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Filing year 2024

ACADEMY CENTER OF THE ARTS INC

Lynchburg, Virginia·EIN 23-7061145·NTEE A61 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$5.3M
Total assets
$41.7M
Total expenses
$6.2M
Reported officers
29
Mission

THE ORGANIZATION'S MISSION IS TO CULTIVATE A HEALTHIER AND MORE INTERCONNECTED COMMUNITY THROUGH CULTURAL INFRASTRUCTURE AND COMMUNITY-BUILDING ARTS PROGRAMS.THROUGH THE ACADEMY, COMMUNITY HEALTH AND INTERCONNECTIVITY WILL BE CULTIVATED THROUGH:-PROGRAMS THAT INSPIRE INDIVIDUALS OF ALL AGES, UNLOCKING THEIR INHERENT POTENTIAL AND NURTURING SOCIAL BONDS.-STATE-OF-THE-ART FACILITIES AND DEDICATED SUPPORT STAFF THAT ELEVATE OTHER LOCAL ARTS INSTITUTIONS AND CULTURAL ACTIVITIES.-ACTIVITIES THAT ENGAGE BROAD AUDIENCES, WITH SPECIAL EMPHASIS ON ADDRESSING LIMITED ACCESS TO COMMUNITY NETWORKS BY FOSTERING COLLABORATION AND EXPANDING OPPORTUNITIES FOR PERSONAL GROWTH.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Virginia.

Chief Executive Officer
Median to 75th percentile
$136k
$144k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 28 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at ACADEMY CENTER OF THE ARTS INC equaled 2% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2024)
2%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held steady
from 2023

From $134k in 2023 to $136k in 2024.

$134k
2023
$136k
2024
In today's dollarsEst.
Down 2% in real terms$147k to $144k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 1% from 2023 to 2024, while revenue rose 109%.

$134k in 2023 to $136k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about ACADEMY CENTER OF THE ARTS INC

What does the Chief Executive Officer of ACADEMY CENTER OF THE ARTS INC earn?

In 2024, the Chief Executive Officer of ACADEMY CENTER OF THE ARTS INC received $135,584 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Virginia, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ACADEMY CENTER OF THE ARTS INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in Virginia, the 2024 pay of the Chief Executive Officer at ACADEMY CENTER OF THE ARTS INC falls between the median and the 75th percentile. In 2024, the highest total compensation at ACADEMY CENTER OF THE ARTS INC equaled 2% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are ACADEMY CENTER OF THE ARTS INC's revenue and expenses?

In 2024, ACADEMY CENTER OF THE ARTS INC reported $5.3M in total revenue and $6.2M in total expenses on its IRS Form 990.

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