2024-05-06T10:54:55-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-07-01 160991020 VISUAL STUDIES WORKSHOP INC VISU 5854428676 31 PRINCE STREET ROCHESTER NY 14607 JESSICA JOHNSTON DIRECTOR 5854428676 2024-05-15 1 JESSICA JOHNSTON XXX-XX-XXXX 0 KATHERINE VANBRAMER P01523969 5854231860 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JESSICA JOHNSTON 31 PRINCE STREET ROCHESTER NY 14607 438110 0 X VSW.ORG X 1971 NY TO CONDUCT AN EDUCATIONAL MEDIA ARTS CENTER AND RELATED PROGRAMS. 9 8 6 6 0 0 172360 240301 208975 140788 17701 7780 49702 41203 448738 430072 0 0 0 0 192331 178401 0 0 0 313121 303867 505452 482268 -56714 -52196 1469650 1448975 139186 92482 1330464 1356493 VSW NURTURES EXPERIMENTAL AND EXPANSIVE APPROACHES TO PHOTOGRAPHY AND MEDIA ARTS, AND BUILDS COMMUNITY AMONG ARTISTS AND THE PUBLIC THROUGH EXHIBITIONS, PUBLICATIONS AND RESIDENCIES. 0 0 416772 140788 VSW PROGRAMS INCLUDE RESIDENCIES, INTERNSHIPS, WORKSHOPS, SCREENINGS, EXHIBITIONS & PUBLICATIONS THAT EXPLORE EXPANSIVE AND EXPERIMENTAL PRACTICES IN PHOTOGRAPHY AND FILM. IN ADDITION, THERE IS A RESEARCH CENTER. ARCHICVES IN BOOKS, MAGAZINES, FILMS AND PHOTOGRAPHS USED FOR RESEARCH. IT IS OPEN TO THE PUBLIC AND ALL EDUCATIONAL FACILITIES THROUGHOUT THE WORLD. 416772 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 6 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X JESSICA JOHNSTON 5854428676 31 PRINCE STREET ROCHESTER NY 14607 JOAN LYONS MEMBER 0.50 X 0 0 0 TATE SHAW VSW PRESS EDITOR, EX OFFICIO 40.00 X 0 0 0 ROGER BRUCE PRESIDENT 0.50 X X 0 0 0 ALMUDENA ESCOBAR LOPEZ SECRETARY 0.50 X X 0 0 0 EVELYNE LEBLANC ROBERGE MEMBER 0.50 X 0 0 0 RICHARD M LEICHT TREASURER 0.50 X X 0 0 0 MIJIN SHIN MEMBER 0.50 X 0 0 0 COLLEN BUZZARD MEMBER 0.50 X 0 0 0 STEPHEN STEFANO MEMBER 0.50 X 0 0 0 JESSICA JOHNSTON DIRECTOR, EX OFFICIO 40.00 X 61713 0 0 61713 0 0 0 0 0 1 0 148800 91501 240301 CONTRACTED EDUCATION 611710 129909 129909 OTHER REVENUE 900099 10879 10879 140788 7780 7780 49241 8038 41203 41203 430072 140788 0 48983 19858 19858 142384 101824 40560 16159 16159 21098 21098 32210 28506 3704 40985 33577 7408 16142 16142 41400 41400 13106 9754 3352 STIPENDS, FEES & COMMIS 68412 65831 2581 REPAIRS AND MAINTENANCE 26725 26725 PRINTING 14019 10514 3505 MATERIALS AND SUPPLIES 12572 10454 2118 17198 14930 2268 482268 416772 65496 0 95871 56795 7188 53 35000 48379 41997 100661 75938 355643 24723 260369 356052 667200 969355 1469650 1448975 9109 20904 86241 48983 43836 22595 139186 92482 X 1045464 1092493 285000 264000 1330464 1356493 1469650 1448975 -52196 78225 0 X X 1 X 0 1 0 X 85141 96382 304195 172360 240301 898379 301907 211725 376790 208975 140788 1240185 387048 308107 680985 381335 381089 2138564 3000 4000 2700 4000 9000 22700 214193 205860 210492 199836 124909 955290 217193 209860 213192 203836 133909 977990 1160574 17892 18501 11096 15334 7780 70603 17892 18501 11096 15334 7780 70603 2065 2065 407005 326608 692081 396669 388869 2211232 0.52490 0.50710 0.03190 0.03970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 250000 86005 86005 250000 250000 49469 -49469 250000 250000 70945 70945 250000 250000 262 -262 250000 250000 8846 8846 250000 0 0 9725 9725 75936 60938 14998 15000 15000 0 24723 BOOKS AND PRINTS COLLECTION 667200 ASSETS HELD FOR SALE 302155 969355 FUNDS HELD FOR OTHERS 22595 22595 X 621387 78225 113090 191315 430072 0 430072 595358 113090 113090 482268 0 482268 PART III, LINE 4: THE ORGANIZATION HAS A LARGE COLLECTION OF BOOKS AND PRINTS WHICH WERE PURCHASED OR DONATED OVER ITS LIFETIME. THE COLLECTION IS BEING UTILIZED FOR RESEARCH PURPOSES BY ARTISTS AND OTHER ORGANIZATIONS. THE ORGANIZATION BELIEVES THE MARKET VALUE OF THE COLLECTION EXCEEDS THE HISTORICAL COST VALUE REFLECTED IN THESE FINANCIAL STATEMENTS. PART V, LINE 4: THE ENDOWMENT FUND IS A DONOR-RESTRICTED PERPETUAL ENDOWMENT FUND PERMANENTLY RESTRICTED AND THE INCOME IS INTENDED TO BE USED TO INCREASE VISUAL STUDIES WORKSHOP ARTIST PROJECTS. PART X, LINE 2: THE ORGANIZATION IS TAXED UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE TAX LAWS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED JUNE 30, 2020. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2020 THROUGH 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND THE TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 0 0 0 0 0 0 0 0 0 JESSICA JOHNSTON DIRECTOR, EX OFFICIO 61713 0 0 0 0 0 0 0 0 0 61713 0 0 0 SCHEDULE J, PART II, LINE 1 JESSICA JOHNSTON IS COMPENSATED FULLY BY SUNY BROCKPORT FOR HER SERVICES AS DIRECTOR OF THE ORGANIZATION AND HER W2 COMES FROM SUNY BROCKPORT. FOR THE CALENDAR YEAR ENDING DECEMBER 31, 2022 HER COMPENSATION WAS $61,713. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE,PROVIDED TO THE BOARD AND FILED UPON APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD, WORKING WITH BROCKPORT, APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR WHEN THE CONTRACT IS REVIEWED AND APPROVED. OTHER KEY STAFF POSITIONS ARE APPROVED WHEN WE REVIEW THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 TO THE EXTENT PRACTICABLE, THE ORGANIZATION MAKES ACCESSIBLE TO THE PUBLIC UPON REQUEST PERTAINING TO ITS MISSION, CURRENT ACTIVITIES, MOST RECENT FINANCIAL REPORTS, CURRENT YEAR BUDGET AND ITS MOST RECENT INDEPENDENT AUDIT REPORT (UNLESS EXEMPT UNDER POL 87 FROM THE REFORM ACT.) FORM 990, PART XII, LINE 2C THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.