Winston-Salem Center For Education And The Arts
- Assets
- $1.3m
- Revenue
- $97.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 10/2010
- Data as of
- 06/2023
- EIN
- 27-2462645
Organization Overview
Winston-Salem Center For Education And The Arts is located in Winstonsalem, NC. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winston-Salem Center For Education And The Arts 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 06/2023, Winston-Salem Center For Education And The Arts generated $97.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $84.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WINSTON-SALEM CENTER FOR EDUCATION AND THE ARTS IS TO ENRICH THE WINSTON-SALEM CMMUNITY BY PROVIDING OPERATING SPACE AND NURTURING NON- PROFIT ORGANIZATIONS THAT OFFER INTELLECTUAL AND SPIRITUAL GROWTH THRU EDUCATION AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE IS THE MISSION OF THE WINSTON-SALEM CENTER FOR EDUCATION AND THE ARTS, WHICH IS TO ENRICH THE WINSTON-SALEM CMMUNITY BY PROVIDING OPERATING SPACE AND NURTURING NON-PROFIT ORGANIZATIONS THAT OFFER INTELLECTUAL AND SPIRITUAL GROWTH THROUGH EDUCATION AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Owen President | OfficerTrustee | 7 | $0 |
Gary Stiffler Vice-Preside | OfficerTrustee | 2.25 | $0 |
Wally Cox Secretary | OfficerTrustee | 2 | $0 |
Harry Underwood Treasurer | OfficerTrustee | 5 | $0 |
Nancy Baxley Board Member | Trustee | 0.5 | $0 |
Bob Edwards Board Member | Trustee | 0.5 | $0 |
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 | $49,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,747 |
| Total Program Service Revenue | $46,010 |
| Investment income | $1,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $102 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,388 |
| Insurance | $3,317 |
| All other expenses | $0 |
| Total functional expenses | $84,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,194,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,325,258 |
| Accounts payable and accrued expenses | $0 |
| 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 | $34,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,795 |
| Net assets without donor restrictions | $1,264,301 |
| Net assets with donor restrictions | $26,162 |
| 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 | $1,325,258 |