Volcano Art Center FY2022 filing

Tax-deductible

Volcano, HI501(c)(3)Since 1975Arts & CultureEIN 99-0162321

The volcano art center's (vac) mission is to promote, develop, and perpetuate the artistic and cultural heritage of hawaii's people and environment through activities in the visual, literal, and performance arts. The vac seeks to share the mission with a broad range of individuals, groups, and communities who share common interests and goals.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $11K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $44K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$91K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+22% vs prior year
Spent
$971K
To programs
81%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$1.0M
FY2022▲ +22%
Revenue by fiscal year
FY2020$570K
FY2021$835K
FY2022$1.0M
FY2023$1.1M
FY2024$1.1M
FY2024$1.0M
Expenses
$971K
FY2022▲ +32%
Expenses by fiscal year
FY2020$688K
FY2021$733K
FY2022$971K
FY2023$1.1M
FY2024$1.2M
FY2024$1.1M
Net assets
$1.7M
FY2022▲ +3%
Net assets by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.7M
FY2023$1.7M
FY2024$1.6M
FY2024$1.5M

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1984.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $789K Management & general 16% · $153K Fundraising 3% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$59,632Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Nelson’s $71K as Executive Di is at the 12th percentile of top reported officer pay among 3925 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michael Nelson$70,702$67,734$62,920$59,632$46,640$57,601
Jesse Tunison$5,541$6,475$2,000—$4,624$4,513
Zach Mermel$1,480$300————
Vicki Penney-Rohner$1,400$1,000————
Ken Charon————$838$600
Barbara Dunn—$700————
Julie Williams—————$325
William Hamilton————$283$265

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Volcano Art Center 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 15aYes

Programs and updates

Promotes Hawaii's art and culture through visual, literary, and performance activities.

Provided by the organization

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2 program services account for $789K of program spending, described in the organization's own filed words · FY2021.
01

Volcano art gallery provides interpretive services for the historic 1877 volcano house building for visitors to hawaii volcanoes national park as a marketplace for arts by local artists.

$716Kprogram expense
02

Educational and cultural programs provided in the arts for the community and visitors to hawaii volcanoes national park.

$73Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$44K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$862K
Gifts and grantsLn 1h$130K
Other incomeLn 4–11$29K
Money outPt IX
$971K
Ln 25
Programscol B$789K
Managementcol C$153K
Fundraisingcol D$29K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$529K
Total assetsLn 16$1.8M
LiabilitiesLn 26$91K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$130K
Government grantsLn 1e$23K
Noncash giftsLn 1g$21K
Fundraising eventsLn 1c$29K
Fees for servicesLn 2g$862K
Investment incomeLn 3$1K
Other incomeLn 4–11$29K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$409K
SavingsLn 2$120K
Cash and savings togetherLn 1–2$529K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$6K
Total assetsLn 16$1.8M
LiabilitiesLn 26$91K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 514
VolunteersI 671
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$371K$529K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$1.7M$1.8M
LiabilitiesLn 26$72K$91K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$74K$60K$11K$4K
Other salaries and wagesLn 7$309K$247K$46K$15K
Other employee benefitsLn 9$133K$107K$20K$7K
Legal feesLn 11b$331$248$83
Accounting feesLn 11c$10K$8K$3K
Other fees for servicesLn 11g$41K$39K$2K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$80K$60K$20K$25
Information technologyLn 14$26K$19K$6K
OccupancyLn 16$73K$57K$13K$3K
TravelLn 17$3K$2K$754
Depreciation, depletion and amortizationLn 22$86K$65K$22K
InsuranceLn 23$13K$9K$3K
Other expenses (24a–d)Ln 24$107K$101K$6K
All other expensesLn 24e$2K$1K$383
Total functional expensesLn 25$971K$789K$153K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$1.2M−$131K$1.6M 990 PDF
FY2023 $1.1M$1.1M$38K$1.7M 990 PDF
FY2022 Viewing $1.0M$971K$52K$1.7M 990 PDF
FY2021 $835K$733K$102K$1.7M 990 PDF
FY2020 $570K$688K−$119K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,022,554 across 12 lines filed
VIII-1b Membership dues$45,612
VIII-1c Fundraising events$29,423
VIII-1e Government grants$23,396
VIII-1f All other contributions, gifts and grants$31,745
VIII-1g Noncash contributions (included above)$20,578
VIII-1h Total contributions, gifts and grants$130,176
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $862,082$862,082
VIII-3 Investment incomeExcluded from tax $1,246$1,246
VIII-6 Net rental income or lossExcluded from tax $1,774$1,774
VIII-8 Net income from fundraising eventsExcluded from tax $20,626$20,626
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,650$6,650
VIII-12 Total revenueRelated to mission $868,732 · Excluded from tax $23,646$1,022,554
Part IX · Statement of functional expenses $970,735 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $59,579 · Management $11,171 · Fundraising $3,724$74,474
IX-7 Other salaries and wagesPrograms $247,271 · Management $46,364 · Fundraising $15,455$309,090
IX-9 Other employee benefitsPrograms $106,576 · Management $19,983 · Fundraising $6,661$133,220
IX-11b Legal feesPrograms $248 · Management $83$331
IX-11c Accounting feesPrograms $7,692 · Management $2,564$10,256
IX-11g Other fees for servicesPrograms $39,237 · Management $1,928$41,165
IX-12 Advertising and promotionPrograms $13,534$13,534
IX-13 Office expensesPrograms $60,212 · Management $19,944 · Fundraising $25$80,181
IX-14 Information technologyPrograms $19,135 · Management $6,379$25,514
IX-16 OccupancyPrograms $57,331 · Management $12,856 · Fundraising $2,681$72,868
IX-17 TravelPrograms $2,260 · Management $754$3,014
IX-22 Depreciation, depletion and amortizationPrograms $64,751 · Management $21,584$86,335
IX-23 InsurancePrograms $9,445 · Management $3,148$12,593
IX-24 Other expenses (24a–d)Programs $100,954 · Management $5,673$106,627
IX-24e All other expensesPrograms $1,150 · Management $383$1,533
IX-25 Total functional expensesPrograms $789,375 · Management $152,814 · Fundraising $28,546$970,735
Part X · Balance sheet $1,792,715 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $259,581$408,609
X-2 Savings and temporary cash investmentsStart of year $111,824$120,166
X-4 Accounts receivableStart of year $23,567$13,557
X-8 Inventories for sale or useStart of year $9,237$8,148
X-9 Prepaid expenses and deferred chargesStart of year $299$10,891
X-10c Land, buildings and equipment, netStart of year $1,311,235$1,224,899
X-15 Other assetsStart of year $6,445$6,445
X-16 Total assetsStart of year $1,722,188$1,792,715
X-17 Accounts payable and accrued expensesStart of year $71,882$90,590
X-26 Total liabilitiesStart of year $71,882$90,590
X-27 Net assets without donor restrictionsStart of year $1,604,221$1,669,870
X-28 Net assets with donor restrictionsStart of year $46,085$32,255
X-32 Total net assets or fund balancesStart of year $1,650,306$1,702,125
X-33 Total liabilities and net assetsStart of year $1,722,188$1,792,715
Part XI · Reconciliation of net assets $1,702,125 net assets at year end
XI-1 Total revenue$1,022,554
XI-2 Total expenses$970,735
XI-3 Revenue less expenses$51,819
XI-4 Net assets at start of year$1,650,306
XI-10 Net assets at end of year$1,702,125

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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