensesPrior year −$159,254−$11,193
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $54,024 across 4 lines filed
VIII-3 Investment incomeRelated to mission $23,647$23,647
VIII-7 Net gain or loss on sales of assetsRelated to mission $30,377$30,377
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $54,024 · Unrelated business $0 · Excluded from tax $0$54,024
Part IX · Statement of functional expenses $65,217 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $58,000$58,000
IX-12 Advertising and promotionPrograms $5,000$5,000
IX-13 Office expensesPrograms $2,217$2,217
IX-25 Total functional expensesPrograms $65,217 · Management $0 · Fundraising $0$65,217
Part X · Balance sheet $924,192 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $4,643$3,885
X-11 Publicly traded securitiesStart of year $882,089$920,307
X-16 Total assetsStart of year $886,732$924,192
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $886,732$924,192
X-33 Total liabilities and net assetsStart of year $886,732$924,192
Part XI · Reconciliation of net assets $924,192 net assets at year end
XI-1 Total revenue$54,024
XI-2 Total expenses$65,217
XI-3 Revenue less expenses−$11,193
XI-4 Net assets at start of year$886,732
XI-5 Net unrealized gains (losses) on investments$48,653
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$924,192

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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