Cccp Community Trust
- Assets
- $2.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Charlotte, NC
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 01-0554275
Organization Overview
Cccp Community Trust, operating under the name Charlotte Artsfest Charlotte B-Cycle, is located in Charlotte, NC. The organization was established in 2002. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Charlotte Artsfest Charlotte B-Cycle employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Artsfest Charlotte B-Cycle is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Charlotte Artsfest Charlotte B-Cycle generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 15.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Charlotte Artsfest Charlotte B-Cycle has awarded 134 individual grants totaling $4,200,010. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CCCP COMMUNITY TRUST (CCCPCT) BUILDS COMMUNITY USING INITIATIVES AROUND HEALTH & WELLNESS, ARTS, CULTURE, EVENTS, AND ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CCCPCT ENHANCES ARTS, CULTURAL AND ENTERTAINMENT OPPORTUNITIES IN CHARLOTTE BY CREATING INCLUSIVE ARTS EXPERIENCES. THIS IS ACCOMPLISHED BY CCCPCT DBA CHARLOTTE ARTSFEST, INC. THROUGH A RANGE OF COORDINATED FESTIVAL EVENTS SUCH AS THE NOVANT HEALTH THANKSGIVING EVE PARADE, CLT NEW YEAR'S EVE AND CHARLOTTE SHOUT!. THE NOVANT HEALTH THANKSGIVING EVE PARADE IS THE CITY'S ANNUAL HOLIDAY PARADE ON THE NIGHT BEFORE THANKSGIVING, WHICH CCCPCT BEGAN PRODUCING IN 2013. CLT NEW YEAR'S EVE IS A CELEBRATION IN UPTOWN ON DECEMBER 31ST. CHARLOTTE SHOUT! IS AN EVENT FROM THE PAST THAT WAS RE-INTRODUCED IN SPRING OF 2019, WITH A PAUSE IN 2020. IN ADDITION, CCCPCT SECURED SEVERAL GRANTS: TO ACTIVATE THE NORTH TRYON AREA, TO ENHANCE OUR MUSIC EVERYWHERE INITIATIVE TO PROVIDE AIDE TO THOSE IN THAT COMMUNITY AFFECTED BY THE PANDEMIC AND LASTLY TO SPONSOR ACTIVATION OF THE RAIL TRAIL.
CCCPCT WILL INVEST IN INITIATIVES THAT BUILD COMMUNITY THROUGH EDUCATION, HEALTH, WELLNESS, AND SUSTAINABILITY. THE FIRST MODEL PROGRAM TO SUPPORT THESE GOALS IS CCCPCT DBA CHARLOTTE B-CYCLE, MADE POSSIBLE BY BLUECROSS AND BLUESHIELD OF NORTH CAROLINA. THIS IS A BIKE SHARE PROGRAM FOR THE CITY OF CHARLOTTE TO SUPPORT HEALTHY AND SUSTAINABLE TRANSPORTATION CHOICES AND BETTER BIKE AWARENESS IN THE CITY. THIS PROGRAM IS A PUBLIC-PRIVATE PARTNERSHIP BETWEEN CCCPCT AND THE CITY OF CHARLOTTE.
CCCPCT CREATED A SINGLE MEMBER LLC THAT WILL INVEST IN THE COMMUNITY THROUGH SMALL BUSINESS INNOVATION FUND GRANTS GIVEN TO SMALL BUSINESSES AS THEY ADAPT THEIR OPERATIONS OR BUSINESS MODELS IN THE WAKE OF THE COVID-19 PANDEMIC. THE PROGRAM IS INTENDED TO SUPPORT THESE LOCAL BUSINESSES AS THEY SEEK TO INNOVATE, TO STAY COMPETITIVE, AND ADVANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Smith Director/exec. Dir. Cccpct | OfficerTrustee | 6 | $0 |
Tom Gabbard Director | Trustee | 0.5 | $0 |
Diondre Lewis Director | Trustee | 0.5 | $0 |
Matt Olin Director | Trustee | 0.5 | $0 |
Paula Vincent Director | Trustee | 0.5 | $0 |
Tom Murray Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
East Coast Entertainment Musical Entertainment | 6/29/20 | $407,500 |
Se Systems Inc Sound Systems, Lighting & Staging | 6/29/20 | $168,575 |
Creos Experts-conseils Installation And Presentation Of Art | 6/29/20 | $116,562 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,299,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,299,363 |
| Total Program Service Revenue | $189,015 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,485,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $683,000 |
| Grants and other assistance to domestic individuals. | $351,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,098 |
| Compensation of current officers, directors, key employees. | $9,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $700,978 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,467 |
| Payroll taxes | $18,432 |
| Fees for services: Management | $46,866 |
| Fees for services: Legal | $1,610 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,595 |
| Advertising and promotion | $145,755 |
| Office expenses | $105,511 |
| Information technology | $46,820 |
| Royalties | $0 |
| Occupancy | $29,908 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,315 |
| Insurance | $27,178 |
| All other expenses | $73,848 |
| Total functional expenses | $4,749,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,176,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,491 |
| Net Land, buildings, and equipment | $71,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,326,654 |
| Accounts payable and accrued expenses | $266,351 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,169 |
| Total liabilities | $276,520 |
| Net assets without donor restrictions | $182,843 |
| Net assets with donor restrictions | $1,867,291 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,326,654 |
Grants Awarded
Over the last fiscal year, Cccp Community Trust has awarded $683,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALCHEMYC3LAB LLC PURPOSE: SMALL BUSINESS INNOVATION GRANT | $40,000 |
BYE LLC PURPOSE: SMALL BUSINESS INNOVATION GRANT | $40,000 |
BARS 2NV LLC PURPOSE: SMALL BUSINESS INNOVATION GRANT | $15,000 |
BOBBY'S PAINTING COMPANY PURPOSE: SMALL BUSINESS INNOVATION GRANT | $40,000 |
CHARLOTTE SWEET TREATS PURPOSE: SMALL BUSINESS INNOVATION GRANT | $40,000 |
COMMUNITY DREAM BUILDERS INC PURPOSE: SMALL BUSINESS INNOVATION GRANT | $20,000 |