Hopewell Valley Arts Council Inc

Celebrating Art in the Everyday.

GuideStar Charity Check

Hopewell Valley Arts Council Inc

EIN: 46-2693345


The Hopewell Valley Arts Council is a 501(c)(3) nonprofit organization dedicated to increasing art awareness and appreciation in the greater Hopewell Valley. We celebrate “art in the everyday” by cultivating all types of creative exploration and artistic expression, and encourage us all to see the beauty inherent in the simple and ordinary parts of day-to-day life. Through community collaborations, events and art-based initiatives, the HV Arts Council highlights our local talents and enriches the cultural and creative life of our community.

Ruling year info


Executive Director

Carol A Lipson

Main address

PO BOX 145


Show more contact info



Subject area info

Arts and culture

Arts councils

Community improvement

Population served info

Age groups

Artists and performers

NTEE code info

Arts, Cultural Organizations - Multipurpose (A20)

Community, Neighborhood Development, Improvement (S20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms


Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?


HV Arts Council is providing an environment for collaboration, feedback, learning, and idea sharing; creating opportunities to showcase artists and their work in our community; and coordinating resources and services useful to all artists — including the visual, musical, culinary, literary, performing arts — just to name a few.

ArtConnect members will promote their work and news with the public via our digital platforms and at local venues and shows. They’ll network and collaborate, mentor or teach emerging and young talent, and share and learn with a community of inspiring Hopewell Valley artists.

Population(s) Served
Artists and performers

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    not everyone responds to social media and emails.


Hopewell Valley Arts Council Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990

Average of 5.10 over 9 years

Months of cash in 2021 info

SOURCE: IRS Form 990

Average of 18.4 over 9 years

Fringe rate in 2021 info

SOURCE: IRS Form 990


Average of 1% over 9 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Hopewell Valley Arts Council Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Hopewell Valley Arts Council Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Hopewell Valley Arts Council Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Hopewell Valley Arts Council Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2016 2017 2018 2019 2020
Unrestricted surplus (deficit) before depreciation -$31,399 -$4,308 -$44,166 -$1,551 -$18,670
As % of expenses -29.1% -4.2% -68.2% -3.4% -15.5%
Unrestricted surplus (deficit) after depreciation -$32,071 -$4,980 -$44,838 -$1,551 -$19,649
As % of expenses -29.6% -4.8% -68.5% -3.4% -16.2%
Revenue composition info
Total revenue (unrestricted & restricted) $76,447 $98,295 $20,574 $44,731 $101,662
Total revenue, % change over prior year -16.2% 28.6% -79.1% 117.4% 127.3%
Program services revenue 20.2% 0.0% 40.1% 6.9% 4.6%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.1% 0.4% 0.1% 0.0%
Government grants 0.0% 0.0% 4.9% 2.2% 0.7%
All other grants and contributions 79.6% 99.9% 54.6% 90.7% 94.6%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $107,846 $102,603 $64,740 $46,282 $120,332
Total expenses, % change over prior year 33.4% -4.9% -36.9% -28.5% 160.0%
Personnel 0.0% 0.0% 0.0% 9.7% 0.0%
Professional fees 47.4% 31.1% 63.6% 39.4% 78.8%
Occupancy 1.9% 3.3% 4.5% 1.3% 2.7%
Interest 0.0% 0.0% 0.0% 0.0% 1.9%
Pass-through 1.9% 1.9% 3.1% 4.3% 1.7%
All other expenses 48.9% 63.7% 28.8% 45.3% 15.0%
Full cost components (estimated) info 2016 2017 2018 2019 2020
Total expenses (after depreciation) $108,518 $103,275 $65,412 $46,282 $121,311
One month of savings $8,987 $8,550 $5,395 $3,857 $10,028
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $117,505 $111,825 $70,807 $50,139 $131,339

Capital structure indicators

Liquidity info 2016 2017 2018 2019 2020
Months of cash 8.5 8.4 5.2 7.0 2.9
Months of cash and investments 8.5 8.4 5.2 7.0 2.9
Months of estimated liquid unrestricted net assets 8.5 8.4 5.2 6.8 0.8
Balance sheet composition info 2016 2017 2018 2019 2020
Cash $76,405 $72,097 $27,931 $26,986 $28,953
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $3,364 $3,364 $3,364 $3,364 $3,364
Accumulated depreciation (as a % of LBE) 30.9% 50.9% 70.9% 70.9% 100.0%
Liabilities (as a % of assets) 0.0% 0.0% 0.0% 2.2% 73.4%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 $0 $0 N/A N/A
Permanently restricted net assets $0 $0 $0 N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $78,728 $73,748 $28,910 $27,359 $7,710

Key data checks

Key data checks info 2016 2017 2018 2019 2020
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Executive Director

Carol A Lipson

Carol LIpson was one of the founding members of the Hopewell Valley Arts Council back in 2014 and has worked for many years as a volunteer and served as a Board Member. As the Arts Council began expanding, it became clear that an Executive Director was needed to make the vision for the organization a reality. So Carol was hired to serve as the Executive Director in January 2020. Early in her professional life, Carol was an executive with a Fortune 500 high-tech management consulting firm. In her spare time, Carol's creative pursuits include mixed media collage, photography, gardening and floral design.

Number of employees

Source: IRS Form 990

Hopewell Valley Arts Council Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Hopewell Valley Arts Council Inc

Board of directors
as of 08/04/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Michelle Needham

Michelle Needham

Erwin Harbat

Dennis Hagen

Craig Shofed

Gail Gendler

Carol Lipson

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 4/9/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity

Race & ethnicity

Gender identity


Sexual orientation


We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 04/09/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.